Economy of Macedonia. Statistics, Data and Indicators
Macedonia
| 48BB- | Credit rank #61 |
| N/A | Quality of life # |
| 85 | Corruption rank#85 |
| 17 | Ease of doing business#10 |
Macedonia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.88 USD Billion | 2021 |
| GDP Annual Growth Rate | 2 % | 3Q/22 |
| GDP per capita | 5287 USD | 2021 |
| Inflation Rate YoY | 14.2 % | Dec/22 |
| Interest Rate | 4.75 % | Jan/23 |
| Unemployment Rate | 14.3 % | 3Q/22 |
| Wages | 49397 MKD/Month | 870.39 USD/Month | Nov/22 |
| Balance of Trade | -286782 USD Thousand | -0.287 B USD | Nov/22 |
| Current Account | -37.2 USD Million | -0.037 B USD | Sep/22 |
| Government Debt | 6097 EUR Million | 6.634 B USD | 2Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.88 USD Billion | 2021 |
| GDP Annual Growth Rate | 2 % | 3Q/22 |
| GDP per capita | 5287 USD | 2021 |
| GDP Constant Prices | 201993 MKD Million | 3.559 B USD | 3Q/22 |
| GDP per capita PPP | 16464 USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 51.8 % | 2021 |
| Government Budget Value | -11659 MKD Million | -0.205 USD Billion | Dec/22 |
| Government Spending | 31057 MKD Million | 0.547 USD Billion | 3Q/22 |
| Government Debt | 6097 EUR Million | 6.634 USD Billion | 2Q/22 |
| Government Revenues | 23724 MKD Million | 0.418 USD Billion | Dec/22 |
| Fiscal Expenditure | 35383 MKD Million | 0.623 B USD | Dec/22 |
| Government Budget to GDP | -5.4 % | 2021 |
| Military Expenditure | 215 USD Million | 0.215 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 145 index points | Nov/22 |
| Food Inflation | 20.9 % | Dec/22 |
| Gasoline Prices | 1.47 USD/Liter | Jan/23 |
| GDP Deflator | 106 % | 2021 |
| Inflation Rate YoY | 14.2 % | Dec/22 |
| Producer Prices | 140 index points | Nov/22 |
| Inflation Rate Mom | -0.2 % | Dec/22 |
| Core Consumer Prices | 141 Index Points | Nov/22 |
| Core Inflation Rate | 17.4 % | Nov/22 |
| Producer Prices Change | 13.8 % | Nov/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -3.5 % | 2021 |
| Balance of Trade | -286782 USD Thousand | -0.287 USD Billion | Nov/22 |
| Capital Flows | -26.6 USD Million | -0.027 USD Billion | Sep/22 |
| Current Account | -37.2 USD Million | -0.037 USD Billion | Sep/22 |
| Exports | 731232 USD Thousand | 0.731 USD Billion | Nov/22 |
| External Debt | 11077 EUR Million | 12.052 USD Billion | 3Q/22 |
| Imports | 1018014 USD Thousand | 1.018 USD Billion | Nov/22 |
| Tourist Arrivals | 569 Hundreds Persons | 0.057 Million Persons | Nov/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 6.89 Tonnes | 3Q/22 |
| Interest Rate | 4.75 % | Jan/23 |
| Money Supply M0 | 47490 MKD Million | 0.837 USD Billion | Dec/22 |
| Money Supply M1 | 235528 MKD Million | 4.15 USD Billion | Dec/22 |
| Money Supply M2 | 450018 MKD Million | 7.929 USD Billion | Dec/22 |
| Central Bank Balance Sheet | 275764 MKD Million | 4.859 B USD | Dec/22 |
| Deposit Interest Rate | 2.65 % | Dec/22 |
| Foreign Direct Investment | 16.22 EUR Million | 0.018 B USD | Sep/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 18000 MKD/Month | 317.166 USD/Month | 2022 |
| Unemployment Rate | 14.3 % | 3Q/22 |
| Wages | 49397 MKD/Month | 870.39 USD/Month | Nov/22 |
| Employed Persons | 693062 Person | 0.693 Million Person | 3Q/22 |
| Employment Rate | 47.34 % | 3Q/22 |
| Full Time Employment | 753 Thousand Person | 4Q/20 |
| Job Vacancies | 10217 | 10.217 K | 3Q/22 |
| Labor Force Participation Rate | 55.22 % | 3Q/22 |
| Long Term Unemployment Rate | 12.5 % | 4Q/21 |
| Part Time Employment | 25.6 Thousand Persons | 4Q/20 |
| Unemployed Persons | 115266 Persons | 0.115 Million Persons | 3Q/22 |
| Wage Growth | -4.8 % | Sep/22 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 10 % | 2022 |
| Personal Income Tax Rate | 10 % | 2022 |
| Sales Tax Rate | 18 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -1.3 % | Dec/22 |
| Steel Production | 32.8 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 24.4 index points | Dec/22 |
| Corruption Index | 40 index points | 2022 |
| Corruption Rank | 85 place | 2022 |
| Ease of Doing Business | 17 place | 2019 |
| Manufacturing Production | -5.6 % | Nov/22 |
| Competitiveness Index | 57.33 Index Points | 2019 |
| Competitiveness Rank | 82 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales YoY | 0.8 % | Dec/22 |
| Consumer Credit | 214965 MKD Million | 3.788 USD Billion | Dec/22 |
| Consumer Spending | 143861 MKD Million | 2.535 USD Billion | 3Q/22 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -5.5 % | Oct/22 |
