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 | 13.56 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.1 % | 2Q/23 |
| GDP per capita | 5500 USD | 2022 |
| Inflation Rate YoY | 6.6 % | Sep/23 |
| Interest Rate | 6.3 % | Sep/23 |
| Unemployment Rate | 13.2 % | 2Q/23 |
| Wages | 54434 MKD/Month | 938.822 USD/Month | Jul/23 |
| Balance of Trade | -338000 USD Thousand | -0.338 B USD | Aug/23 |
| Current Account | -129 USD Million | -0.129 B USD | Jun/23 |
| Government Debt | 7254 EUR Million | 7.696 B USD | 2Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.56 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.1 % | 2Q/23 |
| GDP per capita | 5500 USD | 2022 |
| GDP Constant Prices | 206926 MKD Million | 3.569 B USD | 2Q/23 |
| GDP per capita PPP | 17129 USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 51 % | 2022 |
| Government Budget Value | -28 MKD Million | 0 USD Billion | Aug/23 |
| Government Spending | 34075 MKD Million | 0.588 USD Billion | 2Q/23 |
| Government Debt | 7254 EUR Million | 7.696 USD Billion | 2Q/23 |
| Government Revenues | 21981 MKD Million | 0.379 USD Billion | Aug/23 |
| Fiscal Expenditure | 22009 MKD Million | 0.38 B USD | Aug/23 |
| Government Budget to GDP | -4.1 % | 2022 |
| Military Expenditure | 225 USD Million | 0.225 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 151 index points | Aug/23 |
| Food Inflation | 7.7 % | Sep/23 |
| Gasoline Prices | 1.53 USD/Liter | Sep/23 |
| GDP Deflator | 108 % | 2022 |
| Inflation Rate YoY | 6.6 % | Sep/23 |
| Producer Prices | 139 index points | Jul/23 |
| Inflation Rate Mom | -0.1 % | Sep/23 |
| Core Consumer Prices | 147 Index Points | Aug/23 |
| Core Inflation Rate | 7.43 % | Aug/23 |
| Producer Prices Change | -1.2 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -6.7 % | 2022 |
| Balance of Trade | -338000 USD Thousand | -0.338 USD Billion | Aug/23 |
| Capital Flows | -17.8 USD Million | -0.018 USD Billion | Jun/23 |
| Current Account | -129 USD Million | -0.129 USD Billion | Jun/23 |
| Exports | 605139 USD Thousand | 0.605 USD Billion | Aug/23 |
| External Debt | 11397 EUR Million | 12.091 USD Billion | 2Q/23 |
| Imports | 943139 USD Thousand | 0.943 USD Billion | Aug/23 |
| Tourist Arrivals | 1973 Hundreds Persons | 0.197 Million Persons | Jul/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 6.89 Tonnes | 2Q/23 |
| Interest Rate | 6.3 % | Sep/23 |
| Money Supply M0 | 47569 MKD Million | 0.82 USD Billion | Aug/23 |
| Money Supply M1 | 239644 MKD Million | 4.133 USD Billion | Aug/23 |
| Money Supply M2 | 458364 MKD Million | 7.905 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 277134 MKD Million | 4.78 B USD | Aug/23 |
| Deposit Interest Rate | 4.05 % | Aug/23 |
| Foreign Direct Investment | 12.6 EUR Million | 0.013 B USD | Jun/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 29739 MKD/Month | 512.908 USD/Month | 2023 |
| Unemployment Rate | 13.2 % | 2Q/23 |
| Wages | 54434 MKD/Month | 938.822 USD/Month | Jul/23 |
| Employed Persons | 689714 Person | 0.69 Million Person | 2Q/23 |
| Employment Rate | 45.5 % | 2Q/23 |
| Full Time Employment | 753 Thousand Person | 4Q/20 |
| Job Vacancies | 8059 | 8.059 K | 2Q/23 |
| Labor Force Participation Rate | 52.4 % | 2Q/23 |
| Long Term Unemployment Rate | 11.5 % | 4Q/22 |
| Part Time Employment | 25.6 Thousand Persons | 4Q/20 |
| Unemployed Persons | 103888 Persons | 0.104 Million Persons | 2Q/23 |
| Wage Growth | 5.6 % | Jul/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 10 % | 2023 |
| Personal Income Tax Rate | 10 % | 2023 |
| Sales Tax Rate | 18 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -5.1 % | Aug/23 |
| 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 | -1.2 % | Jul/23 |
| Competitiveness Index | 57.33 Index Points | 2019 |
| Competitiveness Rank | 82 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales YoY | -9 % | Aug/23 |
| Consumer Credit | 224817 MKD Million | 3.877 USD Billion | Aug/23 |
| Consumer Spending | 152978 MKD Million | 2.638 USD Billion | 2Q/23 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 1.8 % | Jul/23 |
