Growth over the medium term should settle at just above 3%, with investment and exports as the driving forces. As democratisation takes hold, political stability should in all likelihood firm up and growth accelerate somewhat, especially if growth in the region as a whole picks up speed.

map Macedonia
Main Economic Indicators201320142015201620172018
Population, 1000 persons.206420672080...
GDP, real change in %
GDP per capita (EUR at PPP)95001010010700...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average29.
Average gross monthly wages, EUR504508522...
Consumer prices, % p.a.2.8-0.3-
Fiscal balance in % of GDP-4.0-4.2-3.0...
Public debt in % of GDP40.245.946.5...
Current account in % of GDP-1.6-0.8-1.4-4.0-4.0-4.0
FDI inflow, EUR mn30237172...
Gross external debt in % of GDP64.070.369.9...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


MACEDONIA: Change is in the air

Vladimir Gligorov
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, , pp. 98-100
Details and Buy


Monthly Report No. 9/2015

Amat Adarov, Fatos Hoxha, Werner Laventure and Isilda Mara
wiiw Monthly Report No. 9,
47 pages including 3 Tables and 33 Figures