GDP growth at 3% in 2013 has exceeded expectations. The economy should continue to expand at that rate in the next few years. Acceleration is possible only if investments and exports improve significantly, substituting for the slower growth of consumption, both public and private.

map Macedonia
Main Economic Indicators201120122013201420152016
Population, 1000 persons.205920612070...
GDP, real change in %2.8-
GDP per capita (EUR at PPP)900090009400...
Gross industrial production, real change in %6.9-2.73.2...
Unemployment rate - LFS, in %, average31.431.
Average gross monthly wages, EUR497498504...
Consumer prices, % p.a.
Fiscal balance in % of GDP-2.5-3.9-4.0...
Public debt in % of GDP35.036.036.0...
Current account in % of GDP-2.5-3.0-1.9-4.0-4.0-4.0
FDI inflow, EUR mn33772251...
Gross external debt in % of GDP64.969.469.8...

Basic data are continuously updated.

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


MACEDONIA: Steady improvement

Vladimir Gligorov
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 75-76
Details and Buy


Monthly Report No. 11/2013

Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables