At present, the economy is not suffering from a misaligned exchange rate or financial problems. Thus, once the political crisis has been resolved, the country should return to growth rates of around or above 3% in the medium term.

map Macedonia
Main Economic Indicators201320142015201620172018
Population, 1000 persons.206420672070...
GDP, real change in %
GDP per capita (EUR at PPP)95001010010600...
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-4.0-4.2-3.4...
Public debt in % of GDP40.245.746.6...
Current account in % of GDP-1.6-0.5-2.1-4.0-4.0-4.0
FDI inflow, EUR mn30237262...
Gross external debt in % of GDP64.070.069.4...

Basic data are continuously updated.

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


MACEDONIA: Instability slows down investments

Vladimir Gligorov
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, , pp. 87-89
Details and Buy


Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure