In the near term, the effects of the crisis on the growth of GDP will have to be felt. Growth this year is currently looking closer to being 2% at most, though the improved political climate should help going forward. In the medium term, growth may accelerate to above 3% due to improved prospects for investment and because of an improved regional and European environment.

map Macedonia
Main Economic Indicators201420152016201720182019
Population, 1000 persons206720702072...
GDP, real change in %
GDP per capita (EUR at PPP)100001050011100...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average28.026.123.724.023.023.0
Average gross monthly wages, EUR508522533...
Consumer prices, % p.a.-0.3-0.3-
Fiscal balance in % of GDP-4.2-3.4-2.6...
Public debt in % of GDP45.746.647.7...
Current account in % of GDP-0.5-2.0-2.7-3.2-3.9-4.0
FDI inflow, EUR mn37262495...
Gross external debt in % of GDP70.069.473.2...

Basic data are continuously updated.

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


Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures



MACEDONIA: Temporary slowdown

Vladimir Gligorov
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 93-95
Details and Buy