Macedonia

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
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons.206720702085...
GDP, real change in %3.63.82.42.63.33.4
GDP per capita (EUR at PPP)100001050010700...
Gross industrial production, real change in %4.84.93.4...
Unemployment rate - LFS, in %, average28.026.123.724.023.023.0
Average gross monthly wages, EUR508522533...
Consumer prices, % p.a.-0.3-0.3-0.21.01.52.0
Fiscal balance in % of GDP-4.2-3.4-2.0...
Public debt in % of GDP45.746.650.0...
Current account in % of GDP-0.5-2.1-3.1-3.2-3.9-4.0
FDI inflow, EUR mn37262517...
Gross external debt in % of GDP70.070.173.5...


Basic data are continuously updated.

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

publication_icon

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,
27 pages including 1 Table and 2 Figures

Details

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MACEDONIA: Temporary slowdown

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


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