The Macedonian economy will resume growth after stagnation in 2017. The agreement on the new name – Republic of Northern Macedonia – will help not only to launch EU and NATO accession talks, but also to stimulate investments. GDP growth will reach 3% per year in the medium term.

map Macedonia
Main Economic Indicators201520162017201820192020
Population, 1000 persons207020722075...
GDP, real change in %
GDP per capita (EUR at PPP)105001090010800...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average26.123.722.421.020.020.0
Average gross monthly wages, EUR522533547...
Consumer prices, % p.a.-0.3-
Fiscal balance in % of GDP-3.4-2.7-2.8...
Public debt in % of GDP46.648.447.5...
Current account in % of GDP-2.0-2.7-
FDI inflow, EUR mn262495395...
Gross external debt in % of GDP69.374.273.6...

Basic data are continuously updated.

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


Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, 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. 6, June 2018
27 pages including 1 Table and 1 Figure



MACEDONIA: Political crisis and recovery

Vladimir Gligorov
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 118-121
Details and Buy