North Macedonia

Following the resolution of the name dispute with Greece and reduction in domestic political risk, growth should continue to improve during the forecast period. A more supportive political backdrop will aid the resumption of delayed investment projects and robust FDI inflows. After a couple of years of underperformance, North Macedonian growth should reach or in some cases pass the levels of regional peers.

map North Macedonia
Main Economic Indicators201620172018201920202021
Population, 1000 persons207220752076...
GDP, real change in %
GDP per capita (EUR at PPP)108001080011500...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average23.722.420.720.020.019.0
Average gross monthly wages, EUR533547579...
Consumer prices, % p.a.-
Fiscal balance in % of GDP-2.7-2.8-1.1...
Public debt in % of GDP48.747.748.4...
Current account in % of GDP-2.9-1.1-0.1-1.5-2.6-3.2
FDI inflow, EUR mn495351539...
Gross external debt in % of GDP74.773.673.1...

Basic data are continuously updated.

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


Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure



NORTH MACEDONIA: Solving name dispute to boost investor confidence

Olga Pindyuk
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 116-118
Details and Buy