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
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons207220752095...
GDP, real change in %2.80.22.73.13.43.4
GDP per capita (EUR at PPP)108001080011500...
Gross industrial production, real change in %3.40.25.4...
Unemployment rate - LFS, in %, average23.722.420.720.020.019.0
Average gross monthly wages, EUR533547579...
Consumer prices, % p.a.-0.21.41.52.02.02.0
Fiscal balance in % of GDP-2.7-2.8-1.1...
Public debt in % of GDP48.747.746.8...
Current account in % of GDP-2.9-1.0-0.3-1.5-2.6-3.2
FDI inflow, EUR mn495351560...
Gross external debt in % of GDP74.773.673.7...


Basic data are continuously updated.

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

publication_icon

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

Details

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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


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