North Macedonia
Given the huge economic uncertainty generated by the spread of the coronavirus in Europe, we are currently only publishing headline real GDP growth forecasts for our countries. We will produce a full update of our forecasts as soon as is realistically possible.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Population, 1000 persons | 2075 | 2076 | 2100 | . | . | . |
| GDP, real change in % | 1.1 | 2.7 | 3.6 | 1.7 | . | . |
| GDP per capita (EUR at PPP) | 10900 | 11500 | 12200 | . | . | . |
| Gross industrial production, real change in % | 0.2 | 5.4 | 3.7 | . | . | . |
| Unemployment rate - LFS, in %, average | 22.4 | 20.7 | 17.3 | . | . | . |
| Average gross monthly wages, EUR | 547 | 579 | 609 | . | . | . |
| Consumer prices, % p.a. | 1.4 | 1.5 | 0.8 | . | . | . |
| Fiscal balance in % of GDP | -2.8 | -1.1 | -2.1 | . | . | . |
| Public debt in % of GDP | 47.6 | 48.6 | 48.8 | . | . | . |
| Current account in % of GDP | -1.0 | -0.1 | -2.8 | . | . | . |
| FDI inflow, EUR mn | 351 | 539 | 423 | . | . | . |
| Gross external debt in % of GDP | 73.4 | 73.3 | 72.2 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Forecasts as of March 2020 considering the effect of COVID-19 with a severe scenario. Due to this uncertain situation we only offer forecasts for GDP.
NORTH MACEDONIA: Lingering EU uncertainty inhibits potential growth
Bernd Christoph Ströhm
in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 119-122
Details and Buy
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