Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

 
 
Source
Central bank

National Bank of the Republic of Macedonia

International Reserves

US$ 3.186 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 11 billion (2014 estimate)

GDP (Purchasing Power Parity)

24 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
2.8% 4.1% 4.4% 5.0% 6.1% 5.0% -0.9% 2.9%
2011 2012 2013 2014*        
2.8% -0.4% 3.1% 3.2%        

*Estimate

GDP per capita - current prices

US$ 5,333 (2014 estimate)

GDP per capita - PPP

$11,395 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.03% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 10.2% 
  • industry: 27.5% 
  • services: 62.3% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
3.9% 3.3% 2.8% 1.8%

*Estimate

Unemployment rate
2011 2012 2013 2014*
31.4% 31.3% 30.0% 29.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
24.2% 27.9% 34.1% 35.8% 36.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-2.4% -2.5% -3.9% -4.0% -3.8%

*Estimate    

Government bond ratings

Standard & Poor's: BB-

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2011 2012 2013
US$2.495 billion US$2.423 billion US$2.214 billion
Largest companies in Macedonia

N/A

 
 
Source
Current account balance

US$ -428 million (2014 estimate)

Current account balance by percentage of GDP

-3.865% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

53.8% (2013)

Shares in world total merchandising export

N/A

Shares in world total commercial services export

N/A

Total exports

US$4.267 billion (2013 estimate) 

Export commodities

food, beverages, tobacco; textiles, miscellaneous manufactures, iron, steel; automotive parts

Total imports

US$6.6 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and equipment, automobiles, chemicals, fuels, food products

Exports - major partners

Germany 36.9%, Bulgaria 7.6%, Italy 6.5%, Kosovo 6.5%, Serbia 6.3%, Greece 5% (2012 est.)

Imports - major partners

Great Britain 11%, Greece 10.6%, Germany 10.5%, Serbia 7.9%, Italy 6.5%, China 5.8%, Bulgaria 5.5%, Turkey 4.8% (2012 est.)

FDI inflows
2011 2012 2013
US$468 million US$93 million US$334 million
FDI outflows
2011 2012 2013  
US$0 US$-8 million US$-2 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$0 US$0 US$0 US$0
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 25 out of 189 countries (2013)

Subcategories:

Starting a business: 7 out of 189 countries

Enforcing Contracts: 95 out of 189 countries

Registering Property: 84 out of 189 countries

Getting credit: 3 out of 189 countries

Protecting investors: 16 out of 189 countries

Trading across border: 89 out of 189 countries

Paying Taxes: 26 out of 189 countries

Dealing with Construction Permits: 63 out of 189 countries

Getting Electricity: 76 out of 189 countries

Resolving Insolvency: 52 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

63

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 43 Score: 68.6 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

25,713 sq km

Capital

Skopje 

Currency

Macedonian denars (MKD) 

Government type

parliamentary democracy

Languages

Macedonian 66.5%, Albanian 25.1%, Turkish 3.5%, Roma 1.9%, Serbian 1.2%, other 1.8% (2002 census)

Religions

Macedonian Orthodox 64.7%, Muslim 33.3%, other Christian 0.37%, other and unspecified 1.63% (2002 census)

Total population
1990 2000 2010 2014* 2019**
N/A 2.01 million 2.057 million 2.076 million 2.099 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
34% 53% 59% 57%
Population median age

36.8 years (2014 estimate)

Population growth rate

0.21% (2014 est.)

Life expectancy

75.8 years (2014 estimate)

Adult literacy

97.4% (2011 estimate)

% of population living on less than $2 a day

4.2% (2008)

Inequality of wealth distribution (Gini index)

44.2 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 19.0%   Mobile 106.2%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

 

Internet users as % of total population

61.20% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Skopje: 193rd (2014)

CO2 emissions(Metric tons of CO2 per capita)

5.2 (2010)

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2013

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