Source
Central bank

National Bank of the Republic of Macedonia

International Reserves

USD 3.3 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 12.7 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 32.6 billion (2018, estimate)

Real GDP growth
2014 2015 2016 2017 2018* 2019*
2.9% 3.6% 3.9% 2.8% 0.2% 2.7%

*Estimate

GDP per capita - current prices

USD 5,350.4 (2017, estimate)

GDP per capita - PPP

Intl$ 15,709.5 (2018, estimate)

GDP (PPP) - share of world total

0.02% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 7.2% 
  • industry: 23.6% 
  • services: 55.1%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2015 2016 2017 2018* 2019*
0.3% -0.2% -1.4% 1.5% 1.3%

*Estimate

Unemployment rate
2014 2015 2016 2017* 2018*
26.1% 23.8.% 22.4% 20.7% 17.9%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
38.1% 39.8% 39.5% 40.5% 40.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-3.5% -2.7% -2.7% -1.8% -2.3%

*Estimate

Government bond ratings

Standard & Poor's: BB-

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares

N/A

Largest companies

N/A

 
 
Source
Current account balance

USD -0.0 billion (2018 estimate)

Current account balance by percentage of GDP

-0.3% (2018 estimate)

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

60.3% (2018)

Shares in world total merchandising export

0.04% (2018)

Shares in world total commercial services export

0.03% (2018)

Total exports

USD 7.5 billion (2018 estimate)

Export commodities

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

Total imports

USD 9.2 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

Germany 46.7%, Bulgaria 6.1%, Serbia 4.4%, Belgium 4.1% (2017)

Imports - major partners

Germany 11.9%, UK 10%, Greece 8%, Serbia 7.1%, China 5.9%, Italy 5.5%, Turkey 4.5%, Bulgaria 4.3% (2017)

FDI inflows
2016 2017 2018
374 million 205 million 737 million
FDI outflows
2016 2017 2018
23.8 million 2.0 million 3.1 million
Value of cross-border M&A, by country of purchaser

N/A

Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Overall ranking: 17 out of 190 countries (2018)

Subcategories:

Starting a Business: 78 out of 190 countries

Dealing with Construction Permits: 15 out of 190 countries

Getting Electricity: 68 out of 190 countries

Registering Property: 48 out of 190 countries

Getting Credit: 25 out of 190 countries

Protecting Minority Investors: 12 out of 190 countries

Paying Taxes: 37 out of 190 countries

Trading across Borders: 32 out of 190 countries

Enforcing Contracts: 47 out of 190 countries

Resolving Insolvency: 30 out of 190 countries

World Bank - Doing Business 2019

Global competitiveness ranking

82 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 33 / Score: 71.1 (Mostly free) (2019)

(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 (official) 66.5%, Albanian (official) 25.1%, Turkish 3.5%, Roma 1.9%, Serbian 1.2%, other 1.8% (2002 est.)

Religions

Macedonian Orthodox 64.8%, Muslim 33.3%, other Christian 0.4%, other and unspecified 1.5% (2002 est.)

Total population
1990 2000 2010 2016* 2021*
N/A 2.01 million 2.057 million 2.073 million 2.084 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
34% 54% 59% 57%
Population median age

37.5 years (2016 estimate)

Population growth rate

0.18% (2016 estimate)

Life expectancy

76.2 years (2016 estimate)

Literacy

Total population: 97.8%
Male: 98.8%
Female: 96.8% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 4
Civil Liberties: 3 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 17.59%   Mobile 98.59% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

70.38% (2015)

Mercer Cost of living index

Skopje: 199th (2016)

CO2 emissions

4.0 (2013)

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