Source
Central bank

National Bank of the Republic of Macedonia

International Reserves

USD 2.5 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 11.1 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 31.9 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.1% 6.5% 5.5% -0.4% 3.4% 2.3% -0.5%
2013 2014 2015 2016* 2017*    
2.9% 3.5% 3.7% 2.2% 3.5%    

*Estimate

GDP per capita - current prices

USD 5,350.4 (2017, estimate)

GDP per capita - PPP

Intl$ 15,345.6 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.03% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 11.2% 
  • industry: 26.3% 
  • services: 62.5%

(2016 estimate)

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

N/A

Inflation
2013 2014 2015 2016* 2017*
2.8% -0.1% -0.2% 0.1% 0.8%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
29.0% 28.0% 26.1% 25.4% 24.8%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
34% 38.3% 38% 40.2% 40.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-3.8% -4.2% -3.5% -4% -3.5%

*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
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.3 billion (2017 estimate)

Current account balance by percentage of GDP

-2.4% (2017 estimate)

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

48.5% (2015)

Shares in world total merchandising export

0.03% (2015)

Shares in world total commercial services export

0.03% (2015)

Total exports

USD 3.2 billion (2016 estimate)

Export commodities

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

Total imports

USD 5.0 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

Germany 33.2%, Kosovo 11.5%, Bulgaria 5.1%, Greece 4.5% (2015)

Imports - major partners

Germany 15.9%, UK 13.6%, Greece 10.9%, Serbia 8.7%, Bulgaria 6.7%, Turkey 5.5%, Italy 4.7% (2015)

Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A 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

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

Overall ranking: 10 out of 190 countries (2017)

Subcategories:

Starting a business: 4 out of 190 countries

Enforcing Contracts: 36 out of 190 countries

Registering Property: 48 out of 190 countries

Getting Credit: 16 out of 190 countries

Protecting Minority Investors: 13 out of 190 countries

Trading Across Borders: 27 out of 190 countries

Paying Taxes: 9 out of 190 countries

Dealing with Construction Permits: 11 out of 190 countries

Getting Electricity: 29 out of 190 countries

Resolving Insolvency: 32 out of 190 countries

Global competitiveness ranking

68 out of 138 countries

(2014-2015)

Index of Economic Freedom

Ranking: 47 / Score: 67.47 (Moderately free) (2016)

(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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World's Best Banks

2013

Best of…

Additional Awards