Macedonia recorded a Current Account deficit of 188.10 USD Million in December of 2019. Current Account in Macedonia averaged -26.44 USD Million from 1998 until 2019, reaching an all time high of 107.80 USD Million in September of 2009 and a record low of -243.60 USD Million in November of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Macedonia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Macedonia expanded 3.40 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Macedonia averaged 2.76 percent from 2001 until 2019, reaching an all time high of 10.70 percent in the second quarter of 2005 and a record low of -12.70 percent in the third quarter of 2001. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by gross fixed capital formation (31 percent) and government expenditure (17 percent). Exports of goods and services account for 48 percent while imports account for 65 percent, subtracting 17 percent of total GDP. This page provides - Macedonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Macedonia decreased to 16.60 percent in the fourth quarter of 2019 from 17.10 percent in the third quarter of 2019. Unemployment Rate in Macedonia averaged 30.01 percent from 1993 until 2019, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 16.60 percent in the fourth quarter of 2019. In Macedonia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Macedonia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Macedonia increased to 807362 in the fourth quarter of 2019 from 799546 in the third quarter of 2019. Employed Persons in Macedonia averaged 656076.11 from 2004 until 2019, reaching an all time high of 807362 in the fourth quarter of 2019 and a record low of 498867 in the fourth quarter of 2004. In Macedonia, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Macedonia Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Macedonia increased to 47.90 percent in the fourth quarter of 2019 from 47.40 percent in the third quarter of 2019. Employment Rate in Macedonia averaged 39.63 percent from 2004 until 2019, reaching an all time high of 47.90 percent in the fourth quarter of 2019 and a record low of 31.20 percent in the fourth quarter of 2004. In Macedonia, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Macedonia Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Macedonia was worth 13.20 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Macedonia represents 0.01 percent of the world economy. GDP in Macedonia averaged 7.06 USD Billion from 1990 until 2019, reaching an all time high of 13.20 USD Billion in 2019 and a record low of 2.44 USD Billion in 1992. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Macedonia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Macedonia was estimated at 2.1 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Macedonia had a population of 1.4 million people. The population of Macedonia represents 0.03 percent of the world´s total population which arguably means that one person in every 3385 people on the planet is a resident of Macedonia. This page provides - Macedonia Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Macedonia increased to 35.20 points in February from 34.40 points in January of 2020. Business Confidence in Macedonia averaged 8 points from 2001 until 2020, reaching an all time high of 35.20 points in February of 2020 and a record low of -35.80 points in August of 2001. In Macedonia, the Business Tendency Survey in Manufacturing industry is a qualitative survey that uses opinion-testing techniques and collects a sample of 250 business entities classified in the division No 15 to 36 of the National Classification of Activities (NACE). It collects qualitative (good, satisfactory, bad, up, unchanged, down etc.), not quantitative (numerical) data from business managers on their assessment of the current situation of the main economic indicators in their business entities and their expectations for the directions of movements of those indicators in the near future. The data is presented in the form of balances, obtained by taking the difference between weighted positive and negative answers expressed in percent. This page provides - Macedonia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Macedonia increased 1.70 percent in February of 2020 over the same month in the previous year. Core Inflation Rate in Macedonia averaged 1.63 percent from 2006 until 2020, reaching an all time high of 8.10 percent in June of 2008 and a record low of -2.20 percent in November of 2009. In Macedonia, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as energy, liquid fuels and lubricants and unprocessed food. This page provides - Macedonia Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Macedonia was last recorded at 1.75 percent. Interest Rate in Macedonia averaged 5.46 percent from 2002 until 2020, reaching an all time high of 15.21 percent in December of 2002 and a record low of 1.75 percent in March of 2020. In Macedonia, interest rates decisions are taken by the National Bank of the Republic of Macedonia. The National Bank of the Republic of Macedonia official interest rate is the Central Bank bills rate. This page provides the latest reported value for - Macedonia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

ICU Beds in Macedonia averaged 332.47 per 100K people from 1980 until 2013, reaching an all time high of 370.44 per 100K people in December of 1991 and a record low of 300.96 per 100K people in December of 2012. This page includes a chart with historical data for Macedonia ICU Beds.

Industrial Production in Macedonia decreased 13.40 percent in March of 2020 over the same month in the previous year. Industrial Production in Macedonia averaged 1.99 percent from 2005 until 2020, reaching an all time high of 24.50 percent in March of 2011 and a record low of -14.50 percent in June of 2009. In Macedonia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Macedonia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Macedonia recorded a government budget deficit of 3103 MKD Million in March of 2020. Government Budget Value in Macedonia averaged -1034.34 MKD Million from 2006 until 2020, reaching an all time high of 4291 MKD Million in August of 2007 and a record low of -11373 MKD Million in December of 2008. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Macedonia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Macedonia decreased to 674870 USD Thousands in March from 785264 USD Thousands in February of 2020. Imports in Macedonia averaged 493020.18 USD Thousands from 1994 until 2020, reaching an all time high of 900855 USD Thousands in October of 2018 and a record low of 152532 USD Thousands in February of 2003. Macedonia imports crude oil, platinum and platinum alloys, motor vehicles and electricity. Main imports partners are Germany, UK, Bulgaria, Italy, Greece and Russia. This page provides the latest reported value for - Macedonia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Standard & Poor's credit rating for Macedonia stands at BB- with stable outlook. Fitch's credit rating for Macedonia was last reported at BB+ with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Macedonia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Macedonia as reported by major credit rating agencies.

Macedonia recorded 1622 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Macedonia reported 90 Coronavirus Deaths. This page includes a chart with historical data for Macedonia Coronavirus Cases.

Macedonia recorded 91 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Macedonia reported 1622 Coronavirus Cases. This page includes a chart with historical data for Macedonia Coronavirus Deaths.

Macedonia recorded 1112 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Macedonia reported 91 Coronavirus Deaths. This page includes a chart with historical data for Macedonia Coronavirus Recovered.

Producer Prices in Macedonia increased 2.30 percent in February of 2020 over the same month in the previous year. Producer Prices Change in Macedonia averaged 1.24 percent from 2011 until 2020, reaching an all time high of 20.57 percent in February of 2011 and a record low of -5.50 percent in October of 2015. In Macedonia, the industrial producer price indices measure the changes of the industrial producer price levels of the industrial products/services produced in the country and sold on the domestic market and the non-domestic market. The sample of 2010 (as base year) for the industrial producer price indices covers 394 enterprises with 1274 industrial products/services. This page provides the latest reported value for - Macedonia Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Macedonia was recorded at -0.10 percent in April of 2020. Inflation Rate in Macedonia averaged 1.62 percent from 2006 until 2020, reaching an all time high of 9.90 percent in June of 2008 and a record low of -2.10 percent in December of 2009. In Macedonia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (40.9 percent of total weight). Housing and Utilities accounts for 13.8 percent; Transport for 7.9 percent; Clothing and Footwear for 7 percent; Restaurants and Hotels for 5.5 percent and Furniture, Household Goods and Maintenance for 5.4 percent. Miscellaneous Goods and Services; Alcoholic beverages and Tobacco ; Health; Communication; Recreation and Culture and Education account for the remaining 19.5 percent of total weight. This page provides the latest reported value for - Macedonia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Macedonia increased 0.10 percent in April of 2020 over the previous month. Inflation Rate Mom in Macedonia averaged 0.16 percent from 1999 until 2020, reaching an all time high of 4.10 percent in April of 2000 and a record low of -2.80 percent in April of 1999. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides the latest reported value for - Macedonia Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Macedonia increased 5.50 percent in December of 2019 over the same month in the previous year. Wage Growth in Macedonia averaged 2.02 percent from 2008 until 2019, reaching an all time high of 19.60 percent in June of 2009 and a record low of -4.50 percent in May of 2011. This page provides - Macedonia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages In Manufacturing in Macedonia increased to 34718 MKD/Month in December from 32505 MKD/Month in November of 2019. Wages In Manufacturing in Macedonia averaged 22859.57 MKD/Month from 2005 until 2019, reaching an all time high of 34718 MKD/Month in December of 2019 and a record low of 15955 MKD/Month in April of 2006. In Macedonia, wages in manufacturing are benchmarked using average gross salaries. This page provides - Macedonia Wages In Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Macedonia increased to 12165 MKD/Month in 2018 from 12008 MKD/Month in 2017. Minimum Wages in Macedonia averaged 9820.43 MKD/Month from 2012 until 2018, reaching an all time high of 12165 MKD/Month in 2018 and a record low of 8050 MKD/Month in 2013. This page provides - Macedonia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Macedonia decreased to 40588 MKD/Month in February from 41087 MKD/Month in January of 2020. Wages in Macedonia averaged 29509.68 MKD/Month from 2003 until 2020, reaching an all time high of 41087 MKD/Month in January of 2020 and a record low of 20029 MKD/Month in January of 2004. In Macedonia, wages are benchmarked using average gross salaries. This page provides - Macedonia Gross Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core Consumer Prices in Macedonia increased to 113.69 points in February from 113.62 points in January of 2020. Core Consumer Prices in Macedonia averaged 103.65 points from 2005 until 2020, reaching an all time high of 113.89 points in August of 2019 and a record low of 89.65 points in August of 2005. In Macedonia, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as energy, liquid fuels and lubricants and unprocessed food. This page provides - Macedonia Core Consumer Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Macedonia decreased to 478632 USD Thousands in March from 567161 USD Thousands in February of 2020. Exports in Macedonia averaged 327945.49 USD Thousands from 1994 until 2020, reaching an all time high of 691351 USD Thousands in October of 2018 and a record low of 78768 USD Thousands in January of 2003. Macedonia's main exports partners are Germany (around 25% of exports), Italy, Greece, Bulgaria and Serbia. Macedonia exports mostly supported catalysts with precious metal or precious metal compounds as the active substance, ferro-nickel, iron and steel products (flat-rolled products), clothes, and petroleum oil preparations. This page provides the latest reported value for - Macedonia Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports Intra Eu - Woven Fabrics,Tuft Textile, Lace & Tapestries in the United Kingdom decreased to 9.01 GBP Million in February from 9.84 GBP Million in January of 2020. Imports Intra Eu - Woven Fabrics,Tuft Textile, Lac in the United Kingdom averaged 11.25 GBP Million from 1996 until 2020, reaching an all time high of 17.98 GBP Million in November of 2001 and a record low of 4.86 GBP Million in August of 2009. This page includes a chart with historical data for the United Kingdom Imports of Intra EU - Woven Fabrics,tuft Textile,.

Imports of Intra EU - Pharmaceutical Products in the United Kingdom decreased to 1002.66 GBP Million in February from 1303.57 GBP Million in January of 2020. Imports of Intra EU - Pharmaceutical Products in the United Kingdom averaged 746.54 GBP Million from 1996 until 2020, reaching an all time high of 2706.48 GBP Million in March of 2019 and a record low of 119.69 GBP Million in April of 1996. This page includes a chart with historical data for the United Kingdom Imports of Intra EU - Pharmaceutical Products.

Imports Intra Eu - Meat, Fish & Crustaceans & Aquatics Prepared in the United Kingdom increased to 180.31 GBP Million in February from 170.38 GBP Million in January of 2020. Imports Intra Eu - Meat, Fish & Crustaceans & Aqua in the United Kingdom averaged 99.52 GBP Million from 1996 until 2020, reaching an all time high of 205.96 GBP Million in March of 2019 and a record low of 30.19 GBP Million in February of 1997. This page includes a chart with historical data for the United Kingdom Imports of Intra EU - Meat, Fish & Crustaceans &.

Imports - Woven Fabrics,Tufted Textile, Lace & Tapestries in the United Kingdom decreased to 16.48 GBP Million in February from 23.62 GBP Million in January of 2020. Imports - Woven Fabrics,Tufted Textile, Lace & Tap in the United Kingdom averaged 18.81 GBP Million from 2000 until 2020, reaching an all time high of 27.20 GBP Million in March of 2017 and a record low of 11.68 GBP Million in August of 2009. This page includes a chart with historical data for the United Kingdom Imports of Woven Fabrics,tufted Textile, Lace & T.

The number of unemployed persons in Macedonia decreased to 161242 in the fourth quarter of 2019 from 164702 in the third quarter of 2019. Unemployed Persons in Macedonia averaged 272943.20 from 2004 until 2019, reaching an all time high of 330724 in the second quarter of 2005 and a record low of 161242 in the fourth quarter of 2019. In Macedonia, unemployed persons are individuals who are without a job and actively seeking to work. This page provides - Macedonia Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

External Debt in Macedonia increased to 8575.28 EUR Million in the third quarter of 2019 from 8334.63 EUR Million in the second quarter of 2019. External Debt in Macedonia averaged 5156.47 EUR Million from 2004 until 2019, reaching an all time high of 8575.28 EUR Million in the third quarter of 2019 and a record low of 2080.17 EUR Million in the fourth quarter of 2004. This page provides - Macedonia External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M0 in Macedonia increased to 36104.79 MKD Million in December from 33124.40 MKD Million in November of 2019. Money Supply M0 in Macedonia averaged 19801.60 MKD Million from 2003 until 2019, reaching an all time high of 36104.79 MKD Million in December of 2019 and a record low of 11852 MKD Million in March of 2003. This page provides - Macedonia Money Supply M0- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home Ownership Rate in Macedonia decreased to 88.30 percent in 2018 from 88.70 percent in 2017. Home Ownership Rate in Macedonia averaged 89.24 percent from 2011 until 2018, reaching an all time high of 90.60 percent in 2015 and a record low of 87.30 percent in 2013. This page provides - Macedonia Home Ownership Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Macedonia scored 57.33 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Macedonia averaged 12.18 Points from 2007 until 2019, reaching an all time high of 57.33 Points in 2019 and a record low of 3.73 Points in 2008. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Macedonia Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Constant Prices in Macedonia increased to 183971 MKD Million in the fourth quarter of 2019 from 172937 MKD Million in the third quarter of 2019. GDP Constant Prices in Macedonia averaged 115125.09 MKD Million from 2003 until 2019, reaching an all time high of 183971 MKD Million in the fourth quarter of 2019 and a record low of 59063 MKD Million in the first quarter of 2003. This page provides - Macedonia GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Manufacturing Production in Macedonia decreased 14.30 percent in March of 2020 over the same month in the previous year. Manufacturing Production in Macedonia averaged 2.56 percent from 2001 until 2020, reaching an all time high of 38.50 percent in August of 2004 and a record low of -23.60 percent in January of 2002. This page provides - Macedonia Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Macedonia increased to 113.79 points in March from 113.57 points in February of 2020. Consumer Price Index CPI in Macedonia averaged 100.87 points from 2002 until 2020, reaching an all time high of 114.62 points in May of 2019 and a record low of 84.91 points in July of 2002. In Macedonia, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page provides the latest reported value for - Macedonia Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Construction output in Macedonia increased 17.20 percent in December of 2019 over the same month in the previous year. Construction Output in Macedonia averaged 12.95 percent from 2006 until 2019, reaching an all time high of 156.50 percent in February of 2013 and a record low of -53.50 percent in February of 2012. The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering. This page provides the latest reported value for - Macedonia Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves in Macedonia remained unchanged at 6.90 Tonnes in the fourth quarter of 2019 from 6.90 Tonnes in the third quarter of 2019. Gold Reserves in Macedonia averaged 6.28 Tonnes from 2000 until 2019, reaching an all time high of 6.90 Tonnes in the first quarter of 2018 and a record low of 2.76 Tonnes in the third quarter of 2003. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Macedonia Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports of Medicinal & Parmaceutical Products in Singapore decreased to 1109.05 SGD Million in March from 1364.31 SGD Million in February of 2020. Exports of Medicinal & Parmaceutical Products in Singapore averaged 922.42 SGD Million from 2014 until 2020, reaching an all time high of 1368.82 SGD Million in January of 2020 and a record low of 552.26 SGD Million in December of 2014. This page includes a chart with historical data for Singapore Exports of Medicinal & Parmaceutical Products.

Exports of Pharmaceuticals in France increased to 3874 EUR Million in March from 2668 EUR Million in February of 2020. Exports of Pharmaceuticals in France averaged 2022.39 EUR Million from 2000 until 2020, reaching an all time high of 3874 EUR Million in March of 2020 and a record low of 918 EUR Million in April of 2000. This page includes a chart with historical data for France Export: Pharmaceuticals.

Part Time Employment in Macedonia increased to 35.50 Thousand in the fourth quarter of 2019 from 32.10 Thousand in the third quarter of 2019. Part Time Employment in Macedonia averaged 33.76 Thousand from 2006 until 2019, reaching an all time high of 50.20 Thousand in the first quarter of 2011 and a record low of 21.70 Thousand in the first quarter of 2016. This page provides - Macedonia Part Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Macedonia recorded a capital and financial account deficit of 171.60 USD Million in December of 2019. Capital Flows in Macedonia averaged -24.60 USD Million from 2001 until 2019, reaching an all time high of 133.60 USD Million in September of 2009 and a record low of -240.20 USD Million in November of 2008. This page provides - Macedonia Capital Flows- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Macedonia was last recorded at 13483.42 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Macedonia, when adjusted by Purchasing Power Parity is equivalent to 76 percent of the world's average. GDP per capita PPP in Macedonia averaged 9932.69 USD from 1990 until 2018, reaching an all time high of 13483.42 USD in 2018 and a record low of 7641.16 USD in 1995. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Macedonia GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Credit in Macedonia increased to 174634 MKD Million in March from 174395 MKD Million in February of 2020. Consumer Credit in Macedonia averaged 95934.23 MKD Million from 2005 until 2020, reaching an all time high of 174634 MKD Million in March of 2020 and a record low of 21625 MKD Million in December of 2005. This page provides - Macedonia Consumer Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in Macedonia increased to 103.60 percent in 2018 from 103.50 percent in 2017. GDP Deflator in Macedonia averaged 173.09 percent from 1991 until 2018, reaching an all time high of 1371.80 percent in 1992 and a record low of 99.83 percent in 2004. This page provides - Macedonia GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Macedonia expanded 3.90 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Macedonia averaged 3.26 percent from 2004 until 2014, reaching an all time high of 8.20 percent in the second quarter of 2005 and a record low of -2.40 percent in the second quarter of 2009. Macedonia has a small, open market economy with one of the lowest GDP per capita in Europe. The main sectors of the Macedonian economy are services (more than 50 percent of GDP) and industry (30 percent of GDP). The textile sector is the main source of foreign trade and accounts for more than 50 percent of total exports. Macedonia also produces iron, steel, wine and vegetables. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by gross fixed capital formation (31 percent) and government expenditure (17 percent). Exports of goods and services account for 48 percent while imports account for 65 percent, subtracting 17 percent of total GDP. This page provides - Macedonia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Building Permits in Macedonia decreased to 248 in February from 264 in January of 2020. Building Permits in Macedonia averaged 245.52 from 2008 until 2020, reaching an all time high of 400 in October of 2017 and a record low of 121 in September of 2013. This page provides - Macedonia Building Permits- actual values, historical data, forecast, chart, statistics, economic calendar and news.