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.

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.

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.

Producer Prices in Macedonia increased to 106 points in February from 105.70 points in January of 2020. Producer Prices in Macedonia averaged 105.24 points from 2010 until 2020, reaching an all time high of 115.70 points in September of 2012 and a record low of 92.70 points in January of 2010. 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 - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Macedonia recorded a trade deficit of 196237 USD Thousands in March of 2020. Balance of Trade in Macedonia averaged -165074.68 USD Thousands from 1994 until 2020, reaching an all time high of -54372 USD Thousands in September of 2006 and a record low of -320202 USD Thousands in December of 2019. 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. Macedonia imports crude oil, platinum and platinum alloys, motor vehicles and electricity. Macedonia's most important trading partners are Germany, Serbia, Bulgaria, Russia and Greece (44.0% of the total international commodity trade). This page provides the latest reported value for - Macedonia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Macedonia is ranked 17 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Macedonia deteriorated to 17 in 2019 from 10 in 2018. Ease of Doing Business in Macedonia averaged 24.67 from 2008 until 2019, reaching an all time high of 69 in 2008 and a record low of 10 in 2016. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Macedonia.

Consumer Spending in Macedonia increased to 117921 MKD Million in the fourth quarter of 2019 from 114811 MKD Million in the third quarter of 2019. Consumer Spending in Macedonia averaged 82558.10 MKD Million from 2003 until 2019, reaching an all time high of 117921 MKD Million in the fourth quarter of 2019 and a record low of 48142 MKD Million in the first quarter of 2005. This page provides - Macedonia Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Macedonia decreased to 0.30 in 2018 from 0.65 in 2017. Terrorism Index in Macedonia averaged 2.24 from 2002 until 2018, reaching an all time high of 4.50 in 2002 and a record low of 0.30 in 2018. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Government Spending in Macedonia increased to 28133 MKD Million in the fourth quarter of 2019 from 25093 MKD Million in the third quarter of 2019. Government Spending in Macedonia averaged 19831.57 MKD Million from 2003 until 2019, reaching an all time high of 28133 MKD Million in the fourth quarter of 2019 and a record low of 11939 MKD Million in the first quarter of 2003. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Macedonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourist Arrivals in Macedonia decreased to 473 Hundreds in February from 553 Hundreds in January of 2020. Tourist Arrivals in Macedonia averaged 587.70 Hundreds from 2003 until 2020, reaching an all time high of 2163 Hundreds in August of 2019 and a record low of 210 Hundreds in February of 2006. This page provides - Macedonia Tourist Arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The MBI 10 decreased 286 points or 6.15% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Macedonia. Historically, the Macedonia Stock Market Index (MBI 10) reached an all time high of 10057.77 in August of 2007.

Labor Force Participation Rate in Macedonia increased to 57.47 percent in the fourth quarter of 2019 from 57.20 percent in the third quarter of 2019. Labor Force Participation Rate in Macedonia averaged 56.19 percent from 2004 until 2019, reaching an all time high of 57.80 percent in the fourth quarter of 2010 and a record low of 50.30 percent in the fourth quarter of 2004. This page provides - Macedonia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Macedonia is the 82 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Macedonia averaged 78.38 from 2007 until 2019, reaching an all time high of 94 in 2008 and a record low of 60 in 2016. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing 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. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables 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. This page provides the latest reported value for - Macedonia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Deposit Interest Rate in Macedonia remained unchanged at 0.15 percent in March from 0.15 percent in February of 2020. Deposit Interest Rate in Macedonia averaged 0.42 percent from 2012 until 2020, reaching an all time high of 1 percent in May of 2012 and a record low of 0.15 percent in March of 2018. The Deposit Interest Rate in Croatia refers to the rate banks receive on the overnight deposit with the National Bank of the Republic of Macedonia. This page includes a chart with historical data for Deposit Interest Rate in Macedonia.

Full Time Employment in Macedonia increased to 765.30 Thousand in the fourth quarter of 2019 from 757.40 Thousand in the third quarter of 2019. Full Time Employment in Macedonia averaged 632.11 Thousand from 2006 until 2019, reaching an all time high of 765.30 Thousand in the fourth quarter of 2019 and a record low of 515.20 Thousand in the second quarter of 2006. This page provides - Macedonia Full Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Steel Production in Macedonia decreased to 20 Thousand Tonnes in March from 23.90 Thousand Tonnes in February of 2020. Steel Production in Macedonia averaged 20.93 Thousand Tonnes from 1995 until 2020, reaching an all time high of 40 Thousand Tonnes in September of 2018 and a record low of 0 Thousand Tonnes in February of 1995. This page has Steel Production values for Macedonia.

Lending Rate in Macedonia remained unchanged at 2.50 percent in March from 2.50 percent in February of 2020. Lending Rate in Macedonia averaged 9.10 percent from 2000 until 2020, reaching an all time high of 23 percent in June of 2001 and a record low of 2.50 percent in January of 2020. This page provides - Macedonia Overnight Credit Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Macedonia decreased to 15160 MKD Million in March from 15729 MKD Million in February of 2020. Government Revenues in Macedonia averaged 12465.52 MKD Million from 2006 until 2020, reaching an all time high of 20711 MKD Million in December of 2019 and a record low of 6756 MKD Million in February of 2006. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Macedonia Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Macedonia increased by 40.82 EUR Million in September of 2019. Foreign Direct Investment in Macedonia averaged 31.04 EUR Million from 2003 until 2019, reaching an all time high of 344.80 EUR Million in November of 2006 and a record low of -62.66 EUR Million in June of 2017. This page provides the latest reported value for - Macedonia Foreign Direct Investment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Long Term Unemployment Rate in Macedonia decreased to 12 percent in the fourth quarter of 2019 from 12.40 percent in the third quarter of 2019. Long Term Unemployment Rate in Macedonia averaged 23.27 percent from 2006 until 2019, reaching an all time high of 30.90 percent in the third quarter of 2006 and a record low of 11.90 percent in the second quarter of 2019. In Macedonia, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market. This page provides - Macedonia Long Term Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gasoline Prices in Macedonia remained unchanged at 0.87 USD/Liter in April from 0.87 USD/Liter in March of 2020. Gasoline Prices in Macedonia averaged 1.23 USD/Liter from 1995 until 2020, reaching an all time high of 1.82 USD/Liter in March of 2013 and a record low of 0.70 USD/Liter in December of 1998. This page provides the latest reported value for - Macedonia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retail Sales in Macedonia decreased 8.80 percent in March of 2020 over the same month in the previous year. Retail Sales Yoy in Macedonia averaged 1.60 percent from 2011 until 2020, reaching an all time high of 15.70 percent in March of 2016 and a record low of -16.80 percent in January of 2014. In Macedonia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides the latest reported value for - Macedonia Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Fiscal Expenditure in Macedonia decreased to 18263 MKD Million in March from 18820 MKD Million in February of 2020. Fiscal Expenditure in Macedonia averaged 13519.46 MKD Million from 2006 until 2020, reaching an all time high of 26878 MKD Million in December of 2019 and a record low of 6855 MKD Million in January of 2007. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Macedonia Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Job Vacancies in Macedonia increased to 7791 in the third quarter of 2019 from 7430 in the second quarter of 2019. Job Vacancies in Macedonia averaged 6687.52 from 2012 until 2019, reaching an all time high of 9100 in the first quarter of 2019 and a record low of 4604 in the third quarter of 2013. This page provides - Macedonia Job Vacancies- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank Balance Sheet in Macedonia decreased to 220395 MKD Million in December from 240462 MKD Million in November of 2019. Central Bank Balance Sheet in Macedonia averaged 133177.41 MKD Million from 2003 until 2019, reaching an all time high of 240462 MKD Million in November of 2019 and a record low of 55370.90 MKD Million in January of 2005. This page provides the latest reported value for - Macedonia Central Bank Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food in Macedonia increased 1.30 percent in April of 2020 over the same month in the previous year. Food Inflation in Macedonia averaged 1.72 percent from 2003 until 2020, reaching an all time high of 20.40 percent in April of 2008 and a record low of -6 percent in January of 2005. This page provides the latest reported value for - Macedonia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Honorary Consulate of India, Skopje
Kemofarm Doo, Boca Ivanova bb,
Skopje 1000, Macedonia(Republic of)
[R]: Skupi 6, No.33, Skopje 1000.
[*Under Embassy of India, Sofia].

Telephone: 00-389-2-2603604, 26033616 (O), 3090600 (R), +70204025 (M)
Fax: 00-389-2-2603649
E-Mail: krste.isirov@kemofarm.com.mk (O & R)
Website: www.kemofarm.com.mk , www.indembsofia.org

Honorary Consul*
Mr. Krste Isirov

In the aftermath of the US elections, documentary photographer Guy Martin travelled to Veles, Macedonia to find out why this small town became the heart of the fake news scandal. These are the photos he took.