Turkey’s economy will grow stronger in the coming years, but remains overly dependent on domestic consumption funded by foreign finance, according to the latest OECD Economic Survey of Turkey.

Recent episodes of large exchange rate movements, such as for Japan or the United Kingdom, have typically not been associated with large changes in trade balances and despite the polarisation of international investment positions large currency fluctuations during the global crisis of 2008-09 did not cause significant financial dislocations.

This paper firstly describes the role of models in producing OECD global macroeconomic forecasts; secondly, reviews the OECD's forecasting track record; and finally, considers the relationship between forecast performance and models.

This paper provides a quantitative description of decoupling in OECD countries over the past two decades, with the results suggesting that it is explained by declines in both labour shares and the ratio of median to average wages (a partial measure of wage inequality).

This paper provides a quantitative description of decoupling in OECD countries over the past two decades, with the results suggesting that it is explained by declines in both labour shares and the ratio of median to average wages (a partial measure of wage inequality).

Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but surprisingly little research has been conducted on the determinants of MFP at the macroeconomic level.

This paper provides an overview of labour market resilience in the wake of the Great Recession of 2008-09 and the role played by macroeconomic and structural policies.

Effective macroeconomic and structural policies helped Turkey bounce back quickly and strongly from the global crisis, with annual growth averaging close to 9% over 2010-11

Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process.

The recent riots in Baltimore following the death of Freddy Gray bring a tragic focus, once again, on inequality. Maryland’s largest city, Baltimore is a perfect laboratory to study it, thanks in part to the superb comparative statistics the city keeps. OECD Insights Blog.

The objective of this paper is to define long-run prudent debt targets for OECD countries and country-specific fiscal rules. To this end, a semi-structural macroeconomic model for OECD countries and primary balance reaction functions are estimated.

IP Addresses in Macedonia decreased to 377561 IP in the first quarter of 2017 from 405430 IP in the fourth quarter of 2016. IP Addresses in Macedonia averaged 314796.03 IP from 2007 until 2017, reaching an all time high of 421547 IP in the fourth quarter of 2013 and a record low of 56872 IP in the third quarter of 2007. This page includes a chart with historical data for MacedoniaIP Addresses.

Temperature in Macedonia increased to 23.59 celsius in August from 22.33 celsius in July of 2013. Temperature in Macedonia averaged 10.38 celsius from 1743 until 2013, reaching an all time high of 24.69 celsius in July of 1757 and a record low of -6.20 celsius in January of 1942. This page includes a chart with historical data for Macedonia Temperature.

The Corporate Tax Rate in Macedonia stands at 10 percent. Corporate Tax Rate in Macedonia averaged 10.54 percent from 2006 until 2018, reaching an all time high of 15 percent in 2006 and a record low of 10 percent in 2008. In Macedonia, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Macedonia. This page provides - Macedonia Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Macedonia stands at 10 percent. Personal Income Tax Rate in Macedonia averaged 12.53 percent from 2004 until 2018, reaching an all time high of 24 percent in 2005 and a record low of 10 percent in 2008. In Macedonia, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Macedonia. This page provides - Macedonia Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Macedonia increased to 4344.40 EUR Million in the fourth quarter of 2019 from 4302.30 EUR Million in the third quarter of 2018. Government Debt in Macedonia averaged 3234.03 EUR Million from 2007 until 2019, reaching an all time high of 4344.40 EUR Million in the fourth quarter of 2019 and a record low of 1387 EUR Million in the fourth quarter of 2008. This page provides - Macedonia Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Macedonia recorded a government debt equivalent to 40.70 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Macedonia averaged 35.91 percent from 1999 until 2018, reaching an all time high of 57.20 percent in 2000 and a record low of 20.50 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Macedonia Government Debt to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Macedonia recorded a Current Account deficit of 0.30 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Macedonia averaged -4.07 percent from 1998 until 2018, reaching an all time high of -0.30 percent in 2018 and a record low of -12.70 percent in 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Macedonia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Military Expenditure in Macedonia decreased to 109 USD Million in 2018 from 112 USD Million in 2017. Military Expenditure in Macedonia averaged 136.48 USD Million from 1996 until 2018, reaching an all time high of 370 USD Million in 2001 and a record low of 102 USD Million in 1999.

The Gross Domestic Product per capita in Macedonia was last recorded at 5394.30 US dollars in 2018. The GDP per Capita in Macedonia is equivalent to 43 percent of the world's average. GDP per capita in Macedonia averaged 3973.77 USD from 1990 until 2018, reaching an all time high of 5394.30 USD in 2018 and a record low of 3057 USD in 1995. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Macedonia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The stocks of goods held by firms in Macedonia increased by 79359.30 MKD Million in 2018. Changes in Inventories in Macedonia averaged 27766.99 MKD Million from 2000 until 2018, reaching an all time high of 79359.30 MKD Million in 2018 and a record low of 7337 MKD Million in 2003. In Macedonia, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Macedonia Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Macedonia decreased to 130242.22 MKD Million in 2018 from 135317.85 MKD Million in 2017. Gross Fixed Capital Formation in Macedonia averaged 84941.86 MKD Million from 2000 until 2018, reaching an all time high of 143495.57 MKD Million in 2016 and a record low of 34716 MKD Million in 2001. This page provides - Macedonia Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Macedonia recorded a Government Budget deficit equal to 1.80 percent of the country's Gross Domestic Product in 2018. Government Budget in Macedonia averaged -2.32 percent of GDP from 1993 until 2018, reaching an all time high of 2.40 percent of GDP in 2000 and a record low of -13.40 percent of GDP in 1993. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Macedonia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Macedonia decreased to 96.23 Index Points in the third quarter of 2019 from 100.11 Index Points in the second quarter of 2019. Housing Index in Macedonia averaged 86.60 Index Points from 2000 until 2019, reaching an all time high of 102.94 Index Points in the fourth quarter of 2008 and a record low of 56.50 Index Points in the first quarter of 2000. This page provides - Macedonia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Macedonia increased to 629160 MKD Million in November from 624755 MKD Million in October of 2019. Banks Balance Sheet in Macedonia averaged 361440.82 MKD Million from 2003 until 2019, reaching an all time high of 629160 MKD Million in November of 2019 and a record low of 113541 MKD Million in January of 2003. This page provides the latest reported value for - Macedonia Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Macedonia scored 35 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Macedonia averaged 35.67 Points from 1999 until 2019, reaching an all time high of 45 Points in 2014 and a record low of 23 Points in 2003. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Macedonia Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Macedonia is the 106 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Macedonia averaged 83 from 1999 until 2019, reaching an all time high of 107 in 2017 and a record low of 62 in 2010. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Macedonia Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Macedonia stands at 18 percent. In Macedonia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Macedonia. This page provides - Macedonia Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Macedonia increased to 175684.63 MKD Million in December from 159560 MKD Million in November of 2019. Money Supply M1 in Macedonia averaged 69439.09 MKD Million from 2003 until 2019, reaching an all time high of 175684.63 MKD Million in December of 2019 and a record low of 23381.70 MKD Million in March of 2003. This page provides - Macedonia Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Macedonia increased to 344811.19 MKD Million in December from 328061 MKD Million in November of 2019. Money Supply M2 in Macedonia averaged 195140.86 MKD Million from 2003 until 2019, reaching an all time high of 344811.19 MKD Million in December of 2019 and a record low of 62068 MKD Million in February of 2003. This page provides - Macedonia Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Exports of Machinery & Equipment CMLV in Russia increased to 2824 USD Million in February from 1557.10 USD Million in January of 2020. Exports of Machinery & Equipment CMLV in Russia averaged 8395.17 USD Million from 1994 until 2020, reaching an all time high of 29059.81 USD Million in December of 2018 and a record low of 237.20 USD Million in January of 1994. Russia accounts for Exports of Machinery & Equipment using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Machinery & Equipment CMLV.

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.