Markets Actual Q2 Q3 Q4 Q1 2020
Currency 54.77 55.49 55.75 56.02 56.29 56.83
Stock Market (points) 3733.46 3829 3787 3745 3704 3623
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 4.10 2 2.3 2.6 2.2 2.4
Unemployment Rate (%) 17.80 19.7 19.1 18.6 17.7 16.5
Inflation Rate (%) 1.40 1.6 1.5 1.7 1.9 2.2
Interest Rate (%) 2.25 2.25 2 2 1.75 1.5
Balance of Trade (USD Thousands) -258765.00 -190000 -90000 -210000 -274000 -221000
Current Account to GDP (%) -0.30 -1.5 -1.5 -1.5 -1.7 -1.7
Government Debt to GDP (%) 40.70 42.5 42.5 42.5 43.1 43.1
Government Budget (% of GDP) -2.70 -2.5 -2.5 -2.5 -2.4 -2.4
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 4.10 2 2.3 2.6 2.2 2.4
GDP (USD Billion) 11.34 12.1 12.1 12.1 12.5 12.5
GDP Constant Prices (MKD Million) 156355.00 162822 174046 184315 183596 188738
Gross Fixed Capital Formation (MKD Million) 135317.85 136671 136874 138836 138295 142168
GDP per capita (USD) 5245.36 5500 5500 5500 5590 5590
GDP per capita PPP (USD) 13111.21 13800 13800 13800 13850 13850
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 17.80 19.7 19.1 18.6 17.7 16.5
Wages (MKD/Month) 36476.00 36809 36904 38937 37576 40490
Minimum Wages (MKD/Month) 12165.00 13400 13400 13400 14900 14900
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.40 1.6 1.5 1.7 1.9 2.2
Consumer Price Index CPI (Index Points) 113.19 115 115 115 115 117
Inflation Rate Mom (%) 0.50 0.1 0.1 0.2 0.2 0.2
Producer Prices (Index Points) 104.80 104 103 103 106 105
Producer Prices Change (%) 1.70 1.5 1.4 1.1 1.5 1.6
Food Inflation (%) 2.30 1.3 1.5 1.6 1.6 1.8
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.25 2.25 2 2 1.75 1.5
Deposit Interest Rate (%) 0.15 0.15 -0.1 -0.1 -0.35 -0.6
Lending Rate (%) 2.75 2.75 2.5 2.5 2.25 2
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Thousands) -258765.00 -190000 -90000 -210000 -274000 -221000
Current Account to GDP (%) -0.30 -1.5 -1.5 -1.5 -1.7 -1.7
Imports (USD Thousands) 853087.00 759000 716000 765000 811000 785000
Exports (USD Thousands) 594323.00 574000 625000 555000 537000 564000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 40.70 42.5 42.5 42.5 43.1 43.1
Government Budget (% of GDP) -2.70 -2.5 -2.5 -2.5 -2.4 -2.4
Government Spending (MKD Million) 25141.00 25440 25020 27029 26924 27678
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 18.00 18 18 18 18 18
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) 5.50 6.4 6.2 5.8 5.8 2.5
Business Confidence (Index Points) 31.80 31 21 20 20 15
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (MKD Million) 99274.00 110654 108801 114947 114499 117706
Retail Sales Yoy (%) 4.10 3.8 2.7 2.8 2.8 1
Gasoline Prices (USD/Liter) 1.31 1.17 1.14 1.11 1.09 1.09


This page has economic forecasts for Macedonia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Macedonia economy.