Markets Actual Q3 Q4 Q1 Q2 2020
Currency 55.25 54.62 54.87 55.12 55.36 55.86
Stock Market (points) 4084.65 3973 3937 3902 3867 3798
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.10 2.3 2.6 2.2 2.8 2.4
Unemployment Rate (%) 17.50 17.2 17 16.6 16.4 15.7
Inflation Rate (%) 0.80 0.9 1.6 1.9 2 2.2
Interest Rate (%) 2.25 2 1.75 1.75 1.75 1.5
Balance of Trade (USD Thousands) -205472.00 -90000 -210000 -274000 -185000 -221000
Current Account to GDP (%) -0.30 -1.5 -1.5 -1.7 -1.7 -1.7
Government Debt to GDP (%) 40.70 42.5 42.5 43.1 43.1 43.1
Government Budget (% of GDP) -2.70 -2.5 -2.5 -2.4 -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 Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.10 2.3 2.6 2.2 2.8 2.4
GDP (USD Billion) 12.67 13.2 13.2 14 14 14
GDP Constant Prices (MKD Million) 165968.00 175939 184315 159795 170615 188738
Gross Fixed Capital Formation (MKD Million) 135317.85 138362 138836 138295 139107 142168
GDP per capita (USD) 5394.30 5500 5500 5700 5700 5700
GDP per capita PPP (USD) 13483.42 13800 13800 14500 14500 14500
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 17.50 17.2 17 16.6 16.4 15.7
Wages (MKD/Month) 37440.00 36904 38937 37576 37576 40490
Minimum Wages (MKD/Month) 12165.00 13400 13400 14900 14900 14900
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.80 0.9 1.6 1.9 2 2.2
Consumer Price Index CPI (Index Points) 113.56 114 115 115 116 117
Inflation Rate Mom (%) 0.30 0.1 0.2 0.2 0.2 0.2
Producer Prices (Index Points) 104.50 103 103 106 106 105
Producer Prices Change (%) 2.30 1.4 1.1 1.5 1.6 1.6
Food Inflation (%) 1.80 1.5 1.6 1.6 1.6 1.8
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.25 2 1.75 1.75 1.75 1.5
Deposit Interest Rate (%) 0.15 -0.1 -0.35 -0.35 -0.35 -0.6
Lending Rate (%) 2.75 2.5 2.25 2.25 2.25 2
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Thousands) -205472.00 -90000 -210000 -274000 -185000 -221000
Current Account to GDP (%) -0.30 -1.5 -1.5 -1.7 -1.7 -1.7
Imports (USD Thousands) 839024.00 716000 765000 811000 768000 785000
Exports (USD Thousands) 633552.00 625000 555000 537000 583000 564000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 40.70 42.5 42.5 43.1 43.1 43.1
Government Budget (% of GDP) -2.70 -2.5 -2.5 -2.4 -2.4 -2.4
Government Spending (MKD Million) 26273.00 25293 27029 25694 27009 27678
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Industrial Production (%) 5.80 6.2 5.8 5.8 5.8 2.5
Business Confidence (Index Points) 32.10 25 20 20 17 15
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (MKD Million) 114552.00 109984 114947 101458 117759 117706
Retail Sales Yoy (%) 8.00 2.7 2.8 2.8 2.8 1
Gasoline Prices (USD/Liter) 1.20 1.17 1.14 1.1 1.07 1.07


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.