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. Macedonia Net Minimum Monthly Wage - values, historical data and charts - was last updated on October of 2020.

Minimum Wages in Macedonia is expected to reach 14900.00 MKD/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Net Minimum Monthly Wage is projected to trend around 16100.00 MKD/Month in 2021, according to our econometric models.

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Macedonia Net Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
12165.00 12008.00 12165.00 8050.00 2012 - 2018 MKD/Month Yearly
NSA

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.70 16.20 38.70 16.20 percent [+]
Employed Persons 793416.00 811106.00 811106.00 498867.00 [+]
Unemployed Persons 159623.00 156627.00 330724.00 156627.00 [+]
Wages 40640.00 40107.00 41087.00 20029.00 MKD/Month [+]
Population 2.08 2.08 2.10 1.38 Million [+]
Job Vacancies 9075.00 9053.00 9100.00 4604.00 [+]
Labor Force Participation Rate 56.53 57.40 57.80 50.30 percent [+]
Long Term Unemployment Rate 11.70 12.00 30.90 11.70 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 47.06 48.10 48.10 31.20 percent [+]
Full Time Employment 765.30 757.40 765.30 515.20 Thousand [+]
Wages In Manufacturing 33985.00 32930.00 34736.00 15955.00 MKD/Month [+]
Wage Growth 7.70 5.30 19.60 -4.50 percent [+]
Part Time Employment 35.50 32.10 50.20 21.70 Thousand [+]


Macedonia Net Minimum Monthly Wage
In Macedonia, minimum wage is the lowest monthly amount of the basic salary that the employer undertakes to pay to the employee for the work completed under full time and accomplished norm.