Wages in Macedonia increased 5 percent in October of 2019 over the same month in the previous year.

Wage Growth in Macedonia averaged 1.97 percent from 2008 until 2019, reaching an all time high of 19.60 percent in June of 2009 and a record low of -4.50 percent in May of 2011. This page provides - Macedonia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wage Growth in Macedonia is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Macedonia to stand at 3.27 in 12 months time. In the long-term, the Macedonia Real Wage Growth is projected to trend around 3.79 percent in 2020, according to our econometric models.


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Macedonia Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.30 19.60 -4.50 2008 - 2019 percent Monthly
NSA
Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.10 17.50 38.70 17.10 percent [+]
Employed Persons 799546.00 794283.00 799546.00 498867.00 [+]
Unemployed Persons 164702.00 168180.00 330724.00 164702.00 [+]
Wages 38319.00 38227.00 38319.00 20029.00 MKD/Month [+]
Population 2.08 2.07 2.10 1.38 Million [+]
Part Time Employment 32.10 34.20 50.20 21.70 Thousand [+]
Wages In Manufacturing 32128.00 31588.00 32128.00 15955.00 MKD/Month [+]
Wage Growth 5.00 5.30 19.60 -4.50 percent [+]
Job Vacancies 7430.00 9100.00 9100.00 4604.00 [+]
Labor Force Participation Rate 57.20 57.10 57.80 50.30 percent [+]
Long Term Unemployment Rate 12.40 11.90 30.90 11.90 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 47.40 47.13 47.40 31.20 percent [+]
Full Time Employment 757.40 750.40 757.40 515.20 Thousand [+]