Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Currency 56.65 57.58 58.59 59.61 60.64
Stock Market (points) 5829.30 5711 5585 5462 5341

Overview Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 2.00 2.2 1.5 2.8 2.9
Inflation Rate (%) 14.20 13 10 8 7
Interest Rate (%) 4.75 4.75 4.75 4.75 4.5
Government Budget (% of GDP) -5.40 -4.6
Corporate Tax Rate (%) 10.00 10
Personal Income Tax Rate (%) 10.00 10
Current Account to GDP (% of GDP) -3.50 -2.5
Government Debt to GDP (% of GDP) 51.80 53

GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 2.00 2.2 1.5 2.8 2.9
GDP (USD Billion) 13.88 14.3
GDP Constant Prices (MKD Million) 201993.00 184814 205931 207649 207851
Gross Fixed Capital Formation (MKD Million) 162392.00 167101
Full Year GDP Growth (%) 4.00 3

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Wages (MKD/Month) 49397.00 44759 46348 47867 49051
Wage Growth (%) -4.80 -3.6 -2.7 -1.8 -0.7
Minimum Wages (MKD/Month) 18000.00 19600

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 14.20 13 10 8 7
Consumer Price Index CPI (points) 144.65 143 149 153 155
GDP Deflator (%) 106.10 114
Inflation Rate MoM (%) -0.20 0.3 0.3
Food Inflation (%) 20.90 20.8 12 8 5
Core Consumer Prices (points) 140.92 129 136 144
Core Inflation Rate (%) 17.40 3.7 3 2.5
Producer Prices (points) 140.00 147 150 148 147
Producer Prices Change (%) 13.80 9.6 7.8 5.9 4.7

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 4.75 4.75 4.75 4.75 4.5
Deposit Interest Rate (%) 2.65 2.65 2.65 2.65 2.4
Lending Rate (%) 5.25 5.25 5.25 5.25 5

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Tourist Arrivals (Hundreds) 569.00 350 600 405
Current Account to GDP (% of GDP) -3.50 -2.5

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Budget (% of GDP) -5.40 -4.6
Government Spending (MKD Million) 31057.00 30049 30837 31927 31958
Government Debt to GDP (% of GDP) 51.80 53

Taxes Actual Q1/23 Q2/23 Q3/23 Q4/23
Corporate Tax Rate (%) 10.00 10
Personal Income Tax Rate (%) 10.00 10
Sales Tax Rate (%) 18.00 18

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Business Confidence (points) 24.40 17.2 16.5 18.3 20.2

Consumer Actual Q1/23 Q2/23 Q3/23 Q4/23
Consumer Spending (MKD Million) 143861.00 122172 141340 147889 148033
Gasoline Prices (USD/Liter) 1.47 1.59 1.65 1.71 1.78
Consumer Credit (MKD Million) 214965.00 208001 211969 217953 221199
Retail Sales YoY (%) 0.80 1.2 1.3