Markets Actual Q3 Q4 Q1 Q2 2020
Currency 54.38 55.26 55.51 55.76 56.01 56.51
Stock Market (points) 3931.95 3894 3859 3824 3790 3722
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 4.10 2.3 2.6 2.2 2.8 2.4
Unemployment Rate (%) 17.80 19.1 18.6 17.7 17.7 16.5
Inflation Rate (%) 0.80 1.5 1.7 1.9 2 2.2
Interest Rate (%) 2.25 2 2 1.75 1.75 1.5
Balance of Trade (USD Thousands) -93041.00 -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 (%) 4.10 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) 156355.00 174046 184315 183596 159795 188738
Gross Fixed Capital Formation (MKD Million) 135317.85 136874 138836 138295 138295 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 (%) 17.80 19.1 18.6 17.7 17.7 16.5
Wages (MKD/Month) 37520.00 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 1.5 1.7 1.9 2 2.2
Consumer Price Index CPI (Index Points) 113.35 115 115 115 116 117
Inflation Rate Mom (%) 0.20 0.1 0.2 0.2 0.2 0.2
Producer Prices (Index Points) 104.10 102 103 103 106 104
Producer Prices Change (%) 1.40 1.4 1.1 1.5 1.6 1.6
Food Inflation (%) 1.00 1.5 1.6 1.6 1.6 1.8
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.25 2 2 1.75 1.75 1.5
Deposit Interest Rate (%) 0.15 -0.1 -0.1 -0.35 -0.35 -0.6
Lending Rate (%) 2.75 2.5 2.5 2.25 2.25 2
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Thousands) -93041.00 -90000 -210000 -274000 -185000 -221000
Current Account to GDP (%) -0.30 -1.5 -1.5 -1.7 -1.7 -1.7
Imports (USD Thousands) 694493.00 716000 765000 811000 768000 785000
Exports (USD Thousands) 601452.00 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) 25141.00 25020 27029 26924 25694 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 (%) -2.70 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) 99274.00 108801 114947 114499 101458 117706
Retail Sales Yoy (%) 5.80 2.7 2.8 2.8 2.8 1
Gasoline Prices (USD/Liter) 1.26 1.23 1.2 1.16 1.13 1.13


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.