Markets Actual Q4 Q1 Q2 Q3 2022
Currency 54.48 54.74 55 55.28 55.54 56.09
Stock Market (points) 5883.18 5780 5696 5614 5532 5373

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 3.00 2.6 3.8 3 2.8 2.7
Unemployment Rate (%) 15.70 15.3 15 14.7 14.4 14.2
Inflation Rate (%) 4.80 4.3 3.9 3.1 2.5 2.2
Interest Rate (%) 1.25 1.25 1.5 1.5 1.75 1.75
Balance of Trade (USD Thousands) -272888.00 -206000 -206000 -206000 -206000 -206000
Current Account to GDP (% of GDP) -3.50 -3.3 -2.7 -2.7 -2.7 -2.7
Government Debt to GDP (% of GDP) 51.20 53.7 55 55 55 55
Government Budget (% of GDP) -8.10 -5.2 -4.3 -4.3 -4.3 -4.3
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 3.00 2.6 3.8 3 2.8 2.7
GDP (USD Billion) 12.27 13.79 14.82 14.82 14.82 14.82
GDP Constant Prices (MKD Million) 172900.00 193268 192697 168888 178087 197900
Gross Fixed Capital Formation (MKD Million) 146077.79 145580 149876 151629 150460 153922
GDP per capita (USD) 5092.68 5500 5500 5500 5500 5700
GDP per capita PPP (USD) 15848.42 16400 16400 16400 16400 16600

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 15.70 15.3 15 14.7 14.4 14.2
Wages (MKD/Month) 43137.00 42025 43402 44354 44548 45493
Population (Million) 2.08 2.11 2.11 2.11 2.11 2.12
Minimum Wages (MKD/Month) 14500.00 16100 16100 16100 16100 16100

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.80 4.3 3.9 3.1 2.5 2.2
Consumer Price Index CPI (points) 120.11 121 121 122 123 124
Food Inflation (%) 6.10 2.5 2.3 2.3 2.3 2
Core Inflation Rate (%) 2.90 3.2 3.6 2.7 1.9 1.7
Producer Prices (points) 120.60 106 125 128 128 131
Producer Prices Change (%) 13.80 16.5 12.2 9.5 6 5.5
Inflation Rate Mom (%) 0.70 0.2 0.2 0.2 0.2 0.2

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.25 1.25 1.5 1.5 1.75 1.75
Deposit Interest Rate (%) 0.15 -0.6 0.4 0.4 0.65 0.65
Lending Rate (%) 1.75 2 2 2 2.25 2.25

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Thousands) -272888.00 -206000 -206000 -206000 -206000 -206000
Current Account to GDP (% of GDP) -3.50 -3.3 -2.7 -2.7 -2.7 -2.7
Imports (USD Thousands) 956058.00 785000 785000 785000 785000 785000
Exports (USD Thousands) 683170.00 579000 579000 579000 579000 579000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 51.20 53.7 55 55 55 55
Government Budget (% of GDP) -8.10 -5.2 -4.3 -4.3 -4.3 -4.3
Government Budget Value (MKD Million) 1025.00 -496 -496 -496 -496 -496
Government Spending (MKD Million) 29596.00 29091 28282 30733 30673 29877

Taxes Actual Q4 Q1 Q2 Q3 2022
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 Q4 Q1 Q2 Q3 2022
Industrial Production (%) -6.50 3.1 1.8 1.5 1.5 2
Business Confidence (points) 28.00 27.4 30 28.5 28.5 28.2

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (MKD Million) 121439.00 120531 120149 110596 125082 123393
Gasoline Prices (USD/Liter) 1.37 1.03 1.24 1.18 1.12 1.06
Consumer Credit (MKD Million) 198190.00 167545 195867 199723 202647 195793
Retail Sales Yoy (%) 7.20 5.7 1 1.2 1.2 2.5


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Macedonia Forecast - was last updated on Wednesday, December 8, 2021.