Macedonia Gross Wages - Forecast

Wages in Macedonia is expected to be 35100.00 MKD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Macedonia to stand at 35659.09 in 12 months time. In the long-term, the Macedonia Gross Wages is projected to trend around 38000.00 MKD/Month in 2020, according to our econometric models.


Macedonia Gross Wages
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Macedonia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 21.6 20.8 20.4 20 19.7 16.5
Employed Persons 749892 759954 762825 766338 771094 812041
Unemployed Persons 206748 200924 198405 195919 193524 173648
Wages 35983 35100 36000 35000 35659 38000
Population 2.08 2.08 2.08 2.08 2.08 2.09
Wage Growth 1 1.51 1.69 1.32 1.47 1.44
Job Vacancies 8331 8194 7762 7983 7849 7917
Labor Force Participation Rate 56.9 56.88 56.86 56.89 56.93 56.96
Long Term Unemployment Rate 15.3 14.69 14.32 13.9 13.5 9.77
Minimum Wages 231 240 240 250 234 260
Part Time Employment 25.5 34.41 33.64 32.52 32.21 32.05
Full Time Employment 711 724 725 728 734 772
Employment Rate 44.6 44.74 44.63 44.72 44.83 44.75