Macedonia Gross Wages - Forecast

Wages in Macedonia is expected to be 34500.00 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 35000.00 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 21.9 21.5 21.9 20.4 22.2 16.5
Employed Persons 745206 742861 742849 742850 742850 742850
Unemployed Persons 208486 211882 211885 211885 211885 211885
Wages 35225 34500 35100 36000 35000 38000
Population 2.07 2.08 2.08 2.08 2.07 2.09
Wage Growth 1 1 1 1 1 1
Job Vacancies 7586 6738 6442 6225 6118 6530
Labor Force Participation Rate 56.8 56.83 56.84 56.84 56.84 56.84
Long Term Unemployment Rate 16.5 17.68 17.8 17.93 18.05 19.49
Minimum Wages 231 240 240 240 250 260
Part Time Employment 30.1 26.8 26.8 26.8 26.8 26.8
Full Time Employment 706 708 708 708 708 708
Employment Rate 44.3 44.21 44.21 44.21 44.21 44.21