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 35456.12 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.


Forecast Data Chart
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Macedonia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 21.1 20.4 20 19.7 20.3 16.5
Employed Persons 755073 762532 766277 770824 775319 811793
Unemployed Persons 202398 197312 194632 192094 189634 170685
Wages 35322 36000 35000 35456 35456 38000
Population 2.08 2.08 2.08 2.08 2.08 2.09
Wage Growth 1 1.69 1.32 1.47 1.29 1.44
Job Vacancies 8331 7762 7983 7849 7968 7917
Labor Force Participation Rate 56.91 56.85 56.89 56.91 56.9 56.93
Long Term Unemployment Rate 15.3 14.32 13.9 13.5 13.11 9.77
Minimum Wages 12165 12165 13400 13400 13400 14900
Part Time Employment 25.5 33.64 32.52 32.21 31.76 32.05
Full Time Employment 711 725 728 734 738 772
Employment Rate 44.88 44.7 44.77 44.9 44.87 44.83