The economic performance of the Macedonian economy is expressed through stable GDP growth, low inflation rate of < 2 % on average in the past 10 years, fiscal discipline confirmed by the international financial institutions and a well-functioning coordination between fiscal and monetary policy.

2007 2008 2009 2010 2011 2012 2013 2014 2015
Real GDP Growth (%) 6.1 5.0 -0.9 2.9 2,8 -0,4 2,9 3.8 3.2*
Annual Inflation (%) 2.3 8.3 -0.8 1.6 3.9 3.3 2,8 -0.3 0.5*
Central Budget Balance as % of GDP 0.6 -0.9 -2.7 -2.4 -2.5 -3.9 -4.0 -4.2 -3.9*
Coverage of Imports by Exports (%) 67.4 60.6 55.5 62.9 65.5 62 65 68
FDI (€ m) 506,0 399,9 145,0 160 363,8 72,0 263.8 278.0 126.7 (Q2)
Unemployment Rate (%) 34.9 33.8 32.2 32.0 31.4 30.0 29,0 28,0 27.3 (Q1)
Sources: InvestInMacedonia, SSO, NBRM
*Estimates by World Bank

Learn more…

Infrastructure

Foreign Investment

Labor Market

Financial System

Lifestyle

Facts about Macedonia

Leave a Reply

Your email address will not be published.