Macedonia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 3.90 0.6 0.8 0.7 0.6 0.6 percent [+]
Unemployment Rate 23.40 23.4 23 22.8 22.5 16.5 percent [+]
Inflation Rate -0.20 0.3 0.5 0.6 0.8 1.8 percent [+]
Interest Rate 4.00 4 4 4.5 4.5 3.5 percent [+]
Balance of Trade -177613.00 -171421 -171621 -173603 -174870 -160000 USD Thousands [+]
Government Debt to GDP 38.40 33.07 32.68 32.29 31.9 32.92 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Stock Market 2204.69 2190 2160 2140 2120 1770 points [+]
Currency 58.00 57.91 58.49 59.06 59.63 68.81 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 3.90 0.6 0.8 0.7 0.6 0.6 percent [+]
GDP Annual Growth Rate 2.40 2.7 2.4 2.6 2.5 2.4 percent [+]
GDP 10.09 10.55 10.59 10.63 10.55 13.65 USD Billion [+]
GDP Constant Prices 147438.00 152633 151331 157985 166044 195524 MKD Million [+]
Gross Fixed Capital Formation 129095.00 136593 138569 140545 142522 172570 MKD Million [+]
GDP per capita 5093.84 5309 5357 5406 5454 6128 USD [+]
GDP per capita PPP 12724.68 13261 13383 13504 13626 15309 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 23.40 23.4 23 22.8 22.5 16.5 percent [+]
Employed Persons 720674.00 732555 733665 736739 742556 794726 [+]
Unemployed Persons 227702.00 219099 215233 211437 207753 168945 [+]
Wages 32640.00 32660 32667 32665 32664 32664 MKD/Month [+]
Population 2.07 2.06 2.06 2.06 2.06 2.06 Million [+]
Part Time Employment 30.40 33.66 32.97 33.76 34 33.79 Thousand [+]
Job Vacancies 6200.00 6365 6155 6227 6225 6216 [+]
Labor Force Participation Rate 56.58 56.46 56.31 56.3 56.35 55.95 percent [+]
Employment Rate 42.93 43.28 43.04 43.1 43.31 43.24 percent [+]
Full Time Employment 679.10 690 696 697 699 750 Thousand [+]
Wage Growth 2.70 2.15 1.64 1.72 1.68 1.95 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.20 0.3 0.5 0.6 0.8 1.8 percent [+]
Consumer Price Index CPI 99.70 99.7 99.69 99.69 99.69 99.69 Index Points [+]
GDP Deflator 101.90 102 102 102 102 102 percent [+]
Producer Prices 103.20 103 103 103 103 103 Index Points [+]
Producer Prices Change -1.00 -1.4 -1.63 -1.46 -1.5 -1.5 percent [+]
Inflation Rate Mom 0.00 0.16 0.17 0.17 0.17 0.17 percent [+]
Food Inflation -0.90 -0.8 -0.69 -0.68 -0.67 -0.66 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 4.00 4 4 4.5 4.5 3.5 percent [+]
Banks Balance Sheet 523781.97 530393 540825 551304 561870 715239 NC Million [+]
Deposit Interest Rate 0.25 0.25 0.25 0.25 0.25 0.25 percent [+]
Money Supply M0 26168.00 26793 27238 27691 28154 34981 MKD Million [+]
Money Supply M1 100506.80 102317 105163 108071 111045 157053 MKD Million [+]
Money Supply M2 249490.60 250184 252852 255550 258278 296620 MKD Million [+]
Lending Rate 4.50 4.46 4.48 4.46 4.48 4.47 percent [+]
Central Bank Balance Sheet 198124.55 198053 198095 198094 198094 198094 NC Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -177613.00 -171421 -171621 -173603 -174870 -160000 USD Thousands [+]
Exports 408336.00 417025 405624 409566 410613 409810 USD Thousands [+]
Imports 585949.00 578828 578757 577776 578086 578059 USD Thousands [+]
Current Account 31.00 -10.94 -22.63 -25.19 -25.17 -15.12 USD Million [+]
Current Account to GDP -1.40 -3.06 -3.09 -3.12 -3.16 -1.34 percent [+]
Capital Flows 39.90 -13.5 -17.6 -18.51 -18.68 -18.72 USD Million [+]
Foreign Direct Investment 54.55 44.97 51.93 48.75 49.89 49.64 EUR Million [+]
Gold Reserves 6.81 6.81 6.81 6.81 6.81 6.81 Tonnes [+]
Terrorism Index 1.86 2.4 2.37 2.34 2.32 2.63 [+]
External Debt 6914.63 6973 7152 7286 7397 8807 EUR Million [+]
Tourist Arrivals 840.00 264 620 791 608 655 Hundreds Person [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 38.40 33.07 32.68 32.29 31.9 32.92 percent [+]
Government Budget -3.50 -2.78 -3 -3.22 -3.44 -3.99 percent of GDP [+]
Government Budget Value -1827.00 -1729 -1243 -1338 -1330 -1319 MKD Million [+]
Government Spending 23139.00 23936 23666 23517 23615 23731 MKD Million [+]
Government Revenues 14375.00 14277 14259 14285 14276 14277 MKD Million [+]
Government Debt 3485.80 3383 3488 3586 3591 3700 EUR Million [+]
Fiscal Expenditure 16202.00 15235 15238 15219 15196 15190 MKD Million [+]
Military Expenditure 128.30 168 169 169 170 168 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production -5.60 -5.18 1.05 6.26 2.25 2.21 percent [+]
Manufacturing Production -4.50 1.23 1.8 3.48 1.98 2.52 percent [+]
Changes in Inventories 44099.00 45965 45830 45694 45559 50875 MKD Million [+]
Corruption Index 42.00 49.9 50.53 51.17 51.8 60.43 Points [+]
Corruption Rank 66.00 69.01 69.88 70.76 71.63 78.58 [+]
Competitiveness Index 4.23 4.26 4.26 4.26 4.26 4.22 Points [+]
Competitiveness Rank 68.00 62 62 62 66 81 [+]
Business Confidence 25.50 22.1 21.5 21.5 25.93 5.5 [+]
Ease of Doing Business 10.00 17.97 16.08 15.14 14.2 19.55 [+]
Steel Production 20.00 22.26 21.5 21.59 21.6 21.59 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 102446.00 102422 97180 102398 97204 102237 MKD Million [+]
Retail Sales Yoy 5.60 6.1 7.21 7.2 7.22 7.18 percent [+]
Gasoline Prices 1.08 1.07 1.07 1.07 1.07 1.07 USD/Liter [+]
Consumer Credit 127784.00 129181 131173 133083 134890 151255 MKD Million [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output -11.00 20.5 14.19 17.21 21.81 21.98 percent [+]
Housing Index 92.70 92.97 92.23 92.32 92.27 92.16 Index Points [+]
Building Permits 297.00 269 266 265 265 265 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 10.00 10 10 10 10 10 percent [+]
Personal Income Tax Rate 10.00 10 10 10 10 10 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]





Economic Forecasts for Macedonia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Macedonia economy. 12/10/2016