27, May 2012, CEST. Welcome to the Macedonia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Macedonia (Former Yugoslav Republic of Macedonia) › Change country
National or Regional Currency: Macedonian Dinar, MKD
Year of data: 2010 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 2,077,328 (July 2011 est.)
Area: total: 25,713 sq km land: 25,433 sq km water: 280 sq km
Natural Resources: low-grade iron ore, copper, lead, zinc, chromite, manganese, nickel, tungsten, gold, silver, asbestos, gypsum, timber, arable land
Capital: name: Skopje geographic coordinates: 42 00 N, 21 26 E time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International

Macedonia was the least developed of the Yugoslav republics during its independence in 1991. Absence of proper infrastructure, the collapse of Yugoslavia, a Greek economic embargo and UN sanctions collectively retarded economic growth and development in Macedonia. Macedonia's small and free economy makes it vulnerable to economic progress in Europe and dependent on regional integration and progress toward European Union (EU) membership for perpetuated growth of the economy.
More on the Macedonia Economy
More on the Macedonia Export, Import and Trade

GDP (Constant Prices, National Currency) for Macedonia in year 2010 is MKD 264.689 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Macedonia in year 2010 is 0.7 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Macedonia in year 2010 is MKD 423.862 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Macedonia in year 2010 is US$ 9.108 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP Deflator for Macedonia in year 2010 is 160.135 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Macedonia in year 2010 is MKD 128,770.06 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Macedonia in year 2010 is MKD 206,206.54 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Macedonia in year 2010 is US$ 4,431.13 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

GDP (PPP), US Dollars for Macedonia in year 2010 is US$ 19.996 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Macedonia in year 2010 is US$ 9,727.90 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Macedonia in year 2010 is 0.026 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Implied PPP Conversion Rate for Macedonia in year 2010 is 21.197 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Gross National Savings (% of GDP) for Macedonia in year 2010 is 22.061 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Macedonia in year 2010 is 100.758 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Macedonia in year 2010 is 1.509 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Macedonia in year 2010 is 102.05 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Macedonia in year 2010 is 2.956 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Macedonia in year 2010 is 10.7 %.

Import Volumes of Goods Only (Percent Change) for Macedonia in year 2010 is 10.7 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Macedonia in year 2010 is 22.7 %.

Export Volumes of Goods Only (Percent Change) for Macedonia in year 2010 is 22.7 %.

Value of Oil Imports for Macedonia in year 2010 is US$ 0.822 Billions. Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units.

Value of Oil Exports for Macedonia in year 2010 is US$ 0.126 Billions. Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units.

Unemployment Rate (% of Labour Force) for Macedonia in year 2010 is 32.179 %.

Population for Macedonia in year 2010 is 2.056 Million .

General government revenue (National Currency) for Macedonia in year 2010 is MKD 128.453 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government revenue (% of GDP) for Macedonia in year 2010 is 30.305 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (National Currency) for Macedonia in year 2010 is MKD 138.996 Billions. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

General government total expenditure (% of GDP) for Macedonia in year 2010 is 32.793 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (National Currency) for Macedonia in year 2010 is MKD -10.543 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.

Total Government Net Lending/ Borrowing (% of GDP) for Macedonia in year 2010 is -2.487 %.

Total Government Net Debt (National Currency) for Macedonia in year 2010 is MKD 101.796 Billion. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.receivable.

Total Government Net Debt (% of GDP) for Macedonia in year 2010 is 24.016 %. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.

Total Government Gross Debt (National Currency) for Macedonia in year 2010 is MKD 105.17 Billion. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Total Government Gross Debt (% of GDP) for Macedonia in year 2010 is 24.812 %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Fiscal Year Gross Domestic Product, Current Prices for Macedonia in year 2010 is MKD 423.862 Billions. Gross domestic product corresponding to fiscal year is the country's GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country's GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices.

Current Account Balance (US Dollars) for Macedonia in year 2010 is US$ -0.253 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Macedonia in year 2010 is -2.783 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.