Macedonia : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$7.007 billion (2011 est.)
$5.241 billion (2010 est.)


$4.348 billion (2011 est.)
$3.296 billion (2010 est.)

Inflation rate (consumer prices)

3.9% (2011 est.)
1.6% (2010 est.)

Unemployment rate

31.4% (2011 est.)
32% (2010 est.)

GDP - per capita (PPP)

$10,500 (2011 est.)
$10,200 (2010 est.)
$10,000 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

1.3% (2010 est.)
-0.5% (2009 est.)
4.5% (2008 est.)

Internet users

1.057 million (2009)

Telephones - mobile cellular

2.153 million (2009)

Population growth rate

0.237% (2012 est.)


2,082,370 (July 2012 est.)

Historical background

Macedonia gained its independence peacefully from Yugoslavia in 1991.

Greece's objection to the new state's use of what it considered a Hellenic name and symbols delayed international recognition, which occurred under the provisional designation of "the Former Yugoslav Republic of Macedonia.

" In 1995, Greece lifted a 20-month trade embargo and the two countries agreed to normalize relations, but the issue of the name remained unresolved and negotiations for a solution are ongoing.

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Economic overview

Having a small, open economy makes Macedonia vulnerable to economic developments in Europe and dependent on regional integration and progress toward EU membership for continued economic growth.

At independence in September 1991, Macedonia was the least developed of the Yugoslav republics, producing a mere 5% of the total federal output of goods and services.

The collapse of Yugoslavia ended transfer payments from the central government and eliminated advantages from inclusion in a de facto free trade area.

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The Economist Intelligence Unit

Country Risk Service Macedonia 4th Quarter 2014 Updater

Country Risk Service Macedonia 4th Quarter 2014 Updater

  • $ 520
  • Country report
  • November 2014
  • by The Economist Intelligence Unit


  • Countries : Macedonia

Dun and Bradstreet (Altares)

D&B Country Insight Report: Macedonia

D&B Country Insight Report: Macedonia

  • $ 650
  • Country report
  • October 2014
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country's overall political, ...

  • Countries : Macedonia

Oxford Economics

Country Economic Forecasts > Macedonia Fyr

Country Economic Forecasts > Macedonia Fyr

  • $ 185
  • Country report
  • November 2014
  • by Oxford Economics

The initial estimate of 3.9% GDP growth in H1 shows that momentum is being maintained and, despite some likely slowdown in H2, full-year growth forecast at around 3.5% will stand out against a generally ...

  • Countries : Macedonia

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