Imports$7.007 billion (2011 est.)
Exports$4.348 billion (2011 est.)
Inflation rate (consumer prices)3.9% (2011 est.)
Unemployment rate31.4% (2011 est.)
GDP - per capita (PPP)$10,500 (2011 est.)
National product real growth rate1.3% (2010 est.)
Internet users1.057 million (2009)
Telephones - mobile cellular2.153 million (2009)
Population growth rate0.237% (2012 est.)
Population2,082,370 (July 2012 est.)
About this country
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....
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....
The Economist Intelligence Unit
NCAIS: 0 SIC: 0
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 ...
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