Economic Trivia

The service sector accounts for over half of Macedonia's GDP, at 57.1%.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2017): Germany, Serbia, and United Kingdom
Top 3 Exported Goods (2017): Chemical Products, Electrical Machinery, and Industrial Machinery

Top Industries Source: CIA World Factbook

Food Processing; Beverages; Textiles; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $34,074,405,985 (2018)
GDP Growth Rate (annual %) 2.665% (2018)
GDP Per Capita, PPP (current international) $16,359 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 127/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.458% (2018)
External debt stocks, total (DOD, current US$) $8,744,240,008 (2018)
Total tax rate (% of commercial profits) 13% (2018)
Real Interest Rate (5 year average %) 1.724% (2018)
Manufacturing, value added (% of GDP) 12.853% (2018)
Current Account Balance (BoP, current US$) ($46,386,271) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 957,169 (2018)
Employment in Agriculture (% of total employment) 16.114% (2018)
Employment in Industry (% of total employment) 30.453% (2018)
Employment in Services (% of total employment) 53.433% (2018)
Unemployment Rate 21.552% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $9,237,397,591 (2018)
Exports of goods and services (current US$) $7,646,443,575 (2018)
Total Merchandise Trade (% of GDP) 125.946% (2018)
FDI, net inflows (BoP, current US$) $674,503,971 (2018)
Commercial Service Exports (current US$) $1,838,363,769 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Macedonia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank