Labor force | 801,000 (2023 est.) |
---|---|
Industrial production growth rate | -1.07% (2023 est.) |
Industries | food processing, beverages, textiles, chemicals, iron, steel, cement, energy, pharmaceuticals, automotive parts |
Population below poverty line | 21.8% (2019 est.) |
Taxes and other revenues | 17.39% (of GDP) (2021 est.) |
Fiscal year | |
Exchange rates | |
Currency | Macedonian denars (MKD) per US dollar - |
Exchange rates 2023 | 56.947 (2023 est.) |
Exchange rates 2022 | 58.574 (2022 est.) |
Exchange rates 2021 | 52.102 (2021 est.) |
Exchange rates 2020 | 54.144 (2020 est.) |
Exchange rates 2019 | 54.947 (2019 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $5.015 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $4.12 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $4.129 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | $99.23 million (2023 est.) |
Current account balance 2022 | -$864.777 million (2022 est.) |
Current account balance 2021 | -$374.85 million (2021 est.) |
Public debt | |
Public debt 2017 | 39.3% of GDP (2017 est.) |
Budget | |
Revenues | $4.141 billion (2021 est.) |
Expenditures | $4.666 billion (2021 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 3.13% of GDP (2023 est.) |
Remittances 2022 | 3.33% of GDP (2022 est.) |
Remittances 2021 | 3.5% of GDP (2021 est.) |
Household income | |
Lowest 10% | 1.9% (2019 est.) |
Highest 10% | 22.9% (2019 est.) |
Average household expenditures | |
On food | 33% of household expenditures (2022 est.) |
On alcohol and tobacco | 6% of household expenditures (2022 est.) |
Imports | |
Imports 2023 | $12.745 billion (2023 est.) |
Imports 2022 | $13.008 billion (2022 est.) |
Imports 2021 | $11.362 billion (2021 est.) |
Imports (partners) | UK 16%, Greece 13%, Germany 9%, Serbia 8%, China 6% (2022) |
Comodities Imports force | platinum, refined petroleum, electricity, precious metal compounds, natural gas (2022) |
Exports | |
Imports 2023 | $12.745 billion (2023 est.) |
Imports 2022 | $13.008 billion (2022 est.) |
Imports 2021 | $11.362 billion (2021 est.) |
Exports (partners) | Germany 42%, Serbia 8%, Greece 7%, Bulgaria 5%, Italy 3% (2022) |
Comodities Exports force | reaction and catalytic products, insulated wire, electricity, garments, vehicle parts/accessories (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $42.444 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $42.012 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $41.099 billion (2021 est.) |
GDP (official exchange rate) | $14.761 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $23,400 (2023 est.) |
Real GDP per capita 2022 | $22,900 (2022 est.) |
Real GDP per capita 2021 | $22,400 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 7% (2023 est.) |
Industry | 21.4% (2023 est.) |
Services | 58.2% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 72.9% (2023 est.) |
Government consumption | 16.8% (2023 est.) |
Investment in fixed capital | 23.5% (2021 est.) |
Investment in inventories | 0.4% (2023 est.) |
Exports of goods and services | 72.8% (2023 est.) |
Imports of goods and services | -86.3% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 13.08% (2023 est.) |
Unemployment rate 2022 | 14.48% (2022 est.) |
Unemployment rate 2021 | 15.8% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 28.6% (2023 est.) |
Male | 27% (2023 est.) |
Female | 31.5% (2023 est.) |
Want to know more about North Macedonia? Check all different factbooks for North Macedonia below.