Labor Force Participation Rate in Macedonia decreased to 56.53 percent in the second quarter of 2020 from 57.40 percent in the first quarter of 2020.
Labor Force Participation Rate in Macedonia averaged 56.21 percent from 2004 until 2020, reaching an all time high of 57.80 percent in the fourth quarter of 2010 and a record low of 50.30 percent in the fourth quarter of 2004. This page provides - Macedonia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Economic Activity Rate - values, historical data and charts - was last updated on October of 2020.
Labor Force Participation Rate in Macedonia is expected to be 56.91 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Macedonia to stand at 56.89 in 12 months time. In the long-term, the Macedonia Economic Activity Rate is projected to trend around 56.91 percent in 2021 and 56.93 percent in 2022, according to our econometric models.