Wages in Macedonia increased 8.50 percent in August of 2020 over the same month in the previous year. source: National Bank of the Republic of Macedonia

Wage Growth in Macedonia averaged 2.33 percent from 2008 until 2020, reaching an all time high of 19.60 percent in June of 2009 and a record low of -4.50 percent in May of 2011. This page provides - Macedonia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Real Wage Growth - values, historical data and charts - was last updated on November of 2020.

Wage Growth in Macedonia is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Macedonia to stand at 3.27 in 12 months time. In the long-term, the Macedonia Real Wage Growth is projected to trend around 3.99 percent in 2021 and 3.79 percent in 2022, according to our econometric models.

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Macedonia Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
8.50 7.70 19.60 -4.50 2008 - 2020 percent Monthly
NSA

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.70 16.20 38.70 16.20 percent [+]
Employed Persons 793416.00 811106.00 811106.00 498867.00 [+]
Unemployed Persons 159623.00 156627.00 330724.00 156627.00 [+]
Wages 40913.00 41070.00 41087.00 20029.00 MKD/Month [+]
Population 2.08 2.08 2.10 1.38 Million [+]
Job Vacancies 9075.00 9053.00 9100.00 4604.00 [+]
Labor Force Participation Rate 56.53 57.40 57.80 50.30 percent [+]
Long Term Unemployment Rate 11.70 12.00 30.90 11.70 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 47.06 48.10 48.10 31.20 percent [+]
Full Time Employment 765.30 757.40 765.30 515.20 Thousand [+]
Wages In Manufacturing 34524.00 33985.00 34736.00 15955.00 MKD/Month [+]
Wage Growth 8.50 7.70 19.60 -4.50 percent [+]
Part Time Employment 35.50 32.10 50.20 21.70 Thousand [+]