Wages in Macedonia increased to 38227 MKD/Month in October from 37797 MKD/Month in September of 2019. Wages in Macedonia averaged 29290.37 MKD/Month from 2003 until 2019, reaching an all time high of 38227 MKD/Month in October of 2019 and a record low of 20029 MKD/Month in January of 2004. source: State Statistical Office of the Republic of Macedonia

Wages in Macedonia is expected to be 37789.00 MKD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Macedonia to stand at 39540.00 in 12 months time. In the long-term, the Macedonia Gross Wages is projected to trend around 42676.00 MKD/Month in 2020, according to our econometric models.

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Macedonia Gross Wages

Actual Previous Highest Lowest Dates Unit Frequency
38227.00 37797.00 38227.00 20029.00 2003 - 2019 MKD/Month Monthly
Current Prices, NSA

Macedonia Gross Wages
In Macedonia, wages are benchmarked using average gross salaries.

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.10 17.50 38.70 17.10 percent [+]
Employed Persons 799546.00 794283.00 799546.00 498867.00 [+]
Unemployed Persons 164702.00 168180.00 330724.00 164702.00 [+]
Wages 38227.00 37797.00 38227.00 20029.00 MKD/Month [+]
Population 2.08 2.07 2.10 1.38 Million [+]
Part Time Employment 34.20 29.00 50.20 21.70 Thousand [+]
Wages In Manufacturing 31588.00 30989.00 31784.00 15955.00 MKD/Month [+]
Wage Growth 5.30 4.10 19.60 -4.50 percent [+]
Job Vacancies 7430.00 9100.00 9100.00 4604.00 [+]
Labor Force Participation Rate 57.20 57.10 57.80 50.30 percent [+]
Long Term Unemployment Rate 11.90 13.30 30.90 11.90 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 47.40 47.13 47.40 31.20 percent [+]
Full Time Employment 750.40 748.90 750.40 515.20 Thousand [+]