Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Currency 57.01 58.68 59.68 60.7 61.74
Stock Market (points) 5839.15 5780 5703 5627 5553

Overview Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 0.60 2.2 1.5 2.8 2.9
Unemployment Rate (%) 14.00 14.2 14 13.8 13.6
Inflation Rate (%) 16.70 15.3 10 8 7
Interest Rate (%) 5.50 5.25 5.25 5 5
Current Account to GDP (% of GDP) -3.50 -2.5
Government Debt to GDP (% of GDP) 52.00 53
Government Budget (% of GDP) -5.40 -4.6

GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) 0.60 2.2 1.5 2.8 2.9
GDP Constant Prices (MKD Million) 231750.00 184814 205931 207649 238471
GDP (USD Billion) 13.88 14.3
Gross Fixed Capital Formation (MKD Million) 162392.00 167101
GDP per Capita (USD) 5287.07 5446
GDP per Capita PPP (USD) 16464.34 16958
Full Year GDP Growth (%) 2.10 3

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Unemployment Rate (%) 14.00 14.2 14 13.8 13.6
Wages (MKD/Month) 50837.00 44759 46348 47867 51027
Wage Growth (%) -3.30 -3.6 -2.7 -1.8 -0.7
Population (Million) 1.84 2.1
Minimum Wages (MKD/Month) 20175.00 19600

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 16.70 15.3 10 8 7
Consumer Price Index CPI (points) 145.28 146 149 153 154
GDP Deflator (%) 106.10 114
Inflation Rate MoM (%) 0.60 0.7 0.6 0.3 0.2
Food Inflation (%) 25.30 23.8 18 11 5.8
Core Consumer Prices (points) 142.90 143 146 150 149
Core Inflation Rate (%) 16.62 15 10.5 8.2 4.5
Producer Prices (points) 140.80 144 149 148 147
Producer Prices Change (%) 10.00 7.6 6.8 5.9 4.7

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 5.50 5.25 5.25 5 5
Deposit Interest Rate (%) 3.40 3.15 3.15 2.9 2.9
Lending Rate (%) 6.00 5.75 5.75 5.5 5.5

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Tourist Arrivals (Hundreds) 434.00 415 845 1110 515
Current Account to GDP (% of GDP) -3.50 -2.5

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Spending (MKD Million) 34519.00 30049 30837 31927 35520
Government Debt to GDP (% of GDP) 52.00 53
Government Budget (% of GDP) -5.40 -4.6

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Business Confidence (points) 24.40 17.2 16.5 18.3 20.2

Consumer Actual Q1/23 Q2/23 Q3/23 Q4/23
Consumer Spending (MKD Million) 155458.00 122172 141340 147889 159966
Gasoline Prices (USD/Liter) 1.41 1.59 1.65 1.7 1.76
Consumer Credit (MKD Million) 215824.00 208001 211969 217953 221199
Retail Sales YoY (%) 5.80 4.6 2.9 1.3 1.6