Markets Actual Q4 Q1 Q2 Q3 2023
Currency 58.76 60.26 61.27 62.3 63.34 65.49
Stock Market (points) 5582.84 5425 5299 5177 5057 4825

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Annual Growth Rate (%) 2.00 2.7 2.7 2.7 2.8 2.9
Unemployment Rate (%) 14.50 14.2 14.2 14.2 14.2 13.1
Inflation Rate (%) 19.80 16.5 13 10 8 7
Interest Rate (%) 4.25 4.25 4.5 4.5 4.5 3.5
Balance of Trade (USD Thousands) -339135.00 -206000 -206000 -206000 -206000 -206000
Current Account to GDP (% of GDP) -3.50 -2.7 -2.7 -2.7 -2.7 -2.5
Government Debt to GDP (% of GDP) 51.80 55 55 55 55 55.5
Government Budget (% of GDP) -5.40 -4.8 -4.6 -4.6 -4.6 -4.6
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Annual Growth Rate (%) 2.00 2.7 2.7 2.7 2.8 2.9
GDP (USD Billion) 13.88 14.82 14.82 14.82 14.82 15.72
GDP Constant Prices (MKD Million) 202888.00 213376 185719 208366 208569 219564
Gross Fixed Capital Formation (MKD Million) 162392.00 166777 166777 166777 166939 171613
GDP per Capita (USD) 5287.07 5700 5700 5700 5700 5700
GDP per Capita PPP (USD) 16464.34 16600 16600 16600 16600 16600
Full Year GDP Growth (%) 4.00 2.3 3 3 3 3

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 14.50 14.2 14.2 14.2 14.2 13.1
Wages (MKD/Month) 48744.00 46321 47869 49192 50338 48169
Population (Million) 2.07 2.12 2.12 2.12 2.12 2.12
Minimum Wages (MKD/Month) 18000.00 16100 16100 16100 16100 16100

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 19.80 16.5 13 10 8 7
Consumer Price Index CPI (points) 143.88 142 143 149 153 151
Inflation Rate MoM (%) 1.40 0.5 0.3 0.3 0.3 0.3
Food Inflation (%) 31.20 28 20.8 12 8 5
Core Inflation Rate (%) 17.90 4.7 3.7 3 3 2.5
Producer Prices (points) 139.60 140 147 150 148 148
Producer Prices Change (%) 15.80 12.8 9.6 7.8 5.9 5.5

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 4.25 4.25 4.5 4.5 4.5 3.5
Deposit Interest Rate (%) 1.40 1.4 1.65 1.65 1.65 0.65
Lending Rate (%) 4.00 4 4.25 4.25 4.25 3.25

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Thousands) -339135.00 -206000 -206000 -206000 -206000 -206000
Current Account to GDP (% of GDP) -3.50 -2.7 -2.7 -2.7 -2.7 -2.5
Imports (USD Thousands) 1093249.00 785000 785000 785000 785000 785000
Exports (USD Thousands) 754113.00 579000 579000 579000 579000 579000
Tourist Arrivals (Hundreds) 1038.00 420 350 600 600 405

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 51.80 55 55 55 55 55.5
Government Budget (% of GDP) -5.40 -4.8 -4.6 -4.6 -4.6 -4.6
Government Budget Value (MKD Million) -4931.00 -496 -496 -496 -496 -496
Government Spending (MKD Million) 30381.00 31863 30196 31201 31232 32787

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q4 Q1 Q2 Q3 2023
Industrial Production (%) -5.30 2 2 2 2 2
Business Confidence (points) 24.40 20.5 17.2 16.5 18.3 20.2

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Spending (MKD Million) 139251.00 133409 122770 143011 143150 137278
Gasoline Prices (USD/Liter) 1.46 1.55 1.61 1.67 1.73 1.86
Consumer Credit (MKD Million) 213137.00 205656 209018 214475 217953 211620
Retail Sales YoY (%) -4.60 0.3 1.2 1.2 1.3 2.5