Economy of Macedonia

24.09.2022 17:26 (zuletzt bearbeitet: 24.09.2022 17:27)
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The national currency is the Macedonian denar. The symbol used for this currency is den and is abbreviated as MKD. 22.6% of the country's population is unemployed. The total number of unemployed in Macedonia is 471,222. Every year Macedonia exports about 4.27 billion US dollars and imports about 6.6 billion US dollars. The country's Gini index is 43.6. Macedonia has a Human Development Index (HDI) of 0.732. The Global Peace Index (GPI) for Macedonia is 1,944. Macedonia has a public debt equal to 33.6% of the country's gross domestic product (GDP) as estimated in 2012. Macedonia is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The country's main industries are food processing, beverages, textiles, chemicals, iron, steel, cement, energy, pharmaceuticals and automotive parts.

Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Macedonia is US$27,723 billion. Every year, consumers spend around $7,481 million. The ratio of consumer spending to GDP in Macedonia is 0% and the ratio of consumer spending to world consumer market is 0.0216. Corporate tax in Macedonia is 10%. Personal income tax ranges from 10% to 10% depending on your specific situation and income level. VAT in Macedonia is 18%. In 2013, Macedonia received US$148.9 million in foreign aid. In 2014, foreign aid totaled $194.9 million.


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