Private Consumption in North Macedonia
The economy of North Macedonia recorded an average growth rate of 3.0% in private consumption in the decade to 2022, above the 2.1% average for Eastern Europe. In 2022, private consumption growth was 3.1%. For more private consumption information, visit our dedicated page.
North Macedonia Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for North Macedonia from 2014 to 2023.
Source: Macrobond.
North Macedonia Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 3.5 | -3.6 | 8.8 | 3.8 | 2.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Macedonian private consumption projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Macedonian private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Macedonian private consumption projections.
Want to get access to the full dataset of Macedonian private consumption forecasts? Send an email to info@focus-economics.com.