Money in North Macedonia

North Macedonia Money | Economic News & Forecasts

North Macedonia - Money

GDP growth slowed considerably in Q3, chiefly due to a fading base effect. Growth in household spending and fixed investment recorded sharp decelerations, while the external sector supported activity as exports expanded at a faster pace than imports. Moving to the final quarter of 2021, available data paints a mixed picture. Retail sales growth eased on average in October-November compared to Q3, likely weighed on by soaring inflation. However, industrial production improved in October, pointing to stronger private sector dynamics. In politics, the ruling left-wing SDSM party elected Dimitar Kovacevski as its leader and President Stevo Pendarovski endorsed him as the country's prime minister-designate in late December, following the resignation of Zoran Zaev. Meanwhile, the IMF recently encouraged the country to strengthen public financial management in order to limit fiscal risks.

North Macedonia - Money Data

2015   2016   2017   2018   2019  
Money (annual variation of M2 in %)7.7  6.2  3.8  11.8  9.9  

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North Macedonia Money Chart

Macedonia Money
Note: Money, annual variation of wide money in %.
Source: National Bank of the Republic of North Macedonia

North Macedonia Facts

Value Change Date
Exchange Rate54.86-0.56 %Jan 01
Stock Market0.10.0 %Jan 07

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