Money in North Macedonia

North Macedonia Money | Economic News & Forecasts

North Macedonia - Money

Economic growth appears to have maintained momentum in the fourth quarter on the heels of the third quarter’s acceleration. Private consumption was likely upbeat in Q4, given rising net wages in November, and as reflected by robust retail sales growth in the quarter. Meanwhile, business confidence edged higher in Q4, boosted by an improved assessment of the current economic situation. This should have translated into stronger investment in the final quarter of the year and possibly at the start of 2020 too. On the downside, industrial production faltered again in December, dragged down by declining energy supply and manufacturing output. On the political front, in early January Parliament approved a caretaker government, after Prime Minister Zoran Zaev resigned, ahead of the parliamentary elections in April.

North Macedonia - Money Data

2014   2015   2016   2017   2018  
Money (annual variation of M2 in %)7.3  7.7  6.2  3.8  11.8  

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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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