Macedonia FlagMacedonia

What One Fool Can Ensnare, Not A Thousand Sages Can Fix.

 

General


Population: 2,091,719 (2014), 2,087,171 (2013)
Land Area: 25,333 sq km
Natural Resources: Iron ore, copper, lead, zinc, chromite, manganese, nickel, tungsten, gold, silver, asbestos, gypsum, timber, arable land
Capital: Skopje
Political System: Parliamentary Democracy
State Leader: Gjorge Ivanov (May 12th 2009)
Head of Government: Nikola Gruevski (August 26th 2006)
Languages: Macedonian, Albanian, Turkish, Roma, Serbian
Currency: Macedonian Denar (MKD)
Major Religions: Macedonian Orthodox 64.7%, Muslim 33.3%, Other Christian 0.37%, Other and Unspecified 1.63%
Major Ethnicities: Macedonian 64.2%, Albanian 25.2%, Turkish 3.9%, Roma 2.7%, Serb 1.8%, Other 2.2%
Life Expectancy: 75.8 years (2014), 75.58 years (2013)

Economy


GDP Official Exchange Rate: 10.65 billion (2013), 10.5 billion (2012)
GDP Purchasing Power Parity: 22.57 billion (2013), 21.94 billion (2012)
GDP Per Capita (PPP): 10,800 (2013), 10,700 (2012)
GDP Growth Rate: 3.1% (2013), 0% (2012)
GDP Structure: Agriculture 10.2%, Industry 27.5%, Services 62.3% (2013)
Labour Force By Occupation: Agriculture 18.8%, Industry 27.5%, Services 53.7% (2013)
Industries: Food processing, beverages, textiles, chemicals, iron, steel, cement, energy, pharmaceuticals
Agriculture Products: Grapes, wine, tobacco, vegetables, fruits; milk, eggs
Human Development Index: 0.732 (84th)(2014), 0.740 (78th)(2013)
Tourism Revenue: 77 million (2004)
Unemployment Rate: 28.6% (2013)

MilitaryMacedonia Map


Army Size: 10 890 (2004)
Budget: 6% of GDP (2005)

Current Situation

 

Macedonia is located in South Eastern Europe. Macedonia is bordered by Albania, Bulgaria, Greece, Kosovo and Serbia. Macedonia's economy is steadily growing at 5% growth, inflation is also kept low by the government. The government has opened up the economy since independence and is trying to attract foreign investment.

(2013) Growth has slowed to a halt in 2012 as Macedonia suffers from the slowdown in the eurozone economies.

(2014) Macedonia's economy has returned to strong level of growth in 2013, high unemployment remains an issue in Macedonia, however the statistics are distorted by the informal sector.

Thoughts & Comments

 

Sources

CIA World Factbook: Macedonia
Wikipedia: Macedonia
http://hdrstats.undp.org/en/countries/profiles/MKD.html

Updated on: October 19th, 2014