41%
42%
43%
44%
0%
10%
20%
30%
40%
GDP per capita (€) and annual growth (%)
in FYR Macedonia and the EU-28
Public finances, monetary and financial data
Public debt (% of GDP)
Surplus/deficit (% of GDP)
GDP per capita
(left axis)
EU-28
FYR Macedonia
GDP growth
(right axis)
FYR Macedonia
EU-28
FYR Macedonia total unemployment
and female labour market participation
FDI and remittances to
FYR Macedonia and the EU-28
€
thousand
27.6
2.1%
3.2%
5.2
42.5%
24.4%
EU-28
FYR Macedonia
60.0
60.5
61.0
61.5
62.0
62.5
-2%
0%
2%
4%
6%
8%
61.6
0.3%
Remittances received (% of GDP)
FDI net inflows (% of GDP)
EU-28
FYR Macedonia
Denar/euro exchange rate (right axis)
Inflation rate FYR Macedonia
(%, left axis)
FYR Macedonia business environment and socio-economic indicators
The Ease of Doing Business’s ‘distance to frontier’ score assesses the overall level of regulatory performance of a country. It ranges from 0=’lowest performance’ to 100=’the frontier’, the best performance observed worldwide each year.
The Human Development Index (HDI) measures the average achievement in key dimensions of human development. It is based on life expectancy at birth, average duration of education and GDP per capita. It ranges from 0 to 100. ‘High human development countries’ (UN) are in the range between 70 and 80.
The Corruption Perception Index measures the perceived levels of public–sector corruption worldwide. Scores range from 0 (highly corrupt) to 100 (very clean). In 2016, two thirds of countries scored below 50.
The GINI Index measures the deviation of the distribution of income among individuals or households within a country from a perfectly equal distribution. It is hence a measure of inequality in income distri-bution. A value of 0 represents absolute equality, a value of 100 absolute inequality.
Rank
107/180 82/188 11/190 106/142Score
Ease of Doing Business
Human Development Index**
Corruption Perception Index
GINI Index*
Worst Best Best Worst 100 100 100 0 0 0 74.8 81.2 35.0 100 0 44.2Female labour force participation
(right axis)
Total unemployment (left axis)
EU-28
(2017)
7.7%
51.0%
FYR Macedonia: Economic indicators and trade with EU
EPRS | European Parliamentary Research Service EUI | European University Institute
Authors: Giulio Sabbati and Velina Lilyanova, Members’ Research Service
Caterina Francesca Guidi, Globalstat, EUI
PE 620.197 - April 2018
AT A GLANCE
Infographic
EU exports of goods to FYR Macedonia (2017) EU imports of goods from FYR Macedonia (2016)
EU trade with FYR Macedonia
Main trade partners (2017)
Trade in goods (exports plus imports)
EU
US
Top EU partners (2017)
Trade in goods
EU exports to FYR Macedonia
EU imports from FYR Macedonia
Other
Plastic and rubber
Iron and steel
Ceramic products
p
Cars and trucks
Agri-food
g
Oil, gas, coal
, g ,
Mechanical
appliances
and electrical
pp
pp
equipment
q p
Gemstones
17.1% 17.0% 7.5% 6.5% 4.8% 4.3% 26.9% 10.7% 5.3%Other
Cars and trucks
Agri-food
Iron and steel
Clothing accessories
Chemicals
Mechanical
appliances
and electrical
equipment
28.3% 7.7% 10.4% 24.5% 6.5% 5.0% 17.6%4 973
4 238
1 407
741
Imports
Exports
Imports
Exports
€ million
0
2 000
3 274
975
866
675
631
418
357
348
315
196
EU imports from
Macedonia
EU export to Macedonia
€ million
4 000
Others
Other
APEC
Members
Montenegro: 0.
Japan: 3.5%
Turkey: 4.1%
Russia: 6.2%
Switzerland
China
US
16.9%
15.3%
7.0%
15.6%
31.2%
EU
FYR Macedonia: 0.2%
Other Kosovo*: 1.9% S. Africa: 2.0% Turkey: 3.2% China Serbia EU-28 3.8 % 70.5% 12.6%MK
5.9 %EU Financial assistance to FYR Macedonia
under IPA II (2014-2020 allocations)
Preferential loans to FYR Macedonia
EIB finance contracts signed in 2010-2016;
EBRD activity in FYR Macedonia to date.
122.9
112.9
112.9
106.3
83.0
73.0
53.2
Democracy and governance Environment and climate action Transport
Agriculture and rural development
Rule of law and fundamental rights
Competitiveness and innovation
Education, employment and social policies
€664.2
million
IPA II: Instrument for Pre-accession Assistance
EIB
EBRD
435
1 654
0
400
800
1 200 1 600 2 000
EIB
EBRD
€ million
Energy Services Water, sewerage Transport Credit lines Credit lines: 64% Transport: 23% € 435 million Energy: 0.1% Water, sewerage: 11% Services: 1% NotesGlobalStat is a project developed by the European University Institute’s Global Governance Programme (Italy) and the Francisco Manuel dos Santos Foundation (Portugal). Data sources for page 1: GDP figures and inflation are from IMF WEO (October 2017) and Eurostat (2018); Labour market data are from World Bank WDI based on ILO KILM (2017); FDI and remittances data are estimates from World Bank staff based on IMF BoP data (2017); HDI and GINI are from UNDP HDR (2016) and are re-scaled (**) from 0 - 1 to 0 - 100 for better comparability - GINI is an average value computed on 2005-2013; CPI is from Transparency International (2017); Doing Business data are from the World Bank Group - Doing Business Unit (2017).
Data sources for page 2: EU trade with FYR Macedonia, Main trade partners (EU), Top EU partners (goods), EU exports of goods to FYR Macedonia (%) and EU imports of goods from FYR Macedonia (%) are from ComExt, Eurostat; Other APEC members = Australia, Brunei Darussalam, Canada, Chile, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Singapore, South Korea, Thailand and Vietnam; Trade in services are from Eurostat; Main trade partners (FYR Macedonia) are from IMF; EU Financial assistance to FYR Macedonia under IPA II (2014-2020 allocations) are from European Commission; Preferential loans to FYR Macedonia are from EIB (European Investment Bank) and from European Bank for Reconstruction and Development (EBRD).
* This designation is without prejudice to positions on status, and is in line with UN Security Council Resolution 1244 and the ICJ opinion on the Kosovo declaration of independence. The authors acknowledge the assistance of Nadejda Kresnichka-Nikolchova in preparing graphics, and Enrico Di Gaspero in collecting data for this publication. This document is prepared for, and addressed to, the Members and staff of the European Parliament as background material to assist them in their parliamentary work. The content of the document is the sole responsibility of its author(s) and any opinions expressed herein should not be taken to represent an official position of the Parliament. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. © European Union & GlobalStat, 2018.
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