trgovska razmena According to the preliminary data of the State Statistical Office, the total value of exported goods   from the Republic of Macedonia in the period January-June 2018 amounted to 169 098 440   thousand denars, a 13.4 % increase compared to the same period last year. The value of imported goods in the same period was 225 660 248 thousand denars, or 10.8 % more than the same period last year.

The trade deficit in the period January-June 2018 was 56 561 808 thousand denars. Import coverage by export in the period January-June 2018 was 74.9 %.

 

According to the data of the State Statistical Office, the index of the average monthly gross wage paid per employee in May 2018, compared to May 2017, was 107.0.

This increase is caused by the increase of the average monthly gross wage paid per employee in the sectors: Accommodation and food service activities (21.3%), Financial and insurance activities (17.4%) and Information and communication (15.7%). An increase in the average monthly gross wage paid per employee compared to the previous month was recorded in the sectors: Financial and insurance activities (19.0%), Accommodation and food service activities (12.1%) and Construction (3.4%).

The average monthly gross wage paid per employee in May 2018 was 35 983 denars.

 

According to the data of the State Statistical Office, the index of the average monthly gross wage paid per employee in April 2018, compared to April 2017, was 105.5.

This increase is caused by the increase of the average monthly gross wage paid per employee in the sectors: Mining and quarrying (32.1%), Manufacturing (13.1%) and Accommodation and food service activities (11.3%). An increase in the average monthly gross wage paid per employee compared to the previous month was recorded in the sectors: Mining and quarrying (13.3%), Administrative and support service activities (4.1%) and Wholesale and retail trade; repair of motor vehicles and motorcycles (3.5%).

The average monthly gross wage paid per employee in April 2018 was 35 117 denars.

Source: State Statistical Office of RM (2018).

According to the estimated data, the growth rate of the Gross Domestic Product (GDP) in the first quarter of 2018 was 0.1%.

In this quarter, the largest increase was recorded in sections: R, S and T - Arts, entertainment and recreation; Other service activities; Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use by 12.1%; G, H and I - Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities by 10.5% and M and N - Professional, scientific and technical activities;

Administrative and support service activities by 8.5%. In the first quarter of 2018, Household final consumption, including Non-profit institutions serving households, increased by 4.0% in nominal terms, and its share in the GDP structure was 64.3%. In the same period, Export of goods and services increased by 10.4% in nominal terms, while Import of goods and services increased by 9.1%.

Source: State Statistical Office of RM (2018).

Macedonia is ranked 63th in world list of Best Countries for Business,which publishes the American magazine Forbes. This is a decline of 28 positions compared to last year's ranking when Macedonia was on the 35th position in the world. This year as the best country for doing business is the UK placed first out of 153 countries. American magazine measured 15 different factors of business development, as taxes, personal and economic liberty, bureaucracy, property rights, innovation, corruption, technology, trade and monetary freedom and the protection of investors. The second best country for doing business is New Zealand, the Netherlands third, Sweden's fourth and fifth Canada. At the very bottom of the list 150th place is Afghanistan, Haiti is 151st place, Gambia 152nd and Chad 153th place. In the region, the best ranked is Slovenia at 32nd position, Croatia is ranked 51st place, Montenegro on 68th place, Serbia at 69th, Albania 71st, Bosnia and Herzegovina on 97th place.

 

According to the estimated data, the growth rate of the Gross Domestic Product (GDP) in the third quarter of 2017 was 0.2%.

In this quarter, the biggest increase was recorded in sections: G, H and I - Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities by 9.8%; A - Agriculture, forestry and fishing by 3.8% and L - Real estate activities by 0.9%.

 In the third quarter of 2017, Household final consumption, including Non-profit institutions serving households, increased by  5.0% in nominal terms, and its share in the GDP structure was 65.5%.

In the same period, Export of goods and services increased by 9.8% in nominal terms, while Import of goods and services  increased by 5.0%.

 

According to the State Statistical Office data, the industrial production volume index in October 2017, in comparison with October 2016, was 101.3.

The industrial production in the section Mining and quarrying in October 2017, in comparison with October 2016, decreased by 10.6%, in the section Manufacturing it increased by 2.1%, while in the section Electricity, gas, steam and air conditioning supply it increased by 6.5%.

The increase in the section Manufacturing is mostly due to increased production in the divisions Manufacture of tobacco products, Manufacture of basic pharmaceutical products and pharmaceutical preparations, Manufacture of rubber and plastic products, Manufacture of other non-metallic mineral products, Manufacture of fabricated metal products, except machinery and equipment, Manufacture of electrical equipment, Manufacture of machinery and equipment n.e.c. and Manufacture of motor vehicles, trailers and semi-trailers.

The industrial production by Main Industrial Groupings in October 2017, in comparison with October 2016, was higher in Energy by 4.0% and Capital goods by 15.4%, but lower in Intermediate goods, except energy by 2.8%, Durable consumer goods by 9.4% and Non-durable consumer goods by 3.1%. The industrial production index in the period January - October 2017, in comparison with January - October 2016, was 100.1.