Former Yugoslav Republic of Macedonia
Recent Economic Developments

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Abstract

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Table 1.

FYRM: Gross Social Product

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Sources: The authorities; and staff estimates.
Table 2.

FYRM: Gross Social Product by Sector

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Sources: The authorities; and staff estimates.
Table 3.

FYRM: Gross Social Product and Aggregate Demand

(In millions of denars)

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Sources: Data provided by the authorities, and staff estimates.

Ministry of Development estimates

Table 4.

FYRM: Industrial Output

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Sources: Statistical Office; and Ministry of Development.
Table 5.

FYRM: Agricultural Output

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Sources: Data provided by the Statistical Office; and Ministry of Development.
Table 6.

FYRM: Primary Energy Production and Consumption 1/

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Source: Data provided by the authorities.

Consumption encompasses all forms of use, including further transformation, additions to stocks, and non-energy uses.

Thousands of terajoules (1015 joules).

Table 7.

FYRM: Secondary Energy Production and Consumption

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Source: Data provided by the authorities

1015 joules.

Primary plus secondary energy imports relative to secondary energy consumption.

Table 8.

FYRM: Labor Force, Employment, and Unemployment

(Annual averages)

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Source: Data provided by the authorities.

These data are independently derived from census figures and are generally less than the sum of the employed, the self-employed, the active agricultural population and the registered unemployed, reportedly due to overlap between these subcategories, in particular, some registered unemployed are said to be also included in the active agricultural population or the private sector.

Economically active population minus workers temporarily employed abroad.

In percent of the sum of social and private sector employment

Table 9.

FYRM: Output, Employment, Wages and Prices in Industry

(Annual percent change)

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Sources: Data provided by the authorities.

In constant prices.

Based in part on staff estimates.

Table 10.

FYRM: Nominal and Real Net Personal Income Per Worker in the Enterprise Sector 1/

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Source: Data provided by the Statistical Office.

Actual take home pay of employees.

Change from corresponding period of preceding year.

On May 15, 1993, denar was re-denominated and 100 denars was equal to 1 new denar.

Table 11.

FYRM: Net Personal Income per Employee, By Sector 1/

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Sources: Data provided by Statistical Office; and Ministry of Development.

Actual take home pay of employees.

Table 12.

FYRM: Income and Outlays of Population

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Sources: Statistical Office; and Ministry of Development, and staff estimates.

Calculated in the Ministry of Development by using its methodology different than the Statistical Office’s

The data “income from collective consumption” are included in “gross personal income from employment for 1992 onwards.

Consumption is calculated as a residual.

Savings from 1993 and 1994 include interests from previous savings, as they are treated as deferred savings.

Exclusive of revaluation of foreign exchange accounts.

Table 13.

FYRM: Enterprises Experiencing Liquidity Problems

(End-of-period)

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Sources: Data provided by the Payments Operation Service; and Ministry of Development.

Those enterprises whose accounts with the Payments Operation Service do not contain sufficient funds to cover payment obligations as at the last day of the period.

Table 14.

FYRM: Profit Performance of the Enterprise Sector

(In percent of GDP)

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Source: Enterprise income statements as reported by Payment Operations System (POS).
Table 15.

FYRM: Price Indices

(Percent change)

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Sources: National Bank, Statistical Office and Ministry of Development

Annual figures refer to December-on-December inflation.

Annual figures refer to annual average inflation.

Preliminary estimates.