Macedonia
Real Estate Macedonia
Macroeconomic Stability | Macroeconomic Stability |
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| 2003 | 2004 | 2005 | 2006 | |
| Real GDP growth (%) |
2.8 | 4.1 | 3.8 | 3.2 |
| Annual inflation (%) |
1.2 | -0.4 | 0.5 | 3.2 |
| Export (USD bn) | 1.37 | 1.68 | 2.04 | 2.40 |
| FDI (USD m) | 96.3 | 157.0 | 99.8 | 350.5 |
| Unemployment Rate (%) |
36.7 | 37.2 | 37.3 | 35.9 |
| MKD / 1 USD |
54.3 | 49.4 |
49.3 |
48.8 |
| MKD / 1 EUR |
61.3 |
61.3 |
61.3 |
61.2 |
Source: State Statistical Office, National Bank of the Republic of Macedonia
Closer relations between Macedonia and the European Union, as well as the strong commitment of the Government to implement necessary structural reforms, are expected to give an impetus to economic growth in the medium-run, forecasted at 6-8%.
CREDIT RATINGS
| Foreign Currency Rating | Local Currency Rating | |
| Standard & Poors |
BB+, Stable | BBB-, Stable |
| Fitch Ratings | BB+, Positive | BB+, Positive |
| Japan Credit Rating Agency |
BB+, Stable |
BBB-, Stable |
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