Compare Macedonia (2008) - Macedonia (2007)

Compare Macedonia (2008) z Macedonia (2007)

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	Macedonia (2008)	Macedonia (2007)

Background	Macedonia gained its independence peacefully from Yugoslavia in 1991, but Greece's objection to the new state's use of what it considered a Hellenic name and symbols delayed international recognition, which occurred under the provisional designation of "the Former Yugoslav Republic of Macedonia." In 1995, Greece lifted a 20-month trade embargo and the two countries agreed to normalize relations. The United States began referring to Macedonia by its constitutional name, Republic of Macedonia, in 2004 and negotiations continue between Greece and Macedonia to resolve the name issue. Some ethnic Albanians, angered by perceived political and economic inequities, launched an insurgency in 2001 that eventually won the support of the majority of Macedonia's Albanian population and led to the internationally-brokered Framework Agreement, which ended the fighting by establishing a set of new laws enhancing the rights of minorities. The undetermined status of neighboring Kosovo, implementation of the Framework Agreement, and slow economic growth continue to be challenges for Macedonia.	Macedonia gained its independence peacefully from Yugoslavia in 1991, but Greece's objection to the new state's use of what it considered a Hellenic name and symbols delayed international recognition, which occurred under the provisional designation of "the Former Yugoslav Republic of Macedonia." In 1995, Greece lifted a 20-month trade embargo and the two countries agreed to normalize relations. The United States began referring to Macedonia by its constitutional name, Republic of Macedonia, in 2004 and negotiations continue between Greece and Macedonia to resolve the name issue. Some ethnic Albanians, angered by perceived political and economic inequities, launched an insurgency in 2001 that eventually won the support of the majority of Macedonia's Albanian population and led to the internationally-brokered Framework Agreement, which ended the fighting by establishing a set of new laws enhancing the rights of minorities. The undetermined status of neighboring Kosovo, implementation of the Framework Agreement, and a weak economy continue to be challenges for Macedonia.
Budget	revenues: $2.381 billion expenditures: $2.456 billion (2007 est.)	revenues: $2.132 billion expenditures: $2.167 billion (2006 est.)
Debt - external	$2.561 billion (31 December 2007 est.)	$2.365 billion (2006 est.)
Economic aid - recipient	$230.3 million (2005)	$NA (2005)
Economy - overview	At independence in September 1991, Macedonia was the least developed of the Yugoslav republics, producing a mere 5% of the total federal output of goods and services. The collapse of Yugoslavia ended transfer payments from the central government and eliminated advantages from inclusion in a de facto free trade area. An absence of infrastructure, UN sanctions on the downsized Yugoslavia, and a Greek economic embargo over a dispute about the country's constitutional name and flag hindered economic growth until 1996. GDP subsequently rose each year through 2000. However, the leadership's commitment to economic reform, free trade, and regional integration was undermined by the ethnic Albanian insurgency of 2001. The economy shrank 4.5% because of decreased trade, intermittent border closures, increased deficit spending on security needs, and investor uncertainty. Growth barely recovered in 2002 to 0.9%, then averaged 4% per year during 2003-07. Macedonia has maintained macroeconomic stability with low inflation, but it has so far lagged the region in attracting foreign investment and job creation despite making extensive fiscal and business sector reforms. Official unemployment remains the highest in Europe at 35%, but may be somewhat overstated based on the existence of an extensive gray market, estimated to be more than 20 percent of GDP, that falls outside official statistics.	At independence in September 1991, Macedonia was the least developed of the Yugoslav republics, producing a mere 5% of the total federal output of goods and services. The collapse of Yugoslavia ended transfer payments from the central government and eliminated advantages from inclusion in a de facto free trade area. An absence of infrastructure, UN sanctions on the downsized Yugoslavia, and a Greek economic embargo over a dispute about the country's constitutional name and flag hindered economic growth until 1996. GDP subsequently rose each year through 2000. However, the leadership's commitment to economic reform, free trade, and regional integration was undermined by the ethnic Albanian insurgency of 2001. The economy shrank 4.5% because of decreased trade, intermittent border closures, increased deficit spending on security needs, and investor uncertainty. Growth barely recovered in 2002 to 0.9%, then averaged 4% per year during 2003-06. Macedonia has maintained macroeconomic stability with low inflation, but it has lagged the region in attracting foreign investment, and job growth has been anemic. Macedonia has an extensive gray market, estimated to be more than 20 percent of GDP, that falls outside official statistics.
Exchange rates	Macedonian denars per US dollar - 45.174 (2007), 48.978 (2006), 48.92 (2005), 49.41 (2004), 54.322 (2003)	Macedonian denars per US dollar - 48.978 (2006), 48.92 (2005), 49.41 (2004), 54.322 (2003), 64.35 (2002)
Exports	4,134 bbl/day (2004)	NA bbl/day
GDP - composition by sector	agriculture: 12.1% industry: 28.6% services: 59.3% (2007 est.)	agriculture: 12.6% industry: 29.5% services: 57.9% (2006 est.)
GDP - real growth rate	4.6% (2007 est.)	3.1% (2006 est.)
Household income or consumption by percentage share	lowest 10%: 2.4% highest 10%: 29.6% (2003)	lowest 10%: NA% highest 10%: NA% (2003)
Imports	23,150 bbl/day (2004)	NA bbl/day
Industrial production growth rate	1.6% (2007 est.)	3.4% (2006 est.)
Inflation rate (consumer prices)	2% (2007 est.)	3.2% (2006 est.)
International organization participation	BIS, CE, CEI, EAPC, EBRD, FAO, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM (observer), IPU, ISO, ITU, ITUC, MIGA, OIF, OPCW, OSCE, PCA, PFP, SECI, UN, UNCTAD, UNESCO, UNIDO, UNIFIL, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO	BIS, CE, CEI, EAPC, EBRD, FAO, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM (observer), IPU, ISO, ITU, ITUC, MIGA, OIF, OPCW, OSCE, PCA, PFP, SECI, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO
Labor force	890,000 (2007 est.)	880,000 (2006 est.)
Pipelines	gas 268 km; oil 120 km (2007)	gas 268 km; oil 120 km (2006)
Political parties and leaders	Democratic Alliance [Pavle TRAJANOV]; Democratic League of Bosniaks [Rafet MUMINOVIC]; Democratic Party of Albanians or PDSh/DPA [Menduh THACI]; Democratic Party of Serbs [Ivan STOILJKOVIC]; Democratic Party of Turks [Kenan HASIPI]; Democratic Renewal of Macedonia [Liljana POPOVSKA]; Democratic Union of Albanians or BDSh [BardYL MAHMUTI]; Democratic Union of Vlachs for Macedonia [Mitko KOSTOV]; Democratic Union for Integration or BDI/DUI [Ali AHMETI]; Internal Macedonian Revolutionary Organization-Democratic Party for Macedonian National Unity or VMRO-DPMNE [Nikola GRUEVSKI]; Internal Macedonian Revolutionary Organization-People's Party or VMRO-Narodna [Gjorgji TRENDAFILOV]; League for Democracy [Gjorgi MARJANOVIC]; Liberal Democratic Party or LDP [Jovan MANSIEVSKI]; Liberal Party [Stojan ANDOV]; National Alternative [Harun ALIU]; National Democratic Union or BDK [Hysni SHAQIR]; New Social Democratic Party or NSDP [Tito PETKOVSKI]; Party for Democratic Prosperity or PPD/PDP [Abduljhadi VEJSELI]; Party for European Future or PEI [Fijat CANOSKI]; Party of Free Democrats or PSD [Ljubco JORDANOVSKI]; Social Democratic Alliance of Macedonia or SDSM [Radmila SEKERINSKA]; Socialist Party of Macedonia or SP [Ljubisav IVANOV-ZINGO]; Union of Romas or SR [Saliu SHABAN]; United Party for Emancipation or OPE [Nezdet MUSTAFA]	Democratic Alliance [Pavle TRAJANOV]; Democratic League of the Bosniaks [Rafet MUMINOVIC]; Democratic Party of Albanians or PDSh/DPA [Arben XHAFERI]; Democratic Party of Serbs [Ivan STOILJKOVIC]; Democratic Party of Turks [Kenan HASIPI]; Democratic Renewal of Macedonia [Liljana POPOVSKA]; Democratic Union of Vlachs for Macedonia [Mitko KOSTOV]; Democratic Union for Integration or BDI/DUI [Ali AHMETI]; Internal Macedonian Revolutionary Organization-Democratic Party for Macedonian National Unity or VMRO-DPMNE [Nikola GRUEVSKI]; Internal Macedonian Revolutionary Organization-People's Party or VMRO-Narodna [Vesna JANEVSKA]; League for Democracy [Gjorgi MARJANOVIC]; Liberal Democratic Party or LDP [Risto PENOV]; Liberal Party [Stojan ANDOV]; National Alternative [Harun ALIU]; National Democratic Party-New Democratic Forces or PDK-FRO [Hysni SHAQIR]; New Social Democratic Party or NSDP [Tito PETKOVSKI]; Party for Democratic Future [Alajdin DEMIRI]; Party for Democratic Prosperity or PPD/PDP [Abduljhadi VEJSELI]; Party for European Future or PEI [Fijat CANOSKI]; Social Democratic Alliance of Macedonia or SDSM [Radmila SEKERINSKA]; Socialist Party of Macedonia or SP [Ljubisav IVANOV-ZINGO]; Union of Romas or SR [Saliu SHABAN]; United Party for Emancipation or OPE [Nezdet MUSTAFA]
Telephone system	general assessment: competition from the mobile-cellular segment of the telecommunications market has led to a drop in fixed-line telephone subscriptions domestic: combined fixed line and mobile telephone density exceeds 90 per 100 persons international: country code - 389	general assessment: NA domestic: NA international: country code - 389
Unemployment rate	35% (2007 est.)	36% (2006 est.)

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