Facts About Macedonia

  • Location: Southeastern Europe

  • Geographic coordinates: 41 50 N, 22 00 E

  • Area: 25,713 sq km

  • GDP based on PPP per capita: $10,717 (2012 est)

  • Unemployment rate: 28,7% (2013 est.)

  • Investment (gross fixed): 21.4% of GDP (2009 est.)

  • Budget: Revenues: $3.287 billion Expenditures: $3.681 billion (2013 est.)

  • Foreign Direct Investments: €130. 5 million (July 2013 est.)

Investment Sectors

Macedonia is a small, but rather diversified economy. The sectors identified as having the most investment and/or export potential include:

1. Automotive components

2. Information communications technology

3. Healthcare products (pharmaceuticals and medical devices)

4. Agribusiness and food processing industry

5. Mechanical industry

6. Clothing, textiles and leather

7. Tourism

8. Metals and metal products

9. Chemicals

10. Energy

11. Construction and mineral resources

12. Tobacco and cigarettes

13. Real estate

Technological–Industrial Development Zones

Technological–Industrial Development Zones (TIDZs) are centers in which highly productive clean manufacturing activities are concentrated and new technologies are developed. Macedonia offers additional incentives for development in the TIDZs, in addition to those normally associated with free economic zones.

1. 0% personal and corporate income tax for the first 10 years (10% thereafter)

2. No VAT and customs duties for export production

3. Subsidy of up to €500,000 towards building costs

4. Land lease for up to 99 years at attractive concessionary rates

5. Free connection to utilities

6. Green Customs Channel expediting exports to the EU

7. Advantageous location – access to pan-European corridors 8 and 10, railroad, and international airport

Geography

Location:Southeastern Europe
Geographic Coordinates:41 50 N, 22 00 E

Area

  • Total:25,713 sq km (2012)
  • Land:24,856 sq km (2012)
  • Water:857 sq km

Land Boundaries:

  • Total:766 km
  • Border Countries:Kosovo 159 km, Serbia 62 km, Albania 151 km, Bulgaria 148 km, Greece 246 km.

Terrain:

Mountainous territory covered with deep basins and valleys; three large lakes, each divided by a frontier line; country bisected by the Vardar River.

Elevation Extremes:

  • Lowest Point:River Vardar 50 m
  • Highest Point:Mountainous Korab 2,764 m.

Natural Resources:

Low-grade iron ore, copper, lead, zinc, chromite, manganese, nickel, tungsten, gold, silver, asbestos, gypsum, timber, arable land. Land use:

  • Arable Land:16.01%
  • Permanent Crops: 1.36%
  • Other:82.54%
  • Irrigated Land:1278 sq km (2011)

People

  • Population:2,062,294 (2012)
  • Age Structure:0.9 % aged 0-14 years3.5 % aged 15-24 years22.5 % aged 25-44 years48.5 % aged 45-64 years24.5 % aged 65 years and over

Median Age:

  • Total:36.5
  • Male:34
  • Female:35

National Currency:

  • Macedonian Denar (MKD)

Sex Ratio:

  • At Birth:1.08 male(s)/female
  • Under 15 Years:1.07 male(s)/female
  • 15-64 Years:1.02 male(s)/female
  • 65 Years and Over:0.78 male(s)/female
  • Total Population:0.99 male(s)/female (2013)

Life Expectancy At Birth:

  • Total Population:74.90 years
  • Male:73.00 years
  • Female:76.90 years (2012)

Nationality:

  • Noun:Macedonian(s)
  • Adjective:Macedonian
  • Official Language:Macedonian
  • Other Common Languages Spoken:Albanian, English, Turkish, German, Roma, Serbian.

Literacy:

  • Definition:Age 15 and over can read and write (2010)
  • Total Population:97.4%
  • Male:98.7%
  • Female:95.9% (2010)