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Even after covering the vast gap, Macedonia economy and business are counted amongst the least developed economies. Though the country has been successful in maintaining macroeconomic stability with low inflation rate, it has not yet succeeded in attracting foreign investments. Moreover, the unemployment ratio is very high.
The current purchasing power parity at Macedonia is $16.96 billion whereas the official exchange rate is $5.601 billion. In the year 2006, the actual growth rate in GDP was estimated to be around 3.1% whereas the per capita income was calculated around $8300. In the same year, it was estimated that service industry generated and contributed the highest revenue in the economy of Macedonia. It was followed by industries and agriculture sector.
One can easily set up a business in Macedonia, that too 30 days in advance of the normal world average which is 48 days. Obtaining a license for starting a business at Macedonia is very easy. National regulatory environment regulates the commencement, functioning and closure of a business enterprise.
The biggest achievement of economy and business in Macedonia is the country's membership in both NATO and European Union. Service sector, industrial sector and agriculture sector are the key components on which the smooth functioning of Macedonia economy and business depend upon.
To find out more regarding Macedonia economy and business, please check out the given links:
Macedonia Economy and Business |
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