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  • THE FORMER YUGOSLAV REPUBLIC OF MACEDONIA

  • The former Yugoslav Republic of Macedonia

    The former Yugoslav Republic of Macedonia

    DEVELOPMENT CHALLENGES 

    The former Yugoslav Republic of Macedonia (FYROM) obtained its independence from the former Yugoslavia in 1991 and, since then, has made significant process in its transition to democracy and a functional market economy. During the post-independence period, the country maintained relatively high economic stability, characterized by slow and steady growth but accompanied by several severe shocks. GDP grew by 3% on average per year between 1996 and 2008. A recent graduate from “lower-middle” to “upper-middle” income status, FYROM had a GNI per capita of US$4,520 in 2010. The country ranked 78th of 187 countries on the Human Development Index (HDI), which was “highly” valued at 0.728. However, the global financial crisis hit the country in 2009, which experienced an economic contraction of 0.9%, and recovery in 2010 was modest. The country also faces a number of development challenges.

    • Poverty and inequality
    • High unemployment and labour migration
    • Skills gap
    • Weak governance and institutional capacity

    KEY TRADE ISSUES 

    • Weak competitiveness, low productive capacity and trade deficit
    • Market concentration
    • Underdeveloped transport infrastructure
    • Continued need to improve the business environment

    GOVERNMENT PRIORITIES 

    FYROM’s top strategic priority is to join the EU, and the country was granted candidate status in December 2005. The Government believes that EU membership is the most certain path to achieving accelerated human development, as the EU accession agenda also acts to strengthen social unity and enjoys wide support from the population.

    On the road to the EU, the National Development Plan 2008-2013 outlines the Government’s EU-compatible national development priorities. They are to:

    • Build a more socially inclusive society by protecting and empowering the marginalized and building good inter-ethnic relations based on the principles of tolerance and respect;
    • Improve through decentralization the overall efficiency of the public sector and increase the quality of public services to better the life of all citizens, while also strengthening democratic processes, national solidarity and cohesion in the country; and
    • Strengthen the national capacities for integrated environmental management and enhance the administrative capacities at the central and local levels for the enforcement and fulfilment of obligations of regional and global conventions.

    More detailed information on The former Yugoslav Republic of Macedonia can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.