Names: conventional long form: Republic of Macedonia conventional short form: Macedonia local long form: Republika Makedonija local short form: Makedonija note: the provisional designation used by the UN, EU, and NATO is Former Yugoslav Republic of Macedonia (FYROM) former: People's Republic of Macedonia, Socialist Republic of Macedonia
Capital City: Skopje
Population: 2,050,554 (July 2006 est.)
GDP Per Capita: $8,200 (2006 est.)
Currency: Macedonian denar (MKD)
Languages: Macedonian 66.5%, Albanian 25.1%, Turkish 3.5%, Roma 1.9%, Serbian 1.2%, other 1.8% (2002 census)
Total Area: total: 25,333 sq km land: 24,856 sq km water: 477 sq km slightly larger than Vermont
Region: Europe
Industries: food processing, beverages, textiles, chemicals, iron, steel, cement, energy, pharmaceuticals
Agriculture: grapes, wine, tobacco, vegetables; milk, eggs
Resources: low-grade iron ore, copper, lead, zinc, chromite, manganese, nickel, tungsten, gold, silver, asbestos, gypsum, timber, arable land
Labor Force:
880,000 (2006 est.)
agriculture: 21.7% industry: 32.6% services: 45.7% (September 2006)
Exports:
$2.341 billion f.o.b. (2006 est.)
food, beverages, tobacco; textiles, miscellaneous manufactures, iron and steel
Imports:
$3.631 billion f.o.b. (2006 est.)
machinery and equipment, automobiles, chemicals, fuels, food products
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 2003-06. 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 grey market, estimated to be more than 20 percent of GDP, that falls outside official statistics.
In 2007 Missouri exported $332,974 in goods to Macedonia, The Former Yugoslav Republic Of. This ranks Macedonia, The Former Yugoslav Republic Of 163rd among the 223 international buyers of Missouri goods. Missouri exports to Macedonia, The Former Yugoslav Republic Of increased from the previous year by $301,895 a change of 971.38%. State exports to Macedonia, The Former Yugoslav Republic Of have increased over the last 5 years by $332,974 a change of NA. Missouri exports account for .00%. of all 2007 US exports to Macedonia, The Former Yugoslav Republic Of.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | NA | 7,734 | 341,055 | 223,305 | 31,079 | 332,974 | |
| 000 - Total All Industries US | 18,677,158 | 26,337,218 | 21,211,413 | 31,556,267 | 22,426,182 | 33,561,327 | |