North Macedonia Business Confidence Growth

2002 - 2022 | Monthly | % Point | CEIC Data

Key information about North Macedonia Business Confidence Growth

  • North Macedonia Business Confidence dropped by 2.9 % in Dec 2022, compared with a decrease of 2.9 % YoY in the previous month.
  • North Macedonia Business Confidence: YoY Change is updated monthly, available from Apr 2002 to Dec 2022, with an averaged rate of -12.8 %.
  • The data reached an all-high of 34.3 % in Jul 2011 and a record low of -24.8 % in Jun 2009.

CEIC calculates Business Confidence Change from monthly Business Situation Appraisal. The State Statistical Office of the Republic of North Macedonia used to provide Business Situation Appraisal with range from -100 to 100 with neutral point 0. Business Confidence covers Manufacturing sector only.

View North Macedonia's Business Confidence Growth from Apr 2002 to Dec 2022 in the chart:

North Macedonia Business Confidence Growth

What was North Macedonia's Business Confidence Growth in Dec 2022?

North Macedonia Business Confidence dropped by 2.9 % in Dec 2022, compared with a decrease of 2.9 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2.9 Dec 2022 -2.9 Nov 2022 -24.8 Jun 2009 34.3 Jul 2011 % Point monthly Apr 2002 - Dec 2022

Business Confidence Growth by Country Comparison

country/region Last Frequency Range
Albania (% Point) 1.1 Sep 2025 quarterly Jun 2017 - Sep 2025
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 1.0 Oct 2025 monthly Jul 2013 - Oct 2025
Austria (% Point) 8.0 Nov 2025 monthly Jan 1986 - Nov 2025
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) 6.8 Nov 2025 monthly Jan 1981 - Nov 2025
Brazil (% Point) -10.6 Oct 2025 monthly Jan 2010 - Oct 2025
Bulgaria (% Point) -3.5 Nov 2025 monthly Jan 1994 - Nov 2025
Canada (% Point) 0.8 Oct 2025 monthly Dec 2001 - Oct 2025
Chile (% Point) -3.6 Oct 2025 monthly Nov 2004 - Oct 2025
China (% Point) -2.2 Nov 2025 monthly Jan 2006 - Nov 2025
Colombia (% Point) 5.3 Oct 2025 monthly Jan 1981 - Oct 2025
Croatia (% Point) 5.6 Nov 2025 monthly May 2009 - Nov 2025
Cyprus (% Point) -18.5 Nov 2025 monthly May 2003 - Nov 2025
Czech Republic (% Point) 2.0 Nov 2025 monthly Mar 1994 - Nov 2025
Denmark (% Point) -20.3 Nov 2025 monthly Jan 1986 - Nov 2025
Ecuador (% Point) 9.4 Oct 2025 monthly Feb 2011 - Oct 2025
Estonia (% Point) 1.4 Nov 2025 monthly May 2002 - Nov 2025
European Union (% Point) 0.9 Nov 2025 monthly Jan 1986 - Nov 2025
Finland (% Point) 1.1 Nov 2025 monthly Jan 1994 - Nov 2025
France (% Point) 1.3 Nov 2025 monthly Jan 1986 - Nov 2025
Georgia (% Point) 26.8 Sep 2025 quarterly Dec 2014 - Sep 2025
Germany (% Point) 8.0 Nov 2025 monthly Jan 1992 - Nov 2025
Ghana (%) 14.8 Oct 2025 monthly Dec 2013 - Oct 2025
Greece (% Point) -3.1 Nov 2025 monthly Jan 1986 - Nov 2025
Hong Kong SAR, China (% Point) 1.0 Dec 2025 quarterly Mar 2009 - Dec 2025
Hungary (% Point) 1.8 Nov 2025 monthly Jan 1997 - Nov 2025
Iceland (% Point) -30.5 Sep 2025 quarterly Dec 2003 - Sep 2025
India (% Point) 6.0 Dec 2025 quarterly Jun 2001 - Dec 2025
Indonesia (% Point) -0.4 Dec 2025 quarterly Mar 2011 - Dec 2025
Israel (% Point) 4.5 Oct 2025 monthly Jan 2016 - Oct 2025
Italy (% Point) 3.6 Nov 2025 monthly Jan 1986 - Nov 2025
Japan (% Point) -1.0 Dec 2025 quarterly Mar 2005 - Dec 2025
Kazakhstan (% Point) 1.0 Dec 2024 quarterly Mar 2009 - Dec 2024
South Korea (% Point) 5.0 Dec 2025 monthly Feb 2004 - Dec 2025
Latvia (% Point) 2.1 Nov 2025 monthly Apr 1994 - Nov 2025
Lithuania (% Point) -2.3 Nov 2025 monthly Apr 2004 - Nov 2025
Luxembourg (% Point) -9.8 Nov 2025 monthly Jan 1986 - Nov 2025
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) 25.2 Sep 2024 quarterly Mar 2004 - Sep 2024
Malta (% Point) -10.1 Nov 2025 monthly Nov 2003 - Nov 2025
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -6.2 Oct 2025 monthly Jan 2005 - Oct 2025
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) 2.4 Oct 2025 monthly Jan 1986 - Oct 2025
New Zealand (% Point) 10.2 Oct 2025 monthly Aug 2003 - Oct 2025
Nigeria (% Point) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025
Norway (% Point) 6.1 Nov 2025 monthly Feb 2005 - Nov 2025
Palestinian Territory (% Point) 3.9 Oct 2025 monthly Apr 2014 - Oct 2025
Peru (% Point) 8.3 Oct 2025 monthly Apr 2003 - Oct 2025
Philippines (% Point) -16.0 Sep 2025 quarterly Jun 2002 - Sep 2025
Poland (% Point) 3.8 Nov 2025 monthly Jul 2006 - Nov 2025
Portugal (% Point) 4.5 Nov 2025 monthly Jan 1988 - Nov 2025
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -1.7 Nov 2025 monthly Jul 1992 - Nov 2025
Russia (% Point) -5.0 Oct 2025 monthly Jan 2006 - Oct 2025
Serbia (% Point) -0.2 Nov 2025 monthly May 2014 - Nov 2025
Singapore (% Point) -1.6 Oct 2025 monthly Jan 2000 - Oct 2025
Slovakia (% Point) -7.0 Nov 2025 monthly Jan 1994 - Nov 2025
Slovenia (% Point) 3.2 Nov 2025 monthly May 1996 - Nov 2025
South Africa (% Point) -11.6 Nov 2025 monthly Sep 2000 - Nov 2025
Spain (% Point) 2.0 Nov 2025 monthly Jan 1994 - Nov 2025
Sri Lanka (% Point) 5.8 Oct 2025 monthly May 2016 - Oct 2025
Sweden (% Point) 4.2 Oct 2025 monthly Nov 1995 - Oct 2025
Switzerland (% Point) -2.0 Oct 2025 monthly Jan 1996 - Oct 2025
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 1.4 Nov 2025 monthly Feb 2000 - Nov 2025
Turkey (% Point) -0.2 Nov 2025 monthly Jan 2008 - Nov 2025
Ukraine (% Point) 3.6 Sep 2025 quarterly Sep 2013 - Sep 2025
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 3.6 Oct 2025 monthly Jan 1949 - Oct 2025
Uruguay (% Point) -6.8 Oct 2025 monthly Oct 1999 - Oct 2025

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North Macedonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 2024 yearly 1993 - 2024
Consolidated Fiscal Balance (USD mn) -764.028 2024 yearly 2009 - 2024
Tax Revenue (USD mn) 302.270 Sep 2025 monthly Jan 2004 - Sep 2025
Tax Revenue: % of GDP (%) 18.4 Jun 2025 quarterly Mar 2004 - Jun 2025
National Government Debt (USD mn) 10,002.3 Jun 2025 quarterly Dec 2009 - Jun 2025
Government Debt: % of GDP (%) 53.4 Jun 2025 quarterly Dec 2009 - Jun 2025
Forecast: Government Expenditure (MKD bn) 502.991 2030 yearly 1997 - 2030
Forecast: Government Net Debt (MKD bn) 752.318 2030 yearly 1999 - 2030
Forecast: Government Revenue (MKD bn) 468.709 2030 yearly 1997 - 2030
Central Government Budget Balance (MKD mn) -4,600.000 Feb 2025 monthly Jan 2004 - Feb 2025
Central Government Budget: Expenditure: Capital (MKD mn) 447.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Revenue (MKD mn) 24,547.000 Feb 2025 monthly Jan 2004 - Feb 2025
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 6,278.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,364.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Expenditure: Current (MKD mn) 25,572.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Expenditure (MKD mn) 26,019.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Financing (MKD mn) 4,600.000 Feb 2025 monthly Jan 2004 - Feb 2025
Public Debt: Domestic (EUR mn) 3,800.301 2024 yearly 1999 - 2024
Public Debt: External (EUR mn) 5,825.057 2024 yearly 1999 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -297.3 Sep 2025 monthly Dec 1993 - Sep 2025
Total Exports (USD mn) 821.7 Sep 2025 monthly Jan 2002 - Sep 2025
Total Exports Growth (%) 10.3 Sep 2025 monthly Jan 2003 - Sep 2025
Aluminum: Exports (USD th) 2,950.942 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 173,759.623 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 2,463.067 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,119.0 Sep 2025 monthly Jan 2002 - Sep 2025
Total Imports Growth (%) 16.6 Sep 2025 monthly Jan 2003 - Sep 2025
Imports: Medicament (USD th) 226,116.306 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 80,622.846 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 19.634 Sep 2025 monthly Jan 1999 - Sep 2025
Total Imports from USA (USD mn) 26.128 Sep 2025 monthly Jan 1993 - Sep 2025
Total Exports to China (USD mn) 6.817 Sep 2025 monthly Jan 1999 - Sep 2025
Total Imports from China (USD mn) 121.698 Sep 2025 monthly Aug 1996 - Sep 2025
Exports: Kosovo (USD th) 24,340.139 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: Germany (USD th) 228,358.760 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: Czech Republic (USD th) 24,193.187 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: China (USD th) 1,133.940 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: Bulgaria (USD th) 40,214.420 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: USA (USD th) 12,417.012 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: Greece (USD th) 88,550.137 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: Great Britain (USD th) 119,940.274 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: Germany (USD th) 77,042.170 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: China (USD th) 90,255.212 Jan 2025 monthly Jan 2013 - Jan 2025
Import Value Index (2015=100) 177.142 2021 yearly 1995 - 2021
Export Value Index (2015=100) 180.473 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 62.4 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance (USD mn) 37.6 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance: % of GDP (%) -4.7 Jun 2025 quarterly Mar 2000 - Jun 2025
Foreign Direct Investment (USD mn) 68.0 Sep 2025 monthly Jan 2001 - Sep 2025
Foreign Direct Investment: % of GDP (%) 6.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Foreign Portfolio Investment (USD mn) -50.418 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -0.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 4.4 Jun 2025 quarterly Mar 1996 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -6.797 Jun 2025 quarterly Mar 1998 - Jun 2025
External Debt (USD mn) 14,231.3 Jun 2025 quarterly Dec 2005 - Jun 2025
External Debt: % of GDP (%) 79.2 2024 yearly 2004 - 2024
External Debt: Short Term (USD mn) 3,590.4 Jun 2025 quarterly Dec 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 19.4 2024 yearly 2004 - 2024
Total Debt: % of GDP (%) 335.0 2023 yearly 2013 - 2023
Forecast: Current Account Balance (USD bn) -0.535 2030 yearly 1992 - 2030
Net International Investment Position (USD mn) -10,514.150 Jun 2025 quarterly Dec 2006 - Jun 2025
BoP: CA: SI: Debit (USD mn) 24.535 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services (USD mn) 83.792 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Credit (USD mn) 1,395.912 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Primary Income (PI) (USD mn) -79.761 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: SI: Credit (USD mn) 331.474 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 31.817 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -7.355 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -65.253 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Net Errors & Omissions (USD mn) -2.908 Sep 2025 monthly Jan 2001 - Sep 2025
Balance of Payments (BoP): Current Account (CA) (USD mn) 37.644 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Debit (USD mn) 102.693 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Debit (USD mn) 1,358.268 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 68.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Reserve Assets (USD mn) -120.323 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account: Credit (USD mn) 0.048 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 62.437 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Other Investment (OI) (USD mn) 102.630 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Secondary Income (SI) (USD mn) 306.939 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account (USD mn) -0.127 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Credit (USD mn) 318.824 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Direct Investment (DI) (USD mn) -5.595 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Credit (USD mn) 722.681 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Debit (USD mn) 235.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 57.897 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods (USD mn) -273.325 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Financial Account (FA) (USD mn) 34.609 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account: Debit (USD mn) 0.176 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Debit (USD mn) 996.007 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) -70.812 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Credit (USD mn) 22.932 Sep 2025 monthly Jan 2001 - Sep 2025
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.050 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,796.950 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: MI: Private (EUR mn) 6,143.841 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,731.129 Jun 2024 quarterly Mar 2006 - Jun 2024
FDI: Flow: United States of America (EUR mn) 3.050 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: Austria (EUR mn) -17.989 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: Belgium (EUR mn) 6.312 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: Turkey (EUR mn) 23.857 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: United Kingdom (EUR mn) -13.903 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) 5.554 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Manufacturing (EUR mn) -45.634 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Construction (EUR mn) 23.826 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Services (EUR mn) -25.282 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 6.334 Sep 2025 quarterly Mar 2009 - Sep 2025
Foreign Direct Investment (FDI): Flow (USD mn) 21.374 Sep 2025 monthly Jan 2007 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.3 Jun 2025 quarterly Dec 2005 - Jun 2025
Household Debt: % of GDP (%) 26.8 Jun 2025 quarterly Mar 2003 - Jun 2025
Non-Performing Loans (USD mn) 243.945 Jun 2025 quarterly Dec 2005 - Jun 2025
Money Supply M1 (USD mn) 5,784.185 Oct 2025 monthly Jan 2003 - Oct 2025
Money Supply M2 (USD mn) 10,145.943 Oct 2025 monthly Jan 2003 - Oct 2025
M2 Growth (%) 11.8 Oct 2025 monthly Jan 2004 - Oct 2025
Reserve Requirement Ratio (%) 8.0 Nov 2025 monthly Jan 2004 - Nov 2025
Foreign Exchange Reserves (USD mn) 4,696.2 Oct 2025 monthly Dec 1993 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 25.584 Jun 2025 quarterly Dec 2000 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 4.2 Sep 2025 monthly Jan 2002 - Sep 2025
Gold Reserves (USD mn) 889.394 Oct 2025 monthly Dec 1992 - Oct 2025
Total Deposits (USD mn) 11,844.121 Oct 2025 monthly Jan 2003 - Oct 2025
Total Deposits Growth (%) 11.8 Oct 2025 monthly Jan 2004 - Oct 2025
Domestic Credit (USD mn) 11,904.4 Oct 2025 monthly Jan 2003 - Oct 2025
Domestic Credit Growth (%) 19.8 Oct 2025 monthly Jan 2004 - Oct 2025
Household Debt (USD mn) 5,087.3 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans (USD mn) 10,044.328 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) 12.06 Oct 2025 monthly Jan 2004 - Oct 2025
Private Debt: % of Nominal GDP (%) 52.32 Jun 2025 quarterly Mar 2003 - Jun 2025
Official Reserve Assets (EUR mn) 4,861.286 Feb 2025 monthly Jan 2005 - Feb 2025
Official Reserve Assets: Foreign Currency (EUR mn) 4,254.546 Feb 2025 monthly Jan 2005 - Feb 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

More Indicators for North Macedonia

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