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) -3.6 Dec 2025 quarterly Jun 2017 - Dec 2025
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) -2.0 Jan 2026 monthly Jul 2013 - Jan 2026
Austria (% Point) 1.0 Feb 2026 monthly Jan 1986 - Feb 2026
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -1.5 Feb 2026 monthly Jan 1981 - Feb 2026
Brazil (% Point) -9.2 Nov 2025 monthly Jan 2010 - Nov 2025
Bulgaria (% Point) -4.4 Feb 2026 monthly Jan 1994 - Feb 2026
Canada (% Point) 7.6 Jan 2026 monthly Dec 2001 - Jan 2026
Chile (% Point) 2.6 Feb 2026 monthly Nov 2004 - Feb 2026
China (% Point) -2.4 Feb 2026 monthly Jan 2006 - Feb 2026
Colombia (% Point) -3.5 Jan 2026 monthly Jan 1981 - Jan 2026
Croatia (% Point) -2.6 Jan 2026 monthly May 2009 - Jan 2026
Cyprus (% Point) -12.0 Jan 2026 monthly May 2003 - Jan 2026
Czech Republic (% Point) 3.7 Feb 2026 monthly Mar 1994 - Feb 2026
Denmark (% Point) -23.7 Feb 2026 monthly Jan 1986 - Feb 2026
Ecuador (% Point) -1.6 Jan 2026 monthly Feb 2011 - Jan 2026
Estonia (% Point) -1.0 Feb 2026 monthly May 2002 - Feb 2026
European Union (% Point) 2.4 Feb 2026 monthly Jan 1986 - Feb 2026
Finland (% Point) 9.7 Feb 2026 monthly Jan 1994 - Feb 2026
France (% Point) 9.7 Jan 2026 monthly Jan 1986 - Jan 2026
Georgia (% Point) 12.2 Mar 2026 quarterly Dec 2014 - Mar 2026
Germany (% Point) 10.4 Feb 2026 monthly Jan 1992 - Feb 2026
Ghana (%) 11.5 Dec 2025 monthly Dec 2013 - Dec 2025
Greece (% Point) -2.8 Jan 2026 monthly Jan 1986 - Jan 2026
Hong Kong SAR, China (% Point) 7.0 Mar 2026 quarterly Mar 2009 - Mar 2026
Hungary (% Point) 0.8 Feb 2026 monthly Jan 1997 - Feb 2026
Iceland (% Point) -129.4 Dec 2025 quarterly Dec 2003 - Dec 2025
India (% Point) 2.8 Mar 2026 quarterly Jun 2001 - Mar 2026
Indonesia (% Point) 3.0 Mar 2026 quarterly Mar 2011 - Mar 2026
Israel (% Point) -4.8 Jan 2026 monthly Jan 2016 - Jan 2026
Italy (% Point) 1.7 Feb 2026 monthly Jan 1986 - Feb 2026
Japan (% Point) 3.0 Mar 2026 quarterly Mar 2005 - Mar 2026
Kazakhstan (% Point) 1.0 Dec 2024 quarterly Mar 2009 - Dec 2024
South Korea (% Point) 8.0 Mar 2026 monthly Feb 2004 - Mar 2026
Latvia (% Point) 2.1 Nov 2025 monthly Apr 1994 - Nov 2025
Lithuania (% Point) 2.7 Feb 2026 monthly Apr 2004 - Feb 2026
Luxembourg (% Point) -14.3 Jan 2026 monthly Jan 1986 - Jan 2026
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) 37.8 Jan 2026 monthly Nov 2003 - Jan 2026
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -4.6 Feb 2026 monthly Jan 2005 - Feb 2026
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) 2.7 Jan 2026 monthly Jan 1986 - Jan 2026
New Zealand (% Point) 10.2 Oct 2025 monthly Aug 2003 - Oct 2025
Nigeria (% Point) 12.0 Jan 2026 monthly Jul 2015 - Jan 2026
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) -8.7 Feb 2026 monthly Apr 2003 - Feb 2026
Philippines (% Point) -15.2 Dec 2025 quarterly Jun 2002 - Dec 2025
Poland (% Point) 3.8 Nov 2025 monthly Jul 2006 - Nov 2025
Portugal (% Point) 3.3 Feb 2026 monthly Jan 1988 - Feb 2026
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) 0.4 Feb 2026 monthly Jul 1992 - Feb 2026
Russia (% Point) -4.0 Feb 2026 monthly Jan 2006 - Feb 2026
Serbia (% Point) -5.4 Jan 2026 monthly May 2014 - Jan 2026
Singapore (% Point) -0.2 Feb 2026 monthly Jan 2000 - Feb 2026
Slovakia (% Point) -0.3 Feb 2026 monthly Jan 1994 - Feb 2026
Slovenia (% Point) -1.3 Feb 2026 monthly May 1996 - Feb 2026
South Africa (% Point) 4.8 Feb 2026 monthly Sep 2000 - Feb 2026
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) 5.4 Feb 2026 monthly Nov 1995 - Feb 2026
Switzerland (% Point) -4.0 Feb 2026 monthly Jan 1996 - Feb 2026
Taiwan, China (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 1.4 Feb 2026 monthly Feb 2000 - Feb 2026
Turkey (% Point) 1.3 Feb 2026 monthly Jan 2008 - Feb 2026
Ukraine (% Point) -2.1 Dec 2025 quarterly Sep 2013 - Dec 2025
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 4.8 Feb 2026 monthly Jan 1949 - Feb 2026
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) 359.552 Dec 2025 monthly Jan 2004 - Dec 2025
Tax Revenue: % of GDP (%) 17.9 Dec 2025 quarterly Mar 2004 - Dec 2025
National Government Debt (USD mn) 10,272.3 Dec 2025 quarterly Dec 2009 - Dec 2025
Government Debt: % of GDP (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 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: Financing (MKD mn) -2,413.000 Oct 2025 monthly Jan 2004 - Oct 2025
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,376.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget: Expenditure: Capital (MKD mn) 2,458.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget: Revenue (MKD mn) 26,614.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget Balance (MKD mn) -4,908.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget: Expenditure: Current (MKD mn) 29,064.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget: Expenditure (MKD mn) 28,344.000 Oct 2025 monthly Jan 2004 - Oct 2025
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 9,728.000 Oct 2025 monthly Jan 2004 - Oct 2025
Public Debt: External (EUR mn) 5,825.057 2024 yearly 1999 - 2024
Public Debt: Domestic (EUR mn) 3,800.301 2024 yearly 1999 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -309.0 Jan 2026 monthly Dec 1993 - Jan 2026
Total Exports (USD mn) 622.1 Jan 2026 monthly Jan 2002 - Jan 2026
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) 931.1 Jan 2026 monthly Jan 2002 - Jan 2026
Total Imports Growth (%) 5.9 Jan 2026 monthly Jan 2003 - Jan 2026
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) 4.106 Jan 2026 monthly Jan 1999 - Jan 2026
Total Imports from USA (USD mn) 12.448 Jan 2026 monthly Jan 1993 - Jan 2026
Total Exports to China (USD mn) 3.093 Jan 2026 monthly Jan 1999 - Jan 2026
Total Imports from China (USD mn) 88.061 Jan 2026 monthly Aug 1996 - Jan 2026
Exports: Kosovo (USD th) 18,752.914 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Germany (USD th) 253,109.477 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Czech Republic (USD th) 23,199.934 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: China (USD th) 3,092.572 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Bulgaria (USD th) 35,118.756 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: USA (USD th) 12,447.778 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Greece (USD th) 84,394.702 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Great Britain (USD th) 205,867.500 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Germany (USD th) 76,339.414 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: China (USD th) 88,060.729 Jan 2026 monthly Jan 2013 - Jan 2026
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 (%) -5.6 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Direct Investment (USD mn) 68.0 Sep 2025 monthly Jan 2001 - Sep 2025
Foreign Direct Investment: % of GDP (%) 0.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment (USD mn) 22.461 Dec 2025 quarterly Mar 1998 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 0.4 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 22.286 Dec 2025 quarterly Mar 1998 - Dec 2025
External Debt (USD mn) 14,242.0 Sep 2025 quarterly Dec 2005 - Sep 2025
External Debt: % of GDP (%) 78.0 2024 yearly 2004 - 2024
External Debt: Short Term (USD mn) 3,667.5 Sep 2025 quarterly Dec 2005 - Sep 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) -0.648 2030 yearly 1992 - 2030
Net International Investment Position (USD mn) -10,243.560 Sep 2025 quarterly Dec 2006 - Sep 2025
BoP: CA: Primary Income (PI) (USD mn) -76.758 Dec 2025 monthly Jan 2001 - Dec 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: SI: Credit (USD mn) 331.474 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 34.832 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: Credit (USD mn) 1,320.558 Dec 2025 monthly Jan 2001 - Dec 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
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -7.355 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Reserve Assets (USD mn) -120.323 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Debit (USD mn) 1,358.268 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Debit (USD mn) 102.693 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: Capital Account (USD mn) -0.127 Sep 2025 monthly Jan 2001 - Sep 2025
Balance of Payments (BoP): Current Account (CA) (USD mn) -178.446 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Capital Account: Credit (USD mn) 0.048 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Secondary Income (SI) (USD mn) 306.939 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 105.854 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Services: Credit (USD mn) 318.824 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Credit (USD mn) 27.936 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Financial Account (FA) (USD mn) -153.901 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Direct Investment (DI) (USD mn) -5.595 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: GS: Goods (USD mn) -273.325 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Debit (USD mn) 235.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Debit (USD mn) 1,077.955 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Capital Account: Debit (USD mn) 0.176 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: OI: Net Incurrence of Liabilities (USD mn) 270.039 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Goods: Credit (USD mn) 641.390 Dec 2025 monthly Jan 2001 - Dec 2025
Gross External Debt: GG: Long Term (LT) (EUR mn) 4,057.980 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: MI: Private (EUR mn) 6,620.287 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,528.487 Sep 2025 quarterly Mar 2006 - Sep 2025
FDI: Flow: United States of America (EUR mn) 6.594 Dec 2025 quarterly Mar 2008 - Dec 2025
FDI: Flow: Austria (EUR mn) -17.989 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: Belgium (EUR mn) -2.770 Dec 2025 quarterly Mar 2008 - Dec 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: Agriculture, Forestry & Fishing (EUR mn) 6.334 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -3.361 Dec 2025 quarterly Mar 2009 - Dec 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
Foreign Direct Investment (FDI): Flow (USD mn) 21.374 Sep 2025 monthly Jan 2007 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.2 Sep 2025 quarterly Dec 2005 - Sep 2025
Household Debt: % of GDP (%) 26.6 Dec 2025 quarterly Mar 2003 - Dec 2025
Non-Performing Loans (USD mn) 233.627 Sep 2025 quarterly Dec 2005 - Sep 2025
Money Supply M1 (USD mn) 6,360.078 Jan 2026 monthly Jan 2003 - Jan 2026
Money Supply M2 (USD mn) 10,952.308 Jan 2026 monthly Jan 2003 - Jan 2026
M2 Growth (%) 11.6 Jan 2026 monthly Jan 2004 - Jan 2026
Reserve Requirement Ratio (%) 9.0 Dec 2025 monthly Jan 2004 - Dec 2025
Foreign Exchange Reserves (USD mn) 5,421.8 Feb 2026 monthly Dec 1993 - Feb 2026
Foreign Exchange Reserves: % of GDP (%) 24.328 Dec 2025 quarterly Dec 2000 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 5.9 Jan 2026 monthly Jan 2002 - Jan 2026
Gold Reserves (USD mn) 954.743 Dec 2025 monthly Dec 1992 - Dec 2025
Total Deposits (USD mn) 12,702.757 Jan 2026 monthly Jan 2003 - Jan 2026
Total Deposits Growth (%) 10.5 Jan 2026 monthly Jan 2004 - Jan 2026
Domestic Credit (USD mn) 12,194.5 Jan 2026 monthly Jan 2003 - Jan 2026
Domestic Credit Growth (%) 12.8 Jan 2026 monthly Jan 2004 - Jan 2026
Household Debt (USD mn) 5,396.7 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans (USD mn) 10,885.866 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans Growth (%) 13.57 Jan 2026 monthly Jan 2004 - Jan 2026
Private Debt: % of Nominal GDP (%) 52.65 Dec 2025 quarterly Mar 2003 - Dec 2025
Official Reserve Assets (EUR mn) 5,558.019 Feb 2026 monthly Jan 2005 - Feb 2026
Official Reserve Assets: Foreign Currency (EUR mn) 4,586.206 Feb 2026 monthly Jan 2005 - Feb 2026
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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