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Macedonia Real Effective Exchange Rate

1993 - 2017 | Monthly | 2005=100 | CEIC

Macedonia's Real Effective Exchange Rate (REER: 2005=100: Month Avg: Macedonia) was 103.1 in Oct 2017, compared with the number of 102.7 in the previous month. Macedonia's Real Effective Exchange Rate data is updated monthly and averaged 164.5 from Jan 1993 to Oct 2017. The data reached an all-time high of 164.5 in Apr 1993 and a record low of 92.8 in Dec 1993. CEIC generates Real Effective Exchange Rate Index with base 2005=100. The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


In the latest reports, Macedonia's Short Term Interest Rate: Month End: Skopje Interbank Offered Rate: 3 Months was reported at 1.7 % pa in Nov 2017. The cash rate (Policy Rate: Month End: Central Bank Bills) was set at 3.3 % pa in Oct 2017. Macedonia's Exchange Rate against USD averaged 52.3 (MKD/USD) in Oct 2017.

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What was Macedonia's Real Effective Exchange Rate in Oct 2017?

Last Previous Min Max Unit Frequency Range

103.1

Oct 2017

102.7

Sep 2017

92.8

Dec 1993

164.5

Apr 1993

2005=100

monthly

Jan 1993 - Oct 2017

Updated on Nov 2017

View Macedonia's Real Effective Exchange Rate from Jan 1993 to Oct 2017 in the chart:

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REER: 2005=100: Month Avg: Macedonia

Series Details
Series ID

238120003

Name

REER: 2005=100: Month Avg: Macedonia

Country

Macedonia

Frequency

Monthly

Unit

2005=100

Status

Active

Source

CEIC Generate

First Date

Jan 1993

Last Date

Oct 2017

Last Updated

20 Nov 2017

Statistics
Mean

105.98

Variance

122.43

Standard deviation

11.06

Skewness

2.63

Kurtosis

7.27

Coefficient variation

0.10

Median

102.22

Max
Apr 1993

NaN

Min
Dec 1993

NaN

Previous observation
Sep 2017

102.66

Last observation
Oct 2017

103.09

Number of Observations

298

Get This Data

More Countries for Real Effective Exchange Rate

Country Last Previous Min Max Unit Frequency Range
Macedonia

103.1

Oct 2017

102.7

Sep 2017

92.8

Dec 1993

164.5

Apr 1993

2005=100

monthly

Jan 1993 - Oct 2017

Updated on Nov 2017

More Indicators for Macedonia

Indicator Last Previous Min Max Unit Frequency Range
Government Debt: % of GDP

39.1

2016

38.1

2015

20.5

2008

45.2

2001

%

yearly

2000 - 2016

Updated on 2017
Business Confidence: Net Balance

26.3

Oct 2017

25.9

Sep 2017

-35.8

Aug 2001

27.1

Aug 2011

% Point

monthly

Apr 2001 - Oct 2017

Updated on Nov 2017
Foreign Direct Investment

-44.4

Sep 2017

1.1

Aug 2017

-74.3

Oct 2014

347.3

Jan 2001

USD mn

monthly

Jan 2001 - Sep 2017

Updated on Dec 2017
Total Imports Growth

23.8

Oct 2017

17.4

Sep 2017

-46.3

May 2009

86.3

Oct 2007

%

monthly

Jan 2003 - Oct 2017

Updated on Dec 2017
Money Supply M2

5,026.85

Oct 2017

5,082.67

Sep 2017

1,079.34

Jan 2003

5,082.67

Sep 2017

USD mn

monthly

Jan 2003 - Oct 2017

Updated on Nov 2017
Forecast: Government Revenue

238.94

2022

225.24

2021

63.70

1997

238.94

2022

MKD bn

yearly

1997 - 2022

Updated on 2017
Teledensity: Fixed Line

17.45

2016

17.59

2015

10.87

1983

27.00

2002

Number

yearly

1983 - 2016

Updated on 2017
Real GDP Growth

0.2

Sep 2017

-1.3

Jun 2017

-12.7

Sep 2001

10.7

Jun 2005

%

quarterly

Mar 2001 - Sep 2017

Updated on Dec 2017
Labour Productivity Growth

-1.92

Sep 2017

-3.85

Jun 2017

-11.55

Dec 2005

11.18

Mar 2005

%

quarterly

Mar 2005 - Sep 2017

Updated on Dec 2017
Domestic Credit Growth

12.4

Oct 2017

13.1

Sep 2017

-6.9

Oct 2016

67.1

Dec 2007

%

monthly

Jan 2004 - Oct 2017

Updated on Nov 2017
Market Capitalization: % of GDP

19.0

2016

18.4

2015

11.8

2004

77.4

2007

%

yearly

2004 - 2016

Updated on 2017
Total Imports

729.0

Oct 2017

668.9

Sep 2017

142.6

Mar 2002

729.0

Oct 2017

USD mn

monthly

Jan 2002 - Oct 2017

Updated on Dec 2017
CPI: Food and Non Alcoholic Beverage Change

1.63

Nov 2017

1.03

Oct 2017

-5.30

Jan 2005

20.40

Apr 2008

%

monthly

Nov 2003 - Nov 2017

Updated on Dec 2017
Forecast: Nominal GDP Per Capita

7,369.50

2022

6,982.73

2021

1,263.86

1992

7,369.50

2022

USD

yearly

1992 - 2022

Updated on 2017
Exports: Medicinal and Pharmaceutical Product

704.52

2016

532.77

2015

35.29

1999

704.52

2016

USD th

yearly

1995 - 2016

Updated on 2017
Public Consumption: % of GDP

14.4

Sep 2017

15.8

Jun 2017

14.4

Sep 2017

25.9

Jun 2001

%

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Retail Sales Growth

-2.4

Oct 2017

-3.2

Sep 2017

-13.1

Mar 2014

15.7

Mar 2016

%

monthly

Jan 2011 - Oct 2017

Updated on Nov 2017
Equity Market Index

2,543.6

Nov 2017

2,623.3

Oct 2017

1,000.0

Dec 2004

10,057.8

Aug 2007

30Dec2004=1000

monthly

Dec 2004 - Nov 2017

Updated on Nov 2017
Domestic Credit

5,832.8

Oct 2017

5,914.8

Sep 2017

630.7

Jan 2003

5,956.6

Jun 2014

USD mn

monthly

Jan 2003 - Oct 2017

Updated on Nov 2017
Non Performing Loans Ratio

6.5

Jun 2017

6.1

Mar 2017

6.1

Mar 2017

14.9

Dec 2005

%

quarterly

Dec 2005 - Jun 2017

Updated on Sep 2017
Visitor Arrivals

78,720

Sep 2017

90,469

Aug 2017

4,614

Aug 2001

90,469

Aug 2017

Person

monthly

Jan 1995 - Sep 2017

Updated on Nov 2017
Forecast: Government Expenditure

271.09

2022

255.33

2021

64.41

1997

271.09

2022

MKD bn

yearly

1997 - 2022

Updated on 2017
Motor Vehicle Sales: Commercial Cars

500.00

Dec 2016

400.00

Jun 2016

300.00

Jun 2015

1,000.00

Dec 2010

Unit

semiannually

Dec 2005 - Dec 2016

Updated on Mar 2017
Population

2.1

2015

2.1

2014

1.2

1950

2.1

2015

Person mn

yearly

1950 - 2015

Updated on 2016
Capital Adequacy Ratio

15.8

Jun 2017

15.4

Mar 2017

15.0

Sep 2008

21.3

Dec 2005

%

quarterly

Dec 2005 - Jun 2017

Updated on Sep 2017
Household Debt: % of GDP

21.3

2016

21.6

2015

3.9

2003

21.6

2015

%

yearly

2003 - 2016

Updated on 2017
Short Term Interest Rate

1.73

Nov 2017

1.73

Oct 2017

1.69

Oct 2015

9.54

Nov 2009

% pa

monthly

Jul 2007 - Nov 2017

Updated on Nov 2017
Gold Reserves

282.05

Oct 2017

284.83

Sep 2017

7.07

Mar 1993

398.53

Aug 2011

USD mn

monthly

Dec 1992 - Oct 2017

Updated on Nov 2017
Forecast: Government Net Debt

393.68

2022

368.65

2021

66.95

1999

393.68

2022

MKD bn

yearly

1999 - 2022

Updated on 2017
Motor Vehicle Sales: Passenger Cars

3,800.00

Dec 2016

1,800.00

Jun 2016

1,000.00

Jun 2013

10,500.00

Dec 2008

Unit

semiannually

Dec 2005 - Dec 2016

Updated on Mar 2017
GDP Deflator Growth

3.5

Sep 2017

4.7

Jun 2017

-5.0

Dec 2003

11.5

Mar 2002

%

quarterly

Mar 2001 - Sep 2017

Updated on Dec 2017
Unemployment Rate

22.10

Sep 2017

22.60

Jun 2017

22.10

Sep 2017

38.70

Mar 2005

%

quarterly

Mar 2004 - Sep 2017

Updated on Dec 2017
Direct Investment Abroad

10.6

Sep 2017

10.9

Aug 2017

-113.3

Dec 2014

89.2

Jan 2017

USD mn

monthly

Jan 2001 - Sep 2017

Updated on Dec 2017
Total Exports

545.3

Oct 2017

549.8

Sep 2017

68.3

Jan 2002

549.8

Sep 2017

USD mn

monthly

Jan 2002 - Oct 2017

Updated on Dec 2017
Bank Lending Rate

6.13

Sep 2017

6.16

Aug 2017

6.13

Sep 2017

12.40

Oct 2005

% pa

monthly

Jan 2005 - Sep 2017

Updated on Nov 2017
External Debt: % of GDP

73.5

2016

69.4

2015

45.4

2004

73.5

2016

%

yearly

2004 - 2016

Updated on 2017
Producer Price Index Growth

1.1

Oct 2017

0.6

Sep 2017

-11.5

Jul 2009

17.2

Jul 2008

%

monthly

Dec 2003 - Oct 2017

Updated on Nov 2017
Trade Balance

-130.9

Sep 2017

-179.3

Aug 2017

-310.0

Oct 2007

-9.0

May 1994

USD mn

monthly

Dec 1993 - Sep 2017

Updated on Nov 2017
Tax Revenue

172.39

Oct 2017

160.76

Sep 2017

66.01

Feb 2006

191.84

Mar 2008

USD mn

monthly

Jan 2004 - Oct 2017

Updated on Nov 2017
Forecast: GDP PPP Per Capita

19,904.81

2022

18,823.50

2021

5,793.92

1994

19,904.81

2022

PPP Intl $

yearly

1992 - 2022

Updated on 2017
House Prices Growth

-4.9

Dec 2016

-1.7

Jun 2016

-19.3

Dec 2005

34.7

Dec 2004

%

semiannually

Jun 2004 - Dec 2016

Updated on Mar 2017
Exchange Rate against USD

52.288

Oct 2017

51.709

Sep 2017

36.740

May 1995

71.432

Jun 2001

MKD/USD

monthly

Dec 1993 - Oct 2017

Updated on Nov 2017
Foreign Exchange Reserves

2,383.3

Nov 2017

2,414.2

Oct 2017

88.7

Mar 1994

2,972.3

Aug 2014

USD mn

monthly

Dec 1993 - Nov 2017

Updated on Dec 2017
Visitor Arrivals Growth

29.1

Sep 2017

46.5

Aug 2017

-79.7

Aug 2001

141.4

Aug 2002

%

monthly

Jan 1996 - Sep 2017

Updated on Nov 2017
Forecast: Real GDP Growth

3.80

2022

3.60

2021

-7.50

1993

6.47

2007

%

yearly

1993 - 2022

Updated on 2017
Consolidated Fiscal Balance: % of GDP

-2.6

2016

-3.4

2015

-13.4

1993

2.4

2000

%

yearly

1993 - 2016

Updated on 2017
Consumer Price Index CPI Growth

2.2

Nov 2017

1.9

Oct 2017

-2.4

Oct 2009

10.2

Mar 2008

%

monthly

Nov 2003 - Nov 2017

Updated on Dec 2017
External Debt

8,880.8

Jun 2017

8,365.6

Mar 2017

2,799.0

Mar 2006

8,880.8

Jun 2017

USD mn

quarterly

Dec 2005 - Jun 2017

Updated on Sep 2017
Gross National Product

10,437.00

2016

9,734.80

2015

2,244.62

1992

11,149.57

2014

USD mn

yearly

1990 - 2016

Updated on 2017
Gross Savings Rate

20.1

Sep 2017

13.0

Jun 2017

-8.3

Sep 2001

20.1

Sep 2017

%

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Labour Force Participation Rate

56.8

Sep 2017

56.9

Jun 2017

50.3

Dec 2004

57.8

Dec 2010

%

quarterly

Mar 2004 - Sep 2017

Updated on Dec 2017
Current Account Balance: % of GDP

6.8

Sep 2017

-3.8

Jun 2017

-21.0

Dec 2008

7.2

Sep 2006

%

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
M2 Growth

5.6

Apr/2017

3.9

Mar/2017

-3.8

Jul/2013

31.9

Jun/2007

%

monthly

Jan/2004 - Apr/2017

Updated on May/2017
Reserve Requirement Ratio

8.0

Oct 2017

8.0

Sep 2017

7.5

Dec 2004

10.0

Aug 2013

%

monthly

Jan 2004 - Oct 2017

Updated on Dec 2017
Private Consumption Expenditure

1,993.20

Sep 2017

1,918.21

Jun 2017

608.21

Mar 2002

2,179.28

Jun 2014

USD mn

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Investment: % of GDP

28.9

Sep 2017

27.5

Jun 2017

1.5

Sep 2001

38.0

Dec 2015

%

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Business Confidence Growth

0.8

Oct 2017

0.9

Sep 2017

-24.8

Jun 2009

34.3

Jul 2011

% Point

monthly

Apr 2002 - Oct 2017

Updated on Nov 2017
Foreign Direct Investment: % of GDP

-0.1

Sep 2017

2.1

Jun 2017

-3.6

Dec 2014

41.3

Mar 2001

%

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Policy Rate

3.25

Oct 2017

3.25

Sep 2017

3.21

Jun 2013

15.21

Dec 2002

% pa

monthly

Jan 2002 - Oct 2017

Updated on Nov 2017
Gross Fixed Capital Formation

2,743.87

2016

2,324.48

2015

425.78

1993

2,743.87

2016

USD mn

yearly

1990 - 2016

Updated on 2017
Forecast: Current Account Balance

-0.48

2022

-0.46

2021

-1.27

2008

-0.01

1992

USD bn

yearly

1992 - 2022

Updated on 2017
Forecast: Unemployment Rate

22.45

2022

22.55

2021

22.45

2022

37.25

2005

%

yearly

1996 - 2022

Updated on 2017
Aluminum: Exports

2,392.96

2016

2,749.70

2015

2,392.96

2016

13,170.28

2003

USD th

yearly

1995 - 2016

Updated on 2017
Industrial Production Index Growth

1.3

Oct 2017

0.3

Sep 2017

-32.7

Mar 2004

24.5

Mar 2011

%

monthly

Jan 2004 - Oct 2017

Updated on Dec 2017
Household Expenditure per Capita

1,532.75

2016

1,687.90

2015

1,532.75

2016

2,396.84

2008

USD

yearly

2005 - 2016

Updated on 2017
External Debt: Short Term

2,338.7

Jun 2017

2,244.3

Mar 2017

764.1

Mar 2006

2,338.7

Jun 2017

USD mn

quarterly

Dec 2005 - Jun 2017

Updated on Sep 2017
Tourism Revenue

270

2015

298

2014

19

1995

298

2014

USD mn

yearly

1995 - 2015

Updated on 2017
Employed Persons

743,451.00

Sep 2017

739,892.00

Jun 2017

498,867.00

Dec 2004

743,451.00

Sep 2017

Person

quarterly

Mar 2004 - Sep 2017

Updated on Dec 2017
Motor Vehicles Sales Growth

10.3

2016

11.4

2015

-50.4

2013

39.7

2010

%

yearly

2006 - 2016

Updated on 2017
Forecast: Consumer Price Index Growth

2.00

2022

2.00

2021

-1.28

1999

338.68

1993

%

yearly

1993 - 2022

Updated on 2017
Forecast: Exports of Goods Growth

9.41

2022

9.08

2021

-21.28

2009

43.24

2010

%

yearly

1993 - 2022

Updated on 2017
Imports: Telecommunication Equipment

113,707.28

2016

96,732.67

2015

14,543.92

1995

141,884.97

2008

USD th

yearly

1995 - 2016

Updated on 2017
Imports: Television

32,383.68

2016

29,346.69

2015

2,071.43

1997

43,398.19

2013

USD th

yearly

1995 - 2016

Updated on 2017
Number of Subscriber Mobile

2,124,225.00

2016

2,083,583.00

2015

0.00

1995

2,237,250.00

2013

Person

yearly

1960 - 2016

Updated on 2017
Imports: Medicament

2,231.16

2016

1,756.42

2015

1.14

1996

3,623.95

2013

USD th

yearly

1996 - 2016

Updated on 2017
GDP per Capita

4,852.88

2015

5,491.21

2014

1,739.09

1994

5,491.21

2014

USD

yearly

1994 - 2015

Updated on 2017
Private Consumption: % of GDP

65.5

Sep 2017

71.2

Jun 2017

64.5

Dec 2001

87.9

Mar 2004

%

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Total Deposits

6,203.03

Oct 2017

6,206.83

Sep 2017

910.25

Jan 2003

6,206.83

Sep 2017

USD mn

monthly

Jan 2003 - Oct 2017

Updated on Nov 2017
Imports: ICT Goods

238,234.51

2015

284,911.22

2014

70,246.03

2001

313,110.69

2008

USD th

yearly

2000 - 2015

Updated on 2017
Exports: Telecommunication Equipment

5,524.76

2016

14,801.28

2015

470.00

1998

14,801.28

2015

USD th

yearly

1995 - 2016

Updated on 2017
Exports: Television

409.73

2016

430.78

2015

5.08

1998

599.83

2014

USD th

yearly

1995 - 2016

Updated on 2017
Nominal Residential Property Price Index

91.59

Sep 2017

89.73

Jun 2017

74.22

Dec 2006

103.10

Dec 2008

2010=100

quarterly

Mar 2005 - Sep 2017

Updated on Nov 2017
Nominal Residential Property Price Index Growth

-1.33

Sep 2017

-3.93

Jun 2017

-7.82

Dec 2009

25.36

Dec 2008

%

quarterly

Mar 2006 - Sep 2017

Updated on Nov 2017
Real Residential Property Price Index

82.38

Sep 2017

80.81

Jun 2017

80.81

Jun 2017

103.37

Dec 2008

2010=100

quarterly

Mar 2005 - Sep 2017

Updated on Nov 2017
Real Residential Property Price Index Growth

-2.80

Sep 2017

-5.08

Jun 2017

-8.48

Mar 2013

18.07

Dec 2008

%

quarterly

Mar 2006 - Sep 2017

Updated on Nov 2017
Number of Subscriber Fixed Line

368,070.00

2016

371,003.00

2015

210,000.00

1983

560,026.00

2002

Unit

yearly

1983 - 2016

Updated on 2017
Teledensity: Mobile

100.69

2016

98.78

2015

0.00

1995

106.17

2013

Number

yearly

1960 - 2016

Updated on 2017
Imports: Medicinal and Pharmaceutical Product

4,687.23

2016

3,525.79

2015

4.00

1997

4,687.23

2016

USD th

yearly

1995 - 2016

Updated on 2017
Minerals Production

6,206,099.00

2015

6,740,474.00

2014

1,069,432.00

2010

8,504,884.00

2011

Metric Ton

yearly

2009 - 2015

Updated on 2017
Building Permits

400.00

Oct 2017

222.00

Sep 2017

121.00

Sep 2013

400.00

Oct 2017

Unit

monthly

Jan 2008 - Oct 2017

Updated on Dec 2017
National Government Debt

4,553.9

Sep 2017

4,272.0

Jun 2017

2,117.5

Jun 2010

4,553.9

Sep 2017

USD mn

quarterly

Dec 2009 - Sep 2017

Updated on Nov 2017
Monthly Earnings

660

Sep 2017

646

Aug 2017

401

Apr 2004

732

Dec 2009

USD

monthly

Dec 2003 - Sep 2017

Updated on Nov 2017
Nominal GDP

3,044.7

Sep 2017

2,694.1

Jun 2017

879.0

Mar 2002

3,044.7

Sep 2017

USD mn

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Household Income per Capita

1,781.92

2016

1,718.81

2015

1,133.72

2005

1,930.98

2013

USD

yearly

2005 - 2016

Updated on 2017
Current Account Balance

56.5

Sep 2017

79.2

Aug 2017

-243.6

Nov 2008

107.8

Sep 2009

USD mn

monthly

Jan 2001 - Sep 2017

Updated on Dec 2017
Electricity Production

360

Sep 2017

449

Aug 2017

255

Aug 2014

756

Jan 2006

GWh

monthly

Jan 2005 - Sep 2017

Updated on Nov 2017
External Debt: Short Term: % of GDP

16.2

2016

14.8

2015

13.3

2006

19.7

2012

%

yearly

2004 - 2016

Updated on 2017
Liquid Assets Ratio

27.2

Jun 2017

27.8

Mar 2017

20.1

Mar 2009

38.0

Dec 2005

%

quarterly

Dec 2005 - Jun 2017

Updated on Sep 2017
Household Debt

2,670.4

Oct 2017

2,687.1

Sep 2017

114.7

Jan 2003

2,687.1

Sep 2017

USD mn

monthly

Jan 2003 - Oct 2017

Updated on Nov 2017
Motor Vehicles Sales

4,300

2016

3,900

2015

2,800

2013

11,500

2008

Unit

yearly

2005 - 2016

Updated on 2017
Foreign Exchange Reserves: Months of Import

3.3

Oct 2017

3.6

Sep 2017

2.7

Dec 2004

6.1

Jan 2015

NA

monthly

Jan 2002 - Oct 2017

Updated on Dec 2017
Foreign Portfolio Investment

-27.01

Sep 2017

14.05

Jun 2017

-169.30

Mar 2013

678.39

Sep 2014

USD mn

quarterly

Mar 1998 - Sep 2017

Updated on Nov 2017
Total Exports Growth

27.8

Oct 2017

28.8

Sep 2017

-44.8

Feb 2009

70.7

Apr 2011

%

monthly

Jan 2003 - Oct 2017

Updated on Dec 2017
Tourism Revenue Growth

-9.4

2015

10.4

2014

-44.3

2001

166.7

1999

%

yearly

1996 - 2015

Updated on 2017
Nominal GDP Growth

3.69

Sep 2017

3.34

Jun 2017

-3.57

Sep 2001

15.92

Jun 2005

%

quarterly

Mar 2001 - Sep 2017

Updated on Dec 2017
Public Consumption Expenditure

438.12

Sep 2017

425.00

Jun 2017

142.87

Sep 2000

507.41

Dec 2013

USD mn

quarterly

Mar 2000 - Sep 2017

Updated on Dec 2017
Money Supply M1

2,136.50

Oct 2017

2,179.15

Sep 2017

411.46

Mar 2003

2,179.15

Sep 2017

USD mn

monthly

Jan 2003 - Oct 2017

Updated on Nov 2017
Foreign Exchange Reserves: % of GDP

20.36

Sep 2017

21.85

Jun 2017

11.38

Dec 2000

26.18

Sep 2014

%

quarterly

Dec 2000 - Sep 2017

Updated on Dec 2017
Forecast: Population

2.08

2022

2.08

2021

1.93

1992

2.08

2022

Person mn

yearly

1992 - 2022

Updated on 2017
Motor Vehicle Registered

425.76

2015

411.98

2014

261.00

2006

425.76

2015

Unit th

yearly

2005 - 2015

Updated on 2017
Exports: ICT Goods

28,096.90

2015

20,559.35

2014

3,375.66

2001

28,096.90

2015

USD th

yearly

2000 - 2015

Updated on 2017