Fiscal Balance in North Macedonia
The fiscal balance of North Macedonia averaged -3.9% of GDP in the decade to 2022, below the Eastern Europe average of -1.8% of GDP. The fiscal balance in North Macedonia in 2022 was -4.5% of GDP. For more fiscal balance information, visit our dedicated page.
North Macedonia Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for North Macedonia from 2014 to 2023.
Source: Macrobond.
North Macedonia Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -2.0 | -8.0 | -5.3 | -4.4 | -4.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Macedonian fiscal balance projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Macedonian fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Macedonian fiscal balance projections.
Want to get access to the full dataset of Macedonian fiscal balance forecasts? Send an email to info@focus-economics.com.