Industrial Production in North Macedonia
The North Macedonian economy recorded average industrial production growth of 1.7% in the decade to 2022, below the 3.2% average for Eastern Europe. In 2022, industrial production growth was -0.2%. For more industry information, visit our dedicated page.
North Macedonia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for North Macedonia from 2014 to 2023.
Source: Macrobond.
North Macedonia Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 3.7 | -9.6 | 1.5 | -0.2 | 0.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Macedonian industry projections for the next ten years from a panel of 3 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 industry forecast available for Macedonian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Macedonian industry projections.
Want to get access to the full dataset of Macedonian industry forecasts? Send an email to info@focus-economics.com.