Macedonia Economy

The Macedonian economy, with a population of 2.058 Million (est. 2011), ranks 119th in the world with a GDP PPP of 22.6 billion and GDP PPP per capita of $10,904 vs. $53,101 (United States) according to the IMF in 2013. Its currency is the Macedonian Denar (MKD) that is issued by National Bank of the Republic of Macedonia (www.nbrm.mk). Deposit products banks offer in the country include sight deposits, time deposits, savings accounts and foreign currency deposits. Its inflation was estimated to be 2.8% in 2013 and 3.3% in 2012 by the Cia.gov website.