acedonians working in Germany and other West European
nations. The end of sanctions on Serbia and the lifting of the Greek
embargo on Macedonia have reopened its natural trade corridors, but
the country has been slow to capitalize on these opportunities.
Moreover, the Former Yugoslav Republic of Macedonia's geographical
isolation, technological underdevelopment, and potential political
instability place it far down the list of countries of interest to
Western investors. An internal commitment to economic reform would
encourage foreign investment over the long run.

GDP: purchasing power parity - $1.9 billion (1995 est.)

GDP real growth rate: 4%

GDP per capita: $880 (1995 est.)

GDP composition by sector:
agriculture: 24%
industry: 44%
services: 32%

Inflation rate (consumer prices): 14.8% (1995 est.)

Labor force: 591,773 (June 1994)
by occupation: manufacturing and mining 40% (1992)

Unemployment rate: 37% (1995 est.)

Budget:
revenues: $NA
expenditures: $NA, including capital expenditures of $NA

Industries: coal, metallic chromium, lead, zinc, ferronickel,
textiles, wood products, tobacco

Industrial production growth rate: -14% (1993)

Electricity:
capacity: 1,600,000 kW
production: 6.046 billion kWh
consumption per capita: 2,941 kWh (1992)

Agriculture: rice, tobacco, wheat, corn, millet, cotton, sesame,
mulberry leaves, citrus, vegetables; beef, pork, poultry, mutton

Illicit drugs: limited illicit opium cultivation; transshipment
point for Southwest Asian heroin

Exports: $916.2 million (1995)
commodities: manufactured goods 40%, machinery and transport
equipment 14%, miscellaneous manufactured articles 23%, raw
materials 7.6%, food (rice) and live animals 5.7%, beverages and
tobacco 4.5%, chemicals 4.7% (1990)
partners: principally Serbia and Montenegro and the other former
Yugoslav republics, Germany, Greece, Albania

Imports: $199 million (1995)
commodities: fuels and lubricants 19%, manufactured goods 18%,
machinery and transport equipment 15%, food and live animals 14%,
chemicals 11.4%, raw materials 10%, miscellaneous manufactured
articles 8.0%, beverages and tobacco 3.5% (1990)
partners: other former Yugoslav republics, Greece, Albania, Germany,
Bulgaria

External debt: $737.1 million (1994)

Economic aid:
recipient: ODA, $NA
note: US, $10 million (for humanitarian and technical assistance);
in December