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Macedonia

Welcome to the price transmission page for Macedonia. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Macedonia

Historic Warnings per Commodity

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Background information

Having gained independence in 1991, the Southeastern European middle income country achieved important improvements in the overall business environment. However, corruption still remains as a significant challenge for the government. Macedonia’s economy is tied to the EU, with Germany being the major business partner, and suffered during the Eurozone crisis. The country lies along major transportation corridors within Europe. Along with other countries within the Balkan region, public debt level is high.

Macedonia is a landlocked country, where about half of the land area is used for agriculture. This sector contributes to around one-tenth of the GDP. Common plants include grapes, tobacco, vegetables, fruit; next to dairy products. Almost one quarter of the cereals demand needs to be imported.

In terms of the HDI (2014), Macedonia ranks as a high human development country with a value of 0.747. However, unemployment has been consistently high since the Great Recession at more than 30%. Moreover, undernourishment is still a major challenge in Macedonia, although great achievements have been reached within the last few years. Especially rural areas are suffering disparities in access to health and education. According to the GHI (2015), around 2% of the population is still undernourished.