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Having a small, open economy makes Macedonia vulnerable to economic developments in Europe and dependent on regional integration and progress toward EU membership for continued economic growth. At independence in September 1991, Macedonia was the least developed of the Yugoslav republics, producing a mere 5% of the total federal output of goods and services. The collapse of Yugoslavia ended transfer payments from the central government and eliminated advantages from inclusion in a de facto free trade area. An absence of infrastructure, UN sanctions on the downsized Yugoslavia, and a Greek economic embargo over a ...  More..

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Economy of Macedonia
SOURCE: CIA - The World Factbook
Currency Macedonian Denar
Fiscal Year 0
GDP (PPP) $18.77 billion (2009 est.)
GDP (per capita) $9,000 (2009 est.)
Exports $3.035 billion (2009 est.)
Imports $4.942 billion (2009 est.)
Main Industries Food Processing, Beverages, Textiles, Chemicals, Iron, Steel, Cement, Energy, Pharmaceuticals
Exports - Commodities Food, Beverages, Tobacco; Textiles, Miscellaneous Manufactures, Iron and Steel
Imports - Commodities Machinery and Equipment, Automobiles, Chemicals, Fuels, Food Products
Exports Partners Serbia and Montenegro 20.1%, Germany 15.1%, Greece 12.3%, Bulgaria 9.9%, Italy 8.7%, Croatia 6.4% (2008)
Imports Partners Germany 13.2%, Greece 12.3%, Bulgaria 9.8%, Serbia and Montenegro 6.9%, Italy 6.2%, Turkey 5.6%, Slovenia 5.2%, Poland 4.3% (2008)

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