Macedonia industry is in the developing phase. Though it is one of the two most important pillars that support Macedonian economy, further development is required to increase its contribution to the country treasury.
At present numerous industries operate in this European nation. All the industries in Macedonia can be classified under the following broad groups :
- Service Industry : Travel and Tourism Industry, Construction and Building Industry
- Energy and Mining : Steel and Iron Industry, Natural Gas Industry, Electricity Generation Industry, Oil and Gas Industry.
- Consumer and Industrial Products : Food Processing Industry, Beverages Industry, Pharmaceuticals Industry, Textile Industry, Leather Goods Industry
- Technology, Info-com and Entertainment : Telecommunications Industry, IT Sector
Among all, it is the textile industry that generates and contributes the highest revenue to the economy of Macedonia. It is followed by the leather goods industry.
Skopje is the place where most of the industries of Macedonia are situated. In the year 2006, the growth rate of production in
Macedonia industry was estimated to be around 3.4%. The government is planning to increase the output of these industries as well as establish some more industries at Macedonia.
Another advantage of increasing the number of industries at Macedonia is that employment opportunities would also increase which would lead to the development in the per capita income. This would automatically lead to the overall economic growth in Macedonia.
