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Some ethnic Albanians, angered by perceived political and economic inequities, launched an insurgency in 2001 that eventually won the support of the majority of Macedonia’s Albanian population and led to the internationally-brokered Framework Agreement, which ended the fighting by establishing a set of new laws enhancing the rights of minorities. Fully implementing the Framework Agreement and stimulating economic growth and development continue to be challenges for Macedonia, although progress has been made on both fronts over the past several years.
15-64 years: 70% (male 733,601/female 720,103)
65 years and over: 11.6% (male 103,620/female 136,586) (2011 est.)
conventional short form: Macedonia
local long form: RepublikaMakedonija
local short form: Makedonija
note: the provisional designation used by the UN, EU, and NATO is the Former Yugoslav Republic of Macedonia (FYROM)
former: People’s Republic of Macedonia, Socialist Republic of Macedonia
geographic coordinates: 42 00 N, 21 26 E
time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
2,438 to 3,047 m: 2
under 914 m: 8 (2012)
GDP subsequently rose each year through 2000. In 2001, during a civil conflict, the economy shrank 4.5% because of decreased trade, intermittent border closures, increased deficit spending on security needs, and investor uncertainty. Growth barely recovered in 2002 to 0.9%, then averaged 4% per year during 2003-07, expanding to 5.1% in 2007. Macedonia has maintained macroeconomic stability with low inflation, but it has so far lagged the region in attracting foreign investment and creating jobs, despite making extensive fiscal and business sector reforms. Official unemployment remains high at nearly 35%, but may be overstated based on the existence of an extensive gray market, estimated to be more than 20 percent of GDP, that is not captured by official statistics.
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