Macedonia Current Account to GDP

Macedonia recorded a Current Account deficit of 1.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Macedonia is reported by the National Bank of the Republic of Macedonia. Current Account to GDP in Macedonia averaged -4.65 Percent from 2003 until 2013, reaching an all time high of -0.40 Percent in 2006 and a record low of -12.80 Percent in 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Macedonia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.90 -3.00 -0.40 -12.80 -0.94 | 2014/06 2003 - 2013 Percent Yearly

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Macedonia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -181811.00 2014-02-15 -192282.00 -54372.00 -310800.00 -188492.29 2014-03-31 USD Thousands [+]
Current Account -22.90 2014-01-15 -9.80 107.80 -243.60 -27.68 2014-02-28 USD Million [+]
Current Account to GDP -1.90 2013-12-31 -3.00 -0.40 -12.80 -0.94 2014-06-30 Percent [+]
Exports 376474.00 2014-02-15 320416.00 430190.00 78768.00 360057.36 2014-03-31 USD Thousands [+]
Foreign Direct Investment 65.49 2013-12-31 75.13 506.00 -43.52 EUR Million [+]
Imports 558285.00 2014-02-15 512699.00 725347.00 152532.00 571545.32 2014-03-31 USD Thousands [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Macedonia Foreign Direct Investment at 65.49 EUR Million  
Foreign Direct Investment in Macedonia decreased to 65.49 EUR Million in the fourth quarter of 2013 from 75.13 EUR Million in the third quarter of 2013. Foreign Direct Investment in Macedonia is reported by the National Bank of the Republic of Macedonia.
Macedonia Current Account to GDP at -1.90 Percent  
Macedonia recorded a Current Account deficit of 1.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Macedonia is reported by the National Bank of the Republic of Macedonia.
Macedonia Government Budget at -4.10 Percent of GDP  
Macedonia recorded a Government Budget deficit equal to 4.10 percent of the country's Gross Domestic Product in 2013. Government Budget in Macedonia is reported by the National Bank of the Republic of Macedonia.
Macedonia Balance of Trade at -181811.00 USD Thousands  
Macedonia recorded a trade deficit of 181811 USD Thousands in February of 2014. Balance of Trade in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Current Account at -22.90 USD Million  
Macedonia recorded a Current Account deficit of 22.90 USD Million in January of 2014. Current Account in Macedonia is reported by the National Bank of the Republic of Macedonia.
Macedonia Changes in Inventories at 29519.00 MKD Million  
Changes in Inventories in Macedonia increased to 29519 MKD Million in 2012 from 25850 MKD Million in 2011. Changes in Inventories in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Consumer Price Index (CPI) at 100.56 Index Points  
Consumer Price Index (CPI) in Macedonia decreased to 100.56 Index Points in March of 2014 from 100.73 Index Points in February of 2014. Consumer Price Index (CPI) in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Consumer Spending at 90372.00 MKD Million  
Consumer Spending in Macedonia increased to 90372 MKD Million in the fourth quarter of 2013 from 89925 MKD Million in the third quarter of 2013. Consumer Spending in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Employed Persons at 685479.00  
The number of employed persons in Macedonia increased to 685479 in the fourth quarter of 2013 from 682448 in the third quarter of 2013. Employed Persons in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
Macedonia Exports at 376474.00 USD Thousands  
Exports in Macedonia increased to 376474 USD Thousands in February of 2014 from 320416 USD Thousands in January of 2014. Exports in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.
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