Macedonia GDP Growth Rate 2004-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Macedonia expanded 3.20 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Macedonia averaged 3.26 Percent from 2004 until 2013, reaching an all time high of 8.20 Percent in the second quarter of 2005 and a record low of -2.40 Percent in the second quarter of 2009. GDP Growth Rate in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.

   
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Macedonia GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.00 8.20 -2.40 2004 - 2013 percent Quarterly
Macedonia has a small, open market economy with one of the lowest GDP per capita in Europe. The main sectors of the Macedonian economy are services (more than 50% of GDP) and industry (30% of GDP). The textile sector is the main source of foreign trade and accounts for more than 50% of total exports. Macedonia also produces iron, steel, wine and vegetables. Corruption and an ineffective legal system are significant restraints for economic development. This page provides - Macedonia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Macedonia GDP Growth Rate - was last refreshed on Saturday, November 29, 2014.

Macedonia GDP Last Previous Highest Lowest Unit
GDP 10.22 9.58 10.40 2.30 USD Billion [+]
GDP Growth Rate 3.20 3.00 8.20 -2.40 percent [+]
GDP Annual Growth Rate 4.30 3.50 8.20 -2.40 percent [+]
GDP Constant Prices 135686.00 120724.00 135686.00 59063.00 MKD Million [+]
GDP per capita 3577.26 3472.31 3577.26 2432.22 USD [+]
Gross Fixed Capital Formation 117382.00 109071.00 117382.00 34716.00 MKD Million [+]
GDP per capita PPP 11996.81 11644.84 11996.81 8156.76 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 May/14 1.10 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.40 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.25 May/14 0.07 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.00 May/14 0.50 1.90 -2.20 percent [+]
Turkey -0.50 May/14 1.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]