Macedonia GDP Annual Growth Rate  2004-2016 | Data | Chart | Calendar

The Macedonian economy expanded 3.5 percent year-on-year in the three months to September, accelerating from an upwardly revised 3.3 percent increase in the previous period. Key growth drivers were final consumption expenditure (+6.3 percent against +2.3 percent in Q2) and rebound in gross capital formation (+2.8 percent against -16 percent in Q2). Meantime, government spending rose by 15.4 percent (+0.7 percent in Q2) and household consumption by 4.3 percent (+2.7 percent in Q2). Also, exports advanced 3.1 percent (+7.9 percent in Q2) while imports increased 1.6 percent (+0.8 percent in Q2). GDP Annual Growth Rate in Macedonia averaged 3.27 percent from 2004 until 2015, 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 Annual Growth Rate in Macedonia is reported by the State Statistical Office of the Republic of Macedonia.

Macedonia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.50 2.60 8.20 -2.40 2004 - 2015 percent Quarterly
Macedonian economy is closely linked to Europe as a customer for exports and source of investment, and has contracted by 0.4 percent in 2009 as a result of prolonged weakness in the euro zone. However, the country maintained macroeconomic stability through the global financial crisis and the following years, and after a small contraction in 2012 (-0.5 percent), GDP expanded strongly in 2013-14. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by gross fixed capital formation (31 percent) and government expenditure (17 percent). Exports of goods and services account for 48 percent while imports account for 65 percent, subtracting 17 percent of total GDP. This page provides - Macedonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-12 01:30 PM Q1 3.2% 2.7% 3.1%
2015-09-14 04:00 PM Q2 2.6% 3.2% 3.4%
2015-12-14 01:30 PM Q3 3.5% 3.3% 2.21%
2016-03-09 01:00 PM Q4 3.5% 2.53%
2016-06-10 12:00 PM Q1 2.68%
2016-09-09 12:00 PM Q2 2.40%

Macedonia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.90 3.10 8.20 -2.40 percent [+]
GDP Annual Growth Rate 3.50 2.60 8.20 -2.40 percent [+]
GDP 11.32 10.77 11.32 2.32 USD Billion [+]
GDP Constant Prices 146963.00 139205.00 146963.00 59063.00 MKD Million [+]
Gross Fixed Capital Formation 123115.00 117382.00 123115.00 34716.00 MKD Million [+]
GDP per capita 3917.27 3777.33 3917.27 2493.48 USD [+]
GDP per capita PPP 12096.15 11996.81 12096.15 8156.76 USD [+]




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El Salvador 2.60 Sep/15
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