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||2004 - 2015
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. Content for - Macedonia GDP Annual Growth Rate - was last refreshed on Thursday, November 26, 2015.