Macedonia GDP Annual Growth Rate  2004-2017 | Data | Chart | Calendar

Macedonia's economy expanded 2.4 percent year-on-year in the fourth quarter of 2016, following a downwardly revised 2 percent growth in the previous period. Government spending rebounded (3.4 percent from -0.4 percent in Q3) while household consumption rose at a slower pace (5.1 percent from 5.6 percent in Q3). Net trade contributed negatively, while exports increased 11.2 percent (14.4 percent in Q3) and imports went up 5.3 percent (13.7 percent in Q3). Meantime, gross capital formation contracted further (-10.4 percent from -2.1 percent in Q3). On a production side, the biggest increase was recorded in: construction (28.5 percent from 10.3 percent); professional, scientific and technical activities (9.8 percent from 10.8 percent) and agriculture (1.8 percent from 1.2 percent). In 2016, the GDP advanced 2.4 percent, slower than 3.8 percent in the previous year. GDP Annual Growth Rate in Macedonia averaged 3.26 percent from 2004 until 2016, 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.

Macedonia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-09 12:00 PM Q2 2.2% 2% 2.2%
2016-12-09 12:50 PM Q3 2.4% 3.1% 2.5%
2017-03-09 11:45 AM Q4 2.4% 2% 2.7%
2017-06-08 12:00 PM Q1 2.4% 2.4%
2017-09-07 12:00 PM Q2 2.6%
2017-12-07 01:00 PM Q3 2.5%




Macedonia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.90 3.10 8.20 -2.40 percent [+]
GDP Annual Growth Rate 2.40 2.00 8.20 -2.40 percent [+]
GDP 10.09 11.32 11.32 2.32 USD Billion [+]
GDP Constant Prices 160309.00 156911.00 160309.00 59063.00 MKD Million [+]
Gross Fixed Capital Formation 129095.00 123549.00 129095.00 34716.00 MKD Million [+]
GDP per capita 5093.84 4920.43 5093.84 3103.49 USD [+]
GDP per capita PPP 12732.40 12298.96 12732.40 7757.40 USD [+]


Macedonia GDP Annual Growth Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.00 8.20 -2.40 2004 - 2016 percent Quarterly



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.00 Mar/17
United States 2.00 Dec/16
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 0.80 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16