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

The Macedonian GDP expanded 2 percent year-on-year in the three months to March of 2016, slowing from 3.9 percent increase in the previous period. Key growth drivers were final consumption expenditure (+3.6 percent against +4.8 percent in Q4), with government spending (up 4.2 percent from +9.7 percent in Q4) and household consumption (up 3.5 percent from +3.6 percent in Q4), while gross capital formation (-9.1 percent against +5.5 percent in Q4) shrank. Exports rose at a faster 4.7 percent (+4.1 percent in Q4) while imports increased at a slower 7.6 percent (+8.3 percent in Q4). GDP Annual Growth Rate in Macedonia averaged 3.27 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. 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
2.00 3.90 8.20 -2.40 2004 - 2016 percent Quarterly
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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-14 01:30 PM Q3 3.5% 3.3% 2.21%
2016-03-10 11:20 AM Q4 3.9% 3.6% 2.53%
2016-06-10 12:00 PM Q1 2% 3.9% 4.1%
2016-09-09 12:00 PM Q2 2% 3.4%
2016-12-09 01:00 PM Q3 3.5%

Macedonia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.90 3.10 8.20 -2.40 percent [+]
GDP Annual Growth Rate 2.00 3.90 8.20 -2.40 percent [+]
GDP 11.32 10.77 11.32 2.32 USD Billion [+]
GDP Constant Prices 141406.00 143420.00 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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Congo 7.70 Dec/15
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Czech Republic 3.00 Mar/16
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Madagascar 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
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South Korea 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Mar/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Lithuania 2.50 Mar/16
Slovenia 2.50 Mar/16
Iraq 2.40 Dec/15
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Latvia 2.10 Mar/16
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Macedonia 2.00 Mar/16
United Kingdom 2.00 Mar/16
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Cayman Islands 1.90 Sep/15
European Union 1.80 Mar/16
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Israel 1.70 Mar/16
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Canada 1.10 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
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Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Portugal 0.90 Mar/16
Hong Kong 0.80 Mar/16
Moldova 0.80 Mar/16
Nepal 0.77 Dec/15
Jamaica 0.70 Dec/15
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Belize 0.60 Dec/15
Denmark 0.60 Mar/16
Iran 0.60 Mar/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Suriname 0.20 Dec/15
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Japan 0.10 Mar/16
Ukraine 0.10 Mar/16
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South Africa -0.20 Mar/16
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Brunei -0.50 Dec/15
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Russia -1.20 Mar/16
Greece -1.30 Mar/16
Kuwait -1.60 Dec/14
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Syria -2.30 Dec/11
Trinidad and Tobago -3.00 Dec/15
Azerbaijan -3.50 Mar/16
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Brazil -5.40 Mar/16
Libya -6.00 Dec/15
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Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15