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

Macedonia's economy expanded 2.4 percent year-on-year in the third quarter of 2016, following an upwardly revised 3.1 percent rise in the previous period. Gross capital formation contracted 4 percent (+ 11.5 percent in Q2) while government spending fell at a slower 0.4 percent (-1.4 percent in Q2) and household consumption rose 5.6 percent (+2 percent in Q2). Net trade contributed less negatively, as exports increased 15.6 percent (+7.4 percent in Q2) and imports went up 13.3 percent (+7.1 percent in Q2). On a production side, the biggest increase was recorded in: professional, scientific and technical activities (+10.9 percent vs +8.9 percent); information and communication (+5.6 percent from +6.7 percent); and construction (+10.3 percent from +31.4 percent). 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)
2016-06-10 12:00 PM Q1 2% 3.9% 4.1%
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%
2017-03-10 11:20 AM Q4 2.4% 2.7%
2017-06-09 12:00 PM Q1 2.4%
2017-09-08 12:00 PM Q2 2.6%




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 3.10 8.20 -2.40 percent [+]
GDP 10.09 11.32 11.32 2.32 USD Billion [+]
GDP Constant Prices 147438.00 141406.00 147438.00 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 12724.68 12291.49 12724.68 7752.69 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 3.10 8.20 -2.40 2004 - 2016 percent Quarterly



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