GDP in Macedonia

Macedonia GDP | Economic News & Forecasts

Macedonia - GDP

Glimmers of hope that Macedonia’s two-year long political crisis could come to an end emerged on 17 May when the country’s president gave in and granted opposition leader Zoran Zaev the mandate to form a government. The decision will help diffuse soaring tensions, which reached a peak last month, and enabled Zaev to form a government weeks later. The new Prime Minister, however, will inherit a politically polarized public sector and faces the challenging task of normalizing political activity to attract investors. The collapse in fixed investment was largely why growth reached a multi-year low in 2016 and reform implementation needs to resume to convey the notion of growing political stability and unblock frozen EU accession talks.

Macedonia - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.3  -0.5  2.9  3.5  3.9  

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Macedonia GDP Chart

Macedonia GDP
Note: Annual variation of gross domestic product (GDP) in %.

Macedonia Facts

Exchange Rate54.99-0.47 %Jun 16
Stock Market0.30.0 %Jun 15

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