Fiscal Balance in Macedonia

Macedonia Fiscal Balance | Economic News & Forecasts

Macedonia - Fiscal Balance

Economic momentum should have gained ground in Q4 2018. Tourist arrivals continued to increase at a solid pace in December. Likewise, upbeat retail sales in December and throughout the quarter suggest private consumption should have made solid gains in the quarter. Moreover, the average quarterly growth of industrial production surpassed that of Q3, while construction activity recovered in Q4. In political news, with the dispute with Greece finally in the rear-view mirror, the country hopes to open accession talks with the EU this year. However, it will need to make meaningful progress on reforms to accelerate the process.

Macedonia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-3.8  -4.2  -3.5  -2.7  -2.7  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance

Macedonia Facts

Exchange Rate54.75-0.56 %Mar 11
Stock Market0.10.0 %Nov 26

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