Fiscal Balance in Macedonia

Macedonia Fiscal Balance | Economic News & Forecasts

Macedonia - Fiscal Balance

Economic momentum likely carried over into the first quarter of the year from Q4 2018’s robust outturn. Industrial production grew healthily throughout Q1, which fed through to a strong rise in merchandise exports in January–February. Tourism recovered in February and, consequently, the number of tourist arrivals for January and February rose in annual terms. Nevertheless, retail sales weakened throughout the quarter, hinting at softer private consumption in Q1. On the political front, the pro-Western candidate Stevo Pendarovski was voted in as the country’s new president on 5 May. As the presidential role is primarily ceremonial, the government’s economic priorities are unlikely to change significantly.

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 Rate54.77-0.56 %May 13
Stock Market0.10.0 %Nov 26

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