GDP in Macedonia

Macedonia GDP | Economic News & Forecasts

Macedonia - GDP

The latest national accounts data reveals the economic damage caused by prolonged political turbulence. GDP growth contracted a steep 1.8% in annual terms in Q2, coming in below Q1’s flat rate and marking the worst print in years. Growth was dragged down by a 19.9% contraction in fixed investment, which more than offset faster growth in private consumption and a solid external sector. Despite the abysmal reading, there are reasons to believe the worst is past following the formation of a government at the end of Q2. The new government is making headways to improve the business climate and attract greater FDI inflows. Noting this, S&P Global Ratings affirmed the country’s BB-/B and stable outlook in its September review.

Macedonia - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-0.5  2.9  3.5  3.9  2.4  

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Macedonia GDP Chart

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

Macedonia Facts

Exchange Rate51.95-0.56 %Oct 19
Stock Market0.10.0 %Oct 19

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