Industry in Macedonia

Macedonia Industry | Economic News & Forecasts

Macedonia - Industry

The Macedonian economic recovery liked picked up in the third quarter, carried by a strong external sector and despite weak investment dynamics. In mid-November the government approved the 2019 draft budget, which proposes further fiscal consolidation efforts. The lion’s share of expenses is dedicated to the pension system, followed by social assistance benefits, while more capital spending is allocated on water, road and rail infrastructure. The government projects the fiscal deficit to narrow to 2.5% of GDP. FocusEconomics panelists, however, expect a wider deficit given their projections of softer GDP growth.

Macedonia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.2  4.8  4.9  3.4  0.2  

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Macedonia Industry Chart

Macedonia Industry
Note: Industrial production, annual variation in %.
Source: State Statistical Office

Macedonia Facts

Exchange Rate54.54-0.56 %Nov 29
Stock Market0.10.0 %Nov 26

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