Industry in Macedonia

Macedonia Industry | Economic News & Forecasts

Macedonia - Industry

The Macedonian economy had a stellar performance in the second quarter, expanding at the fastest rate since Q4 2016. Growth was buoyed by the external sector, which experienced robust export growth. Meanwhile, the domestic economy fared well with a rebound in government spending and sustained momentum in household consumption. On 30 September, citizens voted in favor of changing the official name of the country to the Republic of North Macedonia, however low voter turnout is calling into question the validity of the results. The final decision now lies with parliament, where a two-thirds majority vote is needed to amend the constitution. Prime Minister Zoran Zaev has put pressure on parliament to vote in favor of the proposal by threatening to call for early elections if lawmakers do not support it.

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 Rate53.54-0.56 %Oct 18
Stock Market0.10.0 %Oct 18

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