Current Account in North Macedonia

North Macedonia Current Account | Economic News & Forecasts

North Macedonia - Current Account

The economy gained traction in the first quarter. The acceleration was chiefly underpinned by robust investment, likely spurred by stronger credit growth and an improved business climate amid greater political stability. Conversely, household spending ebbed and public consumption nearly flatlined, while the external sector dragged slightly on growth. On the political front, in late June the European Council delayed opening accession talks with North Macedonia until October. The decision signaled that a green light in October is not guaranteed at a time when key EU members are resistant to EU enlargement. In brighter news, Fitch Ratings upgraded the country’s sovereign credit rating on 14 June from BB to BB+, citing sustained reforms and macroeconomic stability.

North Macedonia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-     -     -     -     -     

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North Macedonia Current Account Chart


Macedonia Current Account
Note: Current account balance as % of GDP.

North Macedonia Facts

ValueChangeDate
Exchange Rate54.66-0.56 %Jul 11
Stock Market0.10.0 %Jul 10

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