Fiscal Balance in North Macedonia

North Macedonia Fiscal Balance | Economic News & Forecasts

North Macedonia - Fiscal Balance

The economy likely lost traction in the second quarter. The industrial sector remained on a weaker footing due to a decline in manufacturing output throughout Q2 compared to the same period last year. Moreover, retail sales growth was more subdued than in Q1, pointing to softer private consumption growth. On a brighter note, tourism fared well in Q2, with tourist arrivals rising sharply year-on-year in June and more than offsetting May’s decline, while merchandise exports rose robustly in the same period. Turning to Q3, the industrial sector was revived in July with production recovering on a surge in energy supply. In other news, Serbia and North Macedonia opened an integrated border crossing on 27 August, which should expedite the passage of people and goods between the two countries, boding well for trade ahead.

North 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

North Macedonia Facts

ValueChangeDate
Exchange Rate54.66-0.56 %Sep 04
Stock Market0.10.0 %Sep 04

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