Trade Balance in North Macedonia
North Macedonia - Trade BalanceGDP growth slowed considerably in Q3, chiefly due to a fading base effect. Growth in household spending and fixed investment recorded sharp decelerations, while the external sector supported activity as exports expanded at a faster pace than imports. Moving to the final quarter of 2021, available data paints a mixed picture. Retail sales growth eased on average in October-November compared to Q3, likely weighed on by soaring inflation. However, industrial production improved in October, pointing to stronger private sector dynamics. In politics, the ruling left-wing SDSM party elected Dimitar Kovacevski as its leader and President Stevo Pendarovski endorsed him as the country's prime minister-designate in late December, following the resignation of Zoran Zaev. Meanwhile, the IMF recently encouraged the country to strengthen public financial management in order to limit fiscal risks.
North Macedonia - Trade Balance Data
|Trade Balance (USD billion)||-2.0||-2.0||-2.0||-2.1||-2.2|
5 years of economic forecasts for more than 30 economic indicators.
North Macedonia Trade Balance Chart
Source: National Bank of the Republic of North Macedonia
North Macedonia Facts
|Exchange Rate||54.86||-0.56 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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