Macedonia recorded a Current Account deficit of 0.30 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Macedonia averaged -4.07 percent from 1998 until 2018, reaching an all time high of -0.30 percent in 2018 and a record low of -12.70 percent in 2008. This page provides - Macedonia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Current Account to GDP - values, historical data and charts - was last updated on September of 2020.

Current Account to GDP in Macedonia is expected to reach -3.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Current Account to GDP is projected to trend around -4.00 percent in 2021 and -3.70 percent in 2022, according to our econometric models.

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Macedonia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -1.00 -0.30 -12.70 1998 - 2018 percent Yearly

Macedonia Trade Last Previous Highest Lowest Unit
Balance of Trade -228225.00 -118908.00 -54372.00 -320202.00 USD Thousands [+]
Current Account -1.80 -10.00 107.80 -243.60 USD Million [+]
Current Account to GDP -0.30 -1.00 -0.30 -12.70 percent [+]
Imports 820210.00 671951.00 900855.00 152532.00 USD Thousands [+]
Exports 591985.00 553407.00 691351.00 78768.00 USD Thousands [+]
Capital Flows 13.20 -11.40 133.60 -240.20 USD Million [+]
Foreign Direct Investment -19.63 -32.02 344.80 -62.66 EUR Million [+]
Gold Reserves 6.90 6.90 6.90 2.76 Tonnes [+]
Terrorism Index 0.30 0.65 4.50 0.30 [+]
External Debt 8338.94 8191.16 8581.05 2080.17 EUR Million [+]
Tourist Arrivals 756.00 52.00 2163.00 7.00 Hundreds [+]


Macedonia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.