Name: North Macedonia GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Macedonia,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

North Macedonia’s economy expanded by 4.3% year-on-year in the second quarter of 2026, accelerating from 3.1% in the previous three-month period and marking the strongest growth since Q4 2024. Growth was driven by household expenditure (3.3% vs 2.6% in Q1) and gross investments (16.5% vs 1.5%). Net external demand also contributed positively, with both exports (10.4% vs 6.2%) and imports (12.5% vs 5.2%) rising. Meanwhile, growth eased in final consumption (2.8% vs 3.2%) and public expenditure (0.8% vs 5.5%). On the production side, the most notable increases were recorded in mining and quarrying (3.9% vs -0.8%), manufacturing (4.1% vs -0.2%), and construction (21.9% vs 7.2%), while output declined in agriculture, forestry, and fisheries (-0.1% vs 2.9%) and public administration and defense (-1.3% vs 2.5%). On a seasonally adjusted quarterly basis, GDP growth accelerated to 1.3% in Q2 from 0.4% in the previous quarter, marking the strongest growth since Q1 2014. source: State Statistical Office of the Republic of Macedonia

The Gross Domestic Product (GDP) in Macedonia expanded 4.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Macedonia averaged 2.65 percent from 2001 until 2026, reaching an all time high of 15.40 percent in the second quarter of 2021 and a record low of -15.40 percent in the second quarter of 2020. This page provides - Macedonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. North Macedonia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Macedonia expanded 4.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Macedonia is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia GDP Annual Growth Rate is projected to trend around 3.30 percent in 2027 and 3.10 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP Growth Rate YoY	4.30	3.10	percent	Jun 2026
GDP Current Prices	272385.00	240569.00	MKD Million	Jun 2026
GDP Growth Rate	1.30	0.40	percent	Jun 2026
Gross Fixed Capital Formation	226482.00	222677.00	MKD Million	Dec 2024

North Macedonia GDP Annual Growth Rate

On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by gross fixed capital formation (31 percent) and government expenditure (17 percent). Exports of goods and services account for 48 percent while imports account for 65 percent, subtracting 17 percent of total GDP.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.30	3.10	15.40	-15.40	2001 - 2026	percent	Quarterly

Compare: GDP Annual Growth Rate by Country

News Stream

North Macedonia Q2 GDP Growth at Over 1-Year High

North Macedonia’s economy expanded by 4.3% year-on-year in the second quarter of 2026, accelerating from 3.1% in the previous three-month period and marking the strongest growth since Q4 2024. Growth was driven by household expenditure (3.3% vs 2.6% in Q1) and gross investments (16.5% vs 1.5%). Net external demand also contributed positively, with both exports (10.4% vs 6.2%) and imports (12.5% vs 5.2%) rising. Meanwhile, growth eased in final consumption (2.8% vs 3.2%) and public expenditure (0.8% vs 5.5%). On the production side, the most notable increases were recorded in mining and quarrying (3.9% vs -0.8%), manufacturing (4.1% vs -0.2%), and construction (21.9% vs 7.2%), while output declined in agriculture, forestry, and fisheries (-0.1% vs 2.9%) and public administration and defense (-1.3% vs 2.5%). On a seasonally adjusted quarterly basis, GDP growth accelerated to 1.3% in Q2 from 0.4% in the previous quarter, marking the strongest growth since Q1 2014.

2026-09-03

North Macedonia Q1 GDP Growth at 1-Year Low

North Macedonia’s economy expanded by 3.1% year-on-year in the first quarter of 2026, slowing from 3.8% in the previous three-month period and marking the weakest growth since Q1 2025. Net external demand weakened as export growth decelerated (6.2% vs 9.7% in Q4), while imports accelerated (5.2% vs 3.3%). Meanwhile, final consumption rose at a faster pace (3.2% vs 2.8%), supported by stronger household spending (2.6% vs 2.0%), although government expenditure growth eased (5.5% vs 6.4%). Gross fixed investment also returned to growth (1.5% vs -3.0%). On the production side, manufacturing contracted (-0.2% vs 3.6%), while mining and quarrying also declined (-0.8% vs 2.5%). In contrast, the strongest gains were recorded in arts, entertainment and recreation (4.2% vs 3.2%), construction (7.2% vs 14.6%), and professional, scientific and technical activities (6.1% vs 8.1%). On a seasonally adjusted quarterly basis, GDP growth slowed to 0.3% in Q1 2026 from 0.9% in the previous quarter.

2026-06-03

North Macedonia Economy Expands 3.8% in Q4

North Macedonia’s economy expanded by 3.8% year-on-year in the final quarter of 2025, the same pace as in the previous three-month period. Still, this marked the strongest growth since Q4 2024, driven by an increase in final consumption (6.4% vs 5.7% in Q3), which accounts for 77.9% of the GDP, as both household expenditure (2% vs 0.9%) and government spending (6.4% vs 5.7%) rose faster. Net external demand also contributed positively, with exports (9.7% vs 3.4%) increasing more than imports (3.3% vs 9.9%). Meanwhile, gross investments declined by 3%, a sharp reversal from a 30.6% rise in Q3. On the production side, the most notable increases were posted in the construction sector (14.6% vs 21%) and professional, scientific and technical activities; administrative and support service activities (8.1% vs 6.1%). On a seasonally adjusted quarterly basis, GDP advanced by 0.9% in the fourth quarter, unchanged from the preceding quarter. In 2025, the economy grew by 3.5% compared to 2024.

2026-03-03