Macedonia GDP Annual Growth Rate  2004-2017 | Data | Chart | Calendar

The economy of Macedonia shrank 1.8 percent year-on-year in the second quarter of 2017 after stalling in the first three months of the year. It is the first contraction since 2012 and the highest since the third quarter of 2009, due to a 19.9 percent slump in gross capital formation (+0.6 percent in Q1). On the other hand, household consumption (3.7 percent compared to 2.3 percent in Q1) and government spending (2 percent compared to 0.7 percent in Q1) rose faster. Exports slowed slightly (8.5 percent compared to 9 percent in Q1) while imports eased at a faster pace (3.5 percent compared to 10.7 percent in Q1). GDP Annual Growth Rate in Macedonia averaged 3.10 percent from 2004 until 2017, reaching an all time high of 8.20 percent in the second quarter of 2005 and a record low of -2.40 percent in the second quarter of 2009.

Macedonia GDP Annual Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2017-03-09 11:45 AM GDP Growth Rate YoY 2.4% 2% 2.7%
2017-06-08 02:55 PM GDP Growth Rate YoY 0% 2.4% 2.4%
2017-09-07 12:00 PM GDP Growth Rate YoY -1.8% 0% 2.6%
2017-12-07 01:00 PM GDP Growth Rate YoY -1.8% -2.2%


Macedonia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.80 0.00 8.20 -2.40 percent [+]
GDP 10.90 10.05 11.36 2.32 USD Billion [+]
GDP Constant Prices 153506.00 145877.00 160309.00 59063.00 MKD Million [+]
Gross Fixed Capital Formation 143495.57 129095.00 143495.57 34716.00 MKD Million [+]
GDP per capita 5222.83 5104.78 5222.83 3057.00 USD [+]
GDP per capita PPP 13054.78 12759.71 13054.78 7641.17 USD [+]


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. This page provides - Macedonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 0.00 8.20 -2.40 2004 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17