Macedonia GDP Annual Growth Rate  2001-2018 | Data | Chart | Calendar

The economy of Macedonia advanced 3.1 percent year-on-year in the three months to June of 2018, up from a 0.1 percent growth in the previous period. It was the strongest pace of expansion since gross domestic product contracted by 1.3 percent in the second quarter of 2017. Government expenditure advanced 1 percent, compared to a 1.4 percent drop in the first quarter of 2018. Additionally, net trade contributed positively to growth, as exports rose 13.7 percent (10.6 percent in Q1) and imports went up only 4 percent (5.1 percent in Q1). On the other hand, output slowed for household consumption (2 percent from 2.3 percent) and continued to decrease for fixed investment (-11.3 percent from -9 percent). GDP Annual Growth Rate in Macedonia averaged 2.67 percent from 2001 until 2018, reaching an all time high of 10.70 percent in the second quarter of 2005 and a record low of -12.70 percent in the third quarter of 2001.

Macedonia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-09 11:45 AM GDP Growth Rate YoY 1.2% 0.2% 0.6%
2018-06-07 12:55 PM GDP Growth Rate YoY 0.1% 1.2% 1.9%
2018-09-07 09:35 AM GDP Growth Rate YoY 3.1% 0.1% 1.2%
2018-12-07 01:00 PM GDP Growth Rate YoY 3.1% 1.5%


Macedonia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.10 0.10 10.70 -12.70 percent [+]
GDP 11.34 10.75 11.36 2.32 USD Billion [+]
GDP Constant Prices 159685.00 149483.00 165885.00 59063.00 MKD Million [+]
Gross Fixed Capital Formation 143495.57 129095.00 143495.57 34716.00 MKD Million [+]
GDP per capita 5245.36 5249.22 5249.22 3057.00 USD [+]
GDP per capita PPP 13111.21 13120.87 13120.87 7641.24 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 0.10 10.70 -12.70 2001 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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