Macedonia’s gross domestic products expanded 3 percent year-on-year in the third quarter of 2018, the same as in the previous three month period, remaining the strongest pace of expansion since the economy shrank 1.8 percent in the second quarter of 2017. Household consumption (3 percent from 1.9 percent) and government expenditure (9.6 percent from 7.7 percent) rose faster while fixed investment continued to contract (-8.5 percent from -16.4 percent). Also, net trade contributed positively to growth, as exports jumped 12 percent (from 14.1 percent in Q2) while imports went up 7.5 percent (from 3.4 percent in Q2). GDP Annual Growth Rate in Macedonia averaged 2.68 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.

GDP Annual Growth Rate in Macedonia is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Macedonia to stand at 2.30 in 12 months time. In the long-term, the Macedonia GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

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 11:20 AM GDP Growth Rate YoY 3% 3% 1.5%
2019-03-08 11:45 AM GDP Growth Rate YoY 3% 1.80%
2019-06-07 12:55 PM GDP Growth Rate YoY 2.20%
2019-09-06 09:35 AM GDP Growth Rate YoY 2%


Macedonia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.00 3.00 10.70 -12.70 percent [+]
GDP 11.34 10.75 11.36 2.32 USD Billion [+]
GDP Constant Prices 172067.00 161210.00 172067.00 59063.00 MKD Million [+]
Gross Fixed Capital Formation 135317.85 143495.57 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 10.70 -12.70 2001 - 2018 percent Quarterly




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Japan 0.00 Sep/18
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