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

Macedonia's economy showed no growth year-on-year in the first quarter of 2017, following 2.4 percent growth in the previous period. It was the first time that GDP stalled since the fourth quarter of 2012. Growth slowed for government spending (0.7 percent from 3.4 percent in Q4 of 2016) and household consumption (2.7 percent from 5.1 percent). In contrast, investments rebounded (0.6 percent from -10.4 percent). Net trade contributed negatively, as imports rose at a faster 10.7 percent (from 5.3 percent) while exports slowed (9 percent from 11.2 percent). On a production side, output fell for construction (-6.3 percent from 28.5 percent); financial activities (-1.2 percent from 1.1 percent) and slowed for professional, scientific and technical activities (0.4 percent from 9.8 percent) and agriculture (1.1 percent from 1.8 percent). GDP Annual Growth Rate in Macedonia averaged 3.26 percent from 2004 until 2016, 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
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Calendar GMT Actual Previous Consensus Forecast (i)
2016-12-09 12:50 PM Q3 2.4% 3.1% 2.5%
2017-03-09 11:45 AM Q4 2.4% 2% 2.7%
2017-06-08 02:55 PM Q1 0% 2.4% 2.4%
2017-09-07 12:00 PM Q2 0% 2.6%
2017-12-07 01:00 PM Q3 2.5%




Macedonia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.90 3.10 8.20 -2.40 percent [+]
GDP Annual Growth Rate 0.00 2.40 8.20 -2.40 percent [+]
GDP 10.90 10.05 11.36 2.32 USD Billion [+]
GDP Constant Prices 145877.00 160309.00 160309.00 59063.00 MKD Million [+]
Gross Fixed Capital Formation 129095.00 123549.00 129095.00 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 Notes

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 July of 2017.

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



gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United States 2.10 Mar/17
United Kingdom 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17