North Macedonia’s gross domestic product expanded by 2.1% year-on-year in the first quarter of 2023, accelerating from a 0.6% advance in the fourth quarter of 2022. It marked the tenth consecutive period of expansion mainly due to an improvement in net external demand. Exports rose 7.1% (vs 10.2% in Q4) and imports dropped 4.3% (vs 6.5%). Meanwhile, household consumption eased (2.7% vs 3%) and government expenditure (-5.9% vs -2.8%) and investment (-22.3% vs -5.3%) fell faster. source: State Statistical Office of the Republic of Macedonia
GDP Annual Growth Rate in Macedonia averaged 2.54 percent from 2001 until 2023, reaching an all time high of 14.50 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 June of 2023.
GDP Annual Growth Rate in Macedonia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.