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Macedonia Q3 GDP up by real 0.2% y/y - stats office estimate

Dec 17, 2012, 12:14:52 PMArticle by Valentina Dimitrievska
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December 17 (SeeNews) - Macedonia's economy grew by a real 0.2% on the year in the third quarter of 2012, compared to an annual growth of 1.3% a year earlier, an estimate released by the country's statistics office showed.

Macedonia Q3 GDP up by real 0.2% y/y - stats office estimate

Macedonia's third-quarter gross domestic product (GDP) totalled 119.1 billion denars ($2.5 billion/1.9 billion euro) at current prices, compared to 117.2 billion denars a year ago, the statistics office said in a statement on Friday.

In the second quarter of 2012, Macedonia's economy contracted by a real 0.7% on the year, compared to an annual growth of 3.6 % a year earlier, according to revised data of the Statistics Office.

In 2011, Macedonia's economy grew by a revised 2.8%.

Details follow (in billions of denars):

Q3 ’12* Q3 ’11
GDP 119.118 117.241
Final consumption 108.202 106.943
Gross capital formation 32.057 30.295

* estimate

(1 euro = 61.4971 Macedonian denars)

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