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Macedonia's GDP expands by 0.2% y/y in Q3

Macedonia's GDP expands by 0.2% y/y in Q3 antpkr/Shutterstock.com

SKOPJE (Macedonia), December 7 (SeeNews) - Macedonia's economy expanded by an estimated 0.2% year-on-year in the third quarter of 2017, reaching 159.7 billion denars ($3.05 billion/2.59 billion euro), after decreasing by 1.3% in the second quarter, data from the national statistical office showed on Thursday.

Exports of goods and services increased by 5.5% year-on-year in the review period, while imports grew by 2.1%, according to figures posted on the website of the statistical office.

Macedonia's final consumption grew by an estimated 1.6% year-on-year in July-September 2017.

Gross capital formation fell by 9.4% in the third quarter of 2017, compared to a year earlier. In the second quarter, gross capital formation fell by 18.6% on an annual comparison basis.

Macedonia recorded economic growth of 2.9% last year.

(1 euro = 61.7331 denars)

 

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