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Macedonia's GDP grows 3% y/y in Q3

Macedonia's GDP grows 3% y/y in Q3 Bradley Howard/CC BY 2.0

SKOPJE (Macedonia), December 6 (SeeNews) – Macedonia's economy grew by an estimated 3% year-on-year in the third quarter of 2018, reaching 172.067 billion denars ($3.2 billion/2.8 billion euro) at current prices, after increasing at the same annual rate in the previous quarter, official figures showed on Thursday.

Exports of goods and services rose by 16.4% in the review period, while imports grew by 12.6%, according to figures posted on the website of the statistical office.

Macedonia's household final consumption grew by an estimated 4.1% year-on-year in July-September 2018.

Gross capital formation fell by 8.5% in the third quarter. In the second quarter, gross capital formation decreased by 16.4% on an annual comparison basis.

Macedonia recorded zero economic growth last year.

(1 euro = 61.20 denars)

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