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Macedonia's GDP rises real 3.2% y/y in Q1 - stats office estimate

Author Nina Byalkova
Macedonia's GDP rises real 3.2% y/y in Q1 - stats office estimate potowizard/Shutterstock.com

SKOPJE (Macedonia), June 12 (SeeNews) - Macedonia's economy expanded by a real 3.2% year-on-year in the first quarter of 2015, compared to a preliminary 3.9% annual increase a year earlier, estimated figures of the country's statistics office indicated on Friday.

Macedonia's gross domestic product (GDP) totalled 98.6 billion denars ($1.8 billion/1.6 billion euro) at current prices in the first quarter, compared to 108.9 billion denars a year earlier, the statistics office said in a statement citing estimated figures.

In 2014 Macedonia's economy expanded by 3.8% in real terms, according to preliminary data.

Details follow (in billions of denars):

  Q1'15** Q1'14*
GDP 98.6 95.5
Final consumption 85.7 84.1
Gross capital formation 25.6 25.0

** estimates

* preliminary data

(1 euro = 61.6473 Macedonian denars)

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