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N. Macedonia's GDP grows 1.2% y/y in Q3 - prelim estimate

Dec 7, 2023, 1:32:26 PMArticle by Dragana Petrushevska
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December 7 (SeeNews) - North Macedonia's economic growth slightly accelerated to 1.2% year-on-year in real terms in the third quarter of 2023, compared to the previous quarter's growth of 1.1%, the country's statistical office said on Thursday, citing preliminary data.

N. Macedonia's GDP grows 1.2% y/y in Q3 - prelim estimate
Image credit: Pixabay.

Gross domestic product (GDP) totalled 215.4 billion denars ($3.8 billion/3.5 billion euro) at current prices in the July-September period, Makstat said in a statement.

Exports of goods and services fell by an annual 2.7% in nominal terms, while imports decreased by 9.1% in the quarter under review.

Household final consumption grew by an estimated 9.1% on the year in the third quarter, with its share in the GDP structure at 72.9%.

North Macedonia's GDP expanded by estimated 2.2% in 2022 after growing by 4.5% in 2021.

(1 euro = 61.50 denars)

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