September 28 (SeeNews) - Macedonia's economy grew in the second quarter of 2007 by a nominal 4.7% on the year, faster than the 2.8% annual growth it posted in the second quarter of 2006, the state Statistics Office said on Friday.
Macedonia's gross domestic product (GDP) grew by a revised annual 7.0% in nominal terms in the first quarter of this year.
The country's gross domestic product for the second quarter of the current year totalled 60.898 billion denars ($1.403 billion/990.5 million euro), driven by a rise in the output of the transport, wholesale and retail sectors, the statistics office said in a statement.
Macedonia's economic growth slowed to a revised nominal 3.1% last year from 5.2% in 2005. The government has projected a GDP growth of 4.5% for 2007.
Following is a breakdown of Macedonia's GDP by sector (in billions of denars):
|
|
*Q2'07 |
**Q2'06 |
y/y change, pct points |
| Agriculture |
+5.3 |
+5.6 |
-3.0 |
| Mining |
+13.5 |
+13.96 |
-3.5 |
| Transport |
+5.2 |
+4.5 |
+15.9 |
| Construction |
+3.5 |
+3.2 |
+10.5 |
| Trade |
+8.8 |
+7.9 |
+12.0 |
| Hotels and restaurants |
+0.91 |
+0.95 |
-4.1 |
| Financial services |
+7.5 |
+7.4 |
+1.8 |
| Public services |
+8.2 |
+7.8 |
+4.4 |
(*) preliminary data
(**) revised data
(1 euro = 61.4848 Macedonian denars)