The country’s GDP increased by a real 2.2% y/y and totalled MKD 107.0 bln in Q2 2016, according to preliminary data of the State Statistical Office of the Republic of Macedonia (SSORM).
Final consumption, which contributed 90.0% to the GDP, increased in value terms by 1.4% y/y to MKD 96.364 bln in Q2 2016. Gross capital formation went up by 9.2% to MKD 30.689 bln, contributing 28.7% to the GDP. Both exports and imports grew - by 7.1% and 6.9%, respectively.