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Macedonia Economy Report Q1 2016

The country’s GDP decreased by a real 2.0% y/y and totalled MKD 102.9 bln in Q1 2016, according to preliminary data of the State Statistical Office of the Republic of Macedonia (SSORM).

Final consumption, which contributed 85.9% to the GDP, increased in value terms by 3.6% y/y to MKD 88.447 bln in Q1 2016. Gross capital formation went down by 9.1% to MKD 30.523 bln, contributing 29.7% to the GDP. Both exports and imports grew - by 14.7% and 7.6%, respectively.

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