The country’s GDP increased by a real 2.4% y/y and totalled MKD 110.5 bln in Q3 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 4.4% y/y to MKD 94.854 bln in Q3 2016. Gross capital formation went down by 4.0% to MKD 27.794 bln, contributing 25.2% to the GDP. Both exports and imports grew - by 15.6% and 13.3%, respectively.