Macedonia Economy Report Q4 2015

The country’s GDP increased by a real 3.7% y/y and totalled MKD 422.1 bln in 2015, 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 3.5% y/y to MKD 362.7 bln in 2015. Gross capital formation inched up by 0.1% to MKD 131.2 bln, contributing 31.1% to the GDP. Both exports and imports grew - by 4.6% and 2.4%, respectively.