Macedonia's GDP per capita reaches 36% of EU average in 2009.

By bne IntelliNews December 17, 2010
Macedonia's GDP per capita, after purchasing power adjustment, was 36% of EU-27 average in 2009, up from 34% in 2008 and 31% in 2007, according to data of Eurostat. With regard to the 2009 figures, Macedonia lagged Croatia (65%), Montenegro (41%) and Serbia (37%), but was ahead of Bosnia and Herzegovina (31%) and Albania (27%). In a related note, World Bank Country Manager Lilia Burunciuc presented estimates that in order to catch up with the EU-27 average in 25 years, Macedonia will need growth rates of 6%, assuming EU-27 growth rate of 1.5%. Macedonia's 2.8% average growth rate during the last decade will provide convergence in 86 years. The available presentation suggests that the World Bank sees Macedonia GDP per capita to be somewhat lower as percentage of the EU-27 average than the latest Eurostat data. The convergence estimates were part of a presentation on the occasion of the opening of a joint public information centre of the World Bank and Macedonia's central bank.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss