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.

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