Macedonia's GDP up by 5.1% y/y in Q1 2011.

By bne IntelliNews June 26, 2011
Macedonia's GDP has increased by a real 5.1% y/y in Q1, accelerating from a revised 3.8% y/y in Q4 2010, the statistics office reported. The latest estimate is that the GDP has risen by a real 1.8% in 2010. With regard to the data for Q1, the supply side breakdown shows that the biggest annual increases were recorded in construction (21.2%) and industry (13.7%). The data on the expenditure components shows that gross capital formation has surged by as much as 60.1% y/y in Q1, speeding up from 26.3% y/y in Q4 2010. It should be noted though, that this impressive growth was recorded from a low base, as gross capital formation has dropped by 47% y/y in Q1 2010. Final consumption has risen by 2.4% y/y in Q1, reversing a 4.5% y/y drop in the previous quarter. In Q1, household final consumption increased by 3.9% y/y and general government final consumption dropped by 3.2% y/y. Exports and imports have surged by 34.8% y/y and 36.5% y/y respectively in Q1.

Macedonia's GDP up by 5.1% y/y in Q1 2011.

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, 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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335