Macedonian GDP Rises 4.1% in Q3

The growth rate of the Gross Domestic Product (GDP) in the third quarter of 2014 was 4.1%, says the State Statistical Office.

In this quarter, the biggest increase was recorded in Manufacturing by 16.6%; Arts, entertainment and recreation; Other service activities; Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use by 11.6%; Professional, scientific and technical activities; Administrative and support service activities by 8.2%; and Financial and insurance activities by 7.5%.

In the third quarter of 2014, Household final consumption, including Non-profit institutions serving households, increased by 1.7% in nominal terms compared to the same period of 2013, and its share in the GDP structure was 67.9%.

In the same period, Export of goods and services increased by 13.6% in nominal terms, while Import of goods and services increased by 10.8%.
The GDP rose by 3.2 and 4.4 percent in Q1 and Q2 respectively.

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