Macedonia

Economic Growth

-5.21
the rate of change of real GDP
Dec 92Dec 94Dec 96Dec 98Dec 00Dec 02Dec 04Dec 06Dec 08Dec 10Dec 12Dec 14Dec 16Dec 18Dec 20-8.000-4.0000.0004.0008.000
  • Macedonia
  • Global Median
Source: IMF

Global Ranking

113
Japan-4.59
114
Hungary-4.68
116
Bahrain-5.09
117
Algeria-5.1
118
Macedonia-5.21
119
Canada-5.23
119
Cyprus-5.23
121
Singapore-5.39
122
Angola-5.4
123
Malaysia-5.65

Europe Ranking

21
Slovenia-4.23
22
Slovakia-4.36
23
Bulgaria-4.39
24
Germany-4.57
25
Hungary-4.68
26
Macedonia-5.21
27
Cyprus-5.23
28
Angola-5.4
29
Belgium-5.66
31
Iceland-6.5

News

Definition of Economic Growth

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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