Sunday, 23 January 2022 | News today: 0

Macedonia’s economy rises by 3.9% in first quarter of the year


According to the data of the State Statistical Office, Macedonia’s economy rose by 3.9 % in the first quarter of the year, which is an excellent result for the country. According to the official statistics of EURO STAT, Macedonia notes highest growth compared to all European Union countries.

This date shows that the Macedonian economy is moving in positive direction, and the companies are making more money. Since the beginning of the year the industrial production in the country is continuously growing , and export growth in April reached a growth of 15.1%. Such growth trend is a confirmation of the legitimacy of the Government’s measures aimed at overcoming the consequences of the global crisis as well as the benefits for investors and the steps taken with a view to creating favorable business climate in the country.

The Gross Domestic Product (GDP) rose by 3.9 percent in the first quarter of 2014, said the State Statistical Office on Friday.

In this quarter, an increase was registered in most of the sections. The biggest increase was recorded in sections F – Construction by 13.7%, J+K+O – Financial intermediation, Real estate, renting and business activities, Other community, social and personal service activities (Imputed rents are also included) by 4.7% and G – Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods by 3.3%.