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Thursday, June 21, 2018, 

GDP posts 1.2 percent growth in final quarter of 2017

GDP posts 1.2 percent growth in final quarter of 2017

Skopje, 8 March 2018 (MIA) - The Gross Domestic Product (GDP) rose by 1.2 percent in the fourth quarter of 2017, says the State Statistical Office.

In this quarter, the biggest increase was recorded in sections: G, H and I - Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities by 15.6%; A - Agriculture, forestry and fishing by 4.0% and B, C, D and E - Mining and quarrying; Manufacturing; Electricity, gas, steam and air conditioning supply; Water supply; sewerage, waste management and remediation activities by 1.1%.

In the fourth quarter of 2017, Household final consumption, including Non-profit institutions serving households, increased by 4.9% in nominal terms, and its share in the GDP structure was 64.8%.

In the same period, Export of goods and services increased by 14.9% in nominal terms, while Import of goods and services increased by 11.0%. ik/15:25

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