The 19th National Congress of the Communist Party of China kicks off today Beijing and promises to be the single biggest event this year. This makes it a true paradigm shift – an important change that happens when the usual way of thinking about or doing something is replaced by a new and different way. That's exactly what this Congress will be and it's the reason why it is of historic significance for each and every one of us and for the global economy.

The Global Competitiveness Index is a framework and a corresponding set of indicators in three principal categories and twelve policy domains for 137 economies. It measures the relative competitiveness of national economies.

The newest Global Competitiveness report for 2017-2018 implies that ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity.

Switzerland, the United States and Singapore remain the three world’s most competitive economies, followed by Netherlands, Germany and Hong Kong SAR.

Ranked 68th in the past year, Macedonia did not participate in this year rankings as data were unreliable. The most competitive neighboring economies:

  1. Slovenia – 48th place
  2. Bulgaria – 49th place
  3. Romania – 68th place
  4. Croatia – 74th place
  5. Albania – 75th place

 

According to the preliminary data of the State Statistical Office, the total value of exported goods from the Republic of Macedonia in the period January-August 2017 amounted to 196 628 850 thousand denars, a 14.0% increase compared to the same period last year.

According to the preliminary data of the State Statistical Office, obtained from the annual reports of business entities and other sources, the gross domestic product (GDP) in 2016 was 598 881 million denars and in comparison with 2015 it increased by 7.1% in nominal terms.

According to the State Statistical Office data, the industrial production volume index in August 2017, in comparison with August 2016, was 94.7.