According to the estimated data, the growth rate of the Gross Domestic Product (GDP) in the first quarter of 2018 was 0.1%.
In this quarter, the largest increase was recorded in sections: R, S and T - Arts, entertainment and recreation; Other service activities; Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use by 12.1%; G, H and I - Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities by 10.5% and M and N - Professional, scientific and technical activities;
Administrative and support service activities by 8.5%. In the first quarter of 2018, Household final consumption, including Non-profit institutions serving households, increased by 4.0% in nominal terms, and its share in the GDP structure was 64.3%. In the same period, Export of goods and services increased by 10.4% in nominal terms, while Import of goods and services increased by 9.1%.
Source: State Statistical Office of RM (2018).
Macedonia is ranked 63th in world list of Best Countries for Business,which publishes the American magazine Forbes. This is a decline of 28 positions compared to last year's ranking when Macedonia was on the 35th position in the world. This year as the best country for doing business is the UK placed first out of 153 countries. American magazine measured 15 different factors of business development, as taxes, personal and economic liberty, bureaucracy, property rights, innovation, corruption, technology, trade and monetary freedom and the protection of investors. The second best country for doing business is New Zealand, the Netherlands third, Sweden's fourth and fifth Canada. At the very bottom of the list 150th place is Afghanistan, Haiti is 151st place, Gambia 152nd and Chad 153th place. In the region, the best ranked is Slovenia at 32nd position, Croatia is ranked 51st place, Montenegro on 68th place, Serbia at 69th, Albania 71st, Bosnia and Herzegovina on 97th place.
According to the estimated data, the growth rate of the Gross Domestic Product (GDP) in the third quarter of 2017 was 0.2%.
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 9.8%; A - Agriculture, forestry and fishing by 3.8% and L - Real estate activities by 0.9%.
In the third quarter of 2017, Household final consumption, including Non-profit institutions serving households, increased by 5.0% in nominal terms, and its share in the GDP structure was 65.5%.
In the same period, Export of goods and services increased by 9.8% in nominal terms, while Import of goods and services increased by 5.0%.
According to the State Statistical Office data, the industrial production volume index in October 2017, in comparison with October 2016, was 101.3.
The industrial production in the section Mining and quarrying in October 2017, in comparison with October 2016, decreased by 10.6%, in the section Manufacturing it increased by 2.1%, while in the section Electricity, gas, steam and air conditioning supply it increased by 6.5%.
The increase in the section Manufacturing is mostly due to increased production in the divisions Manufacture of tobacco products, Manufacture of basic pharmaceutical products and pharmaceutical preparations, Manufacture of rubber and plastic products, Manufacture of other non-metallic mineral products, Manufacture of fabricated metal products, except machinery and equipment, Manufacture of electrical equipment, Manufacture of machinery and equipment n.e.c. and Manufacture of motor vehicles, trailers and semi-trailers.
The industrial production by Main Industrial Groupings in October 2017, in comparison with October 2016, was higher in Energy by 4.0% and Capital goods by 15.4%, but lower in Intermediate goods, except energy by 2.8%, Durable consumer goods by 9.4% and Non-durable consumer goods by 3.1%. The industrial production index in the period January - October 2017, in comparison with January - October 2016, was 100.1.
This year marks the 15th Doing Business Report. Since the project began in 2003, the global business regulatory environment has changed dramatically. Governments around the world have embraced and nurtured by advances in information technology to reduce bureaucratic obstacles and increase transparency.
According to the State Statistical Office of Republic of Macedonia, as of January 2017, 91.2% of the enterprises with 10 or more employees had broadband connection to Internet (via fixed or mobile broadband connection). Access to Internet via a portable device using mobile telephone network (3G/4G) was used by 63.0% of the enterprises. The mobile Internet connection (via portable devices: notebook, laptop, smartphone, PDA phone, etc.), for business purposes, was used by 14.5% of the employees.
More than half 54.2% of the enterprises used social media (e.g. Facebook, LinkedIn, Twitter, Present.ly, YouTube, Flickr, Picassa, Wiki-tools, etc.), i.e. had a user profile, an account or a user license for using certain social media. Around 49% of the enterprises have website/homepage, of which 80% listed their goods or services and price lists on the website. 59% had links or references to their social media profiles, and 21% provided online ordering or reservation or booking. During 2016, 10.3% of enterprises with 10 or more employees had e-commerce, i.e. buying or selling goods or services over computer networks (via websites or EDI-type systems), 6.0% of enterprises had e-sales, and 5.8% of enterprises had e-purchases.