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Methodological explanation for the news release:

Gross domestic product (quarterly data)

Data sources

The quarterly Gross Domestic Product calculations are based mainly on the short-term indicators, which are produced by the State Statistical Office.

The data on the respective quarter are published as estimated data. Along with the publication of data for each quarter, revised data for the previous quarters are also published. With each revision of the annual Gross Domestic Product data, a revision of the quarterly Gross Domestic Product data is done as well.

For quarterly GDP estimations the following sources are used: annual GDP estimations, data from the Ministry of Finance, data from the National Bank, data from the regular monthly and quarterly surveys of the State Statistical Office and additional data from different institutions.

Gross domestic product at constant prices is calculated by using the double indicators method. Quarterly GDP volume indices by production approach are calculated using 2005 as a reference year. Because of the chain-linking method applied in the calculations, non-additivity of the data appears.

For the calculation of final consumption at current prices data from the Household Budget Survey are used, as well as administrative data sources and other relevant sources.

The calculation of Gross capital formation is based on the commodity flow method in the part for machinery and equipment and on the data from surveys in the State Statistical Office that are used for estimation of construction and change in inventories. Gross investment includes the values for Research & Development and Military Weapons according to the System of National Accounts SNA 2008 and the European System of Accounts 2010.

Data on export of goods and services and import of goods and services are calculated on the basis of the data from the National Bank of the Republic of Macedonia.


Gross Domestic Product at market prices is the final result of the production activity of the resident producer units and is a sum of gross value added of the various institutional sectors or the various industries at basic prices plus value added tax, import duties less subsidies on products (which are not allocated to sectors and industries).

The expenditure approach of GDP measures final use categories, i.e. consumption of final goods and services produced in the domestic economy, gross capital formation and net export of goods and services?.

Last updated: 16.09.2014


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