State Statistical Office - Regional Accounts

Regional Accounts

Regional accounts, as a subsystem of national accounts, have an important role in the creation, implementation and evaluation of regional policy and development. Reliable and economic data are the basis for measuring regional disparities, all in order to reduce the economic and social disparities among the regions.

Concerning the regional economic accounts, two main indicators are compiled at the regional level: Gross Value Added (GVA), as a basis for estimation of Gross domestic product (GDP) and Gross fixed capital formation (GFCF).

According to the data of the State Statistical Office, the Skopje Region had the biggest share (43.7%) in the gross domestic product of the Republic Macedonia in 2010, while the Northeast Region had the smallest share (4.4%).

Key Indicators

Gross domestic product per capita ( 2010) : 211246 denars

The biggest share in total GDP has Skopje region ( 2010) : 43.7 %

The lowest share in total GDP has Northeast region ( 2010) : 4.4 %

The biggest share in the total GFCF has Skopje region ( 2010) : 54.6 %

The lowest share in the total GFCF has Northeast region ( 2010) : 2.6 %

Time Series

Terms and explanations
Gross domestic products at market prices is the final result of the production activity of the resident producer units and it is the sum of gross value added of the various institutional sectors or the various industries at basic prices plus value added, import duties less subsidies on products. Gross value added at basic prices is the basic category of GDP and it is defined as a balance between gross output and intermediate consumption. Gross Fixed Capital Formation in the reference year represents the total value of acquisition of fixed assets less disposals (sales) of fixed assets in the accounting period and increased by some additions of value of non-produced assets.

Terms and explanations

Gross domestic products at market prices is the final result of the production activity of the resident producer units and it is the sum of gross value added of the various institutional sectors or the various industries at basic prices plus value added, import duties less subsidies on products.

Gross value added at basic prices is the basic category of GDP and it is defined as a balance between gross output and intermediate consumption.

Gross Fixed Capital Formation in the reference year represents the total value of acquisition of fixed assets less disposals (sales) of fixed assets in the accounting period and increased by some additions of value of non-produced assets.

News releases
Gross domestic product, by regions

News releases

Gross domestic product, by regions