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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).

Prepared data are line with the requirements of ESA 2010. More information on introduction of ESA 2010 is available on the following link.


Key Indicators
  Gross domestic product per capita  ( 2021) : 392930 denars (Preliminary Data)  

  The biggest share in total GDP has Skopje region  ( 2021) : 43.9 % - preliminary data  

  The lowest share in total GDP has Northeast region  ( 2021) : 4.9 % - preliminary data  

  The biggest share in the total GFCF has Skopje region  ( 2021) : 55.9 % - preliminary data  

  The lowest share in the total GFCF has Northeast region  ( 2021) : 4.3 % - preliminary data  

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.


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