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Theme: Regional Accounts

 




Gross domestic product and gross fixed capital formation, by regions, 2020 - preliminary data

17.12.2021


According to the data of the State Statistical Office, the Skopje Region had the biggest share (43.4%) in the gross domestic product of the Republic of North Macedonia in 2020, while the Northeast Region had the smallest share (4.8%).

A higher gross domestic product per capita compared to the average of the Republic of North Macedonia was recorded in the Skopje Region, with an index of 141.8, Vardar Region with an index of 111.5, Southeast Region with an index of 107.4 and Pelagonia Region with an index of 101.5. All other regions had gross domestic product per capita below the average of the Republic of North Macedonia.

When interpreting data by regions, the influence of “Commuter flows” on gross domestic product per capita should be taken into account. The daily migration of the labour force in certain regions enables the creation of gross domestic product to a level that could not be achieved by the resident active population on its own. The result is that GDP per capita can be overestimated in these regions and underestimated in regions with commuter outflows. Data do not present the degree of development by regions from the aspect of households' incomes. The citizens of other regions have an impact on the generation of GDP, for example in the Skopje Region, but their revenues are transferred to the regions where they live. The regions are defined according to the Nomenclature of Territorial Units for Statistics – NTES (Official Gazette of the Republic of North Macedonia, No. 131/19).

In 2020, in the Republic of North Macedonia, gross fixed capital formation amounted to 144 779 million denars, which is 0.7% less compared to the previous year. The Skopje Region had the biggest share in the total gross fixed capital formation (59.4%), while the Northeast Region had the smallest share (2.9%).

In comparison with 2019, gross fixed capital formation increased only in the Skopje Region by 16.1%.







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