6th March 2026, Skopje - The 3.5% GDP growth recorded in 2025, as published by the State Statistical Office, is not solely the Government’s achievement, but also a joint result of cooperation with the private sector, underpinned by strong mutual trust, as Minister of Finance, Gordana Dimitrieska-Kochoska stated at today’s ‘panel discussion held at the Government's premises on the topic “Economic Growth – Economic Security for Citizens.”
“It is noteworthy that Macedonian companies are operating amidst global uncertainty, which is creating downward paths as regards GDP growth throughout Europe, with certain economic partners even experiencing negative economic growth. In contrast, our economy has demonstrated stability, proving itself to be robust and resilient to these global challenges,” Minister of Finance pointed out.
Referring to the official figures, she drew attention to the changes initiated since the new Government took office in 2024. She further noted that the average GDP growth during the previous Government’s term was 1.9%, rising to 2.3% in the first two quarters of 2024, and reaching 3.6% in the subsequent two quarters following the change in Government. According to the Minister, this demonstrates that, as a result of the change in Government, the economy has gained positive momentum, a trend consistently reaffirmed over the last eighteen months.”
The Minister added that a key factor in achieving these results is the shift in economic flows. She highlighted that the loan extended from the Hungarian Export-Import Bank, intended for the private sector, was provided at the right time, and that EUR 224 million has already been disbursed, contributing to economic stability and generating added value, thereby fostering sustained economic growth. She also reminded that EUR 250 million under this credit line has also been allocated to municipalities, where substantial utilization has been observed. According to the Minister, another factor contributing to the positive GDP growth results is the 15% increase in corporate lending, reflecting a favourable economic climate.
During the panel discussion, the Minister highlighted that significance of growth being recorded across all sectors, with net exports accounting for the largest share of added value.
As per the Minister, the Ministry of Finance has consistently relied on realistic projections for GDP growth over the past years.
“For two consecutive years, our performance has exceeded the projected targets. This has ensured stability, fiscal consolidation, and a gradual reduction of the budget deficit, one again demonstrating that GDP growth is propelled by state-backed investments, while the private sector plays a decisive role without which such outcomes would be unattainable. As a result of meticulous projecting and prudent spending, public debt stood at 59.3% as of 31st December 2025.
This panel discussion was also attended by Deputy Prime Minister and Minister of Transport, Aleksandar Nikoloski, as well as the Minister of Agriculture, Forestry, and Water Management, Cvetan Tripunovski.
