5thDecember 2025, Skopje - GDP growth recorded in the third quarter of 2025, as announced by the State Statistical Office on Friday, reflects the maximum efforts we have made over the past year and a half,” Minister of Finance, Gordana Dimitrieska-Kochoska, stated at today’s press conference.
“Real Gross Domestic Product growth stands at 3.8% in the third quarter of 2025, thus further intensifying the economic activity, following the 2.9% growth in the first quarter, and the 3.5% surge in the second quarter of this year. Thereby, the 3.8% growth ranks among the highest recorded in recent years. As per the data on the third quarter of 2025, Macedonia is ranked third in GDP growth, among regional and EU countries, with only Ireland and Denmark recording higher growth. When compared with countries in the region, as for the third quarter of 2025, growth stood at 2% in Serbia, accounting for 3.1% in Montenegro, 2.3% in Croatia, 43.1% in Bulgaria, 1.2% in Romania, etc. In cumulative terms, growth stands at 3.4% in the first three quarters of this year,” Minister pointed out.
She stressed the gross investments as the primary driving force of growth in the third quarter, which rose by an exceptionally high 30.6%, thus marking one of the best quarters since the country’s economic activity has been monitored.
According to the Minister, “the investment growth data speak most strongly in favor of investors’ confidence in the domestic economy. Furthermore, these data attest to the Government’s firm commitment to investing in new production capacities and boosting companies’ competitiveness over the past period, which has yielded exceptionally positive results.”
As per the Minister, the strongly scaled-up investments in this period stems from a combination of several positive economic trends, i.e. robust investment activity by domestic companies, fueled by great both absorption and interest in the Government’s favorable credit line, followed by the Government’s firm commitment to capital investments, including optimization of the costs, the dynamics, and the conditions related to construction, as well as the municipal support for implementation of capital projects aimed at promoting balanced regional development and improving citizens’ living standard.
In a nutshell, such upward trend in investments demonstrates the effectiveness of the Government’s policies, even amid an exceptionally challenging global economic environment,” the Minister stated, thereby adding that final consumption with its 1.8% increase also positively contributed to growth.
As per the Minister, the data indicate growth across all sectors, with construction standing out with 21% growth, and civil engineering experiencing particularly high 58.5%, a real growth that Macedonian economy has not experienced over the last decade. <0}
Minister believes that this growth in construction and civil engineering is in line with the data on gross investments, pointing out the process of unlocking and intensifying capital investments in major infrastructure projects.
She noted that, in addition to construction, growth was recorded at services, standing at 2.9%, accounting for 7.4% in the field of information and communications, 6.1% in professional, scientific, and technical activities, 2.6% in trade and transport, 1.3% in industry, and 4.0% in agriculture, thereby stressing that this serves as an incentive for the entire Government to keep working with even greater momentum in order to attain higher economic growth rates and increase the citizens’ living standard.
