Importance of the agricultural sector for the Economic development of the Republic of North Macedonia
Journal
Economic Development, Journal of the Institute of Economics – Skopje
Date Issued
2019-06
Author(s)
Elizabeta Djambaska
Aleksandra Lozanoska
Abstract
This paper analyse the role and importance of the agricultural sector for
the economic development of the Republic of North Macedonia. The focus
of the research is on the indicators that present the agricultural sector as real
GDP and gross added value in the agricultural sector in the Republic of North
Macedonia, for the period from 2000 to 2016.
General conclusion is that GDP growth in the Republic of North
Macedonia in the analysed period arise from the household production and
gross investment. Also, agriculture is one of the four dominant sectors beside
trade, industry and construction that contribute to economic growth in the
Republic of North Macedonia. The share of the agriculture, forestry and fishing
sector in the real GDP in the Republic of North Macedonia is around 13%. The
largest contribution from agriculture to the GDP of the Republic of North
Macedonia arise from the Southeast, Pelagonia and Polog region. Therefore,
measures and activities for stimulating economic growth should mostly be
directed towards these regions. The relative share of the gross value added of
agricultural production in the Republic of North Macedonia is around 10% of
GDP and it considered to be important sector for economic development.
the economic development of the Republic of North Macedonia. The focus
of the research is on the indicators that present the agricultural sector as real
GDP and gross added value in the agricultural sector in the Republic of North
Macedonia, for the period from 2000 to 2016.
General conclusion is that GDP growth in the Republic of North
Macedonia in the analysed period arise from the household production and
gross investment. Also, agriculture is one of the four dominant sectors beside
trade, industry and construction that contribute to economic growth in the
Republic of North Macedonia. The share of the agriculture, forestry and fishing
sector in the real GDP in the Republic of North Macedonia is around 13%. The
largest contribution from agriculture to the GDP of the Republic of North
Macedonia arise from the Southeast, Pelagonia and Polog region. Therefore,
measures and activities for stimulating economic growth should mostly be
directed towards these regions. The relative share of the gross value added of
agricultural production in the Republic of North Macedonia is around 10% of
GDP and it considered to be important sector for economic development.
Subjects