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Macroeconomics

An overview


Macroeconomic values describe the structure of an economic system and its ability to grow. 

Economy available resources (Gdp and import) may be used to purchase goods for consumption, for fixed capital formation and for export, i.e. consumption, fixed capital formation and exports are the three components of aggregate demand.

Though increasing during the term 2015-2016, (+1.1% each year), the actual Gdp per capita marked a decrease in the last ten years (-9.6% since 2007).
The domestic share of final consumption to Gdp slightly decreased, while the negative trend of investments share started in 2008 changed direction.  Exports increased in 2016 thanks to expansion in the Eu28 countries (+3.1%). The share of exports over the national total kept almost stable in all geographical areas.


Labour productivity in market economy sector has increased by 2.2% between 2010 and 2015. During the past year the increase was by 0.2%, due to a lower increase of labour input (+0.7%) to added value (+0.9%).

In 2017 the dynamics of the consumer price index had the first significant increase after three years of a value close to zero.

The decrease in house prices persisted to a lesser extent to 2015 as annual average (-0.8% in 2016 to -2.6%). The reduction was mainly attributable to price dynamics of the existing houses which recorded a decrease similar to new constructions (-0.8%).