North Macedonia vs Sub-Saharan Africa: Gross capital formation
Gross capital formation over time
- North Macedonia
- Sub-Saharan Africa
How they compare
North Macedonia currently reports 31.7% against 23.1% in Sub-Saharan Africa, a difference of 8.6%.
That makes North Macedonia's figure about 1.4 times Sub-Saharan Africa's.
The two have swapped places 5 times across 36 shared years of data; in 1990 it was Sub-Saharan Africa ahead.
North Macedonia ranks 24th and Sub-Saharan Africa ranks 26th of 187 countries.
Across the 4 decades both report, North Macedonia averaged higher in 2 and Sub-Saharan Africa in 2.
Head to head by decade
| Decade | North Macedonia | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 17.8% | 20.8% | 3.0% | Sub-Saharan Africa |
| 2000s | 21.8% | 22.9% | 1.1% | Sub-Saharan Africa |
| 2010s | 30.1% | 24.0% | 6.1% | North Macedonia |
| 2020s | 31.7% | 21.9% | 9.7% | North Macedonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, North Macedonia or Sub-Saharan Africa?
- North Macedonia, at 31.7% against 23.1% in Sub-Saharan Africa as of 2025.
- What is the difference in gross capital formation between North Macedonia and Sub-Saharan Africa?
- 8.6%, with North Macedonia ahead.
- How many years of comparable data are there for North Macedonia and Sub-Saharan Africa?
- 36 years are reported by both, from 1990 to 2025.
- How do North Macedonia and Sub-Saharan Africa rank globally for gross capital formation?
- North Macedonia ranks 24th and Sub-Saharan Africa ranks 26th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.