Annual growth of the gross capital formation in North Macedonia
North Macedonia: Annual growth of the gross capital formation was 10.4% in 2024. ◆ Volatile
Annual growth of the gross capital formation in North Macedonia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
North Macedonia recorded 10.4% for annual growth of the gross capital formation in 2024.
Compared with earlier readings it is up 165.5% on the previous year and down 2.4% over ten years.
Over the whole period, annual growth of the gross capital formation in North Macedonia peaked at 50.4% in 2000 and was at its lowest, -15.9%, in 2023.
That places North Macedonia 35th out of 174 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 50.4% | — |
| 2001 | -6.1% | -112.2% |
| 2002 | 18.0% | -393.0% |
| 2003 | -5.1% | -128.0% |
| 2004 | 18.7% | -469.1% |
| 2005 | -9.2% | -149.5% |
| 2006 | 9.5% | -202.8% |
| 2007 | 13.2% | +39.4% |
| 2008 | 22.3% | +68.9% |
| 2009 | -0.6% | -102.7% |
| 2010 | -3.8% | +542.2% |
| 2011 | 17.9% | -571.2% |
| 2012 | 10.2% | -43.2% |
| 2013 | 0.5% | -95.2% |
| 2014 | 10.7% | +2063.5% |
| 2015 | 8.3% | -22.5% |
| 2016 | 12.5% | +51.5% |
| 2017 | -2.2% | -117.6% |
| 2018 | 1.7% | -175.9% |
| 2019 | 9.5% | +469.9% |
| 2020 | -15.1% | -258.5% |
| 2021 | 2.9% | -119.3% |
| 2022 | 11.9% | +306.9% |
| 2023 | -15.9% | -233.8% |
| 2024 | 10.4% | -165.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.1% | -9.2% | 50.4% | 10 |
| 2010s | 6.5% | -3.8% | 17.9% | 10 |
| 2020s | -1.2% | -15.9% | 11.9% | 5 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 400.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0209 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 219.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 675.78 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -36.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0354 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in North Macedonia?
- Annual growth of the gross capital formation in North Macedonia was 10.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in North Macedonia?
- The highest recorded value was 50.4% in 2000.
- What is the lowest annual growth of the gross capital formation recorded in North Macedonia?
- The lowest recorded value was -15.9% in 2023.
- How does North Macedonia rank for annual growth of the gross capital formation?
- North Macedonia ranks 35th out of 174 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in North Macedonia?
- Over the last ten years it is down 2.4%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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