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: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of the gross capital formation in North Macedonia is 10.4%, measured in 2024.
That represents a change of up 165.5% on the previous year and down 2.3% 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 34th out of 167 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 | % | Change |
|---|---|---|
| 2000 | 50.4% | — |
| 2001 | -6.2% | -112.2% |
| 2002 | 18.0% | -393.0% |
| 2003 | -5.0% | -128.0% |
| 2004 | 18.6% | -469.3% |
| 2005 | -9.2% | -149.5% |
| 2006 | 9.5% | -202.8% |
| 2007 | 13.2% | +39.3% |
| 2008 | 22.3% | +68.9% |
| 2009 | -0.6% | -102.6% |
| 2010 | -3.8% | +544.1% |
| 2011 | 17.9% | -571.8% |
| 2012 | 10.2% | -43.2% |
| 2013 | 0.5% | -95.2% |
| 2014 | 10.7% | +2077.6% |
| 2015 | 8.3% | -22.5% |
| 2016 | 12.5% | +51.5% |
| 2017 | -2.2% | -117.6% |
| 2018 | 1.7% | -175.9% |
| 2019 | 9.5% | +470.7% |
| 2020 | -15.1% | -258.6% |
| 2021 | 2.9% | -119.3% |
| 2022 | 11.9% | +306.8% |
| 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)
- Gross capital formation (current US$), annual growth rate 16.83 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.3172 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,328 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.26 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 17.34 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 181,859 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 7.99 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1919 constant 2015 US$ per US$ of GDP (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 World Bank – processed by Our World in Data.
- 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 34th out of 167 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 2.3%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).