Gross capital formation in North Macedonia
North Macedonia: Gross capital formation was 8.0% in 2025. ◆ Volatile
Gross capital formation in North Macedonia, 1991–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
North Macedonia recorded 8.0% for gross capital formation in 2025.
The figure is down 21.1% on the previous year and down 3.4% over ten years.
Over the whole period, gross capital formation in North Macedonia peaked at 50.4% in 2000 and was at its lowest, -20.8%, in 1992.
That places North Macedonia 60th out of 168 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in North Macedonia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1991 | -15.1% | — |
| 1992 | -20.8% | +37.6% |
| 1993 | 8.8% | -142.1% |
| 1994 | -4.1% | -146.6% |
| 1995 | 0.7% | -116.7% |
| 1996 | 5.0% | +637.4% |
| 1997 | 17.4% | +245.0% |
| 1998 | 2.3% | -86.6% |
| 1999 | -10.8% | -565.2% |
| 2000 | 50.4% | -566.1% |
| 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 | 10.1% | -163.7% |
| 2025 | 8.0% | -21.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.8% | -20.8% | 17.4% | 9 |
| 2000s | 11.1% | -9.2% | 50.4% | 10 |
| 2010s | 6.5% | -3.8% | 17.9% | 10 |
| 2020s | 0.3% | -15.9% | 11.9% | 6 |
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)
- Manufacturing, value added (constant LCU), per capita 29,955 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 12.81 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2409 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 2,528 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.4 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 13.17 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 138,128 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 5.39 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in North Macedonia?
- Gross capital formation in North Macedonia was 8.0% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in North Macedonia?
- The highest recorded value was 50.4% in 2000.
- What is the lowest gross capital formation recorded in North Macedonia?
- The lowest recorded value was -20.8% in 1992.
- How does North Macedonia rank for gross capital formation?
- North Macedonia ranks 60th out of 168 countries with data for 2025.
- Is gross capital formation rising or falling in North Macedonia?
- Over the last ten years it is down 3.4%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.