Gross capital formation (constant 2015 US$) in North Macedonia
North Macedonia: Gross capital formation (constant 2015 US$) was 3.67 billion constant 2015 US$ in 2025. ◆ Volatile
Gross capital formation in North Macedonia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
North Macedonia recorded 3.67 billion constant 2015 US$ for gross capital formation in 2025.
Compared with earlier readings it is up 8.0% on the previous year and up 19.8% over ten years.
Over the whole period, gross capital formation in North Macedonia peaked at 3.75 billion constant 2015 US$ in 2019 and was at its lowest, 669.81 million constant 2015 US$, in 1992.
That places North Macedonia 122nd out of 163 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (constant 2015 US$) in North Macedonia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1990 | 995.80 million constant 2015 US$ | — |
| 1991 | 845.45 million constant 2015 US$ | -15.1% |
| 1992 | 669.81 million constant 2015 US$ | -20.8% |
| 1993 | 728.45 million constant 2015 US$ | +8.8% |
| 1994 | 698.72 million constant 2015 US$ | -4.1% |
| 1995 | 703.49 million constant 2015 US$ | +0.7% |
| 1996 | 738.94 million constant 2015 US$ | +5.0% |
| 1997 | 867.42 million constant 2015 US$ | +17.4% |
| 1998 | 887.60 million constant 2015 US$ | +2.3% |
| 1999 | 791.59 million constant 2015 US$ | -10.8% |
| 2000 | 1.19 billion constant 2015 US$ | +50.4% |
| 2001 | 1.12 billion constant 2015 US$ | -6.1% |
| 2002 | 1.32 billion constant 2015 US$ | +18.0% |
| 2003 | 1.25 billion constant 2015 US$ | -5.1% |
| 2004 | 1.49 billion constant 2015 US$ | +18.7% |
| 2005 | 1.35 billion constant 2015 US$ | -9.2% |
| 2006 | 1.48 billion constant 2015 US$ | +9.5% |
| 2007 | 1.67 billion constant 2015 US$ | +13.2% |
| 2008 | 2.05 billion constant 2015 US$ | +22.3% |
| 2009 | 2.03 billion constant 2015 US$ | -0.6% |
| 2010 | 1.96 billion constant 2015 US$ | -3.8% |
| 2011 | 2.31 billion constant 2015 US$ | +17.9% |
| 2012 | 2.54 billion constant 2015 US$ | +10.2% |
| 2013 | 2.55 billion constant 2015 US$ | +0.5% |
| 2014 | 2.83 billion constant 2015 US$ | +10.7% |
| 2015 | 3.06 billion constant 2015 US$ | +8.3% |
| 2016 | 3.44 billion constant 2015 US$ | +12.5% |
| 2017 | 3.37 billion constant 2015 US$ | -2.2% |
| 2018 | 3.42 billion constant 2015 US$ | +1.7% |
| 2019 | 3.75 billion constant 2015 US$ | +9.5% |
| 2020 | 3.18 billion constant 2015 US$ | -15.1% |
| 2021 | 3.28 billion constant 2015 US$ | +2.9% |
| 2022 | 3.67 billion constant 2015 US$ | +11.9% |
| 2023 | 3.08 billion constant 2015 US$ | -15.9% |
| 2024 | 3.40 billion constant 2015 US$ | +10.1% |
| 2025 | 3.67 billion constant 2015 US$ | +8.0% |
North Macedonia compared with similar countries
- North Macedonia's 3.67 billion constant 2015 US$ is below the median for upper middle income countries, which is 14.20 billion constant 2015 US$, 26% of the median. (45 countries reporting)
- North Macedonia's 3.67 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 21.86 billion constant 2015 US$, 17% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 792.73 million constant 2015 US$ | 669.81 million constant 2015 US$ | 995.80 million constant 2015 US$ | 10 |
| 2000s | 1.49 billion constant 2015 US$ | 1.12 billion constant 2015 US$ | 2.05 billion constant 2015 US$ | 10 |
| 2010s | 2.92 billion constant 2015 US$ | 1.96 billion constant 2015 US$ | 3.75 billion constant 2015 US$ | 10 |
| 2020s | 3.38 billion constant 2015 US$ | 3.08 billion constant 2015 US$ | 3.67 billion constant 2015 US$ | 6 |
Countries ranked near North Macedonia
- 119 Bahamas 3.74 billion constant 2015 US$ compare
- 120 Malta 3.70 billion constant 2015 US$ compare
- 121 Brunei 3.70 billion constant 2015 US$ compare
- 123 Palestine 3.64 billion constant 2015 US$ compare
- 124 Madagascar 3.53 billion constant 2015 US$ compare
- 125 Moldova 3.49 billion constant 2015 US$ compare
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)
- SDRs holdings, US dollar, annual growth rate -77.1 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.1524 units per person (2025)
- SDRs holdings, SDR, annual growth rate -78.2 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.1113 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -4.71 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0246 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in North Macedonia?
- Gross capital formation in North Macedonia was 3.67 billion constant 2015 US$ 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 3.75 billion constant 2015 US$ in 2019.
- What is the lowest gross capital formation recorded in North Macedonia?
- The lowest recorded value was 669.81 million constant 2015 US$ in 1992.
- How does North Macedonia rank for gross capital formation?
- North Macedonia ranks 122nd out of 163 countries with data for 2025.
- Is gross capital formation rising or falling in North Macedonia?
- Over the last ten years it is up 19.8%. 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.