Gross capital formation (constant LCU), per unit of GDP in North Macedonia

North Macedonia: Gross capital formation (constant LCU), per unit of GDP was 8.71 constant LCU per US$ of GDP in 2025. ▲ Rising

Latest (2025)
8.71 constant LCU per US$ of GDP
Change on year
down 4.2%
World rank
62nd
of 170 countries
All-time high
14.9 constant LCU per US$ of GDP
in 2002
All-time low
6.78 constant LCU per US$ of GDP
in 1995
Years of data
36
1990–2025

Gross capital formation (constant LCU), per unit of GDP in North Macedonia, 1990–2025

0510151990200720251990: 9.6 constant LCU per US$ of GDP1991: 7.8 constant LCU per US$ of GDP1992: 12.5 constant LCU per US$ of GDP1993: 12.3 constant LCU per US$ of GDP1994: 8.9 constant LCU per US$ of GDP1995: 6.8 constant LCU per US$ of GDP1996: 7.2 constant LCU per US$ of GDP1997: 10.1 constant LCU per US$ of GDP1998: 10.7 constant LCU per US$ of GDP1999: 9.3 constant LCU per US$ of GDP2000: 14.3 constant LCU per US$ of GDP2001: 13.7 constant LCU per US$ of GDP2002: 14.9 constant LCU per US$ of GDP2003: 11.5 constant LCU per US$ of GDP2004: 11.9 constant LCU per US$ of GDP2005: 9.8 constant LCU per US$ of GDP2006: 9.8 constant LCU per US$ of GDP2007: 9.1 constant LCU per US$ of GDP2008: 9.4 constant LCU per US$ of GDP2009: 9.8 constant LCU per US$ of GDP2010: 9.4 constant LCU per US$ of GDP2011: 10 constant LCU per US$ of GDP2012: 11.8 constant LCU per US$ of GDP2013: 10.7 constant LCU per US$ of GDP2014: 11.3 constant LCU per US$ of GDP2015: 13.8 constant LCU per US$ of GDP2016: 14.6 constant LCU per US$ of GDP2017: 13.5 constant LCU per US$ of GDP2018: 12.3 constant LCU per US$ of GDP2019: 13.5 constant LCU per US$ of GDP2020: 11.7 constant LCU per US$ of GDP2021: 10.6 constant LCU per US$ of GDP2022: 11.9 constant LCU per US$ of GDP2023: 8.8 constant LCU per US$ of GDP2024: 9.1 constant LCU per US$ of GDP2025: 8.7 constant LCU per US$ of GDP

Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.

Analysis

In 2025, gross capital formation (constant lcu), per unit of gdp in North Macedonia stood at 8.71 constant LCU per US$ of GDP.

That represents a change of down 4.2% on the previous year and down 36.9% over ten years.

Over the whole period, gross capital formation (constant lcu), per unit of gdp in North Macedonia peaked at 14.9 constant LCU per US$ of GDP in 2002 and was at its lowest, 6.78 constant LCU per US$ of GDP, in 1995.

That places North Macedonia 62nd out of 170 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently rising across the 36 years of available data.

Gross capital formation (constant LCU), per unit of GDP in North Macedonia, year by year

Annual values for Gross capital formation (constant LCU), per unit of GDP in North Macedonia, 1990 to 2025.
Year constant LCU per US$ of GDP Change
1990 9.62 constant LCU per US$ of GDP
1991 7.77 constant LCU per US$ of GDP -19.2%
1992 12.48 constant LCU per US$ of GDP +60.6%
1993 12.33 constant LCU per US$ of GDP -1.2%
1994 8.91 constant LCU per US$ of GDP -27.7%
1995 6.78 constant LCU per US$ of GDP -23.9%
1996 7.23 constant LCU per US$ of GDP +6.5%
1997 10.06 constant LCU per US$ of GDP +39.3%
1998 10.7 constant LCU per US$ of GDP +6.3%
1999 9.3 constant LCU per US$ of GDP -13.1%
2000 14.32 constant LCU per US$ of GDP +54.0%
2001 13.67 constant LCU per US$ of GDP -4.5%
2002 14.9 constant LCU per US$ of GDP +8.9%
2003 11.49 constant LCU per US$ of GDP -22.9%
2004 11.87 constant LCU per US$ of GDP +3.3%
2005 9.78 constant LCU per US$ of GDP -17.6%
2006 9.77 constant LCU per US$ of GDP -0.1%
2007 9.1 constant LCU per US$ of GDP -6.8%
2008 9.37 constant LCU per US$ of GDP +2.9%
2009 9.82 constant LCU per US$ of GDP +4.8%
2010 9.44 constant LCU per US$ of GDP -3.9%
2011 9.97 constant LCU per US$ of GDP +5.7%
2012 11.84 constant LCU per US$ of GDP +18.7%
2013 10.71 constant LCU per US$ of GDP -9.5%
2014 11.29 constant LCU per US$ of GDP +5.4%
2015 13.8 constant LCU per US$ of GDP +22.2%
2016 14.64 constant LCU per US$ of GDP +6.1%
2017 13.52 constant LCU per US$ of GDP -7.7%
2018 12.25 constant LCU per US$ of GDP -9.4%
2019 13.5 constant LCU per US$ of GDP +10.2%
2020 11.69 constant LCU per US$ of GDP -13.4%
2021 10.62 constant LCU per US$ of GDP -9.1%
2022 11.94 constant LCU per US$ of GDP +12.4%
2023 8.83 constant LCU per US$ of GDP -26.1%
2024 9.09 constant LCU per US$ of GDP +3.0%
2025 8.71 constant LCU per US$ of GDP -4.2%

North Macedonia compared with similar countries

  • North Macedonia's 8.71 constant LCU per US$ of GDP is above the median for upper middle income countries, which is 3.07 constant LCU per US$ of GDP, 2.8× the median. (47 countries reporting)
  • North Macedonia's 8.71 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.1754 constant LCU per US$ of GDP, 49.7× the median. (49 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 9.52 constant LCU per US$ of GDP 6.78 constant LCU per US$ of GDP 12.48 constant LCU per US$ of GDP 10
2000s 11.41 constant LCU per US$ of GDP 9.1 constant LCU per US$ of GDP 14.9 constant LCU per US$ of GDP 10
2010s 12.1 constant LCU per US$ of GDP 9.44 constant LCU per US$ of GDP 14.64 constant LCU per US$ of GDP 10
2020s 10.15 constant LCU per US$ of GDP 8.71 constant LCU per US$ of GDP 11.94 constant LCU per US$ of GDP 6

Countries ranked near North Macedonia

  1. 59 Dominican Republic 10.94 constant LCU per US$ of GDP compare
  2. 60 Afghanistan 10.74 constant LCU per US$ of GDP compare
  3. 61 Philippines 10.65 constant LCU per US$ of GDP compare
  4. 63 Ethiopia 6.91 constant LCU per US$ of GDP compare
  5. 64 Mauritius 6.17 constant LCU per US$ of GDP compare
  6. 65 Lebanon 4.74 constant LCU per US$ of GDP compare

See the full ranking of 170 places →

More economy & growth data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is gross capital formation (constant lcu), per unit of gdp in North Macedonia?
Gross capital formation (constant lcu), per unit of gdp in North Macedonia was 8.71 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest gross capital formation (constant lcu), per unit of gdp recorded in North Macedonia?
The highest recorded value was 14.9 constant LCU per US$ of GDP in 2002.
What is the lowest gross capital formation (constant lcu), per unit of gdp recorded in North Macedonia?
The lowest recorded value was 6.78 constant LCU per US$ of GDP in 1995.
How does North Macedonia rank for gross capital formation (constant lcu), per unit of gdp?
North Macedonia ranks 62nd out of 170 countries with data for 2025.
Is gross capital formation (constant lcu), per unit of gdp rising or falling in North Macedonia?
Over the last ten years it is down 36.9%. The long-run trend across the full record is rising.
Where does this North Macedonia data come from?
The figures come from Statizoid (derived), published as part of Gross capital formation (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.

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Gross capital formation (constant LCU), per unit of GDP in North Macedonia. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://economy.statizoid.com/stat/gross-capital-formation-constant-lcu-per-unit-of-gdp/north-macedonia/

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How this figure is calculated

Gross capital formation (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Gross capital formation (constant LCU) ÷ GDP (current US$)

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Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Gross capital formation (constant LCU), per unit of GDP
Unit
constant LCU per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 7,061 data points, 1960–2025
Last refreshed

Gross capital formation (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.