Gross capital formation in North Macedonia
North Macedonia: Gross capital formation was 6.06 billion current 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 current US$.
Analysis
The most recent figure for gross capital formation in North Macedonia is 6.06 billion current US$, measured in 2025. That is the highest value across all 36 years on record.
That represents a change of up 16.8% on the previous year and up 98.0% over ten years.
Over the whole period, gross capital formation in North Macedonia peaked at 6.06 billion current US$ in 2025 and was at its lowest, 358.73 million current US$, in 1992.
North Macedonia ranks 112th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in North Macedonia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 834.81 million current US$ | — |
| 1991 | 830.10 million current US$ | -0.6% |
| 1992 | 358.73 million current US$ | -56.8% |
| 1993 | 407.86 million current US$ | +13.7% |
| 1994 | 523.38 million current US$ | +28.3% |
| 1995 | 928.92 million current US$ | +77.5% |
| 1996 | 886.53 million current US$ | -4.6% |
| 1997 | 780.23 million current US$ | -12.0% |
| 1998 | 797.03 million current US$ | +2.2% |
| 1999 | 723.54 million current US$ | -9.2% |
| 2000 | 825.50 million current US$ | +14.1% |
| 2001 | 643.83 million current US$ | -22.0% |
| 2002 | 837.03 million current US$ | +30.0% |
| 2003 | 886.84 million current US$ | +5.9% |
| 2004 | 1.20 billion current US$ | +34.9% |
| 2005 | 1.24 billion current US$ | +3.9% |
| 2006 | 1.47 billion current US$ | +18.3% |
| 2007 | 1.98 billion current US$ | +34.6% |
| 2008 | 2.77 billion current US$ | +40.0% |
| 2009 | 2.42 billion current US$ | -12.6% |
| 2010 | 2.30 billion current US$ | -4.9% |
| 2011 | 2.82 billion current US$ | +22.7% |
| 2012 | 2.82 billion current US$ | -0.2% |
| 2013 | 3.12 billion current US$ | +10.5% |
| 2014 | 3.44 billion current US$ | +10.5% |
| 2015 | 3.06 billion current US$ | -11.1% |
| 2016 | 3.47 billion current US$ | +13.4% |
| 2017 | 3.65 billion current US$ | +5.2% |
| 2018 | 4.10 billion current US$ | +12.4% |
| 2019 | 4.32 billion current US$ | +5.3% |
| 2020 | 3.70 billion current US$ | -14.4% |
| 2021 | 4.51 billion current US$ | +22.0% |
| 2022 | 5.02 billion current US$ | +11.2% |
| 2023 | 4.70 billion current US$ | -6.4% |
| 2024 | 5.19 billion current US$ | +10.4% |
| 2025 | 6.06 billion current US$ | +16.8% |
North Macedonia compared with similar countries
- North Macedonia's 6.06 billion current US$ is below the median for upper middle income countries, which is 11.53 billion current US$, 53% of the median. (52 countries reporting)
- North Macedonia's 6.06 billion current US$ is below the median for Europe & Central Asia, which is 29.72 billion current US$, 20% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 707.11 million current US$ | 358.73 million current US$ | 928.92 million current US$ | 10 |
| 2000s | 1.43 billion current US$ | 643.83 million current US$ | 2.77 billion current US$ | 10 |
| 2010s | 3.31 billion current US$ | 2.30 billion current US$ | 4.32 billion current US$ | 10 |
| 2020s | 4.86 billion current US$ | 3.70 billion current US$ | 6.06 billion current US$ | 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)
- 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$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in North Macedonia?
- Gross capital formation in North Macedonia was 6.06 billion current US$ 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 6.06 billion current US$ in 2025.
- What is the lowest gross capital formation recorded in North Macedonia?
- The lowest recorded value was 358.73 million current US$ in 1992.
- How does North Macedonia rank for gross capital formation?
- North Macedonia ranks 112th out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in North Macedonia?
- Over the last ten years it is up 98.0%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.