Gross capital formation in North Macedonia
North Macedonia: Gross capital formation was 31.7% in 2025. ▲ Rising
Gross capital formation in North Macedonia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross capital formation in North Macedonia is 31.7%, measured in 2025.
That represents a change of up 3.7% on the previous year and up 4.3% over ten years.
Over the whole period, gross capital formation in North Macedonia peaked at 36.0% in 2022 and was at its lowest, 14.7%, in 1994.
That places North Macedonia 24th out of 187 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Gross capital formation in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 17.8% | — |
| 1991 | 16.8% | -5.4% |
| 1992 | 14.7% | -12.4% |
| 1993 | 15.2% | +3.3% |
| 1994 | 14.7% | -3.3% |
| 1995 | 19.7% | +34.2% |
| 1996 | 19.1% | -3.2% |
| 1997 | 19.9% | +4.4% |
| 1998 | 21.2% | +6.1% |
| 1999 | 18.7% | -11.5% |
| 2000 | 21.9% | +16.8% |
| 2001 | 17.4% | -20.7% |
| 2002 | 20.8% | +20.0% |
| 2003 | 17.9% | -13.9% |
| 2004 | 21.0% | +17.4% |
| 2005 | 19.8% | -5.7% |
| 2006 | 21.4% | +7.9% |
| 2007 | 23.7% | +10.8% |
| 2008 | 27.9% | +17.8% |
| 2009 | 25.7% | -7.8% |
| 2010 | 24.5% | -5.0% |
| 2011 | 26.9% | +10.0% |
| 2012 | 28.9% | +7.5% |
| 2013 | 28.8% | -0.4% |
| 2014 | 30.3% | +5.2% |
| 2015 | 30.4% | +0.4% |
| 2016 | 32.5% | +6.9% |
| 2017 | 32.3% | -0.7% |
| 2018 | 32.3% | +0.2% |
| 2019 | 34.3% | +6.0% |
| 2020 | 29.9% | -12.7% |
| 2021 | 32.2% | +7.7% |
| 2022 | 36.0% | +11.8% |
| 2023 | 29.6% | -17.7% |
| 2024 | 30.6% | +3.3% |
| 2025 | 31.7% | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.8% | 14.7% | 21.2% | 10 |
| 2000s | 21.8% | 17.4% | 27.9% | 10 |
| 2010s | 30.1% | 24.5% | 34.3% | 10 |
| 2020s | 31.7% | 29.6% | 36.0% | 6 |
Countries ranked near North Macedonia
- 21 Tajikistan 32.4% compare
- 22 Guyana 32.3% compare
- 23 Morocco 31.9% compare
- 25 Türkiye 31.7% compare
- 26 Congo, Democratic Republic of the 31.7% compare
- 27 Saudi Arabia 31.6% 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)
- Final consumption expenditure (constant 2015 US$), per capita 6,080 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.46 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.14 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 11,932 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.02 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 62.16 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 652,070 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.99 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in North Macedonia?
- Gross capital formation in North Macedonia was 31.7% 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 36.0% in 2022.
- What is the lowest gross capital formation recorded in North Macedonia?
- The lowest recorded value was 14.7% in 1994.
- How does North Macedonia rank for gross capital formation?
- North Macedonia ranks 24th 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 4.3%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.