Gross fixed capital formation in North Macedonia
North Macedonia: Gross fixed capital formation was 5.0% in 2024. ◆ Volatile
Gross fixed capital formation in North Macedonia, 1991–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
North Macedonia recorded 5.0% for gross fixed capital formation in 2024.
Compared with earlier readings it is down 12.0% on the previous year and up 24.0% over ten years.
Over the whole period, gross fixed capital formation in North Macedonia peaked at 36.5% in 2000 and was at its lowest, -20.5%, in 1995.
North Macedonia ranks 81st of 166 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 fixed capital formation in North Macedonia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1991 | -4.2% | — |
| 1992 | -16.6% | +294.7% |
| 1993 | -7.9% | -52.2% |
| 1994 | -8.6% | +8.3% |
| 1995 | -20.5% | +138.9% |
| 1996 | 6.5% | -131.8% |
| 1997 | -4.3% | -166.0% |
| 1998 | -2.6% | -40.0% |
| 1999 | -1.4% | -44.0% |
| 2000 | 36.5% | -2626.3% |
| 2001 | 9.7% | -73.4% |
| 2002 | -0.1% | -101.0% |
| 2003 | -4.5% | +4348.2% |
| 2004 | 7.9% | -275.8% |
| 2005 | -10.3% | -230.8% |
| 2006 | 6.7% | -164.9% |
| 2007 | 17.5% | +161.4% |
| 2008 | 17.8% | +1.8% |
| 2009 | 2.7% | -84.9% |
| 2010 | -4.0% | -250.0% |
| 2011 | 13.3% | -430.1% |
| 2012 | 6.5% | -51.5% |
| 2013 | 3.5% | -46.3% |
| 2014 | 4.0% | +15.7% |
| 2015 | 10.5% | +161.4% |
| 2016 | 9.9% | -5.7% |
| 2017 | -5.7% | -157.3% |
| 2018 | -6.4% | +13.2% |
| 2019 | 8.7% | -235.8% |
| 2020 | 0.4% | -95.4% |
| 2021 | 3.8% | +844.0% |
| 2022 | 3.7% | -1.8% |
| 2023 | 5.6% | +52.6% |
| 2024 | 5.0% | -12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -6.6% | -20.5% | 6.5% | 9 |
| 2000s | 8.4% | -10.3% | 36.5% | 10 |
| 2010s | 4.0% | -6.4% | 13.3% | 10 |
| 2020s | 3.7% | 0.4% | 5.6% | 5 |
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)
- Services, value added (current US$), annual growth rate 14.09 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5695 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 5,974 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.63 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 31.12 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 326,483 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.82 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3898 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in North Macedonia?
- Gross fixed capital formation in North Macedonia was 5.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in North Macedonia?
- The highest recorded value was 36.5% in 2000.
- What is the lowest gross fixed capital formation recorded in North Macedonia?
- The lowest recorded value was -20.5% in 1995.
- How does North Macedonia rank for gross fixed capital formation?
- North Macedonia ranks 81st out of 166 countries with data for 2024.
- Is gross fixed capital formation rising or falling in North Macedonia?
- Over the last ten years it is up 24.0%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.