Gross fixed capital formation in North Macedonia
North Macedonia: Gross fixed capital formation was 3.03 billion constant 2015 US$ in 2024. ▲ Rising
Gross fixed capital formation in North Macedonia, 1990–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in North Macedonia is 3.03 billion constant 2015 US$, measured in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 39.5% over ten years.
Over the whole period, gross fixed capital formation in North Macedonia peaked at 3.03 billion constant 2015 US$ in 2024 and was at its lowest, 831.92 million constant 2015 US$, in 1999.
That places North Macedonia 124th out of 161 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross fixed capital formation in North Macedonia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1990 | 1.59 billion constant 2015 US$ | — |
| 1991 | 1.52 billion constant 2015 US$ | -4.2% |
| 1992 | 1.27 billion constant 2015 US$ | -16.6% |
| 1993 | 1.17 billion constant 2015 US$ | -7.9% |
| 1994 | 1.07 billion constant 2015 US$ | -8.6% |
| 1995 | 850.01 million constant 2015 US$ | -20.5% |
| 1996 | 905.42 million constant 2015 US$ | +6.5% |
| 1997 | 866.50 million constant 2015 US$ | -4.3% |
| 1998 | 844.13 million constant 2015 US$ | -2.6% |
| 1999 | 831.92 million constant 2015 US$ | -1.4% |
| 2000 | 1.14 billion constant 2015 US$ | +36.5% |
| 2001 | 1.25 billion constant 2015 US$ | +9.7% |
| 2002 | 1.25 billion constant 2015 US$ | -0.1% |
| 2003 | 1.19 billion constant 2015 US$ | -4.5% |
| 2004 | 1.28 billion constant 2015 US$ | +7.9% |
| 2005 | 1.15 billion constant 2015 US$ | -10.3% |
| 2006 | 1.23 billion constant 2015 US$ | +6.7% |
| 2007 | 1.44 billion constant 2015 US$ | +17.5% |
| 2008 | 1.70 billion constant 2015 US$ | +17.8% |
| 2009 | 1.74 billion constant 2015 US$ | +2.7% |
| 2010 | 1.67 billion constant 2015 US$ | -4.0% |
| 2011 | 1.90 billion constant 2015 US$ | +13.3% |
| 2012 | 2.02 billion constant 2015 US$ | +6.5% |
| 2013 | 2.09 billion constant 2015 US$ | +3.5% |
| 2014 | 2.17 billion constant 2015 US$ | +4.0% |
| 2015 | 2.40 billion constant 2015 US$ | +10.5% |
| 2016 | 2.64 billion constant 2015 US$ | +9.9% |
| 2017 | 2.49 billion constant 2015 US$ | -5.7% |
| 2018 | 2.33 billion constant 2015 US$ | -6.4% |
| 2019 | 2.53 billion constant 2015 US$ | +8.7% |
| 2020 | 2.54 billion constant 2015 US$ | +0.4% |
| 2021 | 2.64 billion constant 2015 US$ | +3.8% |
| 2022 | 2.73 billion constant 2015 US$ | +3.7% |
| 2023 | 2.89 billion constant 2015 US$ | +5.6% |
| 2024 | 3.03 billion constant 2015 US$ | +5.0% |
North Macedonia compared with similar countries
- North Macedonia's 3.03 billion constant 2015 US$ is below the median for upper middle income countries, which is 11.14 billion constant 2015 US$, 27% of the median. (45 countries reporting)
- North Macedonia's 3.03 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 27.92 billion constant 2015 US$, 11% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.09 billion constant 2015 US$ | 831.92 million constant 2015 US$ | 1.59 billion constant 2015 US$ | 10 |
| 2000s | 1.34 billion constant 2015 US$ | 1.14 billion constant 2015 US$ | 1.74 billion constant 2015 US$ | 10 |
| 2010s | 2.22 billion constant 2015 US$ | 1.67 billion constant 2015 US$ | 2.64 billion constant 2015 US$ | 10 |
| 2020s | 2.77 billion constant 2015 US$ | 2.54 billion constant 2015 US$ | 3.03 billion constant 2015 US$ | 5 |
Countries ranked near North Macedonia
- 121 Togo 3.34 billion constant 2015 US$ compare
- 122 Chad 3.33 billion constant 2015 US$ compare
- 123 Moldova 3.26 billion constant 2015 US$ compare
- 125 Mauritania 2.95 billion constant 2015 US$ compare
- 126 Namibia 2.93 billion constant 2015 US$ compare
- 127 Somalia 2.81 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)
- 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$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in North Macedonia?
- Gross fixed capital formation in North Macedonia was 3.03 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in North Macedonia?
- The highest recorded value was 3.03 billion constant 2015 US$ in 2024.
- What is the lowest gross fixed capital formation recorded in North Macedonia?
- The lowest recorded value was 831.92 million constant 2015 US$ in 1999.
- How does North Macedonia rank for gross fixed capital formation?
- North Macedonia ranks 124th out of 161 countries with data for 2024.
- Is gross fixed capital formation rising or falling in North Macedonia?
- Over the last ten years it is up 39.5%. 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 fixed capital formation (constant 2015 US$). 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 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.