Gross fixed capital formation in North Macedonia
North Macedonia: Gross fixed capital formation was 154.64 billion constant LCU 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 LCU.
Analysis
In 2024, gross fixed capital formation in North Macedonia stood at 154.64 billion constant LCU. 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 154.64 billion constant LCU in 2024 and was at its lowest, 42.45 billion constant LCU, in 1999.
North Macedonia ranks 87th of 168 countries on this measure, in the middle of the range.
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 LCU | Change |
|---|---|---|
| 1990 | 81.11 billion constant LCU | — |
| 1991 | 77.70 billion constant LCU | -4.2% |
| 1992 | 64.82 billion constant LCU | -16.6% |
| 1993 | 59.68 billion constant LCU | -7.9% |
| 1994 | 54.56 billion constant LCU | -8.6% |
| 1995 | 43.37 billion constant LCU | -20.5% |
| 1996 | 46.20 billion constant LCU | +6.5% |
| 1997 | 44.21 billion constant LCU | -4.3% |
| 1998 | 43.07 billion constant LCU | -2.6% |
| 1999 | 42.45 billion constant LCU | -1.4% |
| 2000 | 57.96 billion constant LCU | +36.5% |
| 2001 | 63.59 billion constant LCU | +9.7% |
| 2002 | 63.53 billion constant LCU | -0.1% |
| 2003 | 60.68 billion constant LCU | -4.5% |
| 2004 | 65.46 billion constant LCU | +7.9% |
| 2005 | 58.72 billion constant LCU | -10.3% |
| 2006 | 62.64 billion constant LCU | +6.7% |
| 2007 | 73.58 billion constant LCU | +17.5% |
| 2008 | 86.65 billion constant LCU | +17.8% |
| 2009 | 88.98 billion constant LCU | +2.7% |
| 2010 | 85.39 billion constant LCU | -4.0% |
| 2011 | 96.74 billion constant LCU | +13.3% |
| 2012 | 102.98 billion constant LCU | +6.5% |
| 2013 | 106.55 billion constant LCU | +3.5% |
| 2014 | 110.82 billion constant LCU | +4.0% |
| 2015 | 122.42 billion constant LCU | +10.5% |
| 2016 | 134.50 billion constant LCU | +9.9% |
| 2017 | 126.89 billion constant LCU | -5.7% |
| 2018 | 118.77 billion constant LCU | -6.4% |
| 2019 | 129.09 billion constant LCU | +8.7% |
| 2020 | 129.60 billion constant LCU | +0.4% |
| 2021 | 134.49 billion constant LCU | +3.8% |
| 2022 | 139.46 billion constant LCU | +3.7% |
| 2023 | 147.32 billion constant LCU | +5.6% |
| 2024 | 154.64 billion constant LCU | +5.0% |
North Macedonia compared with similar countries
- North Macedonia's 154.64 billion constant LCU is below the median for upper middle income countries, which is 349.48 billion constant LCU, 44% of the median. (46 countries reporting)
- North Macedonia's 154.64 billion constant LCU is above the median for Europe & Central Asia, which is 140.09 billion constant LCU, 1.1× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.72 billion constant LCU | 42.45 billion constant LCU | 81.11 billion constant LCU | 10 |
| 2000s | 68.18 billion constant LCU | 57.96 billion constant LCU | 88.98 billion constant LCU | 10 |
| 2010s | 113.42 billion constant LCU | 85.39 billion constant LCU | 134.50 billion constant LCU | 10 |
| 2020s | 141.10 billion constant LCU | 129.60 billion constant LCU | 154.64 billion constant LCU | 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)
- 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 154.64 billion constant LCU 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 154.64 billion constant LCU in 2024.
- What is the lowest gross fixed capital formation recorded in North Macedonia?
- The lowest recorded value was 42.45 billion constant LCU in 1999.
- How does North Macedonia rank for gross fixed capital formation?
- North Macedonia ranks 87th out of 168 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 LCU). 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 varies by country. This series is expressed in local currency units.