Gross fixed capital formation (current LCU) in North Macedonia
North Macedonia: Gross fixed capital formation (current LCU) was 226.48 billion current LCU in 2024. ◆ Volatile
Gross fixed capital formation in North Macedonia, 1990–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross fixed capital formation in North Macedonia stood at 226.48 billion current LCU. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 83.3% over ten years.
Over the whole period, gross fixed capital formation in North Macedonia peaked at 226.48 billion current LCU in 2024 and was at its lowest, 91.10 million current LCU, in 1990.
That places North Macedonia 94th out of 181 countries with data for 2024, putting it 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 (current LCU) in North Macedonia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 91.10 million current LCU | — |
| 1991 | 178.90 million current LCU | +96.4% |
| 1992 | 2.29 billion current LCU | +1177.6% |
| 1993 | 9.88 billion current LCU | +332.2% |
| 1994 | 22.46 billion current LCU | +127.4% |
| 1995 | 28.03 billion current LCU | +24.8% |
| 1996 | 30.65 billion current LCU | +9.4% |
| 1997 | 32.24 billion current LCU | +5.2% |
| 1998 | 33.98 billion current LCU | +5.4% |
| 1999 | 34.71 billion current LCU | +2.1% |
| 2000 | 50.47 billion current LCU | +45.4% |
| 2001 | 55.51 billion current LCU | +10.0% |
| 2002 | 55.08 billion current LCU | -0.8% |
| 2003 | 53.94 billion current LCU | -2.1% |
| 2004 | 59.60 billion current LCU | +10.5% |
| 2005 | 58.72 billion current LCU | -1.5% |
| 2006 | 67.25 billion current LCU | +14.5% |
| 2007 | 84.63 billion current LCU | +25.8% |
| 2008 | 106.87 billion current LCU | +26.3% |
| 2009 | 101.82 billion current LCU | -4.7% |
| 2010 | 100.85 billion current LCU | -1.0% |
| 2011 | 109.22 billion current LCU | +8.3% |
| 2012 | 109.07 billion current LCU | -0.1% |
| 2013 | 119.00 billion current LCU | +9.1% |
| 2014 | 123.55 billion current LCU | +3.8% |
| 2015 | 133.25 billion current LCU | +7.9% |
| 2016 | 145.04 billion current LCU | +8.8% |
| 2017 | 139.02 billion current LCU | -4.2% |
| 2018 | 132.39 billion current LCU | -4.8% |
| 2019 | 145.76 billion current LCU | +10.1% |
| 2020 | 144.51 billion current LCU | -0.9% |
| 2021 | 171.09 billion current LCU | +18.4% |
| 2022 | 196.03 billion current LCU | +14.6% |
| 2023 | 222.68 billion current LCU | +13.6% |
| 2024 | 226.48 billion current LCU | +1.7% |
North Macedonia compared with similar countries
- North Macedonia's 226.48 billion current LCU is below the median for upper middle income countries, which is 431.60 billion current LCU, 52% of the median. (51 countries reporting)
- North Macedonia's 226.48 billion current LCU is above the median for Europe & Central Asia, which is 153.41 billion current LCU, 1.5× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current LCU) in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +1177.6% | 178.90 million current LCU | 2.29 billion current LCU |
| 1993 | +332.2% | 2.29 billion current LCU | 9.88 billion current LCU |
| 1994 | +127.4% | 9.88 billion current LCU | 22.46 billion current LCU |
| 1991 | +96.4% | 91.10 million current LCU | 178.90 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.45 billion current LCU | 91.10 million current LCU | 34.71 billion current LCU | 10 |
| 2000s | 69.39 billion current LCU | 50.47 billion current LCU | 106.87 billion current LCU | 10 |
| 2010s | 125.71 billion current LCU | 100.85 billion current LCU | 145.76 billion current LCU | 10 |
| 2020s | 192.16 billion current LCU | 144.51 billion current LCU | 226.48 billion current LCU | 5 |
Countries ranked near North Macedonia
- 91 Peru 245.04 billion current LCU compare
- 92 Honduras 239.81 billion current LCU compare
- 93 Netherlands 233.50 billion current LCU compare
- 95 Switzerland 225.53 billion current LCU compare
- 96 Afghanistan 214.96 billion current LCU compare
- 97 Djibouti 209.27 billion current LCU 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)
- SDRs holdings, US dollar, annual growth rate -77.1 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.1524 units per person (2025)
- SDRs holdings, SDR, annual growth rate -78.2 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.1113 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -4.71 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0246 units 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 226.48 billion current 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 226.48 billion current LCU in 2024.
- What is the lowest gross fixed capital formation recorded in North Macedonia?
- The lowest recorded value was 91.10 million current LCU in 1990.
- How does North Macedonia rank for gross fixed capital formation?
- North Macedonia ranks 94th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in North Macedonia?
- Over the last ten years it is up 83.3%. 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 fixed capital formation (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.