Gross fixed capital formation (current US$), annual growth rate in North Macedonia
North Macedonia: Gross fixed capital formation (current US$), annual growth rate was 1.84 % change on previous year in 2024. ◆ Volatile
Gross fixed capital formation (current US$), annual growth rate in North Macedonia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation (current us$), annual growth rate in North Macedonia stood at 1.84 % change on previous year.
That represents a change of down 89.1% on the previous year and down 50.6% over ten years.
Over the whole period, gross fixed capital formation (current us$), annual growth rate in North Macedonia peaked at 42.51 % change on previous year in 1995 and was at its lowest, -50.81 % change on previous year, in 1992.
That places North Macedonia 137th out of 179 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$), annual growth rate in North Macedonia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 13.42 % change on previous year | — |
| 1992 | -50.81 % change on previous year | -478.7% |
| 1993 | -5.16 % change on previous year | -89.8% |
| 1994 | 21.93 % change on previous year | -524.7% |
| 1995 | 42.51 % change on previous year | +93.8% |
| 1996 | 3.63 % change on previous year | -91.5% |
| 1997 | -15.92 % change on previous year | -538.3% |
| 1998 | -3.21 % change on previous year | -79.8% |
| 1999 | -2.24 % change on previous year | -30.4% |
| 2000 | 25.54 % change on previous year | -1241.3% |
| 2001 | 6.55 % change on previous year | -74.4% |
| 2002 | 4.9 % change on previous year | -25.2% |
| 2003 | 16.01 % change on previous year | +226.9% |
| 2004 | 21.5 % change on previous year | +34.2% |
| 2005 | -1.23 % change on previous year | -105.7% |
| 2006 | 15.65 % change on previous year | -1369.9% |
| 2007 | 37.3 % change on previous year | +138.3% |
| 2008 | 34.92 % change on previous year | -6.4% |
| 2009 | -9.55 % change on previous year | -127.4% |
| 2010 | -6.03 % change on previous year | -36.8% |
| 2011 | 13.82 % change on previous year | -329.0% |
| 2012 | -7.77 % change on previous year | -156.2% |
| 2013 | 12.62 % change on previous year | -262.5% |
| 2014 | 3.73 % change on previous year | -70.5% |
| 2015 | -9.82 % change on previous year | -363.5% |
| 2016 | 8.46 % change on previous year | -186.2% |
| 2017 | -2.28 % change on previous year | -127.0% |
| 2018 | -0.0944 % change on previous year | -95.9% |
| 2019 | 4.41 % change on previous year | -4770.7% |
| 2020 | 0.6122 % change on previous year | -86.1% |
| 2021 | 23.04 % change on previous year | +3663.5% |
| 2022 | 1.91 % change on previous year | -91.7% |
| 2023 | 16.84 % change on previous year | +780.6% |
| 2024 | 1.84 % change on previous year | -89.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4605 % change on previous year | -50.81 % change on previous year | 42.51 % change on previous year | 9 |
| 2000s | 15.16 % change on previous year | -9.55 % change on previous year | 37.3 % change on previous year | 10 |
| 2010s | 1.7 % change on previous year | -9.82 % change on previous year | 13.82 % change on previous year | 10 |
| 2020s | 8.85 % change on previous year | 0.6122 % change on previous year | 23.04 % change on previous year | 5 |
Countries ranked near North Macedonia
- 134 Canada 2.16 % change on previous year compare
- 135 Ghana 2.09 % change on previous year compare
- 136 Denmark 2.03 % change on previous year compare
- 138 Philippines 1.83 % change on previous year compare
- 139 Mauritius 1.8 % change on previous year compare
- 140 South Africa 1.78 % change on previous year 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)
- Exports of goods and services (current LCU), annual growth rate 4.71 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 32.6 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 341,954 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 6.12 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4149 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 4,353 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2349 current US$ per US$ of GDP (2024)
- Gross fixed capital formation (current US$), per capita 2,183 current US$ per person (2024)
Frequently asked questions
- What is gross fixed capital formation (current us$), annual growth rate in North Macedonia?
- Gross fixed capital formation (current us$), annual growth rate in North Macedonia was 1.84 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current us$), annual growth rate recorded in North Macedonia?
- The highest recorded value was 42.51 % change on previous year in 1995.
- What is the lowest gross fixed capital formation (current us$), annual growth rate recorded in North Macedonia?
- The lowest recorded value was -50.81 % change on previous year in 1992.
- How does North Macedonia rank for gross fixed capital formation (current us$), annual growth rate?
- North Macedonia ranks 137th out of 179 countries with data for 2024.
- Is gross fixed capital formation (current us$), annual growth rate rising or falling in North Macedonia?
- Over the last ten years it is down 50.6%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross fixed capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.