Gross fixed capital formation (current US$) in North Macedonia
North Macedonia: Gross fixed capital formation (current US$) was 3.98 billion current US$ in 2024. ◆ Volatile
Gross fixed capital formation in North Macedonia, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross fixed capital formation in North Macedonia stood at 3.98 billion current US$. That is the highest value across all 35 years on record.
The figure is up 1.8% on the previous year and up 49.7% over ten years.
Over the whole period, gross fixed capital formation in North Macedonia peaked at 3.98 billion current US$ in 2024 and was at its lowest, 425.78 million current US$, in 1993.
That places North Macedonia 131st out of 181 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in North Macedonia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 804.77 million current US$ | — |
| 1991 | 912.75 million current US$ | +13.4% |
| 1992 | 448.97 million current US$ | -50.8% |
| 1993 | 425.78 million current US$ | -5.2% |
| 1994 | 519.17 million current US$ | +21.9% |
| 1995 | 739.86 million current US$ | +42.5% |
| 1996 | 766.72 million current US$ | +3.6% |
| 1997 | 644.67 million current US$ | -15.9% |
| 1998 | 623.96 million current US$ | -3.2% |
| 1999 | 610.00 million current US$ | -2.2% |
| 2000 | 765.77 million current US$ | +25.5% |
| 2001 | 815.91 million current US$ | +6.5% |
| 2002 | 855.87 million current US$ | +4.9% |
| 2003 | 992.91 million current US$ | +16.0% |
| 2004 | 1.21 billion current US$ | +21.5% |
| 2005 | 1.19 billion current US$ | -1.2% |
| 2006 | 1.38 billion current US$ | +15.7% |
| 2007 | 1.89 billion current US$ | +37.3% |
| 2008 | 2.55 billion current US$ | +34.9% |
| 2009 | 2.31 billion current US$ | -9.6% |
| 2010 | 2.17 billion current US$ | -6.0% |
| 2011 | 2.47 billion current US$ | +13.8% |
| 2012 | 2.28 billion current US$ | -7.8% |
| 2013 | 2.56 billion current US$ | +12.6% |
| 2014 | 2.66 billion current US$ | +3.7% |
| 2015 | 2.40 billion current US$ | -9.8% |
| 2016 | 2.60 billion current US$ | +8.5% |
| 2017 | 2.54 billion current US$ | -2.3% |
| 2018 | 2.54 billion current US$ | -0.1% |
| 2019 | 2.65 billion current US$ | +4.4% |
| 2020 | 2.67 billion current US$ | +0.6% |
| 2021 | 3.28 billion current US$ | +23.0% |
| 2022 | 3.35 billion current US$ | +1.9% |
| 2023 | 3.91 billion current US$ | +16.8% |
| 2024 | 3.98 billion current US$ | +1.8% |
North Macedonia compared with similar countries
- North Macedonia's 3.98 billion current US$ is below the median for upper middle income countries, which is 10.71 billion current US$, 37% of the median. (51 countries reporting)
- North Macedonia's 3.98 billion current US$ is below the median for Europe & Central Asia, which is 31.73 billion current US$, 13% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 649.67 million current US$ | 425.78 million current US$ | 912.75 million current US$ | 10 |
| 2000s | 1.40 billion current US$ | 765.77 million current US$ | 2.55 billion current US$ | 10 |
| 2010s | 2.49 billion current US$ | 2.17 billion current US$ | 2.66 billion current US$ | 10 |
| 2020s | 3.44 billion current US$ | 2.67 billion current US$ | 3.98 billion current US$ | 5 |
Countries ranked near North Macedonia
- 128 Palestine 4.11 billion current US$ compare
- 129 Bahamas 4.08 billion current US$ compare
- 130 Brunei 4.05 billion current US$ compare
- 132 Haiti 3.87 billion current US$ compare
- 133 Somalia 3.65 billion current US$ compare
- 134 Kosovo 3.55 billion current US$ compare
- 134 Kosovo (UNSCR 1244) 3.55 billion current 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)
- 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 3.98 billion current US$ 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 3.98 billion current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in North Macedonia?
- The lowest recorded value was 425.78 million current US$ in 1993.
- How does North Macedonia rank for gross fixed capital formation?
- North Macedonia ranks 131st 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 49.7%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.