Gross fixed capital formation in North Macedonia
North Macedonia: Gross fixed capital formation was 23.5% 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 % of GDP.
Analysis
North Macedonia recorded 23.5% for gross fixed capital formation in 2024.
That represents a change of down 4.7% on the previous year and up 0.3% over ten years.
Over the whole period, gross fixed capital formation in North Macedonia peaked at 25.8% in 2008 and was at its lowest, 14.6%, in 1994.
That places North Macedonia 75th out of 181 countries with data for 2024, putting it 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 | % of GDP | Change |
|---|---|---|
| 1990 | 17.1% | — |
| 1991 | 18.5% | +7.9% |
| 1992 | 18.4% | -0.3% |
| 1993 | 15.9% | -13.8% |
| 1994 | 14.6% | -8.1% |
| 1995 | 15.7% | +7.8% |
| 1996 | 16.5% | +5.1% |
| 1997 | 16.5% | -0.3% |
| 1998 | 16.6% | +0.6% |
| 1999 | 15.8% | -4.7% |
| 2000 | 20.3% | +28.6% |
| 2001 | 22.0% | +8.4% |
| 2002 | 21.3% | -3.2% |
| 2003 | 20.1% | -5.8% |
| 2004 | 21.2% | +5.7% |
| 2005 | 19.0% | -10.3% |
| 2006 | 20.1% | +5.5% |
| 2007 | 22.7% | +13.0% |
| 2008 | 25.8% | +13.5% |
| 2009 | 24.6% | -4.7% |
| 2010 | 23.1% | -6.1% |
| 2011 | 23.5% | +2.0% |
| 2012 | 23.4% | -0.7% |
| 2013 | 23.7% | +1.5% |
| 2014 | 23.4% | -1.2% |
| 2015 | 23.8% | +1.8% |
| 2016 | 24.4% | +2.3% |
| 2017 | 22.5% | -7.8% |
| 2018 | 20.0% | -10.9% |
| 2019 | 21.0% | +5.0% |
| 2020 | 21.6% | +2.6% |
| 2021 | 23.5% | +8.6% |
| 2022 | 24.0% | +2.4% |
| 2023 | 24.7% | +2.7% |
| 2024 | 23.5% | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.6% | 14.6% | 18.5% | 10 |
| 2000s | 21.7% | 19.0% | 25.8% | 10 |
| 2010s | 22.9% | 20.0% | 24.4% | 10 |
| 2020s | 23.4% | 21.6% | 24.7% | 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)
- Gross capital formation (constant 2015 US$), annual growth rate 7.99 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1919 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 2,013 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 10.79 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.7339 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 7,699 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.46 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 40.11 current LCU 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 23.5% 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 25.8% in 2008.
- What is the lowest gross fixed capital formation recorded in North Macedonia?
- The lowest recorded value was 14.6% in 1994.
- How does North Macedonia rank for gross fixed capital formation?
- North Macedonia ranks 75th 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 0.3%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.