Gross fixed capital formation, private sector in North Macedonia
North Macedonia: Gross fixed capital formation, private sector was 19.1% in 2024. ▲ Rising
Gross fixed capital formation, private sector in North Macedonia, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation, private sector in North Macedonia is 19.1%, measured in 2024.
That represents a change of up 1.9% on the previous year and up 12.1% over ten years.
Over the whole period, gross fixed capital formation, private sector in North Macedonia peaked at 20.6% in 2008 and was at its lowest, 15.0%, in 2005.
North Macedonia ranks 41st of 106 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross fixed capital formation, private sector in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 15.2% | — |
| 2001 | 15.8% | +3.6% |
| 2002 | 16.0% | +1.5% |
| 2003 | 16.1% | +0.7% |
| 2004 | 16.8% | +4.4% |
| 2005 | 15.0% | -11.0% |
| 2006 | 15.4% | +2.8% |
| 2007 | 18.8% | +21.8% |
| 2008 | 20.6% | +9.8% |
| 2009 | 19.2% | -6.7% |
| 2010 | 16.4% | -14.5% |
| 2011 | 17.4% | +5.5% |
| 2012 | 16.9% | -2.6% |
| 2013 | 17.5% | +3.7% |
| 2014 | 17.1% | -2.8% |
| 2015 | 17.9% | +5.1% |
| 2016 | 18.1% | +1.2% |
| 2017 | 17.6% | -2.9% |
| 2018 | 16.2% | -8.1% |
| 2019 | 16.0% | -1.2% |
| 2020 | 16.8% | +5.4% |
| 2021 | 17.8% | +5.7% |
| 2022 | 18.9% | +6.4% |
| 2023 | 18.7% | -0.9% |
| 2024 | 19.1% | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.9% | 15.0% | 20.6% | 10 |
| 2010s | 17.1% | 16.0% | 18.1% | 10 |
| 2020s | 18.3% | 16.8% | 19.1% | 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)
- Final consumption expenditure (constant 2015 US$), per capita 6,080 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.46 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.14 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 11,932 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.02 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 62.16 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 652,070 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.99 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation, private sector in North Macedonia?
- Gross fixed capital formation, private sector in North Macedonia was 19.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation, private sector recorded in North Macedonia?
- The highest recorded value was 20.6% in 2008.
- What is the lowest gross fixed capital formation, private sector recorded in North Macedonia?
- The lowest recorded value was 15.0% in 2005.
- How does North Macedonia rank for gross fixed capital formation, private sector?
- North Macedonia ranks 41st out of 106 countries with data for 2024.
- Is gross fixed capital formation, private sector rising or falling in North Macedonia?
- Over the last ten years it is up 12.1%. 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, private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. 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.