Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in North Macedonia
North Macedonia: Gross Fixed Capital Formation — Share of GDP US$, 2015 prices was 24.53 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in North Macedonia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross fixed capital formation — share of gdp us$, 2015 prices in North Macedonia stood at 24.53 %.
That represents a change of down 1.1% on the previous year and up 9.1% over ten years.
Over the whole period, gross fixed capital formation — share of gdp us$, 2015 prices in North Macedonia peaked at 28.71 % in 2017 and was at its lowest, 15.74 %, in 2005.
North Macedonia ranks 80th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 23.6 % | — |
| 1991 | 23.46 % | -0.6% |
| 1992 | 21.25 % | -9.4% |
| 1993 | 19.81 % | -6.8% |
| 1994 | 18.45 % | -6.9% |
| 1995 | 20.56 % | +11.4% |
| 1996 | 21.64 % | +5.3% |
| 1997 | 20.41 % | -5.7% |
| 1998 | 19.24 % | -5.8% |
| 1999 | 18.17 % | -5.5% |
| 2000 | 17.12 % | -5.8% |
| 2001 | 19.38 % | +13.2% |
| 2002 | 19.08 % | -1.6% |
| 2003 | 17.83 % | -6.6% |
| 2004 | 18.37 % | +3.1% |
| 2005 | 15.74 % | -14.3% |
| 2006 | 15.97 % | +1.5% |
| 2007 | 17.61 % | +10.3% |
| 2008 | 19.67 % | +11.7% |
| 2009 | 20.27 % | +3.1% |
| 2010 | 18.82 % | -7.1% |
| 2011 | 20.83 % | +10.7% |
| 2012 | 22.28 % | +6.9% |
| 2013 | 22.39 % | +0.5% |
| 2014 | 22.48 % | +0.4% |
| 2015 | 23.91 % | +6.4% |
| 2016 | 25.54 % | +6.8% |
| 2017 | 28.71 % | +12.4% |
| 2018 | 21.69 % | -24.5% |
| 2019 | 22.68 % | +4.6% |
| 2020 | 23.89 % | +5.3% |
| 2021 | 23.72 % | -0.7% |
| 2022 | 23.94 % | +0.9% |
| 2023 | 24.8 % | +3.6% |
| 2024 | 24.53 % | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.66 % | 18.17 % | 23.6 % | 10 |
| 2000s | 18.1 % | 15.74 % | 20.27 % | 10 |
| 2010s | 22.93 % | 18.82 % | 28.71 % | 10 |
| 2020s | 24.18 % | 23.72 % | 24.8 % | 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 (current US$), annual growth rate 16.83 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.3172 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,328 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.26 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 17.34 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 181,859 current LCU per person (2025)
- 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)
Frequently asked questions
- What is gross fixed capital formation — share of gdp us$, 2015 prices in North Macedonia?
- Gross fixed capital formation — share of gdp us$, 2015 prices in North Macedonia was 24.53 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp us$, 2015 prices recorded in North Macedonia?
- The highest recorded value was 28.71 % in 2017.
- What is the lowest gross fixed capital formation — share of gdp us$, 2015 prices recorded in North Macedonia?
- The lowest recorded value was 15.74 % in 2005.
- How does North Macedonia rank for gross fixed capital formation — share of gdp us$, 2015 prices?
- North Macedonia ranks 80th out of 203 countries with data for 2024.
- Is gross fixed capital formation — share of gdp us$, 2015 prices rising or falling in North Macedonia?
- Over the last ten years it is up 9.1%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Share of GDP US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).