Gross Fixed Capital Formation — Value Standard Local Currency (Fixed) in North Macedonia
North Macedonia: Gross Fixed Capital Formation — Value Standard Local Currency (Fixed) was 237,857 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in North Macedonia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in North Macedonia stood at 237,857 million SLC. That is the highest value across all 35 years on record.
That represents a change of up 6.8% on the previous year and up 91.9% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in North Macedonia peaked at 237,857 million SLC in 2024 and was at its lowest, 123.04 million SLC, in 1990.
That places North Macedonia 107th out of 230 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 — Value Standard Local Currency (Fixed) in North Macedonia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 123.04 million SLC | — |
| 1991 | 229.52 million SLC | +86.5% |
| 1992 | 3,027 million SLC | +1218.8% |
| 1993 | 14,474 million SLC | +378.2% |
| 1994 | 29,571 million SLC | +104.3% |
| 1995 | 36,900 million SLC | +24.8% |
| 1996 | 40,359 million SLC | +9.4% |
| 1997 | 42,442 million SLC | +5.2% |
| 1998 | 44,740 million SLC | +5.4% |
| 1999 | 45,698 million SLC | +2.1% |
| 2000 | 50,792 million SLC | +11.1% |
| 2001 | 55,851 million SLC | +10.0% |
| 2002 | 55,392 million SLC | -0.8% |
| 2003 | 54,256 million SLC | -2.1% |
| 2004 | 59,882 million SLC | +10.4% |
| 2005 | 59,133 million SLC | -1.3% |
| 2006 | 67,580 million SLC | +14.3% |
| 2007 | 84,844 million SLC | +25.5% |
| 2008 | 107,205 million SLC | +26.4% |
| 2009 | 102,147 million SLC | -4.7% |
| 2010 | 101,199 million SLC | -0.9% |
| 2011 | 109,650 million SLC | +8.4% |
| 2012 | 109,421 million SLC | -0.2% |
| 2013 | 119,370 million SLC | +9.1% |
| 2014 | 123,946 million SLC | +3.8% |
| 2015 | 133,627 million SLC | +7.8% |
| 2016 | 145,392 million SLC | +8.8% |
| 2017 | 139,432 million SLC | -4.1% |
| 2018 | 132,819 million SLC | -4.7% |
| 2019 | 146,203 million SLC | +10.1% |
| 2020 | 145,007 million SLC | -0.8% |
| 2021 | 171,638 million SLC | +18.4% |
| 2022 | 196,664 million SLC | +14.6% |
| 2023 | 222,798 million SLC | +13.3% |
| 2024 | 237,857 million SLC | +6.8% |
North Macedonia compared with similar countries
- North Macedonia's 237,857 million SLC is above the median for upper middle income countries, which is 199,742 million SLC, 1.2× the median. (54 countries reporting)
- North Macedonia's 237,857 million SLC is above the median for Europe & Central Asia, which is 116,713 million SLC, 2.0× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency (Fixed) in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +1218.8% | 229.52 million SLC | 3,027 million SLC |
| 1993 | +378.2% | 3,027 million SLC | 14,474 million SLC |
| 1994 | +104.3% | 14,474 million SLC | 29,571 million SLC |
| 1991 | +86.5% | 123.04 million SLC | 229.52 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25,756 million SLC | 123.04 million SLC | 45,698 million SLC | 10 |
| 2000s | 69,708 million SLC | 50,792 million SLC | 107,205 million SLC | 10 |
| 2010s | 126,106 million SLC | 101,199 million SLC | 146,203 million SLC | 10 |
| 2020s | 194,793 million SLC | 145,007 million SLC | 237,857 million SLC | 5 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Real gdp growth, annual growth rate 16.47 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in North Macedonia?
- Gross fixed capital formation — value standard local currency in North Macedonia was 237,857 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in North Macedonia?
- The highest recorded value was 237,857 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in North Macedonia?
- The lowest recorded value was 123.04 million SLC in 1990.
- How does North Macedonia rank for gross fixed capital formation — value standard local currency?
- North Macedonia ranks 107th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in North Macedonia?
- Over the last ten years it is up 91.9%. The long-run trend across the full record is volatile.
- 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).