Gross Fixed Capital Formation — Value Standard Local Currency in North Macedonia
North Macedonia: Gross Fixed Capital Formation — Value Standard Local Currency 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 91st out of 202 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 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% |
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
- 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)
- GNI, Atlas method (current US$), annual growth rate 14.14 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9046 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 9,490 current US$ per person (2025)
- GNI (current US$), annual growth rate 13.05 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9519 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 9,986 current US$ per person (2025)
- GNI (current LCU), annual growth rate 8.63 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 52.02 current LCU per US$ of GDP (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 91st out of 202 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.
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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).