Gross Fixed Capital Formation — Value US$, 2015 prices, per square in North Macedonia
North Macedonia: Gross Fixed Capital Formation — Value US$, 2015 prices, per square was 0.1149 million USD per square kilometre in 2023. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices, per square in North Macedonia, 1992–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
In 2023, gross fixed capital formation — value us$, 2015 prices, per square in North Macedonia stood at 0.1149 million USD per square kilometre.
The figure is up 5.7% on the previous year and up 38.4% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, per square in North Macedonia peaked at 0.1191 million USD per square kilometre in 2017 and was at its lowest, 0.0422 million USD per square kilometre, in 1994.
North Macedonia ranks 94th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices, per square in North Macedonia, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1992 | 0.0501 million USD per square kilometre | — |
| 1993 | 0.0461 million USD per square kilometre | -7.9% |
| 1994 | 0.0422 million USD per square kilometre | -8.6% |
| 1995 | 0.0465 million USD per square kilometre | +10.2% |
| 1996 | 0.0495 million USD per square kilometre | +6.5% |
| 1997 | 0.0474 million USD per square kilometre | -4.3% |
| 1998 | 0.0461 million USD per square kilometre | -2.6% |
| 1999 | 0.0455 million USD per square kilometre | -1.4% |
| 2000 | 0.0448 million USD per square kilometre | -1.5% |
| 2001 | 0.0491 million USD per square kilometre | +9.7% |
| 2002 | 0.0491 million USD per square kilometre | -0.1% |
| 2003 | 0.0469 million USD per square kilometre | -4.5% |
| 2004 | 0.0506 million USD per square kilometre | +7.9% |
| 2005 | 0.0454 million USD per square kilometre | -10.3% |
| 2006 | 0.0484 million USD per square kilometre | +6.7% |
| 2007 | 0.0573 million USD per square kilometre | +18.4% |
| 2008 | 0.0675 million USD per square kilometre | +17.8% |
| 2009 | 0.0693 million USD per square kilometre | +2.7% |
| 2010 | 0.0666 million USD per square kilometre | -4.0% |
| 2011 | 0.0754 million USD per square kilometre | +13.3% |
| 2012 | 0.0803 million USD per square kilometre | +6.5% |
| 2013 | 0.083 million USD per square kilometre | +3.5% |
| 2014 | 0.0864 million USD per square kilometre | +4.0% |
| 2015 | 0.0954 million USD per square kilometre | +10.5% |
| 2016 | 0.1048 million USD per square kilometre | +9.9% |
| 2017 | 0.1191 million USD per square kilometre | +13.6% |
| 2018 | 0.0926 million USD per square kilometre | -22.3% |
| 2019 | 0.1006 million USD per square kilometre | +8.7% |
| 2020 | 0.101 million USD per square kilometre | +0.4% |
| 2021 | 0.1048 million USD per square kilometre | +3.8% |
| 2022 | 0.1087 million USD per square kilometre | +3.7% |
| 2023 | 0.1149 million USD per square kilometre | +5.7% |
North Macedonia compared with similar countries
- North Macedonia's 0.1149 million USD per square kilometre is above the median for upper middle income countries, which is 0.0962 million USD per square kilometre, 1.2× the median. (54 countries reporting)
- North Macedonia's 0.1149 million USD per square kilometre is below the median for Europe & Central Asia, which is 0.2754 million USD per square kilometre, 42% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0467 million USD per square kilometre | 0.0422 million USD per square kilometre | 0.0501 million USD per square kilometre | 8 |
| 2000s | 0.0528 million USD per square kilometre | 0.0448 million USD per square kilometre | 0.0693 million USD per square kilometre | 10 |
| 2010s | 0.0904 million USD per square kilometre | 0.0666 million USD per square kilometre | 0.1191 million USD per square kilometre | 10 |
| 2020s | 0.1074 million USD per square kilometre | 0.101 million USD per square kilometre | 0.1149 million USD per square kilometre | 4 |
Countries ranked near North Macedonia
- 91 Armenia 0.1254 million USD per square kilometre compare
- 92 Latvia 0.1251 million USD per square kilometre compare
- 93 Uzbekistan 0.1159 million USD per square kilometre compare
- 95 Bulgaria 0.1121 million USD per square kilometre compare
- 96 Saudi Arabia 0.1089 million USD per square kilometre compare
- 97 Sao Tome and Principe 0.1059 million USD per square kilometre compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 400.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0209 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 219.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 675.78 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -36.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0354 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices, per square in North Macedonia?
- Gross fixed capital formation — value us$, 2015 prices, per square in North Macedonia was 0.1149 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, per square recorded in North Macedonia?
- The highest recorded value was 0.1191 million USD per square kilometre in 2017.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, per square recorded in North Macedonia?
- The lowest recorded value was 0.0422 million USD per square kilometre in 1994.
- How does North Macedonia rank for gross fixed capital formation — value us$, 2015 prices, per square?
- North Macedonia ranks 94th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value us$, 2015 prices, per square rising or falling in North Macedonia?
- Over the last ten years it is up 38.4%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, 2015 prices, per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Fixed Capital Formation — Value US$, 2015 prices divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value US$, 2015 prices ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Fixed Capital Formation — Value US$, 2015 prices divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.