Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in North Macedonia
North Macedonia: Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) was 2,946 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in North Macedonia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in North Macedonia is 2,946 million USD, measured in 2024.
Compared with earlier readings it is up 1.6% on the previous year and up 35.2% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in North Macedonia peaked at 3,004 million USD in 2017 and was at its lowest, 1,072 million USD, in 1994.
That places North Macedonia 155th out of 235 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in North Macedonia, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 1,590 million USD | — |
| 1991 | 1,531 million USD | -3.7% |
| 1992 | 1,274 million USD | -16.8% |
| 1993 | 1,173 million USD | -7.9% |
| 1994 | 1,072 million USD | -8.6% |
| 1995 | 1,182 million USD | +10.2% |
| 1996 | 1,259 million USD | +6.5% |
| 1997 | 1,204 million USD | -4.3% |
| 1998 | 1,173 million USD | -2.6% |
| 1999 | 1,156 million USD | -1.4% |
| 2000 | 1,139 million USD | -1.5% |
| 2001 | 1,250 million USD | +9.7% |
| 2002 | 1,249 million USD | -0.1% |
| 2003 | 1,193 million USD | -4.5% |
| 2004 | 1,287 million USD | +7.9% |
| 2005 | 1,154 million USD | -10.3% |
| 2006 | 1,231 million USD | +6.7% |
| 2007 | 1,446 million USD | +17.5% |
| 2008 | 1,703 million USD | +17.8% |
| 2009 | 1,749 million USD | +2.7% |
| 2010 | 1,678 million USD | -4.0% |
| 2011 | 1,901 million USD | +13.3% |
| 2012 | 2,024 million USD | +6.5% |
| 2013 | 2,094 million USD | +3.5% |
| 2014 | 2,178 million USD | +4.0% |
| 2015 | 2,406 million USD | +10.5% |
| 2016 | 2,644 million USD | +9.9% |
| 2017 | 3,004 million USD | +13.6% |
| 2018 | 2,334 million USD | -22.3% |
| 2019 | 2,537 million USD | +8.7% |
| 2020 | 2,547 million USD | +0.4% |
| 2021 | 2,643 million USD | +3.8% |
| 2022 | 2,741 million USD | +3.7% |
| 2023 | 2,899 million USD | +5.7% |
| 2024 | 2,946 million USD | +1.6% |
North Macedonia compared with similar countries
- North Macedonia's 2,946 million USD is below the median for upper middle income countries, which is 7,886 million USD, 37% of the median. (54 countries reporting)
- North Macedonia's 2,946 million USD is below the median for Europe & Central Asia, which is 18,064 million USD, 16% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,261 million USD | 1,072 million USD | 1,590 million USD | 10 |
| 2000s | 1,340 million USD | 1,139 million USD | 1,749 million USD | 10 |
| 2010s | 2,280 million USD | 1,678 million USD | 3,004 million USD | 10 |
| 2020s | 2,755 million USD | 2,547 million USD | 2,946 million USD | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0246 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in North Macedonia?
- Gross fixed capital formation — value us$, 2015 prices in North Macedonia was 2,946 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in North Macedonia?
- The highest recorded value was 3,004 million USD in 2017.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in North Macedonia?
- The lowest recorded value was 1,072 million USD in 1994.
- How does North Macedonia rank for gross fixed capital formation — value us$, 2015 prices?
- North Macedonia ranks 155th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in North Macedonia?
- Over the last ten years it is up 35.2%. 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 — Value 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).