Gross capital formation in North Macedonia

North Macedonia: Gross capital formation was 166.41 billion constant LCU in 2025. ◆ Volatile

Latest (2025)
166.41 billion constant LCU
Change on year
up 8.0%
World rank
83rd
of 169 countries
All-time high
170.21 billion constant LCU
in 2019
All-time low
30.40 billion constant LCU
in 1992
Years of data
36
1990–2025

Gross capital formation in North Macedonia, 1990–2025

50.0B100.0B150.0B1990200720251990: 45.2B constant LCU1991: 38.4B constant LCU1992: 30.4B constant LCU1993: 33.1B constant LCU1994: 31.7B constant LCU1995: 31.9B constant LCU1996: 33.5B constant LCU1997: 39.4B constant LCU1998: 40.3B constant LCU1999: 35.9B constant LCU2000: 54.0B constant LCU2001: 50.7B constant LCU2002: 59.9B constant LCU2003: 56.8B constant LCU2004: 67.4B constant LCU2005: 61.2B constant LCU2006: 67.0B constant LCU2007: 75.9B constant LCU2008: 92.8B constant LCU2009: 92.3B constant LCU2010: 88.8B constant LCU2011: 104.7B constant LCU2012: 115.3B constant LCU2013: 115.9B constant LCU2014: 128.3B constant LCU2015: 138.9B constant LCU2016: 156.3B constant LCU2017: 152.8B constant LCU2018: 155.4B constant LCU2019: 170.2B constant LCU2020: 144.5B constant LCU2021: 148.7B constant LCU2022: 166.4B constant LCU2023: 139.9B constant LCU2024: 154.1B constant LCU2025: 166.4B constant LCU

Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.

Analysis

In 2025, gross capital formation in North Macedonia stood at 166.41 billion constant LCU.

The figure is up 8.0% on the previous year and up 19.8% over ten years.

Over the whole period, gross capital formation in North Macedonia peaked at 170.21 billion constant LCU in 2019 and was at its lowest, 30.40 billion constant LCU, in 1992.

That places North Macedonia 83rd out of 169 countries with data for 2025, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 35.98 billion constant LCU 30.40 billion constant LCU 45.20 billion constant LCU 10
2000s 67.81 billion constant LCU 50.72 billion constant LCU 92.83 billion constant LCU 10
2010s 132.66 billion constant LCU 88.77 billion constant LCU 170.21 billion constant LCU 10
2020s 153.34 billion constant LCU 139.93 billion constant LCU 166.41 billion constant LCU 6

Countries ranked near North Macedonia

  1. 80 Afghanistan 190.94 billion constant LCU compare
  2. 81 Netherlands 186.50 billion constant LCU compare
  3. 82 Mauritania 172.43 billion constant LCU compare
  4. 84 Equatorial Guinea 162.77 billion constant LCU compare
  5. 85 Romania 153.93 billion constant LCU compare
  6. 86 Peru 148.33 billion constant LCU compare

See the full ranking of 169 places →

More economy & growth data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is gross capital formation in North Macedonia?
Gross capital formation in North Macedonia was 166.41 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest gross capital formation recorded in North Macedonia?
The highest recorded value was 170.21 billion constant LCU in 2019.
What is the lowest gross capital formation recorded in North Macedonia?
The lowest recorded value was 30.40 billion constant LCU in 1992.
How does North Macedonia rank for gross capital formation?
North Macedonia ranks 83rd out of 169 countries with data for 2025.
Is gross capital formation rising or falling in North Macedonia?
Over the last ten years it is up 19.8%. The long-run trend across the full record is volatile.
Where does this North Macedonia data come from?
The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant LCU). Statizoid updates them automatically from the source API.

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About this data

Indicator
Gross capital formation (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
169 places, 7,054 data points, 1960–2025
Last refreshed

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.