Gross fixed capital formation in North Macedonia
North Macedonia: Gross fixed capital formation was 154.64 billion constant LCU in 2024. ▲ Rising
Gross fixed capital formation in North Macedonia, 1990–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, gross fixed capital formation in North Macedonia stood at 154.64 billion constant LCU. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 39.5% over ten years.
Over the whole period, gross fixed capital formation in North Macedonia peaked at 154.64 billion constant LCU in 2024 and was at its lowest, 42.45 billion constant LCU, in 1999.
North Macedonia ranks 87th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.72 billion constant LCU | 42.45 billion constant LCU | 81.11 billion constant LCU | 10 |
| 2000s | 68.18 billion constant LCU | 57.96 billion constant LCU | 88.98 billion constant LCU | 10 |
| 2010s | 113.42 billion constant LCU | 85.39 billion constant LCU | 134.50 billion constant LCU | 10 |
| 2020s | 141.10 billion constant LCU | 129.60 billion constant LCU | 154.64 billion constant LCU | 5 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- DEC alternative conversion factor 54.65 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 150.08 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 2.75 billion current US$ (2025)
- Taxes less subsidies on products 135.47 billion current LCU (2025)
- Taxes less subsidies on products 2.48 billion current US$ (2025)
- Net primary income (Net income from abroad) -50.17 billion current LCU (2025)
- Net primary income (Net income from abroad) -918.06 million current US$ (2025)
- GNI per capita 545,721 current LCU (2025)
- GNI per capita, Atlas method 9,490 current US$ (2025)
- GNI 993.71 billion current LCU (2025)
Frequently asked questions
- What is gross fixed capital formation in North Macedonia?
- Gross fixed capital formation in North Macedonia was 154.64 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in North Macedonia?
- The highest recorded value was 154.64 billion constant LCU in 2024.
- What is the lowest gross fixed capital formation recorded in North Macedonia?
- The lowest recorded value was 42.45 billion constant LCU in 1999.
- How does North Macedonia rank for gross fixed capital formation?
- North Macedonia ranks 87th out of 167 countries with data for 2024.
- Is gross fixed capital formation rising or falling in North Macedonia?
- Over the last ten years it is up 39.5%. The long-run trend across the full record is rising.
- 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 fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.