Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — North Macedonia

Gross capital formation (% of GDP) in North Macedonia in 2025 — 31.7%. Ranked 13 in the world out of 131. Since 1990, the indicator has risen by 14 pp.

2025 31.7% +1.1 pp vs 2024
World rank 13of 131
Period maximum 36%2022
Period minimum 14.7%1994

Trend over time

1990–2025 · % of GDP

Gross capital formation (% of GDP) — North Macedonia, 1990–20251020304019901994199820022006201020142018202220251990: 17.8%1991: 16.8%1992: 14.7%1993: 15.2%1994: 14.7%1995: 19.7%1996: 19.1%1997: 19.9%1998: 21.2%1999: 18.7%2000: 21.9%2001: 17.4%2002: 20.8%2003: 17.9%2004: 21%2005: 19.8%2006: 21.4%2007: 23.7%2008: 27.9%2009: 25.7%2010: 24.5%2011: 26.9%2012: 28.9%2013: 28.8%2014: 30.3%2015: 30.4%2016: 32.5%2017: 32.3%2018: 32.3%2019: 34.3%2020: 29.9%2021: 32.2%2022: 36%2023: 29.6%2024: 30.6%2025: 31.7%
Change over the period: +14 pp Annual average: 0.4 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: North Macedonia

North Macedonia 31.7%
Southern Europe computed 21.8%
Gross capital formation (% of GDP) — North Macedonia, by year North Macedonia All countries CSV XLSX
Year % Change, pp
2025 31.7 +1.1 pp
2024 30.6 +1 pp
2023 29.6 −6.4 pp
2022 36 +3.8 pp
2021 32.2 +2.3 pp
2020 29.9 −4.3 pp
2019 34.3 +1.9 pp
2018 32.3 +0.1 pp
2017 32.3 −0.2 pp
2016 32.5 +2.1 pp
2015 30.4 +0.1 pp
2014 30.3 +1.5 pp
2013 28.8 −0.1 pp
2012 28.9 +2 pp
2011 26.9 +2.4 pp
2010 24.5 −1.3 pp
2009 25.7 −2.2 pp
2008 27.9 +4.2 pp
2007 23.7 +2.3 pp
2006 21.4 +1.6 pp
2005 19.8 −1.2 pp
2004 21 +3.1 pp
2003 17.9 −2.9 pp
2002 20.8 +3.5 pp
2001 17.4 −4.5 pp
2000 21.9 +3.2 pp
1999 18.7 −2.4 pp
1998 21.2 +1.2 pp
1997 19.9 +0.8 pp
1996 19.1 −0.6 pp
1995 19.7 +5 pp
1994 14.7 −0.5 pp
1993 15.2 +0.5 pp
1992 14.7 −2.1 pp
1991 16.8 −1 pp
1990 17.8

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.