North Macedonia - Gross capital formation (current LCU)

The value for Gross capital formation (current LCU) in North Macedonia was 196,736,000,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 237,314,000,000 in 2019 and a minimum value of 94,500,000 in 1990.

Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1990 94,500,000
1991 162,700,000
1992 1,826,300,000
1993 9,462,300,000
1994 22,643,000,000
1995 35,189,000,000
1996 35,444,400,000
1997 39,014,400,000
1998 43,407,890,000
1999 41,171,000,000
2000 54,404,000,000
2001 43,804,000,000
2002 53,863,000,000
2003 48,175,000,000
2004 59,094,000,000
2005 61,213,000,000
2006 71,683,000,000
2007 88,422,000,000
2008 115,890,000,000
2009 106,734,000,000
2010 106,998,000,000
2011 124,927,000,000
2012 135,004,000,000
2013 144,585,000,000
2014 159,847,000,000
2015 169,942,000,000
2016 193,366,000,000
2017 199,481,000,000
2018 213,654,000,000
2019 237,314,000,000
2020 196,736,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts