North Macedonia - Gross fixed capital formation (% of GDP)

Gross fixed capital formation (% of GDP) in North Macedonia was 20.59 as of 2020. Its highest value over the past 30 years was 25.84 in 2008, while its lowest value was 14.59 in 1994.

Definition: Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

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

See also:

Year Value
1990 17.12
1991 18.48
1992 18.42
1993 15.87
1994 14.59
1995 15.72
1996 16.52
1997 16.48
1998 16.57
1999 15.79
2000 20.43
2001 22.13
2002 21.42
2003 20.19
2004 21.33
2005 19.17
2006 20.18
2007 22.75
2008 25.84
2009 24.64
2010 23.14
2011 23.62
2012 23.45
2013 23.78
2014 23.49
2015 23.91
2016 24.44
2017 22.56
2018 20.03
2019 21.04
2020 20.59

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts