North Macedonia - Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in North Macedonia was 152,762,000,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 170,189,000,000 in 2019 and a minimum value of 30,402,260,000 in 1992.

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 constant local currency.

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

Year Value
1990 45,198,770,000
1991 38,374,150,000
1992 30,402,260,000
1993 33,063,750,000
1994 31,714,160,000
1995 31,930,900,000
1996 33,540,000,000
1997 39,371,800,000
1998 40,287,300,000
1999 35,929,600,000
2000 54,044,000,000
2001 50,721,000,000
2002 59,859,000,000
2003 56,834,000,000
2004 67,434,000,000
2005 61,212,000,000
2006 67,019,000,000
2007 75,881,000,000
2008 92,829,000,000
2009 92,279,000,000
2010 88,768,000,000
2011 104,682,000,000
2012 115,340,000,000
2013 115,909,000,000
2014 128,280,000,000
2015 138,890,000,000
2016 156,294,000,000
2017 152,849,000,000
2018 155,406,000,000
2019 170,189,000,000
2020 152,762,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts