Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in North Macedonia
North Macedonia: Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) was 55.24 million USD in 2023. ▲ Rising
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in North Macedonia, 2000–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, gross fixed capital formation (agriculture, forestry and fishing) in North Macedonia stood at 55.24 million USD.
That represents a change of down 20.3% on the previous year and up 3.8% over ten years.
Over the whole period, gross fixed capital formation (agriculture, forestry and fishing) in North Macedonia peaked at 89.31 million USD in 2019 and was at its lowest, 25.4 million USD, in 2001.
North Macedonia ranks 132nd of 182 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in North Macedonia, year by year
| Year | million USD | Change |
|---|---|---|
| 2000 | 40.79 million USD | — |
| 2001 | 25.4 million USD | -37.7% |
| 2002 | 27.79 million USD | +9.4% |
| 2003 | 31.48 million USD | +13.3% |
| 2004 | 37.04 million USD | +17.7% |
| 2005 | 31.01 million USD | -16.3% |
| 2006 | 36.51 million USD | +17.7% |
| 2007 | 33.36 million USD | -8.6% |
| 2008 | 38.99 million USD | +16.9% |
| 2009 | 51.89 million USD | +33.1% |
| 2010 | 39.01 million USD | -24.8% |
| 2011 | 36.49 million USD | -6.5% |
| 2012 | 42.42 million USD | +16.3% |
| 2013 | 53.23 million USD | +25.5% |
| 2014 | 60.29 million USD | +13.3% |
| 2015 | 69.36 million USD | +15.0% |
| 2016 | 61.76 million USD | -10.9% |
| 2017 | 59.84 million USD | -3.1% |
| 2018 | 83.78 million USD | +40.0% |
| 2019 | 89.31 million USD | +6.6% |
| 2020 | 61.91 million USD | -30.7% |
| 2021 | 71.09 million USD | +14.8% |
| 2022 | 69.3 million USD | -2.5% |
| 2023 | 55.24 million USD | -20.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.43 million USD | 25.4 million USD | 51.89 million USD | 10 |
| 2010s | 59.55 million USD | 36.49 million USD | 89.31 million USD | 10 |
| 2020s | 64.38 million USD | 55.24 million USD | 71.09 million USD | 4 |
Countries ranked near North Macedonia
More environment data for North Macedonia
- Historical exposure to drought — Land soil moisture anomaly 2.21 Percentage change (2025)
- Historical exposure to drought — Cropland soil moisture anomaly 3.08 Percentage change (2025)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.483 °C (2025)
- Temperature change 2.22 °C (2025)
- Sawnwood — Production, annual growth rate 0 % change on previous year (2024)
- Sawnwood — Production, per unit of GDP 0 m3 per US$ of GDP (2024)
- Sawnwood — Production, per capita 0.0033 m3 per person (2024)
- Sawnwood — Import quantity, annual growth rate -1.21 % change on previous year (2024)
- Sawnwood — Import quantity, per unit of GDP 0 m3 per US$ of GDP (2024)
Frequently asked questions
- What is gross fixed capital formation (agriculture, forestry and fishing) in North Macedonia?
- Gross fixed capital formation (agriculture, forestry and fishing) in North Macedonia was 55.24 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation (agriculture, forestry and fishing) recorded in North Macedonia?
- The highest recorded value was 89.31 million USD in 2019.
- What is the lowest gross fixed capital formation (agriculture, forestry and fishing) recorded in North Macedonia?
- The lowest recorded value was 25.4 million USD in 2001.
- How does North Macedonia rank for gross fixed capital formation (agriculture, forestry and fishing)?
- North Macedonia ranks 132nd out of 182 countries with data for 2023.
- Is gross fixed capital formation (agriculture, forestry and fishing) rising or falling in North Macedonia?
- Over the last ten years it is up 3.8%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables included in the ACS are Net and Gross Capital Stock, Consumption of Fixed Capital, the Agriculture Investment ratio, and the Gross Fixed Capital Formation Agriculture Orientation Index. The FAO Agriculture Capital Stock Database is an analytical database: whenever available, the database integrates official National Accounts data harvested from the UNSD National Accounts Main Aggregates Database (UNSD AMA) and the OECD Annual National Accounts Database (OECD ANA). The database is further supplemented by OECD Structural Analysis database (OECD STAN) and, in a few cases, data from country’s statistics websites. If the full set of official data is not available for any specific country, imputation methods are applied to obtain estimates over the complete time series. Many data points in ACS are estimated and are flagged as such; they do not represent official submissions by Member Countries. With a view of producing internationally comparable net capital stock estimates, the Perpetual Inventory Method (PIM) with a constant geometric depreciation rate is employed to impute missing data. The Perpetual Inventory Method is a well-established economic model to calculate Net Capital Stocks (NCS) and Consumption of Fixed Capital (CFC) from time series of Gross Fixed Capital Formation (GFCF). Specifically, annual measures of the NCS are obtained from cumulating historical series on physical investment flows and deducting the part of assets that are depreciated (the Consumption of Fixed Capital that occurs in every period). In order to implement the PIM, long time series on aggregate GFCF in agriculture, forestry and fishing is required.An attempt is made to rely as much as possible on National Accounts data published by the OECD and UNSD. When country data are partially or fully missing, econometric techniques to impute missing observations are employed. Depending on the pattern of data missingness for the countries, different imputation methods are applied (from among the ARIMAX, PANEL regression, and OLS approaches) for the data series from 1995 to 2022. The values of Agriculture Capital Stock related indicators for 2023, including Agriculture Investment Ratio, Agriculture Orientation Index, Net Capital Stock, Gross Fixed Capital Formation and Consumption of Fixed Capital, are estimated using the Holt-Winters (HW) method (Cipra et al., 1995). The HW method is an exponential smoothing method for forecasting the annual values of economic variables. In this context, the HW method relies on existing (historical) values of the Agriculture Capital Stock. The predicted value is an extrapolation of the historical values to the specified target date, which extends the timeline without considering seasonality in the annual series.All data series in the database are provided both in national currencies and in US dollars as well as in current prices and constant prices with base year 2015.