Macedonia MK: GDP: Real: Gross Capital Formation

Macedonia MK: GDP: Real: Gross Capital Formation data was reported at 150,287.000 MKD mn in 2017. This records a decrease from the previous number of 157,301.000 MKD mn for 2016. Macedonia MK: GDP: Real: Gross Capital Formation data is updated yearly, averaging 60,535.500 MKD mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 157,301.000 MKD mn in 2016 and a record low of 30,402.263 MKD mn in 1992. Macedonia MK: GDP: Real: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Macedonia – Table MK.World Bank.WDI: Gross Domestic Product: Real. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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What was North Macedonia's Macedonia MK: GDP: Real: Gross Capital Formation in 2017?

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