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Economy of Albania vs Finland compared: GDP & Debt

Updated on by Georank

Albania has a GDP of $30.5B compared to $317B for Finland, ranking 113/197 and 48/197 by economy size, respectively.

Albania has $16.1B in government debt (52.6% of GDP), compared to $283B (89.3% of GDP) in Finland.

Albania vs Finland GDP by year

Albania
Finland
1x
Year GDP, current $
Albania Finland
2025 $30,540,188,271 $317,039,368,820
2024 $27,037,474,263 $298,729,432,712
2023 $23,491,242,727 $295,191,741,637
2022 $19,017,247,014 $280,253,099,309
2021 $18,031,989,573 $294,223,210,496
2020 $15,241,458,745 $270,000,311,606
2019 $15,585,111,614 $267,014,821,129
2018 $15,379,508,330 $273,869,255,596
2017 $13,258,268,436 $253,846,138,440
2016 $11,988,668,785 $238,777,818,793
2015 $11,470,171,827 $233,210,733,506
2014 $13,296,322,588 $273,478,528,955
2013 $12,796,985,886 $270,268,036,626
2012 $12,246,499,748 $257,443,384,493
2011 $12,973,755,875 $275,126,915,516
2010 $12,086,545,641 $249,429,613,683
2009 $12,335,540,656 $253,480,783,439
2008 $13,258,506,375 $285,698,662,071
2007 $11,116,937,870 $256,360,251,538
2006 $9,150,528,132 $217,044,068,234
2005 $8,256,658,250 $204,859,368,791
2004 $7,406,645,793 $197,458,297,640
2003 $5,801,712,040 $171,612,867,736
2002 $4,515,003,117 $140,360,963,812
2001 $4,059,064,033 $129,519,672,869
2000 $3,584,570,165 $125,967,821,111
1999 $3,283,941,510 $135,234,241,918
1998 $2,600,356,999 $133,990,876,725
1997 $2,293,666,030 $126,862,902,302
1996 $3,234,486,232 $131,991,975,149
1995 $2,905,092,799 $134,060,457,516
1994 $1,880,950,864 $103,182,697,780
1993 $1,185,315,468 $89,112,105,756
1992 $652,174,991 $112,537,828,511
1991 $1,099,559,028 $127,794,441,994
1990 $2,028,553,750 $141,446,120,355
1989 $2,253,090,000 $118,991,270,611
1988 $2,051,236,250 $109,039,090,263
1987 $2,080,796,250 $91,564,993,913
1986 $2,097,326,250 $73,511,611,541
1985 $1,897,050,117 $55,856,676,899
1984 $1,857,337,995 $52,870,993,273
1983 $1,881,412,587 $50,956,447,481
1982 $1,861,163,170 $52,784,013,815
1981 $1,808,177,156 $52,440,066,134
1980 $1,578,102,105 $53,649,984,061
1979 - $44,469,218,440
1978 - $36,259,392,058
1977 - $33,502,784,418
1976 - $31,852,352,670
1975 - $29,475,251,333
1974 - $24,851,036,710
1973 - $19,474,098,335
1972 - $14,744,499,570
1971 - $12,528,522,307
1970 - $11,358,529,162
1969 - $10,177,524,839
1968 - $8,916,565,041
1967 - $9,468,272,357
1966 - $9,306,142,172
1965 - $8,680,393,839
1964 - $7,848,987,793
1963 - $6,958,916,548
1962 - $6,407,796,043
1961 - $5,984,433,774
1960 - $5,279,481,824

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/finland | CC BY

GDP per capita in Albania vs Finland by year

Albania
GDP per capita

GDP per capita, PPP
Finland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Finland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $12,998 - $56,149 -
2024 $11,374 $26,702 $53,156 $65,378
2023 $9,741 $24,822 $52,865 $63,415
2022 $7,757 $22,138 $50,441 $62,133
2021 $7,242 $18,213 $53,099 $56,790
2020 $6,028 $16,288 $48,829 $53,297
2019 $6,069 $16,442 $48,358 $52,276
2018 $5,898 $15,055 $49,654 $49,249
2017 $5,006 $14,111 $46,085 $47,235
2016 $4,458 $13,056 $43,451 $44,562
2015 $4,200 $12,387 $42,560 $42,258
2014 $4,794 $11,788 $50,074 $41,547
2013 $4,543 $10,882 $49,691 $41,326
2012 $4,281 $10,609 $47,552 $40,739
2011 $4,466 $10,273 $51,060 $40,846
2010 $4,149 $9,755 $46,506 $38,946
2009 $4,214 $9,031 $47,478 $37,988
2008 $4,499 $8,469 $53,769 $40,081
2007 $3,743 $7,585 $48,473 $37,843
2006 $3,058 $6,753 $41,214 $34,440
2005 $2,742 $6,014 $39,050 $32,048
2004 $2,447 $5,595 $37,768 $31,195
2003 $1,909 $5,169 $32,920 $29,043
2002 $1,480 $4,840 $26,989 $28,596
2001 $1,326 $4,451 $24,965 $27,798
2000 $1,160 $3,978 $24,336 $26,783
1999 $1,056 $3,549 $26,180 $24,762
1998 $831 $3,086 $26,000 $23,570
1997 $729 $2,760 $24,682 $21,787
1996 $1,021 $3,054 $25,757 $20,067
1995 $911 $2,777 $26,246 $19,568
1994 $586 $2,385 $20,278 $18,458
1993 $367 $2,143 $17,589 $17,458
1992 $200.9 $1,899 $22,320 $17,271
1991 $337 $1,989 $25,489 $17,563
1990 $617 $2,656 $28,366 $18,149
1989 $698 - $23,969 -
1988 $653 - $22,044 -
1987 $675 - $18,565 -
1986 $694 - $14,947 -
1985 $640 - $11,394 -
1984 $639 - $10,830 -
1983 $662 - $10,494 -
1982 $668 - $10,935 -
1981 $663 - $10,925 -
1980 $591 - $11,225 -
1979 - - $9,333 -
1978 - - $7,629 -
1977 - - $7,070 -
1976 - - $6,740 -
1975 - - $6,256 -
1974 - - $5,298 -
1973 - - $4,174 -
1972 - - $3,178 -
1971 - - $2,716 -
1970 - - $2,466 -
1969 - - $2,201 -
1968 - - $1,927 -
1967 - - $2,056 -
1966 - - $2,032 -
1965 - - $1,902 -
1964 - - $1,726 -
1963 - - $1,538 -
1962 - - $1,427 -
1961 - - $1,341 -
1960 - - $1,192 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/finland | CC BY

Albania's GDP per capita is $12,998, ranking 79/197, compared to $56,149 in Finland, ranking 22/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Finland ranks 27th at $65,378.

Economic indicators

Albania Finland
Gross domestic product
$30.5B
2025
$317B
2025
GDP rank
113/197
2025
48/197
2025
GDP growth
3.79%
2024-2025
0.17%
2024-2025
GDP per capita
$12,998
2025
$56,149
2025
GDP per capita rank
79/197
2025
22/197
2025
GDP per capita, PPP
$26,702
2024
$65,378
2024
GDP per capita PPP rank
79/197
2024
27/197
2024
Government debt
$16.1B
2025
$283B
2025
Debt-to-GDP ratio
52.6%
2025
89.3%
2025
Government debt per person
$6,837
2025
$50,138
2025
Government debt per person rank
72/185
2025
11/185
2025
Average annual personal income after taxes
$9,481
2026
$36,402
2026
Market capitalization of domestic companies n/a
$20.3B
2004
Number of billionaires
1
2026
7
2026
Income share by richest 10%
22.8%
2020
22.5%
2023
Income share by poorest 10%
3.4%
2020
3.7%
2023
Government expenditure, % of GDP
30.1%
2025
57.6%
2025
Consumer prices inflation
2.2%
2024-2025
0.34%
2024-2025
Central bank interest rate
2.5%
2025
n/a
Unemployment rate
8.43%
2024
9.7%
2025
Population
2332078
5647947

Spending and national debt comparison by year

Albania
Spending

Debt
Finland
Spending

Debt
1x
Year % of GDP
Albania Finland
Government spending Government debt Government spending Government debt
2025 30.1% 52.6% 57.6% 89.3%
2024 28.9% 54.5% 57.8% 82.4%
2023 28.5% 58% 56% 77%
2022 30.3% 64.7% 52.6% 74%
2021 31.9% 74.8% 55.2% 73.1%
2020 32.4% 75.4% 56.5% 75.3%
2019 28.7% 66.6% 52.6% 65.3%
2018 28.7% 68.5% 52.7% 65.3%
2017 29.2% 71.9% 52.8% 66.6%
2016 29.1% 73.3% 55.1% 68.6%
2015 30.8% 73.7% 55.7% 68.8%
2014 31.7% 72% 57.6% 64.8%
2013 29.2% 70.4% 57.1% 60.8%
2012 28.2% 62.1% 55.7% 57.9%
2011 28.9% 59.4% 53.8% 52%
2010 29.4% 57.7% 54% 50.1%
2009 32.7% 59.7% 54.1% 41.5%
2008 31.7% 55.1% 47.9% 32.6%
2007 29.3% 53.6% 46.7% 33.9%
2006 29.2% 56.7% 48.3% 38%
2005 28.9% 58.2% 49.2% 39.9%
2004 30.2% 57.5% 48.2% 42.6%
2003 29.7% 60.2% 48.3% 42.7%
2002 31.5% 64.1% 47.5% 40.1%
2001 32.7% 60.6% 46.2% 40.9%
2000 33.8% 63.8% 46.9% 42.4%
1999 37.1% 68.2% 49.9% 44%
1998 36.8% 71.2% 51.3% 46.8%
1997 30.3% 72.2% 54.9% 52.2%
1996 - - 58.5% 55.4%
1995 - - 60% 55.2%
1994 - - 62.2% 56.2%
1993 - - 63.7% 54.2%
1992 - - 60.8% 39.3%
1991 - - 55.8% 21.9%
1990 - - 47.1% 13.9%
1989 - - 44.4% 14.3%
1988 - - 46.4% 16.5%
1987 - - 47.8% 17.6%
1986 - - 46.9% 16.4%
1985 - - 46.3% 15.8%
1984 - - 44.4% 15.2%
1983 - - 44.4% 15.4%
1982 - - 42.7% 13.9%
1981 - - 41% 11.5%
1980 - - 40.1% 10.9%
1979 - - 40.3% 11%
1978 - - 41.3% 10.7%
1977 - - 41.7% 8.22%
1976 - - 39.8% 7.09%
1975 - - 38.6% 6.76%
1974 - - 22.9% 2.97%
1973 - - 21.8% 4.42%
1972 - - 20.4% 6.46%
1971 - - 22.8% 7.94%
1970 - - 21.9% 9.19%
1969 - - 22.2% 10.8%
1968 - - 25.5% 13.9%
1967 - - 23.5% 14.2%
1966 - - 23.3% 13.7%
1965 - - 23.2% 13%
1964 - - 22.8% 12.5%
1963 - - 21.6% 12.2%
1962 - - 23.9% 10.3%
1961 - - 22.7% 9.12%
1960 - - 22.5% 9.96%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/albania/finland | CC BY

In 2025, Albania's government spending was $9.19B, accounting for 30.1% of its GDP, while Finland spent $183B, or 57.6% of GDP.

Debt-to-GDP ratio is 52.6% in Albania and 89.3% in Finland, ranking 96/185 and 31/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Finland
1x
Year Deficit/surplus, % of GDP
Albania Finland
2025 -1.75% -3.88%
2024 -0.72% -4.4%
2023 -1.32% -2.89%
2022 -3.64% -0.18%
2021 -4.57% -2.69%
2020 -6.67% -5.53%
2019 -1.84% -0.93%
2018 -1.58% -0.87%
2017 -1.41% -0.63%
2016 -1.5% -1.7%
2015 -4.32% -2.43%
2014 -5.46% -2.99%
2013 -5.22% -2.52%
2012 -3.44% -2.15%
2011 -3.52% -1.01%
2010 -3.52% -2.57%
2009 -6.59% -2.48%
2008 -4.88% 4.18%
2007 -3.18% 5.12%
2006 -3.26% 3.93%
2005 -3.46% 2.59%
2004 -5.16% 2.16%
2003 -5.01% 2.34%
2002 -6.21% 3.97%
2001 -6.84% 4.89%
2000 -7.77% 6.73%
1999 -8.84% 1.6%
1998 -9.93% 1.54%
1997 -11.9% -1.33%
1996 - -3.37%
1995 - -5.98%
1994 - -6.41%
1993 - -8.09%
1992 - -4.88%
1991 - 0.3%
1990 - 6.63%
1989 - 6.73%
1988 - 5.09%
1987 - 1.63%
1986 - 3.83%
1985 - 3.33%
1984 - 3.23%
1983 - 1.52%
1982 - 3.06%
1981 - 5.11%
1980 - 3.7%
1979 - 3.41%
1978 - 3.83%
1977 - 6.27%
1976 - 7.65%
1975 - 4.96%
1974 - -0.03%
1973 - 1.48%
1972 - -0.18%
1971 - 0.15%
1970 - 1.06%
1969 - 0.94%
1968 - -1.69%
1967 - -0.26%
1966 - -1.08%
1965 - -1.67%
1964 - -1.35%
1963 - -2.5%
1962 - -2.37%
1961 - -3.03%
1960 - -0.52%
1959 - -0.12%
1958 - -1.73%
1957 - 0.08%
1956 - -1.14%
1955 - -1%
1954 - -0.17%
1953 - 0.02%
1952 - -1.24%
1951 - 1.1%
1950 - -0.26%
1949 - -2.77%
1948 - 1.88%
1947 - -5.99%
1946 - -15.3%
1945 - -6.35%
1944 - -21.5%
1943 - -14.2%
1942 - -16.4%
1941 - -35.8%
1940 - -36.9%
1939 - -9.76%
1938 - -1.48%
1937 - -4.44%
1936 - -3.75%
1935 - -3.81%
1934 - -2.81%
1933 - -1.63%
1932 - -2.61%
1931 - -2.32%
1930 - -1.94%
1929 - -0.78%
1928 - -2.07%
1927 - -0.32%
1926 - -2.9%
1925 - -2.92%
1924 - 0.04%
1923 - -2.3%
1922 - 0.62%
1921 - -2.59%
1920 - -2.6%
1919 - -7.49%
1918 - -11.4%
1917 - -1.27%
1916 - 1.48%
1915 - -0.29%
1914 - -1.15%
1913 - -0.25%
1912 - 0.33%
1911 - -0.14%
1910 - -0.3%
1909 - -2.64%
1908 - -1.92%
1907 - 0.24%
1906 - 0.86%
1905 - -1.28%
1904 - -1.63%
1903 - -0.3%
1902 - -1.74%
1901 - -2.13%
1900 - -0.52%
1899 - -1%
1898 - -4.55%
1897 - -0.37%
1896 - -0.56%
1895 - -1.21%
1894 - -0.62%
1893 - 0%
1892 - 0.82%
1891 - 0.16%
1890 - 0.17%
1889 - 0.18%
1888 - -0.59%
1887 - -1.46%
1886 - 0%
1885 - -1.2%
1884 - -0.2%
1883 - 0%
1882 - 0.2%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/finland | CC BY

In 2025, Albania's government deficit, the difference between spending and revenue, was $533M, equivalent to 1.75% of GDP. This compares to Finland's deficit of $12.3B, or 3.88% of GDP.

Over the past 29 years, Albania recorded a fiscal deficit in 29 of those years, while Finland ran a deficit in 18 years. On average, Albania posted an annual deficit equal to 4.6% of GDP, compared to deficit of 0.08% of GDP for Finland.

Inflation comparison by year

Inflation
Albania

Finland
1x
Year Consumer prices inflation
Albania Finland
2025 2.2% 0.34%
2024 2.2% 1.57%
2023 4.8% 6.25%
2022 6.7% 7.12%
2021 2% 2.19%
2020 1.6% 0.29%
2019 1.4% 1.02%
2018 2% 1.08%
2017 2% 0.75%
2016 1.3% 0.36%
2015 1.9% -0.21%
2014 1.6% 1.04%
2013 1.9% 1.48%
2012 2% 2.81%
2011 3.4% 3.42%
2010 3.6% 1.18%
2009 2.2% -0%
2008 3.3% 4.07%
2007 3% 2.51%
2006 2.4% 1.57%
2005 2.4% 0.62%
2004 2.9% 0.19%
2003 2.4% 0.88%
2002 5.2% 1.57%
2001 3.1% 2.58%
2000 0% 3.04%
1999 0.4% 1.16%
1998 20.6% 1.4%
1997 33.2% 1.19%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/finland | CC BY

Over the past 29 years, Albania has recorded an average annual inflation rate of 4.2%, compared with 1.78% in Finland. In 2025, inflation was 2.2% in Albania and 0.34% in Finland.

Top exports between countries

Albania
Export category Export value
Transport & tourism services $6.59M
Metals $2.08M
Business & finance services $324K
Textiles & consumer goods $260K
IT & IP services $108K
Raw agricultural goods $82K
Chemicals & pharma $70K
Wood & paper products $69K
Machinery & equipment $32K
Raw materials & minerals $22K
Finland
Export category Export value
Wood & paper products $3.58M
Machinery & equipment $1.56M
Textiles & consumer goods $227K
Processed food, beverages & tobacco $222K
Precious metals & jewellery $221K
Metals $183K
Raw materials & minerals $139K
Animal & marine products $126K
Chemicals & pharma $60K
Weapons & explosives $24K

Balance of trade

Albania Finland
Current account balance
-$161M
2025
$4.23B
2025
Current account balance ranking
86/190
2025
33/190
2025
Current account balance, % of GDP
-0.53%
2025
+1.34%
2025
Goods imports
$8.52B
2025
$81.3B
2025
Goods exports
$1.76B
2025
$90.7B
2025
Service imports
$4.55B
2025
$48.9B
2025
Service exports
$9.66B
2025
$43.6B
2025
Imports of goods and services, % of GDP
42.5%
2025
41.1%
2025
Exports of goods and services, % of GDP
37%
2025
42.3%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Albania Finland
Economic freedom 68 76.6
Economic freedom ranking 50/197 15/197
Property rights 57.6 99.9
Government integrity 41.9 95.4
Judicial effectiveness 59.9 96.4
Tax burden 89.3 68.4
Government spending 74.3 7.9
Fiscal health 88 76.3
Business freedom 76.6 85.3
Labor freedom 46.2 65.4
Monetary freedom 78.6 80.3
Trade freedom 83 79.4
Investment freedom 60 85
Financial freedom 60 80

Economic freedom comparison by year

Albania
Finland
1x
Year Economic freedom index
Albania Finland
2026 68 76.6
2025 66.6 77
2024 64.8 76.3
2023 65.3 77.1
2022 66.6 78.3
2021 65.2 76.1
2020 66.9 75.7
2019 66.5 74.9
2018 64.5 74.1
2017 64.4 74
2016 65.9 72.6
2015 65.7 73.4
2014 66.9 73.4
2013 65.2 74
2012 65.1 72.3
2011 64 74
2010 66 73.8
2009 63.7 74.5
2008 62.4 74.6
2007 61.4 74
2006 60.3 72.9
2005 57.8 71
2004 58.5 73.4
2003 56.8 73.7
2002 56.8 73.6
2001 56.6 69.7
2000 53.6 64.3
1999 53.4 63.9
1998 53.9 63.5
1997 54.8 65.2
1996 53.8 63.7
1995 49.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/albania/finland | CC BY

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 76.6 for Finland, ranking 15/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Finland
Services, % of GDP
49.7%
2025
62.1%
2025
Industry, % of GDP
21.8%
2025
22.5%
2025
Agriculture, forestry, and fishing, % of GDP
14.8%
2025
2.61%
2025
GNI, Atlas method
$28.3B
2025
$312B
2025
GNI per capita, PPP
$28,170
2025
$66,300
2025
Total reserves including gold
$8.6B
2025
$22.5B
2025
Total reserves ranking
86/177
2025
64/177
2025
Net foreign direct investment
-$1.51B
2025
$6.97B
2025
Net inflows of foreign direct investment
$1.71B
2024
$8.74B
2024
Net outflows of foreign direct investment
$261M
2024
$12.5B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
19.7%
2022
12.2%
2022
Gross capital formation, % of GDP
25%
2024
21.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/albania/finland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.