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Economy of Algeria vs Mexico compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $1.86T for Mexico, ranking 51/197 and 13/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $1.08T (58.3% of GDP) in Mexico.

Algeria vs Mexico GDP by year

Algeria
Mexico
1x
Year GDP, current $
Algeria Mexico
2024 $269,322,281,665 $1,856,365,616,166
2023 $247,923,887,215 $1,798,317,581,487
2022 $225,581,644,703 $1,466,934,724,293
2021 $186,231,205,262 $1,316,569,466,686
2020 $164,873,415,325 $1,121,064,767,308
2019 $193,459,662,091 $1,304,106,203,902
2018 $194,554,483,656 $1,256,300,182,880
2017 $189,880,896,903 $1,190,721,475,906
2016 $180,763,839,522 $1,112,233,497,453
2015 $187,493,855,609 $1,213,294,467,717
2014 $238,942,664,193 $1,364,507,717,614
2013 $229,701,430,292 $1,327,436,290,283
2012 $227,143,746,076 $1,255,110,424,818
2011 $218,331,946,925 $1,229,013,703,417
2010 $177,785,053,940 $1,105,424,238,731
2009 $150,317,292,079 $943,437,415,025
2008 $180,383,848,331 $1,161,553,459,715
2007 $142,482,739,810 $1,102,355,554,972
2006 $123,084,258,693 $1,020,265,057,882
2005 $107,046,618,670 $917,571,853,529
2004 $91,913,680,985 $819,459,227,375
2003 $73,482,264,191 $765,549,967,703
2002 $61,516,103,406 $810,666,116,402
2001 $59,413,400,924 $796,064,590,549
2000 $54,790,398,570 $742,061,329,749
1999 $48,640,671,735 $631,249,359,702
1998 $48,187,781,984 $557,461,102,631
1997 $48,177,612,042 $523,449,530,464
1996 $46,941,554,225 $432,157,945,024
1995 $41,764,291,672 $380,157,469,867
1994 $42,543,176,829 $553,618,247,901
1993 $49,945,584,453 $530,160,763,663
1992 $48,003,133,347 $363,157,832,924
1991 $45,715,676,428 $313,139,656,146
1990 $62,048,507,531 $261,253,675,693
1989 $55,634,721,573 $221,403,098,267
1988 $59,089,396,860 $181,611,150,497
1987 $66,745,818,375 $147,542,558,209
1986 $63,692,007,897 $134,556,034,673
1985 $57,937,868,670 $195,241,069,482
1984 $53,698,548,293 $184,230,754,105
1983 $48,801,369,800 $156,167,000,433
1982 $45,207,167,470 $184,602,611,610
1981 $44,348,590,461 $263,797,827,860
1980 $42,345,829,079 $205,577,055,466
1979 $33,243,706,860 $134,531,900,899
1978 $26,364,491,313 $102,648,570,299
1977 $20,972,113,685 $81,912,018,784
1976 $17,728,240,932 $88,875,923,765
1975 $15,557,902,754 $88,000,000,000
1974 $13,209,871,626 $72,000,000,000
1973 $8,707,858,912 $55,280,000,000
1972 $6,766,743,957 $45,200,000,000
1971 $5,077,183,094 $39,200,000,000
1970 $4,863,526,897 $35,520,000,000
1969 $4,257,253,264 $32,480,000,000
1968 $3,852,147,027 $29,360,000,000
1967 $3,370,870,376 $26,560,000,000
1966 $3,039,859,187 $24,320,000,000
1965 $3,136,284,307 $21,840,000,000
1964 $2,909,316,435 $20,080,000,000
1963 $2,702,982,018 $16,960,000,000
1962 $2,001,444,544 $15,200,000,000
1961 $2,434,747,056 $14,160,000,000
1960 $2,723,615,451 $13,040,000,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/mexico | CC BY

GDP per capita in Algeria vs Mexico by year

Algeria
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $14,186 $26,185
2023 $5,370 $16,824 $13,861 $25,243
2022 $4,960 $15,836 $11,406 $23,135
2021 $4,161 $14,497 $10,314 $20,783
2020 $3,744 $12,677 $8,841 $19,354
2019 $4,468 $13,893 $10,370 $20,964
2018 $4,577 $13,727 $10,085 $20,921
2017 $4,555 $13,494 $9,649 $20,489
2016 $4,425 $13,438 $9,098 $20,105
2015 $4,685 $13,807 $10,021 $19,071
2014 $6,095 $14,694 $11,391 $18,821
2013 $5,980 $14,371 $11,217 $18,170
2012 $6,034 $14,441 $10,744 $18,005
2011 $5,916 $14,640 $10,664 $17,267
2010 $4,913 $14,201 $9,729 $15,909
2009 $4,235 $13,651 $8,424 $15,191
2008 $5,181 $13,666 $10,524 $15,681
2007 $4,167 $13,321 $10,134 $15,032
2006 $3,661 $12,791 $9,513 $14,540
2005 $3,233 $12,246 $8,672 $13,260
2004 $2,817 $11,432 $7,850 $12,658
2003 $2,284 $10,803 $7,434 $12,066
2002 $1,937 $10,080 $7,983 $11,762
2001 $1,896 $9,544 $7,953 $11,739
2000 $1,773 $9,187 $7,524 $11,705
1999 $1,596 $8,776 $6,500 $11,031
1998 $1,603 $8,503 $5,833 $10,756
1997 $1,629 $8,129 $5,567 $10,182
1996 $1,617 $8,053 $4,674 $9,496
1995 $1,467 $7,747 $4,184 $8,933
1994 $1,526 $7,463 $6,202 $9,466
1993 $1,831 $7,538 $6,048 $9,041
1992 $1,803 $7,705 $4,221 $9,470
1991 $1,759 $7,582 $3,709 $9,079
1990 $2,445 $7,602 $3,154 $8,578
1989 $2,247 - $2,725 -
1988 $2,451 - $2,279 -
1987 $2,847 - $1,888 -
1986 $2,800 - $1,757 -
1985 $2,633 - $2,602 -
1984 $2,524 - $2,506 -
1983 $2,374 - $2,170 -
1982 $2,275 - $2,621 -
1981 $2,307 - $3,829 -
1980 $2,276 - $3,055 -
1979 $1,843 - $2,049 -
1978 $1,506 - $1,604 -
1977 $1,232 - $1,315 -
1976 $1,080 - $1,465 -
1975 $992 - $1,492 -
1974 $873 - $1,256 -
1973 $590 - $993 -
1972 $469 - $837 -
1971 $360 - $748 -
1970 $353 - $699 -
1969 $316 - $660 -
1968 $292.4 - $616 -
1967 $261.8 - $576 -
1966 $241.4 - $545 -
1965 $253.6 - $506 -
1964 $238.9 - $481 -
1963 $225.6 - $420 -
1962 $169.6 - $388 -
1961 $209.4 - $374 -
1960 $238.4 - $355 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/mexico | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Mexico ranks 80th at $26,185.

Economic indicators

Algeria Mexico
Gross domestic product
$269B
2024
$1.86T
2024
GDP rank
51/197
2024
13/197
2024
GDP growth
3.7%
2023-2024
1.43%
2023-2024
GDP per capita
$5,753
2024
$14,186
2024
GDP per capita rank
114/197
2024
69/197
2024
GDP per capita, PPP
$17,621
2024
$26,185
2024
GDP per capita PPP rank
105/197
2024
80/197
2024
Government debt
$129B
2024
$1.08T
2024
Debt-to-GDP ratio
48.1%
2024
58.3%
2024
Government debt per person
$2,765
2024
$8,272
2024
Government debt per person rank
106/185
2024
63/185
2024
Average annual personal income after taxes
$3,787
2026
$10,231
2026
Market capitalization of domestic companies
$371M
2018
$418B
2024
Number of millionaires n/a
399,000
2025
Number of billionaires
1
2025
22
2025
Income share by richest 10%
22.9%
2011
34.4%
2022
Income share by poorest 10%
4%
2011
2.1%
2022
Government expenditure, % of GDP
36.8%
2024
30.3%
2024
Consumer prices inflation
4.05%
2023-2024
4.72%
2023-2024
Central bank interest rate
3%
2020
7%
2025
Unemployment rate
12%
2017
2.62%
2024
Population
48222325
133323134

Spending and national debt comparison by year

Algeria
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Algeria Mexico
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 30.3% 58.3%
2023 37.4% 47.7% 28.5% 52.6%
2022 32.7% 48.1% 28.5% 53.8%
2021 32.5% 55.1% 26.7% 56.7%
2020 37.5% 46% 27.8% 58.5%
2019 37.1% 40.9% 25.3% 51.9%
2018 36.2% 34.5% 25% 52.2%
2017 36.2% 24% 25% 52.5%
2016 37.2% 18.1% 26.5% 55%
2015 40.9% 7.73% 26.6% 51%
2014 36.9% 6.85% 26.9% 47.1%
2013 33.5% 6.48% 26.7% 44.1%
2012 40% 8.58% 27% 40.8%
2011 37.7% 8.48% 26.6% 41.2%
2010 35.1% 9.51% 26.5% 40.2%
2009 40.1% 8.92% 26.5% 41.7%
2008 37.3% 7.64% 26.5% 40.6%
2007 33.1% 12.8% 22.5% 35.5%
2006 27.8% 22.5% 21.6% 35.8%
2005 27.8% 25.4% 21.2% 36.8%
2004 27.1% 32.7% 20.5% 38.9%
2003 27% 38.2% 21.5% 42.1%
2002 32.5% 47.3% 19.8% 39.9%
2001 29.1% 50% 19.5% 37.3%
2000 26.4% 53.4% 19.4% 38.5%
1999 29.4% 69.7% 20.1% 41.7%
1998 28.7% 79.9% 19.5% 39.7%
1997 28.5% 79.6% 20.7% 39.1%
1996 26.9% 90.7% 20.8% 42.5%
1995 28.9% 95.9% 18.9% 30.7%
1994 30.9% 106.3% 18.9% 26.8%
1993 32.6% 76.8% 18.2% 19.2%
1992 28.2% 69.3% 19% 21.5%
1991 27.6% 86.1% 20.1% 29.2%
1990 23.3% 63.6% 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/algeria/mexico | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Mexico spent $563B, or 30.3% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 58.3% in Mexico, ranking 113/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Mexico
1x
Year Deficit/surplus, % of GDP
Algeria Mexico
2024 -13.8% -5.73%
2023 -5.52% -4.29%
2022 -2.96% -4.32%
2021 -6.32% -3.75%
2020 -10.5% -4.29%
2019 -8.51% -2.27%
2018 -6.15% -2.14%
2017 -7.55% -1.03%
2016 -11.8% -2.68%
2015 -13.9% -3.86%
2014 -7.14% -4.37%
2013 -0.79% -3.56%
2012 -4.04% -3.57%
2011 -1.06% -3.2%
2010 -1.35% -3.8%
2009 -6.53% -3.94%
2008 7.79% -0.68%
2007 4.63% -1.46%
2006 12.9% -1.23%
2005 11.4% -1.43%
2004 6.36% -1.35%
2003 7.22% -2.24%
2002 0.21% -2.18%
2001 3.15% -2.57%
2000 8.91% -2.69%
1999 -1.83% -4.49%
1998 -3.52% -4.49%
1997 2.19% -3.48%
1996 2.7% -3.66%
1995 -1.3% -2.28%
1994 -4.05% -2.25%
1993 -7.79% -1.51%
1992 -1.05% 2.26%
1991 1.53% 1.49%
1990 3.35% -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/algeria/mexico | CC BY

In 2024, Algeria's government deficit, the difference between spending and revenue, was $37.1B, equivalent to 13.8% of GDP. This compares to Mexico's deficit of $106B, or 5.73% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Mexico ran a deficit in 33 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 2.69% of GDP for Mexico.

Inflation comparison by year

Inflation
Algeria

Mexico
1x
Year Consumer prices inflation
Algeria Mexico
2024 4.05% 4.72%
2023 9.32% 5.53%
2022 9.27% 7.9%
2021 7.23% 5.69%
2020 2.42% 3.4%
2019 1.95% 3.64%
2018 4.27% 4.9%
2017 5.59% 6.04%
2016 6.4% 2.82%
2015 4.78% 2.72%
2014 2.92% 4.02%
2013 3.25% 3.81%
2012 8.89% 4.11%
2011 4.52% 3.41%
2010 3.91% 4.16%
2009 5.74% 5.3%
2008 4.86% 5.12%
2007 3.68% 3.97%
2006 2.31% 3.63%
2005 1.38% 3.99%
2004 3.96% 4.69%
2003 4.27% 4.55%
2002 1.42% 5.03%
2001 4.23% 6.37%
2000 0.34% 9.49%
1999 2.65% 16.6%
1998 4.95% 15.9%
1997 5.73% 20.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/mexico | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 6.15% in Mexico. In 2024, inflation was 4.05% in Algeria and 4.72% in Mexico.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $10.9M
Machinery & equipment $116K
Wood & paper products $25K
Precious metals & jewellery $1K
Mexico
Export category Export value
Raw agricultural goods $56.6M
Metals $5.77M
Machinery & equipment $4.28M
Chemicals & pharma $242K
Raw materials & minerals $152K

Balance of trade

Algeria Mexico
Current account balance
-$2.75B
2024
-$16.7B
2024
Current account balance ranking
154/190
2024
181/190
2024
Current account balance, % of GDP
-1.02%
2024
-0.9%
2024
Goods imports
$45.3B
2024
$637B
2024
Goods exports
$48.8B
2024
$618B
2024
Service imports
$9.13B
2024
$72B
2024
Service exports
$4.22B
2024
$63B
2024
Imports of goods and services, % of GDP
20.3%
2024
37.9%
2024
Exports of goods and services, % of GDP
19.9%
2024
36.7%
2024

Economic freedom indices

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

Algeria Mexico
Economic freedom 45.8 59.8
Economic freedom ranking 179/197 102/197
Property rights 27.7 37.6
Government integrity 29.4 28.8
Judicial effectiveness 30 40.4
Tax burden 80.3 75.4
Government spending 61.9 74.6
Fiscal health 15.4 56.7
Business freedom 59.3 67
Labor freedom 52.2 57.3
Monetary freedom 74.7 70.6
Trade freedom 58.8 74.2
Investment freedom 30 75
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Mexico
1x
Year Economic freedom index
Algeria Mexico
2026 45.8 59.8
2025 47.5 61.3
2024 43.9 62
2023 43.2 63.2
2022 45.8 63.7
2021 49.7 65.5
2020 46.9 66
2019 46.2 64.7
2018 44.7 64.8
2017 46.5 63.6
2016 50.1 65.2
2015 48.9 66.4
2014 50.8 66.8
2013 49.6 67
2012 51 65.3
2011 52.4 67.8
2010 56.9 68.3
2009 56.6 65.8
2008 56.2 66.2
2007 55.4 66
2006 55.7 64.7
2005 53.2 65.2
2004 58.1 66
2003 57.7 65.3
2002 61 63
2001 57.3 60.6
2000 56.8 59.3
1999 57.2 58.5
1998 55.8 57.9
1997 54.9 57.1
1996 54.5 61.2
1995 55.7 63.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/algeria/mexico | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Mexico
Services, % of GDP
46.8%
2024
58.1%
2024
Industry, % of GDP
36.2%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
3.72%
2024
GNI, Atlas method
$252B
2024
$1.68T
2024
GNI per capita, PPP
$17,290
2024
$25,460
2024
Total reserves including gold
$83B
2024
$232B
2024
Total reserves ranking
31/177
2024
16/177
2024
Net foreign direct investment
-$1.23B
2024
-$32.3B
2024
Net inflows of foreign direct investment
$1.23B
2024
$45.5B
2024
Net outflows of foreign direct investment
$265K
2024
$13B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
3.71%
2024
Poverty at national poverty lines
5.5%
2011
29.6%
2024
Gross capital formation, % of GDP
41.1%
2024
24.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/algeria/mexico | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2017–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.