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Economy of Angola vs Brazil compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $2.28T for Brazil, ranking 68/197 and 11/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $2.13T (93.3% of GDP) in Brazil.

Angola vs Brazil GDP by year

Angola
Brazil
1x
Year GDP, current $
Angola Brazil
2025 $122,174,889,424 $2,279,920,092,492
2024 $103,080,538,044 $2,185,821,610,689
2023 $106,042,349,567 $2,191,131,765,685
2022 $128,233,959,333 $1,951,923,942,083
2021 $78,283,923,544 $1,670,647,398,905
2020 $58,512,033,806 $1,476,107,231,310
2019 $81,193,813,808 $1,873,288,205,060
2018 $90,506,061,877 $1,916,933,898,011
2017 $85,629,598,654 $2,063,514,977,366
2016 $60,770,049,747 $1,795,693,482,853
2015 $102,543,067,841 $1,802,212,206,815
2014 $153,449,860,496 $2,456,043,727,199
2013 $148,845,200,696 $2,472,819,535,557
2012 $143,572,907,528 $2,465,227,802,807
2011 $125,551,634,705 $2,616,156,223,918
2010 $95,546,919,754 $2,208,837,745,101
2009 $81,705,175,409 $1,666,996,438,581
2008 $98,790,432,989 $1,695,855,083,498
2007 $73,037,821,926 $1,397,114,486,369
2006 $58,653,659,980 $1,107,626,541,435
2005 $41,396,636,384 $891,633,839,894
2004 $26,997,977,896 $669,289,424,806
2003 $20,342,128,112 $558,233,745,652
2002 $17,311,512,433 $509,795,273,807
2001 $8,936,079,118 $559,983,634,799
2000 $9,129,594,970 $655,448,231,984
1999 $6,152,923,310 $599,642,024,320
1998 $6,506,221,616 $863,710,759,256
1997 $7,648,380,196 $883,206,179,730
1996 $7,526,421,519 $850,426,432,992
1995 $5,538,749,260 $769,333,050,987
1994 $4,438,321,017 $525,369,467,296
1993 $5,768,720,422 $368,292,034,381
1992 $8,307,810,974 $328,191,909,882
1991 $10,603,784,541 $342,534,090,909
1990 $11,229,515,599 $384,959,818,182
1989 $10,201,780,977 $412,990,820,287
1988 $8,769,836,769 $307,881,930,752
1987 $8,084,412,414 $283,056,836,894
1986 $7,072,536,109 $256,480,852,471
1985 $7,554,065,410 $210,879,844,639
1984 $6,131,475,065 $188,339,974,087
1983 $5,784,341,596 $189,656,506,321
1982 $5,550,483,036 $271,314,113,768
1981 $5,550,483,036 $258,015,174,749
1980 $5,930,503,401 $237,393,489,893
1979 - $221,338,204,480
1978 - $200,278,646,124
1977 - $176,344,101,402
1976 - $153,168,949,208
1975 - $129,203,555,239
1974 - $109,794,519,728
1973 - $83,592,275,863
1972 - $58,434,858,375
1971 - $48,869,830,902
1970 - $42,327,664,794
1969 - $37,171,640,819
1968 - $33,930,457,425
1967 - $31,086,389,195
1966 - $28,283,323,733
1965 - $22,465,522,884
1964 - $20,963,733,695
1963 - $23,287,712,878
1962 - $19,231,747,852
1961 - $17,275,940,449
1960 - $17,030,465,539

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

GeoRank.org/economy/angola/brazil | CC BY

GDP per capita in Angola vs Brazil by year

Angola
GDP per capita

GDP per capita, PPP
Brazil
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Brazil
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $10,713 -
2024 $2,721 $10,119 $10,311 $22,338
2023 $2,886 $9,754 $10,378 $21,176
2022 $3,599 $9,588 $9,281 $19,877
2021 $2,267 $8,862 $7,973 $18,076
2020 $1,749 $7,827 $7,074 $16,102
2019 $2,508 $8,573 $9,030 $16,070
2018 $2,892 $8,278 $9,301 $15,464
2017 $2,832 $8,007 $10,081 $14,559
2016 $2,082 $7,767 $8,836 $14,309
2015 $3,642 $8,067 $8,936 $14,821
2014 $5,650 $9,018 $12,275 $15,827
2013 $5,689 $8,504 $12,459 $15,722
2012 $5,702 $8,246 $12,522 $15,198
2011 $5,184 $7,538 $13,397 $15,212
2010 $4,102 $7,412 $11,403 $14,452
2009 $3,645 $7,228 $8,679 $13,391
2008 $4,578 $7,316 $8,908 $13,445
2007 $3,515 $6,728 $7,410 $12,673
2006 $2,930 $6,018 $5,934 $11,751
2005 $2,146 $5,416 $4,828 $11,081
2004 $1,451 $4,771 $3,664 $10,526
2003 $1,134 $4,322 $3,091 $9,802
2002 $999 $4,241 $2,856 $9,617
2001 $534 $3,802 $3,176 $9,304
2000 $564 $3,690 $3,767 $9,092
1999 $393 $3,619 $3,494 $8,635
1998 $429 $3,609 $5,106 $8,599
1997 $522 $3,525 $5,299 $8,602
1996 $531 $3,342 $5,179 $8,301
1995 $404 $2,990 $4,757 $8,097
1994 $335 $2,633 $3,299 $7,727
1993 $450 $2,628 $2,349 $7,260
1992 $669 $3,486 $2,127 $6,869
1991 $882 $3,740 $2,258 $6,867
1990 $966 $3,705 $2,581 $6,688
1989 $908 - $2,819 -
1988 $807 - $2,141 -
1987 $770 - $2,006 -
1986 $698 - $1,854 -
1985 $772 - $1,556 -
1984 $650 - $1,420 -
1983 $637 - $1,461 -
1982 $634 - $2,138 -
1981 $658 - $2,080 -
1980 $729 - $1,959 -
1979 - - $1,870 -
1978 - - $1,733 -
1977 - - $1,562 -
1976 - - $1,390 -
1975 - - $1,201 -
1974 - - $1,045 -
1973 - - $815 -
1972 - - $583 -
1971 - - $500 -
1970 - - $444 -
1969 - - $399 -
1968 - - $374 -
1967 - - $351 -
1966 - - $328 -
1965 - - $268 -
1964 - - $257.3 -
1963 - - $294.2 -
1962 - - $250.2 -
1961 - - $231.6 -
1960 - - $235.3 -

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

GeoRank.org/economy/angola/brazil | CC BY

Angola's GDP per capita is $3,129, ranking 142/197, compared to $10,713 in Brazil, ranking 85/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Brazil ranks 88th at $22,338.

Economic indicators

Angola Brazil
Gross domestic product
$122B
2025
$2.28T
2025
GDP rank
68/197
2025
11/197
2025
GDP growth
3.13%
2024-2025
2.29%
2024-2025
GDP per capita
$3,129
2025
$10,713
2025
GDP per capita rank
142/197
2025
85/197
2025
GDP per capita, PPP
$10,119
2024
$22,338
2024
GDP per capita PPP rank
133/197
2024
88/197
2024
Government debt
$62.7B
2025
$2.13T
2025
Debt-to-GDP ratio
51.3%
2025
93.3%
2025
Government debt per person
$1,606
2025
$9,999
2025
Government debt per person rank
127/185
2025
60/185
2025
Average annual personal income after taxes
$2,550
2026
$6,555
2026
Market capitalization of domestic companies n/a
$871B
2025
Number of millionaires n/a
386,000
2026
Number of billionaires n/a
70
2026
Income share by richest 10%
39.6%
2018
39.3%
2024
Income share by poorest 10%
1.3%
2018
1.3%
2024
Government expenditure, % of GDP
18.9%
2025
47.4%
2025
Consumer prices inflation
20.2%
2024-2025
5%
2024-2025
Central bank interest rate
17.5%
2026
14.5%
2026
Unemployment rate
10.4%
2025
5.83%
2025
Population
40839390
213964342

Spending and national debt comparison by year

Angola
Spending

Debt
Brazil
Spending

Debt
1x
Year % of GDP
Angola Brazil
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 47.4% 93.3%
2024 19% 57.1% 45.5% 87%
2023 23.3% 75.7% 45.3% 84%
2022 24.8% 57.4% 43.4% 83.9%
2021 22.8% 75.5% 40.4% 88.9%
2020 24.4% 119.8% 46.2% 96%
2019 20.9% 100.8% 43% 87.1%
2018 17.8% 81.6% 44.2% 84.8%
2017 20.7% 59.6% 44.3% 82.7%
2016 19.1% 65.7% 45.5% 77.4%
2015 23.9% 50.4% 46.2% 71.7%
2014 32.3% 35.3% 41.4% 61.6%
2013 32.9% 29.5% 39.8% 59.6%
2012 33.2% 23.8% 39.3% 61.6%
2011 33.3% 26.3% 39.4% 60.6%
2010 34.6% 32.6% 39.5% 62.4%
2009 38.7% 48.4% 40.5% 64.7%
2008 47.2% 28.1% 39.9% 61.4%
2007 34.1% 18.8% 40.4% 63%
2006 27.3% 16.7% 42.6% 64.6%
2005 23.7% 29.9% 41.9% 67%
2004 26% 41.6% 39.7% 68%
2003 30.1% 50.8% 41.3% 71.5%
2002 27.6% 65.1% 44.5% 76.1%
2001 30.3% 100.2% 39.8% 67.3%
2000 35.8% 118.2% 34.5% 62.2%
1999 45.7% 104.8% 39.6% 44.5%
1998 30.3% 96.3% 40.9% 38.9%
1997 31.1% 73.5% 38.6% 31.8%
1996 29.3% 92% 38.2% 30.7%
1995 - - - 28%
1994 - - - 30%
1993 - - - 32.6%
1992 - - - 37.1%
1991 - - - 38.1%
1990 - - - 40.6%
1989 - - - 40.2%
1988 - - - 46.9%
1987 - - - 50.3%
1986 - - 11.7% 49.4%
1985 - - 11.1% 52.6%
1984 - - 10% 55.8%
1983 - - 9.7% 51.5%
1982 - - 8.1% 32.8%
1981 - - 7.8% 34.6%
1980 - - 6.8% 39.7%
1979 - - 9% 36.6%
1978 - - 10.2% 37%
1977 - - 10.4% 31%
1976 - - 10.6% 31.8%
1975 - - 10.7% 27.7%
1974 - - 10.5% 25.7%
1973 - - 11% 22.4%
1972 - - 12.6% 22.5%
1971 - - 11.7% 17.9%
1970 - - 11.4% 17%
1969 - - 11.2% 16.5%
1968 - - 14.4% 15.8%
1967 - - 13.5% 13.8%
1966 - - 14.6% 19.6%
1965 - - 14% 17.6%
1964 - - 25.4% 22.2%
1963 - - 22.8% 20.4%
1962 - - 23.1% 23.7%
1961 - - 12% 25.7%
1960 - - 13.7% 22.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

GeoRank.org/economy/angola/brazil | CC BY

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Brazil spent $1.08T, or 47.4% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 93.3% in Brazil, ranking 103/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Brazil
1x
Year Deficit/surplus, % of GDP
Angola Brazil
2025 -4.07% -8.07%
2024 -1.19% -6.17%
2023 -2.49% -7.71%
2022 1.78% -3.96%
2021 1.35% -2.63%
2020 -3.05% -11.6%
2019 -0.2% -4.86%
2018 2% -6.99%
2017 -5.68% -7.97%
2016 -3.93% -7.99%
2015 -2.58% -9.28%
2014 -5.08% -6.27%
2013 -0.28% -3.42%
2012 3.67% -2.35%
2011 7.17% -2.74%
2010 2.96% -3.55%
2009 -6.83% -4.23%
2008 -3.82% -2.39%
2007 3.81% -2.66%
2006 8.42% -4.87%
2005 6.4% -3.36%
2004 1.03% -2.95%
2003 -4.1% -5.4%
2002 -2.24% -4.15%
2001 2.8% -3.47%
2000 2.02% -3.32%
1999 -9.4% -5.17%
1998 -5.92% -7.22%
1997 -0.27% -5.6%
1996 5.22% -5.35%
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -1.6%
1985 - -1.3%
1984 - -0.4%
1983 - 0.1%
1982 - 1.4%
1981 - 1%
1980 - 2.5%
1979 - 0.4%
1978 - -0.1%
1977 - 0.1%
1976 - 0.1%
1975 - 0%
1974 - 0.6%
1973 - 0.1%
1972 - -0.1%
1971 - -0.3%
1970 - -0.4%
1969 - -0.6%
1968 - -1.6%
1967 - -2.1%
1966 - -1.3%
1965 - -2%
1964 - -8.79%
1963 - -5.78%
1962 - -6.82%
1961 - -2.93%
1960 - -3.85%
1959 - -0.18%
1958 - -0.76%
1957 - -0.29%
1956 - -0.14%
1955 - -0.62%
1954 - -0.49%
1953 - -1.26%
1952 - 0.64%
1951 - 0.87%
1950 - -1.58%
1949 - -1.22%
1948 - 0.002%
1947 - 0.25%
1946 - -1.78%
1945 - -2.87%
1944 - -2.37%
1943 - -0.75%
1942 - -2.55%
1941 - -2.15%
1940 - -1.13%
1939 - -1.2%
1938 - -0.59%
1937 - -1.62%
1936 - -0.27%
1935 - -0.5%
1934 - -2.28%
1933 - -1.56%
1932 - -6.47%
1931 - -1.56%
1930 - -3.58%
1929 - -0.09%
1928 - 0.57%
1927 - 0.12%
1926 - -0.76%
1925 - -0.07%
1924 - -0.45%
1923 - -1.94%
1922 - -3.8%
1921 - -2.98%
1920 - -3.11%
1919 - -3.69%
1918 - -4.51%
1917 - -4.8%
1916 - -4.35%
1915 - -6.33%
1914 - -7.32%
1913 - -1.91%
1912 - -3.05%
1911 - -2.15%
1910 - -2.06%
1909 - -1.62%
1908 - -1.89%
1907 - 0.38%
1906 - 0.28%
1905 - 0.96%
1904 - -0.62%
1903 - 1.79%
1902 - 1.59%
1901 - -2.46%
1900 - -5.57%
1899 - -2.13%
1898 - -14%
1897 - -2.38%
1896 - -0.79%
1895 - -1.33%
1894 - -4.11%
1893 - -1.77%
1892 - -2.6%
1891 - 0.51%
1890 - -3.02%
1889 - -3.79%
1888 - 0.63%
1887 - -0.76%
1886 - -3.8%
1885 - -5.71%
1884 - -3.89%
1883 - -3.33%
1882 - -1.58%
1881 - -1.9%
1880 - -4.84%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/brazil | CC BY

In 2025, Angola's government deficit, the difference between spending and revenue, was $4.97B, equivalent to 4.07% of GDP. This compares to Brazil's deficit of $184B, or 8.07% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Brazil ran a deficit in 30 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 5.19% of GDP for Brazil.

Inflation comparison by year

Inflation
Angola

Brazil
1x
Year Consumer prices inflation
Angola Brazil
2025 20.2% 5%
2024 28.2% 4.4%
2023 13.6% 4.6%
2022 21.4% 9.3%
2021 25.8% 8.3%
2020 22.3% 3.2%
2019 17.1% 3.7%
2018 19.6% 3.7%
2017 29.8% 3.4%
2016 30.7% 8.7%
2015 9.2% 9%
2014 7.3% 6.3%
2013 8.8% 6.2%
2012 10.3% 5.4%
2011 13.5% 6.6%
2010 14.5% 5%
2009 13.7% 4.9%
2008 12.5% 5.7%
2007 12.2% 3.6%
2006 13.3% 4.2%
2005 23% 6.9%
2004 43.5% 6.6%
2003 98.2% 14.7%
2002 108.9% 8.4%
2001 152.6% 6.8%
2000 325% 7%
1999 248.2% 4.9%
1998 107.4% 3.2%
1997 221.5% 6.9%

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

GeoRank.org/economy/angola/brazil | CC BY

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 6.09% in Brazil. In 2025, inflation was 20.2% in Angola and 5% in Brazil.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $1.12B
Machinery & equipment $2.01M
Textiles & consumer goods $115K
Animal & marine products $75K
Chemicals & pharma $44K
Processed food, beverages & tobacco $20K
Metals $17K
Raw agricultural goods $8K
Wood & paper products $3K
Precious metals & jewellery $2K
Brazil
Export category Export value
Animal & marine products $199M
Processed food, beverages & tobacco $161M
Metals $86.2M
Machinery & equipment $73.9M
Textiles & consumer goods $21.8M
Chemicals & pharma $18.4M
Raw materials & minerals $13.7M
Raw agricultural goods $10.8M
Wood & paper products $5.98M
Weapons & explosives $1.35M

Balance of trade

Angola Brazil
Current account balance
$536M
2025
-$66.7B
2025
Current account balance ranking
57/190
2025
188/190
2025
Current account balance, % of GDP
+0.44%
2025
-2.93%
2025
Goods imports
$15.5B
2025
$291B
2025
Goods exports
$30.6B
2025
$351B
2025
Service imports
$8.51B
2025
$105B
2025
Service exports
$118M
2025
$54.4B
2025
Imports of goods and services, % of GDP
11.7%
2025
17.5%
2025
Exports of goods and services, % of GDP
23%
2025
17.8%
2025

Economic freedom indices

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

Angola Brazil
Economic freedom 54.4 52.4
Economic freedom ranking 133/197 148/197
Property rights 36.9 49.2
Government integrity 28.3 37.2
Judicial effectiveness 26.3 55.6
Tax burden 86.9 70.6
Government spending 89.3 39.8
Fiscal health 91.9 28
Business freedom 42.8 65.7
Labor freedom 50.8 57
Monetary freedom 59 76
Trade freedom 70.4 69
Investment freedom 30 40
Financial freedom 40 40

Economic freedom comparison by year

Angola
Brazil
1x
Year Economic freedom index
Angola Brazil
2026 54.4 52.4
2025 55 55.1
2024 54.3 53.2
2023 53 53.5
2022 52.6 53.3
2021 54.2 53.4
2020 52.2 53.7
2019 50.6 51.9
2018 48.6 51.4
2017 48.5 52.9
2016 48.9 56.5
2015 47.9 56.6
2014 47.7 56.9
2013 47.3 57.7
2012 46.7 57.9
2011 46.2 56.3
2010 48.4 55.6
2009 47 56.7
2008 46.9 56.2
2007 44.7 56.2
2006 43.5 60.9
2005 - 61.7
2004 - 62
2003 - 63.4
2002 - 61.5
2001 - 61.9
2000 24.3 61.1
1999 23.7 61.3
1998 24.9 52.3
1997 24.2 52.6
1996 24.4 48.1
1995 27.4 51.4

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

GeoRank.org/economy/angola/brazil | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 52.4 for Brazil, ranking 148/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Brazil
Services, % of GDP
46.8%
2025
59.7%
2025
Industry, % of GDP
27.1%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
6.09%
2025
GNI, Atlas method
$112B
2025
$2.25T
2025
GNI per capita, PPP
$9,840
2025
$22,670
2025
Total reserves including gold
$13.5B
2025
$359B
2025
Total reserves ranking
75/177
2025
13/177
2025
Net foreign direct investment
-$1.02B
2025
-$47.5B
2025
Net inflows of foreign direct investment
-$1.11B
2024
$74.1B
2024
Net outflows of foreign direct investment
$33.1M
2024
$26.3B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
5.4%
2024
Poverty at national poverty lines
36.6%
2020
4.2%
2020
Gross capital formation, % of GDP
10.6%
2024
17.1%
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/angola/brazil | 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 (1880–2000, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, 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 (2024–2025, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. 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.