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Economy of Australia vs Ecuador compared: GDP & Debt

Updated on by Georank

Australia has a GDP of $1.8T compared to $130B for Ecuador, ranking 15/197 and 64/197 by economy size, respectively.

Australia has $918B in government debt (51% of GDP), compared to $70.9B (54.4% of GDP) in Ecuador.

Australia vs Ecuador GDP by year

Australia
Ecuador
1x
Year GDP, current $
Australia Ecuador
2025 $1,798,518,933,689 $130,320,560,400
2024 $1,757,022,451,653 $123,802,374,000
2023 $1,734,451,264,656 $120,792,801,000
2022 $1,695,627,535,476 $116,133,121,000
2021 $1,560,617,493,203 $107,179,074,000
2020 $1,333,336,461,648 $95,865,473,000
2019 $1,398,349,602,956 $107,595,830,000
2018 $1,433,144,978,762 $107,478,961,000
2017 $1,330,890,554,614 $104,467,486,000
2016 $1,211,588,128,418 $97,671,433,000
2015 $1,356,805,839,936 $97,209,558,000
2014 $1,474,677,007,566 $102,717,794,000
2013 $1,583,737,461,925 $96,570,334,000
2012 $1,552,728,401,402 $87,735,048,000
2011 $1,402,939,868,653 $78,986,648,000
2010 $1,152,566,632,022 $68,151,329,000
2009 $931,761,689,771 $60,094,978,000
2008 $1,058,448,244,064 $61,139,438,000
2007 $856,603,595,823 $49,848,725,000
2006 $749,708,370,333 $45,690,762,000
2005 $696,811,489,613 $40,278,849,000
2004 $615,643,050,221 $35,194,947,000
2003 $468,517,181,130 $30,965,208,000
2002 $396,436,967,263 $27,054,197,000
2001 $380,360,222,861 $23,127,055,000
2000 $416,901,962,163 $17,539,454,727
1999 $390,347,787,943 $19,645,272,636
1998 $400,361,527,505 $27,981,896,948
1997 $436,321,902,767 $28,162,053,027
1996 $401,962,517,479 $25,226,393,197
1995 $368,725,126,225 $24,432,884,442
1994 $323,269,456,935 $22,708,673,337
1993 $312,568,858,910 $18,938,717,359
1992 $325,982,966,981 $18,094,238,119
1991 $326,416,407,861 $16,988,535,268
1990 $311,840,666,465 $15,239,272,612
1989 $300,264,309,002 $13,890,823,705
1988 $236,461,079,970 $13,051,881,851
1987 $189,726,707,253 $13,945,426,859
1986 $182,707,050,923 $15,314,138,472
1985 $180,861,108,959 $17,149,088,413
1984 $193,749,932,078 $16,912,509,092
1983 $177,523,719,680 $17,152,477,037
1982 $194,323,071,831 $19,929,846,396
1981 $177,151,979,566 $21,810,759,354
1980 $150,200,557,103 $17,881,508,242
1979 $135,093,718,051 $14,175,160,902
1978 $118,660,813,780 $11,922,497,876
1977 $110,504,702,914 $11,026,342,618
1976 $105,209,354,856 $9,091,921,030
1975 $97,440,939,506 $7,731,674,472
1974 $89,086,219,602 $6,599,257,044
1973 $63,923,126,201 $3,891,754,150
1972 $52,117,990,654 $3,185,986,087
1971 $45,283,847,245 $2,754,219,271
1970 $41,395,206,623 $2,862,503,139
1969 $36,738,245,878 $3,112,165,727
1968 $32,763,365,242 $2,582,179,864
1967 $30,487,524,878 $2,553,595,172
1966 $27,349,284,376 $2,429,308,639
1965 $26,014,244,162 $2,387,047,396
1964 $23,835,843,814 $2,244,146,103
1963 $21,573,443,452 $1,824,343,871
1962 $19,953,923,193 $1,518,207,703
1961 $19,713,123,154 $1,753,850,955
1960 $18,635,682,982 $2,069,464,937

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

GeoRank.org/economy/australia/ecuador | CC BY

GDP per capita in Australia vs Ecuador by year

Australia
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Australia Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $65,130 - $7,125 -
2024 $64,610 $72,111 $6,827 $15,840
2023 $65,058 $72,273 $6,718 $15,919
2022 $65,170 $66,103 $6,516 $15,198
2021 $60,759 $58,327 $6,061 $13,507
2020 $51,983 $54,184 $5,464 $11,527
2019 $55,195 $52,886 $6,205 $12,543
2018 $57,410 $50,371 $6,304 $12,187
2017 $54,118 $48,565 $6,233 $11,793
2016 $50,084 $47,446 $5,918 $10,881
2015 $56,970 $46,465 $5,976 $10,878
2014 $62,817 $47,109 $6,406 $11,836
2013 $68,477 $46,123 $6,109 $11,296
2012 $68,301 $43,007 $5,634 $10,245
2011 $62,799 $42,153 $5,154 $9,769
2010 $52,314 $39,504 $4,520 $8,969
2009 $42,955 $40,434 $4,053 $8,662
2008 $49,811 $37,616 $4,195 $8,663
2007 $41,128 $36,708 $3,479 $8,112
2006 $36,659 $34,890 $3,244 $7,885
2005 $34,535 $33,090 $2,909 $7,457
2004 $30,886 $31,815 $2,586 $6,980
2003 $23,758 $30,167 $2,316 $6,475
2002 $20,335 $29,080 $2,059 $6,282
2001 $19,734 $27,688 $1,791 $5,999
2000 $21,909 $26,585 $1,382 $5,728
1999 $20,750 $25,531 $1,575 $5,638
1998 $21,516 $24,386 $2,284 $5,940
1997 $23,683 $23,142 $2,341 $5,793
1996 $22,056 $22,134 $2,136 $5,560
1995 $20,479 $21,050 $2,108 $5,469
1994 $18,156 $20,174 $1,997 $5,339
1993 $17,725 $19,220 $1,698 $5,112
1992 $18,650 $18,259 $1,655 $4,998
1991 $18,885 $17,839 $1,587 $4,887
1990 $18,274 $17,385 $1,455 $4,632
1989 $17,858 - $1,356 -
1988 $14,303 - $1,304 -
1987 $11,666 - $1,426 -
1986 $11,406 - $1,604 -
1985 $11,455 - $1,842 -
1984 $12,436 - $1,864 -
1983 $11,532 - $1,940 -
1982 $12,798 - $2,314 -
1981 $11,871 - $2,601 -
1980 $10,223 - $2,190 -
1979 $9,308 - $1,783 -
1978 $8,264 - $1,541 -
1977 $7,786 - $1,465 -
1976 $7,497 - $1,242 -
1975 $7,014 - $1,086 -
1974 $6,492 - $954 -
1973 $4,778 - $579 -
1972 $3,955 - $488 -
1971 $3,500 - $434 -
1970 $3,310 - $465 -
1969 $2,996 - $521 -
1968 $2,728 - $445 -
1967 $2,584 - $454 -
1966 $2,347 - $445 -
1965 $2,284 - $450 -
1964 $2,134 - $436 -
1963 $1,970 - $365 -
1962 $1,858 - $312 -
1961 $1,880 - $371 -
1960 $1,813 - $451 -

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

GeoRank.org/economy/australia/ecuador | CC BY

Australia's GDP per capita is $65,130, ranking 14/197, compared to $7,125 in Ecuador, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Australia ranks 22nd at $72,111, while Ecuador ranks 110th at $15,840.

Economic indicators

Australia Ecuador
Gross domestic product
$1.8T
2025
$130B
2025
GDP rank
15/197
2025
64/197
2025
GDP growth
1.35%
2024-2025
3.73%
2024-2025
GDP per capita
$65,130
2025
$7,125
2025
GDP per capita rank
14/197
2025
102/197
2025
GDP per capita, PPP
$72,111
2024
$15,840
2024
GDP per capita PPP rank
22/197
2024
110/197
2024
Government debt
$918B
2025
$70.9B
2025
Debt-to-GDP ratio
51%
2025
54.4%
2025
Government debt per person
$33,239
2025
$3,877
2025
Government debt per person rank
22/185
2025
94/185
2025
Average annual personal income after taxes
$50,637
2026
$6,605
2026
Market capitalization of domestic companies
$2.05T
2025
$747M
2000
Number of millionaires
1,634,000
2026
n/a
Number of billionaires
47
2026
n/a
Income share by richest 10%
25.9%
2020
35.1%
2025
Income share by poorest 10%
2.6%
2020
1.7%
2025
Government expenditure, % of GDP
39.5%
2025
38.4%
2025
Consumer prices inflation
2.87%
2024-2025
0.71%
2024-2025
Central bank interest rate
4.35%
2026
n/a
Unemployment rate
4.2%
2025
3.23%
2025
Population
28010980
18524711

Spending and national debt comparison by year

Australia
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Australia Ecuador
Government spending Government debt Government spending Government debt
2025 39.5% 51% 38.4% 54.4%
2024 38.7% 50.6% 38.3% 54.1%
2023 37.4% 49.4% 39.6% 54.5%
2022 37.4% 50% 38.9% 57.2%
2021 41.7% 55.4% 37.5% 61.8%
2020 44.3% 56.9% 40.2% 63.6%
2019 38.8% 46.5% 39.8% 52.1%
2018 36.7% 41.6% 40.9% 49.5%
2017 36.6% 41% 40.5% 47.4%
2016 37.1% 40.5% 44.1% 46.1%
2015 37.1% 37.6% 44.1% 36.4%
2014 36.6% 33.9% 45.9% 28.2%
2013 36.2% 30.3% 46.7% 23.4%
2012 36.4% 27.4% 43.2% 19.3%
2011 36.2% 24% 39.6% 18.6%
2010 36.8% 20.3% 35.4% 18.4%
2009 37.6% 16.6% 34.3% 19.7%
2008 35% 11.7% 35.6% 24.9%
2007 34.2% 9.65% 24.7% 29.6%
2006 34.5% 9.92% 21.7% 33.1%
2005 34.5% 10.8% 22% 35.8%
2004 34.8% 11.9% 21.3% 40.2%
2003 34.9% 13.2% 21.3% 47.2%
2002 34.9% 15% 22.8% 55%
2001 35.6% 17.1% 21.4% 63.8%
2000 35.1% 19.5% 24.3% 92.2%
1999 36.2% 22.5% 24.1% 105.2%
1998 34.6% 23.7% 21.5% 70.3%
1997 32.8% 25.9% 22% 61.5%
1996 33.5% 29.3% 22.7% 69.3%
1995 33.6% 31.1% 22% 70.5%
1994 33.7% 31.7% - -
1993 34.1% 30.6% - -
1992 34% 27.6% - -
1991 33% 21.6% - -
1990 30.4% 16.4% - -
1989 34.5% 17% - -
1988 34.6% 20.5% - -
1987 36% 25.2% - -
1986 38.4% 25.5% - -
1985 38.7% 24% - -
1984 38.4% 22.3% - -
1983 37% 21% - -
1982 36.7% 16.8% - -
1981 33.4% 19.1% - -
1980 33.2% 21.2% - -
1979 32.5% 22.8% - -
1978 33.2% 24.7% - -
1977 34.1% 23.6% - -
1976 33.3% 22.9% - -
1975 33% 23.6% - -
1974 30.9% 22.3% - -
1973 26.6% 27.3% - -
1972 27% 30.7% - -
1971 26.1% 32.2% - -
1970 25.3% 34.9% - -
1969 24.7% 36.7% - -
1968 25.3% 39.4% - -
1967 26.4% 40.5% - -
1966 25.6% 42.4% - -
1965 25.8% 43.7% - -
1964 23.5% 44.9% - -
1963 23% 47.5% - -
1962 22.7% 50.2% - -
1961 23.3% 49.3% - -
1960 21.8% 48.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

GeoRank.org/economy/australia/ecuador | CC BY

In 2025, Australia's government spending was $710B, accounting for 39.5% of its GDP, while Ecuador spent $50B, or 38.4% of GDP.

Debt-to-GDP ratio is 51% in Australia and 54.4% in Ecuador, ranking 104/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Australia

Ecuador
1x
Year Deficit/surplus, % of GDP
Australia Ecuador
2025 -2.78% -2.88%
2024 -2.25% -1.28%
2023 -1.26% -3.49%
2022 -2.21% 0.04%
2021 -6.35% -1.59%
2020 -8.7% -7.38%
2019 -4.39% -3.47%
2018 -1.25% -2.8%
2017 -1.71% -5.77%
2016 -2.41% -10.3%
2015 -2.78% -6.87%
2014 -2.91% -8.11%
2013 -2.8% -8.17%
2012 -3.5% -2.83%
2011 -4.51% -0.13%
2010 -5.1% -1.39%
2009 -4.55% -3.71%
2008 -1.1% 0.57%
2007 1.47% 2.66%
2006 1.77% 2.92%
2005 1.7% 0.66%
2004 1.32% 1.94%
2003 1.05% 1.05%
2002 0.19% 0.74%
2001 -0.03% 0.03%
2000 1.25% -0.32%
1999 0.66% -4.82%
1998 -0.25% -5.1%
1997 -0.49% -2.83%
1996 -1.45% -3.44%
1995 -2.6% -2.02%
1994 -3.79% -
1993 -4.72% -
1992 -4.74% -
1991 -2.78% -
1990 -0.23% -
1989 -1.29% -
1988 -0.77% -
1987 -1.66% -
1986 -3.5% -
1985 -5.24% -
1984 -5.48% -
1983 -5.66% -
1982 -5.19% -
1981 -3.25% -
1980 -2.87% -
1979 -2.32% -
1978 -4.19% -
1977 -4.39% -
1976 -3.44% -
1975 -3.47% -
1974 -2.46% -
1973 0.16% -
1972 -0.97% -
1971 -0.23% -
1970 -0.23% -
1969 0.53% -
1968 -0.7% -
1967 -1.65% -
1966 -1.77% -
1965 -1.46% -
1964 0.19% -
1963 -0.26% -
1962 -0.38% -
1961 -0.78% -
1960 0.47% -
1959 0.06% -
1958 -0.25% -
1957 -0.33% -
1956 1% -
1955 0.08% -
1954 -0.27% -
1953 -0.86% -
1952 -0.44% -
1951 1.85% -
1950 4.29% -
1949 0.72% -
1948 2% -
1947 -0.45% -
1946 -4.09% -
1945 -8.87% -
1944 -11.8% -
1943 -12.4% -
1942 -5.17% -
1941 -2.14% -
1940 0.51% -
1939 0.77% -
1938 0.24% -
1937 0.28% -
1936 0.17% -
1935 0.24% -
1934 0.28% -
1933 0.28% -
1932 0.02% -
1931 -0.8% -
1930 -1% -
1929 -0.53% -
1928 -0.69% -
1927 -0.5% -
1926 -0.31% -
1925 -0.26% -
1924 -0.5% -
1923 -0.33% -
1922 -0.94% -
1921 -2% -
1920 -2.43% -
1919 -4.8% -
1918 -4.36% -
1917 -4.99% -
1916 -3.47% -
1915 -1.11% -
1914 -0.29% -
1913 0% -
1912 0.12% -
1911 0.39% -
1910 0.39% -
1909 0.37% -
1908 -0.15% -
1907 0.41% -
1906 0.23% -
1905 0.11% -
1904 -0.13% -
1903 -0.02% -
1902 0.16% -
1901 1.46% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1901–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/australia/ecuador | CC BY

In 2025, Australia's government deficit, the difference between spending and revenue, was $50B, equivalent to 2.78% of GDP. This compares to Ecuador's deficit of $3.76B, or 2.88% of GDP.

Over the past 31 years, Australia recorded a fiscal deficit in 23 of those years, while Ecuador ran a deficit in 22 years. On average, Australia posted an annual deficit equal to 1.81% of GDP, compared to deficit of 2.52% of GDP for Ecuador.

Inflation comparison by year

Inflation
Australia

Ecuador
1x
Year Consumer prices inflation
Australia Ecuador
2025 2.87% 0.71%
2024 3.17% 1.55%
2023 5.6% 2.22%
2022 6.59% 3.47%
2021 2.86% 0.13%
2020 0.85% -0.34%
2019 1.61% 0.27%
2018 1.91% -0.22%
2017 1.95% 0.42%
2016 1.28% 1.73%
2015 1.51% 3.97%
2014 2.49% 3.59%
2013 2.45% 2.72%
2012 1.76% 5.1%
2011 3.3% 4.47%
2010 2.92% 3.55%
2009 1.77% 5.16%
2008 4.35% 8.4%
2007 2.33% 2.28%
2006 3.56% 3.3%
2005 2.69% 2.17%
2004 2.34% 2.74%
2003 2.73% 7.93%
2002 2.98% 12.5%
2001 4.41% 37.7%
2000 4.46% 96.1%
1999 1.48% 52.2%
1998 0.86% 36.1%
1997 0.22% 30.7%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/australia/ecuador | CC BY

Over the past 29 years, Australia has recorded an average annual inflation rate of 2.67%, compared with 11.4% in Ecuador. In 2025, inflation was 2.87% in Australia and 0.71% in Ecuador.

Top exports between countries

Australia
Export category Export value
Machinery & equipment $26.1M
Raw agricultural goods $10.6M
Chemicals & pharma $1.82M
Wood & paper products $1.31M
Processed food, beverages & tobacco $288K
Raw materials & minerals $226K
Metals $210K
Animal & marine products $53K
Precious metals & jewellery $21K
Textiles & consumer goods $21K
Ecuador
Export category Export value
Raw agricultural goods $11.2M
Processed food, beverages & tobacco $10.3M
Textiles & consumer goods $679K
Machinery & equipment $331K
Chemicals & pharma $243K
Animal & marine products $180K
Wood & paper products $52K
Miscellaneous $5K
Metals $3K
Precious metals & jewellery $2K

Balance of trade

Australia Ecuador
Current account balance
-$48.2B
2025
$7.7B
2025
Current account balance ranking
187/190
2025
28/190
2025
Current account balance, % of GDP
-2.68%
2025
+5.91%
2025
Goods imports
$309B
2025
$31.1B
2025
Goods exports
$337B
2025
$37.4B
2025
Service imports
$116B
2025
$6.22B
2025
Service exports
$91.6B
2025
$4.14B
2025
Imports of goods and services, % of GDP
22.7%
2025
27.9%
2025
Exports of goods and services, % of GDP
23.2%
2025
31.4%
2025

Economic freedom indices

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

Australia Ecuador
Economic freedom 80.1 55.6
Economic freedom ranking 5/197 127/197
Property rights 88.2 33.2
Government integrity 88.1 33
Judicial effectiveness 96.3 48.1
Tax burden 61.8 74.2
Government spending 56.6 54.9
Fiscal health 89 90.3
Business freedom 92.3 64.3
Labor freedom 61.5 56.9
Monetary freedom 77.2 76.3
Trade freedom 89.8 66.4
Investment freedom 80 30
Financial freedom 80 40

Economic freedom comparison by year

Australia
Ecuador
1x
Year Economic freedom index
Australia Ecuador
2026 80.1 55.6
2025 79.3 55.8
2024 76.2 55
2023 74.8 55
2022 77.7 54.3
2021 82.4 52.4
2020 82.6 51.3
2019 80.9 46.9
2018 80.9 48.5
2017 81 49.3
2016 80.3 48.6
2015 81.4 49.2
2014 82 48
2013 82.6 46.9
2012 83.1 48.3
2011 82.5 47.1
2010 82.6 49.3
2009 82.6 52.5
2008 82.2 55.2
2007 81.1 55.3
2006 79.9 54.6
2005 79 52.9
2004 77.9 54.4
2003 77.4 54.1
2002 77.3 53.1
2001 77.4 55.1
2000 77.1 59.8
1999 76.4 62.9
1998 75.6 62.8
1997 75.5 61
1996 74 60.1
1995 74.1 57.7

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

GeoRank.org/economy/australia/ecuador | CC BY

The Economic Freedom Index for Australia is 80.1, ranking 5/197, compared to 55.6 for Ecuador, ranking 127/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Australia Ecuador
Services, % of GDP
67.5%
2025
57%
2025
Industry, % of GDP
23.9%
2025
25.7%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
9.7%
2025
GNI, Atlas method
$1.77T
2025
$126B
2025
GNI per capita, PPP
$69,930
2025
$16,290
2025
Total reserves including gold
$72.6B
2025
$9.8B
2025
Total reserves ranking
37/177
2025
79/177
2025
Net foreign direct investment
-$41.1B
2025
-$1.3B
2025
Net inflows of foreign direct investment
$53.7B
2024
$446M
2024
Net outflows of foreign direct investment
$13.9B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
7.05%
2024
Poverty at national poverty lines n/a
21.4%
2025
Gross capital formation, % of GDP
24.5%
2025
20.9%
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/australia/ecuador | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1901–2000, 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)
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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.