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Economy of Australia vs Ivory Coast compared: GDP & Debt

Updated on by Georank

Australia has a GDP of $1.8T compared to $99.8B for Ivory Coast, ranking 15/197 and 77/197 by economy size, respectively.

Australia has $918B in government debt (51% of GDP), compared to $56.2B (56.3% of GDP) in Ivory Coast.

Australia vs Ivory Coast GDP by year

Australia
Ivory Coast
1x
Year GDP, current $
Australia Ivory Coast
2025 $1,798,518,933,689 $99,773,555,666
2024 $1,757,022,451,653 $87,113,179,149
2023 $1,734,451,264,656 $80,780,312,569
2022 $1,695,627,535,476 $70,922,824,814
2021 $1,560,617,493,203 $72,794,636,654
2020 $1,333,336,461,648 $63,027,852,805
2019 $1,398,349,602,956 $60,382,894,697
2018 $1,433,144,978,762 $58,522,477,787
2017 $1,330,890,554,614 $52,512,343,997
2016 $1,211,588,128,418 $48,407,761,037
2015 $1,356,805,839,936 $45,815,005,169
2014 $1,474,677,007,566 $48,843,005,614
2013 $1,583,737,461,925 $42,760,235,485
2012 $1,552,728,401,402 $36,302,302,877
2011 $1,402,939,868,653 $36,693,710,801
2010 $1,152,566,632,022 $34,936,307,980
2009 $931,761,689,771 $33,886,813,250
2008 $1,058,448,244,064 $34,078,240,293
2007 $856,603,595,823 $28,760,090,953
2006 $749,708,370,333 $25,281,413,263
2005 $696,811,489,613 $24,036,918,703
2004 $615,643,050,221 $23,510,575,681
2003 $468,517,181,130 $21,251,754,340
2002 $396,436,967,263 $18,054,383,321
2001 $380,360,222,861 $16,810,537,044
2000 $416,901,962,163 $16,577,533,892
1999 $390,347,787,943 $18,870,992,456
1998 $400,361,527,505 $19,619,654,756
1997 $436,321,902,767 $18,047,558,038
1996 $401,962,517,479 $18,071,152,831
1995 $368,725,126,225 $11,000,146,267
1994 $323,269,456,935 $8,313,557,510
1993 $312,568,858,910 $11,045,760,288
1992 $325,982,966,981 $11,152,971,274
1991 $326,416,407,861 $10,492,628,581
1990 $311,840,666,465 $10,795,850,583
1989 $300,264,309,002 $9,757,410,645
1988 $236,461,079,970 $10,255,169,806
1987 $189,726,707,253 $10,087,654,465
1986 $182,707,050,923 $9,158,302,100
1985 $180,861,108,959 $6,977,650,644
1984 $193,749,932,078 $6,841,639,247
1983 $177,523,719,680 $6,838,184,773
1982 $194,323,071,831 $7,567,110,849
1981 $177,151,979,566 $8,432,589,942
1980 $150,200,557,103 $10,175,617,609
1979 $135,093,718,051 $9,142,933,967
1978 $118,660,813,780 $7,900,526,298
1977 $110,504,702,914 $6,265,068,189
1976 $105,209,354,856 $4,662,053,825
1975 $97,440,939,506 $3,893,839,190
1974 $89,086,219,602 $3,070,152,309
1973 $63,923,126,201 $2,508,421,426
1972 $52,117,990,654 $1,849,400,402
1971 $45,283,847,245 $1,584,128,509
1970 $41,395,206,623 $1,455,482,795
1969 $36,738,245,878 $1,361,360,293
1968 $32,763,365,242 $1,281,281,277
1967 $30,487,524,878 $1,082,922,725
1966 $27,349,284,376 $1,024,102,880
1965 $26,014,244,162 $919,771,229
1964 $23,835,843,814 $921,063,327
1963 $21,573,443,452 $761,047,198
1962 $19,953,923,193 $645,284,474
1961 $19,713,123,154 $618,245,634
1960 $18,635,682,982 $546,203,559

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

GeoRank.org/economy/australia/ivory-coast | CC BY

GDP per capita in Australia vs Ivory Coast by year

Australia
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Australia Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $65,130 - $3,050 -
2024 $64,610 $72,111 $2,728 $7,669
2023 $65,058 $72,273 $2,592 $7,237
2022 $65,170 $66,103 $2,333 $6,719
2021 $60,759 $58,327 $2,456 $6,045
2020 $51,983 $54,184 $2,180 $5,544
2019 $55,195 $52,886 $2,142 $5,516
2018 $57,410 $50,371 $2,131 $4,946
2017 $54,118 $48,565 $1,964 $4,690
2016 $50,084 $47,446 $1,863 $4,531
2015 $56,970 $46,465 $1,815 $4,404
2014 $62,817 $47,109 $1,991 $4,074
2013 $68,477 $46,123 $1,786 $3,619
2012 $68,301 $43,007 $1,547 $3,291
2011 $62,799 $42,153 $1,597 $3,176
2010 $52,314 $39,504 $1,554 $3,361
2009 $42,955 $40,434 $1,540 $3,177
2008 $49,811 $37,616 $1,584 $3,116
2007 $41,128 $36,708 $1,368 $2,985
2006 $36,659 $34,890 $1,230 $2,942
2005 $34,535 $33,090 $1,198 $2,842
2004 $30,886 $31,815 $1,200 $2,794
2003 $23,758 $30,167 $1,111 $2,702
2002 $20,335 $29,080 $968 $2,851
2001 $19,734 $27,688 $925 $2,962
2000 $21,909 $26,585 $937 $3,041
1999 $20,750 $25,531 $1,096 $3,065
1998 $21,516 $24,386 $1,177 $3,086
1997 $23,683 $23,142 $1,125 $3,040
1996 $22,056 $22,134 $1,170 $2,832
1995 $20,479 $21,050 $740 $2,683
1994 $18,156 $20,174 $582 $2,551
1993 $17,725 $19,220 $804 $2,577
1992 $18,650 $18,259 $845 $2,625
1991 $18,885 $17,839 $827 $2,677
1990 $18,274 $17,385 $886 $2,693
1989 $17,858 - $833 -
1988 $14,303 - $910 -
1987 $11,666 - $930 -
1986 $11,406 - $877 -
1985 $11,455 - $695 -
1984 $12,436 - $709 -
1983 $11,532 - $737 -
1982 $12,798 - $849 -
1981 $11,871 - $986 -
1980 $10,223 - $1,238 -
1979 $9,308 - $1,157 -
1978 $8,264 - $1,039 -
1977 $7,786 - $856 -
1976 $7,497 - $661 -
1975 $7,014 - $575 -
1974 $6,492 - $474 -
1973 $4,778 - $406 -
1972 $3,955 - $313 -
1971 $3,500 - $280.3 -
1970 $3,310 - $269 -
1969 $2,996 - $262.2 -
1968 $2,728 - $256.8 -
1967 $2,584 - $225.6 -
1966 $2,347 - $221.8 -
1965 $2,284 - $207 -
1964 $2,134 - $215.5 -
1963 $1,970 - $185.1 -
1962 $1,858 - $163.1 -
1961 $1,880 - $162.3 -
1960 $1,813 - $148.7 -

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

GeoRank.org/economy/australia/ivory-coast | CC BY

Australia's GDP per capita is $65,130, ranking 14/197, compared to $3,050 in Ivory Coast, ranking 145/197. Adjusted for purchasing power (GDP per capita PPP), Australia ranks 22nd at $72,111, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Australia Ivory Coast
Gross domestic product
$1.8T
2025
$99.8B
2025
GDP rank
15/197
2025
77/197
2025
GDP growth
1.35%
2024-2025
6.5%
2024-2025
GDP per capita
$65,130
2025
$3,050
2025
GDP per capita rank
14/197
2025
145/197
2025
GDP per capita, PPP
$72,111
2024
$7,669
2024
GDP per capita PPP rank
22/197
2024
145/197
2024
Government debt
$918B
2025
$56.2B
2025
Debt-to-GDP ratio
51%
2025
56.3%
2025
Government debt per person
$33,239
2025
$1,718
2025
Government debt per person rank
22/185
2025
124/185
2025
Average annual personal income after taxes
$50,637
2026
$2,667
2026
Market capitalization of domestic companies
$2.05T
2025
$7.33B
2020
Number of millionaires
1,634,000
2026
n/a
Number of billionaires
47
2026
n/a
Income share by richest 10%
25.9%
2020
27.8%
2021
Income share by poorest 10%
2.6%
2020
3.1%
2021
Government expenditure, % of GDP
39.5%
2025
20.2%
2025
Consumer prices inflation
2.87%
2024-2025
0.13%
2024-2025
Central bank interest rate
4.35%
2026
n/a
Unemployment rate
4.2%
2025
2.31%
2022
Population
28010980
33910252

Spending and national debt comparison by year

Australia
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Australia Ivory Coast
Government spending Government debt Government spending Government debt
2025 39.5% 51% 20.2% 56.3%
2024 38.7% 50.6% 20.4% 59.5%
2023 37.4% 49.4% 21% 56.7%
2022 37.4% 50% 21.9% 56%
2021 41.7% 55.4% 20.5% 50.2%
2020 44.3% 56.9% 20.4% 46.3%
2019 38.8% 46.5% 17.2% 37.2%
2018 36.7% 41.6% 17.6% 35.3%
2017 36.6% 41% 18.1% 32.6%
2016 37.1% 40.5% 17.6% 31.1%
2015 37.1% 37.6% 16.5% 29.2%
2014 36.6% 33.9% 15.2% 26.7%
2013 36.2% 30.3% 15.9% 24.6%
2012 36.4% 27.4% 16.1% 24.7%
2011 36.2% 24% 13.2% 50%
2010 36.8% 20.3% 14.5% 45.6%
2009 37.6% 16.6% 14.4% 46.5%
2008 35% 11.7% 14.6% 51.2%
2007 34.2% 9.65% 14.8% 53.5%
2006 34.5% 9.92% 14.5% 57.5%
2005 34.5% 10.8% 13.6% 58.2%
2004 34.8% 11.9% 13.5% 56.7%
2003 34.9% 13.2% 12.7% 56.4%
2002 34.9% 15% 13.1% 63%
2001 35.6% 17.1% 11.4% 71.2%
2000 35.1% 19.5% 12.9% 74%
1999 36.2% 22.5% 13.7% 78%
1998 34.6% 23.7% 14.6% 75.2%
1997 32.8% 25.9% 15.2% 84.2%
1996 33.5% 29.3% - -
1995 33.6% 31.1% - -
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 (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/australia/ivory-coast | CC BY

In 2025, Australia's government spending was $710B, accounting for 39.5% of its GDP, while Ivory Coast spent $20.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 51% in Australia and 56.3% in Ivory Coast, ranking 104/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Australia

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Australia Ivory Coast
2025 -2.78% -3%
2024 -2.25% -3.96%
2023 -1.26% -5.12%
2022 -2.21% -6.74%
2021 -6.35% -4.88%
2020 -8.7% -5.42%
2019 -4.39% -2.22%
2018 -1.25% -2.9%
2017 -1.71% -3.27%
2016 -2.41% -2.98%
2015 -2.78% -2.04%
2014 -2.91% -1.57%
2013 -2.8% -1.62%
2012 -3.5% -2.28%
2011 -4.51% -2.89%
2010 -5.1% -1.34%
2009 -4.55% -1%
2008 -1.1% -0.21%
2007 1.47% -0.39%
2006 1.77% -1.03%
2005 1.7% -1.03%
2004 1.32% -1.04%
2003 1.05% -1.26%
2002 0.19% -0.64%
2001 -0.03% 0.7%
2000 1.25% -0.83%
1999 0.66% -1.27%
1998 -0.25% -0.7%
1997 -0.49% -0.75%
1996 -1.45% -
1995 -2.6% -
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/ivory-coast | 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 Ivory Coast's deficit of $3B, or 3% of GDP.

Over the past 29 years, Australia recorded a fiscal deficit in 21 of those years, while Ivory Coast ran a deficit in 28 years. On average, Australia posted an annual deficit equal to 1.79% of GDP, compared to deficit of 2.13% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Australia

Ivory Coast
1x
Year Consumer prices inflation
Australia Ivory Coast
2025 2.87% 0.13%
2024 3.17% 3.45%
2023 5.6% 4.37%
2022 6.59% 5.23%
2021 2.86% 4.16%
2020 0.85% 2.41%
2019 1.61% 0.79%
2018 1.91% 0.4%
2017 1.95% 0.69%
2016 1.28% 0.72%
2015 1.51% 1.25%
2014 2.49% 0.45%
2013 2.45% 2.58%
2012 1.76% 1.3%
2011 3.3% 4.91%
2010 2.92% 1.23%
2009 1.77% 1.02%
2008 4.35% 6.31%
2007 2.33% 1.89%
2006 3.56% 2.47%
2005 2.69% 3.89%
2004 2.34% 1.46%
2003 2.73% 3.3%
2002 2.98% 3.08%
2001 4.41% 4.36%
2000 4.46% 2.53%
1999 1.48% 0.7%
1998 0.86% 4.61%
1997 0.22% 4.02%

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

GeoRank.org/economy/australia/ivory-coast | CC BY

Over the past 29 years, Australia has recorded an average annual inflation rate of 2.67%, compared with 2.54% in Ivory Coast. In 2025, inflation was 2.87% in Australia and 0.13% in Ivory Coast.

Top exports between countries

Australia
Export category Export value
Machinery & equipment $51.3M
Chemicals & pharma $8.45M
Metals $5.46M
Textiles & consumer goods $3.75M
Raw materials & minerals $2.59M
Processed food, beverages & tobacco $2.39M
Animal & marine products $1.12M
Wood & paper products $288K
Miscellaneous $251K
Raw agricultural goods $151K
Ivory Coast
Export category Export value
Processed food, beverages & tobacco $24.8M
Machinery & equipment $1.17M
Raw agricultural goods $383K
Raw materials & minerals $341K
Chemicals & pharma $199K
Textiles & consumer goods $11K
Metals $1K

Balance of trade

Australia Ivory Coast
Current account balance
-$48.2B
2025
-$3.89B
2024
Current account balance ranking
187/190
2025
156/190
2024
Current account balance, % of GDP
-2.68%
2025
-4.47%
2024
Goods imports
$309B
2025
$15.3B
2024
Goods exports
$337B
2025
$20.8B
2024
Service imports
$116B
2025
$6.63B
2024
Service exports
$91.6B
2025
$1.22B
2024
Imports of goods and services, % of GDP
22.7%
2025
24.8%
2025
Exports of goods and services, % of GDP
23.2%
2025
29.8%
2025

Economic freedom indices

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

Australia Ivory Coast
Economic freedom 80.1 58.1
Economic freedom ranking 5/197 111/197
Property rights 88.2 43.9
Government integrity 88.1 39.3
Judicial effectiveness 96.3 30.2
Tax burden 61.8 81.6
Government spending 56.6 86.6
Fiscal health 89 48
Business freedom 92.3 68.3
Labor freedom 61.5 57.1
Monetary freedom 77.2 67.6
Trade freedom 89.8 74.4
Investment freedom 80 50
Financial freedom 80 50

Economic freedom comparison by year

Australia
Ivory Coast
1x
Year Economic freedom index
Australia Ivory Coast
2026 80.1 58.1
2025 79.3 57.8
2024 76.2 58.4
2023 74.8 60.4
2022 77.7 61.6
2021 82.4 61.7
2020 82.6 59.7
2019 80.9 62.4
2018 80.9 62
2017 81 63
2016 80.3 60
2015 81.4 58.5
2014 82 57.7
2013 82.6 54.1
2012 83.1 54.3
2011 82.5 55.4
2010 82.6 54.1
2009 82.6 55
2008 82.2 53.9
2007 81.1 54.9
2006 79.9 56.2
2005 79 56.6
2004 77.9 57.8
2003 77.4 56.7
2002 77.3 57.3
2001 77.4 54.8
2000 77.1 50.2
1999 76.4 51.7
1998 75.6 51.3
1997 75.5 50.5
1996 74 49.9
1995 74.1 53.4

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

GeoRank.org/economy/australia/ivory-coast | CC BY

The Economic Freedom Index for Australia is 80.1, ranking 5/197, compared to 58.1 for Ivory Coast, ranking 111/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Australia Ivory Coast
Services, % of GDP
67.5%
2025
51.2%
2025
Industry, % of GDP
23.9%
2025
23.9%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
16.8%
2025
GNI, Atlas method
$1.77T
2025
$91B
2025
GNI per capita, PPP
$69,930
2025
$7,750
2025
Total reserves including gold
$72.6B
2025
n/a
Total reserves ranking
37/177
2025
n/a
Net foreign direct investment
-$41.1B
2025
-$2.89B
2024
Net inflows of foreign direct investment
$53.7B
2024
$3.12B
2024
Net outflows of foreign direct investment
$13.9B
2024
$228M
2024
Servicing debt to the IMF, % of GNI n/a
6.47%
2024
Poverty at national poverty lines n/a
37.5%
2021
Gross capital formation, % of GDP
24.5%
2025
19.3%
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/ivory-coast | 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 (1901–1989, 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.