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Economy of Austria vs Bosnia and Herzegovina compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $29.6B for Bosnia and Herzegovina, ranking 30/197 and 111/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $8.74B (29.5% of GDP) in Bosnia and Herzegovina.

Austria vs Bosnia and Herzegovina GDP by year

Austria
Bosnia and Herzegovina
1x
Year GDP, current $
Austria Bosnia
2024 $534,790,720,467 $29,613,572,023
2023 $516,670,509,629 $27,592,361,498
2022 $473,221,298,968 $24,534,663,636
2021 $480,466,363,177 $23,672,712,121
2020 $434,397,601,558 $20,226,038,370
2019 $442,983,642,372 $20,482,608,984
2018 $452,582,294,973 $20,484,058,033
2017 $414,926,138,133 $18,326,373,136
2016 $393,687,359,770 $17,116,926,554
2015 $379,546,097,301 $16,404,348,361
2014 $438,556,021,078 $18,558,734,107
2013 $426,580,502,769 $18,179,109,209
2012 $406,750,487,604 $17,226,735,996
2011 $428,954,737,064 $18,644,233,537
2010 $389,827,789,218 $17,176,315,804
2009 $399,290,118,782 $17,613,949,091
2008 $429,234,399,096 $19,112,796,623
2007 $386,760,177,589 $15,778,734,264
2006 $333,905,979,332 $12,864,841,906
2005 $313,952,317,331 $11,222,796,337
2004 $299,210,411,455 $10,156,541,221
2003 $260,779,834,340 $8,498,894,359
2002 $212,837,224,023 $6,728,220,983
2001 $196,477,206,829 $5,800,615,375
2000 $196,181,599,831 $5,567,772,769
1999 $216,421,809,126 $4,686,256,363
1998 $217,068,085,816 $4,116,774,301
1997 $211,724,812,267 $3,671,909,673
1996 $235,952,581,232 $2,786,045,322
1995 $240,094,169,510 $1,866,572,954
1994 $202,738,023,130 $1,255,802,469
1993 $189,634,029,339 $3,630,668,950
1992 $194,314,032,056 $4,735,044,707
1991 $173,113,449,617 $6,122,959,184
1990 $165,811,372,383 $7,753,478,261
1989 $132,584,448,258 -
1988 $132,817,124,707 -
1987 $123,682,091,859 -
1986 $98,648,254,169 -
1985 $69,114,996,010 -
1984 $67,719,055,773 -
1983 $71,838,528,420 -
1982 $70,996,111,963 -
1981 $70,755,997,062 -
1980 $81,737,498,405 -
1979 $73,647,694,287 -
1978 $61,809,208,756 -
1977 $51,343,861,460 -
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

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

GeoRank.org/economy/austria/bosnia-and-herzegovina | CC BY

GDP per capita in Austria vs Bosnia and Herzegovina by year

Austria
GDP per capita

GDP per capita, PPP
Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Bosnia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 $9,359 $25,043
2023 $56,580 $73,545 $8,663 $23,376
2022 $52,337 $72,065 $7,656 $21,651
2021 $53,649 $62,969 $7,295 $18,287
2020 $48,716 $58,523 $6,130 $16,370
2019 $49,886 $60,355 $6,122 $16,429
2018 $51,194 $56,636 $6,048 $14,859
2017 $47,164 $53,870 $5,345 $13,627
2016 $45,061 $52,398 $4,929 $12,899
2015 $43,915 $49,549 $4,662 $11,845
2014 $51,315 $48,355 $5,206 $11,168
2013 $50,305 $47,520 $5,035 $10,808
2012 $48,250 $46,156 $4,694 $10,121
2011 $51,117 $44,172 $4,983 $9,761
2010 $46,611 $41,735 $4,506 $9,086
2009 $47,857 $40,687 $4,540 $8,698
2008 $51,581 $41,047 $4,842 $8,587
2007 $46,623 $39,192 $3,931 $7,686
2006 $40,382 $37,388 $3,166 $6,869
2005 $38,157 $34,777 $2,740 $5,956
2004 $36,614 $33,519 $2,453 $5,407
2003 $32,110 $31,959 $2,034 $4,917
2002 $26,335 $30,952 $1,607 $4,665
2001 $24,430 $29,553 $1,388 $4,307
2000 $24,487 $29,221 $1,338 $4,148
1999 $27,079 $27,500 $1,135 $3,875
1998 $27,212 $26,531 $1,007 $3,524
1997 $26,572 $25,301 $914 $3,041
1996 $29,646 $24,427 $719 $2,269
1995 $30,207 $23,604 $502 $1,507
1994 $25,546 $22,553 $337 $1,269
1993 $23,987 $21,647 $930 $1,067
1992 $24,783 $21,209 $1,118 $982
1991 $22,323 $20,536 $1,373 $975
1990 $21,596 $19,396 $1,743 $1,043
1989 $17,401 - - -
1988 $17,510 - - -
1987 $16,329 - - -
1986 $13,032 - - -
1985 $9,136 - - -
1984 $8,956 - - -
1983 $9,500 - - -
1982 $9,373 - - -
1981 $9,348 - - -
1980 $10,827 - - -
1979 $9,755 - - -
1978 $8,173 - - -
1977 $6,784 - - -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

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

GeoRank.org/economy/austria/bosnia-and-herzegovina | CC BY

Austria's GDP per capita is $58,269, ranking 16/197, compared to $9,359 in Bosnia and Herzegovina, ranking 87/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Bosnia and Herzegovina ranks 83rd at $25,043.

Economic indicators

Austria Bosnia
Gross domestic product
$535B
2024
$29.6B
2024
GDP rank
30/197
2024
111/197
2024
GDP growth
-0.66%
2023-2024
2.97%
2023-2024
GDP per capita
$58,269
2024
$9,359
2024
GDP per capita rank
16/197
2024
87/197
2024
GDP per capita, PPP
$73,911
2024
$25,043
2024
GDP per capita PPP rank
19/197
2024
83/197
2024
Government debt
$432B
2024
$8.74B
2024
Debt-to-GDP ratio
80.8%
2024
29.5%
2024
Government debt per person
$47,075
2024
$2,763
2024
Government debt per person rank
10/185
2024
107/185
2024
Average annual personal income after taxes
$40,736
2026
$8,501
2026
Market capitalization of domestic companies
$121B
2024
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
24.8%
2023
25.1%
2011
Income share by poorest 10%
2.8%
2023
2.9%
2011
Government expenditure, % of GDP
56%
2024
43.3%
2024
Consumer prices inflation
2.94%
2023-2024
1.7%
2023-2024
Unemployment rate
5.16%
2024
10.7%
2024
Population
9163419
3116111

Spending and national debt comparison by year

Austria
Spending

Debt
Bosnia and Herzegovina
Spending

Debt
1x
Year % of GDP
Austria Bosnia
Government spending Government debt Government spending Government debt
2024 56% 80.8% 43.3% 29.5%
2023 52.7% 78.5% 41.7% 29%
2022 53% 78.4% 39.4% 31.2%
2021 56% 82.4% 40.6% 35.8%
2020 57.3% 83.2% 45.4% 37.2%
2019 49.1% 71% 39.9% 32.8%
2018 49.2% 74.6% 40.4% 34.5%
2017 49.8% 79.1% 40% 38.6%
2016 50.6% 83.4% 41.5% 44.9%
2015 51.2% 85.6% 42.7% 46.4%
2014 52.4% 85.2% 46.2% 47.1%
2013 52.4% 82.4% 44.5% 43.8%
2012 51.8% 82.9% 46.9% 43.6%
2011 51.3% 83.4% 46.4% 40.9%
2010 53.4% 83.7% 48.7% 42.2%
2009 54.6% 80.8% 49% 36.4%
2008 50.4% 69.5% 48.4% 30.3%
2007 49.7% 65.8% 45.2% 18.2%
2006 50.9% 68.2% 44.2% 20.6%
2005 51.7% 69.4% 44.5% 24.9%
2004 54.3% 65.9% 45.6% 25.5%
2003 51.8% 66.4% 47.3% 27.6%
2002 51.6% 67.4% 47.4% 31.1%
2001 51.8% 67.2% 50.2% 35.1%
2000 50.9% 66.1% 56.2% 34.6%
1999 50.5% 61.3% 57.5% 56%
1998 54.4% 69.2% 54.4% 54.4%
1997 52.5% 63.4% - -
1996 55.9% 68.2% - -
1995 56.1% 68.2% - -
1994 54.3% 64.1% - -
1993 54.3% 61% - -
1992 49.3% 56.3% - -
1991 47.9% 56.4% - -
1990 46.8% 56.2% - -
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/austria/bosnia-and-herzegovina | CC BY

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Bosnia and Herzegovina spent $12.8B, or 43.3% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 29.5% in Bosnia and Herzegovina, ranking 44/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Bosnia and Herzegovina
1x
Year Deficit/surplus, % of GDP
Austria Bosnia
2024 -4.64% -1.88%
2023 -2.62% -1.67%
2022 -3.31% 0.15%
2021 -5.69% -0.18%
2020 -8.2% -4.5%
2019 0.54% 1.37%
2018 0.2% 1.63%
2017 -0.78% 1.79%
2016 -1.45% 0.34%
2015 -0.48% -0.19%
2014 -1.92% -2.87%
2013 -1.99% -1.28%
2012 -2.18% -2.68%
2011 -2.48% -2.73%
2010 -4.46% -4.06%
2009 -5.38% -5.34%
2008 -1.57% -3.82%
2007 -1.56% 0.17%
2006 -2.61% 2.08%
2005 -2.59% 0.74%
2004 -4.94% -0.18%
2003 -1.84% -0.44%
2002 -1.43% -2.99%
2001 -0.71% -3.44%
2000 -2.07% -4.63%
1999 -2.63% -2.78%
1998 -2.68% -0.98%
1997 -2.38% -
1996 -4.38% -
1995 -6.17% -
1994 -5.04% -
1993 -4.57% -
1992 -2.15% -
1991 -2.96% -
1990 -2.58% -
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/bosnia-and-herzegovina | CC BY

In 2024, Austria's government deficit, the difference between spending and revenue, was $24.8B, equivalent to 4.64% of GDP. This compares to Bosnia and Herzegovina's deficit of $557M, or 1.88% of GDP.

Over the past 27 years, Austria recorded a fiscal deficit in 25 of those years, while Bosnia and Herzegovina ran a deficit in 19 years. On average, Austria posted an annual deficit equal to 2.57% of GDP, compared to deficit of 1.42% of GDP for Bosnia and Herzegovina.

Inflation comparison by year

Inflation
Austria

Bosnia and Herzegovina
1x
Year Consumer prices inflation
Austria Bosnia
2024 2.94% 1.7%
2023 7.81% 6.1%
2022 8.55% 14%
2021 2.77% 2%
2020 1.38% -1.1%
2019 1.53% 0.6%
2018 2% 1.4%
2017 2.08% 0.8%
2016 0.89% -1.6%
2015 0.9% -1%
2014 1.61% -0.9%
2013 2% -0.1%
2012 2.49% 2.1%
2011 3.29% 4%
2010 1.81% 2.1%
2009 0.51% -0.4%
2008 3.22% 7.4%
2007 2.17% 1.5%
2006 1.44% 6.1%
2005 2.3% 3.6%
2004 2.06% 0.3%
2003 1.36% 0.5%
2002 1.81% 0.3%
2001 2.65% 3.2%
2000 2.34% 5%
1999 0.57% 2.8%
1998 0.92% -0.3%
1997 1.31% 5.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/bosnia-and-herzegovina | CC BY

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 2.35% in Bosnia and Herzegovina. In 2024, inflation was 2.94% in Austria and 1.7% in Bosnia and Herzegovina.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $251M
Metals $142M
Chemicals & pharma $97M
Textiles & consumer goods $60.6M
Animal & marine products $44.2M
Wood & paper products $38.5M
Processed food, beverages & tobacco $32.9M
Raw materials & minerals $17.1M
Raw agricultural goods $4.79M
Precious metals & jewellery $2.16M
Bosnia
Export category Export value
Machinery & equipment $438M
Metals $192M
Textiles & consumer goods $117M
Transport & tourism services $99.7M
Raw materials & minerals $46M
Chemicals & pharma $33.4M
IT & IP services $31.9M
Wood & paper products $27.5M
Processed food, beverages & tobacco $10.3M
Raw agricultural goods $5.07M

Balance of trade

Austria Bosnia
Current account balance
$8.19B
2024
-$1.03B
2024
Current account balance ranking
25/190
2024
123/190
2024
Current account balance, % of GDP
+1.53%
2024
-3.47%
2024
Goods imports
$195B
2024
$14.8B
2024
Goods exports
$201B
2024
$8.36B
2024
Service imports
$90.5B
2024
$1.27B
2024
Service exports
$96.6B
2024
$3.74B
2024
Imports of goods and services, % of GDP
53.1%
2024
54.3%
2024
Exports of goods and services, % of GDP
55.7%
2024
40.9%
2024

Economic freedom indices

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

Austria Bosnia
Economic freedom 69.8 63.1
Economic freedom ranking 38/197 83/197
Property rights 95.7 46.9
Government integrity 75 36.8
Judicial effectiveness 94.8 36.1
Tax burden 45.7 93.9
Government spending 12.8 48.4
Fiscal health 67.1 96.2
Business freedom 78.7 65.1
Labor freedom 81.6 62.7
Monetary freedom 76.4 77.5
Trade freedom 79.4 69
Investment freedom 60 65
Financial freedom 70 60

Economic freedom comparison by year

Austria
Bosnia and Herzegovina
1x
Year Economic freedom index
Austria Bosnia
2026 69.8 63.1
2025 69.7 63.5
2024 68.4 62
2023 71.1 62.9
2022 73.8 63.4
2021 73.9 62.9
2020 73.3 62.6
2019 72 61.9
2018 71.8 61.4
2017 72.3 60.2
2016 71.7 58.6
2015 71.2 59
2014 72.4 58.4
2013 71.8 57.3
2012 70.3 57.3
2011 71.9 57.5
2010 71.6 56.2
2009 71.2 53.1
2008 71.4 53.9
2007 71.6 54.4
2006 71.1 55.6
2005 68.8 48.8
2004 67.6 44.7
2003 67.6 40.6
2002 67.4 37.4
2001 68.1 36.6
2000 68.4 45.1
1999 64 29.4
1998 65.4 29.4
1997 65.2 -
1996 68.9 -
1995 70 -

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

GeoRank.org/economy/austria/bosnia-and-herzegovina | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 63.1 for Bosnia and Herzegovina, ranking 83/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Bosnia
Services, % of GDP
64%
2024
56.6%
2024
Industry, % of GDP
24.6%
2024
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
4.53%
2024
GNI, Atlas method
$503B
2024
$27.8B
2024
GNI per capita, PPP
$74,160
2024
$24,990
2024
Total reserves including gold
$35.4B
2024
$9.42B
2024
Total reserves ranking
53/177
2024
79/177
2024
Net foreign direct investment
$135M
2024
-$885M
2024
Net inflows of foreign direct investment
$13.7B
2024
$1B
2024
Net outflows of foreign direct investment
$13.8B
2024
$119M
2024
Servicing debt to the IMF, % of GNI n/a
4.93%
2024
Poverty at national poverty lines
14.8%
2021
16.9%
2015
Gross capital formation, % of GDP
23.6%
2024
27.5%
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/austria/bosnia-and-herzegovina | 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 (1880–1989, 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 (2021–2024, 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.