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Economy of Austria vs Colombia compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $522B compared to $419B for Colombia, ranking 31/197 and 40/197 by economy size, respectively.

Austria has $424B in government debt (82.9% of GDP), compared to $256B (59.7% of GDP) in Colombia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Austria
GDP, current $

GDP, constant 2015 $
Colombia
GDP, current $

GDP, constant 2015 $
Year GDP
Austria Colombia
Current $ Constant $ Current $ Constant $
1960 $6,624,086,313 $83,828,673,167 $4,031,152,977 $30,607,351,921
1961 $7,346,566,038 $88,471,087,748 $4,540,447,761 $32,165,026,473
1962 $7,793,042,529 $90,814,399,431 $4,955,538,219 $33,905,762,200
1963 $8,414,050,621 $94,572,542,282 $4,836,166,667 $35,020,145,448
1964 $9,213,648,656 $100,364,499,311 $5,973,366,667 $37,179,817,269
1965 $10,041,659,445 $103,857,359,442 $5,760,761,905 $38,518,294,925
1966 $10,939,526,219 $109,717,886,300 $5,428,518,519 $40,535,396,289
1967 $11,634,569,522 $113,018,252,763 $5,825,170,438 $42,211,479,865
1968 $12,499,863,917 $118,072,782,528 $5,960,212,869 $44,715,936,774
1969 $13,647,475,854 $125,482,873,519 $6,450,175,214 $47,444,734,556
1970 $15,312,791,744 $134,420,862,376 $7,198,360,460 $50,390,007,346
1971 $17,788,536,733 $141,296,447,063 $7,820,380,971 $53,393,618,596
1972 $21,973,207,929 $150,067,933,491 $8,671,358,733 $57,488,453,985
1973 $29,399,860,145 $157,406,909,711 $10,315,760,000 $61,353,376,859
1974 $35,051,468,640 $163,612,107,623 $12,370,029,584 $64,878,592,920
1975 $39,902,300,703 $163,016,991,844 $13,098,633,902 $66,385,888,257
1976 $42,791,707,448 $170,480,635,018 $15,341,403,660 $69,524,857,841
1977 $51,343,861,460 $179,141,019,238 $19,470,960,619 $72,416,052,846
1978 $61,809,208,756 $178,763,652,138 $23,263,511,958 $78,549,620,713
1979 $73,647,694,287 $188,339,484,584 $27,940,411,250 $82,774,898,276
1980 $81,737,498,405 $191,600,555,442 $33,400,735,644 $86,158,201,123
1981 $70,755,997,062 $191,324,085,936 $36,388,366,869 $88,119,913,722
1982 $70,996,111,963 $195,172,100,329 $38,968,039,722 $88,955,661,301
1983 $71,838,528,420 $200,974,738,307 $38,729,822,782 $90,355,784,303
1984 $67,719,055,773 $201,077,788,420 $38,253,120,738 $93,383,320,875
1985 $69,114,996,010 $206,102,076,591 $34,894,419,443 $96,284,839,824
1986 $98,648,254,169 $210,845,294,932 $34,942,489,684 $101,892,542,204
1987 $123,682,091,859 $213,706,819,793 $36,373,307,085 $107,363,083,659
1988 $132,817,124,707 $220,750,339,733 $39,212,550,050 $111,726,505,380
1989 $132,584,448,258 $229,331,070,530 $39,540,080,200 $115,540,955,654
1990 $165,811,372,383 $239,296,977,478 $47,844,090,710 $120,488,417,446
1991 $173,113,449,617 $247,532,688,033 $49,637,993,949 $122,900,122,762
1992 $194,314,032,056 $252,714,845,320 $58,394,443,378 $127,871,346,008
1993 $189,634,029,339 $254,046,171,814 $66,474,101,301 $134,757,742,185
1994 $202,738,023,130 $260,148,661,735 $81,705,497,617 $142,593,449,287
1995 $240,094,169,510 $267,089,386,117 $92,495,970,511 $150,011,784,498
1996 $235,952,581,232 $273,007,464,944 $97,153,389,011 $153,095,808,839
1997 $211,724,812,267 $278,865,754,831 $106,656,492,294 $158,347,444,691
1998 $217,068,085,816 $288,606,201,091 $98,486,358,581 $159,249,683,235
1999 $216,421,809,126 $299,463,348,051 $86,278,947,637 $152,554,802,279
2000 $196,181,599,831 $309,014,800,203 $99,875,074,951 $157,016,818,929
2001 $196,477,206,829 $313,084,486,482 $98,200,641,203 $159,651,401,477
2002 $212,837,224,023 $317,731,814,842 $97,945,812,803 $163,649,041,384
2003 $260,779,834,340 $321,358,930,178 $94,644,969,157 $170,061,255,793
2004 $299,210,411,455 $329,602,607,297 $117,092,416,666 $179,130,660,093
2005 $313,952,317,331 $337,250,591,306 $145,600,529,606 $187,780,451,739
2006 $333,905,979,332 $348,276,446,349 $161,792,958,905 $200,393,418,124
2007 $386,760,177,589 $361,424,664,732 $206,229,540,926 $213,896,316,785
2008 $429,234,399,096 $366,677,269,701 $242,504,150,473 $220,919,487,241
2009 $399,290,118,782 $353,527,252,122 $232,468,663,110 $223,437,193,185
2010 $389,827,789,218 $359,922,497,999 $286,498,534,095 $233,479,933,032
2011 $428,954,737,064 $370,459,113,959 $334,966,134,805 $249,701,866,578
2012 $406,750,487,604 $372,786,509,411 $370,691,143,018 $259,471,791,121
2013 $426,580,502,769 $371,851,835,130 $382,093,697,078 $272,793,056,064
2014 $438,556,021,078 $374,662,287,025 $381,240,864,422 $285,066,097,497
2015 $379,546,097,301 $379,546,097,301 $293,492,370,193 $293,492,370,193
2016 $393,687,359,770 $387,581,921,834 $282,720,100,286 $299,618,678,572
2017 $414,926,138,133 $396,388,751,745 $311,866,875,157 $303,691,577,642
2018 $452,582,294,973 $406,235,924,915 $334,198,218,098 $311,479,214,512
2019 $442,983,642,372 $413,365,268,699 $323,031,701,193 $321,405,606,656
2020 $434,397,601,558 $387,247,796,561 $270,348,342,541 $298,309,675,728
2021 $480,467,037,339 $405,817,601,897 $318,524,633,225 $330,530,695,025
2022 $471,773,629,830 $427,236,226,728 $345,632,492,851 $354,752,900,899
2023 $511,685,203,845 $423,156,280,851 $366,291,836,138 $357,280,089,728
2024 $521,642,466,922 $418,190,370,367 $418,542,042,920 $363,510,345,115

Economic indicators

Austria Colombia
Gross domestic product
$522B
2024
$419B
2024
GDP rank
31/197
2024
40/197
2024
GDP growth
1.95%
2023-2024
14.3%
2023-2024
GDP per capita
$56,833
2024
$7,914
2024
GDP per capita rank
16/197
2024
97/197
2024
GDP per capita, PPP
$71,618
2024
$21,495
2024
Government debt
$424B
2024
$256B
2024
Debt-to-GDP ratio
82.9%
2025
59.7%
2025
Government debt per person
$46,152
2024
$4,849
2024
Government debt per person rank
10/185
2024
81/185
2024
Average annual personal income after taxes
$38,548
2025
$5,346
2025
Market capitalization of domestic companies
$121B
2024
$72.6B
2024
Number of billionaires
9
2025
4
2025
Income share by richest 10%
24.8%
2023
42.7%
2023
Income share by poorest 10%
2.8%
2023
1.1%
2023
Government expenditure, % of GDP
56.2%
2025
32.5%
2025
Consumer prices inflation
2.94%
2023-2024
6.61%
2023-2024
Central bank interest rate n/a
9.25%
2025
Unemployment rate
5.16%
2024
9.62%
2024
Population
9171198
53835787

GDP per capita in Austria vs Colombia

Austria's GDP per capita is $56,833, ranking 16/197, compared to $7,914 in Colombia, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 21st at $71,618, while Colombia ranks 90th at $21,495.

Austria
GDP per capita

GDP per capita, PPP
Colombia
GDP per capita

GDP per capita, PPP
Year Current $
Austria Colombia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $940 - $258.3 -
1961 $1,037 - $282.1 -
1962 $1,093 - $298.5 -
1963 $1,173 - $282.6 -
1964 $1,275 - $339 -
1965 $1,381 - $317 -
1966 $1,494 - $290.3 -
1967 $1,577 - $303 -
1968 $1,686 - $302 -
1969 $1,834 - $318 -
1970 $2,051 - $346 -
1971 $2,372 - $367 -
1972 $2,913 - $397 -
1973 $3,875 - $462 -
1974 $4,613 - $542 -
1975 $5,265 - $561 -
1976 $5,656 - $643 -
1977 $6,784 - $798 -
1978 $8,173 - $932 -
1979 $9,755 - $1,095 -
1980 $10,827 - $1,280 -
1981 $9,348 - $1,362 -
1982 $9,373 - $1,425 -
1983 $9,500 - $1,384 -
1984 $8,956 - $1,336 -
1985 $9,136 - $1,192 -
1986 $13,032 - $1,169 -
1987 $16,329 - $1,193 -
1988 $17,510 - $1,260 -
1989 $17,401 - $1,244 -
1990 $21,596 $19,383 $1,475 $5,109
1991 $22,323 $20,522 $1,500 $5,281
1992 $24,783 $21,195 $1,730 $5,509
1993 $23,987 $21,632 $1,930 $5,826
1994 $25,546 $22,538 $2,326 $6,174
1995 $30,207 $23,588 $2,583 $6,506
1996 $29,646 $24,418 $2,664 $6,639
1997 $26,572 $25,295 $2,873 $6,861
1998 $27,212 $26,529 $2,606 $6,854
1999 $27,079 $27,500 $2,244 $6,544
2000 $24,487 $29,215 $2,555 $6,776
2001 $24,430 $29,556 $2,473 $6,935
2002 $26,335 $30,952 $2,429 $7,109
2003 $32,110 $31,963 $2,312 $7,420
2004 $36,614 $33,523 $2,819 $7,909
2005 $38,157 $34,777 $3,456 $8,432
2006 $40,382 $37,396 $3,790 $9,154
2007 $46,623 $39,194 $4,770 $9,909
2008 $51,581 $41,047 $5,542 $10,307
2009 $47,857 $40,666 $5,251 $10,367
2010 $46,611 $41,740 $6,398 $10,841
2011 $51,117 $44,172 $7,401 $11,707
2012 $48,250 $46,156 $8,109 $12,093
2013 $50,305 $47,520 $8,279 $12,780
2014 $51,315 $48,355 $8,187 $13,355
2015 $43,915 $49,563 $6,249 $13,332
2016 $45,061 $52,398 $5,960 $14,027
2017 $47,164 $53,870 $6,480 $14,401
2018 $51,194 $56,636 $6,817 $15,239
2019 $49,886 $60,355 $6,473 $16,182
2020 $48,716 $58,523 $5,340 $15,519
2021 $53,649 $62,969 $6,223 $17,383
2022 $52,177 $70,735 $6,680 $20,696
2023 $56,034 $70,479 $7,001 $20,944
2024 $56,833 $71,618 $7,914 $21,495

Spending and national debt comparison

In 2024, Austria's government spending was $294B, accounting for 56.2% of its GDP, while Colombia's spent $138B, or 32.5% of GDP.

Debt-to-GDP ratio is 82.9% in Austria and 59.7% in Colombia, ranking 39/185 and 82/185, respectively.

Austria
Government spending

Government debt
Colombia
Government spending

Government debt
Year % of GDP
Austria Colombia
Government spending Government debt Government spending Government debt
1960 36.3% 17.7% 6.7% 7.2%
1961 35.7% 16% 8.6% 8.7%
1962 37.6% 15.5% 7.8% 14.8%
1963 38.6% 15.6% 8.6% 13.9%
1964 38.7% 15.5% 8.1% 13.1%
1965 38.3% 14.8% 7% 15.2%
1966 38.7% 14.1% 8% 15.3%
1967 40.7% 15.6% 8.2% 15.8%
1968 40.9% 16.8% 8.9% 16.2%
1969 40.7% 16.8% 9.2% 17%
1970 39.5% 18.5% 10% 16.7%
1971 40% 17.3% 10.3% 16.2%
1972 40.1% 16.6% 10.3% 16.9%
1973 41.5% 16.6% 9.4% 16.3%
1974 42% 16.7% 8.8% 15.9%
1975 46.1% 22.7% 9.4% 14.6%
1976 47.9% 26% 8% 12.2%
1977 47.6% 28.3% 7.7% 9.2%
1978 50.8% 32% 8.1% 7.6%
1979 49.8% 33.9% 8.6% 7.7%
1980 50% 35.4% 9.6% 8%
1981 51.5% 37.3% 9.9% 8.5%
1982 52% 39.5% 10.6% 8.8%
1983 52.4% 43.4% 10.2% 10.8%
1984 52.6% 45.8% 10.3% 15.5%
1985 53.5% 47.5% 10.5% 19.3%
1986 54.3% 51.7% 9.8% 20.2%
1987 54.5% 55.2% 9.7% 18.9%
1988 53.1% 57.4% 10.3% 17.9%
1989 51.6% 56.3% 10.3% 17.3%
1990 46.8% 56.2% 17.4% 16.7%
1991 47.9% 56.4% 17.7% 14.5%
1992 49.3% 56.3% 18.4% 16.1%
1993 54.3% 61% 20% 14.2%
1994 54.3% 64.1% 20.6% 12.5%
1995 56.1% 68.2% 22.2% 13.8%
1996 55.9% 68.2% 25.1% 23.3%
1997 52.5% 63.4% 26.2% 25.3%
1998 54.4% 69.2% 26.3% 27.4%
1999 50.5% 61.3% 28.2% 34%
2000 50.9% 66.1% 26.6% 38%
2001 51.8% 67.2% 27.5% 41.1%
2002 51.6% 67.4% 28.1% 47.5%
2003 51.8% 66.4% 28% 45%
2004 54.3% 65.9% 26.6% 41.5%
2005 51.7% 69.4% 25.9% 38.5%
2006 50.9% 68.2% 28.4% 36%
2007 49.7% 65.8% 28.2% 32.7%
2008 50.4% 69.5% 28.4% 32.4%
2009 54.6% 80.8% 30.9% 35.4%
2010 53.4% 83.7% 30.4% 36.5%
2011 51.3% 83.4% 30.2% 35.8%
2012 51.8% 82.9% 29.1% 34%
2013 52.4% 82.4% 30% 37.6%
2014 52.4% 85.2% 31.3% 43.3%
2015 51.2% 85.6% 31.3% 50.4%
2016 50.6% 83.4% 30% 49.9%
2017 49.8% 79.1% 29.3% 49.4%
2018 49.2% 74.6% 34.7% 51.8%
2019 49.1% 71% 32.9% 51%
2020 57.3% 83.2% 33.5% 65.3%
2021 56% 82.4% 34.3% 64.4%
2022 53.1% 78.3% 33.9% 61.3%
2023 52.6% 78.4% 35.4% 55.5%
2024 56.3% 81.2% 32.9% 61.3%
2025 56.2% 82.9% 32.5% 59.7%

Government deficit by year

In 2024, Austria's government deficit, the difference between spending and revenue, was -$24.5B, equivalent to -4.69% of GDP. This compares to Colombia's deficit of -$19.8B, or -4.73% of GDP.

Over the past 65 years, Austria recorded a fiscal deficit in 53 of those years, while Colombia ran a deficit in 56 years. On average, Austria posted an annual deficit equal to -2.05% of GDP, compared to deficit of -1.84% of GDP for Colombia.

Deficit/surplus
Austria

Colombia
Year Deficit/surplus, % of GDP
Austria Colombia
1880 -1.4% -
1881 -3.91% -
1882 -1.06% -
1883 -0.69% -
1884 -6.43% -
1885 -0.57% -
1886 -0.43% -
1887 -1.09% -
1888 -0.97% -
1889 -1.61% -
1890 -0.26% -
1891 -4.01% -
1892 -0.86% -
1893 -1.31% -
1894 -1.16% -
1895 0.36% -
1896 0.03% -
1897 0.1% -
1898 -0.17% -
1899 -0.08% -
1900 -0.05% -
1901 -0.56% -
1902 -0.75% -
1903 -0.97% -
1904 -1.12% -
1905 -0.71% -0.9%
1906 -0.05% 0.2%
1907 -2.73% -2.7%
1908 -1.24% -2.7%
1909 -5.51% -3.3%
1910 -0.42% -0.3%
1911 0.03% -0.1%
1912 -0.69% -0.3%
1913 -0.69% 0.5%
1914 -0.69% -0.5%
1915 -0.69% -0.2%
1916 -0.69% 0.2%
1917 -0.69% -0.5%
1918 -0.69% -2.1%
1919 -0.69% -0.8%
1920 -0.69% 0.4%
1921 -0.69% -1.6%
1922 -0.69% -0.7%
1923 -0.69% 0.3%
1924 -5.69% 0.5%
1925 -4.96% 1%
1926 -6.18% 0%
1927 -7.3% -0.6%
1928 -7.63% -0.4%
1929 -6.83% 0.4%
1930 -9.68% 0.3%
1931 -11.5% -0.2%
1932 -9.16% -0.8%
1933 -3.55% -0.4%
1934 -5.28% 0.2%
1935 -5.46% 1.3%
1936 -3.91% 1.1%
1937 -2.84% 1.4%
1938 -2.84% 0.5%
1939 -2.84% 0.8%
1940 -2.84% -1.5%
1941 -2.84% 0%
1942 -2.84% -1.5%
1943 -2.84% -0.7%
1944 -2.84% -0.2%
1945 -2.84% 0.1%
1946 -2.84% -0.5%
1947 -2.84% 0.2%
1948 -9.3% -0.1%
1949 -9.23% 0.5%
1950 -7.72% 0.9%
1951 -1.57% 2.1%
1952 -0.73% 1.6%
1953 -0.24% 1.3%
1954 -0.35% 1.3%
1955 -0.5% 0.7%
1956 -0.78% -0.2%
1957 -0.7% 1.4%
1958 -3.52% 1.7%
1959 -2.16% 2%
1960 -0.49% 1.2%
1961 1.68% -1.5%
1962 1.12% -1.6%
1963 -0.5% -1.7%
1964 0.48% -1.1%
1965 1.38% -0.6%
1966 1.73% 0.1%
1967 -0.56% -0.2%
1968 -0.83% 0%
1969 -0.08% -0.5%
1970 1.16% -0.7%
1971 1.46% -1%
1972 1.97% -1.7%
1973 1.24% -1.1%
1974 1.23% -1.2%
1975 -2.41% -0.5%
1976 -3.61% 0.6%
1977 -2.11% 0.5%
1978 -2.67% 0.3%
1979 -2.3% -0.7%
1980 -1.62% -2.2%
1981 -1.79% -2.8%
1982 -3.29% -3.6%
1983 -4.22% -3.1%
1984 -2.67% -3.3%
1985 -2.71% -2.4%
1986 -3.84% -1.4%
1987 -4.33% -0.4%
1988 -3.43% -1.3%
1989 -3.07% -1.4%
1990 -2.58% -0.41%
1991 -2.96% 0.35%
1992 -2.15% -0.07%
1993 -4.57% -0.24%
1994 -5.04% -0.14%
1995 -6.17% -1%
1996 -4.38% -2.49%
1997 -2.38% -3.23%
1998 -2.68% -3.86%
1999 -2.63% -5.37%
2000 -2.07% -2.94%
2001 -0.71% -2.71%
2002 -1.43% -3.45%
2003 -1.84% -2.7%
2004 -4.94% -1.31%
2005 -2.59% -0.02%
2006 -2.61% -0.99%
2007 -1.56% -0.82%
2008 -1.57% 0.04%
2009 -5.38% -2.67%
2010 -4.46% -3.3%
2011 -2.48% -1.99%
2012 -2.18% 0.15%
2013 -1.99% -1.02%
2014 -1.92% -1.74%
2015 -0.48% -3.52%
2016 -1.45% -2.27%
2017 -0.78% -2.5%
2018 0.2% -4.67%
2019 0.54% -3.48%
2020 -8.2% -6.96%
2021 -5.69% -7.09%
2022 -3.42% -6.17%
2023 -2.61% -3.22%
2024 -4.69% -4.73%
2025 -4.08% -4.44%

Inflation comparison by year

Over the past 29 years, Austria has recorded an average annual inflation rate of 2.29%, compared with 7.01% in Colombia. In 2024, inflation was 2.94% in Austria and 6.61% in Colombia.

Inflation
Austria

Colombia
Year Inflation
Austria Colombia Austria Colombia
1996 1.86% 20.8%
1997 1.31% 18.5%
1998 0.92% 18.7%
1999 0.57% 10.9%
2000 2.34% 9.23%
2001 2.65% 7.97%
2002 1.81% 6.35%
2003 1.36% 7.13%
2004 2.06% 5.9%
2005 2.3% 5.05%
2006 1.44% 4.29%
2007 2.17% 5.54%
2008 3.22% 7%
2009 0.51% 4.2%
2010 1.81% 2.27%
2011 3.29% 3.42%
2012 2.49% 3.17%
2013 2% 2.02%
2014 1.61% 2.9%
2015 0.9% 4.99%
2016 0.89% 7.51%
2017 2.08% 4.31%
2018 2% 3.24%
2019 1.53% 3.52%
2020 1.38% 2.53%
2021 2.77% 3.5%
2022 8.55% 10.2%
2023 7.81% 11.7%
2024 2.94% 6.61%

Top exports between countries

Austria
Export category Export value
Machinery & equipment $70.4M
Chemicals & pharma $35.7M
Wood & paper products $10.6M
Textiles & consumer goods $8.84M
Processed food, beverages & tobacco $8.18M
Metals $6.49M
Raw materials & minerals $2.13M
Raw agricultural goods $486K
Miscellaneous $237K
Precious metals & jewellery $234K
Colombia
Export category Export value
Raw agricultural goods $2.18M
Machinery & equipment $682K
Processed food, beverages & tobacco $677K
Precious metals & jewellery $203K
Metals $175K
Wood & paper products $125K
Textiles & consumer goods $115K
Chemicals & pharma $11K
Miscellaneous $8K
Raw materials & minerals $3K

Balance of trade

Austria Colombia
Current account balance
$12.6B
2024
-$7.23B
2024
Current account balance ranking
22/189
2024
173/189
2024
Current account balance, % of GDP
+2.42%
2024
-1.73%
2024
Goods imports
$196B
2024
$60.2B
2024
Goods exports
$205B
2024
$51.1B
2024
Service imports
$88B
2024
$18.2B
2024
Service exports
$94.3B
2024
$17.9B
2024
Imports of goods and services, % of GDP
53.6%
2024
20.9%
2024
Exports of goods and services, % of GDP
56.9%
2024
16%
2024

Economic freedom indices

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

Austria Colombia
Economic freedom 69.7 59.8
Economic freedom ranking 38/197 99/197
Property rights 97 45.5
Government integrity 75.4 40.9
Judicial effectiveness 94.8 58.8
Tax burden 46.3 67.6
Government spending 13.5 64.4
Fiscal health 63.7 48.7
Business freedom 81.7 68.6
Labor freedom 81.8 61.7
Monetary freedom 72.7 69.4
Trade freedom 79.6 72.2
Investment freedom 60 60
Financial freedom 70 60

Economic freedom by year comparison

The Economic Freedom Index for Austria is 69.7, ranking 38/197, compared to 59.8 for Colombia, ranking 99/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Austria
Colombia
Year Economic freedom index
Austria Colombia
1995 70 64.5
1996 68.9 64.3
1997 65.2 66.4
1998 65.4 65.5
1999 64 65.3
2000 68.4 63.3
2001 68.1 65.6
2002 67.4 64.2
2003 67.6 64.2
2004 67.6 61.2
2005 68.8 59.6
2006 71.1 60.4
2007 71.6 59.9
2008 71.4 62.2
2009 71.2 62.3
2010 71.6 65.5
2011 71.9 68
2012 70.3 68
2013 71.8 69.6
2014 72.4 70.7
2015 71.2 71.7
2016 71.7 70.8
2017 72.3 69.7
2018 71.8 68.9
2019 72 67.3
2020 73.3 69.2
2021 73.9 68.1
2022 73.8 65.1
2023 71.1 63.1
2024 68.4 59.2
2025 69.7 59.8

More economic indicators

Austria Colombia
Services, % of GDP
65.3%
2024
58.2%
2024
Industry, % of GDP
23.1%
2024
23.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.23%
2024
9.27%
2024
GNI, Atlas method
$497B
2024
$373B
2024
GNI per capita, PPP
$71,860
2024
$21,060
2024
Total reserves including gold
$35.4B
2024
$61.9B
2024
Total reserves ranking
53/177
2024
38/177
2024
Net foreign direct investment
$1.5B
2024
-$9.69B
2024
Net inflows of foreign direct investment
$9.31B
2024
$14.3B
2024
Net outflows of foreign direct investment
$10.8B
2024
$4.58B
2024
Servicing debt to the IMF, % of GNI
n/a
8%
2023
Poverty at national poverty lines
14.8%
2021
31.8%
2024
Gross capital formation, % of GDP
22.3%
2024
17.1%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.