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Economy of Austria vs Ecuador compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $125B for Ecuador, ranking 30/197 and 62/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $67B (53.8% of GDP) in Ecuador.

Austria vs Ecuador GDP by year

Austria
Ecuador
1x
Year GDP, current $
Austria Ecuador
2024 $534,790,720,467 $124,676,074,700
2023 $516,670,509,629 $121,147,057,000
2022 $473,221,298,968 $116,133,121,000
2021 $480,466,363,177 $107,179,074,000
2020 $434,397,601,558 $95,865,473,000
2019 $442,983,642,372 $107,595,830,000
2018 $452,582,294,973 $107,478,961,000
2017 $414,926,138,133 $104,467,486,000
2016 $393,687,359,770 $97,671,433,000
2015 $379,546,097,301 $97,209,558,000
2014 $438,556,021,078 $102,717,794,000
2013 $426,580,502,769 $96,570,334,000
2012 $406,750,487,604 $87,735,048,000
2011 $428,954,737,064 $78,986,648,000
2010 $389,827,789,218 $68,151,329,000
2009 $399,290,118,782 $60,094,978,000
2008 $429,234,399,096 $61,139,438,000
2007 $386,760,177,589 $49,848,725,000
2006 $333,905,979,332 $45,690,762,000
2005 $313,952,317,331 $40,278,849,000
2004 $299,210,411,455 $35,194,947,000
2003 $260,779,834,340 $30,965,208,000
2002 $212,837,224,023 $27,054,197,000
2001 $196,477,206,829 $23,127,055,000
2000 $196,181,599,831 $17,539,454,727
1999 $216,421,809,126 $19,645,272,636
1998 $217,068,085,816 $27,981,896,948
1997 $211,724,812,267 $28,162,053,027
1996 $235,952,581,232 $25,226,393,197
1995 $240,094,169,510 $24,432,884,442
1994 $202,738,023,130 $22,708,673,337
1993 $189,634,029,339 $18,938,717,359
1992 $194,314,032,056 $18,094,238,119
1991 $173,113,449,617 $16,988,535,268
1990 $165,811,372,383 $15,239,272,612
1989 $132,584,448,258 $13,890,823,705
1988 $132,817,124,707 $13,051,881,851
1987 $123,682,091,859 $13,945,426,859
1986 $98,648,254,169 $15,314,138,472
1985 $69,114,996,010 $17,149,088,413
1984 $67,719,055,773 $16,912,509,092
1983 $71,838,528,420 $17,152,477,037
1982 $70,996,111,963 $19,929,846,396
1981 $70,755,997,062 $21,810,759,354
1980 $81,737,498,405 $17,881,508,242
1979 $73,647,694,287 $14,175,160,902
1978 $61,809,208,756 $11,922,497,876
1977 $51,343,861,460 $11,026,342,618
1976 $42,791,707,448 $9,091,921,030
1975 $39,902,300,703 $7,731,674,472
1974 $35,051,468,640 $6,599,257,044
1973 $29,399,860,145 $3,891,754,150
1972 $21,973,207,929 $3,185,986,087
1971 $17,788,536,733 $2,754,219,271
1970 $15,312,791,744 $2,862,503,139
1969 $13,647,475,854 $3,112,165,727
1968 $12,499,863,917 $2,582,179,864
1967 $11,634,569,522 $2,553,595,172
1966 $10,939,526,219 $2,429,308,639
1965 $10,041,659,445 $2,387,047,396
1964 $9,213,648,656 $2,244,146,103
1963 $8,414,050,621 $1,824,343,871
1962 $7,793,042,529 $1,518,207,703
1961 $7,346,566,038 $1,753,850,955
1960 $6,624,086,313 $2,069,464,937

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

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

GDP per capita in Austria vs Ecuador by year

Austria
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 $6,875 $15,840
2023 $56,580 $73,545 $6,738 $15,919
2022 $52,337 $72,065 $6,516 $15,198
2021 $53,649 $62,969 $6,061 $13,507
2020 $48,716 $58,523 $5,464 $11,527
2019 $49,886 $60,355 $6,205 $12,543
2018 $51,194 $56,636 $6,304 $12,187
2017 $47,164 $53,870 $6,233 $11,793
2016 $45,061 $52,398 $5,918 $10,881
2015 $43,915 $49,549 $5,976 $10,878
2014 $51,315 $48,355 $6,406 $11,836
2013 $50,305 $47,520 $6,109 $11,296
2012 $48,250 $46,156 $5,634 $10,245
2011 $51,117 $44,172 $5,154 $9,769
2010 $46,611 $41,735 $4,520 $8,969
2009 $47,857 $40,687 $4,053 $8,662
2008 $51,581 $41,047 $4,195 $8,663
2007 $46,623 $39,192 $3,479 $8,112
2006 $40,382 $37,388 $3,244 $7,885
2005 $38,157 $34,777 $2,909 $7,457
2004 $36,614 $33,519 $2,586 $6,980
2003 $32,110 $31,959 $2,316 $6,475
2002 $26,335 $30,952 $2,059 $6,282
2001 $24,430 $29,553 $1,791 $5,999
2000 $24,487 $29,221 $1,382 $5,728
1999 $27,079 $27,500 $1,575 $5,638
1998 $27,212 $26,531 $2,284 $5,940
1997 $26,572 $25,301 $2,341 $5,793
1996 $29,646 $24,427 $2,136 $5,560
1995 $30,207 $23,604 $2,108 $5,469
1994 $25,546 $22,553 $1,997 $5,339
1993 $23,987 $21,647 $1,698 $5,112
1992 $24,783 $21,209 $1,655 $4,998
1991 $22,323 $20,536 $1,587 $4,887
1990 $21,596 $19,396 $1,455 $4,632
1989 $17,401 - $1,356 -
1988 $17,510 - $1,304 -
1987 $16,329 - $1,426 -
1986 $13,032 - $1,604 -
1985 $9,136 - $1,842 -
1984 $8,956 - $1,864 -
1983 $9,500 - $1,940 -
1982 $9,373 - $2,314 -
1981 $9,348 - $2,601 -
1980 $10,827 - $2,190 -
1979 $9,755 - $1,783 -
1978 $8,173 - $1,541 -
1977 $6,784 - $1,465 -
1976 $5,656 - $1,242 -
1975 $5,265 - $1,086 -
1974 $4,613 - $954 -
1973 $3,875 - $579 -
1972 $2,913 - $488 -
1971 $2,372 - $434 -
1970 $2,051 - $465 -
1969 $1,834 - $521 -
1968 $1,686 - $445 -
1967 $1,577 - $454 -
1966 $1,494 - $445 -
1965 $1,381 - $450 -
1964 $1,275 - $436 -
1963 $1,173 - $365 -
1962 $1,093 - $312 -
1961 $1,037 - $371 -
1960 $940 - $451 -

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

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

Austria's GDP per capita is $58,269, ranking 16/197, compared to $6,875 in Ecuador, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Ecuador ranks 110th at $15,840.

Economic indicators

Austria Ecuador
Gross domestic product
$535B
2024
$125B
2024
GDP rank
30/197
2024
62/197
2024
GDP growth
-0.66%
2023-2024
-2%
2023-2024
GDP per capita
$58,269
2024
$6,875
2024
GDP per capita rank
16/197
2024
103/197
2024
GDP per capita, PPP
$73,911
2024
$15,840
2024
GDP per capita PPP rank
19/197
2024
110/197
2024
Government debt
$432B
2024
$67B
2024
Debt-to-GDP ratio
80.8%
2024
53.8%
2024
Government debt per person
$47,075
2024
$3,695
2024
Government debt per person rank
10/185
2024
93/185
2024
Average annual personal income after taxes
$40,736
2026
$5,894
2026
Market capitalization of domestic companies
$121B
2024
$747M
2000
Number of billionaires
9
2025
n/a
Income share by richest 10%
24.8%
2023
33.4%
2024
Income share by poorest 10%
2.8%
2023
1.5%
2024
Government expenditure, % of GDP
56%
2024
38.1%
2024
Consumer prices inflation
2.94%
2023-2024
1.55%
2023-2024
Unemployment rate
5.16%
2024
3.39%
2024
Population
9163419
18487749

Spending and national debt comparison by year

Austria
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Austria Ecuador
Government spending Government debt Government spending Government debt
2024 56% 80.8% 38.1% 53.8%
2023 52.7% 78.5% 39.5% 54.3%
2022 53% 78.4% 38.9% 57.2%
2021 56% 82.4% 37.5% 61.8%
2020 57.3% 83.2% 40.2% 63.6%
2019 49.1% 71% 39.8% 52.1%
2018 49.2% 74.6% 40.9% 49.5%
2017 49.8% 79.1% 40.5% 47.4%
2016 50.6% 83.4% 44.1% 46.1%
2015 51.2% 85.6% 44.1% 36.4%
2014 52.4% 85.2% 45.9% 28.2%
2013 52.4% 82.4% 46.7% 23.4%
2012 51.8% 82.9% 43.2% 19.3%
2011 51.3% 83.4% 39.6% 18.6%
2010 53.4% 83.7% 35.4% 18.4%
2009 54.6% 80.8% 34.3% 19.7%
2008 50.4% 69.5% 35.6% 24.9%
2007 49.7% 65.8% 24.7% 29.6%
2006 50.9% 68.2% 21.7% 33.1%
2005 51.7% 69.4% 22% 35.8%
2004 54.3% 65.9% 21.3% 40.2%
2003 51.8% 66.4% 21.3% 47.2%
2002 51.6% 67.4% 22.8% 55%
2001 51.8% 67.2% 21.4% 63.8%
2000 50.9% 66.1% 24.3% 92.2%
1999 50.5% 61.3% 24.1% 105.2%
1998 54.4% 69.2% 21.5% 70.3%
1997 52.5% 63.4% 22% 61.5%
1996 55.9% 68.2% 22.7% 69.3%
1995 56.1% 68.2% 22% 70.5%
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 (1960–2000, retrieved 2026-02-20).

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

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Ecuador spent $47.5B, or 38.1% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 53.8% in Ecuador, ranking 44/185 and 98/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Ecuador
1x
Year Deficit/surplus, % of GDP
Austria Ecuador
2024 -4.64% -1.28%
2023 -2.62% -3.48%
2022 -3.31% 0.04%
2021 -5.69% -1.59%
2020 -8.2% -7.38%
2019 0.54% -3.47%
2018 0.2% -2.8%
2017 -0.78% -5.77%
2016 -1.45% -10.3%
2015 -0.48% -6.87%
2014 -1.92% -8.11%
2013 -1.99% -8.17%
2012 -2.18% -2.83%
2011 -2.48% -0.13%
2010 -4.46% -1.39%
2009 -5.38% -3.71%
2008 -1.57% 0.57%
2007 -1.56% 2.66%
2006 -2.61% 2.92%
2005 -2.59% 0.66%
2004 -4.94% 1.94%
2003 -1.84% 1.05%
2002 -1.43% 0.74%
2001 -0.71% 0.03%
2000 -2.07% -0.32%
1999 -2.63% -4.82%
1998 -2.68% -5.1%
1997 -2.38% -2.83%
1996 -4.38% -3.44%
1995 -6.17% -2.02%
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/ecuador | 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 Ecuador's deficit of $1.59B, or 1.28% of GDP.

Over the past 30 years, Austria recorded a fiscal deficit in 28 of those years, while Ecuador ran a deficit in 21 years. On average, Austria posted an annual deficit equal to 2.75% of GDP, compared to deficit of 2.51% of GDP for Ecuador.

Inflation comparison by year

Inflation
Austria

Ecuador
1x
Year Consumer prices inflation
Austria Ecuador
2024 2.94% 1.55%
2023 7.81% 2.22%
2022 8.55% 3.47%
2021 2.77% 0.13%
2020 1.38% -0.34%
2019 1.53% 0.27%
2018 2% -0.22%
2017 2.08% 0.42%
2016 0.89% 1.73%
2015 0.9% 3.97%
2014 1.61% 3.59%
2013 2% 2.72%
2012 2.49% 5.1%
2011 3.29% 4.47%
2010 1.81% 3.55%
2009 0.51% 5.16%
2008 3.22% 8.4%
2007 2.17% 2.28%
2006 1.44% 3.3%
2005 2.3% 2.17%
2004 2.06% 2.74%
2003 1.36% 7.93%
2002 1.81% 12.5%
2001 2.65% 37.7%
2000 2.34% 96.1%
1999 0.57% 52.2%
1998 0.92% 36.1%
1997 1.31% 30.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 11.8% in Ecuador. In 2024, inflation was 2.94% in Austria and 1.55% in Ecuador.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $18.6M
Chemicals & pharma $11.5M
Wood & paper products $6.12M
Weapons & explosives $2.23M
Metals $2.03M
Processed food, beverages & tobacco $1.8M
Textiles & consumer goods $823K
Raw materials & minerals $617K
Miscellaneous $135K
Raw agricultural goods $99K
Ecuador
Export category Export value
Processed food, beverages & tobacco $292K
Raw agricultural goods $278K
Chemicals & pharma $178K
Miscellaneous $27K
Machinery & equipment $18K
Textiles & consumer goods $13K
Wood & paper products $3K
Metals $1K

Balance of trade

Austria Ecuador
Current account balance
$8.19B
2024
$7.06B
2024
Current account balance ranking
25/190
2024
27/190
2024
Current account balance, % of GDP
+1.53%
2024
+5.66%
2024
Goods imports
$195B
2024
$27.9B
2024
Goods exports
$201B
2024
$34.7B
2024
Service imports
$90.5B
2024
$6.18B
2024
Service exports
$96.6B
2024
$3.86B
2024
Imports of goods and services, % of GDP
53.1%
2024
26.9%
2024
Exports of goods and services, % of GDP
55.7%
2024
30.3%
2024

Economic freedom indices

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

Austria Ecuador
Economic freedom 69.8 55.6
Economic freedom ranking 38/197 127/197
Property rights 95.7 33.2
Government integrity 75 33
Judicial effectiveness 94.8 48.1
Tax burden 45.7 74.2
Government spending 12.8 54.9
Fiscal health 67.1 90.3
Business freedom 78.7 64.3
Labor freedom 81.6 56.9
Monetary freedom 76.4 76.3
Trade freedom 79.4 66.4
Investment freedom 60 30
Financial freedom 70 40

Economic freedom comparison by year

Austria
Ecuador
1x
Year Economic freedom index
Austria Ecuador
2026 69.8 55.6
2025 69.7 55.8
2024 68.4 55
2023 71.1 55
2022 73.8 54.3
2021 73.9 52.4
2020 73.3 51.3
2019 72 46.9
2018 71.8 48.5
2017 72.3 49.3
2016 71.7 48.6
2015 71.2 49.2
2014 72.4 48
2013 71.8 46.9
2012 70.3 48.3
2011 71.9 47.1
2010 71.6 49.3
2009 71.2 52.5
2008 71.4 55.2
2007 71.6 55.3
2006 71.1 54.6
2005 68.8 52.9
2004 67.6 54.4
2003 67.6 54.1
2002 67.4 53.1
2001 68.1 55.1
2000 68.4 59.8
1999 64 62.9
1998 65.4 62.8
1997 65.2 61
1996 68.9 60.1
1995 70 57.7

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

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

The Economic Freedom Index for Austria is 69.8, ranking 38/197, 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

Austria Ecuador
Services, % of GDP
64%
2024
57.2%
2024
Industry, % of GDP
24.6%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
9.48%
2024
GNI, Atlas method
$503B
2024
$117B
2024
GNI per capita, PPP
$74,160
2024
$15,410
2024
Total reserves including gold
$35.4B
2024
$6.91B
2024
Total reserves ranking
53/177
2024
87/177
2024
Net foreign direct investment
$135M
2024
-$438M
2024
Net inflows of foreign direct investment
$13.7B
2024
$443M
2024
Net outflows of foreign direct investment
$13.8B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
7%
2024
Poverty at national poverty lines
14.8%
2021
28%
2024
Gross capital formation, % of GDP
23.6%
2024
18.5%
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/ecuador | 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 (1880–2000, 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 (2023–2024, retrieved 2026-02-08)
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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.