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Economy of Azerbaijan vs France compared: GDP & Debt

Updated on by Georank

Azerbaijan has a GDP of $75.9B compared to $3.37T for France, ranking 87/197 and 7/197 by economy size, respectively.

Azerbaijan has $15.3B in government debt (20.1% of GDP), compared to $3.9T (116% of GDP) in France.

Azerbaijan vs France GDP by year

Azerbaijan
France
1x
Year GDP, current $
Azerbaijan France
2025 $75,937,647,059 $3,366,315,927,447
2024 $74,426,000,000 $3,160,442,622,465
2023 $72,428,470,588 $3,056,250,648,138
2022 $78,807,470,588 $2,794,788,137,067
2021 $54,825,411,765 $2,966,433,692,008
2020 $42,693,000,000 $2,647,926,055,110
2019 $48,174,235,294 $2,722,793,515,172
2018 $47,112,470,052 $2,781,576,320,884
2017 $40,866,627,352 $2,588,868,323,335
2016 $37,866,996,883 $2,470,407,619,777
2015 $53,076,235,355 $2,442,483,452,643
2014 $75,239,785,452 $2,861,236,112,552
2013 $74,160,560,124 $2,816,077,607,875
2012 $69,679,944,504 $2,683,007,095,787
2011 $65,952,796,428 $2,870,408,553,990
2010 $52,909,294,792 $2,646,230,027,988
2009 $44,292,427,185 $2,700,075,882,519
2008 $48,851,293,785 $2,926,802,941,586
2007 $33,049,419,431 $2,655,816,911,867
2006 $20,981,929,498 $2,317,861,544,691
2005 $13,245,421,881 $2,192,146,403,028
2004 $8,680,405,741 $2,109,792,297,237
2003 $7,276,413,079 $1,835,095,983,049
2002 $6,236,087,738 $1,492,427,756,382
2001 $5,707,616,204 $1,370,376,677,299
2000 $5,272,615,723 $1,360,959,069,477
1999 $4,581,248,567 $1,486,915,879,702
1998 $4,446,368,571 $1,496,906,382,032
1997 $3,962,362,387 $1,449,392,222,971
1996 $3,176,507,376 $1,598,889,216,566
1995 $2,417,331,193 $1,595,219,345,512
1994 $1,193,141,110 $1,385,822,778,828
1993 $1,570,392,598 $1,314,383,368,080
1992 $444,658,672 $1,389,663,073,110
1991 $5,344,000,000 $1,258,961,748,634
1990 $8,884,848,485 $1,257,649,439,827
1989 - $1,016,742,237,302
1988 - $1,010,827,662,152
1987 - $926,320,855,615
1986 - $764,946,585,851
1985 - $547,220,981,165
1984 - $525,033,325,828
1983 - $553,356,312,936
1982 - $578,152,310,610
1981 - $609,184,791,792
1980 - $694,529,183,483
1979 - $608,218,624,730
1978 - $501,724,418,605
1977 - $406,401,711,688
1976 - $368,363,152,144
1975 - $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

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

GeoRank.org/economy/azerbaijan/france | CC BY

GDP per capita in Azerbaijan vs France by year

Azerbaijan
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,411 - $48,986 -
2024 $7,295 $25,089 $46,103 $62,557
2023 $7,133 $23,652 $44,700 $60,839
2022 $7,771 $22,552 $40,989 $57,043
2021 $5,408 $20,111 $43,725 $52,517
2020 $4,230 $15,164 $39,170 $49,482
2019 $4,806 $16,675 $40,408 $51,130
2018 $4,740 $15,283 $41,418 $46,381
2017 $4,147 $14,316 $38,687 $44,469
2016 $3,881 $14,536 $37,024 $42,880
2015 $5,501 $15,075 $36,702 $40,905
2014 $7,891 $17,564 $43,148 $40,218
2013 $7,875 $17,268 $42,669 $39,583
2012 $7,496 $15,994 $40,864 $37,671
2011 $7,190 $14,805 $43,930 $37,510
2010 $5,844 $14,930 $40,695 $35,908
2009 $4,950 $14,246 $41,728 $34,685
2008 $5,574 $13,217 $45,465 $35,053
2007 $3,851 $11,974 $41,486 $34,066
2006 $2,473 $9,398 $36,432 $32,424
2005 $1,578 $6,855 $34,696 $30,431
2004 $1,045 $5,248 $33,645 $28,921
2003 $884 $4,718 $29,480 $28,024
2002 $763 $4,230 $24,145 $28,350
2001 $704 $3,835 $22,332 $27,347
2000 $655 $3,439 $22,341 $26,007
1999 $574 $3,052 $24,576 $24,204
1998 $562 $2,827 $24,869 $23,263
1997 $506 $2,565 $24,169 $22,190
1996 $409 $2,407 $26,758 $21,268
1995 $315 $2,357 $26,792 $20,701
1994 $157.1 $2,648 $23,360 $19,892
1993 $209.5 $3,272 $22,239 $19,094
1992 $60.2 $4,220 $23,615 $18,801
1991 $735 $5,412 $21,501 $18,198
1990 $1,238 $5,343 $21,586 $17,475
1989 - - $17,547 -
1988 - - $17,550 -
1987 - - $16,176 -
1986 - - $13,430 -
1985 - - $9,657 -
1984 - - $9,312 -
1983 - - $9,862 -
1982 - - $10,360 -
1981 - - $10,956 -
1980 - - $12,565 -
1979 - - $11,063 -
1978 - - $9,167 -
1977 - - $7,459 -
1976 - - $6,792 -
1975 - - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

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

GeoRank.org/economy/azerbaijan/france | CC BY

Azerbaijan's GDP per capita is $7,411, ranking 101/197, compared to $48,986 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while France ranks 30th at $62,557.

Economic indicators

Azerbaijan France
Gross domestic product
$75.9B
2025
$3.37T
2025
GDP rank
87/197
2025
7/197
2025
GDP growth
1.45%
2024-2025
0.84%
2024-2025
GDP per capita
$7,411
2025
$48,986
2025
GDP per capita rank
101/197
2025
27/197
2025
GDP per capita, PPP
$25,089
2024
$62,557
2024
GDP per capita PPP rank
82/197
2024
30/197
2024
Government debt
$15.3B
2025
$3.9T
2025
Debt-to-GDP ratio
20.1%
2025
116%
2025
Government debt per person
$1,492
2025
$56,819
2025
Government debt per person rank
131/185
2025
8/185
2025
Average annual personal income after taxes
$6,426
2026
$35,062
2026
Market capitalization of domestic companies
$1.57B
2025
$2.37T
2018
Number of millionaires n/a
2,388,000
2026
Number of billionaires n/a
51
2026
Income share by richest 10%
24.2%
2005
25%
2023
Income share by poorest 10%
4.8%
2005
3%
2023
Government expenditure, % of GDP
34.6%
2025
57.5%
2025
Consumer prices inflation
5.62%
2024-2025
0.94%
2024-2025
Central bank interest rate
6.5%
2026
n/a
Unemployment rate
5.7%
2022
7.7%
2025
Population
10333222
68871753

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Azerbaijan France
Government spending Government debt Government spending Government debt
2025 34.6% 20.1% 57.5% 116%
2024 33.9% 21.6% 57.3% 113.2%
2023 32.7% 21.8% 56.8% 109.6%
2022 26.2% 17.3% 58.4% 111.4%
2021 32.2% 26.3% 59.5% 112.8%
2020 40.2% 21.3% 61.7% 114.9%
2019 32.5% 17.7% 55.3% 98.2%
2018 33.2% 18.7% 56.4% 98.5%
2017 35.6% 22.5% 57.7% 98.8%
2016 35.4% 20.6% 57.4% 98.1%
2015 38.7% 18% 57.6% 97%
2014 36.4% 8.53% 58.4% 96.2%
2013 37.8% 6.18% 58.6% 94.6%
2012 36.6% 5.83% 57.9% 91.7%
2011 33.7% 4.97% 57% 88.7%
2010 32% 4.98% 57.7% 86.3%
2009 34.5% 4.73% 58% 84.1%
2008 31.4% 3.22% 54.3% 69.8%
2007 26.1% 4% 53.6% 65.5%
2006 25.3% 5.3% 53.7% 65.4%
2005 22.5% 6.85% 54.3% 68.2%
2004 24.2% 9.71% 54% 66.9%
2003 21.7% 10.7% 54.4% 65.4%
2002 23.1% 11.9% 53.9% 61.3%
2001 16.8% 13% 52.8% 59.3%
2000 18.2% 13.1% 52.6% 59.7%
1999 19.5% 25.4% 53.7% 61.4%
1998 18.7% 14.3% 54% 62.1%
1997 18.5% 11.4% 55.6% 62%
1996 19.8% 16.7% 56% 60.6%
1995 18.9% 19.2% 56% 57.8%
1994 14.7% 11.7% 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/france | CC BY

In 2025, Azerbaijan's government spending was $26.3B, accounting for 34.6% of its GDP, while France spent $1.93T, or 57.5% of GDP.

Debt-to-GDP ratio is 20.1% in Azerbaijan and 116% in France, ranking 174/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

France
1x
Year Deficit/surplus, % of GDP
Azerbaijan France
2025 2.56% -5.11%
2024 4.05% -5.79%
2023 7.92% -5.44%
2022 5.96% -4.74%
2021 4.21% -6.58%
2020 -6.44% -8.93%
2019 8.95% -2.39%
2018 5.43% -2.32%
2017 -1.34% -3.36%
2016 -1.17% -3.76%
2015 -4.83% -3.89%
2014 2.74% -4.57%
2013 1.64% -4.94%
2012 3.71% -5.17%
2011 10.9% -5.3%
2010 13.8% -7.16%
2009 5.86% -7.38%
2008 17.2% -3.5%
2007 2.34% -2.99%
2006 0.66% -2.66%
2005 2.74% -3.5%
2004 1.78% -3.55%
2003 1.6% -4.09%
2002 19.4% -3.18%
2001 21.8% -1.42%
2000 0.14% -1.32%
1999 -1.03% -1.55%
1998 1.63% -2.39%
1997 -0.94% -3.71%
1996 -2.25% -3.89%
1995 -1.34% -5.11%
1994 3.21% -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/france | CC BY

In 2025, Azerbaijan's government surplus, the difference between spending and revenue, was $1.94B, equivalent to 2.56% of GDP. This compares to France's deficit of $172B, or 5.11% of GDP.

Over the past 32 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while France ran a deficit in 32 years. On average, Azerbaijan posted an annual surplus equal to 4.09% of GDP, compared to deficit of 4.22% of GDP for France.

Inflation comparison by year

Inflation
Azerbaijan

France
1x
Year Consumer prices inflation
Azerbaijan France
2025 5.62% 0.94%
2024 2.21% 2%
2023 8.79% 4.88%
2022 13.9% 5.22%
2021 6.65% 1.64%
2020 2.76% 0.48%
2019 2.61% 1.11%
2018 2.27% 1.85%
2017 12.9% 1.03%
2016 12.4% 0.18%
2015 4.03% 0.04%
2014 1.37% 0.51%
2013 2.42% 0.86%
2012 1.07% 1.95%
2011 7.86% 2.11%
2010 5.73% 1.53%
2009 1.46% 0.09%
2008 20.8% 2.81%
2007 16.7% 1.49%
2006 8.33% 1.68%
2005 9.68% 1.75%
2004 6.71% 2.14%
2003 2.23% 2.1%
2002 2.77% 1.92%
2001 1.55% 1.63%
2000 1.81% 1.68%
1999 -8.53% 0.54%
1998 -0.77% 0.65%
1997 3.67% 1.2%

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

GeoRank.org/economy/azerbaijan/france | CC BY

Over the past 29 years, Azerbaijan has recorded an average annual inflation rate of 5.49%, compared with 1.59% in France. In 2025, inflation was 5.62% in Azerbaijan and 0.94% in France.

Top exports between countries

Azerbaijan
Export category Export value
Raw materials & minerals $144M
Machinery & equipment $6.1M
Chemicals & pharma $3.12M
Raw agricultural goods $2.63M
Miscellaneous $1.61M
Metals $471K
Precious metals & jewellery $185K
Animal & marine products $125K
Textiles & consumer goods $59K
Processed food, beverages & tobacco $18K
France
Export category Export value
Machinery & equipment $203M
Chemicals & pharma $96.7M
Textiles & consumer goods $11.6M
Processed food, beverages & tobacco $11.2M
Raw agricultural goods $5.89M
Metals $5.83M
Wood & paper products $4.84M
Animal & marine products $3.72M
Precious metals & jewellery $3.6M
Raw materials & minerals $3.24M

Balance of trade

Azerbaijan France
Current account balance
$3.48B
2025
-$9.24B
2025
Current account balance ranking
35/190
2025
173/190
2025
Current account balance, % of GDP
+4.58%
2025
-0.27%
2025
Goods imports
$17.7B
2025
$770B
2025
Goods exports
$24.1B
2025
$704B
2025
Service imports
$10.3B
2025
$370B
2025
Service exports
$8.6B
2025
$429B
2025
Imports of goods and services, % of GDP
36.8%
2025
33.8%
2025
Exports of goods and services, % of GDP
43%
2025
33.4%
2025

Economic freedom indices

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

Azerbaijan France
Economic freedom 64.3 64.6
Economic freedom ranking 74/197 72/197
Property rights 53.3 91.2
Government integrity 23.6 73.4
Judicial effectiveness 16.5 84.7
Tax burden 87.9 54.6
Government spending 71.3 0.9
Fiscal health 99.1 34.8
Business freedom 71.2 78.4
Labor freedom 56.9 59.1
Monetary freedom 76 73.2
Trade freedom 75.8 79.4
Investment freedom 70 75
Financial freedom 70 70

Economic freedom comparison by year

Azerbaijan
France
1x
Year Economic freedom index
Azerbaijan France
2026 64.3 64.6
2025 62.5 64.4
2024 61.6 62.5
2023 61.4 63.6
2022 61.6 65.9
2021 70.1 65.7
2020 69.3 66
2019 65.4 63.8
2018 64.3 63.9
2017 63.6 63.3
2016 60.2 62.3
2015 61 62.5
2014 61.3 63.5
2013 59.7 64.1
2012 58.9 63.2
2011 59.7 64.6
2010 58.8 64.2
2009 58 63.3
2008 55.3 64.7
2007 54.6 62.1
2006 53.2 61.1
2005 54.4 60.5
2004 53.4 60.9
2003 54.1 59.2
2002 53.3 58
2001 50.3 58
2000 49.8 57.4
1999 47.4 59.1
1998 43.1 58.9
1997 34 59.1
1996 30 63.7
1995 - 64.4

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

GeoRank.org/economy/azerbaijan/france | CC BY

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan France
Services, % of GDP
45.3%
2025
70.9%
2025
Industry, % of GDP
39.5%
2025
16.8%
2025
Agriculture, forestry, and fishing, % of GDP
5.93%
2025
1.4%
2025
GNI, Atlas method
$75.4B
2025
$3.34T
2025
GNI per capita, PPP
$25,430
2025
$65,110
2025
Total reserves including gold
$13.6B
2025
$428B
2025
Total reserves ranking
74/177
2025
12/177
2025
Net foreign direct investment
$536M
2025
$7.24B
2025
Net inflows of foreign direct investment
$231M
2024
$52.1B
2024
Net outflows of foreign direct investment
$742M
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
5.82%
2024
n/a
Poverty at national poverty lines
6%
2012
15.6%
2021
Gross capital formation, % of GDP
18.9%
2025
21.9%
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/azerbaijan/france | 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 (1880–1994, 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)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.