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Economy of Bahrain vs Brazil compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $2.19T for Brazil, ranking 96/197 and 10/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $1.91T (87.3% of GDP) in Brazil.

Bahrain vs Brazil GDP by year

Bahrain
Brazil
1x
Year GDP, current $
Bahrain Brazil
2024 $47,109,734,309 $2,185,821,648,944
2023 $46,192,260,638 $2,191,131,869,706
2022 $46,458,191,489 $1,951,923,832,084
2021 $40,840,212,766 $1,670,647,464,063
2020 $35,837,632,979 $1,476,107,292,152
2019 $40,446,808,511 $1,873,288,158,839
2018 $39,567,978,723 $1,916,933,708,353
2017 $37,204,813,830 $2,063,514,688,806
2016 $33,884,680,851 $1,795,693,265,999
2015 $32,523,297,872 $1,802,211,999,456
2014 $34,772,526,596 $2,456,043,766,032
2013 $33,823,324,468 $2,472,819,362,044
2012 $31,963,404,255 $2,465,228,293,707
2011 $29,914,680,851 $2,616,156,606,579
2010 $26,805,984,043 $2,208,838,108,484
2009 $22,938,218,085 $1,666,996,294,252
2008 $25,710,904,255 $1,695,855,391,758
2007 $21,730,000,000 $1,397,114,247,189
2006 $18,504,760,638 $1,107,626,711,163
2005 $15,968,723,404 $891,633,826,625
2004 $13,150,159,574 $669,289,321,945
2003 $11,074,813,830 $558,233,724,165
2002 $9,593,510,638 $509,795,270,685
2001 $8,976,196,809 $559,983,704,094
2000 $9,062,898,936 $655,448,188,259
1999 $7,528,469,149 $599,642,075,004
1998 $7,031,309,043 $863,711,007,325
1997 $7,219,407,713 $883,206,452,795
1996 $6,938,166,755 $850,426,433,004
1995 $6,651,180,851 $769,333,330,412
1994 $6,330,627,926 $525,369,851,354
1993 $5,913,001,064 $368,295,778,245
1992 $5,402,232,447 $328,187,960,872
1991 $5,248,911,170 $342,609,231,343
1990 $4,809,511,005 $390,725,626,003
1989 $4,393,093,963 $412,990,820,287
1988 $4,209,834,173 $307,881,930,752
1987 $3,856,922,694 $283,056,836,894
1986 $3,470,746,843 $256,480,852,471
1985 $4,152,376,484 $210,879,844,639
1984 $4,440,874,566 $188,339,974,087
1983 $4,247,030,468 $189,656,506,321
1982 $4,145,421,080 $271,314,113,768
1981 $3,943,109,532 $258,015,174,749
1980 $3,493,834,468 $237,393,489,893
1979 $2,710,160,739 $221,338,204,480
1978 $2,272,042,965 $200,278,646,124
1977 $1,989,060,283 $176,344,101,402
1976 $1,581,709,519 $153,168,949,208
1975 $1,099,107,601 $129,203,555,239
1974 $1,042,176,884 $109,794,519,728
1973 $761,132,545 $83,592,275,863
1972 $534,081,184 $58,434,858,375
1971 $422,181,562 $48,869,830,902
1970 $391,577,364 $42,327,664,794
1969 - $37,171,640,819
1968 - $33,930,457,425
1967 - $31,086,389,195
1966 - $28,283,323,733
1965 - $22,465,522,884
1964 - $20,963,733,695
1963 - $23,287,712,878
1962 - $19,231,747,852
1961 - $17,275,940,449
1960 - $17,030,465,539

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

GeoRank.org/economy/bahrain/brazil | CC BY

GDP per capita in Bahrain vs Brazil by year

Bahrain
GDP per capita

GDP per capita, PPP
Brazil
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Brazil
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $10,311 $22,338
2023 $29,290 $64,171 $10,378 $21,176
2022 $30,471 $61,678 $9,281 $19,877
2021 $27,148 $54,955 $7,973 $18,076
2020 $24,343 $53,436 $7,074 $16,102
2019 $27,260 $56,600 $9,030 $16,070
2018 $26,324 $51,993 $9,301 $15,464
2017 $24,785 $50,185 $10,081 $14,559
2016 $23,800 $47,429 $8,836 $14,309
2015 $23,734 $48,034 $8,936 $14,821
2014 $26,452 $54,299 $12,275 $15,827
2013 $26,990 $56,310 $12,459 $15,722
2012 $26,439 $56,713 $12,522 $15,198
2011 $25,033 $52,677 $13,397 $15,212
2010 $21,819 $49,255 $11,403 $14,452
2009 $19,465 $48,626 $8,679 $13,391
2008 $23,299 $50,330 $8,908 $13,445
2007 $20,908 $49,347 $7,410 $12,673
2006 $19,267 $48,009 $5,934 $11,751
2005 $17,966 $47,268 $4,828 $11,081
2004 $15,964 $46,317 $3,664 $10,526
2003 $14,486 $45,427 $3,091 $9,802
2002 $13,501 $45,091 $2,856 $9,617
2001 $13,573 $46,162 $3,176 $9,304
2000 $14,214 $45,688 $3,767 $9,092
1999 $12,123 $43,561 $3,494 $8,635
1998 $11,625 $42,281 $5,106 $8,599
1997 $12,255 $40,965 $5,299 $8,602
1996 $12,092 $40,106 $5,179 $8,301
1995 $11,901 $38,839 $4,757 $8,097
1994 $11,629 $37,579 $3,299 $7,727
1993 $11,152 $37,870 $2,349 $7,260
1992 $10,460 $33,648 $2,127 $6,869
1991 $10,434 $31,657 $2,258 $6,867
1990 $9,343 $26,902 $2,620 $6,688
1989 $8,833 - $2,819 -
1988 $8,772 - $2,141 -
1987 $8,333 - $2,006 -
1986 $7,777 - $1,854 -
1985 $9,649 - $1,556 -
1984 $10,697 - $1,420 -
1983 $10,599 - $1,461 -
1982 $10,712 - $2,138 -
1981 $10,557 - $2,080 -
1980 $9,733 - $1,959 -
1979 $7,891 - $1,870 -
1978 $6,926 - $1,733 -
1977 $6,358 - $1,562 -
1976 $5,310 - $1,390 -
1975 $3,880 - $1,201 -
1974 $3,874 - $1,045 -
1973 $2,981 - $815 -
1972 $2,206 - $583 -
1971 $1,830 - $500 -
1970 $1,742 - $444 -
1969 - - $399 -
1968 - - $374 -
1967 - - $351 -
1966 - - $328 -
1965 - - $268 -
1964 - - $257.3 -
1963 - - $294.2 -
1962 - - $250.2 -
1961 - - $231.6 -
1960 - - $235.3 -

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

GeoRank.org/economy/bahrain/brazil | CC BY

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $10,311 in Brazil, ranking 85/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Brazil ranks 88th at $22,338.

Economic indicators

Bahrain Brazil
Gross domestic product
$47.1B
2024
$2.19T
2024
GDP rank
96/197
2024
10/197
2024
GDP growth
2.6%
2023-2024
3.42%
2023-2024
GDP per capita
$29,654
2024
$10,311
2024
GDP per capita rank
42/197
2024
85/197
2024
GDP per capita, PPP
$66,941
2024
$22,338
2024
GDP per capita PPP rank
26/197
2024
88/197
2024
Government debt
$62.8B
2024
$1.91T
2024
Debt-to-GDP ratio
133.4%
2024
87.3%
2024
Government debt per person
$39,552
2024
$8,999
2024
Government debt per person rank
14/185
2024
60/185
2024
Average annual personal income after taxes
$23,253
2026
$6,263
2026
Market capitalization of domestic companies
$20.4B
2024
$659B
2024
Number of millionaires n/a
433,000
2025
Number of billionaires n/a
56
2025
Income share by richest 10% n/a
40.8%
2023
Income share by poorest 10% n/a
1.3%
2023
Government expenditure, % of GDP
29.1%
2024
45.7%
2024
Consumer prices inflation
0.92%
2023-2024
4.4%
2023-2024
Central bank interest rate
4.25%
2025
15%
2025
Unemployment rate
1.2%
2012
6.8%
2024
Population
1669503
213824938

Spending and national debt comparison by year

Bahrain
Spending

Debt
Brazil
Spending

Debt
1x
Year % of GDP
Bahrain Brazil
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 45.7% 87.3%
2023 29.1% 123% 45.3% 84%
2022 28.4% 111.6% 43.4% 83.9%
2021 30.6% 122.3% 40.4% 88.9%
2020 34.6% 125.7% 46.2% 96%
2019 31.2% 97.1% 43% 87.1%
2018 32.1% 90.4% 44.2% 84.8%
2017 30.7% 84% 44.3% 82.7%
2016 33.3% 77.4% 45.5% 77.4%
2015 34.8% 63.2% 46.2% 71.7%
2014 27.3% 42.6% 41.4% 61.6%
2013 32% 42.3% 39.8% 59.6%
2012 31.1% 34.8% 39.3% 61.6%
2011 30.2% 31.6% 39.4% 60.6%
2010 31.1% 28.8% 39.5% 62.4%
2009 24.6% 20.5% 40.5% 64.7%
2008 22.7% 12.1% 39.9% 61.4%
2007 22.4% 15.7% 40.4% 63%
2006 23.1% 19.4% 42.6% 64.6%
2005 23.9% 23.2% 41.9% 67%
2004 25% 28.2% 39.7% 68%
2003 28.1% 31.1% 41.3% 71.5%
2002 30.6% 27.2% 44.5% 76.1%
2001 26.5% 25% 39.8% 67.3%
2000 22.2% 24.7% 34.5% 62.2%
1999 27.1% 24.7% 39.6% 44.5%
1998 25.7% 20% 40.9% 38.9%
1997 31% 14.8% 38.6% 31.8%
1996 22.7% 13.1% 38.2% 30.7%
1995 25.1% 13.6% - 28%
1994 26.1% 5.62% - 30%
1993 26.7% 5.95% - 32.6%
1992 29.4% 6.45% - 37.1%
1991 28.5% 6.71% - 38.1%
1990 32.4% 7.24% - 40.6%
1989 - - - 40.2%
1988 - - - 46.9%
1987 - - - 50.3%
1986 - - 11.7% 49.4%
1985 - - 11.1% 52.6%
1984 - - 10% 55.8%
1983 - - 9.7% 51.5%
1982 - - 8.1% 32.8%
1981 - - 7.8% 34.6%
1980 - - 6.8% 39.7%
1979 - - 9% 36.6%
1978 - - 10.2% 37%
1977 - - 10.4% 31%
1976 - - 10.6% 31.8%
1975 - - 10.7% 27.7%
1974 - - 10.5% 25.7%
1973 - - 11% 22.4%
1972 - - 12.6% 22.5%
1971 - - 11.7% 17.9%
1970 - - 11.4% 17%
1969 - - 11.2% 16.5%
1968 - - 14.4% 15.8%
1967 - - 13.5% 13.8%
1966 - - 14.6% 19.6%
1965 - - 14% 17.6%
1964 - - 25.4% 22.2%
1963 - - 22.8% 20.4%
1962 - - 23.1% 23.7%
1961 - - 12% 25.7%
1960 - - 13.7% 22.3%

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/bahrain/brazil | CC BY

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Brazil spent $998B, or 45.7% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 87.3% in Brazil, ranking 9/185 and 38/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Brazil
1x
Year Deficit/surplus, % of GDP
Bahrain Brazil
2024 -10.6% -6.19%
2023 -9.67% -7.71%
2022 -6.02% -3.96%
2021 -10.6% -2.63%
2020 -17.3% -11.6%
2019 -8.57% -4.86%
2018 -11.3% -6.99%
2017 -13.4% -7.97%
2016 -16.6% -7.99%
2015 -17.5% -9.28%
2014 -3.32% -6.27%
2013 -8.55% -3.42%
2012 -5.77% -2.35%
2011 -4.9% -2.74%
2010 -9.29% -3.55%
2009 -5.36% -4.23%
2008 4.08% -2.39%
2007 1.52% -2.66%
2006 2.24% -4.87%
2005 2.8% -3.36%
2004 0.24% -2.95%
2003 -1.7% -5.4%
2002 -3.27% -4.15%
2001 0.7% -3.47%
2000 7.33% -3.32%
1999 -4.85% -5.17%
1998 -5.49% -7.22%
1997 -6.39% -5.6%
1996 0.24% -5.35%
1995 -3.99% -
1994 -5.18% -
1993 -2.77% -
1992 -5.41% -
1991 -3.47% -
1990 -6.79% -
1989 - -
1988 - -
1987 - -
1986 - -1.6%
1985 - -1.3%
1984 - -0.4%
1983 - 0.1%
1982 - 1.4%
1981 - 1%
1980 - 2.5%
1979 - 0.4%
1978 - -0.1%
1977 - 0.1%
1976 - 0.1%
1975 - 0%
1974 - 0.6%
1973 - 0.1%
1972 - -0.1%
1971 - -0.3%
1970 - -0.4%
1969 - -0.6%
1968 - -1.6%
1967 - -2.1%
1966 - -1.3%
1965 - -2%
1964 - -8.79%
1963 - -5.78%
1962 - -6.82%
1961 - -2.93%
1960 - -3.85%
1959 - -0.18%
1958 - -0.76%
1957 - -0.29%
1956 - -0.14%
1955 - -0.62%
1954 - -0.49%
1953 - -1.26%
1952 - 0.64%
1951 - 0.87%
1950 - -1.58%
1949 - -1.22%
1948 - 0.002%
1947 - 0.25%
1946 - -1.78%
1945 - -2.87%
1944 - -2.37%
1943 - -0.75%
1942 - -2.55%
1941 - -2.15%
1940 - -1.13%
1939 - -1.2%
1938 - -0.59%
1937 - -1.62%
1936 - -0.27%
1935 - -0.5%
1934 - -2.28%
1933 - -1.56%
1932 - -6.47%
1931 - -1.56%
1930 - -3.58%
1929 - -0.09%
1928 - 0.57%
1927 - 0.12%
1926 - -0.76%
1925 - -0.07%
1924 - -0.45%
1923 - -1.94%
1922 - -3.8%
1921 - -2.98%
1920 - -3.11%
1919 - -3.69%
1918 - -4.51%
1917 - -4.8%
1916 - -4.35%
1915 - -6.33%
1914 - -7.32%
1913 - -1.91%
1912 - -3.05%
1911 - -2.15%
1910 - -2.06%
1909 - -1.62%
1908 - -1.89%
1907 - 0.38%
1906 - 0.28%
1905 - 0.96%
1904 - -0.62%
1903 - 1.79%
1902 - 1.59%
1901 - -2.46%
1900 - -5.57%
1899 - -2.13%
1898 - -14%
1897 - -2.38%
1896 - -0.79%
1895 - -1.33%
1894 - -4.11%
1893 - -1.77%
1892 - -2.6%
1891 - 0.51%
1890 - -3.02%
1889 - -3.79%
1888 - 0.63%
1887 - -0.76%
1886 - -3.8%
1885 - -5.71%
1884 - -3.89%
1883 - -3.33%
1882 - -1.58%
1881 - -1.9%
1880 - -4.84%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/brazil | CC BY

In 2024, Bahrain's government deficit, the difference between spending and revenue, was $5B, equivalent to 10.6% of GDP. This compares to Brazil's deficit of $135B, or 6.19% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Brazil ran a deficit in 29 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 5.09% of GDP for Brazil.

Inflation comparison by year

Inflation
Bahrain

Brazil
1x
Year Consumer prices inflation
Bahrain Brazil
2024 0.92% 4.4%
2023 0.07% 4.6%
2022 3.63% 9.3%
2021 -0.61% 8.3%
2020 -2.32% 3.2%
2019 1.01% 3.7%
2018 2.09% 3.7%
2017 1.39% 3.4%
2016 2.79% 8.7%
2015 1.85% 9%
2014 2.65% 6.3%
2013 3.3% 6.2%
2012 2.76% 5.4%
2011 -0.4% 6.6%
2010 1.96% 5%
2009 2.8% 4.9%
2008 3.53% 5.7%
2007 3.26% 3.6%
2006 2.01% 4.2%
2005 2.59% 6.9%
2004 2.35% 6.6%
2003 1.59% 14.7%
2002 -0.5% 8.4%
2001 -1.21% 6.8%
2000 -0.7% 7%
1999 -1.29% 4.9%
1998 -0.37% 3.2%
1997 2.43% 6.9%

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/bahrain/brazil | CC BY

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 6.13% in Brazil. In 2024, inflation was 0.92% in Bahrain and 4.4% in Brazil.

Top exports between countries

Bahrain
Export category Export value
Metals $82.1M
Raw materials & minerals $76M
Textiles & consumer goods $1.65M
Chemicals & pharma $221K
Machinery & equipment $119K
Processed food, beverages & tobacco $5K
Miscellaneous $3K
Brazil
Export category Export value
Raw materials & minerals $902M
Animal & marine products $54.2M
Processed food, beverages & tobacco $31.6M
Metals $6.79M
Wood & paper products $5.68M
Machinery & equipment $816K
Textiles & consumer goods $770K
Chemicals & pharma $641K
Raw agricultural goods $454K
Weapons & explosives $82K

Balance of trade

Bahrain Brazil
Current account balance
$2.28B
2024
-$66.2B
2024
Current account balance ranking
44/190
2024
188/190
2024
Current account balance, % of GDP
+4.84%
2024
-3.03%
2024
Goods imports
$20.7B
2024
$274B
2024
Goods exports
$24.3B
2024
$340B
2024
Service imports
$12.4B
2024
$103B
2024
Service exports
$17B
2024
$48.1B
2024
Imports of goods and services, % of GDP
70.1%
2024
17.6%
2024
Exports of goods and services, % of GDP
87.7%
2024
17.9%
2024

Economic freedom indices

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

Bahrain Brazil
Economic freedom 65.7 52.4
Economic freedom ranking 63/197 148/197
Property rights 60.9 49.2
Government integrity 45.9 37.2
Judicial effectiveness 30 55.6
Tax burden 99.9 70.6
Government spending 75 39.8
Fiscal health 0 28
Business freedom 75.9 65.7
Labor freedom 55.5 57
Monetary freedom 88.8 76
Trade freedom 86.8 69
Investment freedom 90 40
Financial freedom 80 40

Economic freedom comparison by year

Bahrain
Brazil
1x
Year Economic freedom index
Bahrain Brazil
2026 65.7 52.4
2025 65.6 55.1
2024 63.4 53.2
2023 62.5 53.5
2022 62 53.3
2021 69.9 53.4
2020 66.3 53.7
2019 66.4 51.9
2018 67.7 51.4
2017 68.5 52.9
2016 74.3 56.5
2015 73.4 56.6
2014 75.1 56.9
2013 75.5 57.7
2012 75.2 57.9
2011 77.7 56.3
2010 76.3 55.6
2009 74.8 56.7
2008 72.2 56.2
2007 71.2 56.2
2006 71.6 60.9
2005 71.2 61.7
2004 75.1 62
2003 76.3 63.4
2002 75.6 61.5
2001 75.9 61.9
2000 75.7 61.1
1999 75.2 61.3
1998 75.6 52.3
1997 76.1 52.6
1996 76.4 48.1
1995 76.2 51.4

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

GeoRank.org/economy/bahrain/brazil | CC BY

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 52.4 for Brazil, ranking 148/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Brazil
Services, % of GDP
53.2%
2024
59.2%
2024
Industry, % of GDP
42.3%
2024
20.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
5.75%
2024
GNI, Atlas method
$44.6B
2024
$2.11T
2024
GNI per capita, PPP
$62,230
2024
$21,590
2024
Total reserves including gold
$4.95B
2024
$330B
2024
Total reserves ranking
102/177
2024
11/177
2024
Net foreign direct investment
-$2.43B
2024
-$47.8B
2024
Net inflows of foreign direct investment
$2.7B
2024
$74.1B
2024
Net outflows of foreign direct investment
$275M
2024
$26.3B
2024
Servicing debt to the IMF, % of GNI n/a
5.4%
2024
Poverty at national poverty lines n/a
4.2%
2020
Gross capital formation, % of GDP
28.4%
2024
17%
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/bahrain/brazil | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20)
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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.