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Economy of Bahrain vs Finland compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $299B for Finland, ranking 96/197 and 47/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $245B (82.1% of GDP) in Finland.

Bahrain vs Finland GDP by year

Bahrain
Finland
1x
Year GDP, current $
Bahrain Finland
2024 $47,109,734,309 $298,696,961,298
2023 $46,192,260,638 $295,021,982,463
2022 $46,458,191,489 $280,253,099,309
2021 $40,840,212,766 $294,223,210,496
2020 $35,837,632,979 $270,000,311,606
2019 $40,446,808,511 $267,014,821,129
2018 $39,567,978,723 $273,869,255,596
2017 $37,204,813,830 $253,846,138,440
2016 $33,884,680,851 $238,777,818,793
2015 $32,523,297,872 $233,210,733,506
2014 $34,772,526,596 $273,478,528,955
2013 $33,823,324,468 $270,268,036,626
2012 $31,963,404,255 $257,443,384,493
2011 $29,914,680,851 $275,126,915,516
2010 $26,805,984,043 $249,429,613,683
2009 $22,938,218,085 $253,480,783,439
2008 $25,710,904,255 $285,698,662,071
2007 $21,730,000,000 $256,360,251,538
2006 $18,504,760,638 $217,044,068,234
2005 $15,968,723,404 $204,859,368,791
2004 $13,150,159,574 $197,458,297,640
2003 $11,074,813,830 $171,612,867,736
2002 $9,593,510,638 $140,360,963,812
2001 $8,976,196,809 $129,519,672,869
2000 $9,062,898,936 $125,967,821,111
1999 $7,528,469,149 $135,234,241,918
1998 $7,031,309,043 $133,990,876,725
1997 $7,219,407,713 $126,862,902,302
1996 $6,938,166,755 $131,991,975,149
1995 $6,651,180,851 $134,060,457,516
1994 $6,330,627,926 $103,182,697,780
1993 $5,913,001,064 $89,112,105,756
1992 $5,402,232,447 $112,537,828,511
1991 $5,248,911,170 $127,794,441,994
1990 $4,809,511,005 $141,446,120,355
1989 $4,393,093,963 $118,991,270,611
1988 $4,209,834,173 $109,039,090,263
1987 $3,856,922,694 $91,564,993,913
1986 $3,470,746,843 $73,511,611,541
1985 $4,152,376,484 $55,856,676,899
1984 $4,440,874,566 $52,870,993,273
1983 $4,247,030,468 $50,956,447,481
1982 $4,145,421,080 $52,784,013,815
1981 $3,943,109,532 $52,440,066,134
1980 $3,493,834,468 $53,649,984,061
1979 $2,710,160,739 $44,469,218,440
1978 $2,272,042,965 $36,259,392,058
1977 $1,989,060,283 $33,502,784,418
1976 $1,581,709,519 $31,852,352,670
1975 $1,099,107,601 $29,475,251,333
1974 $1,042,176,884 $24,851,036,710
1973 $761,132,545 $19,474,098,335
1972 $534,081,184 $14,744,499,570
1971 $422,181,562 $12,528,522,307
1970 $391,577,364 $11,358,529,162
1969 - $10,177,524,839
1968 - $8,916,565,041
1967 - $9,468,272,357
1966 - $9,306,142,172
1965 - $8,680,393,839
1964 - $7,848,987,793
1963 - $6,958,916,548
1962 - $6,407,796,043
1961 - $5,984,433,774
1960 - $5,279,481,824

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

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

GDP per capita in Bahrain vs Finland by year

Bahrain
GDP per capita

GDP per capita, PPP
Finland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Finland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $53,150 $65,378
2023 $29,290 $64,171 $52,834 $63,415
2022 $30,471 $61,678 $50,441 $62,133
2021 $27,148 $54,955 $53,099 $56,790
2020 $24,343 $53,436 $48,829 $53,297
2019 $27,260 $56,600 $48,358 $52,276
2018 $26,324 $51,993 $49,654 $49,249
2017 $24,785 $50,185 $46,085 $47,235
2016 $23,800 $47,429 $43,451 $44,562
2015 $23,734 $48,034 $42,560 $42,258
2014 $26,452 $54,299 $50,074 $41,547
2013 $26,990 $56,310 $49,691 $41,326
2012 $26,439 $56,713 $47,552 $40,739
2011 $25,033 $52,677 $51,060 $40,846
2010 $21,819 $49,255 $46,506 $38,946
2009 $19,465 $48,626 $47,478 $37,988
2008 $23,299 $50,330 $53,769 $40,081
2007 $20,908 $49,347 $48,473 $37,843
2006 $19,267 $48,009 $41,214 $34,440
2005 $17,966 $47,268 $39,050 $32,048
2004 $15,964 $46,317 $37,768 $31,195
2003 $14,486 $45,427 $32,920 $29,043
2002 $13,501 $45,091 $26,989 $28,596
2001 $13,573 $46,162 $24,965 $27,798
2000 $14,214 $45,688 $24,336 $26,783
1999 $12,123 $43,561 $26,180 $24,762
1998 $11,625 $42,281 $26,000 $23,570
1997 $12,255 $40,965 $24,682 $21,787
1996 $12,092 $40,106 $25,757 $20,067
1995 $11,901 $38,839 $26,246 $19,568
1994 $11,629 $37,579 $20,278 $18,458
1993 $11,152 $37,870 $17,589 $17,458
1992 $10,460 $33,648 $22,320 $17,271
1991 $10,434 $31,657 $25,489 $17,563
1990 $9,343 $26,902 $28,366 $18,149
1989 $8,833 - $23,969 -
1988 $8,772 - $22,044 -
1987 $8,333 - $18,565 -
1986 $7,777 - $14,947 -
1985 $9,649 - $11,394 -
1984 $10,697 - $10,830 -
1983 $10,599 - $10,494 -
1982 $10,712 - $10,935 -
1981 $10,557 - $10,925 -
1980 $9,733 - $11,225 -
1979 $7,891 - $9,333 -
1978 $6,926 - $7,629 -
1977 $6,358 - $7,070 -
1976 $5,310 - $6,740 -
1975 $3,880 - $6,256 -
1974 $3,874 - $5,298 -
1973 $2,981 - $4,174 -
1972 $2,206 - $3,178 -
1971 $1,830 - $2,716 -
1970 $1,742 - $2,466 -
1969 - - $2,201 -
1968 - - $1,927 -
1967 - - $2,056 -
1966 - - $2,032 -
1965 - - $1,902 -
1964 - - $1,726 -
1963 - - $1,538 -
1962 - - $1,427 -
1961 - - $1,341 -
1960 - - $1,192 -

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

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $53,150 in Finland, ranking 23/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Finland ranks 27th at $65,378.

Economic indicators

Bahrain Finland
Gross domestic product
$47.1B
2024
$299B
2024
GDP rank
96/197
2024
47/197
2024
GDP growth
2.6%
2023-2024
0.42%
2023-2024
GDP per capita
$29,654
2024
$53,150
2024
GDP per capita rank
42/197
2024
23/197
2024
GDP per capita, PPP
$66,941
2024
$65,378
2024
GDP per capita PPP rank
26/197
2024
27/197
2024
Government debt
$62.8B
2024
$245B
2024
Debt-to-GDP ratio
133.4%
2024
82.1%
2024
Government debt per person
$39,552
2024
$43,662
2024
Government debt per person rank
14/185
2024
12/185
2024
Average annual personal income after taxes
$23,253
2026
$36,394
2026
Market capitalization of domestic companies
$20.4B
2024
$20.3B
2004
Number of billionaires n/a
7
2025
Income share by richest 10% n/a
22.5%
2023
Income share by poorest 10% n/a
3.7%
2023
Government expenditure, % of GDP
29.1%
2024
57.7%
2024
Consumer prices inflation
0.92%
2023-2024
1.57%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
8.34%
2024
Population
1669503
5631965

Spending and national debt comparison by year

Bahrain
Spending

Debt
Finland
Spending

Debt
1x
Year % of GDP
Bahrain Finland
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 57.7% 82.1%
2023 29.1% 123% 55.9% 77.5%
2022 28.4% 111.6% 52.6% 74%
2021 30.6% 122.3% 55.2% 73.2%
2020 34.6% 125.7% 56.5% 75.3%
2019 31.2% 97.1% 52.6% 65.3%
2018 32.1% 90.4% 52.7% 65.3%
2017 30.7% 84% 52.8% 66.6%
2016 33.3% 77.4% 55.1% 68.6%
2015 34.8% 63.2% 55.7% 68.8%
2014 27.3% 42.6% 57.6% 64.8%
2013 32% 42.3% 57.1% 60.8%
2012 31.1% 34.8% 55.7% 57.9%
2011 30.2% 31.6% 53.8% 52%
2010 31.1% 28.8% 54% 50.1%
2009 24.6% 20.5% 54.1% 41.5%
2008 22.7% 12.1% 47.9% 32.6%
2007 22.4% 15.7% 46.7% 33.9%
2006 23.1% 19.4% 48.3% 38%
2005 23.9% 23.2% 49.2% 39.9%
2004 25% 28.2% 48.2% 42.6%
2003 28.1% 31.1% 48.3% 42.7%
2002 30.6% 27.2% 47.5% 40.1%
2001 26.5% 25% 46.2% 40.9%
2000 22.2% 24.7% 46.9% 42.4%
1999 27.1% 24.7% 49.9% 44%
1998 25.7% 20% 51.3% 46.8%
1997 31% 14.8% 54.9% 52.2%
1996 22.7% 13.1% 58.5% 55.4%
1995 25.1% 13.6% 60% 55.2%
1994 26.1% 5.62% 62.2% 56.2%
1993 26.7% 5.95% 63.7% 54.2%
1992 29.4% 6.45% 60.8% 39.3%
1991 28.5% 6.71% 55.8% 21.9%
1990 32.4% 7.24% 47.1% 13.9%
1989 - - 44.4% 14.3%
1988 - - 46.4% 16.5%
1987 - - 47.8% 17.6%
1986 - - 46.9% 16.4%
1985 - - 46.3% 15.8%
1984 - - 44.4% 15.2%
1983 - - 44.4% 15.4%
1982 - - 42.7% 13.9%
1981 - - 41% 11.5%
1980 - - 40.1% 10.9%
1979 - - 40.3% 11%
1978 - - 41.3% 10.7%
1977 - - 41.7% 8.22%
1976 - - 39.8% 7.09%
1975 - - 38.6% 6.76%
1974 - - 22.9% 2.97%
1973 - - 21.8% 4.42%
1972 - - 20.4% 6.46%
1971 - - 22.8% 7.94%
1970 - - 21.9% 9.19%
1969 - - 22.2% 10.8%
1968 - - 25.5% 13.9%
1967 - - 23.5% 14.2%
1966 - - 23.3% 13.7%
1965 - - 23.2% 13%
1964 - - 22.8% 12.5%
1963 - - 21.6% 12.2%
1962 - - 23.9% 10.3%
1961 - - 22.7% 9.12%
1960 - - 22.5% 9.96%

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/bahrain/finland | CC BY

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Finland spent $172B, or 57.7% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 82.1% in Finland, ranking 9/185 and 42/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Finland
1x
Year Deficit/surplus, % of GDP
Bahrain Finland
2024 -10.6% -4.41%
2023 -9.67% -2.98%
2022 -6.02% -0.18%
2021 -10.6% -2.69%
2020 -17.3% -5.53%
2019 -8.57% -0.93%
2018 -11.3% -0.87%
2017 -13.4% -0.63%
2016 -16.6% -1.7%
2015 -17.5% -2.43%
2014 -3.32% -2.99%
2013 -8.55% -2.52%
2012 -5.77% -2.15%
2011 -4.9% -1.01%
2010 -9.29% -2.57%
2009 -5.36% -2.48%
2008 4.08% 4.18%
2007 1.52% 5.12%
2006 2.24% 3.93%
2005 2.8% 2.59%
2004 0.24% 2.16%
2003 -1.7% 2.34%
2002 -3.27% 3.97%
2001 0.7% 4.89%
2000 7.33% 6.73%
1999 -4.85% 1.6%
1998 -5.49% 1.54%
1997 -6.39% -1.33%
1996 0.24% -3.37%
1995 -3.99% -5.98%
1994 -5.18% -6.41%
1993 -2.77% -8.09%
1992 -5.41% -4.88%
1991 -3.47% 0.3%
1990 -6.79% 6.63%
1989 - 6.73%
1988 - 5.09%
1987 - 1.63%
1986 - 3.83%
1985 - 3.33%
1984 - 3.23%
1983 - 1.52%
1982 - 3.06%
1981 - 5.11%
1980 - 3.7%
1979 - 3.41%
1978 - 3.83%
1977 - 6.27%
1976 - 7.65%
1975 - 4.96%
1974 - -0.03%
1973 - 1.48%
1972 - -0.18%
1971 - 0.15%
1970 - 1.06%
1969 - 0.94%
1968 - -1.69%
1967 - -0.26%
1966 - -1.08%
1965 - -1.67%
1964 - -1.35%
1963 - -2.5%
1962 - -2.37%
1961 - -3.03%
1960 - -0.52%
1959 - -0.12%
1958 - -1.73%
1957 - 0.08%
1956 - -1.14%
1955 - -1%
1954 - -0.17%
1953 - 0.02%
1952 - -1.24%
1951 - 1.1%
1950 - -0.26%
1949 - -2.77%
1948 - 1.88%
1947 - -5.99%
1946 - -15.3%
1945 - -6.35%
1944 - -21.5%
1943 - -14.2%
1942 - -16.4%
1941 - -35.8%
1940 - -36.9%
1939 - -9.76%
1938 - -1.48%
1937 - -4.44%
1936 - -3.75%
1935 - -3.81%
1934 - -2.81%
1933 - -1.63%
1932 - -2.61%
1931 - -2.32%
1930 - -1.94%
1929 - -0.78%
1928 - -2.07%
1927 - -0.32%
1926 - -2.9%
1925 - -2.92%
1924 - 0.04%
1923 - -2.3%
1922 - 0.62%
1921 - -2.59%
1920 - -2.6%
1919 - -7.49%
1918 - -11.4%
1917 - -1.27%
1916 - 1.48%
1915 - -0.29%
1914 - -1.15%
1913 - -0.25%
1912 - 0.33%
1911 - -0.14%
1910 - -0.3%
1909 - -2.64%
1908 - -1.92%
1907 - 0.24%
1906 - 0.86%
1905 - -1.28%
1904 - -1.63%
1903 - -0.3%
1902 - -1.74%
1901 - -2.13%
1900 - -0.52%
1899 - -1%
1898 - -4.55%
1897 - -0.37%
1896 - -0.56%
1895 - -1.21%
1894 - -0.62%
1893 - 0%
1892 - 0.82%
1891 - 0.16%
1890 - 0.17%
1889 - 0.18%
1888 - -0.59%
1887 - -1.46%
1886 - 0%
1885 - -1.2%
1884 - -0.2%
1883 - 0%
1882 - 0.2%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/finland | 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 Finland's deficit of $13.2B, or 4.41% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Finland ran a deficit in 22 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 0.58% of GDP for Finland.

Inflation comparison by year

Inflation
Bahrain

Finland
1x
Year Consumer prices inflation
Bahrain Finland
2024 0.92% 1.57%
2023 0.07% 6.25%
2022 3.63% 7.12%
2021 -0.61% 2.19%
2020 -2.32% 0.29%
2019 1.01% 1.02%
2018 2.09% 1.08%
2017 1.39% 0.75%
2016 2.79% 0.36%
2015 1.85% -0.21%
2014 2.65% 1.04%
2013 3.3% 1.48%
2012 2.76% 2.81%
2011 -0.4% 3.42%
2010 1.96% 1.18%
2009 2.8% -0%
2008 3.53% 4.07%
2007 3.26% 2.51%
2006 2.01% 1.57%
2005 2.59% 0.62%
2004 2.35% 0.19%
2003 1.59% 0.88%
2002 -0.5% 1.57%
2001 -1.21% 2.58%
2000 -0.7% 3.04%
1999 -1.29% 1.16%
1998 -0.37% 1.4%
1997 2.43% 1.19%

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

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

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 1.83% in Finland. In 2024, inflation was 0.92% in Bahrain and 1.57% in Finland.

Top exports between countries

Bahrain
Export category Export value
Metals $3.72M
Textiles & consumer goods $541K
Chemicals & pharma $338K
Machinery & equipment $6K
Miscellaneous $4K
Raw materials & minerals $4K
Finland
Export category Export value
Machinery & equipment $6.48M
Metals $729K
Wood & paper products $572K
Textiles & consumer goods $392K
Animal & marine products $217K
Raw materials & minerals $211K
Chemicals & pharma $175K
Processed food, beverages & tobacco $39K
Precious metals & jewellery $8K
Raw agricultural goods $4K

Balance of trade

Bahrain Finland
Current account balance
$2.28B
2024
-$1.99B
2024
Current account balance ranking
44/190
2024
143/190
2024
Current account balance, % of GDP
+4.84%
2024
-0.67%
2024
Goods imports
$20.7B
2024
$76.6B
2024
Goods exports
$24.3B
2024
$83.1B
2024
Service imports
$12.4B
2024
$47.4B
2024
Service exports
$17B
2024
$42B
2024
Imports of goods and services, % of GDP
70.1%
2024
41.6%
2024
Exports of goods and services, % of GDP
87.7%
2024
41.9%
2024

Economic freedom indices

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

Bahrain Finland
Economic freedom 65.7 76.6
Economic freedom ranking 63/197 15/197
Property rights 60.9 99.9
Government integrity 45.9 95.4
Judicial effectiveness 30 96.4
Tax burden 99.9 68.4
Government spending 75 7.9
Fiscal health 0 76.3
Business freedom 75.9 85.3
Labor freedom 55.5 65.4
Monetary freedom 88.8 80.3
Trade freedom 86.8 79.4
Investment freedom 90 85
Financial freedom 80 80

Economic freedom comparison by year

Bahrain
Finland
1x
Year Economic freedom index
Bahrain Finland
2026 65.7 76.6
2025 65.6 77
2024 63.4 76.3
2023 62.5 77.1
2022 62 78.3
2021 69.9 76.1
2020 66.3 75.7
2019 66.4 74.9
2018 67.7 74.1
2017 68.5 74
2016 74.3 72.6
2015 73.4 73.4
2014 75.1 73.4
2013 75.5 74
2012 75.2 72.3
2011 77.7 74
2010 76.3 73.8
2009 74.8 74.5
2008 72.2 74.6
2007 71.2 74
2006 71.6 72.9
2005 71.2 71
2004 75.1 73.4
2003 76.3 73.7
2002 75.6 73.6
2001 75.9 69.7
2000 75.7 64.3
1999 75.2 63.9
1998 75.6 63.5
1997 76.1 65.2
1996 76.4 63.7
1995 76.2 -

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 76.6 for Finland, ranking 15/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Finland
Services, % of GDP
53.2%
2024
62.2%
2024
Industry, % of GDP
42.3%
2024
22.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
2.47%
2024
GNI, Atlas method
$44.6B
2024
$290B
2024
GNI per capita, PPP
$62,230
2024
$65,640
2024
Total reserves including gold
$4.95B
2024
$18B
2024
Total reserves ranking
102/177
2024
65/177
2024
Net foreign direct investment
-$2.43B
2024
$3.28B
2024
Net inflows of foreign direct investment
$2.7B
2024
$8.74B
2024
Net outflows of foreign direct investment
$275M
2024
$12B
2024
Poverty at national poverty lines n/a
12.2%
2022
Gross capital formation, % of GDP
28.4%
2024
22.3%
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/finland | 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 (1882–1989, 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)
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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.

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.