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Economy of Bahrain vs Mexico compared: GDP & Debt

Updated on by Georank

Bahrain has a GDP of $49B compared to $1.83T for Mexico, ranking 98/197 and 14/197 by economy size, respectively.

Bahrain has $72.3B in government debt (147.6% of GDP), compared to $1.13T (61.8% of GDP) in Mexico.

Bahrain vs Mexico GDP by year

Bahrain
Mexico
1x
Year GDP, current $
Bahrain Mexico
2025 $48,965,725,532 $1,832,641,364,776
2024 $47,210,732,713 $1,830,489,311,089
2023 $46,192,260,638 $1,794,410,347,718
2022 $46,458,191,489 $1,466,934,724,243
2021 $40,840,212,766 $1,316,569,466,834
2020 $35,837,632,979 $1,121,064,767,169
2019 $40,446,808,511 $1,304,106,204,006
2018 $39,567,978,723 $1,256,300,182,984
2017 $37,204,813,830 $1,190,721,475,853
2016 $33,884,680,851 $1,112,233,497,453
2015 $32,523,297,872 $1,213,294,467,654
2014 $34,772,526,596 $1,364,507,717,689
2013 $33,823,324,468 $1,327,436,290,439
2012 $31,963,404,255 $1,255,110,424,742
2011 $29,914,680,851 $1,229,013,703,417
2010 $26,805,984,043 $1,105,424,238,652
2009 $22,938,218,085 $943,437,414,951
2008 $25,710,904,255 $1,161,553,459,985
2007 $21,730,000,000 $1,102,355,554,880
2006 $18,504,760,638 $1,020,265,057,882
2005 $15,968,723,404 $917,571,853,437
2004 $13,150,159,574 $819,459,227,375
2003 $11,074,813,830 $765,549,967,889
2002 $9,593,510,638 $810,666,116,402
2001 $8,976,196,809 $796,064,590,549
2000 $9,062,898,936 $742,061,329,749
1999 $7,528,469,149 $631,249,359,702
1998 $7,031,309,043 $557,461,102,631
1997 $7,219,407,713 $523,449,530,464
1996 $6,938,166,755 $432,157,945,024
1995 $6,651,180,851 $380,157,469,867
1994 $6,330,627,926 $553,618,247,901
1993 $5,913,001,064 $530,160,763,663
1992 $5,402,232,447 $363,157,832,924
1991 $5,248,911,170 $313,139,656,146
1990 $4,809,511,005 $261,253,675,693
1989 $4,393,093,963 $221,403,098,267
1988 $4,209,834,173 $181,611,150,497
1987 $3,856,922,694 $147,542,558,209
1986 $3,470,746,843 $134,556,034,673
1985 $4,152,376,484 $195,241,069,482
1984 $4,440,874,566 $184,230,754,105
1983 $4,247,030,468 $156,167,000,433
1982 $4,145,421,080 $184,602,611,610
1981 $3,943,109,532 $263,797,827,860
1980 $3,493,834,468 $205,577,055,466
1979 $2,710,160,739 $134,531,900,899
1978 $2,272,042,965 $102,648,570,299
1977 $1,989,060,283 $81,912,018,784
1976 $1,581,709,519 $88,875,923,765
1975 $1,099,107,601 $88,000,000,000
1974 $1,042,176,884 $72,000,000,000
1973 $761,132,545 $55,280,000,000
1972 $534,081,184 $45,200,000,000
1971 $422,181,562 $39,200,000,000
1970 $391,577,364 $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Bahrain vs Mexico by year

Bahrain
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,597 - $13,889 -
2024 $29,717 $66,941 $13,988 $26,185
2023 $29,290 $64,171 $13,831 $25,243
2022 $30,471 $61,678 $11,406 $23,135
2021 $27,148 $54,955 $10,314 $20,783
2020 $24,343 $53,436 $8,841 $19,354
2019 $27,260 $56,600 $10,370 $20,964
2018 $26,324 $51,993 $10,085 $20,921
2017 $24,785 $50,185 $9,649 $20,489
2016 $23,800 $47,429 $9,098 $20,105
2015 $23,734 $48,034 $10,021 $19,071
2014 $26,452 $54,299 $11,391 $18,821
2013 $26,990 $56,310 $11,217 $18,170
2012 $26,439 $56,713 $10,744 $18,005
2011 $25,033 $52,677 $10,664 $17,267
2010 $21,819 $49,255 $9,729 $15,909
2009 $19,465 $48,626 $8,424 $15,191
2008 $23,299 $50,330 $10,524 $15,681
2007 $20,908 $49,347 $10,134 $15,032
2006 $19,267 $48,009 $9,513 $14,540
2005 $17,966 $47,268 $8,672 $13,260
2004 $15,964 $46,317 $7,850 $12,658
2003 $14,486 $45,427 $7,434 $12,066
2002 $13,501 $45,091 $7,983 $11,762
2001 $13,573 $46,162 $7,953 $11,739
2000 $14,214 $45,688 $7,524 $11,705
1999 $12,123 $43,561 $6,500 $11,031
1998 $11,625 $42,281 $5,833 $10,756
1997 $12,255 $40,965 $5,567 $10,182
1996 $12,092 $40,106 $4,674 $9,496
1995 $11,901 $38,839 $4,184 $8,933
1994 $11,629 $37,579 $6,202 $9,466
1993 $11,152 $37,870 $6,048 $9,041
1992 $10,460 $33,648 $4,221 $9,470
1991 $10,434 $31,657 $3,709 $9,079
1990 $9,343 $26,902 $3,154 $8,578
1989 $8,833 - $2,725 -
1988 $8,772 - $2,279 -
1987 $8,333 - $1,888 -
1986 $7,777 - $1,757 -
1985 $9,649 - $2,602 -
1984 $10,697 - $2,506 -
1983 $10,599 - $2,170 -
1982 $10,712 - $2,621 -
1981 $10,557 - $3,829 -
1980 $9,733 - $3,055 -
1979 $7,891 - $2,049 -
1978 $6,926 - $1,604 -
1977 $6,358 - $1,315 -
1976 $5,310 - $1,465 -
1975 $3,880 - $1,492 -
1974 $3,874 - $1,256 -
1973 $2,981 - $993 -
1972 $2,206 - $837 -
1971 $1,830 - $748 -
1970 $1,742 - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

Bahrain's GDP per capita is $30,597, ranking 44/197, compared to $13,889 in Mexico, ranking 76/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Mexico ranks 80th at $26,185.

Economic indicators

Bahrain Mexico
Gross domestic product
$49B
2025
$1.83T
2025
GDP rank
98/197
2025
14/197
2025
GDP growth
3.48%
2024-2025
0.56%
2024-2025
GDP per capita
$30,597
2025
$13,889
2025
GDP per capita rank
44/197
2025
76/197
2025
GDP per capita, PPP
$66,941
2024
$26,185
2024
GDP per capita PPP rank
26/197
2024
80/197
2024
Government debt
$72.3B
2025
$1.13T
2025
Debt-to-GDP ratio
147.6%
2025
61.8%
2025
Government debt per person
$45,165
2025
$8,577
2025
Government debt per person rank
13/185
2025
66/185
2025
Average annual personal income after taxes
$23,191
2026
$10,482
2026
Market capitalization of domestic companies
$21.3B
2025
$560B
2025
Number of millionaires n/a
333,000
2026
Number of billionaires n/a
22
2026
Income share by richest 10% n/a
33.4%
2024
Income share by poorest 10% n/a
2.1%
2024
Government expenditure, % of GDP
29.4%
2025
29.8%
2025
Consumer prices inflation
-0.14%
2024-2025
3.81%
2024-2025
Central bank interest rate
4.25%
2025
6.5%
2026
Unemployment rate
0.89%
2015
2.54%
2025
Population
1649267
133551566

Spending and national debt comparison by year

Bahrain
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Bahrain Mexico
Government spending Government debt Government spending Government debt
2025 29.4% 147.6% 29.8% 61.8%
2024 28.9% 133.7% 30.8% 59.1%
2023 29% 123% 28.6% 52.8%
2022 28.4% 111.6% 28.5% 53.8%
2021 30.6% 122.3% 26.7% 56.7%
2020 34.6% 125.7% 27.8% 58.5%
2019 31.2% 97.1% 25.3% 51.9%
2018 32.1% 90.4% 25% 52.2%
2017 30.7% 84% 25% 52.5%
2016 33.3% 77.4% 26.5% 55%
2015 34.8% 63.2% 26.6% 51%
2014 27.3% 42.6% 26.9% 47.1%
2013 32% 42.3% 26.7% 44.1%
2012 31.1% 34.8% 27% 40.8%
2011 30.2% 31.6% 26.6% 41.2%
2010 31.1% 28.8% 26.5% 40.2%
2009 24.6% 20.5% 26.5% 41.7%
2008 22.7% 12.1% 26.5% 40.6%
2007 22.4% 15.7% 22.5% 35.5%
2006 23.1% 19.4% 21.6% 35.8%
2005 23.9% 23.2% 21.2% 36.8%
2004 25% 28.2% 20.5% 38.9%
2003 28.1% 31.1% 21.5% 42.1%
2002 30.6% 27.2% 19.8% 39.9%
2001 26.5% 25% 19.5% 37.3%
2000 22.2% 24.7% 19.4% 38.5%
1999 27.1% 24.7% 20.1% 41.7%
1998 25.7% 20% 19.5% 39.7%
1997 31% 14.8% 20.7% 39.1%
1996 22.7% 13.1% 20.8% 42.5%
1995 25.1% 13.6% 18.9% 30.7%
1994 26.1% 5.62% 18.9% 26.8%
1993 26.7% 5.95% 18.2% 19.2%
1992 29.4% 6.45% 19% 21.5%
1991 28.5% 6.71% 20.1% 29.2%
1990 32.4% 7.24% 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Bahrain's government spending was $14.4B, accounting for 29.4% of its GDP, while Mexico spent $547B, or 29.8% of GDP.

Debt-to-GDP ratio is 147.6% in Bahrain and 61.8% in Mexico, ranking 6/185 and 73/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Mexico
1x
Year Deficit/surplus, % of GDP
Bahrain Mexico
2025 -13% -4.86%
2024 -11% -5.78%
2023 -9.66% -4.3%
2022 -6.03% -4.32%
2021 -10.6% -3.75%
2020 -17.3% -4.29%
2019 -8.57% -2.27%
2018 -11.3% -2.14%
2017 -13.4% -1.03%
2016 -16.6% -2.68%
2015 -17.5% -3.86%
2014 -3.32% -4.37%
2013 -8.55% -3.56%
2012 -5.77% -3.57%
2011 -4.9% -3.2%
2010 -9.29% -3.8%
2009 -5.36% -3.94%
2008 4.08% -0.68%
2007 1.52% -1.46%
2006 2.24% -1.23%
2005 2.8% -1.43%
2004 0.24% -1.35%
2003 -1.7% -2.24%
2002 -3.27% -2.18%
2001 0.7% -2.57%
2000 7.33% -2.69%
1999 -4.85% -4.49%
1998 -5.49% -4.49%
1997 -6.39% -3.48%
1996 0.24% -3.66%
1995 -3.99% -2.28%
1994 -5.18% -2.25%
1993 -2.77% -1.51%
1992 -5.41% 2.26%
1991 -3.47% 1.49%
1990 -6.79% -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Bahrain's government deficit, the difference between spending and revenue, was $6.35B, equivalent to 13% of GDP. This compares to Mexico's deficit of $89B, or 4.86% of GDP.

Over the past 36 years, Bahrain recorded a fiscal deficit in 28 of those years, while Mexico ran a deficit in 34 years. On average, Bahrain posted an annual deficit equal to 5.61% of GDP, compared to deficit of 2.75% of GDP for Mexico.

Inflation comparison by year

Inflation
Bahrain

Mexico
1x
Year Consumer prices inflation
Bahrain Mexico
2025 -0.14% 3.81%
2024 0.92% 4.72%
2023 0.07% 5.53%
2022 3.63% 7.9%
2021 -0.61% 5.69%
2020 -2.32% 3.4%
2019 1.01% 3.64%
2018 2.09% 4.9%
2017 1.39% 6.04%
2016 2.79% 2.82%
2015 1.85% 2.72%
2014 2.65% 4.02%
2013 3.3% 3.81%
2012 2.76% 4.11%
2011 -0.4% 3.41%
2010 1.96% 4.16%
2009 2.8% 5.3%
2008 3.53% 5.12%
2007 3.26% 3.97%
2006 2.01% 3.63%
2005 2.59% 3.99%
2004 2.35% 4.69%
2003 1.59% 4.55%
2002 -0.5% 5.03%
2001 -1.21% 6.37%
2000 -0.7% 9.49%
1999 -1.29% 16.6%
1998 -0.37% 15.9%
1997 2.43% 20.6%

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

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

Over the past 29 years, Bahrain has recorded an average annual inflation rate of 1.29%, compared with 6.07% in Mexico. In 2025, inflation was -0.14% in Bahrain and 3.81% in Mexico.

Top exports between countries

Bahrain
Export category Export value
Metals $140M
Raw materials & minerals $14.5M
Textiles & consumer goods $2.16M
Chemicals & pharma $1.11M
Machinery & equipment $401K
Miscellaneous $1K
Mexico
Export category Export value
Machinery & equipment $6.64M
Raw agricultural goods $2.17M
Metals $1.86M
Raw materials & minerals $478K
Miscellaneous $103K
Chemicals & pharma $60K

Balance of trade

Bahrain Mexico
Current account balance
$2.28B
2024
-$8.2B
2025
Current account balance ranking
43/190
2024
171/190
2025
Current account balance, % of GDP
+4.83%
2024
-0.45%
2025
Goods imports
$20.7B
2024
$665B
2025
Goods exports
$24.3B
2024
$666B
2025
Service imports
$12.4B
2024
$75.4B
2025
Service exports
$17B
2024
$64B
2025
Imports of goods and services, % of GDP
70%
2024
40.3%
2025
Exports of goods and services, % of GDP
87.5%
2024
39.6%
2025

Economic freedom indices

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

Bahrain Mexico
Economic freedom 65.7 59.8
Economic freedom ranking 63/197 102/197
Property rights 60.9 37.6
Government integrity 45.9 28.8
Judicial effectiveness 30 40.4
Tax burden 99.9 75.4
Government spending 75 74.6
Fiscal health 0 56.7
Business freedom 75.9 67
Labor freedom 55.5 57.3
Monetary freedom 88.8 70.6
Trade freedom 86.8 74.2
Investment freedom 90 75
Financial freedom 80 60

Economic freedom comparison by year

Bahrain
Mexico
1x
Year Economic freedom index
Bahrain Mexico
2026 65.7 59.8
2025 65.6 61.3
2024 63.4 62
2023 62.5 63.2
2022 62 63.7
2021 69.9 65.5
2020 66.3 66
2019 66.4 64.7
2018 67.7 64.8
2017 68.5 63.6
2016 74.3 65.2
2015 73.4 66.4
2014 75.1 66.8
2013 75.5 67
2012 75.2 65.3
2011 77.7 67.8
2010 76.3 68.3
2009 74.8 65.8
2008 72.2 66.2
2007 71.2 66
2006 71.6 64.7
2005 71.2 65.2
2004 75.1 66
2003 76.3 65.3
2002 75.6 63
2001 75.9 60.6
2000 75.7 59.3
1999 75.2 58.5
1998 75.6 57.9
1997 76.1 57.1
1996 76.4 61.2
1995 76.2 63.1

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Mexico
Services, % of GDP
54.3%
2025
58.9%
2025
Industry, % of GDP
41.2%
2025
30.6%
2025
Agriculture, forestry, and fishing, % of GDP
0.24%
2025
3.88%
2025
GNI, Atlas method
$46.1B
2025
$1.81T
2025
GNI per capita, PPP
$65,500
2025
$25,070
2025
Total reserves including gold
$5.27B
2025
$256B
2025
Total reserves ranking
101/177
2025
17/177
2025
Net foreign direct investment
-$2.43B
2024
-$31.8B
2025
Net inflows of foreign direct investment
$2.7B
2024
$45.5B
2024
Net outflows of foreign direct investment
$275M
2024
$13B
2024
Servicing debt to the IMF, % of GNI n/a
3.77%
2024
Poverty at national poverty lines n/a
29.6%
2024
Gross capital formation, % of GDP
28.4%
2024
22.6%
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/bahrain/mexico | 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 (1900–1995, 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 (2020–2025, 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.