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Economy of Belgium vs Guinea compared: GDP & Debt

Updated on by Georank team

Belgium has a GDP of $665B compared to $25.3B for Guinea, ranking 23/197 and 117/197 by economy size, respectively.

Belgium has $694B in government debt (106.4% of GDP), compared to $12.1B (39.6% of GDP) in Guinea.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Belgium
GDP, current $

GDP, constant 2015 $
Guinea
GDP, current $

GDP, constant 2015 $
Year GDP
Belgium Guinea
Current $ Constant $ Current $ Constant $
1960 $11,810,619,368 $107,240,692,072 - -
1961 $12,561,701,694 $112,579,587,419 - -
1962 $13,436,827,167 $118,447,239,466 - -
1963 $14,445,805,381 $123,601,570,921 - -
1964 $16,168,044,450 $132,200,142,536 - -
1965 $17,597,783,297 $136,907,339,919 - -
1966 $18,894,891,312 $141,227,991,789 - -
1967 $20,252,508,995 $146,690,898,042 - -
1968 $21,654,856,965 $152,843,304,454 - -
1969 $24,019,653,475 $162,976,509,540 - -
1970 $26,706,196,047 $173,329,872,814 $3,220,224,608 $1,942,094,537
1971 $29,821,661,870 $180,238,502,024 $3,594,302,908 $2,046,303,804
1972 $37,209,418,019 $189,783,220,556 $4,203,069,035 $2,093,679,410
1973 $47,743,801,490 $201,894,619,758 $5,152,080,388 $2,126,493,372
1974 $56,033,077,879 $211,111,631,065 $5,691,417,541 $2,238,138,977
1975 $65,678,189,097 $206,961,299,090 $6,102,769,605 $2,302,528,458
1976 $71,113,882,968 $218,660,295,777 $6,762,781,871 $2,484,966,268
1977 $82,839,905,459 $220,029,447,216 $6,914,381,291 $2,401,643,613
1978 $101,246,526,194 $226,282,457,073 $8,087,305,999 $2,564,865,665
1979 $116,315,456,797 $231,579,894,682 $8,877,094,497 $2,533,885,660
1980 $126,829,314,388 $241,871,430,006 $9,746,524,915 $2,599,801,856
1981 $104,730,018,470 $241,195,922,804 $9,646,440,667 $2,615,653,814
1982 $92,095,926,188 $242,631,006,628 $11,926,032,493 $2,662,735,707
1983 $87,184,239,053 $243,387,634,461 $15,129,893,722 $2,697,351,587
1984 $83,349,530,159 $249,390,504,367 $18,421,497,251 $2,735,114,764
1985 $86,268,264,148 $253,509,919,187 $22,787,644,566 $2,871,868,604
1986 $120,018,787,249 $258,130,801,745 $2,909,130,355 $2,961,299,742
1987 $149,394,404,106 $264,085,000,894 $2,976,714,019 $3,059,020,822
1988 $162,299,103,675 $276,558,286,707 $3,476,480,303 $3,251,987,426
1989 $164,221,056,511 $286,152,555,458 $3,546,079,263 $3,382,179,962
1990 $205,331,747,948 $295,130,312,078 $3,888,320,666 $3,528,427,546
1991 $210,510,999,409 $300,540,270,315 $4,396,178,694 $3,620,640,283
1992 $234,781,652,447 $305,140,504,243 $4,789,220,417 $3,739,069,519
1993 $224,721,795,709 $302,205,439,886 $4,781,166,117 $3,927,673,590
1994 $244,884,129,491 $311,957,523,164 $4,932,800,407 $4,083,606,124
1995 $288,025,588,396 $319,396,952,810 $5,385,704,166 $4,271,765,349
1996 $279,201,433,225 $323,617,566,813 $5,641,243,100 $4,462,353,367
1997 $252,708,051,421 $335,894,554,717 $5,516,916,163 $4,693,574,824
1998 $258,528,339,631 $342,484,242,937 $5,232,118,046 $4,864,614,381
1999 $258,245,733,221 $354,617,493,818 $5,046,806,783 $5,050,053,677
2000 $236,792,460,312 $367,797,580,320 $4,367,458,867 $5,176,459,579
2001 $236,746,141,604 $371,841,895,843 $4,125,527,603 $5,365,832,406
2002 $258,383,599,375 $378,188,843,981 $4,301,608,753 $5,642,956,694
2003 $318,082,528,507 $382,114,274,684 $5,025,167,975 $5,713,414,722
2004 $369,214,712,443 $395,760,365,337 $5,300,767,961 $5,847,115,330
2005 $385,714,762,230 $404,948,883,847 $4,282,468,637 $6,022,369,313
2006 $408,259,840,869 $415,284,559,725 $4,220,019,845 $6,094,011,546
2007 $470,922,156,309 $430,554,259,966 $6,281,918,226 $6,509,469,022
2008 $517,328,087,920 $432,478,429,045 $6,964,179,983 $6,778,506,429
2009 $485,014,525,992 $424,233,482,719 $6,716,905,340 $6,702,408,066
2010 $481,556,503,720 $435,731,531,599 $6,853,467,146 $7,025,019,106
2011 $527,196,649,049 $444,146,182,963 $6,785,137,203 $7,419,271,030
2012 $498,414,364,945 $445,104,666,469 $7,638,044,557 $7,858,142,150
2013 $524,097,026,599 $446,464,436,962 $8,376,613,539 $8,168,199,850
2014 $537,987,419,164 $454,346,946,886 $8,778,473,373 $8,470,141,696
2015 $461,044,767,545 $461,044,767,545 $8,794,201,743 $8,794,201,743
2016 $474,271,566,740 $466,547,349,432 $8,595,955,222 $9,745,789,528
2017 $500,908,767,352 $473,426,439,011 $10,324,668,271 $10,749,606,370
2018 $542,638,913,428 $482,317,238,282 $11,857,030,367 $11,433,119,224
2019 $536,726,344,405 $494,099,718,081 $13,442,861,496 $12,075,307,752
2020 $529,694,473,502 $470,417,598,102 $14,088,693,743 $12,643,401,589
2021 $598,522,422,242 $499,619,240,041 $17,069,115,738 $13,349,198,344
2022 $593,614,574,326 $520,899,825,783 $19,910,452,542 $13,879,482,946
2023 $644,655,275,112 $527,159,436,182 $22,407,615,556 $14,648,645,956
2024 $664,564,181,487 $532,530,656,429 $25,334,307,879 $15,479,007,958

Economic indicators

Belgium Guinea
Gross domestic product
$665B
2024
$25.3B
2024
GDP rank
23/197
2024
117/197
2024
GDP growth
3.09%
2023-2024
13.1%
2023-2024
GDP per capita
$55,955
2024
$1,717
2024
GDP per capita rank
17/197
2024
161/197
2024
GDP per capita, PPP
$72,126
2024
$4,579
2024
Government debt
$694B
2024
$12.1B
2024
Debt-to-GDP ratio
106.4%
2025
39.6%
2025
Government debt per person
$58,455
2024
$821
2024
Government debt per person rank
5/185
2024
147/185
2024
Average annual personal income after taxes
$34,348
2025
$23,703
2025
Market capitalization of domestic companies
$321B
2018
n/a
Number of millionaires
564,666
2024
n/a
Number of billionaires
11
2025
n/a
Income share by richest 10%
22.2%
2023
23.1%
2018
Income share by poorest 10%
3.7%
2023
3.5%
2018
Government expenditure, % of GDP
54.6%
2025
17.3%
2025
Consumer prices inflation
3.14%
2023-2024
3.1%
2024-2025
Unemployment rate
5.7%
2024
5.02%
2019
Population
11909960
15374667

GDP per capita in Belgium vs Guinea

Belgium's GDP per capita is $55,955, ranking 17/197, compared to $1,717 in Guinea, ranking 161/197. Adjusted for purchasing power (GDP per capita PPP), Belgium ranks 20th at $72,126, while Guinea ranks 161st at $4,579.

Belgium
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
Year Current $
Belgium Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $1,290 - - -
1961 $1,368 - - -
1962 $1,457 - - -
1963 $1,555 - - -
1964 $1,724 - - -
1965 $1,860 - - -
1966 $1,983 - - -
1967 $2,114 - - -
1968 $2,251 - - -
1969 $2,490 - - -
1970 $2,766 - $753 -
1971 $3,083 - $825 -
1972 $3,832 - $948 -
1973 $4,901 - $1,143 -
1974 $5,734 - $1,243 -
1975 $6,701 - $1,311 -
1976 $7,243 - $1,431 -
1977 $8,427 - $1,440 -
1978 $10,290 - $1,658 -
1979 $11,811 - $1,790 -
1980 $12,864 - $1,931 -
1981 $10,623 - $1,876 -
1982 $9,344 - $2,273 -
1983 $8,846 - $2,823 -
1984 $8,457 - $3,362 -
1985 $8,751 - $4,062 -
1986 $12,170 - $506 -
1987 $15,136 - $505 -
1988 $16,391 - $574 -
1989 $16,525 - $570 -
1990 $20,600 $18,675 $604 $871
1991 $21,042 $19,588 $656 $887
1992 $23,373 $20,259 $693 $908
1993 $22,284 $20,459 $671 $947
1994 $24,209 $21,504 $672 $976
1995 $28,414 $22,431 $713 $1,014
1996 $27,490 $22,737 $726 $1,048
1997 $24,821 $23,728 $696 $1,099
1998 $25,338 $24,369 $647 $1,130
1999 $25,253 $25,441 $611 $1,163
2000 $23,099 $27,788 $518 $1,196
2001 $23,015 $28,797 $483 $1,251
2002 $25,006 $30,282 $496 $1,315
2003 $30,655 $30,935 $566 $1,328
2004 $35,429 $32,064 $585 $1,366
2005 $36,810 $33,178 $463 $1,422
2006 $38,705 $35,259 $447 $1,453
2007 $44,319 $36,800 $650 $1,558
2008 $48,303 $37,883 $704 $1,614
2009 $44,923 $37,886 $662 $1,567
2010 $44,197 $39,844 $659 $1,622
2011 $47,761 $41,245 $637 $1,705
2012 $44,874 $42,484 $699 $1,790
2013 $46,965 $43,864 $748 $1,842
2014 $47,996 $45,148 $765 $1,873
2015 $40,894 $46,084 $747 $1,930
2016 $41,855 $48,415 $712 $2,255
2017 $44,035 $50,256 $834 $2,687
2018 $47,487 $52,467 $933 $2,844
2019 $46,717 $56,712 $1,031 $3,106
2020 $45,906 $56,120 $1,054 $3,332
2021 $51,658 $60,669 $1,245 $3,739
2022 $50,822 $68,158 $1,417 $4,062
2023 $54,690 $69,059 $1,555 $4,334
2024 $55,955 $72,126 $1,717 $4,579

Spending and national debt comparison

In 2024, Belgium's government spending was $361B, accounting for 54.6% of its GDP, while Guinea's spent $4.31B, or 17.3% of GDP.

Debt-to-GDP ratio is 106.4% in Belgium and 39.6% in Guinea, ranking 17/185 and 137/185, respectively.

Belgium
Government spending

Government debt
Guinea
Government spending

Government debt
Year % of GDP
Belgium Guinea
Government spending Government debt Government spending Government debt
1960 23.7% 69.4% - -
1961 22.1% 67.8% - -
1962 22.5% 65.3% - -
1963 23.1% 64.1% - -
1964 22.5% 59.4% - -
1965 23.4% 57.6% - -
1966 25.1% 55.6% - -
1967 25.5% 54.1% - -
1968 26.7% 54.5% - -
1969 26.5% 51.6% - -
1970 42.7% 66.6% - -
1971 43.9% 63.5% - -
1972 45% 64.9% - -
1973 45% 63.7% - -
1974 44.5% 61.8% - -
1975 50.2% 59.5% - -
1976 50.4% 61.4% - -
1977 52.2% 61.6% - -
1978 52.8% 65.2% - -
1979 54.8% 69.2% - -
1980 54.9% 76.8% - -
1981 61.5% 89.7% - -
1982 59.6% 99.6% - -
1983 62.2% 110.3% - -
1984 59.1% 114.6% - -
1985 58.4% 119.4% - -
1986 57.6% 124.7% - -
1987 55.8% 129.2% - -
1988 53.9% 129.7% - -
1989 52.3% 126.4% - -
1990 54.4% 130.3% 18.7% 71.6%
1991 55.6% 131.8% 16.3% 70.9%
1992 55.9% 134.7% 13.8% 62%
1993 57.1% 138.9% 13.3% 68.9%
1994 54.7% 137.1% 12.6% 71.3%
1995 52.6% 131.3% 12.7% 66.5%
1996 53.1% 129% 12% 67.7%
1997 51.6% 124.3% 12.6% 67.9%
1998 51% 119.2% 10.3% 75.9%
1999 50.5% 115.4% 11.6% 92.3%
2000 49.4% 109.6% 12.6% 91.5%
2001 49.4% 108.2% 14.9% 90.4%
2002 49.9% 105.4% 14.4% 82.6%
2003 51% 101.7% 14.7% 81.6%
2004 49.3% 97.2% 13% 86.9%
2005 51.9% 95.1% 11% 97.9%
2006 48.8% 91.5% 13.2% 95.2%
2007 48.6% 87.3% 8.66% 60.8%
2008 50.8% 93.2% 10.1% 58.5%
2009 54.5% 99.9% 16.2% 61.3%
2010 53.9% 100.2% 20.5% 71.1%
2011 55% 102.7% 16% 53.8%
2012 56.2% 104.3% 19.6% 26.9%
2013 55.9% 105% 18.6% 34%
2014 55.4% 106.5% 20.1% 35.2%
2015 53.9% 105.5% 21.7% 44.4%
2016 53.4% 105.4% 16.1% 43%
2017 52.3% 102.4% 17.3% 41.9%
2018 52.5% 100% 15.9% 39.3%
2019 51.8% 97.5% 14.9% 38.6%
2020 58.5% 111.1% 17.1% 47.9%
2021 54.9% 108.4% 15.1% 42.9%
2022 52.2% 102.6% 14.2% 40.6%
2023 53.3% 103.1% 15.8% 37.3%
2024 54.3% 104.5% 17% 47.8%
2025 54.6% 106.4% 17.3% 39.6%

Government deficit by year

In 2024, Belgium's government deficit, the difference between spending and revenue, was -$29.4B, equivalent to -4.42% of GDP. This compares to Guinea's deficit of -$782M, or -3.09% of GDP.

Over the past 35 years, Belgium recorded a fiscal deficit in 32 of those years, while Guinea ran a deficit in 30 years. On average, Belgium posted an annual deficit equal to -3.26% of GDP, compared to deficit of -1.49% of GDP for Guinea.

Deficit/surplus
Belgium

Guinea
Year Deficit/surplus, % of GDP
Belgium Guinea
1835 0.27% -
1836 0.18% -
1837 -0.11% -
1838 0.23% -
1839 -0.43% -
1840 0.16% -
1841 -0.75% -
1842 -0.89% -
1843 -0.86% -
1844 -4.92% -
1845 -1.17% -
1846 -0.52% -
1847 -0.69% -
1848 -1.41% -
1849 0.11% -
1850 -0.11% -
1851 -0.05% -
1852 -0.44% -
1853 -0.3% -
1854 -0.4% -
1855 -0.28% -
1856 -0.26% -
1857 0% -
1858 0.35% -
1859 0.1% -
1860 -0.13% -
1861 -0.22% -
1862 -0.49% -
1863 -0.72% -
1864 -0.62% -
1865 -0.55% -
1866 -0.87% -
1867 -0.49% -
1868 -0.39% -
1869 -0.35% -
1870 -0.58% -
1871 -0.64% -
1872 -0.7% -
1873 -2.08% -
1874 -1.02% -
1875 -0.88% -
1876 -0.77% -
1877 -2.52% -
1878 -1.78% -
1879 -1.51% -
1880 0.12% -
1881 0.08% -
1882 -0.3% -
1883 -0.54% -
1884 -0.26% -
1885 -0.43% -
1886 0.54% -
1887 -0.12% -
1888 -0.21% -
1889 0.3% -
1890 -0.83% -
1891 -0.005% -
1892 0.17% -
1893 0.07% -
1894 0.06% -
1895 -0.33% -
1896 0.94% -
1897 -0.25% -
1898 -0.28% -
1899 -1.64% -
1900 -0.54% -
1901 0.55% -
1902 0.22% -
1903 0.08% -
1904 0.004% -
1905 1.23% -
1906 -1.35% -
1907 -0.81% -
1908 -0.95% -
1909 0.13% -
1910 -0.18% -
1911 -0.92% -
1912 -1.39% -
1913 -1.4% -
1914 -1.4% -
1915 -1.4% -
1916 -1.4% -
1917 -1.4% -
1918 -1.4% -
1919 -1.4% -
1920 -1.4% -
1921 -1.4% -
1922 -1.4% -
1923 -1.4% -
1924 -5.53% -
1925 -5.53% -
1926 -5.53% -
1927 3.06% -
1928 3.06% -
1929 3.06% -
1930 -2.48% -
1931 -2.48% -
1932 -2.48% -
1933 -1.69% -
1934 -2.78% -
1935 -5.94% -
1936 -4.92% -
1937 -4.71% -
1938 -5.17% -
1939 -6.86% -
1940 -6.86% -
1941 -6.86% -
1942 -6.86% -
1943 -5.81% -
1944 -5.81% -
1945 -5.81% -
1946 1.87% -
1947 -14.5% -
1948 -2.29% -
1949 -2.05% -
1950 -2.01% -
1951 0.59% -
1952 -0.26% -
1953 0.14% -
1954 2.34% -
1955 -1.05% -
1956 1.85% -
1957 -1.27% -
1958 -4.33% -
1959 -5.21% -
1960 -4.89% -
1961 -2.34% -
1962 -2.12% -
1963 -2.8% -
1964 -2.27% -
1965 -2.9% -
1966 -3.08% -
1967 -2.76% -
1968 -3.69% -
1969 -3.34% -
1970 -3.51% -
1971 -4.45% -
1972 -6.07% -
1973 -5.02% -
1974 -3.87% -
1975 -6.45% -
1976 -6.61% -
1977 -6.51% -
1978 -6.51% -
1979 -8.33% -
1980 -9.43% -
1981 -15.5% -
1982 -12.3% -
1983 -14.5% -
1984 -10.8% -
1985 -10.1% -
1986 -9.96% -
1987 -7.89% -
1988 -7.28% -
1989 -7.58% -
1990 -6.99% -3.76%
1991 -7.67% -3.25%
1992 -8.42% -0.89%
1993 -7.71% -2.33%
1994 -5.29% -2.59%
1995 -4.51% -1.07%
1996 -4% -2.2%
1997 -2.15% 0.07%
1998 -1.03% 2.46%
1999 -0.65% -1.3%
2000 -0.08% -2.42%
2001 0.23% -3.23%
2002 -0.04% -3.37%
2003 -1.86% -4.65%
2004 -0.24% -3.85%
2005 -2.72% -1.06%
2006 0.24% -2.13%
2007 0.07% 1.28%
2008 -1.1% 0.38%
2009 -5.45% -4.87%
2010 -4.13% -9.66%
2011 -4.44% -0.92%
2012 -4.35% 23.7%
2013 -3.16% -3.86%
2014 -3.18% -3.01%
2015 -2.48% -6.53%
2016 -2.43% -0.08%
2017 -0.76% -1.98%
2018 -1.05% -0.97%
2019 -2.05% -0.17%
2020 -9.03% -3%
2021 -5.4% -1.63%
2022 -3.61% -0.43%
2023 -4.19% -1.76%
2024 -4.42% -3.09%
2025 -5.03% -2.77%

Inflation comparison by year

Over the past 29 years, Belgium has recorded an average annual inflation rate of 2.24%, compared with 11.5% in Guinea. In 2024, inflation was 3.14% in Belgium and 3.1% in Guinea.

Inflation
Belgium

Guinea
Year Inflation
Belgium Guinea Belgium Guinea
1996 2.08% 3%
1997 1.63% 1.9%
1998 0.95% 5.1%
1999 1.12% 4.6%
2000 2.54% 6.8%
2001 2.47% 5.4%
2002 1.65% 3%
2003 1.59% 11%
2004 2.1% 17.5%
2005 2.78% 31.4%
2006 1.79% 34.7%
2007 1.82% 22.9%
2008 4.49% 18.4%
2009 -0.05% 4.7%
2010 2.19% 15.5%
2011 3.53% 21.4%
2012 2.84% 15.2%
2013 1.11% 11.9%
2014 0.34% 9.7%
2015 0.56% 8.2%
2016 1.97% 8.2%
2017 2.13% 8.9%
2018 2.05% 9.8%
2019 1.44% 9.5%
2020 0.74% 10.6%
2021 2.44% 12.6%
2022 9.6% 10.5%
2023 4.05% 5.4%
2024 3.14% 4.7%
2025 - 3.1%

Top exports between countries

Belgium
Export category Export value
Raw materials & minerals $147M
Machinery & equipment $134M
Processed food, beverages & tobacco $43.9M
Chemicals & pharma $12.1M
Metals $8.86M
Animal & marine products $7.29M
Textiles & consumer goods $4.94M
Wood & paper products $1.67M
Raw agricultural goods $665K
Miscellaneous $322K
Guinea
Export category Export value
Precious metals & jewellery $40.3M
Machinery & equipment $3.08M
Metals $583K
Processed food, beverages & tobacco $408K
Raw agricultural goods $391K
Miscellaneous $84K
Wood & paper products $54K
Animal & marine products $1K

Balance of trade

Belgium Guinea
Current account balance
-$5.68B
2024
-$392M
2024
Current account balance ranking
169/189
2024
102/189
2024
Current account balance, % of GDP
-0.85%
2024
-1.55%
2024
Goods imports
$372B
2024
$7.08B
2024
Goods exports
$377B
2024
$11.6B
2024
Service imports
$159B
2024
$3.15B
2024
Service exports
$148B
2024
$71.2M
2024
Imports of goods and services, % of GDP
79.2%
2024
56.1%
2024
Exports of goods and services, % of GDP
79.2%
2024
44%
2024

Economic freedom indices

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

Belgium Guinea
Economic freedom 69 54.6
Economic freedom ranking 40/197 135/197
Property rights 92.8 22.3
Government integrity 79.3 25.1
Judicial effectiveness 93 26.5
Tax burden 50.6 70.4
Government spending 11.8 93
Fiscal health 48 93.4
Business freedom 82.3 44.9
Labor freedom 58.6 56.4
Monetary freedom 76.8 71.1
Trade freedom 79.6 61.8
Investment freedom 85 50
Financial freedom 70 40

Economic freedom by year comparison

The Economic Freedom Index for Belgium is 69, ranking 40/197, compared to 54.6 for Guinea, ranking 135/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Belgium
Guinea
Year Economic freedom index
Belgium Guinea
1995 - 59.4
1996 66 58.5
1997 64.6 52.9
1998 64.7 61
1999 62.9 59.4
2000 63.5 58.2
2001 63.8 58.4
2002 67.6 52.9
2003 68.1 54.6
2004 68.7 56.1
2005 69 57.4
2006 71.8 52.8
2007 72.5 54.5
2008 71.7 52.8
2009 72.1 51
2010 70.1 51.8
2011 70.2 51.7
2012 69 50.8
2013 69.2 51.2
2014 69.9 53.5
2015 68.8 52.1
2016 68.4 53.3
2017 67.8 47.6
2018 67.5 52.2
2019 67.3 55.7
2020 68.9 56.5
2021 70.1 56.5
2022 69.6 54.2
2023 67.1 53.2
2024 65.6 53.3
2025 69 54.6

More economic indicators

Belgium Guinea
Services, % of GDP
72.1%
2024
37.5%
2024
Industry, % of GDP
17.6%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.8%
2024
29.6%
2024
GNI, Atlas method
$651B
2024
$21.7B
2024
GNI per capita, PPP
$73,360
2024
$4,200
2024
Total reserves including gold
$41.4B
2024
$1.89B
2023
Total reserves ranking
49/177
2024
128/177
2023
Net foreign direct investment
$29.5B
2024
-$1.4B
2024
Net inflows of foreign direct investment
-$35.6B
2024
$1.4B
2024
Net outflows of foreign direct investment
-$6.07B
2024
$30K
2024
Servicing debt to the IMF, % of GNI
n/a
1.49%
2023
Poverty at national poverty lines
12.3%
2022
47%
2020
Gross capital formation, % of GDP
24%
2024
31.2%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.