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Economy of Benin vs Switzerland compared: GDP & Debt

Updated on by Georank

Benin has a GDP of $24.6B compared to $1.04T for Switzerland, ranking 124/197 and 20/197 by economy size, respectively.

Benin has $14.1B in government debt (57.3% of GDP), compared to $411B (39.4% of GDP) in Switzerland.

Benin vs Switzerland GDP by year

Benin
Switzerland
1x
Year GDP, current $
Benin Switzerland
2025 $24,566,420,904 $1,043,529,899,251
2024 $21,482,643,706 $969,919,786,395
2023 $19,673,291,004 $928,435,275,852
2022 $17,425,405,091 $858,479,038,994
2021 $17,687,623,530 $840,710,023,481
2020 $15,686,741,884 $756,096,180,222
2019 $14,391,686,313 $736,384,764,157
2018 $14,262,408,090 $740,766,531,454
2017 $12,701,655,837 $706,660,443,624
2016 $11,821,065,853 $698,607,778,795
2015 $11,388,160,997 $706,199,008,879
2014 $13,284,527,847 $741,168,119,617
2013 $12,517,845,124 $718,748,402,260
2012 $11,141,358,116 $697,882,536,677
2011 $10,693,321,364 $727,231,637,102
2010 $9,535,345,016 $609,999,593,542
2009 $9,738,626,517 $563,659,557,945
2008 $9,787,734,526 $574,703,945,157
2007 $8,169,048,383 $498,993,845,385
2006 $7,034,111,315 $448,364,681,767
2005 $6,567,654,954 $424,511,048,024
2004 $6,190,270,380 $409,012,909,530
2003 $5,349,258,094 $366,563,952,625
2002 $4,194,342,686 $313,930,961,761
2001 $3,666,222,635 $290,160,142,214
2000 $3,519,991,440 $282,327,351,966
1999 $3,677,393,999 $301,911,268,140
1998 $2,455,092,686 $306,907,741,068
1997 $2,268,301,646 $298,868,250,534
1996 $2,361,116,449 $345,373,647,249
1995 $2,169,627,138 $358,152,520,085
1994 $1,598,075,944 $305,916,331,798
1993 $2,274,558,083 $276,339,744,180
1992 $1,695,315,306 $284,139,428,246
1991 $1,986,437,797 $272,953,645,746
1990 $1,959,965,330 $269,768,238,555
1989 $1,502,294,416 $211,241,694,480
1988 $1,620,246,084 $218,788,504,066
1987 $1,562,412,228 $202,238,567,597
1986 $1,336,102,025 $161,487,171,049
1985 $1,045,712,789 $112,652,623,418
1984 $1,051,134,009 $111,104,641,869
1983 $1,095,348,199 $116,361,728,836
1982 $1,267,778,670 $116,776,899,473
1981 $1,291,120,188 $113,936,168,924
1980 $1,405,251,847 $124,404,609,417
1979 $1,186,231,020 $116,702,524,208
1978 $928,843,469 $103,821,687,919
1977 $750,049,779 $74,237,819,014
1976 $698,408,262 $69,508,364,538
1975 $676,870,140 $66,452,559,176
1974 $554,654,861 $57,963,469,607
1973 $504,376,074 $50,296,651,921
1972 $410,331,857 $37,399,508,287
1971 $335,073,028 $30,492,832,676
1970 $333,627,713 $25,374,750,743
1969 $330,748,245 $22,780,211,812
1968 $326,323,105 $21,024,203,656
1967 $306,221,953 $19,689,329,510
1966 $302,925,235 $18,290,928,227
1965 $289,908,680 $17,033,079,428
1964 $269,819,006 $16,071,715,835
1963 $253,927,697 $14,499,109,270
1962 $236,434,954 $13,185,384,691
1961 $235,668,221 $11,889,851,950
1960 $226,195,578 $10,569,129,806

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

GeoRank.org/economy/benin/switzerland | CC BY

GDP per capita in Benin vs Switzerland by year

Benin
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Benin Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,658 - $114,769 -
2024 $1,485 $4,435 $107,702 $96,498
2023 $1,394 $4,130 $104,450 $95,142
2022 $1,266 $3,844 $97,809 $94,421
2021 $1,319 $3,464 $96,583 $81,001
2020 $1,200 $3,245 $87,530 $72,998
2019 $1,131 $3,149 $85,873 $73,732
2018 $1,152 $2,965 $87,002 $70,689
2017 $1,055 $2,886 $83,610 $68,194
2016 $1,011 $2,842 $83,432 $67,351
2015 $1,002 $2,725 $85,265 $65,265
2014 $1,204 $2,670 $90,512 $63,417
2013 $1,169 $2,512 $88,851 $61,656
2012 $1,072 $2,346 $87,270 $59,441
2011 $1,059 $2,265 $91,910 $57,494
2010 $973 $2,220 $77,956 $54,426
2009 $1,024 $2,213 $72,788 $52,999
2008 $1,061 $2,215 $75,148 $53,809
2007 $912 $2,136 $66,082 $50,928
2006 $809 $2,021 $59,910 $46,266
2005 $779 $1,946 $57,080 $41,525
2004 $759 $1,915 $55,350 $40,171
2003 $676 $1,842 $49,947 $38,732
2002 $546 $1,800 $43,094 $38,705
2001 $492 $1,746 $40,134 $37,819
2000 $487 $1,671 $39,298 $36,703
1999 $525 $1,592 $42,261 $34,743
1998 $362 $1,537 $43,166 $33,860
1997 $345 $1,508 $42,160 $32,736
1996 $369 $1,444 $48,838 $31,509
1995 $348 $1,395 $50,869 $30,842
1994 $262.1 $1,316 $43,741 $30,265
1993 $387 $1,311 $39,828 $29,495
1992 $302 $1,265 $41,327 $29,113
1991 $365 $1,239 $40,140 $28,792
1990 $371 $1,186 $40,171 $28,461
1989 $293.3 - $31,780 -
1988 $326 - $33,183 -
1987 $324 - $30,899 -
1986 $285.8 - $24,828 -
1985 $230.4 - $17,411 -
1984 $238.6 - $17,247 -
1983 $256 - $18,128 -
1982 $305 - $18,271 -
1981 $320 - $17,931 -
1980 $358 - $19,686 -
1979 $311 - $18,541 -
1978 $249.8 - $16,528 -
1977 $207 - $11,819 -
1976 $197.7 - $11,029 -
1975 $196.5 - $10,484 -
1974 $164.9 - $9,140 -
1973 $153.6 - $7,974 -
1972 $127.9 - $5,973 -
1971 $106.9 - $4,908 -
1970 $108.8 - $4,105 -
1969 $110.3 - $3,712 -
1968 $111.2 - $3,465 -
1967 $106.6 - $3,286 -
1966 $107.6 - $3,091 -
1965 $105.1 - $2,908 -
1964 $99.8 - $2,776 -
1963 $95.7 - $2,546 -
1962 $90.8 - $2,366 -
1961 $92.1 - $2,188 -
1960 $89.9 - $1,984 -

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

GeoRank.org/economy/benin/switzerland | CC BY

Benin's GDP per capita is $1,658, ranking 162/197, compared to $114,769 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Switzerland ranks 8th at $96,498.

Economic indicators

Benin Switzerland
Gross domestic product
$24.6B
2025
$1.04T
2025
GDP rank
124/197
2025
20/197
2025
GDP growth
8.07%
2024-2025
1.3%
2024-2025
GDP per capita
$1,658
2025
$114,769
2025
GDP per capita rank
162/197
2025
5/197
2025
GDP per capita, PPP
$4,435
2024
$96,498
2024
GDP per capita PPP rank
162/197
2024
8/197
2024
Government debt
$14.1B
2025
$411B
2025
Debt-to-GDP ratio
57.3%
2025
39.4%
2025
Government debt per person
$950
2025
$45,239
2025
Government debt per person rank
145/185
2025
12/185
2025
Average annual personal income after taxes
$1,056
2026
$89,347
2026
Market capitalization of domestic companies n/a
$2.51T
2025
Number of millionaires n/a
944,000
2026
Number of billionaires n/a
45
2026
Income share by richest 10%
27.2%
2021
26.6%
2022
Income share by poorest 10%
3.1%
2021
2.9%
2022
Government expenditure, % of GDP
18.5%
2025
31.2%
2025
Consumer prices inflation
1.1%
2024-2025
0.15%
2024-2025
Central bank interest rate n/a
0%
2025
Unemployment rate
1.69%
2022
4.84%
2025
Population
15358725
9155878

Spending and national debt comparison by year

Benin
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Benin Switzerland
Government spending Government debt Government spending Government debt
2025 18.5% 57.3% 31.2% 39.4%
2024 18.2% 60.5% 31.3% 40.5%
2023 19.3% 61.3% 30.9% 37.3%
2022 20% 59.7% 30.5% 35.9%
2021 20% 55.6% 33.4% 39.7%
2020 19.1% 46.1% 36.3% 42.4%
2019 14.3% 40.4% 31.3% 38.8%
2018 16.5% 40.8% 31.1% 39%
2017 17.7% 39.4% 31.9% 41.1%
2016 15.4% 35.9% 31.9% 40.3%
2015 18.2% 30.9% 31.9% 41.4%
2014 14.2% 22.3% 31.5% 41.2%
2013 14.9% 18.5% 32% 41.2%
2012 14.2% 19.5% 31.1% 41.9%
2011 14.7% 21.9% 31% 41.2%
2010 14.1% 21% 30.9% 40.7%
2009 17% 18.7% 31.2% 42.4%
2008 14.5% 18.3% 29.6% 44.2%
2007 15.8% 14.3% 29% 44%
2006 13% 8.37% 30.1% 47.7%
2005 14.1% 27% 31.9% 54.1%
2004 13.4% 21.5% 32.6% 57.1%
2003 13.7% 23.4% 32.8% 56.2%
2002 15.3% 30.8% 33.6% 56.9%
2001 15.4% 38% 31.2% 50.5%
2000 15.6% 39.6% 31.9% 51.7%
1999 10.7% 39.4% 32.8% 52%
1998 14.9% 53.6% 32.3% 55.3%
1997 17.3% 42.9% 32.5% 52.9%
1996 18.2% 43.4% 32.5% 50.6%
1995 20.2% 48.3% 32% 49.3%
1994 18.5% 64.6% 32% 46.4%
1993 16.4% 41.9% 31.9% 43.7%
1992 18.4% 41.8% 30.8% 38.9%
1991 17.2% 44% 29% 34.6%
1990 18.1% 45.3% 27.2% 32.8%
1989 17.1% 50.3% 30% 32.5%
1988 - - 30.3% 35%
1987 - - 29.8% 36.5%
1986 - - 29.8% 37.6%
1985 - - 30.1% 39.1%
1984 - - 30.4% 39.8%
1983 - - 31.2% 40.2%
1982 - - 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

GeoRank.org/economy/benin/switzerland | CC BY

In 2025, Benin's government spending was $4.54B, accounting for 18.5% of its GDP, while Switzerland spent $326B, or 31.2% of GDP.

Debt-to-GDP ratio is 57.3% in Benin and 39.4% in Switzerland, ranking 83/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Switzerland
1x
Year Deficit/surplus, % of GDP
Benin Switzerland
2025 -2.9% 0.45%
2024 -3.06% 0.53%
2023 -4.13% 0.12%
2022 -5.55% 1.15%
2021 -2.53% -0.28%
2020 -4.68% -2.96%
2019 -0.53% 1.31%
2018 -2.96% 1.26%
2017 -4.18% 1.11%
2016 -4.29% 0.23%
2015 -5.55% 0.54%
2014 -1.65% -0.24%
2013 -1.37% -0.42%
2012 -0.22% 0.23%
2011 -0.98% 0.67%
2010 -0.28% 0.35%
2009 -2.24% 0.49%
2008 -0.04% 1.91%
2007 0.22% 1.55%
2006 -0.15% 0.83%
2005 -1.52% -0.64%
2004 -0.7% -1.37%
2003 -1.07% -1.34%
2002 -3.33% -1.72%
2001 -3.27% 0.2%
2000 -3.69% 0.28%
1999 1.94% -1.55%
1998 2.5% -1.29%
1997 0.64% -2.3%
1996 -0.15% -1.98%
1995 -2.61% -1.83%
1994 -2.14% -2.55%
1993 -0.56% -3.1%
1992 -2.71% -2.92%
1991 -3.08% -1.82%
1990 -3.24% -0.05%
1989 0.89% 0.2%
1988 - 0.42%
1987 - 0.78%
1986 - 0.93%
1985 - -0.25%
1984 - -0.52%
1983 - -1.23%
1982 - -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/benin/switzerland | CC BY

In 2025, Benin's government deficit, the difference between spending and revenue, was $712M, equivalent to 2.9% of GDP. This compares to Switzerland's surplus of $4.71B, or 0.45% of GDP.

Over the past 37 years, Benin recorded a fiscal deficit in 32 of those years, while Switzerland ran a deficit in 18 years. On average, Benin posted an annual deficit equal to 1.87% of GDP, compared to deficit of 0.4% of GDP for Switzerland.

Inflation comparison by year

Inflation
Benin

Switzerland
1x
Year Consumer prices inflation
Benin Switzerland
2025 1.1% 0.15%
2024 1.2% 1.06%
2023 2.7% 2.14%
2022 1.4% 2.84%
2021 1.7% 0.58%
2020 3% -0.73%
2019 -0.9% 0.36%
2018 0.8% 0.94%
2017 1.8% 0.53%
2016 -0.8% -0.43%
2015 0.2% -1.14%
2014 -0.6% -0.01%
2013 0.4% -0.22%
2012 6.7% -0.69%
2011 2.7% 0.23%
2010 2.1% 0.69%
2009 0.9% -0.48%
2008 7.4% 2.43%
2007 1.3% 0.73%
2006 3.8% 1.06%
2005 5.4% 1.17%
2004 0.9% 0.8%
2003 1.5% 0.64%
2002 2.4% 0.64%
2001 4% 0.99%
2000 4.2% 1.56%
1999 0.3% 0.81%
1998 5.8% 0.02%
1997 3.8% 0.52%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/benin/switzerland | CC BY

Over the past 29 years, Benin has recorded an average annual inflation rate of 2.25%, compared with 0.59% in Switzerland. In 2025, inflation was 1.1% in Benin and 0.15% in Switzerland.

Top exports between countries

Benin
Export category Export value
Chemicals & pharma $2.03M
Metals $1.34M
Raw agricultural goods $120K
Textiles & consumer goods $72K
Machinery & equipment $38K
Processed food, beverages & tobacco $10K
Animal & marine products $4K
Wood & paper products $2K
Precious metals & jewellery $1K
Switzerland
Export category Export value
Machinery & equipment $8.72M
Raw materials & minerals $385K
Chemicals & pharma $254K
Textiles & consumer goods $201K
Wood & paper products $42K
Metals $21K
Processed food, beverages & tobacco $9K
Miscellaneous $4K
Weapons & explosives $1K

Balance of trade

Benin Switzerland
Current account balance
-$1.61B
2023
$72.9B
2025
Current account balance ranking
132/190
2023
11/190
2025
Current account balance, % of GDP
-8.18%
2023
+6.98%
2025
Goods imports
$4.65B
2023
$508B
2025
Goods exports
$4.05B
2023
$617B
2025
Service imports
$1.54B
2023
$214B
2025
Service exports
$461M
2023
$195B
2025
Imports of goods and services, % of GDP
20.1%
2025
69.1%
2025
Exports of goods and services, % of GDP
17.1%
2025
78.1%
2025

Economic freedom indices

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

Benin Switzerland
Economic freedom 60 83.7
Economic freedom ranking 96/197 2/197
Property rights 46.4 94.4
Government integrity 44.1 93.3
Judicial effectiveness 47.7 98.3
Tax burden 69.4 70.9
Government spending 89.1 69.5
Fiscal health 65.4 97.2
Business freedom 53.3 86.3
Labor freedom 60.2 60
Monetary freedom 82.1 82.3
Trade freedom 62.6 87
Investment freedom 50 85
Financial freedom 50 80

Economic freedom comparison by year

Benin
Switzerland
1x
Year Economic freedom index
Benin Switzerland
2026 60 83.7
2025 58.5 83.7
2024 57.7 83
2023 59.8 83.8
2022 61 84.2
2021 59.6 81.9
2020 55.2 82
2019 55.3 81.9
2018 56.7 81.7
2017 59.2 81.5
2016 59.3 81
2015 58.8 80.5
2014 57.1 81.6
2013 57.6 81
2012 55.7 81.1
2011 56 81.9
2010 55.4 81.1
2009 55.4 79.4
2008 55.2 79.5
2007 55.1 78
2006 54 78.9
2005 52.3 79.3
2004 54.6 79.5
2003 54.9 79
2002 57.3 79.3
2001 60.1 76
2000 61.5 76.8
1999 60.6 79.1
1998 61.7 79
1997 61.3 78.6
1996 54.5 76.8

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/benin/switzerland | CC BY

The Economic Freedom Index for Benin is 60, ranking 96/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Benin Switzerland
Services, % of GDP
50.1%
2025
71.7%
2025
Industry, % of GDP
17.5%
2025
25%
2025
Agriculture, forestry, and fishing, % of GDP
22.9%
2025
0.64%
2025
GNI, Atlas method
$23.7B
2025
$1T
2025
GNI per capita, PPP
$4,760
2025
$101,690
2025
Total reserves including gold n/a
$1.08T
2025
Total reserves ranking n/a
4/177
2025
Net foreign direct investment
-$430M
2023
$37.6B
2025
Net inflows of foreign direct investment
$543M
2024
-$108B
2024
Net outflows of foreign direct investment
$60.3M
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
n/a
Poverty at national poverty lines
36.2%
2021
15.8%
2021
Gross capital formation, % of GDP
35.8%
2025
29.5%
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/benin/switzerland | 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 (1899–1997, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, 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.