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Economy of Bosnia and Herzegovina vs Greece compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $256B for Greece, ranking 111/197 and 53/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $397B (154.8% of GDP) in Greece.

Bosnia and Herzegovina vs Greece GDP by year

Bosnia and Herzegovina
Greece
1x
Year GDP, current $
Bosnia Greece
2024 $29,613,572,023 $256,238,371,778
2023 $27,592,361,498 $242,946,187,738
2022 $24,534,663,636 $217,990,189,601
2021 $23,672,712,121 $218,303,801,895
2020 $20,226,038,370 $191,362,985,555
2019 $20,482,608,984 $207,305,649,887
2018 $20,484,058,033 $213,298,873,494
2017 $18,326,373,136 $200,381,103,984
2016 $17,116,926,554 $193,097,239,006
2015 $16,404,348,361 $194,567,373,678
2014 $18,558,734,107 $233,911,581,521
2013 $18,179,109,209 $236,556,279,641
2012 $17,226,735,996 $238,841,140,018
2011 $18,644,233,537 $283,228,079,776
2010 $17,176,315,804 $296,417,644,404
2009 $17,613,949,091 $326,829,054,686
2008 $19,112,796,623 $351,121,399,546
2007 $15,778,734,264 $314,226,996,944
2006 $12,864,841,906 $269,073,415,334
2005 $11,222,796,337 $242,315,668,619
2004 $10,156,541,221 $234,979,615,898
2003 $8,498,894,359 $196,930,509,813
2002 $6,728,220,983 $150,253,800,086
2001 $5,800,615,375 $132,050,474,720
2000 $5,567,772,769 $125,760,166,225
1999 $4,686,256,363 $137,131,371,955
1998 $4,116,774,301 $139,612,812,176
1997 $3,671,909,673 $138,766,067,640
1996 $2,786,045,322 $142,502,984,145
1995 $1,866,572,954 $134,974,613,914
1994 $1,255,802,469 $114,980,063,202
1993 $3,630,668,950 $107,295,704,518
1992 $4,735,044,707 $114,608,178,405
1991 $6,122,959,184 $103,680,863,713
1990 $7,753,478,261 $96,529,587,274
1989 - $78,067,933,277
1988 - $75,200,610,137
1987 - $64,739,630,096
1986 - $55,595,445,472
1985 - $47,155,741,426
1984 - $47,352,146,312
1983 - $48,741,397,059
1982 - $53,858,346,939
1981 - $51,618,456,335
1980 - $56,039,256,595
1979 - $53,724,121,435
1978 - $43,654,480,519
1977 - $35,673,080,481
1976 - $30,719,552,239
1975 - $28,129,128,587
1974 - $24,998,715,909
1973 - $22,037,019,563
1972 - $16,650,659,091
1971 - $14,388,806,818
1970 - $12,957,113,636
1969 - $11,454,106,327
1968 - $9,950,331,206
1967 - $9,146,592,856
1966 - $8,472,021,467
1965 - $7,582,209,670
1964 - $6,576,906,345
1963 - $5,813,285,627
1962 - $5,140,542,929
1961 - $4,892,397,431
1960 - $4,274,890,307

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

GeoRank.org/economy/bosnia-and-herzegovina/greece | CC BY

GDP per capita in Bosnia and Herzegovina vs Greece by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $24,626 $44,327
2023 $8,663 $23,376 $23,344 $42,711
2022 $7,656 $21,651 $20,887 $39,612
2021 $7,295 $18,287 $20,655 $33,531
2020 $6,130 $16,370 $17,887 $29,533
2019 $6,122 $16,429 $19,335 $31,927
2018 $6,048 $14,859 $19,873 $29,792
2017 $5,345 $13,627 $18,632 $28,682
2016 $4,929 $12,899 $17,919 $27,505
2015 $4,662 $11,845 $17,981 $26,608
2014 $5,206 $11,168 $21,475 $26,450
2013 $5,035 $10,808 $21,573 $25,731
2012 $4,694 $10,121 $21,624 $24,583
2011 $4,983 $9,761 $25,505 $25,693
2010 $4,506 $9,086 $26,653 $27,839
2009 $4,540 $8,698 $29,425 $29,963
2008 $4,842 $8,587 $31,696 $30,441
2007 $3,931 $7,686 $28,441 $28,896
2006 $3,166 $6,869 $24,416 $28,076
2005 $2,740 $5,956 $22,054 $25,004
2004 $2,453 $5,407 $21,449 $24,826
2003 $2,034 $4,917 $18,021 $23,253
2002 $1,607 $4,665 $13,782 $21,985
2001 $1,388 $4,307 $12,157 $20,304
2000 $1,338 $4,148 $11,638 $18,820
1999 $1,135 $3,875 $12,743 $17,758
1998 $1,007 $3,524 $13,023 $17,434
1997 $914 $3,041 $13,016 $16,630
1996 $719 $2,269 $13,433 $15,778
1995 $502 $1,507 $12,779 $15,218
1994 $337 $1,269 $10,937 $14,667
1993 $930 $1,067 $10,257 $14,150
1992 $1,118 $982 $11,021 $14,130
1991 $1,373 $975 $10,047 $13,824
1990 $1,743 $1,043 $9,467 $13,126
1989 - - $7,738 -
1988 - - $7,492 -
1987 - - $6,474 -
1986 - - $5,578 -
1985 - - $4,747 -
1984 - - $4,785 -
1983 - - $4,950 -
1982 - - $5,502 -
1981 - - $5,305 -
1980 - - $5,812 -
1979 - - $5,627 -
1978 - - $4,629 -
1977 - - $3,832 -
1976 - - $3,343 -
1975 - - $3,109 -
1974 - - $2,789 -
1973 - - $2,468 -
1972 - - $1,873 -
1971 - - $1,629 -
1970 - - $1,474 -
1969 - - $1,306 -
1968 - - $1,138 -
1967 - - $1,053 -
1966 - - $984 -
1965 - - $887 -
1964 - - $773 -
1963 - - $686 -
1962 - - $608 -
1961 - - $583 -
1960 - - $513 -

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

GeoRank.org/economy/bosnia-and-herzegovina/greece | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Greece ranks 52nd at $44,327.

Economic indicators

Bosnia Greece
Gross domestic product
$29.6B
2024
$256B
2024
GDP rank
111/197
2024
53/197
2024
GDP growth
2.97%
2023-2024
2.09%
2023-2024
GDP per capita
$9,359
2024
$24,626
2024
GDP per capita rank
87/197
2024
49/197
2024
GDP per capita, PPP
$25,043
2024
$44,327
2024
GDP per capita PPP rank
83/197
2024
52/197
2024
Government debt
$8.74B
2024
$397B
2024
Debt-to-GDP ratio
29.5%
2024
154.8%
2024
Government debt per person
$2,763
2024
$38,119
2024
Government debt per person rank
107/185
2024
16/185
2024
Average annual personal income after taxes
$8,501
2026
$14,396
2026
Market capitalization of domestic companies n/a
$83.2B
2024
Number of billionaires n/a
16
2025
Income share by richest 10%
25.1%
2011
26%
2023
Income share by poorest 10%
2.9%
2011
2.7%
2023
Government expenditure, % of GDP
43.3%
2024
48%
2024
Consumer prices inflation
1.7%
2023-2024
2.74%
2023-2024
Unemployment rate
10.7%
2024
10%
2024
Population
3116111
10181414

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Bosnia Greece
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 48% 154.8%
2023 41.7% 29% 49.5% 165.2%
2022 39.4% 31.2% 52.8% 178.4%
2021 40.6% 35.8% 56.7% 197.8%
2020 45.4% 37.2% 59.3% 209.9%
2019 39.9% 32.8% 47.6% 183.7%
2018 40.4% 34.5% 48.6% 189.6%
2017 40% 38.6% 48.5% 182.6%
2016 41.5% 44.9% 50.3% 183.7%
2015 42.7% 46.4% 51.9% 180%
2014 46.2% 47.1% 51.5% 182.8%
2013 44.5% 43.8% 53% 180.5%
2012 46.9% 43.6% 54.9% 164.3%
2011 46.4% 40.9% 55.1% 175.1%
2010 48.7% 42.2% 53.1% 147.8%
2009 49% 36.4% 54.8% 128.5%
2008 48.4% 30.3% 51.5% 110.9%
2007 45.2% 18.2% 47.8% 104.6%
2006 44.2% 20.6% 45.9% 105.3%
2005 44.5% 24.9% 46.6% 109.9%
2004 45.6% 25.5% 48.8% 105.5%
2003 47.3% 27.6% 47.9% 104.3%
2002 47.4% 31.1% 47.1% 107.9%
2001 50.2% 35.1% 47.5% 110.5%
2000 56.2% 34.6% 48.2% 108.9%
1999 57.5% 56% 48% 102.8%
1998 54.4% 54.4% 46.7% 100.8%
1997 - - 45.1% 102.6%
1996 - - 46.1% 103.7%
1995 - - 46.6% 100.4%
1994 - - 36.9% 99.7%
1993 - - 38.6% 101.7%
1992 - - 36.9% 81.1%
1991 - - 35.2% 75.7%
1990 - - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

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/bosnia-and-herzegovina/greece | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 154.8% in Greece, ranking 159/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Greece
1x
Year Deficit/surplus, % of GDP
Bosnia Greece
2024 -1.88% 1.34%
2023 -1.67% -1.35%
2022 0.15% -2.46%
2021 -0.18% -7.58%
2020 -4.5% -10.3%
2019 1.37% -0.09%
2018 1.63% 0.78%
2017 1.79% 1.05%
2016 0.34% 0.28%
2015 -0.19% -3.03%
2014 -2.87% -4.29%
2013 -1.28% -4.06%
2012 -2.68% -6.94%
2011 -2.73% -10.5%
2010 -4.06% -11.4%
2009 -5.34% -15.4%
2008 -3.82% -10.3%
2007 0.17% -6.81%
2006 2.08% -6.04%
2005 0.74% -6.33%
2004 -0.18% -9.05%
2003 -0.44% -8.05%
2002 -2.99% -6.2%
2001 -3.44% -5.64%
2000 -4.63% -4.21%
1999 -2.78% -6.02%
1998 -0.98% -6.48%
1997 - -6.25%
1996 - -8.35%
1995 - -9.87%
1994 - -8.48%
1993 - -11.5%
1992 - -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/greece | CC BY

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $557M, equivalent to 1.88% of GDP. This compares to Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Greece ran a deficit in 23 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 5.53% of GDP for Greece.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Greece
1x
Year Consumer prices inflation
Bosnia Greece
2024 1.7% 2.74%
2023 6.1% 3.46%
2022 14% 9.65%
2021 2% 1.22%
2020 -1.1% -1.25%
2019 0.6% 0.25%
2018 1.4% 0.63%
2017 0.8% 1.12%
2016 -1.6% -0.83%
2015 -1% -1.74%
2014 -0.9% -1.31%
2013 -0.1% -0.92%
2012 2.1% 1.5%
2011 4% 3.33%
2010 2.1% 4.71%
2009 -0.4% 1.21%
2008 7.4% 4.15%
2007 1.5% 2.9%
2006 6.1% 3.2%
2005 3.6% 3.55%
2004 0.3% 2.9%
2003 0.5% 3.53%
2002 0.3% 3.63%
2001 3.2% 3.37%
2000 5% 3.15%
1999 2.8% 2.64%
1998 -0.3% 4.77%
1997 5.7% 5.54%

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/bosnia-and-herzegovina/greece | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 2.4% in Greece. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 2.74% in Greece.

Top exports between countries

Bosnia
Export category Export value
Transport & tourism services $7.57M
Metals $4.12M
Wood & paper products $3.25M
Chemicals & pharma $2.33M
Raw materials & minerals $2.05M
Weapons & explosives $1.67M
Processed food, beverages & tobacco $1.12M
Machinery & equipment $520K
Textiles & consumer goods $500K
IT & IP services $221K
Greece
Export category Export value
Raw materials & minerals $19.1M
Metals $14.1M
Textiles & consumer goods $14.1M
Chemicals & pharma $12.9M
Processed food, beverages & tobacco $5.47M
Machinery & equipment $3.84M
Wood & paper products $3.77M
Raw agricultural goods $3.56M
Miscellaneous $888K
Animal & marine products $561K

Balance of trade

Bosnia Greece
Current account balance
-$1.03B
2024
-$18.2B
2024
Current account balance ranking
123/190
2024
182/190
2024
Current account balance, % of GDP
-3.47%
2024
-7.11%
2024
Goods imports
$14.8B
2024
$91.2B
2024
Goods exports
$8.36B
2024
$52.6B
2024
Service imports
$1.27B
2024
$31.1B
2024
Service exports
$3.74B
2024
$55.8B
2024
Imports of goods and services, % of GDP
54.3%
2024
47.7%
2024
Exports of goods and services, % of GDP
40.9%
2024
42.1%
2024

Economic freedom indices

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

Bosnia Greece
Economic freedom 63.1 63.2
Economic freedom ranking 83/197 82/197
Property rights 46.9 78
Government integrity 36.8 54.8
Judicial effectiveness 36.1 68
Tax burden 93.9 59.9
Government spending 48.4 24.7
Fiscal health 96.2 78.9
Business freedom 65.1 77.8
Labor freedom 62.7 59.7
Monetary freedom 77.5 72.6
Trade freedom 69 79.4
Investment freedom 65 55
Financial freedom 60 50

Economic freedom comparison by year

Bosnia and Herzegovina
Greece
1x
Year Economic freedom index
Bosnia Greece
2026 63.1 63.2
2025 63.5 60.6
2024 62 55.1
2023 62.9 56.9
2022 63.4 61.5
2021 62.9 60.9
2020 62.6 59.9
2019 61.9 57.7
2018 61.4 57.3
2017 60.2 55
2016 58.6 53.2
2015 59 54
2014 58.4 55.7
2013 57.3 55.4
2012 57.3 55.4
2011 57.5 60.3
2010 56.2 62.7
2009 53.1 60.8
2008 53.9 60.6
2007 54.4 58.7
2006 55.6 60.1
2005 48.8 59
2004 44.7 59.1
2003 40.6 58.8
2002 37.4 59.1
2001 36.6 63.4
2000 45.1 61
1999 29.4 61
1998 29.4 60.6
1997 - 59.6
1996 - 60.5
1995 - 61.2

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

GeoRank.org/economy/bosnia-and-herzegovina/greece | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Greece
Services, % of GDP
56.6%
2024
68%
2024
Industry, % of GDP
22.4%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
3.77%
2024
GNI, Atlas method
$27.8B
2024
$236B
2024
GNI per capita, PPP
$24,990
2024
$43,340
2024
Total reserves including gold
$9.42B
2024
$15.2B
2024
Total reserves ranking
79/177
2024
67/177
2024
Net foreign direct investment
-$885M
2024
-$4.52B
2024
Net inflows of foreign direct investment
$1B
2024
$6.74B
2024
Net outflows of foreign direct investment
$119M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
n/a
Poverty at national poverty lines
16.9%
2015
18.8%
2021
Gross capital formation, % of GDP
27.5%
2024
18.3%
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/bosnia-and-herzegovina/greece | 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 (1880–1989, 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 (2016–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.