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Economy of Botswana vs Brazil compared: GDP & Debt

Updated on by Georank

Botswana has a GDP of $19.9B compared to $2.28T for Brazil, ranking 135/197 and 11/197 by economy size, respectively.

Botswana has $7.7B in government debt (38.6% of GDP), compared to $2.13T (93.3% of GDP) in Brazil.

Botswana vs Brazil GDP by year

Botswana
Brazil
1x
Year GDP, current $
Botswana Brazil
2025 $19,928,479,839 $2,279,920,092,492
2024 $19,286,251,068 $2,185,821,610,689
2023 $19,413,614,555 $2,191,131,765,685
2022 $20,321,150,599 $1,951,923,942,083
2021 $18,750,182,236 $1,670,647,398,905
2020 $14,960,251,608 $1,476,107,231,310
2019 $16,725,908,149 $1,873,288,205,060
2018 $17,031,943,186 $1,916,933,898,011
2017 $16,105,155,857 $2,063,514,977,366
2016 $15,082,637,184 $1,795,693,482,853
2015 $13,530,748,845 $1,802,212,206,815
2014 $15,470,088,501 $2,456,043,727,199
2013 $14,271,738,933 $2,472,819,535,557
2012 $13,907,464,500 $2,465,227,802,807
2011 $15,110,643,612 $2,616,156,223,918
2010 $12,637,273,429 $2,208,837,745,101
2009 $10,118,459,242 $1,666,996,438,581
2008 $10,730,829,116 $1,695,855,083,498
2007 $10,567,270,656 $1,397,114,486,369
2006 $9,919,158,482 $1,107,626,541,435
2005 $9,918,907,108 $891,633,839,894
2004 $8,957,467,707 $669,289,424,806
2003 $7,511,582,173 $558,233,745,652
2002 $5,438,863,983 $509,795,273,807
2001 $5,489,608,300 $559,983,634,799
2000 $5,788,329,609 $655,448,231,984
1999 $5,484,263,347 $599,642,024,320
1998 $4,790,481,509 $863,710,759,256
1997 $5,020,265,627 $883,206,179,730
1996 $4,847,757,218 $850,426,432,992
1995 $4,730,599,122 $769,333,050,987
1994 $4,259,259,604 $525,369,467,296
1993 $4,160,129,175 $368,292,034,381
1992 $4,146,464,587 $328,191,909,882
1991 $3,942,876,703 $342,534,090,909
1990 $3,790,636,324 $384,959,818,182
1989 $3,083,822,112 $412,990,820,287
1988 $2,644,554,159 $307,881,930,752
1987 $1,965,226,890 $283,056,836,894
1986 $1,392,602,164 $256,480,852,471
1985 $1,114,783,343 $210,879,844,639
1984 $1,240,822,167 $188,339,974,087
1983 $1,172,230,397 $189,656,506,321
1982 $1,014,945,696 $271,314,113,768
1981 $1,073,812,830 $258,015,174,749
1980 $1,060,889,704 $237,393,489,893
1979 $819,870,259 $221,338,204,480
1978 $590,407,374 $200,278,646,124
1977 $451,624,780 $176,344,101,402
1976 $372,025,093 $153,168,949,208
1975 $355,168,572 $129,203,555,239
1974 $306,044,208 $109,794,519,728
1973 $244,124,164 $83,592,275,863
1972 $164,460,915 $58,434,858,375
1971 $127,448,614 $48,869,830,902
1970 $96,243,234 $42,327,664,794
1969 $77,361,547 $37,171,640,819
1968 $66,248,441 $33,930,457,425
1967 $58,642,354 $31,086,389,195
1966 $51,465,655 $28,283,323,733
1965 $45,788,696 $22,465,522,884
1964 $41,616,348 $20,963,733,695
1963 $38,091,843 $23,287,712,878
1962 $35,644,957 $19,231,747,852
1961 $32,902,613 $17,275,940,449
1960 $30,411,414 $17,030,465,539

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

GeoRank.org/economy/botswana/brazil | CC BY

GDP per capita in Botswana vs Brazil by year

Botswana
GDP per capita

GDP per capita, PPP
Brazil
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Brazil
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,778 - $10,713 -
2024 $7,650 $20,538 $10,311 $22,338
2023 $7,827 $21,012 $10,378 $21,176
2022 $8,329 $19,977 $9,281 $19,877
2021 $7,808 $17,961 $7,973 $18,076
2020 $6,323 $15,292 $7,074 $16,102
2019 $7,172 $15,960 $9,030 $16,070
2018 $7,408 $15,786 $9,301 $15,464
2017 $7,105 $15,701 $10,081 $14,559
2016 $6,749 $16,228 $8,836 $14,309
2015 $6,141 $14,144 $8,936 $14,821
2014 $7,122 $15,003 $12,275 $15,827
2013 $6,667 $13,621 $12,459 $15,722
2012 $6,596 $12,737 $12,522 $15,198
2011 $7,287 $13,635 $13,397 $15,212
2010 $6,216 $12,753 $11,403 $14,452
2009 $5,083 $11,686 $8,679 $13,391
2008 $5,503 $13,810 $8,908 $13,445
2007 $5,529 $13,389 $7,410 $12,673
2006 $5,292 $12,563 $5,934 $11,751
2005 $5,391 $11,458 $4,828 $11,081
2004 $4,957 $10,818 $3,664 $10,526
2003 $4,230 $10,439 $3,091 $9,802
2002 $3,117 $9,958 $2,856 $9,617
2001 $3,206 $9,420 $3,176 $9,304
2000 $3,451 $9,380 $3,767 $9,092
1999 $3,340 $9,188 $3,494 $8,635
1998 $2,981 $8,441 $5,106 $8,599
1997 $3,194 $8,497 $5,299 $8,602
1996 $3,156 $7,890 $5,179 $8,301
1995 $3,156 $7,503 $4,757 $8,097
1994 $2,917 $7,049 $3,299 $7,727
1993 $2,929 $6,847 $2,349 $7,260
1992 $3,005 $6,753 $2,127 $6,869
1991 $2,939 $6,598 $2,258 $6,867
1990 $2,903 $6,104 $2,581 $6,688
1989 $2,428 - $2,819 -
1988 $2,141 - $2,141 -
1987 $1,639 - $2,006 -
1986 $1,200 - $1,854 -
1985 $994 - $1,556 -
1984 $1,145 - $1,420 -
1983 $1,121 - $1,461 -
1982 $1,006 - $2,138 -
1981 $1,107 - $2,080 -
1980 $1,132 - $1,959 -
1979 $909 - $1,870 -
1978 $695 - $1,733 -
1977 $565 - $1,562 -
1976 $490 - $1,390 -
1975 $493 - $1,201 -
1974 $446 - $1,045 -
1973 $374 - $815 -
1972 $264.2 - $583 -
1971 $212.2 - $500 -
1970 $163 - $444 -
1969 $131.8 - $399 -
1968 $113.4 - $374 -
1967 $100.9 - $351 -
1966 $89.1 - $328 -
1965 $79.7 - $268 -
1964 $73.5 - $257.3 -
1963 $68.9 - $294.2 -
1962 $66 - $250.2 -
1961 $62.3 - $231.6 -
1960 $58.9 - $235.3 -

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

GeoRank.org/economy/botswana/brazil | CC BY

Botswana's GDP per capita is $7,778, ranking 100/197, compared to $10,713 in Brazil, ranking 85/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Brazil ranks 88th at $22,338.

Economic indicators

Botswana Brazil
Gross domestic product
$19.9B
2025
$2.28T
2025
GDP rank
135/197
2025
11/197
2025
GDP growth
-0.73%
2024-2025
2.29%
2024-2025
GDP per capita
$7,778
2025
$10,713
2025
GDP per capita rank
100/197
2025
85/197
2025
GDP per capita, PPP
$20,538
2024
$22,338
2024
GDP per capita PPP rank
95/197
2024
88/197
2024
Government debt
$7.7B
2025
$2.13T
2025
Debt-to-GDP ratio
38.6%
2025
93.3%
2025
Government debt per person
$3,005
2025
$9,999
2025
Government debt per person rank
106/185
2025
60/185
2025
Average annual personal income after taxes
$5,441
2026
$6,555
2026
Market capitalization of domestic companies
$4.28B
2025
$871B
2025
Number of millionaires n/a
386,000
2026
Number of billionaires n/a
70
2026
Income share by richest 10%
42.9%
2015
39.3%
2024
Income share by poorest 10%
1.4%
2015
1.3%
2024
Government expenditure, % of GDP
35%
2025
47.4%
2025
Consumer prices inflation
2.66%
2024-2025
5%
2024-2025
Central bank interest rate
5.5%
2026
14.5%
2026
Unemployment rate
24.4%
2024
5.83%
2025
Population
2624853
213964342

Spending and national debt comparison by year

Botswana
Spending

Debt
Brazil
Spending

Debt
1x
Year % of GDP
Botswana Brazil
Government spending Government debt Government spending Government debt
2025 35% 38.6% 47.4% 93.3%
2024 33.7% 33.2% 45.5% 87%
2023 32.4% 22.5% 45.3% 84%
2022 29.1% 21% 43.4% 83.9%
2021 31.4% 22.3% 40.4% 88.9%
2020 36.5% 23.5% 46.2% 96%
2019 36.9% 21.5% 43% 87.1%
2018 35.6% 19.6% 44.2% 84.8%
2017 34.7% 19.6% 44.3% 82.7%
2016 34.1% 22.3% 45.5% 77.4%
2015 37.8% 24.5% 46.2% 71.7%
2014 36.5% 23.9% 41.4% 61.6%
2013 33.5% 23.8% 39.8% 59.6%
2012 37.1% 26.4% 39.3% 61.6%
2011 37.2% 27.9% 39.4% 60.6%
2010 42.6% 26.5% 39.5% 62.4%
2009 52.1% 22.4% 40.5% 64.7%
2008 48.1% 7.79% 39.9% 61.4%
2007 37.1% 5.93% 40.4% 63%
2006 33.1% 6.14% 42.6% 64.6%
2005 33.8% 7.46% 41.9% 67%
2004 39.8% 10.7% 39.7% 68%
2003 42.7% 7.08% 41.3% 71.5%
2002 45.1% 8.37% 44.5% 76.1%
2001 42.1% 7.48% 39.8% 67.3%
2000 38.8% 8.16% 34.5% 62.2%
1999 40.1% 9.31% 39.6% 44.5%
1998 41.8% 11.3% 40.9% 38.9%
1997 39% - 38.6% 31.8%
1996 36.1% - 38.2% 30.7%
1995 36.1% - - 28%
1994 37.6% - - 30%
1993 42% - - 32.6%
1992 42.3% - - 37.1%
1991 41.1% - - 38.1%
1990 38.9% - - 40.6%
1989 - - - 40.2%
1988 - - - 46.9%
1987 - - - 50.3%
1986 - - 11.7% 49.4%
1985 - - 11.1% 52.6%
1984 - - 10% 55.8%
1983 - - 9.7% 51.5%
1982 - - 8.1% 32.8%
1981 - - 7.8% 34.6%
1980 - - 6.8% 39.7%
1979 - - 9% 36.6%
1978 - - 10.2% 37%
1977 - - 10.4% 31%
1976 - - 10.6% 31.8%
1975 - - 10.7% 27.7%
1974 - - 10.5% 25.7%
1973 - - 11% 22.4%
1972 - - 12.6% 22.5%
1971 - - 11.7% 17.9%
1970 - - 11.4% 17%
1969 - - 11.2% 16.5%
1968 - - 14.4% 15.8%
1967 - - 13.5% 13.8%
1966 - - 14.6% 19.6%
1965 - - 14% 17.6%
1964 - - 25.4% 22.2%
1963 - - 22.8% 20.4%
1962 - - 23.1% 23.7%
1961 - - 12% 25.7%
1960 - - 13.7% 22.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

GeoRank.org/economy/botswana/brazil | CC BY

In 2025, Botswana's government spending was $6.98B, accounting for 35% of its GDP, while Brazil spent $1.08T, or 47.4% of GDP.

Debt-to-GDP ratio is 38.6% in Botswana and 93.3% in Brazil, ranking 137/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Brazil
1x
Year Deficit/surplus, % of GDP
Botswana Brazil
2025 -7.42% -8.07%
2024 -7.26% -6.17%
2023 -4.16% -7.71%
2022 0.04% -3.96%
2021 -2.33% -2.63%
2020 -10.9% -11.6%
2019 -8.53% -4.86%
2018 -5.03% -6.99%
2017 -1.14% -7.97%
2016 0.71% -7.99%
2015 -4.82% -9.28%
2014 3.9% -6.27%
2013 5.84% -3.42%
2012 0.89% -2.35%
2011 -0.12% -2.74%
2010 -7.95% -3.55%
2009 -13.8% -4.23%
2008 -7.61% -2.39%
2007 5.73% -2.66%
2006 13.3% -4.87%
2005 10.3% -3.36%
2004 1.35% -2.95%
2003 -0.18% -5.4%
2002 -3.94% -4.15%
2001 -2.91% -3.47%
2000 8.73% -3.32%
1999 5.95% -5.17%
1998 - -7.22%
1997 - -5.6%
1996 - -5.35%
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -1.6%
1985 - -1.3%
1984 - -0.4%
1983 - 0.1%
1982 - 1.4%
1981 - 1%
1980 - 2.5%
1979 - 0.4%
1978 - -0.1%
1977 - 0.1%
1976 - 0.1%
1975 - 0%
1974 - 0.6%
1973 - 0.1%
1972 - -0.1%
1971 - -0.3%
1970 - -0.4%
1969 - -0.6%
1968 - -1.6%
1967 - -2.1%
1966 - -1.3%
1965 - -2%
1964 - -8.79%
1963 - -5.78%
1962 - -6.82%
1961 - -2.93%
1960 - -3.85%
1959 - -0.18%
1958 - -0.76%
1957 - -0.29%
1956 - -0.14%
1955 - -0.62%
1954 - -0.49%
1953 - -1.26%
1952 - 0.64%
1951 - 0.87%
1950 - -1.58%
1949 - -1.22%
1948 - 0.002%
1947 - 0.25%
1946 - -1.78%
1945 - -2.87%
1944 - -2.37%
1943 - -0.75%
1942 - -2.55%
1941 - -2.15%
1940 - -1.13%
1939 - -1.2%
1938 - -0.59%
1937 - -1.62%
1936 - -0.27%
1935 - -0.5%
1934 - -2.28%
1933 - -1.56%
1932 - -6.47%
1931 - -1.56%
1930 - -3.58%
1929 - -0.09%
1928 - 0.57%
1927 - 0.12%
1926 - -0.76%
1925 - -0.07%
1924 - -0.45%
1923 - -1.94%
1922 - -3.8%
1921 - -2.98%
1920 - -3.11%
1919 - -3.69%
1918 - -4.51%
1917 - -4.8%
1916 - -4.35%
1915 - -6.33%
1914 - -7.32%
1913 - -1.91%
1912 - -3.05%
1911 - -2.15%
1910 - -2.06%
1909 - -1.62%
1908 - -1.89%
1907 - 0.38%
1906 - 0.28%
1905 - 0.96%
1904 - -0.62%
1903 - 1.79%
1902 - 1.59%
1901 - -2.46%
1900 - -5.57%
1899 - -2.13%
1898 - -14%
1897 - -2.38%
1896 - -0.79%
1895 - -1.33%
1894 - -4.11%
1893 - -1.77%
1892 - -2.6%
1891 - 0.51%
1890 - -3.02%
1889 - -3.79%
1888 - 0.63%
1887 - -0.76%
1886 - -3.8%
1885 - -5.71%
1884 - -3.89%
1883 - -3.33%
1882 - -1.58%
1881 - -1.9%
1880 - -4.84%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08).

GeoRank.org/economy/botswana/brazil | CC BY

In 2025, Botswana's government deficit, the difference between spending and revenue, was $1.48B, equivalent to 7.42% of GDP. This compares to Brazil's deficit of $184B, or 8.07% of GDP.

Over the past 27 years, Botswana recorded a fiscal deficit in 16 of those years, while Brazil ran a deficit in 27 years. On average, Botswana posted an annual deficit equal to 1.16% of GDP, compared to deficit of 5.1% of GDP for Brazil.

Inflation comparison by year

Inflation
Botswana

Brazil
1x
Year Consumer prices inflation
Botswana Brazil
2025 2.66% 5%
2024 2.82% 4.4%
2023 5.07% 4.6%
2022 11.7% 9.3%
2021 7.24% 8.3%
2020 1.89% 3.2%
2019 2.77% 3.7%
2018 3.24% 3.7%
2017 3.31% 3.4%
2016 2.81% 8.7%
2015 3.06% 9%
2014 4.4% 6.3%
2013 5.88% 6.2%
2012 7.54% 5.4%
2011 8.46% 6.6%
2010 6.95% 5%
2009 8.03% 4.9%
2008 12.7% 5.7%
2007 7.08% 3.6%
2006 11.6% 4.2%
2005 8.61% 6.9%
2004 6.95% 6.6%
2003 9.19% 14.7%
2002 8.03% 8.4%
2001 6.56% 6.8%
2000 8.6% 7%
1999 7.75% 4.9%
1998 6.66% 3.2%
1997 8.72% 6.9%

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/botswana/brazil | CC BY

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.56%, compared with 6.09% in Brazil. In 2025, inflation was 2.66% in Botswana and 5% in Brazil.

Top exports between countries

Botswana
Export category Export value
Miscellaneous $37K
Machinery & equipment $10K
Precious metals & jewellery $5K
Brazil
Export category Export value
Machinery & equipment $1.4M
Weapons & explosives $600K
Processed food, beverages & tobacco $345K
Animal & marine products $249K
Textiles & consumer goods $185K
Wood & paper products $83K
Raw agricultural goods $57K
Metals $39K
Chemicals & pharma $13K
Raw materials & minerals $6K

Balance of trade

Botswana Brazil
Current account balance
-$821M
2024
-$66.7B
2025
Current account balance ranking
113/190
2024
188/190
2025
Current account balance, % of GDP
-4.26%
2024
-2.93%
2025
Goods imports
$6.86B
2024
$291B
2025
Goods exports
$4.66B
2024
$351B
2025
Service imports
$1.29B
2024
$105B
2025
Service exports
$935M
2024
$54.4B
2025
Imports of goods and services, % of GDP
37.5%
2025
17.5%
2025
Exports of goods and services, % of GDP
32%
2025
17.8%
2025

Economic freedom indices

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

Botswana Brazil
Economic freedom 67.7 52.4
Economic freedom ranking 53/197 148/197
Property rights 71.7 49.2
Government integrity 59.6 37.2
Judicial effectiveness 70.2 55.6
Tax burden 87.1 70.6
Government spending 69.8 39.8
Fiscal health 72.4 28
Business freedom 61.5 65.7
Labor freedom 60.7 57
Monetary freedom 72 76
Trade freedom 77 69
Investment freedom 50 40
Financial freedom 60 40

Economic freedom comparison by year

Botswana
Brazil
1x
Year Economic freedom index
Botswana Brazil
2026 67.7 52.4
2025 69.9 55.1
2024 68 53.2
2023 64.9 53.5
2022 64.8 53.3
2021 67.6 53.4
2020 69.6 53.7
2019 69.5 51.9
2018 69.9 51.4
2017 70.1 52.9
2016 71.1 56.5
2015 69.8 56.6
2014 72 56.9
2013 70.6 57.7
2012 69.6 57.9
2011 68.8 56.3
2010 70.3 55.6
2009 69.7 56.7
2008 68.2 56.2
2007 68.1 56.2
2006 68.8 60.9
2005 69.3 61.7
2004 69.9 62
2003 68.6 63.4
2002 66.2 61.5
2001 66.8 61.9
2000 65.8 61.1
1999 62.9 61.3
1998 62.8 52.3
1997 59.1 52.6
1996 61.6 48.1
1995 56.8 51.4

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

GeoRank.org/economy/botswana/brazil | CC BY

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 52.4 for Brazil, ranking 148/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Brazil
Services, % of GDP
64.6%
2025
59.7%
2025
Industry, % of GDP
27.9%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.78%
2025
6.09%
2025
GNI, Atlas method
$18.9B
2025
$2.25T
2025
GNI per capita, PPP
$19,960
2025
$22,670
2025
Total reserves including gold
$3.46B
2024
$359B
2025
Total reserves ranking
117/177
2024
13/177
2025
Net foreign direct investment
-$464M
2024
-$47.5B
2025
Net inflows of foreign direct investment
$467M
2024
$74.1B
2024
Net outflows of foreign direct investment
$3.02M
2024
$26.3B
2024
Servicing debt to the IMF, % of GNI
1.45%
2024
5.4%
2024
Poverty at national poverty lines
16.1%
2015
4.2%
2020
Gross capital formation, % of GDP
29.2%
2025
17.1%
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/botswana/brazil | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.