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Economy of Botswana vs Japan compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $4.03T for Japan, ranking 133/197 and 4/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $9.51T (236.1% of GDP) in Japan.

Botswana vs Japan GDP by year

Botswana
Japan
1x
Year GDP, current $
Botswana Japan
2024 $19,402,063,513 $4,027,597,523,551
2023 $19,411,266,967 $4,213,167,237,906
2022 $20,321,150,599 $4,262,463,317,797
2021 $18,750,182,236 $5,039,148,168,861
2020 $14,960,251,608 $5,054,068,005,376
2019 $16,725,908,149 $5,117,993,853,017
2018 $17,031,943,186 $5,040,880,939,325
2017 $16,105,155,857 $4,930,837,369,151
2016 $15,082,637,184 $5,003,677,627,544
2015 $13,530,748,845 $4,444,930,651,964
2014 $15,470,088,501 $4,896,994,405,353
2013 $14,271,738,933 $5,212,328,181,166
2012 $13,907,464,500 $6,272,362,996,105
2011 $15,110,643,612 $6,233,147,172,341
2010 $12,637,273,429 $5,759,071,769,013
2009 $10,118,459,242 $5,289,493,117,994
2008 $10,730,829,116 $5,106,679,115,127
2007 $10,567,270,656 $4,579,750,920,355
2006 $9,919,158,482 $4,601,663,122,650
2005 $9,918,907,108 $4,831,467,035,390
2004 $8,957,467,707 $4,893,116,005,657
2003 $7,511,582,173 $4,519,561,645,254
2002 $5,438,863,983 $4,182,846,045,874
2001 $5,489,608,300 $4,374,711,694,091
2000 $5,788,329,609 $4,968,359,075,957
1999 $5,484,263,347 $4,635,982,224,064
1998 $4,790,481,509 $4,098,362,709,531
1997 $5,020,265,627 $4,492,448,605,639
1996 $4,847,757,218 $4,923,391,533,852
1995 $4,730,599,122 $5,545,563,663,890
1994 $4,259,259,604 $4,998,797,547,741
1993 $4,160,129,175 $4,536,940,479,038
1992 $4,146,464,587 $3,980,702,922,118
1991 $3,942,876,703 $3,648,065,760,649
1990 $3,790,636,324 $3,185,904,656,664
1989 $3,083,822,112 $3,109,455,047,824
1988 $2,644,554,159 $3,125,724,434,401
1987 $1,965,226,890 $2,580,748,422,781
1986 $1,392,602,164 $2,120,083,812,110
1985 $1,114,783,343 $1,427,019,759,717
1984 $1,240,822,167 $1,345,824,500,837
1983 $1,172,230,397 $1,270,859,919,743
1982 $1,014,945,696 $1,158,731,426,906
1981 $1,073,812,830 $1,245,221,410,764
1980 $1,060,889,704 $1,129,377,244,854
1979 $819,870,259 $1,077,910,077,676
1978 $590,407,374 $1,035,611,588,217
1977 $451,624,780 $737,069,290,928
1976 $372,025,093 $598,883,902,156
1975 $355,168,572 $532,861,438,885
1974 $306,044,208 $490,035,789,970
1973 $244,124,164 $441,460,582,536
1972 $164,460,915 $324,933,841,269
1971 $127,448,614 $245,364,056,622
1970 $96,243,234 $217,223,652,719
1969 $77,361,547 $184,298,841,305
1968 $66,248,441 $156,897,496,759
1967 $58,642,354 $132,475,614,227
1966 $51,465,655 $113,046,784,179
1965 $45,788,696 $97,338,107,606
1964 $41,616,348 $87,490,590,818
1963 $38,091,843 $74,379,284,603
1962 $35,644,957 $64,987,857,542
1961 $32,902,613 $57,266,758,180
1960 $30,411,414 $47,419,238,274

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

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

GDP per capita in Botswana vs Japan by year

Botswana
GDP per capita

GDP per capita, PPP
Japan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Japan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 $32,487 $52,039
2023 $7,826 $21,012 $33,836 $50,662
2022 $8,329 $19,977 $34,066 $47,192
2021 $7,808 $17,961 $40,095 $44,355
2020 $6,323 $15,292 $40,029 $42,426
2019 $7,172 $15,960 $40,416 $42,678
2018 $7,408 $15,786 $39,751 $42,142
2017 $7,105 $15,701 $38,834 $41,444
2016 $6,749 $16,228 $39,375 $40,597
2015 $6,141 $14,144 $34,961 $40,899
2014 $7,122 $15,003 $38,475 $39,555
2013 $6,667 $13,621 $40,899 $39,402
2012 $6,596 $12,737 $49,145 $37,606
2011 $7,287 $13,635 $48,760 $36,214
2010 $6,216 $12,753 $44,968 $35,336
2009 $5,083 $11,686 $41,309 $33,543
2008 $5,503 $13,810 $39,876 $35,274
2007 $5,529 $13,389 $35,779 $35,015
2006 $5,292 $12,563 $35,992 $33,632
2005 $5,391 $11,458 $37,813 $32,170
2004 $4,957 $10,818 $38,299 $30,832
2003 $4,230 $10,439 $35,387 $29,392
2002 $3,117 $9,958 $32,821 $28,624
2001 $3,206 $9,420 $34,406 $27,943
2000 $3,451 $9,380 $39,169 $27,288
1999 $3,340 $9,188 $36,610 $25,736
1998 $2,981 $8,441 $32,424 $25,508
1997 $3,194 $8,497 $35,638 $25,619
1996 $3,156 $7,890 $39,150 $24,999
1995 $3,156 $7,503 $44,198 $23,858
1994 $2,917 $7,049 $39,934 $22,823
1993 $2,929 $6,847 $36,345 $22,168
1992 $3,005 $6,753 $31,993 $21,825
1991 $2,939 $6,598 $29,428 $21,227
1990 $2,903 $6,104 $25,801 $19,912
1989 $2,428 - $25,266 -
1988 $2,141 - $25,500 -
1987 $1,639 - $21,142 -
1986 $1,200 - $17,452 -
1985 $994 - $11,809 -
1984 $1,145 - $11,207 -
1983 $1,121 - $10,652 -
1982 $1,006 - $9,780 -
1981 $1,107 - $10,583 -
1980 $1,132 - $9,669 -
1979 $909 - $9,301 -
1978 $695 - $9,012 -
1977 $565 - $6,473 -
1976 $490 - $5,310 -
1975 $493 - $4,776 -
1974 $446 - $4,448 -
1973 $374 - $4,061 -
1972 $264.2 - $3,031 -
1971 $212.2 - $2,321 -
1970 $163 - $2,101 -
1969 $131.8 - $1,803 -
1968 $113.4 - $1,553 -
1967 $100.9 - $1,326 -
1966 $89.1 - $1,144 -
1965 $79.7 - $994 -
1964 $73.5 - $903 -
1963 $68.9 - $776 -
1962 $66 - $685 -
1961 $62.3 - $609 -
1960 $58.9 - $509 -

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

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

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $32,487 in Japan, ranking 38/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Japan ranks 41st at $52,039.

Economic indicators

Botswana Japan
Gross domestic product
$19.4B
2024
$4.03T
2024
GDP rank
133/197
2024
4/197
2024
GDP growth
-2.99%
2023-2024
0.1%
2023-2024
GDP per capita
$7,696
2024
$32,487
2024
GDP per capita rank
97/197
2024
38/197
2024
GDP per capita, PPP
$20,538
2024
$52,039
2024
GDP per capita PPP rank
95/197
2024
41/197
2024
Government debt
$5.82B
2024
$9.51T
2024
Debt-to-GDP ratio
30%
2024
236.1%
2024
Government debt per person
$2,310
2024
$76,704
2024
Government debt per person rank
114/185
2024
3/185
2024
Average annual personal income after taxes
$5,271
2026
$23,653
2026
Market capitalization of domestic companies
$3.59B
2023
$6.31T
2024
Number of millionaires n/a
2,732,000
2025
Number of billionaires n/a
42
2025
Income share by richest 10%
42.9%
2015
23.9%
2020
Income share by poorest 10%
1.4%
2015
2.4%
2020
Government expenditure, % of GDP
33.8%
2024
39.1%
2024
Consumer prices inflation
2.82%
2023-2024
2.74%
2023-2024
Central bank interest rate
1.9%
2024
0.75%
2025
Unemployment rate
24.4%
2024
2.54%
2024
Population
2615162
122677250

Spending and national debt comparison by year

Botswana
Spending

Debt
Japan
Spending

Debt
1x
Year % of GDP
Botswana Japan
Government spending Government debt Government spending Government debt
2024 33.8% 30% 39.1% 236.1%
2023 32.4% 22.5% 39.2% 240.5%
2022 29.5% 21.3% 41.8% 248.2%
2021 33% 23.4% 42.5% 253.7%
2020 38.5% 24.8% 44.5% 258.4%
2019 36.4% 21.3% 37.3% 236.4%
2018 35.9% 19.8% 36.7% 232.4%
2017 35% 19.8% 36.7% 231.3%
2016 34.2% 22.4% 37.2% 232.4%
2015 39.7% 25.7% 37.3% 228.3%
2014 36.4% 23.9% 38.4% 233.3%
2013 34.8% 24.7% 38.8% 229.5%
2012 38.3% 27.3% 38.6% 226.1%
2011 37.4% 28.1% 38.6% 219.2%
2010 44.7% 27.9% 37.7% 205.9%
2009 54.5% 23.5% 38.7% 198.8%
2008 48% 7.77% 34.1% 180.9%
2007 38.3% 6.12% 33.1% 173%
2006 34.1% 6.32% 33.1% 174.1%
2005 35% 7.74% 33.5% 174.6%
2004 42% 11.3% 33.7% 169.5%
2003 44% 7.29% 35% 160%
2002 46% 8.55% 35.4% 154.1%
2001 42.9% 7.61% 35.2% 145.1%
2000 39.8% 8.37% 36% 135.6%
1999 41.7% 9.68% 35.6% 129.5%
1998 44.3% 12% 38.6% 116%
1997 40% - 33.1% 105%
1996 37.2% - 33.8% 98.1%
1995 38.1% - 33.4% 92.5%
1994 39.2% - 32.8% 84.4%
1993 44.2% - 32.1% 72.8%
1992 43.4% - 30.3% 66.8%
1991 42.3% - 29.3% 62.4%
1990 40.5% - 29.5% 63.2%
1989 - - 29.2% 65.7%
1988 - - 29.9% 71.9%
1987 - - 30.6% 75.8%
1986 - - 30.4% 74.1%
1985 - - 30.4% 68.3%
1984 - - 31.2% 65.6%
1983 - - 31.8% 63.5%
1982 - - 31.7% 57.7%
1981 - - 31.5% 52.8%
1980 - - 33.5% 47.8%
1979 - - 33.2% 43.8%
1978 - - 32.1% 39%
1977 - - 30.4% 31.1%
1976 - - 29.1% 26.1%
1975 - - 28.5% 20.9%
1974 - - 25.5% 16.7%
1973 - - 23.3% 15.9%
1972 - - 23.1% 16.3%
1971 - - 21.8% 12.6%
1970 - - 20.2% 11.2%
1969 - - 19.8% 11.4%
1968 - - 20.1% 11.8%
1967 - - 19.9% 11.4%
1966 - - 20.8% 11.2%
1965 - - 20.4% 9.78%
1964 - - 19.8% 8.53%
1963 - - 20% 8.66%
1962 - - 19.4% 9.01%
1961 - - 18.2% 8.44%
1960 - - 18.4% 10.4%

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/botswana/japan | CC BY

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Japan spent $1.57T, or 39.1% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 236.1% in Japan, ranking 158/185 and 3/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Japan
1x
Year Deficit/surplus, % of GDP
Botswana Japan
2024 -7.82% -1.53%
2023 -4.25% -2.26%
2022 -0.006% -4.21%
2021 -2.46% -6.13%
2020 -11.5% -9.08%
2019 -8.43% -3.04%
2018 -5.07% -2.47%
2017 -1.16% -3.1%
2016 0.72% -3.6%
2015 -5.06% -3.68%
2014 3.88% -5.62%
2013 6.07% -7.61%
2012 0.92% -8.2%
2011 -0.12% -8.99%
2010 -8.36% -9.08%
2009 -14.4% -9.69%
2008 -7.59% -4.11%
2007 5.92% -2.9%
2006 13.7% -3.03%
2005 10.7% -4.44%
2004 1.42% -5.31%
2003 -0.18% -7.43%
2002 -4.02% -7.34%
2001 -2.96% -6.2%
2000 8.95% -7.28%
1999 6.18% -6.75%
1998 - -10%
1997 - -3.53%
1996 - -4.87%
1995 - -4.3%
1994 - -3.76%
1993 - -2.39%
1992 - 0.57%
1991 - 1.67%
1990 - 1.96%
1989 - 1.23%
1988 - 0.49%
1987 - -0.36%
1986 - -1.36%
1985 - -1.37%
1984 - -2.62%
1983 - -3.95%
1982 - -3.81%
1981 - -3.85%
1980 - -4.66%
1979 - -5%
1978 - -5.79%
1977 - -4.02%
1976 - -3.89%
1975 - -2.92%
1974 - 0.38%
1973 - 0.56%
1972 - -0.13%
1971 - 1.21%
1970 - 1.74%
1969 - 1.26%
1968 - 0.88%
1967 - 0.8%
1966 - -0.34%
1965 - 0.48%
1964 - 0.85%
1963 - 1.08%
1962 - 1.49%
1961 - 2.58%
1960 - 1.85%
1959 - 0.97%
1958 - -0.1%
1957 - 1.27%
1956 - 1.39%
1955 - -0.67%
1954 - 0.7%
1953 - 1.65%
1952 - 2.22%
1951 - 5.06%
1950 - 6.99%
1949 - 12.5%
1948 - 7.53%
1947 - 6.09%
1946 - -
1945 - -
1944 - -
1943 - 0.32%
1942 - -0.13%
1941 - -0.19%
1940 - 0.31%
1939 - 0.11%
1938 - 0.45%
1937 - 0.71%
1936 - 0.34%
1935 - 0.26%
1934 - 0.34%
1933 - 0.28%
1932 - 0.31%
1931 - 0.23%
1930 - 0.19%
1929 - 0.5%
1928 - 0.42%
1927 - 0.58%
1926 - 0.65%
1925 - 0.75%
1924 - 0.84%
1923 - 0.87%
1922 - 0.89%
1921 - 1.43%
1920 - 1.19%
1919 - 1.21%
1918 - 1.58%
1917 - 1.54%
1916 - 1.37%
1915 - 1.41%
1914 - 1.31%
1913 - 1.21%
1912 - 1.27%
1911 - 1.21%
1910 - 1.57%
1909 - 1.51%
1908 - 1.63%
1907 - 1.77%
1906 - 0.46%
1905 - -0.68%
1904 - -0.81%
1903 - 0.19%
1902 - 0.44%
1901 - 0.21%
1900 - 0.53%
1899 - 0.2%
1898 - 0.6%
1897 - 0.33%
1896 - 0.88%
1895 - 0.28%
1894 - -0.24%
1893 - 0.6%
1892 - 0.63%
1891 - 0.61%
1890 - 0.74%
1889 - 0.18%
1888 - 0.13%
1887 - 0.11%
1886 - 0.03%
1885 - 0.01%
1884 - 0.001%
1883 - 0.03%
1882 - 0.001%
1881 - 0.001%
1880 - 0.004%
1879 - 0.02%
1878 - 0.02%
1877 - -0.29%
1876 - -0.42%
1875 - 0.005%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Botswana's government deficit, the difference between spending and revenue, was $1.52B, equivalent to 7.82% of GDP. This compares to Japan's deficit of $61.6B, or 1.53% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Japan ran a deficit in 26 years. On average, Botswana posted an annual deficit equal to 0.96% of GDP, compared to deficit of 5.5% of GDP for Japan.

Inflation comparison by year

Inflation
Botswana

Japan
1x
Year Consumer prices inflation
Botswana Japan
2024 2.82% 2.74%
2023 5.07% 3.27%
2022 11.7% 2.5%
2021 7.24% -0.23%
2020 1.89% -0.02%
2019 2.77% 0.47%
2018 3.24% 0.99%
2017 3.31% 0.48%
2016 2.81% -0.13%
2015 3.06% 0.8%
2014 4.4% 2.76%
2013 5.88% 0.34%
2012 7.54% -0.04%
2011 8.46% -0.27%
2010 6.95% -0.73%
2009 8.03% -1.35%
2008 12.7% 1.38%
2007 7.08% 0.06%
2006 11.6% 0.25%
2005 8.61% -0.28%
2004 6.95% -0.009%
2003 9.19% -0.26%
2002 8.03% -0.92%
2001 6.56% -0.74%
2000 8.6% -0.68%
1999 7.75% -0.34%
1998 6.66% 0.66%
1997 8.72% 1.75%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 0.44% in Japan. In 2024, inflation was 2.82% in Botswana and 2.74% in Japan.

Top exports between countries

Botswana
Export category Export value
Precious metals & jewellery $1.11M
Raw materials & minerals $81K
Metals $64K
Machinery & equipment $12K
Wood & paper products $2K
Miscellaneous $1K
Japan
Export category Export value
Machinery & equipment $11.8M
Miscellaneous $5.88M
Textiles & consumer goods $1.64M
Raw materials & minerals $203K
Precious metals & jewellery $129K
Wood & paper products $94K
Chemicals & pharma $5K
Metals $3K

Balance of trade

Botswana Japan
Current account balance
-$821M
2024
$194B
2024
Current account balance ranking
118/190
2024
3/190
2024
Current account balance, % of GDP
-4.23%
2024
+4.82%
2024
Goods imports
$6.86B
2024
$719B
2024
Goods exports
$4.66B
2024
$694B
2024
Service imports
$1.29B
2024
$246B
2024
Service exports
$935M
2024
$228B
2024
Imports of goods and services, % of GDP
43.7%
2024
23.6%
2024
Exports of goods and services, % of GDP
27.4%
2024
22.8%
2024

Economic freedom indices

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

Botswana Japan
Economic freedom 67.7 70.3
Economic freedom ranking 53/197 36/197
Property rights 71.7 94.2
Government integrity 59.6 81.1
Judicial effectiveness 70.2 97.9
Tax burden 87.1 63
Government spending 69.8 52
Fiscal health 72.4 41.7
Business freedom 61.5 77.8
Labor freedom 60.7 65.9
Monetary freedom 72 74.3
Trade freedom 77 76.2
Investment freedom 50 60
Financial freedom 60 60

Economic freedom comparison by year

Botswana
Japan
1x
Year Economic freedom index
Botswana Japan
2026 67.7 70.3
2025 69.9 70.2
2024 68 67.5
2023 64.9 69.3
2022 64.8 69.9
2021 67.6 74.1
2020 69.6 73.3
2019 69.5 72.1
2018 69.9 72.3
2017 70.1 69.6
2016 71.1 73.1
2015 69.8 73.3
2014 72 72.4
2013 70.6 71.8
2012 69.6 71.6
2011 68.8 72.8
2010 70.3 72.9
2009 69.7 72.8
2008 68.2 73
2007 68.1 72.7
2006 68.8 73.3
2005 69.3 67.3
2004 69.9 64.3
2003 68.6 67.6
2002 66.2 66.7
2001 66.8 70.9
2000 65.8 70.7
1999 62.9 69.1
1998 62.8 70.2
1997 59.1 70.3
1996 61.6 72.6
1995 56.8 75

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

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 70.3 for Japan, ranking 36/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Japan
Services, % of GDP
63.5%
2024
69.8%
2023
Industry, % of GDP
29.4%
2024
28.6%
2023
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
0.94%
2023
GNI, Atlas method
$19.5B
2024
$4.46T
2024
GNI per capita, PPP
$20,570
2024
$55,490
2024
Total reserves including gold
$3.46B
2024
$1.23T
2024
Total reserves ranking
113/177
2024
2/177
2024
Net foreign direct investment
-$464M
2024
$191B
2024
Net inflows of foreign direct investment
$467M
2024
$16.2B
2024
Net outflows of foreign direct investment
$3.02M
2024
$203B
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
n/a
Poverty at national poverty lines
16.1%
2015
16.1%
2020
Gross capital formation, % of GDP
36%
2024
26.2%
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/botswana/japan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.