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Brazil economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Brazil ranked 10/197 by economy size with a GDP of $2.19T and 85/197 by GDP per capita at $10,311. Brazil has $1.91T in government debt, with a debt-to-GDP ratio of 87.3%.

In 2024, Brazil made up 1.97% of the world's economy, compared to 1.25% in 1960.

Brazil GDP & GDP growth by year

GDP, current $
Inflation-adjusted growth
1x
Year GDP GDP growth
2024 $2,185,821,648,944 3.42%
2023 $2,191,131,869,706 3.24%
2022 $1,951,923,832,084 3.02%
2021 $1,670,647,464,063 4.76%
2020 $1,476,107,292,152 -3.28%
2019 $1,873,288,158,839 1.22%
2018 $1,916,933,708,353 1.78%
2017 $2,063,514,688,806 1.32%
2016 $1,795,693,265,999 -3.28%
2015 $1,802,211,999,456 -3.55%
2014 $2,456,043,766,032 0.5%
2013 $2,472,819,362,044 3%
2012 $2,465,228,293,707 1.92%
2011 $2,616,156,606,579 3.97%
2010 $2,208,838,108,484 7.53%
2009 $1,666,996,294,252 -0.13%
2008 $1,695,855,391,758 5.09%
2007 $1,397,114,247,189 6.07%
2006 $1,107,626,711,163 3.96%
2005 $891,633,826,625 3.2%
2004 $669,289,321,945 5.76%
2003 $558,233,724,165 1.14%
2002 $509,795,270,685 3.05%
2001 $559,983,704,094 1.39%
2000 $655,448,188,259 4.39%
1999 $599,642,075,004 0.47%
1998 $863,711,007,325 0.34%
1997 $883,206,452,795 3.39%
1996 $850,426,433,004 2.21%
1995 $769,333,330,412 4.22%
1994 $525,369,851,354 5.85%
1993 $368,295,778,245 4.92%
1992 $328,187,960,872 -0.54%
1991 $342,609,231,343 1.03%
1990 $390,725,626,003 -4.35%
1989 $412,990,820,287 3.16%
1988 $307,881,930,752 -0.06%
1987 $283,056,836,894 3.53%
1986 $256,480,852,471 7.49%
1985 $210,879,844,639 7.85%
1984 $188,339,974,087 5.4%
1983 $189,656,506,321 -2.93%
1982 $271,314,113,768 0.83%
1981 $258,015,174,749 -4.25%
1980 $237,393,489,893 9.2%
1979 $221,338,204,480 6.76%
1978 $200,278,646,124 4.97%
1977 $176,344,101,402 4.93%
1976 $153,168,949,208 10.3%
1975 $129,203,555,239 5.17%
1974 $109,794,519,728 8.15%
1973 $83,592,275,863 14%
1972 $58,434,858,375 11.9%
1971 $48,869,830,902 11.3%
1970 $42,327,664,794 10.4%
1969 $37,171,640,819 9.5%
1968 $33,930,457,425 9.8%
1967 $31,086,389,195 4.2%
1966 $28,283,323,733 6.7%
1965 $22,465,522,884 2.4%
1964 $20,963,733,695 3.4%
1963 $23,287,712,878 0.6%
1962 $19,231,747,852 6.6%
1961 $17,275,940,449 8.6%
1960 $17,030,465,539 -

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

GeoRank.org/economy/brazil | CC BY

Brazil GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $10,311 $22,338
2023 $10,378 $21,176
2022 $9,281 $19,877
2021 $7,973 $18,076
2020 $7,074 $16,102
2019 $9,030 $16,070
2018 $9,301 $15,464
2017 $10,081 $14,559
2016 $8,836 $14,309
2015 $8,936 $14,821
2014 $12,275 $15,827
2013 $12,459 $15,722
2012 $12,522 $15,198
2011 $13,397 $15,212
2010 $11,403 $14,452
2009 $8,679 $13,391
2008 $8,908 $13,445
2007 $7,410 $12,673
2006 $5,934 $11,751
2005 $4,828 $11,081
2004 $3,664 $10,526
2003 $3,091 $9,802
2002 $2,856 $9,617
2001 $3,176 $9,304
2000 $3,767 $9,092
1999 $3,494 $8,635
1998 $5,106 $8,599
1997 $5,299 $8,602
1996 $5,179 $8,301
1995 $4,757 $8,097
1994 $3,299 $7,727
1993 $2,349 $7,260
1992 $2,127 $6,869
1991 $2,258 $6,867
1990 $2,620 $6,688
1989 $2,819 -
1988 $2,141 -
1987 $2,006 -
1986 $1,854 -
1985 $1,556 -
1984 $1,420 -
1983 $1,461 -
1982 $2,138 -
1981 $2,080 -
1980 $1,959 -
1979 $1,870 -
1978 $1,733 -
1977 $1,562 -
1976 $1,390 -
1975 $1,201 -
1974 $1,045 -
1973 $815 -
1972 $583 -
1971 $500 -
1970 $444 -
1969 $399 -
1968 $374 -
1967 $351 -
1966 $328 -
1965 $268 -
1964 $257.3 -
1963 $294.2 -
1962 $250.2 -
1961 $231.6 -
1960 $235.3 -

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

GeoRank.org/economy/brazil | CC BY

Brazil has a GDP per capita of $10,311, ranking 85/197, a GDP per capita based on purchasing power parity (PPP) of $22,338, ranking 88/197, and a median annual after tax income of $6,263, ranking 101/197.

Brazil GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 10 80 82
2023 9 82 84
2022 11 83 86
2021 12 84 83
2020 12 83 82
2019 9 80 88
2018 9 78 84
2017 8 70 87
2016 9 72 85
2015 9 74 82
2014 7 65 79
2013 7 66 76
2012 7 64 76
2011 7 60 74
2010 7 61 76
2009 8 65 79
2008 8 70 81
2007 10 69 79
2006 10 73 77
2005 12 78 74
2004 13 82 75
2003 14 82 73
2002 13 80 71
2001 12 77 71
2000 10 74 71
1999 11 72 67
1998 8 57 63
1997 8 55 60
1996 8 55 60
1995 7 55 59
1994 11 64 59
1993 13 75 60
1992 14 75 65
1991 11 74 67
1990 10 68 68
1989 10 54 -
1988 11 68 -
1987 9 67 -
1986 9 67 -
1985 10 72 -
1984 11 76 -
1983 10 77 -
1982 8 62 -
1981 9 64 -
1980 8 65 -
1979 8 59 -
1978 8 52 -
1977 8 51 -
1976 9 54 -
1975 9 54 -
1974 9 56 -
1973 10 56 -
1972 11 57 -
1971 10 57 -
1970 10 61 -
1969 10 51 -
1968 10 52 -
1967 11 51 -
1966 12 53 -
1965 15 66 -
1964 14 59 -
1963 10 51 -
1962 11 56 -
1961 13 59 -
1960 11 58 -

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

GeoRank.org/economy/brazil | CC BY

Compared with 2000, in 2024 Brazil is ranked 10th out of 182 by GDP (unchanged), 80th by GDP per capita (down from 74th), and 82nd by GDP per capita PPP (down from 71st).

Economic indicators

Brazil Rank
Gross domestic product
$2.19T
2024
10/197
GDP growth
3.42%
2023-2024
93/194
GDP per capita
$10,311
2024
85/197
GDP per capita, PPP
$22,338
2024
88/197
Government debt
$1.91T
2024
10/185
Debt-to-GDP ratio
87.3%
2024
38/185
Government debt per person
$8,999
2024
60/185
Average annual personal income after taxes
$6,263
2026
101/197
Listed domestic companies
331
2024
24/103
Market capitalization of domestic companies
$659B
2024
18/100
Number of millionaires
433,000
2025
18/35
Millionaire frequency
1 in 359
2025
30/35
Number of billionaires
56
2025
8/78
Billionaire frequency
1 in 2,775,571
2025
54/78
Income share by richest 10%
40.8%
2023
6/169
Income share by poorest 10%
1.3%
2023
162/169
Government expenditure, % of GDP
45.7%
2024
32/195
Consumer prices inflation
4.4%
2023-2024
67/195
Central bank interest rate
15%
2025
18/106
Unemployment rate
6.8%
2024
68/196
Population
213824938
7/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 45.7% 87.3% -6.19%
2023 45.3% 84% -7.71%
2022 43.4% 83.9% -3.96%
2021 40.4% 88.9% -2.63%
2020 46.2% 96% -11.6%
2019 43% 87.1% -4.86%
2018 44.2% 84.8% -6.99%
2017 44.3% 82.7% -7.97%
2016 45.5% 77.4% -7.99%
2015 46.2% 71.7% -9.28%
2014 41.4% 61.6% -6.27%
2013 39.8% 59.6% -3.42%
2012 39.3% 61.6% -2.35%
2011 39.4% 60.6% -2.74%
2010 39.5% 62.4% -3.55%
2009 40.5% 64.7% -4.23%
2008 39.9% 61.4% -2.39%
2007 40.4% 63% -2.66%
2006 42.6% 64.6% -4.87%
2005 41.9% 67% -3.36%
2004 39.7% 68% -2.95%
2003 41.3% 71.5% -5.4%
2002 44.5% 76.1% -4.15%
2001 39.8% 67.3% -3.47%
2000 34.5% 62.2% -3.32%
1999 39.6% 44.5% -5.17%
1998 40.9% 38.9% -7.22%
1997 38.6% 31.8% -5.6%
1996 38.2% 30.7% -5.35%
1995 - 28% -
1994 - 30% -
1993 - 32.6% -
1992 - 37.1% -
1991 - 38.1% -
1990 - 40.6% -
1989 - 40.2% -
1988 - 46.9% -
1987 - 50.3% -
1986 11.7% 49.4% -1.6%
1985 11.1% 52.6% -1.3%
1984 10% 55.8% -0.4%
1983 9.7% 51.5% 0.1%
1982 8.1% 32.8% 1.4%
1981 7.8% 34.6% 1%
1980 6.8% 39.7% 2.5%
1979 9% 36.6% 0.4%
1978 10.2% 37% -0.1%
1977 10.4% 31% 0.1%
1976 10.6% 31.8% 0.1%
1975 10.7% 27.7% 0%
1974 10.5% 25.7% 0.6%
1973 11% 22.4% 0.1%
1972 12.6% 22.5% -0.1%
1971 11.7% 17.9% -0.3%
1970 11.4% 17% -0.4%
1969 11.2% 16.5% -0.6%
1968 14.4% 15.8% -1.6%
1967 13.5% 13.8% -2.1%
1966 14.6% 19.6% -1.3%
1965 14% 17.6% -2%
1964 25.4% 22.2% -8.79%
1963 22.8% 20.4% -5.78%
1962 23.1% 23.7% -6.82%
1961 12% 25.7% -2.93%
1960 13.7% 22.3% -3.85%
1959 7.93% 24% -0.18%
1958 8.53% 30.6% -0.76%
1957 8.2% 22.1% -0.29%
1956 7.51% 34.6% -0.14%
1955 7.63% 17% -0.62%
1954 8.85% 14.7% -0.49%
1953 8.35% 14% -1.26%
1952 8.05% 5.54% 0.64%
1951 7.62% 6.87% 0.87%
1950 8.7% 8.97% -1.58%
1949 9.01% 9.85% -1.22%
1948 8.05% 10.7% 0.002%
1947 7.2% 13.9% 0.25%
1946 9.6% 18.8% -1.78%
1945 11.5% 26.5% -2.87%
1944 11.8% 29.1% -2.37%
1943 9.72% 37.5% -0.75%
1942 10.9% 42.4% -2.55%
1941 10.7% 50% -2.15%
1940 10.8% 56.7% -1.13%
1939 9.63% 55.7% -1.2%
1938 9.21% 60.2% -0.59%
1937 9.87% 61% -1.62%
1936 8.72% 71.9% -0.27%
1935 9.57% 85.3% -0.5%
1934 12.2% 81% -2.28%
1933 12.6% 93.7% -1.56%
1932 15.9% 73.8% -6.47%
1931 11.3% 75.6% -1.56%
1930 11.2% 59.2% -3.58%
1929 8.9% 46.2% -0.09%
1928 7.21% 40.1% 0.57%
1927 8.03% 52.1% 0.12%
1926 7.93% 45.6% -0.76%
1925 7.99% 39.4% -0.07%
1924 7.26% 48.1% -0.45%
1923 9.81% 56.5% -1.94%
1922 11.9% - -3.8%
1921 11.9% - -2.98%
1920 12.5% - -3.11%
1919 11.2% - -3.69%
1918 15.8% - -4.51%
1917 14.6% - -4.8%
1916 14.3% - -4.35%
1915 15.3% - -6.33%
1914 16.3% - -7.32%
1913 13.4% 37.7% -1.91%
1912 13.8% 34.2% -3.05%
1911 12.4% 35.8% -2.15%
1910 13% 39.9% -2.06%
1909 12.3% 42.9% -1.62%
1908 13.8% 47.8% -1.89%
1907 14.1% 45.7% 0.38%
1906 13.2% 50.3% 0.28%
1905 13.9% 60.7% 0.96%
1904 14.5% 59% -0.62%
1903 12.5% 66.7% 1.79%
1902 10.3% 62.8% 1.59%
1901 13.8% 66.7% -2.46%
1900 15.5% 54.9% -5.57%
1899 12.4% 62.5% -2.13%
1898 23.9% 60.6% -14%
1897 11.9% 68.7% -2.38%
1896 12.7% 72.2% -0.79%
1895 12.4% 75.4% -1.33%
1894 14.2% 63.6% -4.11%
1893 13% 64.4% -1.77%
1892 14.2% 86.8% -2.6%
1891 14.1% 69.2% 0.51%
1890 25.7% 101% -3.02%
1889 28.2% 105% -3.79%
1888 23% 103.4% 0.63%
1887 22.9% 107.3% -0.76%
1886 21.7% 99.4% -3.8%
1885 25.1% 107.6% -5.71%
1884 28.5% 120.7% -3.89%
1883 22.2% 93.8% -3.33%
1882 24.4% 107.9% -1.58%
1881 24% 105.3% -1.9%
1880 24.2% 99% -4.84%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil | CC BY

This chart shows Brazil's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 41 years, Brazil recorded a fiscal deficit in 33 of them, with an average annual deficit equal to 3.55% of GDP. In 2024, government spending reached $998B (45.7% of GDP), with a deficit of 6.19%.

The national debt reached $1.91T, ranking 10th out of 185 countries by total size, with a debt-to-GDP ratio of 87.3%, ranking 38th.

Inflation rate by year

1x
Year Inflation
2024 4.4%
2023 4.6%
2022 9.3%
2021 8.3%
2020 3.2%
2019 3.7%
2018 3.7%
2017 3.4%
2016 8.7%
2015 9%
2014 6.3%
2013 6.2%
2012 5.4%
2011 6.6%
2010 5%
2009 4.9%
2008 5.7%
2007 3.6%
2006 4.2%
2005 6.9%
2004 6.6%
2003 14.7%
2002 8.4%
2001 6.8%
2000 7%
1999 4.9%
1998 3.2%
1997 6.9%
1996 15.8%
1995 66%
1994 2,076%
1993 1,927%
1992 952%
1991 433%
1990 2,948%
1989 1,431%
1988 629%
1987 228.3%
1986 147.1%
1985 226%
1984 192.1%
1983 135%
1982 100.6%
1981 101.7%
1980 90.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1980–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil | CC BY

Over the past 20 years, Brazil has had an average annual inflation rate of 5.66%. In 2024, inflation was 4.4%. The bar chart above shows consumer price inflation by year.

Balance of trade

Brazil Rank
Current account balance
-$66.2B
2024
188/190
Current account balance, % of GDP
-3.03%
2024
119/190
Goods imports
$274B
2024
24/189
Goods exports
$340B
2024
23/189
Service imports
$103B
2024
23/189
Service exports
$48.1B
2024
34/189
Imports of goods and services, % of GDP
17.6%
2024
170/181
Exports of goods and services, % of GDP
17.9%
2024
153/193

Brazil top 10 trading partners

Brazil's biggest trading partner accounting for 26.7% of all exports and imports is China, with a trade balance between the two of +$30.7B: Brazil exports $94.4B worth of goods and services to China and imports $63.6B.

Below is the list of the top 10 trade partners of Brazil.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $158B 26.7% $94.4B $63.6B Raw materials & minerals Machinery & equipment
2 United States $82B 13.9% $40.6B $41.4B Raw materials & minerals Machinery & equipment
3 Argentina $27.4B 4.63% $13.8B $13.6B Machinery & equipment Machinery & equipment
4 Germany $19.6B 3.32% $5.85B $13.8B Raw agricultural goods Machinery & equipment
5 Netherlands $14B 2.37% $11.7B $2.31B Raw materials & minerals Raw materials & minerals
6 Spain $13.9B 2.36% $9.97B $3.98B Raw materials & minerals Chemicals & pharma
7 Mexico $13.6B 2.29% $7.8B $5.77B Machinery & equipment Machinery & equipment
8 Russia $12.4B 2.1% $1.45B $11B Raw agricultural goods Raw materials & minerals
9 India $12.1B 2.05% $5.27B $6.85B Processed food, beverages & tobacco Chemicals & pharma
10 Chile $11.6B 1.96% $6.66B $4.95B Raw materials & minerals Metals

Top 10 exports

Brazil Rank
Raw materials & minerals $101B 10/193
Raw agricultural goods $67.1B 2/193
Processed food, beverages & tobacco $44.2B 7/192
Machinery & equipment $36B 32/193
Animal & marine products $28.4B 3/192
Business & finance services $20.3B 23/188
Metals $17.6B 24/192
Wood & paper products $16.8B 7/192
Transport & tourism services $14.5B 42/188
Chemicals & pharma $10.6B 33/193

Top 10 imports

Brazil Rank
Machinery & equipment $108B 25/193
Raw materials & minerals $57.2B 17/193
Chemicals & pharma $48.8B 17/193
Transport & tourism services $34.7B 22/188
Business & finance services $22.7B 23/188
Metals $16.8B 26/193
IT & IP services $16B 16/182
Textiles & consumer goods $12.5B 30/193
Raw agricultural goods $6.47B 27/193
Processed food, beverages & tobacco $5.85B 37/193

Economic freedom indices

Brazil Rank
Economic freedom 52.4 148/197
Property rights 49.2 89/182
Government integrity 37.2 109/182
Judicial effectiveness 55.6 71/182
Tax burden 70.6 142/182
Government spending 39.8 151/180
Fiscal health 28 148/181
Business freedom 65.7 90/182
Labor freedom 57 77/182
Monetary freedom 76 69/180
Trade freedom 69 103/181
Investment freedom 40 131/181
Financial freedom 40 104/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 52.4 55.6 70.6 39.8 28
2025 55.1 54.2 74.8 44.3 49.6
2024 53.2 55 69.7 34.9 30.9
2023 53.5 39.1 70.9 55 2.7
2022 53.3 57.2 69.9 53.8 0.4
2021 53.4 45.5 70.1 56.5 5.3
2020 53.7 46.7 70.4 54.6 4.6
2019 51.9 51.7 70.5 55.2 5.9
2018 51.4 55.5 70.6 50.7 7.7
2017 52.9 49.7 70.1 53.1 22.8
2016 56.5 - 69.7 55.2 -
2015 56.6 - 68.4 50.9 -
2014 56.9 - 68.8 54.1 -
2013 57.7 - 70.3 54.8 -
2012 57.9 - 69.1 54.8 -
2011 56.3 - 69 49.6 -
2010 55.6 - 68.4 50.3 -
2009 56.7 - 65.8 50.3 -
2008 56.2 - 68.6 55.5 -
2007 56.2 - 68.6 55.5 -
2006 60.9 - 83.8 71.7 -
2005 61.7 - 86.2 69.9 -
2004 62 - 90.2 68.1 -
2003 63.4 - 90.2 82.7 -
2002 61.5 - 86.3 71.2 -
2001 61.9 - 87 71.2 -
2000 61.1 - 87.2 71.2 -
1999 61.3 - 88.7 79.2 -
1998 52.3 - 88.6 74.4 -
1997 52.6 - 88.3 80.8 -
1996 48.1 - 66.7 74.4 -
1995 51.4 - 76.7 74.4 -

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

GeoRank.org/economy/brazil | CC BY

Brazil is ranked 131/174 for economic freedom with a score of 52.4, compared to 69/162 and a score of 60.9 in 2006.

Other economic metrics

Brazil Rank
Services, % of GDP
59.2%
2024
78/191
Industry, % of GDP
20.9%
2024
124/194
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
103/193
GNI, Atlas method
$2.11T
2024
11/194
GNI per capita, PPP
$21,590
2024
85/191
Total reserves including gold
$330B
2024
11/177
Net foreign direct investment
-$47.8B
2024
188/189
Net inflows of foreign direct investment
$74.1B
2024
4/193
Net outflows of foreign direct investment
$26.3B
2024
19/193
Servicing debt to the IMF, % of GNI
5.4%
2024
48/121
Poverty at national poverty lines
4.2%
2020
170/176
Gross capital formation, % of GDP
17%
2024
145/178

Compare Brazil vs other countries

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/brazil | 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 (1880–2000, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. 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.