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Economy of Brazil vs Cyprus compared: GDP & Debt

Updated on by Georank

Brazil has a GDP of $2.28T compared to $41.2B for Cyprus, ranking 11/197 and 103/197 by economy size, respectively.

Brazil has $2.13T in government debt (93.3% of GDP), compared to $22.8B (55.3% of GDP) in Cyprus.

Brazil vs Cyprus GDP by year

Brazil
Cyprus
1x
Year GDP, current $
Brazil Cyprus
2025 $2,279,920,092,492 $41,225,787,247
2024 $2,185,821,610,689 $37,634,551,821
2023 $2,191,131,765,685 $35,075,440,603
2022 $1,951,923,942,083 $31,218,047,044
2021 $1,670,647,398,905 $30,372,637,513
2020 $1,476,107,231,310 $25,555,082,267
2019 $1,873,288,205,060 $26,196,660,680
2018 $1,916,933,898,011 $25,754,011,492
2017 $2,063,514,977,366 $22,946,583,376
2016 $1,795,693,482,853 $21,046,452,117
2015 $1,802,212,206,815 $19,909,269,065
2014 $2,456,043,727,199 $23,225,912,183
2013 $2,472,819,535,557 $23,959,708,956
2012 $2,465,227,802,807 $25,047,433,100
2011 $2,616,156,223,918 $27,641,553,201
2010 $2,208,837,745,101 $25,799,940,416
2009 $1,666,996,438,581 $26,048,190,775
2008 $1,695,855,083,498 $27,958,384,913
2007 $1,397,114,486,369 $23,968,727,074
2006 $1,107,626,541,435 $20,072,754,987
2005 $891,633,839,894 $18,433,412,511
2004 $669,289,424,806 $17,320,551,250
2003 $558,233,745,652 $14,547,329,558
2002 $509,795,273,807 $11,420,228,846
2001 $559,983,634,799 $10,397,898,907
2000 $655,448,231,984 $9,985,847,314
1999 $599,642,024,320 $10,497,907,228
1998 $863,710,759,256 $10,248,618,778
1997 $883,206,179,730 $9,547,816,420
1996 $850,426,432,992 $10,011,914,680
1995 $769,333,050,987 $9,933,137,128
1994 $525,369,467,296 $7,425,703,929
1993 $368,292,034,381 $6,590,291,048
1992 $328,191,909,882 $6,912,150,456
1991 $342,534,090,909 $5,770,197,348
1990 $384,959,818,182 $5,591,130,218
1989 $412,990,820,287 $4,563,482,604
1988 $307,881,930,752 $4,278,792,597
1987 $283,056,836,894 $3,704,813,886
1986 $256,480,852,471 $3,090,734,463
1985 $210,879,844,639 $2,430,411,900
1984 $188,339,974,087 $2,278,248,953
1983 $189,656,506,321 $2,160,364,071
1982 $271,314,113,768 $2,159,242,417
1981 $258,015,174,749 $2,087,496,374
1980 $237,393,489,893 $2,154,311,277
1979 $221,338,204,480 $1,288,699,776
1978 $200,278,646,124 $964,024,364
1977 $176,344,101,402 $734,876,021
1976 $153,168,949,208 $576,090,074
1975 $129,203,555,239 $489,912,574
1974 $109,794,519,728 -
1973 $83,592,275,863 -
1972 $58,434,858,375 -
1971 $48,869,830,902 -
1970 $42,327,664,794 -
1969 $37,171,640,819 -
1968 $33,930,457,425 -
1967 $31,086,389,195 -
1966 $28,283,323,733 -
1965 $22,465,522,884 -
1964 $20,963,733,695 -
1963 $23,287,712,878 -
1962 $19,231,747,852 -
1961 $17,275,940,449 -
1960 $17,030,465,539 -

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

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

GDP per capita in Brazil vs Cyprus by year

Brazil
GDP per capita

GDP per capita, PPP
Cyprus
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Cyprus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,713 - $30,075 -
2024 $10,311 $22,338 $27,707 $63,007
2023 $10,378 $21,176 $26,079 $59,875
2022 $9,281 $19,877 $23,448 $55,876
2021 $7,973 $18,076 $23,057 $47,633
2020 $7,074 $16,102 $19,624 $42,569
2019 $9,030 $16,070 $20,360 $44,394
2018 $9,301 $15,464 $20,267 $40,262
2017 $10,081 $14,559 $18,295 $37,768
2016 $8,836 $14,309 $17,013 $35,247
2015 $8,936 $14,821 $16,326 $31,380
2014 $12,275 $15,827 $19,326 $29,893
2013 $12,459 $15,722 $20,238 $30,416
2012 $12,522 $15,198 $21,493 $31,924
2011 $13,397 $15,212 $24,110 $33,406
2010 $11,403 $14,452 $22,876 $33,502
2009 $8,679 $13,391 $23,480 $33,901
2008 $8,908 $13,445 $25,626 $34,830
2007 $7,410 $12,673 $22,344 $32,888
2006 $5,934 $11,751 $19,037 $30,009
2005 $4,828 $11,081 $17,790 $27,763
2004 $3,664 $10,526 $17,016 $25,942
2003 $3,091 $9,802 $14,553 $24,278
2002 $2,856 $9,617 $11,636 $23,556
2001 $3,176 $9,304 $10,785 $22,866
2000 $3,767 $9,092 $10,537 $21,296
1999 $3,494 $8,635 $11,273 $19,663
1998 $5,106 $8,599 $11,206 $18,760
1997 $5,299 $8,602 $10,637 $17,781
1996 $5,179 $8,301 $11,373 $17,320
1995 $4,757 $8,097 $11,514 $17,096
1994 $3,299 $7,727 $8,791 $15,735
1993 $2,349 $7,260 $7,978 $14,852
1992 $2,127 $6,869 $8,530 $14,759
1991 $2,258 $6,867 $7,222 $13,546
1990 $2,581 $6,688 $7,092 $13,348
1989 $2,819 - $5,870 -
1988 $2,141 - $5,584 -
1987 $2,006 - $4,908 -
1986 $1,854 - $4,159 -
1985 $1,556 - $3,324 -
1984 $1,420 - $3,167 -
1983 $1,461 - $3,055 -
1982 $2,138 - $3,100 -
1981 $2,080 - $3,030 -
1980 $1,959 - $3,154 -
1979 $1,870 - $1,902 -
1978 $1,733 - $1,434 -
1977 $1,562 - $1,102 -
1976 $1,390 - $870 -
1975 $1,201 - $743 -
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 (1960–2025, retrieved 2026-07-08).

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

Brazil's GDP per capita is $10,713, ranking 85/197, compared to $30,075 in Cyprus, ranking 45/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Cyprus ranks 29th at $63,007.

Economic indicators

Brazil Cyprus
Gross domestic product
$2.28T
2025
$41.2B
2025
GDP rank
11/197
2025
103/197
2025
GDP growth
2.29%
2024-2025
3.77%
2024-2025
GDP per capita
$10,713
2025
$30,075
2025
GDP per capita rank
85/197
2025
45/197
2025
GDP per capita, PPP
$22,338
2024
$63,007
2024
GDP per capita PPP rank
88/197
2024
29/197
2024
Government debt
$2.13T
2025
$22.8B
2025
Debt-to-GDP ratio
93.3%
2025
55.3%
2025
Government debt per person
$9,999
2025
$16,632
2025
Government debt per person rank
60/185
2025
40/185
2025
Average annual personal income after taxes
$6,555
2026
$24,626
2026
Market capitalization of domestic companies
$871B
2025
$27.9B
2025
Number of millionaires
386,000
2026
24,000
2026
Number of billionaires
70
2026
10
2026
Income share by richest 10%
39.3%
2024
26.3%
2023
Income share by poorest 10%
1.3%
2024
3.6%
2023
Government expenditure, % of GDP
47.4%
2025
40.4%
2025
Consumer prices inflation
5%
2024-2025
0.13%
2024-2025
Central bank interest rate
14.5%
2026
n/a
Unemployment rate
5.83%
2025
4.4%
2025
Population
213964342
1388591

Spending and national debt comparison by year

Brazil
Spending

Debt
Cyprus
Spending

Debt
1x
Year % of GDP
Brazil Cyprus
Government spending Government debt Government spending Government debt
2025 47.4% 93.3% 40.4% 55.3%
2024 45.5% 87% 38.3% 62.8%
2023 45.3% 84% 40.6% 71.1%
2022 43.4% 83.9% 37.7% 80.3%
2021 40.4% 88.9% 42.7% 96.5%
2020 46.2% 96% 45.9% 113.6%
2019 43% 87.1% 40.3% 92.3%
2018 44.2% 84.8% 44.3% 100.7%
2017 44.3% 82.7% 38.4% 96.4%
2016 45.5% 77.4% 39.6% 106.8%
2015 46.2% 71.7% 43% 111.6%
2014 41.4% 61.6% 52.1% 113%
2013 39.8% 59.6% 42.1% 102.7%
2012 39.3% 61.6% 41.9% 79.2%
2011 39.4% 60.6% 42.1% 64.8%
2010 39.5% 62.4% 41.7% 55.3%
2009 40.5% 64.7% 41.9% 52.8%
2008 39.9% 61.4% 38.2% 44.1%
2007 40.4% 63% 37.6% 53.1%
2006 42.6% 64.6% 39.1% 59%
2005 41.9% 67% 39.7% 64%
2004 39.7% 68% 38.6% 64.7%
2003 41.3% 71.5% 40.4% 63%
2002 44.5% 76.1% 37.4% 61%
2001 39.8% 67.3% 35.7% 57.5%
2000 34.5% 62.2% 35% 56%
1999 39.6% 44.5% 34.3% 55.7%
1998 40.9% 38.9% 34.4% 55%
1997 38.6% 31.8% 34.2% 53.5%
1996 38.2% 30.7% 32.4% 48.8%
1995 - 28% 30.4% 46.7%
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% - -
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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Brazil's government spending was $1.08T, accounting for 47.4% of its GDP, while Cyprus spent $16.7B, or 40.4% of GDP.

Debt-to-GDP ratio is 93.3% in Brazil and 55.3% in Cyprus, ranking 29/185 and 89/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Cyprus
1x
Year Deficit/surplus, % of GDP
Brazil Cyprus
2025 -8.07% 2.99%
2024 -6.17% 4.14%
2023 -7.71% 1.71%
2022 -3.96% 2.69%
2021 -2.63% -1.59%
2020 -11.6% -5.57%
2019 -4.86% 1.03%
2018 -6.99% -3.36%
2017 -7.97% 2.13%
2016 -7.99% 0.45%
2015 -9.28% -0.77%
2014 -6.27% -8.8%
2013 -3.42% -5.16%
2012 -2.35% -5.55%
2011 -2.74% -5.65%
2010 -3.55% -4.68%
2009 -4.23% -5.43%
2008 -2.39% 0.87%
2007 -2.66% 3.23%
2006 -4.87% -1.04%
2005 -3.36% -2.22%
2004 -2.95% -3.71%
2003 -5.4% -5.91%
2002 -4.15% -4.13%
2001 -3.47% -2.11%
2000 -3.32% -2.24%
1999 -5.17% -4.05%
1998 -7.22% -3.85%
1997 -5.6% -4.82%
1996 -5.35% -2.96%
1995 - -0.71%
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 (1995–2025, retrieved 2026-07-08).

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

In 2025, Brazil's government deficit, the difference between spending and revenue, was $184B, equivalent to 8.07% of GDP. This compares to Cyprus' surplus of $1.23B, or 2.99% of GDP.

Over the past 31 years, Brazil recorded a fiscal deficit in 30 of those years, while Cyprus ran a deficit in 22 years. On average, Brazil posted an annual deficit equal to 5.19% of GDP, compared to deficit of 2.1% of GDP for Cyprus.

Inflation comparison by year

Inflation
Brazil

Cyprus
1x
Year Consumer prices inflation
Brazil Cyprus
2025 5% 0.13%
2024 4.4% 1.8%
2023 4.6% 3.54%
2022 9.3% 8.4%
2021 8.3% 2.45%
2020 3.2% -0.64%
2019 3.7% 0.25%
2018 3.7% 1.44%
2017 3.4% 0.53%
2016 8.7% -1.43%
2015 9% -2.1%
2014 6.3% -1.35%
2013 6.2% -0.4%
2012 5.4% 2.39%
2011 6.6% 3.29%
2010 5% 2.43%
2009 4.9% 0.33%
2008 5.7% 4.67%
2007 3.6% 2.37%
2006 4.2% 2.3%
2005 6.9% 2.56%
2004 6.6% 2.29%
2003 14.7% 4.14%
2002 8.4% 2.8%
2001 6.8% 1.97%
2000 7% 4.14%
1999 4.9% 1.63%
1998 3.2% 2.23%
1997 6.9% 3.61%

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/brazil/cyprus | CC BY

Over the past 29 years, Brazil has recorded an average annual inflation rate of 6.09%, compared with 1.92% in Cyprus. In 2025, inflation was 5% in Brazil and 0.13% in Cyprus.

Top exports between countries

Brazil
Export category Export value
Raw materials & minerals $43.4M
Raw agricultural goods $7.97M
Processed food, beverages & tobacco $5.43M
Wood & paper products $5.24M
Animal & marine products $1.37M
Textiles & consumer goods $1.21M
Metals $867K
Chemicals & pharma $590K
Machinery & equipment $330K
Weapons & explosives $73K
Cyprus
Export category Export value
Transport & tourism services $3.06M
Chemicals & pharma $1.57M
Machinery & equipment $1.05M
Business & finance services $1.01M
Textiles & consumer goods $118K
Precious metals & jewellery $86K
Miscellaneous $36K
Processed food, beverages & tobacco $10K
Animal & marine products $4K
Metals $2K

Balance of trade

Brazil Cyprus
Current account balance
-$66.7B
2025
-$2.59B
2025
Current account balance ranking
188/190
2025
149/190
2025
Current account balance, % of GDP
-2.93%
2025
-6.29%
2025
Goods imports
$291B
2025
$12.6B
2025
Goods exports
$351B
2025
$4.62B
2025
Service imports
$105B
2025
$25.3B
2025
Service exports
$54.4B
2025
$35.7B
2025
Imports of goods and services, % of GDP
17.5%
2025
91.9%
2025
Exports of goods and services, % of GDP
17.8%
2025
97.6%
2025

Economic freedom indices

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

Brazil Cyprus
Economic freedom 52.4 74.1
Economic freedom ranking 148/197 21/197
Property rights 49.2 85.1
Government integrity 37.2 59.7
Judicial effectiveness 55.6 89.8
Tax burden 70.6 80.8
Government spending 39.8 52.1
Fiscal health 28 91.5
Business freedom 65.7 82.3
Labor freedom 57 60.3
Monetary freedom 76 78.7
Trade freedom 69 79.4
Investment freedom 40 70
Financial freedom 40 60

Economic freedom comparison by year

Brazil
Cyprus
1x
Year Economic freedom index
Brazil Cyprus
2026 52.4 74.1
2025 55.1 73.2
2024 53.2 72.2
2023 53.5 72.3
2022 53.3 72.9
2021 53.4 71.4
2020 53.7 70.1
2019 51.9 68.1
2018 51.4 67.8
2017 52.9 67.9
2016 56.5 68.7
2015 56.6 67.9
2014 56.9 67.6
2013 57.7 69
2012 57.9 71.8
2011 56.3 73.3
2010 55.6 70.9
2009 56.7 70.8
2008 56.2 71.3
2007 56.2 71.7
2006 60.9 71.8
2005 61.7 71.9
2004 62 74.1
2003 63.4 73.3
2002 61.5 73
2001 61.9 71
2000 61.1 67.2
1999 61.3 67.8
1998 52.3 68.2
1997 52.6 67.9
1996 48.1 67.7
1995 51.4 -

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 74.1 for Cyprus, ranking 21/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Cyprus
Services, % of GDP
59.7%
2025
76.8%
2025
Industry, % of GDP
20.1%
2025
11.1%
2025
Agriculture, forestry, and fishing, % of GDP
6.09%
2025
1.12%
2025
GNI, Atlas method
$2.25T
2025
$35.6B
2025
GNI per capita, PPP
$22,670
2025
$57,390
2025
Total reserves including gold
$359B
2025
$2.95B
2025
Total reserves ranking
13/177
2025
121/177
2025
Net foreign direct investment
-$47.5B
2025
-$9.59B
2025
Net inflows of foreign direct investment
$74.1B
2024
-$50.4B
2024
Net outflows of foreign direct investment
$26.3B
2024
-$55.9B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
4.2%
2020
13.9%
2021
Gross capital formation, % of GDP
17.1%
2025
19.3%
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/brazil/cyprus | 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 (1995–2025, 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.