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Economy of Brazil vs El Salvador compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $35.4B for El Salvador, ranking 10/197 and 105/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $30.9B (87.5% of GDP) in El Salvador.

Brazil vs El Salvador GDP by year

Brazil
El Salvador
1x
Year GDP, current $
Brazil El Salvador
2024 $2,185,821,648,944 $35,364,960,000
2023 $2,191,131,869,706 $33,853,940,000
2022 $1,951,923,832,084 $31,870,120,000
2021 $1,670,647,464,063 $29,043,140,000
2020 $1,476,107,292,152 $24,921,190,000
2019 $1,873,288,158,839 $26,881,140,000
2018 $1,916,933,708,353 $26,020,850,000
2017 $2,063,514,688,806 $24,979,190,000
2016 $1,795,693,265,999 $24,191,430,000
2015 $1,802,211,999,456 $23,438,240,000
2014 $2,456,043,766,032 $22,593,470,000
2013 $2,472,819,362,044 $21,990,960,000
2012 $2,465,228,293,707 $21,386,150,000
2011 $2,616,156,606,579 $20,283,780,000
2010 $2,208,838,108,484 $18,447,920,000
2009 $1,666,996,294,252 $17,601,620,000
2008 $1,695,855,391,758 $17,986,890,000
2007 $1,397,114,247,189 $17,011,750,000
2006 $1,107,626,711,163 $15,999,890,000
2005 $891,633,826,625 $14,698,000,000
2004 $669,289,321,945 $13,724,810,900
2003 $558,233,724,165 $13,243,892,200
2002 $509,795,270,685 $12,664,190,300
2001 $559,983,704,094 $12,282,533,600
2000 $655,448,188,259 $11,784,927,700
1999 $599,642,075,004 $11,284,197,000
1998 $863,711,007,325 $10,936,669,900
1997 $883,206,452,795 $10,221,705,900
1996 $850,426,433,004 $9,586,327,800
1995 $769,333,330,412 $8,921,947,100
1994 $525,369,851,354 $7,679,384,000
1993 $368,295,778,245 $6,680,269,200
1992 $328,187,960,872 $5,813,399,300
1991 $342,609,231,343 $5,252,342,400
1990 $390,725,626,003 $4,817,542,204
1989 $412,990,820,287 $4,372,215,300
1988 $307,881,930,752 $4,189,880,000
1987 $283,056,836,894 $3,958,045,800
1986 $256,480,852,471 $3,771,663,200
1985 $210,879,844,639 $3,800,368,600
1984 $188,339,974,087 $3,661,683,400
1983 $189,656,506,321 $3,506,347,800
1982 $271,314,113,768 $3,399,189,100
1981 $258,015,174,749 $3,437,200,200
1980 $237,393,489,893 $3,573,959,900
1979 $221,338,204,480 $3,463,639,900
1978 $200,278,646,124 $3,127,960,000
1977 $176,344,101,402 $2,941,640,100
1976 $153,168,949,208 $2,328,280,100
1975 $129,203,555,239 $1,884,120,100
1974 $109,794,519,728 $1,665,880,000
1973 $83,592,275,863 $1,442,320,000
1972 $58,434,858,375 $1,263,720,000
1971 $48,869,830,902 $1,186,120,000
1970 $42,327,664,794 $1,132,920,000
1969 $37,171,640,819 $1,049,400,000
1968 $33,930,457,425 $1,009,760,100
1967 $31,086,389,195 $976,200,000
1966 $28,283,323,733 $929,520,000
1965 $22,465,522,884 $877,720,000
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/brazil/el-salvador | CC BY

GDP per capita in Brazil vs El Salvador by year

Brazil
GDP per capita

GDP per capita, PPP
El Salvador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil El Salvador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $5,580 $13,264
2023 $10,378 $21,176 $5,365 $12,680
2022 $9,281 $19,877 $5,075 $11,876
2021 $7,973 $18,076 $4,643 $10,810
2020 $7,074 $16,102 $3,997 $9,393
2019 $9,030 $16,070 $4,320 $9,757
2018 $9,301 $15,464 $4,184 $9,204
2017 $10,081 $14,559 $4,020 $8,965
2016 $8,836 $14,309 $3,901 $8,456
2015 $8,936 $14,821 $3,790 $7,934
2014 $12,275 $15,827 $3,666 $7,504
2013 $12,459 $15,722 $3,582 $7,093
2012 $12,522 $15,198 $3,498 $6,708
2011 $13,397 $15,212 $3,331 $6,594
2010 $11,403 $14,452 $3,040 $6,248
2009 $8,679 $13,391 $2,910 $6,063
2008 $8,908 $13,445 $2,983 $6,175
2007 $7,410 $12,673 $2,831 $5,949
2006 $5,934 $11,751 $2,666 $5,695
2005 $4,828 $11,081 $2,447 $5,292
2004 $3,664 $10,526 $2,286 $4,998
2003 $3,091 $9,802 $2,208 $4,829
2002 $2,856 $9,617 $2,115 $4,672
2001 $3,176 $9,304 $2,058 $4,543
2000 $3,767 $9,092 $1,983 $4,422
1999 $3,494 $8,635 $1,908 $4,298
1998 $5,106 $8,599 $1,860 $4,171
1997 $5,299 $8,602 $1,749 $4,043
1996 $5,179 $8,301 $1,651 $3,880
1995 $4,757 $8,097 $1,548 $3,808
1994 $3,299 $7,727 $1,344 $3,591
1993 $2,349 $7,260 $1,180 $3,390
1992 $2,127 $6,869 $1,041 $3,171
1991 $2,258 $6,867 $956 $2,945
1990 $2,620 $6,688 $892 $2,856
1989 $2,819 - $825 -
1988 $2,141 - $806 -
1987 $2,006 - $777 -
1986 $1,854 - $755 -
1985 $1,556 - $776 -
1984 $1,420 - $763 -
1983 $1,461 - $745 -
1982 $2,138 - $735 -
1981 $2,080 - $752 -
1980 $1,959 - $787 -
1979 $1,870 - $773 -
1978 $1,733 - $712 -
1977 $1,562 - $684 -
1976 $1,390 - $553 -
1975 $1,201 - $457 -
1974 $1,045 - $413 -
1973 $815 - $366 -
1972 $583 - $329 -
1971 $500 - $316 -
1970 $444 - $309 -
1969 $399 - $293.4 -
1968 $374 - $290.1 -
1967 $351 - $288.4 -
1966 $328 - $282.4 -
1965 $268 - $274.3 -
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/el-salvador | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $5,580 in El Salvador, ranking 116/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while El Salvador ranks 120th at $13,264.

Economic indicators

Brazil El Salvador
Gross domestic product
$2.19T
2024
$35.4B
2024
GDP rank
10/197
2024
105/197
2024
GDP growth
3.42%
2023-2024
2.6%
2023-2024
GDP per capita
$10,311
2024
$5,580
2024
GDP per capita rank
85/197
2024
116/197
2024
GDP per capita, PPP
$22,338
2024
$13,264
2024
GDP per capita PPP rank
88/197
2024
120/197
2024
Government debt
$1.91T
2024
$30.9B
2024
Debt-to-GDP ratio
87.3%
2024
87.5%
2024
Government debt per person
$8,999
2024
$4,883
2024
Government debt per person rank
60/185
2024
81/185
2024
Average annual personal income after taxes
$6,263
2026
$4,768
2026
Market capitalization of domestic companies
$659B
2024
n/a
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
29.7%
2023
Income share by poorest 10%
1.3%
2023
1.9%
2023
Government expenditure, % of GDP
45.7%
2024
31.4%
2024
Consumer prices inflation
4.4%
2023-2024
0.85%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
2.71%
2024
Population
213824938
6399793

Spending and national debt comparison by year

Brazil
Spending

Debt
El Salvador
Spending

Debt
1x
Year % of GDP
Brazil El Salvador
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 31.4% 87.5%
2023 45.3% 84% 30.5% 85.1%
2022 43.4% 83.9% 28.7% 83.7%
2021 40.4% 88.9% 31.1% 88%
2020 46.2% 96% 32.7% 95.4%
2019 43% 87.1% 27.8% 77.9%
2018 44.2% 84.8% 27.6% 77%
2017 44.3% 82.7% 28.1% 77.1%
2016 45.5% 77.4% 27.5% 75.2%
2015 46.2% 71.7% 27.1% 73.5%
2014 41.4% 61.6% 27.6% 71.8%
2013 39.8% 59.6% 28.5% 69.7%
2012 39.3% 61.6% 27.4% 70%
2011 39.4% 60.6% 25.3% 65.6%
2010 39.5% 62.4% 25.6% 66.8%
2009 40.5% 64.7% 26% 65.8%
2008 39.9% 61.4% 24.5% 54.2%
2007 40.4% 63% 22.8% 52.2%
2006 42.6% 64.6% 23.4% 52.6%
2005 41.9% 67% 22.4% 46.3%
2004 39.7% 68% 21.5% 46.8%
2003 41.3% 71.5% 22.6% 46%
2002 44.5% 76.1% 22.5% 43.8%
2001 39.8% 67.3% 21.7% 37.8%
2000 34.5% 62.2% 21% 29.6%
1999 39.6% 44.5% 19.7% 28%
1998 40.9% 38.9% 19.3% 25.7%
1997 38.6% 31.8% 18.6% 27.8%
1996 38.2% 30.7% 21% 28.5%
1995 - 28% 18.6% 28%
1994 - 30% 18.9% 30.5%
1993 - 32.6% 18.5% 31.9%
1992 - 37.1% 20.8% 36.4%
1991 - 38.1% 18.5% 43.3%
1990 - 40.6% 15.9% -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/brazil/el-salvador | CC BY

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while El Salvador spent $11.1B, or 31.4% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 87.5% in El Salvador, ranking 38/185 and 36/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

El Salvador
1x
Year Deficit/surplus, % of GDP
Brazil El Salvador
2024 -6.19% -4.55%
2023 -7.71% -4.69%
2022 -3.96% -2.68%
2021 -2.63% -5.53%
2020 -11.6% -8.18%
2019 -4.86% -3.07%
2018 -6.99% -2.71%
2017 -7.97% -2.53%
2016 -7.99% -3.1%
2015 -9.28% -3.63%
2014 -6.27% -4.02%
2013 -3.42% -4.46%
2012 -2.35% -3.81%
2011 -2.74% -4.47%
2010 -3.55% -4.97%
2009 -4.23% -6.65%
2008 -2.39% -3.8%
2007 -2.66% -2.32%
2006 -4.87% -3.42%
2005 -3.36% -3.47%
2004 -2.95% -2.76%
2003 -5.4% -4.23%
2002 -4.15% -5.5%
2001 -3.47% -4.95%
2000 -3.32% -3.45%
1999 -5.17% -3.08%
1998 -7.22% -2.94%
1997 -5.6% -1.97%
1996 -5.35% -2.7%
1995 - -0.18%
1994 - -0.94%
1993 - -1.42%
1992 - -4.29%
1991 - -2.3%
1990 - -0.61%
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/el-salvador | CC BY

In 2024, Brazil's government deficit, the difference between spending and revenue, was $135B, equivalent to 6.19% of GDP. This compares to El Salvador's deficit of $1.61B, or 4.55% of GDP.

Over the past 35 years, Brazil recorded a fiscal deficit in 29 of those years, while El Salvador ran a deficit in 35 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 3.52% of GDP for El Salvador.

Inflation comparison by year

Inflation
Brazil

El Salvador
1x
Year Consumer prices inflation
Brazil El Salvador
2024 4.4% 0.85%
2023 4.6% 4.05%
2022 9.3% 7.2%
2021 8.3% 3.47%
2020 3.2% -0.37%
2019 3.7% 0.08%
2018 3.7% 1.09%
2017 3.4% 1.01%
2016 8.7% 0.6%
2015 9% -0.73%
2014 6.3% 1.14%
2013 6.2% 0.76%
2012 5.4% 1.73%
2011 6.6% 5.13%
2010 5% 1.18%
2009 4.9% 1.06%
2008 5.7% 6.71%
2007 3.6% 4.58%
2006 4.2% 4.04%
2005 6.9% 4.69%
2004 6.6% 4.45%
2003 14.7% 2.12%
2002 8.4% 1.87%
2001 6.8% 3.75%
2000 7% 2.27%
1999 4.9% 0.51%
1998 3.2% 2.55%
1997 6.9% 4.49%

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/brazil/el-salvador | CC BY

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 2.51% in El Salvador. In 2024, inflation was 4.4% in Brazil and 0.85% in El Salvador.

Top exports between countries

Brazil
Export category Export value
Machinery & equipment $56.2M
Raw agricultural goods $41.6M
Wood & paper products $41.2M
Textiles & consumer goods $19.4M
Chemicals & pharma $13.2M
Processed food, beverages & tobacco $11.9M
Metals $8.58M
Raw materials & minerals $4.13M
Miscellaneous $538K
Precious metals & jewellery $426K
El Salvador
Export category Export value
Metals $2.67M
Textiles & consumer goods $2.63M
Chemicals & pharma $2.43M
Processed food, beverages & tobacco $1.11M
Wood & paper products $366K
Machinery & equipment $213K
Precious metals & jewellery $10K
Miscellaneous $2K

Balance of trade

Brazil El Salvador
Current account balance
-$66.2B
2024
-$633M
2024
Current account balance ranking
188/190
2024
110/190
2024
Current account balance, % of GDP
-3.03%
2024
-1.79%
2024
Goods imports
$274B
2024
$15.1B
2024
Goods exports
$340B
2024
$5.59B
2024
Service imports
$103B
2024
$3.26B
2024
Service exports
$48.1B
2024
$6B
2024
Imports of goods and services, % of GDP
17.6%
2024
51.9%
2024
Exports of goods and services, % of GDP
17.9%
2024
32.8%
2024

Economic freedom indices

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

Brazil El Salvador
Economic freedom 52.4 57.7
Economic freedom ranking 148/197 114/197
Property rights 49.2 42.7
Government integrity 37.2 31.5
Judicial effectiveness 55.6 15.3
Tax burden 70.6 76.8
Government spending 39.8 72.7
Fiscal health 28 59.4
Business freedom 65.7 65.7
Labor freedom 57 51.6
Monetary freedom 76 70.6
Trade freedom 69 76.4
Investment freedom 40 70
Financial freedom 40 60

Economic freedom comparison by year

Brazil
El Salvador
1x
Year Economic freedom index
Brazil El Salvador
2026 52.4 57.7
2025 55.1 56.6
2024 53.2 54.4
2023 53.5 56
2022 53.3 59.6
2021 53.4 61
2020 53.7 61.6
2019 51.9 61.8
2018 51.4 63.2
2017 52.9 64.1
2016 56.5 65.1
2015 56.6 65.7
2014 56.9 66.2
2013 57.7 66.7
2012 57.9 68.7
2011 56.3 68.8
2010 55.6 69.9
2009 56.7 69.8
2008 56.2 68.5
2007 56.2 68.9
2006 60.9 69.6
2005 61.7 71.5
2004 62 71.2
2003 63.4 71.5
2002 61.5 73
2001 61.9 73
2000 61.1 76.3
1999 61.3 75.1
1998 52.3 70.2
1997 52.6 70.5
1996 48.1 70.1
1995 51.4 69.1

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

GeoRank.org/economy/brazil/el-salvador | CC BY

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 57.7 for El Salvador, ranking 114/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil El Salvador
Services, % of GDP
59.2%
2024
61%
2024
Industry, % of GDP
20.9%
2024
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
4.38%
2024
GNI, Atlas method
$2.11T
2024
$32.5B
2024
GNI per capita, PPP
$21,590
2024
$12,420
2024
Total reserves including gold
$330B
2024
$3.7B
2024
Total reserves ranking
11/177
2024
110/177
2024
Net foreign direct investment
-$47.8B
2024
-$636M
2024
Net inflows of foreign direct investment
$74.1B
2024
$924M
2024
Net outflows of foreign direct investment
$26.3B
2024
$288M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
35%
2024
Poverty at national poverty lines
4.2%
2020
27.2%
2023
Gross capital formation, % of GDP
17%
2024
20.3%
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/brazil/el-salvador | 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)
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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.