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Economy of Brazil vs Qatar compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $219B for Qatar, ranking 10/197 and 56/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $90.2B (41.2% of GDP) in Qatar.

Brazil vs Qatar GDP by year

Brazil
Qatar
1x
Year GDP, current $
Brazil Qatar
2024 $2,185,821,648,944 $219,162,637,363
2023 $2,191,131,869,706 $217,308,516,484
2022 $1,951,923,832,084 $235,709,340,659
2021 $1,670,647,464,063 $179,732,142,857
2020 $1,476,107,292,152 $144,411,538,462
2019 $1,873,288,158,839 $176,371,428,571
2018 $1,916,933,708,353 $183,335,164,835
2017 $2,063,514,688,806 $161,099,175,824
2016 $1,795,693,265,999 $151,732,142,857
2015 $1,802,211,999,456 $161,739,835,165
2014 $2,456,043,766,032 $206,224,725,275
2013 $2,472,819,362,044 $198,727,747,253
2012 $2,465,228,293,707 $186,833,516,484
2011 $2,616,156,606,579 $167,775,274,725
2010 $2,208,838,108,484 $123,627,197,802
2009 $1,666,996,294,252 $97,798,351,648
2008 $1,695,855,391,758 $115,270,054,945
2007 $1,397,114,247,189 $79,712,087,912
2006 $1,107,626,711,163 $60,882,142,857
2005 $891,633,826,625 $44,530,494,505
2004 $669,289,321,945 $31,734,065,934
2003 $558,233,724,165 $23,533,791,209
2002 $509,795,270,685 $19,363,736,264
2001 $559,983,704,094 $17,538,461,538
2000 $655,448,188,259 $17,759,890,110
1999 $599,642,075,004 $12,393,131,868
1998 $863,711,007,325 $10,255,495,027
1997 $883,206,452,795 $11,297,802,115
1996 $850,426,433,004 $9,059,340,385
1995 $769,333,330,412 $8,137,911,978
1994 $525,369,851,354 $7,374,450,769
1993 $368,295,778,245 $7,156,593,654
1992 $328,187,960,872 $7,646,153,984
1991 $342,609,231,343 $6,883,516,484
1990 $390,725,626,003 $7,360,439,423
1989 $412,990,820,287 $6,487,912,088
1988 $307,881,930,752 $6,038,187,033
1987 $283,056,836,894 $5,446,428,681
1986 $256,480,852,471 $5,053,021,951
1985 $210,879,844,639 $6,153,296,456
1984 $188,339,974,087 $6,704,395,824
1983 $189,656,506,321 $6,467,582,308
1982 $271,314,113,768 $7,596,703,214
1981 $258,015,174,749 $8,661,263,764
1980 $237,393,489,893 $7,829,165,262
1979 $221,338,204,480 $5,632,962,997
1978 $200,278,646,124 $4,052,000,413
1977 $176,344,101,402 $3,617,564,638
1976 $153,168,949,208 $3,284,273,987
1975 $129,203,555,239 $2,512,773,166
1974 $109,794,519,728 $2,401,403,227
1973 $83,592,275,863 $793,885,560
1972 $58,434,858,375 $510,262,500
1971 $48,869,830,902 $387,703,106
1970 $42,327,664,794 $301,791,302
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Brazil vs Qatar by year

Brazil
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $76,689 $126,046
2023 $10,378 $21,176 $81,817 $129,368
2022 $9,281 $19,877 $88,701 $122,921
2021 $7,973 $18,076 $71,752 $116,833
2020 $7,074 $16,102 $51,684 $82,149
2019 $9,030 $16,070 $66,841 $107,503
2018 $9,301 $15,464 $71,040 $110,033
2017 $10,081 $14,559 $63,280 $99,358
2016 $8,836 $14,309 $61,254 $89,935
2015 $8,936 $14,821 $68,985 $102,546
2014 $12,275 $15,827 $95,841 $148,389
2013 $12,459 $15,722 $103,697 $169,203
2012 $12,522 $15,198 $108,470 $180,939
2011 $13,397 $15,212 $103,262 $174,620
2010 $11,403 $14,452 $76,463 $151,646
2009 $8,679 $13,391 $60,786 $125,898
2008 $8,908 $13,445 $80,781 $126,015
2007 $7,410 $12,673 $65,954 $124,056
2006 $5,934 $11,751 $62,582 $127,181
2005 $4,828 $11,081 $53,950 $115,250
2004 $3,664 $10,526 $41,036 $110,958
2003 $3,091 $9,802 $31,602 $94,120
2002 $2,856 $9,617 $27,227 $93,177
2001 $3,176 $9,304 $25,871 $89,805
2000 $3,767 $9,092 $27,535 $88,849
1999 $3,494 $8,635 $20,234 $84,690
1998 $5,106 $8,599 $17,665 $84,486
1997 $5,299 $8,602 $20,523 $79,219
1996 $5,179 $8,301 $17,125 $62,331
1995 $4,757 $8,097 $15,823 $60,321
1994 $3,299 $7,727 $14,765 $59,415
1993 $2,349 $7,260 $14,770 $59,125
1992 $2,127 $6,869 $16,280 $60,387
1991 $2,258 $6,867 $15,133 $54,759
1990 $2,620 $6,688 $16,722 $55,659
1989 $2,819 - $15,243 -
1988 $2,141 - $14,682 -
1987 $2,006 - $13,719 -
1986 $1,854 - $13,213 -
1985 $1,556 - $16,815 -
1984 $1,420 - $19,272 -
1983 $1,461 - $19,616 -
1982 $2,138 - $24,385 -
1981 $2,080 - $29,505 -
1980 $1,959 - $28,375 -
1979 $1,870 - $21,777 -
1978 $1,733 - $16,757 -
1977 $1,562 - $16,058 -
1976 $1,390 - $15,710 -
1975 $1,201 - $13,014 -
1974 $1,045 - $13,540 -
1973 $815 - $4,905 -
1972 $583 - $3,483 -
1971 $500 - $2,952 -
1970 $444 - $2,594 -
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/qatar | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $76,689 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Qatar ranks 5th at $126,046.

Economic indicators

Brazil Qatar
Gross domestic product
$2.19T
2024
$219B
2024
GDP rank
10/197
2024
56/197
2024
GDP growth
3.42%
2023-2024
2.36%
2023-2024
GDP per capita
$10,311
2024
$76,689
2024
GDP per capita rank
85/197
2024
11/197
2024
GDP per capita, PPP
$22,338
2024
$126,046
2024
GDP per capita PPP rank
88/197
2024
5/197
2024
Government debt
$1.91T
2024
$90.2B
2024
Debt-to-GDP ratio
87.3%
2024
41.2%
2024
Government debt per person
$8,999
2024
$31,579
2024
Government debt per person rank
60/185
2024
23/185
2024
Average annual personal income after taxes
$6,263
2026
$35,660
2026
Market capitalization of domestic companies
$659B
2024
$170M
2024
Number of millionaires
433,000
2025
26,163
2025
Number of billionaires
56
2025
2
2025
Income share by richest 10%
40.8%
2023
25.8%
2017
Income share by poorest 10%
1.3%
2023
2.6%
2017
Government expenditure, % of GDP
45.7%
2024
26%
2024
Consumer prices inflation
4.4%
2023-2024
1.27%
2023-2024
Central bank interest rate
15%
2025
4.1%
2025
Unemployment rate
6.8%
2024
0.13%
2022
Population
213824938
2999260

Spending and national debt comparison by year

Brazil
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Brazil Qatar
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 26% 41.2%
2023 45.3% 84% 27.3% 43.7%
2022 43.4% 83.9% 24.3% 42.6%
2021 40.4% 88.9% 29.4% 58.4%
2020 46.2% 96% 34.7% 72.6%
2019 43% 87.1% 32.5% 62.1%
2018 44.2% 84.8% 28.9% 52.2%
2017 44.3% 82.7% 34.7% 51.6%
2016 45.5% 77.4% 40.1% 46.7%
2015 46.2% 71.7% 38.6% 35.5%
2014 41.4% 61.6% 32.3% 24.9%
2013 39.8% 59.6% 28.3% 30.9%
2012 39.3% 61.6% 31% 32.1%
2011 39.4% 60.6% 28.5% 33.5%
2010 39.5% 62.4% 32% 30.4%
2009 40.5% 64.7% 36.4% 36%
2008 39.9% 61.4% 23.5% 11.4%
2007 40.4% 63% 29.5% 9.37%
2006 42.6% 64.6% 29.5% 13.9%
2005 41.9% 67% 29% 19.1%
2004 39.7% 68% 29.9% 30.1%
2003 41.3% 71.5% 28.5% 38.8%
2002 44.5% 76.1% 31.6% 47.7%
2001 39.8% 67.3% 32.1% 59.2%
2000 34.5% 62.2% 29.8% 51.6%
1999 39.6% 44.5% 42.4% 81.8%
1998 40.9% 38.9% 55.1% 76.6%
1997 38.6% 31.8% 47.6% 54.4%
1996 38.2% 30.7% 55.2% 57.8%
1995 - 28% 52.2% 50.2%
1994 - 30% 59.8% 54.8%
1993 - 32.6% 62.8% 46.3%
1992 - 37.1% 54.2% 19.9%
1991 - 38.1% 57.5% 21.8%
1990 - 40.6% 50% 12.6%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Qatar spent $56.9B, or 26% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 41.2% in Qatar, ranking 38/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Qatar
1x
Year Deficit/surplus, % of GDP
Brazil Qatar
2024 -6.19% 0.69%
2023 -7.71% 5.56%
2022 -3.96% 10.4%
2021 -2.63% 0.24%
2020 -11.6% -2.13%
2019 -4.86% 1%
2018 -6.99% 2.26%
2017 -7.97% -6.82%
2016 -7.99% -9.2%
2015 -9.28% 18.4%
2014 -6.27% 13.4%
2013 -3.42% 19.3%
2012 -2.35% 8.55%
2011 -2.74% 5.24%
2010 -3.55% 4.6%
2009 -4.23% 14.1%
2008 -2.39% 9.49%
2007 -2.66% 10.3%
2006 -4.87% 8.39%
2005 -3.36% 9.8%
2004 -2.95% 17.7%
2003 -5.4% 6.71%
2002 -4.15% 7.89%
2001 -3.47% 4.48%
2000 -3.32% 4.62%
1999 -5.17% -4.35%
1998 -7.22% -7%
1997 -5.6% -9.4%
1996 -5.35% -8.73%
1995 - -5.78%
1994 - -11.8%
1993 - -9.53%
1992 - -2.74%
1991 - -2.57%
1990 - 3.23%
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/qatar | 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 Qatar's surplus of $1.52B, or 0.69% of GDP.

Over the past 35 years, Brazil recorded a fiscal deficit in 29 of those years, while Qatar ran a deficit in 12 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to surplus of 3.04% of GDP for Qatar.

Inflation comparison by year

Inflation
Brazil

Qatar
1x
Year Consumer prices inflation
Brazil Qatar
2024 4.4% 1.27%
2023 4.6% 3.03%
2022 9.3% 5%
2021 8.3% 2.3%
2020 3.2% -2.54%
2019 3.7% -0.67%
2018 3.7% 0.26%
2017 3.4% 0.39%
2016 8.7% 2.68%
2015 9% 1.81%
2014 6.3% 3.35%
2013 6.2% 3.22%
2012 5.4% 2.32%
2011 6.6% 1.14%
2010 5% -2.43%
2009 4.9% -4.86%
2008 5.7% 15.1%
2007 3.6% 13.8%
2006 4.2% 11.8%
2005 6.9% 8.81%
2004 6.6% 6.8%
2003 14.7% 2.26%
2002 8.4% 0.24%
2001 6.8% 1.47%
2000 7% 1.65%
1999 4.9% 2.18%
1998 3.2% 2.95%
1997 6.9% 4.83%

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/qatar | CC BY

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 3.15% in Qatar. In 2024, inflation was 4.4% in Brazil and 1.27% in Qatar.

Top exports between countries

Brazil
Export category Export value
Animal & marine products $238M
Metals $138M
Raw materials & minerals $38.2M
Machinery & equipment $13.3M
Processed food, beverages & tobacco $11.1M
Wood & paper products $3.79M
Weapons & explosives $3.44M
Textiles & consumer goods $2.67M
Raw agricultural goods $1.81M
Chemicals & pharma $995K
Qatar
Export category Export value
Raw materials & minerals $62.8M
Metals $9.57M
Machinery & equipment $5.82M
Chemicals & pharma $769K
Animal & marine products $754K
Textiles & consumer goods $214K
Miscellaneous $110K
Precious metals & jewellery $66K
Wood & paper products $15K

Balance of trade

Brazil Qatar
Current account balance
-$66.2B
2024
$37.9B
2024
Current account balance ranking
188/190
2024
16/190
2024
Current account balance, % of GDP
-3.03%
2024
+17.3%
2024
Goods imports
$274B
2024
$32.6B
2024
Goods exports
$340B
2024
$95B
2024
Service imports
$103B
2024
$37.1B
2024
Service exports
$48.1B
2024
$30.2B
2024
Imports of goods and services, % of GDP
17.6%
2024
31.6%
2022
Exports of goods and services, % of GDP
17.9%
2024
68.6%
2022

Economic freedom indices

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

Brazil Qatar
Economic freedom 52.4 70.2
Economic freedom ranking 148/197 37/197
Property rights 49.2 66.2
Government integrity 37.2 53.5
Judicial effectiveness 55.6 41.5
Tax burden 70.6 99.9
Government spending 39.8 79.9
Fiscal health 28 96.6
Business freedom 65.7 68
Labor freedom 57 58.5
Monetary freedom 76 76
Trade freedom 69 81.8
Investment freedom 40 60
Financial freedom 40 60

Economic freedom comparison by year

Brazil
Qatar
1x
Year Economic freedom index
Brazil Qatar
2026 52.4 70.2
2025 55.1 70.2
2024 53.2 68.8
2023 53.5 68.6
2022 53.3 67.7
2021 53.4 72
2020 53.7 72.3
2019 51.9 72.6
2018 51.4 72.6
2017 52.9 73.1
2016 56.5 70.7
2015 56.6 70.8
2014 56.9 71.2
2013 57.7 71.3
2012 57.9 71.3
2011 56.3 70.5
2010 55.6 69
2009 56.7 65.8
2008 56.2 62.2
2007 56.2 62.9
2006 60.9 62.4
2005 61.7 63.5
2004 62 66.5
2003 63.4 65.9
2002 61.5 61.9
2001 61.9 60
2000 61.1 62
1999 61.3 62
1998 52.3 -
1997 52.6 -
1996 48.1 -
1995 51.4 -

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Qatar
Services, % of GDP
59.2%
2024
46.1%
2024
Industry, % of GDP
20.9%
2024
58.2%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
0.29%
2024
GNI, Atlas method
$2.11T
2024
$221B
2024
GNI per capita, PPP
$21,590
2024
$121,900
2024
Total reserves including gold
$330B
2024
$54B
2024
Total reserves ranking
11/177
2024
40/177
2024
Net foreign direct investment
-$47.8B
2024
$1.1B
2024
Net inflows of foreign direct investment
$74.1B
2024
$460M
2024
Net outflows of foreign direct investment
$26.3B
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
4.2%
2020
n/a
Gross capital formation, % of GDP
17%
2024
30.6%
2022

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/qatar | 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. 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)
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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.