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Economy of Bulgaria vs France compared: GDP & Debt

Updated on by Georank

Bulgaria has a GDP of $131B compared to $3.37T for France, ranking 63/197 and 7/197 by economy size, respectively.

Bulgaria has $35.4B in government debt (27.1% of GDP), compared to $3.9T (116% of GDP) in France.

Bulgaria vs France GDP by year

Bulgaria
France
1x
Year GDP, current $
Bulgaria France
2025 $130,777,235,530 $3,366,315,927,447
2024 $113,349,149,167 $3,160,442,622,465
2023 $102,204,457,335 $3,056,250,648,138
2022 $90,510,784,778 $2,794,788,137,067
2021 $84,378,926,047 $2,966,433,692,008
2020 $70,490,478,088 $2,647,926,055,110
2019 $68,511,235,459 $2,722,793,515,172
2018 $66,100,606,677 $2,781,576,320,884
2017 $59,170,671,046 $2,588,868,323,335
2016 $53,932,152,154 $2,470,407,619,777
2015 $50,768,512,173 $2,442,483,452,643
2014 $57,083,817,240 $2,861,236,112,552
2013 $55,822,115,861 $2,816,077,607,875
2012 $54,299,825,600 $2,683,007,095,787
2011 $57,684,243,980 $2,870,408,553,990
2010 $50,691,645,231 $2,646,230,027,988
2009 $52,026,461,290 $2,700,075,882,519
2008 $54,483,464,293 $2,926,802,941,586
2007 $44,433,521,725 $2,655,816,911,867
2006 $34,382,295,487 $2,317,861,544,691
2005 $29,870,182,425 $2,192,146,403,028
2004 $26,159,078,743 $2,109,792,297,237
2003 $21,146,038,619 $1,835,095,983,049
2002 $16,403,880,783 $1,492,427,756,382
2001 $14,184,170,319 $1,370,376,677,299
2000 $13,246,669,554 $1,360,959,069,477
1999 $13,637,793,854 $1,486,915,879,702
1998 $15,031,821,788 $1,496,906,382,032
1997 $11,316,706,412 $1,449,392,222,971
1996 $12,295,588,924 $1,598,889,216,566
1995 $18,992,388,645 $1,595,219,345,512
1994 $9,709,230,161 $1,385,822,778,828
1993 $10,832,041,595 $1,314,383,368,080
1992 $8,602,874,120 $1,389,663,073,110
1991 $7,628,764,750 $1,258,961,748,634
1990 $20,726,605,649 $1,257,649,439,827
1989 $21,746,286,447 $1,016,742,237,302
1988 $23,003,003,708 $1,010,827,662,152
1987 $28,428,718,531 $926,320,855,615
1986 $20,261,546,635 $764,946,585,851
1985 $17,562,270,447 $547,220,981,165
1984 $17,410,894,971 $525,033,325,828
1983 $16,959,180,922 $553,356,312,936
1982 $19,803,624,625 $578,152,310,610
1981 $20,055,685,481 $609,184,791,792
1980 $20,039,544,133 $694,529,183,483
1979 - $608,218,624,730
1978 - $501,724,418,605
1977 - $406,401,711,688
1976 - $368,363,152,144
1975 - $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

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

GeoRank.org/economy/bulgaria/france | CC BY

GDP per capita in Bulgaria vs France by year

Bulgaria
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $20,328 - $48,986 -
2024 $17,597 $41,969 $46,103 $62,557
2023 $15,854 $38,829 $44,700 $60,839
2022 $14,000 $36,320 $40,989 $57,043
2021 $12,967 $30,959 $43,725 $52,517
2020 $10,761 $27,352 $39,170 $49,482
2019 $10,354 $26,766 $40,408 $51,130
2018 $9,850 $23,998 $41,418 $46,381
2017 $8,697 $22,317 $38,687 $44,469
2016 $7,823 $20,746 $37,024 $42,880
2015 $7,269 $18,896 $36,702 $40,905
2014 $8,070 $17,991 $43,148 $40,218
2013 $7,796 $16,894 $42,669 $39,583
2012 $7,432 $16,327 $40,864 $37,671
2011 $7,850 $15,747 $43,930 $37,510
2010 $6,854 $14,954 $40,695 $35,908
2009 $6,989 $14,188 $41,728 $34,685
2008 $7,272 $14,347 $45,465 $35,053
2007 $5,889 $12,822 $41,486 $34,066
2006 $4,523 $11,406 $36,432 $32,424
2005 $3,900 $10,291 $34,696 $30,431
2004 $3,390 $9,200 $33,645 $28,921
2003 $2,720 $8,416 $29,480 $28,024
2002 $2,093 $7,786 $24,145 $28,350
2001 $1,771 $6,960 $22,332 $27,347
2000 $1,621 $6,424 $22,341 $26,007
1999 $1,661 $5,808 $24,576 $24,204
1998 $1,821 $6,178 $24,869 $23,263
1997 $1,361 $5,751 $24,169 $22,190
1996 $1,470 $6,849 $26,758 $21,268
1995 $2,259 $7,743 $26,792 $20,701
1994 $1,150 $7,338 $23,360 $19,892
1993 $1,279 $7,032 $22,239 $19,094
1992 $1,007 $6,917 $23,615 $18,801
1991 $884 $7,215 $21,501 $18,198
1990 $2,377 $7,548 $21,586 $17,475
1989 $2,450 - $17,547 -
1988 $2,561 - $17,550 -
1987 $3,169 - $16,176 -
1986 $2,262 - $13,430 -
1985 $1,960 - $9,657 -
1984 $1,943 - $9,312 -
1983 $1,897 - $9,862 -
1982 $2,221 - $10,360 -
1981 $2,256 - $10,956 -
1980 $2,261 - $12,565 -
1979 - - $11,063 -
1978 - - $9,167 -
1977 - - $7,459 -
1976 - - $6,792 -
1975 - - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

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

GeoRank.org/economy/bulgaria/france | CC BY

Bulgaria's GDP per capita is $20,328, ranking 58/197, compared to $48,986 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while France ranks 30th at $62,557.

Economic indicators

Bulgaria France
Gross domestic product
$131B
2025
$3.37T
2025
GDP rank
63/197
2025
7/197
2025
GDP growth
3.1%
2024-2025
0.84%
2024-2025
GDP per capita
$20,328
2025
$48,986
2025
GDP per capita rank
58/197
2025
27/197
2025
GDP per capita, PPP
$41,969
2024
$62,557
2024
GDP per capita PPP rank
54/197
2024
30/197
2024
Government debt
$35.4B
2025
$3.9T
2025
Debt-to-GDP ratio
27.1%
2025
116%
2025
Government debt per person
$5,507
2025
$56,819
2025
Government debt per person rank
79/185
2025
8/185
2025
Average annual personal income after taxes
$16,126
2026
$35,062
2026
Market capitalization of domestic companies
$11.2B
2025
$2.37T
2018
Number of millionaires n/a
2,388,000
2026
Number of billionaires
2
2026
51
2026
Income share by richest 10%
31.1%
2023
25%
2023
Income share by poorest 10%
2.1%
2023
3%
2023
Government expenditure, % of GDP
38.9%
2025
57.5%
2025
Consumer prices inflation
3.5%
2024-2025
0.94%
2024-2025
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
3.5%
2025
7.7%
2025
Population
6390149
68871753

Spending and national debt comparison by year

Bulgaria
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Bulgaria France
Government spending Government debt Government spending Government debt
2025 38.9% 27.1% 57.5% 116%
2024 36.3% 23.8% 57.3% 113.2%
2023 37.5% 22.9% 56.8% 109.6%
2022 37.6% 22.5% 58.4% 111.4%
2021 38.5% 23.9% 59.5% 112.8%
2020 37.7% 22.7% 61.7% 114.9%
2019 36.1% 18.4% 55.3% 98.2%
2018 34.4% 20.1% 56.4% 98.5%
2017 32% 22.9% 57.7% 98.8%
2016 32.7% 27% 57.4% 98.1%
2015 37.3% 25.4% 57.6% 97%
2014 37.1% 26.3% 58.4% 96.2%
2013 35.5% 17.2% 58.6% 94.6%
2012 32.5% 16.5% 57.9% 91.7%
2011 32% 14.3% 57% 88.7%
2010 34.6% 14.1% 57.7% 86.3%
2009 33.8% 14.5% 58% 84.1%
2008 33.5% 14.7% 54.3% 69.8%
2007 33.1% 17.6% 53.6% 65.5%
2006 32.5% 22.6% 53.7% 65.4%
2005 34% 28.5% 54.3% 68.2%
2004 34.6% 37.8% 54% 66.9%
2003 35.8% 45.4% 54.4% 65.4%
2002 35.1% 53.4% 53.9% 61.3%
2001 36.5% 67.1% 52.8% 59.3%
2000 37.1% 73.3% 52.6% 59.7%
1999 36.2% 78.7% 53.7% 61.4%
1998 30.6% 67.3% 54% 62.1%
1997 32.9% 88.4% 55.6% 62%
1996 44% 113.8% 56% 60.6%
1995 45.4% 72% 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

GeoRank.org/economy/bulgaria/france | CC BY

In 2025, Bulgaria's government spending was $50.8B, accounting for 38.9% of its GDP, while France spent $1.93T, or 57.5% of GDP.

Debt-to-GDP ratio is 27.1% in Bulgaria and 116% in France, ranking 164/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

France
1x
Year Deficit/surplus, % of GDP
Bulgaria France
2025 -3.01% -5.11%
2024 -3.01% -5.79%
2023 -3.04% -5.44%
2022 -0.8% -4.74%
2021 -2.8% -6.58%
2020 -2.92% -8.93%
2019 -0.96% -2.39%
2018 0.12% -2.32%
2017 0.82% -3.36%
2016 1.54% -3.76%
2015 -2.77% -3.89%
2014 -3.65% -4.57%
2013 -1.75% -4.94%
2012 -0.43% -5.17%
2011 -1.83% -5.3%
2010 -3.77% -7.16%
2009 -0.86% -7.38%
2008 2.73% -3.5%
2007 3.09% -2.99%
2006 3.22% -2.66%
2005 2.19% -3.5%
2004 1.59% -3.55%
2003 0.003% -4.09%
2002 -0.61% -3.18%
2001 -0.58% -1.42%
2000 -0.6% -1.32%
1999 0.15% -1.55%
1998 1.08% -2.39%
1997 0.83% -3.71%
1996 -10.1% -3.89%
1995 -7.98% -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 0% -
1943 0% -
1942 -0.3% -
1941 3.96% -
1940 0.75% -
1939 0.72% -
1938 1% -
1937 1.41% -6.89%
1936 1.17% -4.76%
1935 1.34% -4.22%
1934 -0.12% -4.31%
1933 -0.56% -4.96%
1932 -2.14% -1.86%
1931 -3.07% -2.06%
1930 -5.48% -1.65%
1929 -6.67% 1.48%
1928 -1.09% 1.13%
1927 -0.02% -0.04%
1926 -0.25% -0.02%
1925 -0.97% -0.87%
1924 1.26% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1997, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bulgaria/france | CC BY

In 2025, Bulgaria's government deficit, the difference between spending and revenue, was $3.94B, equivalent to 3.01% of GDP. This compares to France's deficit of $172B, or 5.11% of GDP.

Over the past 31 years, Bulgaria recorded a fiscal deficit in 19 of those years, while France ran a deficit in 31 years. On average, Bulgaria posted an annual deficit equal to 1.1% of GDP, compared to deficit of 4.18% of GDP for France.

Inflation comparison by year

Inflation
Bulgaria

France
1x
Year Consumer prices inflation
Bulgaria France
2025 3.5% 0.94%
2024 2.6% 2%
2023 8.6% 4.88%
2022 13% 5.22%
2021 2.8% 1.64%
2020 1.2% 0.48%
2019 2.5% 1.11%
2018 2.6% 1.85%
2017 1.2% 1.03%
2016 -1.3% 0.18%
2015 -1.1% 0.04%
2014 -1.6% 0.51%
2013 0.4% 0.86%
2012 2.4% 1.95%
2011 3.4% 2.11%
2010 3% 1.53%
2009 2.5% 0.09%
2008 12% 2.81%
2007 7.6% 1.49%
2006 7.4% 1.68%
2005 6% 1.75%
2004 6.1% 2.14%
2003 2.3% 2.1%
2002 5.8% 1.92%
2001 7.4% 1.63%
2000 10.3% 1.68%
1999 2.6% 0.54%
1998 18.7% 0.65%
1997 1,061% 1.2%

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/bulgaria/france | CC BY

Over the past 29 years, Bulgaria has recorded an average annual inflation rate of 41.1%, compared with 1.59% in France. In 2025, inflation was 3.5% in Bulgaria and 0.94% in France.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $501M
Textiles & consumer goods $355M
Transport & tourism services $218M
IT & IP services $174M
Chemicals & pharma $158M
Metals $152M
Raw agricultural goods $127M
Business & finance services $96.1M
Processed food, beverages & tobacco $84.6M
Manufacturing & construction services $71.5M
France
Export category Export value
Machinery & equipment $611M
Chemicals & pharma $364M
Processed food, beverages & tobacco $96.7M
Transport & tourism services $94.2M
Textiles & consumer goods $83.1M
Business & finance services $82.3M
IT & IP services $67.1M
Animal & marine products $66.2M
Metals $63.5M
Raw agricultural goods $48.2M

Balance of trade

Bulgaria France
Current account balance
-$7.64B
2025
-$9.24B
2025
Current account balance ranking
170/190
2025
173/190
2025
Current account balance, % of GDP
-5.84%
2025
-0.27%
2025
Goods imports
$58.5B
2025
$770B
2025
Goods exports
$47.9B
2025
$704B
2025
Service imports
$9.42B
2025
$370B
2025
Service exports
$18.6B
2025
$429B
2025
Imports of goods and services, % of GDP
51.8%
2025
33.8%
2025
Exports of goods and services, % of GDP
50.7%
2025
33.4%
2025

Economic freedom indices

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

Bulgaria France
Economic freedom 68.9 64.6
Economic freedom ranking 44/197 72/197
Property rights 75.8 91.2
Government integrity 48.4 73.4
Judicial effectiveness 58.5 84.7
Tax burden 89.1 54.6
Government spending 58.4 0.9
Fiscal health 90.4 34.8
Business freedom 78.2 78.4
Labor freedom 62.4 59.1
Monetary freedom 75.8 73.2
Trade freedom 79.4 79.4
Investment freedom 60 75
Financial freedom 50 70

Economic freedom comparison by year

Bulgaria
France
1x
Year Economic freedom index
Bulgaria France
2026 68.9 64.6
2025 68.8 64.4
2024 68.5 62.5
2023 69.3 63.6
2022 71 65.9
2021 70.4 65.7
2020 70.2 66
2019 69 63.8
2018 68.3 63.9
2017 67.9 63.3
2016 65.9 62.3
2015 66.8 62.5
2014 65.7 63.5
2013 65 64.1
2012 64.7 63.2
2011 64.9 64.6
2010 62.3 64.2
2009 64.6 63.3
2008 63.7 64.7
2007 62.7 62.1
2006 64.1 61.1
2005 62.3 60.5
2004 59.2 60.9
2003 57 59.2
2002 57.1 58
2001 51.9 58
2000 47.3 57.4
1999 46.2 59.1
1998 45.7 58.9
1997 47.6 59.1
1996 48.6 63.7
1995 50 64.4

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

GeoRank.org/economy/bulgaria/france | CC BY

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria France
Services, % of GDP
63.3%
2025
70.9%
2025
Industry, % of GDP
21.2%
2025
16.8%
2025
Agriculture, forestry, and fishing, % of GDP
2.47%
2025
1.4%
2025
GNI, Atlas method
$114B
2025
$3.34T
2025
GNI per capita, PPP
$42,170
2025
$65,110
2025
Total reserves including gold
$47.1B
2025
$428B
2025
Total reserves ranking
51/177
2025
12/177
2025
Net foreign direct investment
-$3.37B
2025
$7.24B
2025
Net inflows of foreign direct investment
$3.05B
2024
$52.1B
2024
Net outflows of foreign direct investment
$1.21B
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
n/a
Poverty at national poverty lines
21.7%
2023
15.6%
2021
Gross capital formation, % of GDP
21.7%
2025
21.9%
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/bulgaria/france | 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 (1880–1997, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.