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Economy of Cameroon vs Norway compared: GDP & Debt

Updated on by Georank

Cameroon has a GDP of $58.9B compared to $531B for Norway, ranking 92/197 and 32/197 by economy size, respectively.

Cameroon has $23.8B in government debt (40.4% of GDP), compared to $239B (45% of GDP) in Norway.

Cameroon vs Norway GDP by year

Cameroon
Norway
1x
Year GDP, current $
Cameroon Norway
2025 $58,933,453,924 $530,755,719,439
2024 $53,296,694,320 $500,886,328,034
2023 $48,814,501,547 $502,197,633,323
2022 $44,347,206,073 $617,321,834,099
2021 $45,011,937,347 $521,592,200,233
2020 $40,773,241,177 $382,252,517,922
2019 $39,667,757,528 $424,244,886,364
2018 $39,955,552,190 $454,588,871,811
2017 $36,098,547,033 $415,673,181,543
2016 $33,814,337,044 $383,284,047,619
2015 $32,210,233,020 $400,669,174,331
2014 $36,386,544,706 $515,829,568,897
2013 $33,728,621,180 $540,132,255,319
2012 $30,155,062,329 $525,082,939,407
2011 $30,630,910,495 $512,868,581,628
2010 $27,507,501,821 $440,132,138,425
2009 $27,932,970,317 $395,664,488,017
2008 $27,715,142,033 $472,060,283,688
2007 $23,928,250,433 $407,813,774,161
2006 $20,910,512,975 $349,773,283,645
2005 $19,509,852,207 $311,417,306,946
2004 $18,826,214,136 $265,662,977,688
2003 $15,970,315,035 $229,192,678,173
2002 $12,417,251,350 $195,359,978,957
2001 $10,953,485,349 $173,590,978,347
2000 $10,566,579,295 $170,620,327,660
1999 $11,565,826,465 $161,304,620,987
1998 $11,298,144,990 $152,955,958,172
1997 $10,789,458,433 $160,013,571,974
1996 $11,093,538,846 $162,427,517,132
1995 $10,864,772,471 $151,083,627,983
1994 $8,902,446,252 $126,324,387,894
1993 $16,181,814,713 $119,841,699,440
1992 $12,071,775,335 $129,998,873,602
1991 $11,840,192,296 $121,149,331,318
1990 $12,314,482,628 $119,344,377,526
1989 $11,012,566,195 $102,226,808,603
1988 $12,236,057,362 $101,497,621,605
1987 $13,049,659,981 $93,913,320,965
1986 $11,857,056,199 $78,438,205,742
1985 $8,544,810,498 $65,211,464,198
1984 $7,311,938,026 $61,866,078,539
1983 $6,870,200,010 $61,417,685,434
1982 $6,611,255,964 $62,453,362,256
1981 $6,610,938,617 $63,392,804,251
1980 $6,674,569,047 $64,176,789,764
1979 $5,919,002,983 $52,935,763,512
1978 $4,662,852,583 $46,355,988,784
1977 $3,394,664,024 $41,362,637,363
1976 $2,898,090,002 $35,815,449,464
1975 $2,857,037,371 $32,742,543,381
1974 $2,157,415,533 $27,033,413,362
1973 $1,901,393,361 $22,433,660,550
1972 $1,498,251,890 $17,283,931,878
1971 $1,236,941,394 $14,523,306,736
1970 $1,151,216,993 $12,753,503,479
1969 $1,100,551,489 $11,083,505,596
1968 $1,046,191,218 $10,178,705,992
1967 $936,175,260 $9,532,076,026
1966 $851,112,535 $8,712,528,095
1965 $814,083,266 $8,073,570,566
1964 $776,650,177 $7,172,430,304
1963 $718,320,845 $6,522,268,053
1962 $694,247,864 $6,078,186,245
1961 $652,777,608 $5,642,867,672
1960 $614,206,068 $5,172,811,442

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

GeoRank.org/economy/cameroon/norway | CC BY

GDP per capita in Cameroon vs Norway by year

Cameroon
GDP per capita

GDP per capita, PPP
Norway
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Norway
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,972 - $94,594 -
2024 $1,830 $5,589 $89,889 $102,038
2023 $1,720 $5,411 $90,984 $103,638
2022 $1,605 $5,189 $113,122 $125,490
2021 $1,672 $4,794 $96,443 $88,984
2020 $1,556 $4,365 $71,058 $67,111
2019 $1,555 $4,241 $79,329 $70,940
2018 $1,611 $4,011 $85,579 $70,254
2017 $1,496 $3,767 $78,771 $64,590
2016 $1,442 $3,627 $73,222 $59,280
2015 $1,415 $3,498 $77,221 $60,738
2014 $1,649 $3,422 $100,410 $66,332
2013 $1,576 $3,239 $106,333 $67,378
2012 $1,449 $3,060 $104,628 $65,774
2011 $1,514 $2,989 $103,545 $62,460
2010 $1,399 $2,914 $90,020 $58,213
2009 $1,461 $2,879 $81,940 $55,648
2008 $1,492 $2,870 $99,002 $62,073
2007 $1,326 $2,818 $86,600 $56,179
2006 $1,191 $2,704 $75,048 $54,358
2005 $1,143 $2,598 $67,358 $47,967
2004 $1,133 $2,533 $57,855 $42,667
2003 $988 $2,368 $50,208 $38,680
2002 $790 $2,263 $43,048 $38,056
2001 $715 $2,191 $38,458 $37,829
2000 $709 $2,108 $37,992 $36,994
1999 $796 $2,039 $36,151 $30,574
1998 $799 $1,975 $34,516 $28,200
1997 $783 $1,915 $36,324 $28,610
1996 $827 $1,850 $37,073 $26,826
1995 $832 $1,790 $34,659 $24,360
1994 $701 $1,752 $29,130 $23,027
1993 $1,310 $1,731 $27,793 $21,584
1992 $1,005 $1,890 $30,328 $20,623
1991 $1,015 $1,963 $28,427 $19,580
1990 $1,087 $2,032 $28,137 $18,461
1989 $1,001 - $24,185 -
1988 $1,145 - $24,112 -
1987 $1,258 - $22,430 -
1986 $1,179 - $18,822 -
1985 $875 - $15,704 -
1984 $772 - $14,943 -
1983 $746 - $14,877 -
1982 $732 - $15,178 -
1981 $750 - $15,463 -
1980 $784 - $15,708 -
1979 $718 - $12,998 -
1978 $582 - $11,421 -
1977 $435 - $10,230 -
1976 $381 - $8,896 -
1975 $386 - $8,171 -
1974 $299.9 - $6,783 -
1973 $271.8 - $5,664 -
1972 $220.1 - $4,395 -
1971 $186.7 - $3,721 -
1970 $178.5 - $3,291 -
1969 $175.2 - $2,881 -
1968 $170.8 - $2,667 -
1967 $156.6 - $2,519 -
1966 $145.8 - $2,321 -
1965 $142.7 - $2,168 -
1964 $139.2 - $1,941 -
1963 $131.6 - $1,779 -
1962 $130 - $1,670 -
1961 $124.6 - $1,563 -
1960 $119.1 - $1,444 -

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

GeoRank.org/economy/cameroon/norway | CC BY

Cameroon's GDP per capita is $1,972, ranking 159/197, compared to $94,594 in Norway, ranking 9/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Norway ranks 7th at $102,038.

Economic indicators

Cameroon Norway
Gross domestic product
$58.9B
2025
$531B
2025
GDP rank
92/197
2025
32/197
2025
GDP growth
3.2%
2024-2025
1.09%
2024-2025
GDP per capita
$1,972
2025
$94,594
2025
GDP per capita rank
159/197
2025
9/197
2025
GDP per capita, PPP
$5,589
2024
$102,038
2024
GDP per capita PPP rank
156/197
2024
7/197
2024
Government debt
$23.8B
2025
$239B
2025
Debt-to-GDP ratio
40.4%
2025
45%
2025
Government debt per person
$796
2025
$42,567
2025
Government debt per person rank
151/185
2025
15/185
2025
Average annual personal income after taxes
$1,941
2026
$50,036
2026
Market capitalization of domestic companies n/a
$296B
2019
Number of millionaires n/a
348,000
2025
Number of billionaires n/a
17
2026
Income share by richest 10%
31.1%
2021
21.6%
2023
Income share by poorest 10%
2.1%
2021
3.6%
2023
Government expenditure, % of GDP
16.3%
2025
49.6%
2025
Consumer prices inflation
3.4%
2024-2025
3.06%
2024-2025
Central bank interest rate n/a
4.25%
2026
Unemployment rate
3.28%
2021
4.5%
2025
Population
31045453
5660666

Spending and national debt comparison by year

Cameroon
Spending

Debt
Norway
Spending

Debt
1x
Year % of GDP
Cameroon Norway
Government spending Government debt Government spending Government debt
2025 16.3% 40.4% 49.6% 45%
2024 17.1% 43.4% 46.9% 52.8%
2023 17.3% 43.6% 44.2% 42.4%
2022 17.1% 45.6% 36.2% 34.8%
2021 17% 47.2% 44.7% 40.1%
2020 16.8% 44.9% 54.5% 44.3%
2019 19.1% 41.6% 48.4% 39%
2018 17.8% 38.3% 46.1% 38.1%
2017 18.2% 36.5% 47.6% 36.9%
2016 20.1% 32.1% 48.8% 36.7%
2015 17.9% 31.6% 46.7% 33.2%
2014 19.5% 20.7% 44% 28.8%
2013 19.2% 17.5% 42.3% 30.6%
2012 17% 14.9% 41.4% 30.2%
2011 17.1% 15.9% 42.3% 28.9%
2010 14.8% 14% 43.6% 42.1%
2009 14.7% 11.3% 44.7% 41.7%
2008 15.9% 11.2% 39.2% 46.8%
2007 13.5% 13.8% 40.5% 48.9%
2006 12% 18.4% 40.1% 52.2%
2005 11.4% 43.8% 41.6% 42.1%
2004 10.7% 51.7% 44.7% 43.8%
2003 10.6% 51.5% 47.7% 43.1%
2002 14% 56.6% 46.3% 34%
2001 14.4% 62.2% 43.4% 27.3%
2000 14.4% 75.9% 41.5% 28.8%
1999 - 68.4% 46.7% 25.1%
1998 - 67.8% 48.2% 23.8%
1997 - - 45.9% 26%
1996 - - 47.4% 28.6%
1995 - - 49.6% 32.9%
1994 - - 49.7% 51%
1993 - - 50.5% 54%
1992 - - 51.6% 45.3%
1991 - - 50.3% 39.5%
1990 - - 49.1% 29.1%
1989 - - 52.2% 30.4%
1988 - - 52.6% 30.5%
1987 - - 50.5% 31.3%
1986 - - 48.1% 37.8%
1985 - - 44% 30.2%
1984 - - 44.5% 27.8%
1983 - - 46.4% 27.4%
1982 - - 46.6% 29.7%
1981 - - 46.1% 32.9%
1980 - - 46.1% 36.8%
1979 - - 47.2% 39.6%
1978 - - 47.9% 49.9%
1977 - - 46.5% 43.8%
1976 - - 45.2% 38.5%
1975 - - 43.5% 36.7%
1974 - - 42.2% 35.4%
1973 - - 42.3% 37.7%
1972 - - 42.2% 38.9%
1971 - - 40.7% 38.5%
1970 - - 38.9% 38.6%
1969 - - 38% 22.3%
1968 - - 36.2% 22.5%
1967 - - 34.9% 22.6%
1966 - - 33.5% 22.4%
1965 - - 32.9% 23%
1964 - - 32% 24.2%
1963 - - 31.9% 25.3%
1962 - - 30.6% 26.7%
1961 - - 20.4% 27.7%
1960 - - 18% 29.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/cameroon/norway | CC BY

In 2025, Cameroon's government spending was $9.58B, accounting for 16.3% of its GDP, while Norway spent $263B, or 49.6% of GDP.

Debt-to-GDP ratio is 40.4% in Cameroon and 45% in Norway, ranking 133/185 and 117/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Norway
1x
Year Deficit/surplus, % of GDP
Cameroon Norway
2025 -2.01% 9.34%
2024 -1.51% 12.8%
2023 -0.64% 15.9%
2022 -1.11% 24.7%
2021 -2.88% 9.93%
2020 -3.52% -2.46%
2019 -3.65% 6.28%
2018 -2.3% 7.56%
2017 -3.68% 4.79%
2016 -5.79% 3.91%
2015 -2.86% 5.8%
2014 -3.36% 8.34%
2013 -3.54% 10.3%
2012 -1.22% 13.4%
2011 -1.55% 13%
2010 -0.57% 10.6%
2009 -0.05% 10%
2008 1.94% 18.3%
2007 3.66% 16.8%
2006 6.34% 17.7%
2005 3.43% 14.7%
2004 2.07% 10.8%
2003 3.51% 7.21%
2002 1.59% 9.05%
2001 1.2% 13.2%
2000 2.06% 15.1%
1999 - 5.75%
1998 - 3.09%
1997 - 7.41%
1996 - 6.05%
1995 - 2.98%
1994 - 0.04%
1993 - -1.65%
1992 - -2.08%
1991 - -0.12%
1990 - 1.96%
1989 - 1.81%
1988 - 2.65%
1987 - 4.56%
1986 - 5.87%
1985 - 9.84%
1984 - 6.97%
1983 - 6.03%
1982 - 3.96%
1981 - 4.82%
1980 - 5.38%
1979 - 2.16%
1978 - 0.94%
1977 - 1.01%
1976 - 2.2%
1975 - 2.88%
1974 - 4.06%
1973 - 4.99%
1972 - 3.93%
1971 - 3.71%
1970 - 2.83%
1969 - 3.57%
1968 - 3.38%
1967 - 4.19%
1966 - 3.59%
1965 - 2.78%
1964 - 3.08%
1963 - 2.6%
1962 - 4%
1961 - -0.7%
1960 - 1.42%
1959 - 1.89%
1958 - 1.7%
1957 - 1.55%
1956 - 1.22%
1955 - 0.82%
1954 - -0.54%
1953 - 1.3%
1952 - 2.15%
1951 - 1.59%
1950 - -0.89%
1949 - -0.72%
1948 - -0.35%
1947 - -4.66%
1946 - -3.82%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -0.54%
1938 - 0.03%
1937 - -0.16%
1936 - -0.7%
1935 - -1.1%
1934 - -0.59%
1933 - -1.29%
1932 - -1.14%
1931 - -1.15%
1930 - -0.46%
1929 - -0.83%
1928 - -0.81%
1927 - -0.76%
1926 - -1.59%
1925 - -1.92%
1924 - -2.96%
1923 - -3.58%
1922 - -4.28%
1921 - -5.47%
1920 - -1.15%
1919 - -2.11%
1918 - -1.17%
1917 - 0.2%
1916 - -0.36%
1915 - -2.04%
1914 - -1.09%
1913 - -0.9%
1912 - -0.89%
1911 - -0.05%
1910 - 0.3%
1909 - -0.52%
1908 - -0.06%
1907 - 0.16%
1906 - -0.59%
1905 - -0.52%
1904 - -0.75%
1903 - -1.12%
1902 - -1.52%
1901 - -1.41%
1900 - -1.99%
1899 - -1.35%
1898 - -1.39%
1897 - -0.63%
1896 - -1.57%
1895 - -1.66%
1894 - -1.13%
1893 - -1.25%
1892 - -0.94%
1891 - -0.44%
1890 - -0.2%
1889 - -0.07%
1888 - -0.23%
1887 - -0.17%
1886 - -0.2%
1885 - -0.005%
1884 - -0.08%
1883 - -0.17%
1882 - -0.62%
1881 - -1.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/cameroon/norway | CC BY

In 2025, Cameroon's government deficit, the difference between spending and revenue, was $1.18B, equivalent to 2.01% of GDP. This compares to Norway's surplus of $49.6B, or 9.34% of GDP.

Over the past 26 years, Cameroon recorded a fiscal deficit in 17 of those years, while Norway ran a deficit in 1 years. On average, Cameroon posted an annual deficit equal to 0.56% of GDP, compared to surplus of 11% of GDP for Norway.

Inflation comparison by year

Inflation
Cameroon

Norway
1x
Year Consumer prices inflation
Cameroon Norway
2025 3.4% 3.06%
2024 4.53% 3.15%
2023 7.38% 5.52%
2022 6.25% 5.76%
2021 2.27% 3.48%
2020 2.44% 1.29%
2019 2.45% 2.17%
2018 1.07% 2.76%
2017 0.64% 1.88%
2016 0.87% 3.55%
2015 2.68% 2.17%
2014 1.85% 2.04%
2013 2.05% 2.12%
2012 2.74% 0.7%
2011 2.94% 1.28%
2010 1.28% 2.42%
2009 3.04% 2.2%
2008 5.34% 3.75%
2007 0.92% 0.71%
2006 5.12% 2.33%
2005 2.01% 1.53%
2004 0.23% 0.45%
2003 0.62% 2.49%
2002 2.83% 1.29%
2001 4.42% 3%
2000 1.23% 3.09%
1999 1.87% 2.37%
1998 3.17% 2.25%
1997 4.79% 2.57%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/cameroon/norway | CC BY

Over the past 29 years, Cameroon has recorded an average annual inflation rate of 2.77%, compared with 2.46% in Norway. In 2025, inflation was 3.4% in Cameroon and 3.06% in Norway.

Top exports between countries

Cameroon
Export category Export value
Machinery & equipment $326K
Textiles & consumer goods $1K
Norway
Export category Export value
Raw materials & minerals $24.5M
Machinery & equipment $5.74M
Chemicals & pharma $5.14M
Animal & marine products $1.13M
Metals $1.07M
Miscellaneous $812K
Textiles & consumer goods $106K
Processed food, beverages & tobacco $7K
Wood & paper products $3K
Precious metals & jewellery $1K

Balance of trade

Cameroon Norway
Current account balance
-$1.75B
2024
$74.1B
2025
Current account balance ranking
134/190
2024
10/190
2025
Current account balance, % of GDP
-3.28%
2024
+14%
2025
Goods imports
$7.77B
2024
$105B
2025
Goods exports
$6.79B
2024
$177B
2025
Service imports
$2.4B
2024
$73.9B
2025
Service exports
$1.81B
2024
$63.5B
2025
Imports of goods and services, % of GDP
20.3%
2025
33.7%
2025
Exports of goods and services, % of GDP
13.1%
2025
45.4%
2025

Economic freedom indices

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

Cameroon Norway
Economic freedom 52 78.8
Economic freedom ranking 151/197 9/197
Property rights 28.1 99.6
Government integrity 21 94.3
Judicial effectiveness 10.1 96.4
Tax burden 72.2 63.3
Government spending 91.4 42
Fiscal health 94.5 96.4
Business freedom 48.6 91.2
Labor freedom 45.6 69.3
Monetary freedom 75.3 72.4
Trade freedom 57.2 85.6
Investment freedom 30 75
Financial freedom 50 60

Economic freedom comparison by year

Cameroon
Norway
1x
Year Economic freedom index
Cameroon Norway
2026 52 78.8
2025 52.1 78.3
2024 53.6 77.5
2023 51.9 76.9
2022 52.9 76.9
2021 53.4 73.4
2020 53.6 73.4
2019 52.4 73
2018 51.9 74.3
2017 51.8 74
2016 54.2 70.8
2015 51.9 71.8
2014 52.6 70.9
2013 52.3 70.5
2012 51.8 68.8
2011 51.8 70.3
2010 52.3 69.4
2009 53 70.2
2008 54.3 68.6
2007 55.6 67.9
2006 54.6 67.9
2005 53 64.5
2004 52.3 66.2
2003 52.7 67.2
2002 52.8 67.4
2001 53.3 67.1
2000 49.9 70.1
1999 50.3 68.6
1998 48 68
1997 44.6 65.1
1996 45.7 65.4
1995 51.3 -

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

GeoRank.org/economy/cameroon/norway | CC BY

The Economic Freedom Index for Cameroon is 52, ranking 151/197, compared to 78.8 for Norway, ranking 9/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cameroon Norway
Services, % of GDP
50.4%
2025
55%
2025
Industry, % of GDP
24.8%
2025
34.5%
2025
Agriculture, forestry, and fishing, % of GDP
16.8%
2025
1.64%
2025
GNI, Atlas method
$55.4B
2025
$546B
2025
GNI per capita, PPP
$5,700
2025
$107,770
2025
Total reserves including gold
$5.06B
2024
$85.5B
2025
Total reserves ranking
105/177
2024
34/177
2025
Net foreign direct investment
-$825M
2024
$8.93B
2025
Net inflows of foreign direct investment
$888M
2024
$12.1B
2024
Net outflows of foreign direct investment
$63.4M
2024
$5.62B
2024
Servicing debt to the IMF, % of GNI
3.21%
2024
n/a
Poverty at national poverty lines
37.7%
2021
12.2%
2021
Gross capital formation, % of GDP
19.3%
2025
23.2%
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/cameroon/norway | 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 (1881–1989, 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)
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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.