Skip to content

Economy of Chad vs Greece compared: GDP & Debt

Updated on by Georank

Chad has a GDP of $21.5B compared to $281B for Greece, ranking 131/197 and 52/197 by economy size, respectively.

Chad has $6.53B in government debt (30.4% of GDP), compared to $409B (145.7% of GDP) in Greece.

Chad vs Greece GDP by year

Chad
Greece
1x
Year GDP, current $
Chad Greece
2025 $21,472,835,225 $280,635,521,324
2024 $19,906,706,690 $256,238,371,778
2023 $18,352,937,976 $242,946,187,738
2022 $17,828,508,290 $217,990,189,601
2021 $16,871,937,698 $218,303,801,895
2020 $14,932,897,821 $191,362,985,555
2019 $14,905,517,743 $207,305,649,887
2018 $15,327,000,249 $213,298,873,494
2017 $13,349,041,409 $200,381,103,984
2016 $13,026,289,836 $193,097,239,006
2015 $14,559,599,500 $194,567,373,678
2014 $18,144,336,904 $233,911,581,521
2013 $17,865,316,886 $236,556,279,641
2012 $17,892,228,570 $238,841,140,018
2011 $16,685,349,674 $283,228,079,776
2010 $14,058,506,664 $296,417,644,404
2009 $12,317,614,054 $326,829,054,686
2008 $13,385,593,990 $351,121,399,546
2007 $10,865,385,132 $314,226,996,944
2006 $9,709,626,596 $269,073,415,334
2005 $8,655,892,393 $242,315,668,619
2004 $4,422,855,661 $234,979,615,898
2003 $2,742,815,072 $196,930,509,813
2002 $1,997,005,709 $150,253,800,086
2001 $1,710,843,377 $132,050,474,720
2000 $1,388,506,772 $125,760,166,225
1999 $1,534,673,583 $137,131,371,955
1998 $1,744,794,531 $139,612,812,176
1997 $1,544,689,577 $138,766,067,640
1996 $1,607,345,356 $142,502,984,145
1995 $1,445,919,895 $134,974,613,914
1994 $1,179,837,963 $114,980,063,202
1993 $1,463,251,164 $107,295,704,518
1992 $1,881,847,670 $114,608,178,405
1991 $1,877,137,982 $103,680,863,713
1990 $1,738,605,558 $96,529,587,274
1989 $1,433,686,312 $78,067,933,277
1988 $1,482,597,298 $75,200,610,137
1987 $1,163,426,852 $64,739,630,096
1986 $1,067,828,246 $55,595,445,472
1985 $1,033,069,709 $47,155,741,426
1984 $919,103,735 $47,352,146,312
1983 $832,415,806 $48,741,397,059
1982 $834,369,860 $53,858,346,939
1981 $876,937,558 $51,618,456,335
1980 $1,033,002,404 $56,039,256,595
1979 $1,004,316,496 $53,724,121,435
1978 $1,113,920,124 $43,654,480,519
1977 $935,360,465 $35,673,080,481
1976 $866,044,962 $30,719,552,239
1975 $864,602,105 $28,129,128,587
1974 $652,532,795 $24,998,715,909
1973 $647,199,483 $22,037,019,563
1972 $585,427,547 $16,650,659,091
1971 $501,866,730 $14,388,806,818
1970 $469,266,737 $12,957,113,636
1969 $471,635,622 $11,454,106,327
1968 $453,980,096 $9,950,331,206
1967 $449,826,323 $9,146,592,856
1966 $432,794,922 $8,472,021,467
1965 $416,926,303 $7,582,209,670
1964 $392,247,518 $6,576,906,345
1963 $371,767,002 $5,813,285,627
1962 $357,635,713 $5,140,542,929
1961 $333,975,336 $4,892,397,431
1960 $313,582,728 $4,274,890,307

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

GeoRank.org/economy/chad/greece | CC BY

GDP per capita in Chad vs Greece by year

Chad
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,022 - $26,948 -
2024 $981 $2,743 $24,626 $44,327
2023 $950 $2,700 $23,344 $42,711
2022 $966 $2,624 $20,885 $39,612
2021 $946 $2,435 $20,653 $33,531
2020 $867 $2,186 $17,887 $29,533
2019 $893 $2,352 $19,335 $31,927
2018 $949 $2,228 $19,873 $29,792
2017 $854 $2,097 $18,632 $28,682
2016 $862 $2,120 $17,919 $27,505
2015 $994 $2,378 $17,981 $26,608
2014 $1,279 $2,133 $21,475 $26,450
2013 $1,305 $2,110 $21,573 $25,731
2012 $1,354 $2,435 $21,624 $24,583
2011 $1,308 $2,388 $25,505 $25,693
2010 $1,142 $2,320 $26,653 $27,839
2009 $1,036 $2,087 $29,425 $29,963
2008 $1,166 $2,181 $31,696 $30,441
2007 $980 $2,149 $28,441 $28,896
2006 $907 $2,079 $24,416 $28,076
2005 $838 $2,102 $22,054 $25,004
2004 $446 $1,808 $21,449 $24,826
2003 $289.1 $1,378 $18,021 $23,253
2002 $219.1 $1,226 $13,782 $21,985
2001 $194.3 $1,152 $12,157 $20,304
2000 $163.1 $1,044 $11,638 $18,820
1999 $186.6 $1,066 $12,743 $17,758
1998 $219.8 $1,096 $13,023 $17,434
1997 $201.4 $1,049 $13,016 $16,630
1996 $216.9 $1,010 $13,433 $15,778
1995 $204 $1,014 $12,779 $15,218
1994 $173.9 $1,026 $10,937 $14,667
1993 $220.7 $933 $10,257 $14,150
1992 $290.6 $1,107 $11,021 $14,130
1991 $302 $1,046 $10,047 $13,824
1990 $290.6 $967 $9,467 $13,126
1989 $246.4 - $7,738 -
1988 $263.5 - $7,492 -
1987 $213.9 - $6,474 -
1986 $203.4 - $5,578 -
1985 $202.7 - $4,747 -
1984 $182.2 - $4,785 -
1983 $167.2 - $4,950 -
1982 $176.1 - $5,502 -
1981 $194 - $5,305 -
1980 $228.8 - $5,812 -
1979 $222.9 - $5,627 -
1978 $252.5 - $4,629 -
1977 $215.9 - $3,832 -
1976 $203.7 - $3,343 -
1975 $207.5 - $3,109 -
1974 $160 - $2,789 -
1973 $162.4 - $2,468 -
1972 $150.4 - $1,873 -
1971 $131.8 - $1,629 -
1970 $125.9 - $1,474 -
1969 $129.2 - $1,306 -
1968 $126.9 - $1,138 -
1967 $128.2 - $1,053 -
1966 $125.8 - $984 -
1965 $123.6 - $887 -
1964 $118.6 - $773 -
1963 $114.7 - $686 -
1962 $112.6 - $608 -
1961 $107.3 - $583 -
1960 $102.8 - $513 -

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

GeoRank.org/economy/chad/greece | CC BY

Chad's GDP per capita is $1,022, ranking 181/197, compared to $26,948 in Greece, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while Greece ranks 52nd at $44,327.

Economic indicators

Chad Greece
Gross domestic product
$21.5B
2025
$281B
2025
GDP rank
131/197
2025
52/197
2025
GDP growth
5.59%
2024-2025
2.07%
2024-2025
GDP per capita
$1,022
2025
$26,948
2025
GDP per capita rank
181/197
2025
50/197
2025
GDP per capita, PPP
$2,743
2024
$44,327
2024
GDP per capita PPP rank
182/197
2024
52/197
2024
Government debt
$6.53B
2025
$409B
2025
Debt-to-GDP ratio
30.4%
2025
145.7%
2025
Government debt per person
$311
2025
$39,257
2025
Government debt per person rank
178/185
2025
19/185
2025
Average annual personal income after taxes
$1,529
2026
$14,117
2026
Market capitalization of domestic companies n/a
$129B
2025
Number of millionaires n/a
82,000
2026
Number of billionaires n/a
16
2026
Income share by richest 10%
29.5%
2022
26%
2023
Income share by poorest 10%
2.8%
2022
2.7%
2023
Government expenditure, % of GDP
18.6%
2025
49.7%
2025
Consumer prices inflation
-2.6%
2024-2025
2.48%
2024-2025
Unemployment rate
3.11%
2022
8.84%
2025
Population
21855137
10371575

Spending and national debt comparison by year

Chad
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Chad Greece
Government spending Government debt Government spending Government debt
2025 18.6% 30.4% 49.7% 145.7%
2024 18.1% 31.4% 48.2% 155.4%
2023 17.1% 32.2% 49.6% 165.5%
2022 12.6% 32.1% 53.1% 179.2%
2021 13% 41.7% 56.7% 197.8%
2020 14.1% 41.6% 59.3% 209.9%
2019 10.6% 38.4% 47.6% 183.7%
2018 9.73% 33.8% 48.6% 189.6%
2017 11.3% 39.1% 48.5% 182.6%
2016 11.2% 40.2% 50.3% 183.7%
2015 13.8% 31.3% 51.9% 180%
2014 16.9% 29.4% 51.5% 182.8%
2013 16.6% 22.3% 53% 180.5%
2012 16.6% 20% 54.9% 164.3%
2011 16.3% 22.3% 55.1% 175.1%
2010 18.5% 22.9% 53.1% 147.8%
2009 19.8% 23.9% 54.8% 128.5%
2008 14.6% 15.7% 51.5% 110.9%
2007 13.6% 17.6% 47.8% 104.6%
2006 10.7% 20.1% 45.9% 105.3%
2005 8.87% 22% 46.6% 109.9%
2004 9.84% 25.2% 48.8% 105.5%
2003 14.9% 34.4% 47.9% 104.3%
2002 13.8% 42% 47.1% 107.9%
2001 12% 43.5% 47.5% 110.5%
2000 14% 52.4% 48.2% 108.9%
1999 12.9% 44.7% 48% 102.8%
1998 10.1% 34.7% 46.7% 100.8%
1997 12% 41.3% 45.1% 102.6%
1996 12% 40.5% 46.1% 103.7%
1995 12.3% 41.1% 46.6% 100.4%
1994 - - 36.9% 99.7%
1993 - - 38.6% 101.7%
1992 - - 36.9% 81.1%
1991 - - 35.2% 75.7%
1990 - - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

GeoRank.org/economy/chad/greece | CC BY

In 2025, Chad's government spending was $3.99B, accounting for 18.6% of its GDP, while Greece spent $139B, or 49.7% of GDP.

Debt-to-GDP ratio is 30.4% in Chad and 145.7% in Greece, ranking 152/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Greece
1x
Year Deficit/surplus, % of GDP
Chad Greece
2025 -1.26% 1.26%
2024 -2.03% 1.23%
2023 -1.26% -1.44%
2022 3.79% -2.57%
2021 -1.29% -7.76%
2020 1.24% -10.4%
2019 -0.11% -0.09%
2018 1.39% 0.78%
2017 -0.18% 1.05%
2016 -1.51% 0.28%
2015 -3.29% -3.03%
2014 -3.22% -4.29%
2013 -1.5% -4.06%
2012 0.33% -6.94%
2011 1.75% -10.5%
2010 -3.16% -11.4%
2009 -8.44% -15.4%
2008 2.82% -10.3%
2007 2.02% -6.81%
2006 1.7% -6.04%
2005 -0.05% -6.33%
2004 -1.84% -9.05%
2003 -4.32% -8.05%
2002 -4.08% -6.2%
2001 -3.53% -5.64%
2000 -4.68% -4.21%
1999 -4.07% -6.02%
1998 -1.73% -6.48%
1997 -2.58% -6.25%
1996 -2.86% -8.35%
1995 -3.12% -9.87%
1994 - -8.48%
1993 - -11.5%
1992 - -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/chad/greece | CC BY

In 2025, Chad's government deficit, the difference between spending and revenue, was $271M, equivalent to 1.26% of GDP. This compares to Greece's surplus of $3.53B, or 1.26% of GDP.

Over the past 31 years, Chad recorded a fiscal deficit in 23 of those years, while Greece ran a deficit in 26 years. On average, Chad posted an annual deficit equal to 1.45% of GDP, compared to deficit of 5.58% of GDP for Greece.

Inflation comparison by year

Inflation
Chad

Greece
1x
Year Consumer prices inflation
Chad Greece
2025 -2.6% 2.48%
2024 5.7% 2.74%
2023 4.1% 3.46%
2022 5.8% 9.65%
2021 -0.8% 1.22%
2020 -2.7% -1.25%
2019 -1% 0.25%
2018 4% 0.63%
2017 -0.9% 1.12%
2016 -1.6% -0.83%
2015 4.8% -1.74%
2014 -5.5% -1.31%
2013 0.2% -0.92%
2012 7.5% 1.5%
2011 2% 3.33%
2010 -2.1% 4.71%
2009 10.1% 1.21%
2008 8.3% 4.15%
2007 -7.4% 2.9%
2006 9.6% 3.2%
2005 4.4% 3.55%
2004 -4.8% 2.9%
2003 -1.8% 3.53%
2002 5.2% 3.63%
2001 12.4% 3.37%
2000 3.8% 3.15%
1999 -8.4% 2.64%
1998 4.3% 4.77%
1997 5.6% 5.54%

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/chad/greece | CC BY

Over the past 29 years, Chad has recorded an average annual inflation rate of 2.01%, compared with 2.4% in Greece. In 2025, inflation was -2.6% in Chad and 2.48% in Greece.

Top exports between countries

Chad
Export category Export value
Raw agricultural goods $1.84M
Greece
Export category Export value
Metals $280K
Raw materials & minerals $47K
Textiles & consumer goods $36K
Machinery & equipment $10K
Wood & paper products $5K

Balance of trade

Chad Greece
Current account balance
-$37.7M
1994
-$18.2B
2024
Current account balance ranking
75/190
1994
183/190
2024
Current account balance, % of GDP
-3.2%
1994
-7.11%
2024
Goods imports
$212M
1994
$91.2B
2024
Goods exports
$135M
1994
$52.6B
2024
Service imports
$199M
1994
$31.1B
2024
Service exports
$54.8M
1994
$55.8B
2024
Imports of goods and services, % of GDP
16.7%
2025
44%
2025
Exports of goods and services, % of GDP
29.4%
2025
39.5%
2025

Economic freedom indices

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

Chad Greece
Economic freedom 51.2 63.2
Economic freedom ranking 154/197 82/197
Property rights 17.2 78
Government integrity 15.2 54.8
Judicial effectiveness 15 68
Tax burden 77.9 59.9
Government spending 92.2 24.7
Fiscal health 97.9 78.9
Business freedom 27.4 77.8
Labor freedom 53.7 59.7
Monetary freedom 71.6 72.6
Trade freedom 46.4 79.4
Investment freedom 60 55
Financial freedom 40 50

Economic freedom comparison by year

Chad
Greece
1x
Year Economic freedom index
Chad Greece
2026 51.2 63.2
2025 52.2 60.6
2024 51.4 55.1
2023 52 56.9
2022 49.8 61.5
2021 50.4 60.9
2020 50.2 59.9
2019 49.9 57.7
2018 49.3 57.3
2017 49 55
2016 46.3 53.2
2015 45.9 54
2014 44.5 55.7
2013 45.2 55.4
2012 44.8 55.4
2011 45.3 60.3
2010 47.5 62.7
2009 47.5 60.8
2008 47.8 60.6
2007 50.1 58.7
2006 50 60.1
2005 52.1 59
2004 53.1 59.1
2003 52.6 58.8
2002 49.2 59.1
2001 46.4 63.4
2000 46.8 61
1999 47.2 61
1998 46.6 60.6
1997 45.1 59.6
1996 - 60.5
1995 - 61.2

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

GeoRank.org/economy/chad/greece | CC BY

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Greece
Services, % of GDP
33.9%
2025
67.4%
2025
Industry, % of GDP
26.7%
2025
15.2%
2025
Agriculture, forestry, and fishing, % of GDP
36.3%
2025
3.57%
2025
GNI, Atlas method
$20.4B
2025
$264B
2025
GNI per capita, PPP
$2,770
2025
$44,310
2025
Total reserves including gold
$1.55B
2024
$24B
2025
Total reserves ranking
133/177
2024
63/177
2025
Net foreign direct investment
-$26.5M
1994
-$4.52B
2024
Net inflows of foreign direct investment
$1.02B
2024
$6.74B
2024
Net outflows of foreign direct investment
$0
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
1.91%
2024
n/a
Poverty at national poverty lines
44.8%
2022
18.8%
2021
Gross capital formation, % of GDP
20.4%
2025
17.2%
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/chad/greece | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1998, 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 (2021–2025, 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.