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Economy of Chile vs East Timor compared: GDP & Debt

Updated on by Georank team

Chile has a GDP of $330B compared to $1.87B for East Timor, ranking 45/197 and 181/197 by economy size, respectively.

Chile has $138B in government debt (41.7% of GDP), compared to $249M (13.3% of GDP) in East Timor.

Chile vs East Timor GDP by year

Chile
East Timor
1x
Year GDP, current $
Chile East Timor
2024 $330,267,137,372 $1,865,608,515
2023 $335,518,054,098 $2,079,767,170
2022 $301,226,575,540 $3,208,599,889
2021 $315,325,547,162 $3,625,024,341
2020 $254,042,159,309 $2,162,619,241
2019 $278,285,058,719 $2,032,550,389
2018 $295,857,562,992 $1,555,988,614
2017 $276,154,259,981 $1,584,878,440
2016 $249,344,863,928 $1,640,464,612
2015 $242,450,355,831 $1,590,282,371
2014 $259,560,978,224 $1,447,535,183
2013 $277,395,018,842 $1,395,727,421
2012 $267,024,782,487 $1,160,555,040
2011 $251,382,573,894 $1,042,534,598
2010 $217,051,209,239 $881,909,347
2009 $171,777,900,624 $726,937,836
2008 $179,894,594,475 $648,523,571
2007 $172,491,076,034 $542,795,447
2006 $153,843,518,171 $453,792,415
2005 $122,294,145,163 $462,267,954
2004 $99,075,985,774 $440,771,962
2003 $76,492,579,644 $490,439,116
2002 $70,264,045,939 $469,455,491
2001 $71,574,739,561 $477,359,253
2000 $78,339,750,721 $366,924,277
1999 $75,578,685,736 $225,357,600
1998 $81,990,010,704 $325,729,800
1997 $85,741,415,285 $319,972,700
1996 $78,584,098,984 $306,956,900
1995 $73,820,425,702 $262,819,900
1994 $57,438,273,591 $239,040,500
1993 $49,934,943,321 $216,914,400
1992 $46,538,895,686 $187,891,500
1991 $38,232,330,917 $147,713,000
1990 $33,428,580,448 $128,210,142
1989 $30,101,767,991 -
1988 $26,174,858,614 -
1987 $22,605,488,851 -
1986 $19,197,818,085 -
1985 $17,933,557,360 -
1984 $19,974,595,028 -
1983 $20,629,678,694 -
1982 $19,710,229,067 -
1981 $35,180,322,211 -
1980 $29,586,676,576 -
1979 $22,249,574,628 -
1978 $16,373,093,554 -
1977 $14,272,711,437 -
1976 $10,523,479,089 -
1975 $7,812,161,793 -
1974 $16,584,311,220 -
1973 $17,237,336,173 -
1972 $12,057,501,635 -
1971 $10,999,807,567 -
1970 $9,261,006,540 -
1969 $8,456,519,044 -
1968 $7,286,820,526 -
1967 $7,145,068,068 -
1966 $7,256,882,086 -
1965 $6,183,988,944 -
1964 $6,065,708,668 -
1963 $5,702,520,146 -
1962 $5,765,971,144 -
1961 $4,948,564,551 -
1960 $4,211,103,677 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/chile/east-timor | CC BY

GDP per capita in Chile vs East Timor by year

Chile
GDP per capita

GDP per capita, PPP
East Timor
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chile East Timor
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $16,710 $36,181 $1,332 $4,423
2023 $17,067 $33,145 $1,502 $4,807
2022 $15,406 $30,932 $2,343 $5,730
2021 $16,207 $29,090 $2,685 $6,825
2020 $13,115 $25,351 $1,631 $6,132
2019 $14,496 $25,612 $1,562 $4,557
2018 $15,659 $25,305 $1,219 $3,561
2017 $14,880 $24,295 $1,266 $3,463
2016 $13,650 $23,257 $1,336 $3,391
2015 $13,434 $22,468 $1,320 $3,108
2014 $14,530 $22,554 $1,225 $2,860
2013 $15,684 $22,201 $1,205 $2,566
2012 $15,242 $21,366 $1,023 $2,386
2011 $14,487 $20,122 $939 $2,066
2010 $12,633 $17,918 $813 $1,955
2009 $10,099 $15,951 $687 $1,810
2008 $10,683 $16,376 $628 $1,675
2007 $10,346 $16,698 $540 $1,516
2006 $9,319 $15,511 $465 $1,377
2005 $7,480 $12,550 $487 $1,435
2004 $6,121 $11,612 $474 $1,379
2003 $4,773 $10,708 $535 $1,355
2002 $4,431 $10,133 $534 $1,417
2001 $4,564 $9,776 $588 $1,619
2000 $5,053 $9,376 $492 $1,483
1999 $4,934 $8,839 $270 $819
1998 $5,420 $8,850 $346 $1,108
1997 $5,742 $8,510 $349 $1,149
1996 $5,334 $7,895 $344 $1,116
1995 $5,081 $7,232 $303 $1,043
1994 $4,012 $6,476 $283.1 $985
1993 $3,541 $6,061 $264.1 $925
1992 $3,352 $5,563 $235.1 $843
1991 $2,798 $4,886 $189.8 $766
1990 $2,488 $4,444 $168.6 $685
1989 $2,278 - - -
1988 $2,014 - - -
1987 $1,767 - - -
1986 $1,525 - - -
1985 $1,447 - - -
1984 $1,636 - - -
1983 $1,715 - - -
1982 $1,663 - - -
1981 $3,012 - - -
1980 $2,571 - - -
1979 $1,962 - - -
1978 $1,465 - - -
1977 $1,297 - - -
1976 $971 - - -
1975 $732 - - -
1974 $1,579 - - -
1973 $1,667 - - -
1972 $1,185 - - -
1971 $1,099 - - -
1970 $941 - - -
1969 $874 - - -
1968 $766 - - -
1967 $764 - - -
1966 $790 - - -
1965 $686 - - -
1964 $686 - - -
1963 $658 - - -
1962 $679 - - -
1961 $594 - - -
1960 $516 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/chile/east-timor | CC BY

Chile's GDP per capita is $16,710, ranking 65/197, compared to $1,332 in East Timor, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Chile ranks 63rd at $36,181, while East Timor ranks 163rd at $4,423.

Economic indicators

Chile East Timor
Gross domestic product
$330B
2024
$1.87B
2024
GDP rank
45/197
2024
181/197
2024
GDP growth
2.64%
2023-2024
-9.1%
2023-2024
GDP per capita
$16,710
2024
$1,332
2024
GDP per capita rank
65/197
2024
167/197
2024
GDP per capita, PPP
$36,181
2024
$4,423
2024
GDP per capita PPP rank
63/197
2024
163/197
2024
Government debt
$138B
2024
$249M
2024
Debt-to-GDP ratio
41.7%
2024
13.3%
2024
Government debt per person
$6,960
2024
$177.5
2024
Government debt per person rank
68/185
2024
182/185
2024
Average annual personal income after taxes
$10,247
2026
$1,440
2026
Market capitalization of domestic companies
$262B
2024
n/a
Number of millionaires
81,274
2025
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
34.5%
2022
24%
2014
Income share by poorest 10%
2.3%
2022
4%
2014
Government expenditure, % of GDP
26.7%
2024
90.8%
2024
Consumer prices inflation
4.3%
2023-2024
2.1%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
8.76%
2024
1.54%
2022
Population
19977856
1441764

Spending and national debt comparison by year

Chile
Spending

Debt
East Timor
Spending

Debt
1x
Year % of GDP
Chile East Timor
Government spending Government debt Government spending Government debt
2024 26.7% 41.7% 90.8% 13.3%
2023 27.4% 39.4% 78.6% 12.4%
2022 26.7% 37.9% 59.9% 7.9%
2021 33.6% 36.4% 45.7% 6.53%
2020 29.1% 32.4% 61.7% 10.1%
2019 26.5% 28.3% 68.8% 9.51%
2018 25.6% 25.8% 85.5% 9.31%
2017 25.5% 23.7% 87.3% 6.71%
2016 25.4% 21.1% 112.2% 4.71%
2015 25% 17.4% 98.1% 2.95%
2014 23.9% 15% 111% 1.52%
2013 23.1% 12.8% 96.1% 0.46%
2012 23.1% 11.9% 129.3% 0.002%
2011 22.9% 11.1% 133.3% 0%
2010 23.5% 8.61% 121.3% 0%
2009 25% 5.84% 121.8% 0%
2008 21.8% 4.92% 122.4% 0%
2007 19.3% 3.9% 75.8% 0%
2006 18.7% 5.02% 59.8% 0%
2005 20.2% 7.04% 58.3% 0%
2004 20.8% 10.3% 74.2% 0%
2003 22.2% 12.6% 80.1% 0%
2002 23.2% 15% 93.5% 0%
2001 23.2% 14.3% 95.7% 0%
2000 22.9% 13.1% - -
1999 23.7% 13.3% - -
1998 21.9% 12.1% - -
1997 20.6% 12.8% - -
1996 20.6% 14.6% - -
1995 19.4% 17.2% - -
1994 20.6% 22.6% - -
1993 21.1% 28% - -
1992 20.8% 30.3% - -
1991 21.2% 37% - -
1990 20.9% 50.3% - -
1989 19.8% 51.9% - -
1988 21.3% 71.2% - -
1987 22.9% 81.6% - -
1986 26.6% 88.4% - -
1985 28.5% 79.8% - -
1984 30% 56.6% - -
1983 29.2% 45.5% - -
1982 30.1% 20.3% - -
1981 26.4% 14% - -
1980 23.8% 17.4% - -
1979 24.8% 23.2% - -
1978 29.4% 26% - -
1977 30% 16.5% - -
1976 30% 19.5% - -
1975 33.6% 28.4% - -
1974 32.3% 18.8% - -
1973 30.8% 11.1% - -
1972 35% 10.1% - -
1971 27.2% 20% - -
1970 21.1% 26.3% - -
1969 18.7% 21.5% - -
1968 19.3% 17.9% - -
1967 19.1% 14.9% - -
1966 20.5% 12.6% - -
1965 20.5% 12.6% - -
1964 17.8% 9.6% - -
1963 18.9% 9.23% - -
1962 21.3% 6.99% - -
1961 19.5% 7.97% - -
1960 19.7% 7.02% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

GeoRank.org/economy/chile/east-timor | CC BY

In 2024, Chile's government spending was $88.3B, accounting for 26.7% of its GDP, while East Timor spent $1.69B, or 90.8% of GDP.

Debt-to-GDP ratio is 41.7% in Chile and 13.3% in East Timor, ranking 129/185 and 178/185, respectively.

Government deficit by year

Deficit/surplus
Chile

East Timor
1x
Year Deficit/surplus, % of GDP
Chile East Timor
2024 -2.82% -43.5%
2023 -2.27% -34.7%
2022 1.36% -29.5%
2021 -7.53% -20.1%
2020 -7.1% -18.9%
2019 -2.73% -25.4%
2018 -1.48% -26.9%
2017 -2.63% -33.8%
2016 -2.66% -55.7%
2015 -2.09% -33.2%
2014 -1.5% -37.5%
2013 -0.47% -14.4%
2012 0.68% -38.7%
2011 1.43% -25.4%
2010 -0.36% -19.8%
2009 -4.26% -17.2%
2008 3.93% -18.6%
2007 7.95% -29.9%
2006 7.51% 41%
2005 4.57% -10.5%
2004 2.05% -7.48%
2003 -0.42% -8.24%
2002 -1.17% -7.64%
2001 -0.49% 3.24%
2000 -0.69% -
1999 -2.02% -
1998 0.39% -
1997 2.04% -
1996 2.07% -
1995 3.09% -
1994 1.43% -
1993 1.41% -
1992 2.09% -
1991 1.54% -
1990 2.24% -
1989 5.31% -
1988 4.07% -
1987 2.36% -
1986 -0.92% -
1985 -2.22% -
1984 -2.95% -
1983 -2.67% -
1982 -1.02% -
1981 2.56% -
1980 5.41% -
1979 4.82% -
1978 -0.11% -
1977 -1.11% -
1976 -0.48% -
1975 -0.41% -
1974 -5.79% -
1973 -7.32% -
1972 -12.7% -
1971 -7.98% -
1970 -1.22% -
1969 0.6% -
1968 -0.79% -
1967 -0.64% -
1966 -1.88% -
1965 -1.64% -
1964 -2.24% -
1963 -3.29% -
1962 -4.31% -
1961 -2.89% -
1960 -3.14% -
1959 1.56% -
1958 -0.1% -
1957 -0.71% -
1956 -1.3% -
1955 -2.79% -
1954 -2.84% -
1953 -4.05% -
1952 -1.82% -
1951 -0.71% -
1950 -0.92% -
1949 1.71% -
1948 2.56% -
1947 -0.2% -
1946 0.12% -
1945 0.73% -
1944 0.25% -
1943 0.81% -
1942 1.51% -
1941 1.9% -
1940 2.64% -
1939 1.74% -
1938 1.25% -
1937 1.42% -
1936 2.62% -
1935 4.23% -
1934 2.42% -
1933 1.76% -
1932 -0.32% -
1931 -2.73% -
1930 1.47% -
1929 1.89% -
1928 4.11% -
1927 -0.17% -
1926 -3.23% -
1925 2.44% -
1924 3.68% -
1923 2.87% -
1922 -0.23% -
1921 -0.57% -
1920 -1.8% -
1919 -2.53% -
1918 0.71% -
1917 0.49% -
1916 0.98% -
1915 -2.13% -
1914 -2.67% -
1913 -2.23% -
1912 -3.29% -
1911 -3.32% -
1910 -3.17% -
1909 -2.26% -
1908 -0.84% -
1907 -2.39% -
1906 -2.8% -
1905 -1.31% -
1904 -1.6% -
1903 -1.35% -
1902 -3.65% -
1901 -3.93% -
1900 -1.89% -
1899 -0.78% -
1898 -3.84% -
1897 -1.78% -
1896 -5.36% -
1895 -2.31% -
1894 0.82% -
1893 -0.59% -
1892 -1.33% -
1891 -6.72% -
1890 -3.65% -
1889 -2.71% -
1888 -0.58% -
1887 -4% -
1886 -5.17% -
1885 -2.46% -
1884 -3.23% -
1883 -3.57% -
1882 -2.86% -
1881 -1.83% -
1880 -2% -
1879 -4.34% -
1878 -2.27% -
1877 -3.88% -
1876 -3.17% -
1875 -3.73% -
1874 -4.75% -
1873 -1.94% -
1872 -1.78% -
1871 -2.38% -
1870 -1.83% -
1869 -1.07% -
1868 -2.85% -
1867 -4.31% -
1866 -5.72% -
1865 -1.95% -
1864 -1.07% -
1863 -0.26% -
1862 -0.13% -
1861 -0.5% -
1860 -0.07% -
1859 -1.6% -
1858 -1.37% -
1857 -0.3% -
1856 0.11% -
1855 0.1% -
1854 -0.2% -
1853 0.27% -
1852 0.68% -
1851 -0.39% -
1850 0.35% -
1849 0.6% -
1848 -0.25% -
1847 0.04% -
1846 0.36% -
1845 -0.21% -
1844 0.48% -
1843 0.69% -
1842 1.1% -
1841 0.31% -
1840 0.34% -
1839 0.25% -
1838 -0.21% -
1837 -0.05% -
1836 -0.17% -
1835 -0.58% -
1834 -0.39% -
1833 -0.45% -
1832 -0.57% -
1831 -0.77% -
1830 -0.51% -
1829 -0.06% -
1828 -0.3% -
1827 0.07% -
1826 -0.08% -
1825 0.05% -
1824 -0.37% -
1823 0.98% -
1822 1.28% -
1821 -0.19% -
1820 0.64% -
1819 0.16% -
1818 1.52% -
1817 0.94% -
1816 1.21% -
1815 1.53% -
1814 1.91% -
1813 2.34% -
1812 2.79% -
1811 3.24% -
1810 3.64% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1810–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/chile/east-timor | CC BY

In 2024, Chile's government deficit, the difference between spending and revenue, was $9.3B, equivalent to 2.82% of GDP. This compares to East Timor's deficit of $812M, or 43.5% of GDP.

Over the past 24 years, Chile recorded a fiscal deficit in 16 of those years, while East Timor ran a deficit in 22 years. On average, Chile posted an annual deficit equal to 0.44% of GDP, compared to deficit of 21.4% of GDP for East Timor.

Inflation comparison by year

Inflation
Chile

East Timor
1x
Year Consumer prices inflation
Chile East Timor
2024 4.3% 2.1%
2023 7.58% 8.4%
2022 11.6% 7%
2021 4.52% 3.8%
2020 3.05% 0.5%
2019 2.56% 0.9%
2018 2.43% 2.3%
2017 2.18% 0.5%
2016 3.79% -1.5%
2015 4.35% 0.6%
2014 4.72% 0.8%
2013 1.79% 9.5%
2012 3.01% 10.9%
2011 3.34% 13.2%
2010 1.41% 5.2%
2009 0.35% -0.2%
2008 8.72% 7.4%
2007 4.41% 8.6%
2006 3.39% 5.2%
2005 3.05% 1.6%
2004 1.05% 2.2%
2003 2.81% 8%
2002 2.49% 4.1%
2001 3.57% 3.6%
2000 3.84% -
1999 3.34% -
1998 5.11% -
1997 6.13% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/chile/east-timor | CC BY

Over the past 24 years, Chile has recorded an average annual inflation rate of 3.77%, compared with 4.36% in East Timor. In 2024, inflation was 4.3% in Chile and 2.1% in East Timor.

Balance of trade

Chile East Timor
Current account balance
-$4.85B
2024
-$587M
2024
Current account balance ranking
166/190
2024
108/190
2024
Current account balance, % of GDP
-1.47%
2024
-31.5%
2024
Goods imports
$78.1B
2024
$839M
2024
Goods exports
$99.2B
2024
$196M
2024
Service imports
$21.1B
2024
$432M
2024
Service exports
$12B
2024
$82.1M
2024
Imports of goods and services, % of GDP
30.1%
2024
84.9%
2024
Exports of goods and services, % of GDP
33.7%
2024
10.6%
2024

Economic freedom indices

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

Chile East Timor
Economic freedom 74.3 47.9
Economic freedom ranking 20/197 173/197
Property rights 69.7 43.5
Government integrity 67.8 43.9
Judicial effectiveness 90.3 34.5
Tax burden 72.5 97.1
Government spending 78.2 0
Fiscal health 94.1 19.6
Business freedom 78.5 62.7
Labor freedom 56.8 56.5
Monetary freedom 75.1 72.2
Trade freedom 78 79.8
Investment freedom 60 45
Financial freedom 70 20

Economic freedom comparison by year

Chile
East Timor
1x
Year Economic freedom index
Chile East Timor
2026 74.3 47.9
2025 73.2 47.9
2024 71.4 50.2
2023 71.1 47.2
2022 74.4 46.3
2021 75.2 44.7
2020 76.8 45.9
2019 75.4 44.2
2018 75.2 48.1
2017 76.5 46.3
2016 77.7 45.8
2015 78.5 45.5
2014 78.7 43.2
2013 79 43.7
2012 78.3 43.3
2011 77.4 42.8
2010 77.2 45.8
2009 78.3 50.5
2008 78.6 -
2007 77.7 -
2006 78 -
2005 77.8 -
2004 76.9 -
2003 76 -
2002 77.8 -
2001 75.1 -
2000 74.7 -
1999 74.1 -
1998 74.9 -
1997 75.9 -
1996 72.6 -
1995 71.2 -

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

GeoRank.org/economy/chile/east-timor | CC BY

The Economic Freedom Index for Chile is 74.3, ranking 20/197, compared to 47.9 for East Timor, ranking 173/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chile East Timor
Services, % of GDP
56.1%
2024
71.6%
2024
Industry, % of GDP
30.1%
2024
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.91%
2024
20.2%
2024
GNI, Atlas method
$311B
2024
$2.31B
2024
GNI per capita, PPP
$34,320
2024
$5,040
2024
Total reserves including gold
$44.4B
2024
$737M
2024
Total reserves ranking
45/177
2024
147/177
2024
Net foreign direct investment
-$8.93B
2024
-$211M
2024
Net inflows of foreign direct investment
$12.5B
2024
$216M
2024
Net outflows of foreign direct investment
$3.59B
2024
$4.5M
2024
Servicing debt to the IMF, % of GNI n/a
1.23%
2024
Poverty at national poverty lines
6.5%
2022
41.8%
2014
Gross capital formation, % of GDP
23.2%
2024
30.1%
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/chile/east-timor | 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 (1810–1990, 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)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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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.