Comoros has a GDP of $1.44B compared to $150B for Ethiopia, ranking 183/197 and 60/197 by economy size, respectively.
Comoros has $444M in government debt (34.9% of GDP), compared to $48.4B (37% of GDP) in Ethiopia.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
Comoros
|
Ethiopia
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1960 | - | - | $1,610,511,694 | - |
| 1961 | - | - | $1,680,859,514 | $5,060,754,513 |
| 1962 | - | - | $1,747,566,307 | $5,279,687,375 |
| 1963 | - | - | $1,825,058,828 | $5,518,257,120 |
| 1964 | - | - | $1,984,129,186 | $5,743,980,634 |
| 1965 | - | - | $2,159,998,591 | $6,075,519,291 |
| 1966 | - | - | $2,324,466,416 | $6,516,395,305 |
| 1967 | - | - | $2,461,762,003 | $6,781,064,427 |
| 1968 | - | - | $2,619,948,865 | $7,061,948,853 |
| 1969 | - | - | $2,768,987,372 | $7,160,015,129 |
| 1970 | - | - | $3,045,354,455 | $7,409,379,033 |
| 1971 | - | - | $3,224,280,835 | $7,892,950,390 |
| 1972 | - | - | $3,520,252,938 | $8,226,597,999 |
| 1973 | - | - | $4,070,570,550 | $8,646,966,422 |
| 1974 | - | - | $4,577,209,966 | $8,930,038,558 |
| 1975 | - | - | $4,577,047,854 | $9,041,318,601 |
| 1976 | - | - | $4,943,806,093 | $9,054,773,015 |
| 1977 | - | - | $5,651,840,585 | $9,301,577,300 |
| 1978 | - | - | $6,014,961,435 | $9,556,441,107 |
| 1979 | - | - | $6,586,048,398 | $9,451,247,273 |
| 1980 | $243,390,496 | $395,630,757 | $7,012,585,454 | $10,058,411,102 |
| 1981 | $212,958,382 | $417,240,048 | $7,507,663,567 | $10,499,125,225 |
| 1982 | $202,152,462 | $434,171,255 | $7,899,988,841 | $10,595,298,667 |
| 1983 | $196,193,380 | $447,600,447 | $8,781,664,427 | $11,467,822,118 |
| 1984 | $189,102,734 | $466,249,920 | $8,298,309,581 | $11,141,216,084 |
| 1985 | $191,944,892 | $479,207,636 | $9,717,392,687 | $9,899,599,638 |
| 1986 | $258,143,903 | $489,132,194 | $10,094,328,898 | $10,856,060,580 |
| 1987 | $313,292,323 | $499,295,109 | $10,790,001,558 | $12,360,637,884 |
| 1988 | $336,422,522 | $524,113,053 | $11,181,119,718 | $12,422,895,312 |
| 1989 | $328,665,081 | $519,306,622 | $11,762,932,007 | $12,378,043,171 |
| 1990 | $401,561,022 | $557,417,554 | $12,478,943,895 | $12,715,524,550 |
| 1991 | $400,592,663 | $523,041,756 | $13,799,799,324 | $11,807,956,564 |
| 1992 | $436,552,922 | $561,527,248 | $10,754,799,037 | $10,783,913,879 |
| 1993 | $427,750,823 | $575,831,289 | $9,051,043,870 | $12,201,225,772 |
| 1994 | $314,789,556 | $552,875,674 | $7,100,806,754 | $12,590,440,553 |
| 1995 | $392,774,714 | $584,042,819 | $7,855,205,207 | $13,361,921,235 |
| 1996 | $392,488,149 | $581,062,047 | $8,761,215,548 | $15,022,296,789 |
| 1997 | $362,816,806 | $606,689,356 | $8,803,539,988 | $15,493,081,577 |
| 1998 | $363,932,160 | $606,841,276 | $8,013,274,132 | $14,957,309,260 |
| 1999 | $371,921,712 | $623,211,951 | $7,892,973,532 | $15,729,427,375 |
| 2000 | $339,504,306 | $616,936,089 | $8,242,349,618 | $16,684,709,708 |
| 2001 | $372,746,486 | $650,371,556 | $8,231,326,016 | $18,069,758,570 |
| 2002 | $427,360,070 | $680,273,576 | $7,850,809,498 | $18,343,465,848 |
| 2003 | $546,830,041 | $693,432,979 | $8,623,691,300 | $17,946,997,565 |
| 2004 | $622,679,660 | $714,932,259 | $10,131,187,261 | $20,382,872,321 |
| 2005 | $655,375,096 | $755,434,619 | $12,401,139,454 | $22,791,876,294 |
| 2006 | $688,498,642 | $742,180,920 | $15,280,861,835 | $25,261,313,884 |
| 2007 | $795,673,153 | $748,145,085 | $19,707,616,773 | $28,155,292,189 |
| 2008 | $915,659,108 | $777,806,128 | $27,066,912,635 | $31,192,831,993 |
| 2009 | $905,341,173 | $803,011,729 | $32,437,389,116 | $33,938,597,624 |
| 2010 | $907,978,731 | $833,348,554 | $29,933,790,334 | $38,198,074,329 |
| 2011 | $1,023,086,274 | $867,878,892 | $31,952,763,089 | $42,467,968,231 |
| 2012 | $1,015,843,491 | $895,376,387 | $43,310,721,414 | $46,140,518,129 |
| 2013 | $1,116,224,107 | $935,365,362 | $47,648,276,605 | $51,023,232,360 |
| 2014 | $1,149,587,661 | $955,070,416 | $55,612,228,234 | $56,256,936,829 |
| 2015 | $966,029,601 | $966,029,601 | $62,103,418,182 | $62,103,418,182 |
| 2016 | $1,012,835,493 | $998,105,647 | $68,475,871,210 | $67,961,933,367 |
| 2017 | $1,077,439,757 | $1,036,190,385 | $76,366,081,767 | $74,461,941,569 |
| 2018 | $1,178,530,633 | $1,073,934,613 | $83,337,901,072 | $79,537,377,551 |
| 2019 | $1,187,915,409 | $1,092,843,397 | $91,834,517,113 | $86,189,951,999 |
| 2020 | $1,218,763,671 | $1,090,706,042 | $98,676,811,061 | $91,412,658,765 |
| 2021 | $1,272,238,391 | $1,112,522,258 | $109,070,960,372 | $96,569,731,966 |
| 2022 | $1,222,485,532 | $1,141,481,328 | $123,140,304,666 | $101,708,941,222 |
| 2023 | $1,326,836,543 | $1,175,671,155 | $135,874,093,202 | $108,415,879,003 |
| 2024 | $1,440,991,455 | $1,214,916,247 | $149,740,297,953 | $116,669,335,367 |
Economic indicators
|
Comoros
|
Ethiopia
|
|
|---|---|---|
| Gross domestic product |
$1.44B
2024 |
$150B
2024 |
| GDP rank |
183/197
2024 |
60/197
2024 |
| GDP growth |
8.6%
2023-2024 |
10.2%
2023-2024 |
| GDP per capita |
$1,663
2024 |
$1,134
2024 |
| GDP per capita rank |
161/197
2024 |
171/197
2024 |
| GDP per capita, PPP |
$3,959
2024 |
$3,288
2024 |
| Government debt |
$444M
2024 |
$48.4B
2024 |
| Debt-to-GDP ratio |
34.9%
2026 |
37%
2026 |
| Government debt per person |
$513
2024 |
$366
2024 |
| Government debt per person rank |
167/185
2024 |
172/185
2024 |
| Average annual personal income after taxes |
$1,909
2026 |
$2,273
2026 |
| Income share by richest 10% |
33.6%
2014 |
24.8%
2021 |
| Income share by poorest 10% |
1.6%
2014 |
3.5%
2021 |
| Government expenditure, % of GDP |
18.8%
2026 |
12.3%
2026 |
| Consumer prices inflation |
1.9%
2025-2026 |
21%
2023-2024 |
| Unemployment rate |
4.39%
2021 |
3.94%
2021 |
| Population |
899184
|
138940022
|
GDP per capita in Comoros vs Ethiopia
Comoros' GDP per capita is $1,663, ranking 161/197, compared to $1,134 in Ethiopia, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), Comoros ranks 167th at $3,959, while Ethiopia ranks 175th at $3,288.
| Year | Current $ | |||
|---|---|---|---|---|
|
Comoros
|
Ethiopia
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1960 | - | - | $75.3 | - |
| 1961 | - | - | $76.7 | - |
| 1962 | - | - | $77.8 | - |
| 1963 | - | - | $79.2 | - |
| 1964 | - | - | $83.8 | - |
| 1965 | - | - | $88.9 | - |
| 1966 | - | - | $93.2 | - |
| 1967 | - | - | $96.1 | - |
| 1968 | - | - | $99.5 | - |
| 1969 | - | - | $102.3 | - |
| 1970 | - | - | $109.4 | - |
| 1971 | - | - | $112.7 | - |
| 1972 | - | - | $119.8 | - |
| 1973 | - | - | $134.9 | - |
| 1974 | - | - | $147.9 | - |
| 1975 | - | - | $144.3 | - |
| 1976 | - | - | $152 | - |
| 1977 | - | - | $170.4 | - |
| 1978 | - | - | $178.3 | - |
| 1979 | - | - | $192.4 | - |
| 1980 | $721 | - | $203.7 | - |
| 1981 | $613 | - | $212.7 | - |
| 1982 | $566 | - | $215.3 | - |
| 1983 | $534 | - | $232.7 | - |
| 1984 | $501 | - | $214.2 | - |
| 1985 | $494 | - | $243.9 | - |
| 1986 | $646 | - | $246 | - |
| 1987 | $763 | - | $254.1 | - |
| 1988 | $798 | - | $253.2 | - |
| 1989 | $759 | - | $256.4 | - |
| 1990 | $903 | $1,546 | $262.1 | $417 |
| 1991 | $879 | $1,464 | $277.6 | $383 |
| 1992 | $939 | $1,575 | $207.4 | $343 |
| 1993 | $903 | $1,623 | $168.5 | $384 |
| 1994 | $653 | $1,564 | $127.7 | $391 |
| 1995 | $801 | $1,657 | $136.5 | $409 |
| 1996 | $786 | $1,651 | $147.3 | $453 |
| 1997 | $715 | $1,723 | $143.4 | $461 |
| 1998 | $704 | $1,713 | $126.5 | $436 |
| 1999 | $707 | $1,753 | $120.7 | $450 |
| 2000 | $633 | $1,741 | $122.3 | $474 |
| 2001 | $681 | $1,838 | $118.5 | $509 |
| 2002 | $765 | $1,912 | $109.6 | $509 |
| 2003 | $960 | $1,949 | $116.8 | $493 |
| 2004 | $1,072 | $2,025 | $133.2 | $558 |
| 2005 | $1,106 | $2,162 | $158.2 | $625 |
| 2006 | $1,138 | $2,146 | $189.3 | $693 |
| 2007 | $1,290 | $2,178 | $237.1 | $770 |
| 2008 | $1,455 | $2,262 | $316 | $845 |
| 2009 | $1,410 | $2,304 | $369 | $899 |
| 2010 | $1,387 | $2,372 | $331 | $996 |
| 2011 | $1,531 | $2,472 | $343 | $1,098 |
| 2012 | $1,490 | $2,679 | $452 | $1,179 |
| 2013 | $1,603 | $2,833 | $484 | $1,253 |
| 2014 | $1,616 | $2,938 | $550 | $1,485 |
| 2015 | $1,329 | $2,949 | $598 | $1,633 |
| 2016 | $1,365 | $3,139 | $642 | $1,858 |
| 2017 | $1,424 | $3,347 | $696 | $2,005 |
| 2018 | $1,527 | $3,276 | $740 | $2,095 |
| 2019 | $1,510 | $3,293 | $793 | $2,242 |
| 2020 | $1,519 | $3,245 | $830 | $2,407 |
| 2021 | $1,555 | $3,378 | $893 | $2,588 |
| 2022 | $1,465 | $3,642 | $982 | $2,845 |
| 2023 | $1,560 | $3,812 | $1,056 | $3,061 |
| 2024 | $1,663 | $3,959 | $1,134 | $3,288 |
Spending and national debt comparison
In 2024, Comoros' government spending was $287M, accounting for 18.8% of its GDP, while Ethiopia's spent $14.3B, or 12.3% of GDP.
Debt-to-GDP ratio is 34.9% in Comoros and 37% in Ethiopia, ranking 147/185 and 139/185, respectively.
| Year | % of GDP | |||
|---|---|---|---|---|
|
Comoros
|
Ethiopia
|
|||
| Government spending | Government debt | Government spending | Government debt | |
| 1980 | - | - | 13.5% | 18.5% |
| 1981 | - | - | 14.2% | 30.6% |
| 1982 | - | - | 16.4% | 48.8% |
| 1983 | - | - | 21.3% | 55.2% |
| 1984 | 23.3% | 150.3% | 18.8% | 65.4% |
| 1985 | 24.8% | 142.9% | 19.7% | 67.7% |
| 1986 | 25.6% | 136.8% | 19.8% | 75.7% |
| 1987 | 22.4% | 128.9% | 18.4% | 82.3% |
| 1988 | 20.2% | 120% | 21.6% | 84.3% |
| 1989 | 19.7% | 113.8% | 24% | 84.7% |
| 1990 | 20.3% | 108.1% | 20.3% | 91.6% |
| 1991 | 19.9% | 103.9% | 16.8% | 89.3% |
| 1992 | 20.4% | 101% | 13.8% | 85.4% |
| 1993 | 16.3% | 95.7% | 13.4% | 136.9% |
| 1994 | 21.8% | 87.8% | 17.1% | 150.7% |
| 1995 | 18.4% | 77.7% | 16.9% | 142.3% |
| 1996 | 15.5% | 75.4% | 18.2% | 129% |
| 1997 | 14.5% | 70.9% | 17.3% | 77.4% |
| 1998 | 13.1% | 69.4% | 20.4% | 86% |
| 1999 | 11.5% | 64.5% | 25.8% | 94.3% |
| 2000 | 9.74% | 60.7% | 25.6% | 93.6% |
| 2001 | 13% | 53% | 22.4% | 97.3% |
| 2002 | 14.3% | 48.2% | 24.9% | 107.4% |
| 2003 | 12.8% | 44.4% | 27% | 103.7% |
| 2004 | 11.7% | 42.4% | 23.1% | 103.1% |
| 2005 | 12.8% | 39.9% | 22.9% | 78.2% |
| 2006 | 12.5% | 38.5% | 22.1% | 79.6% |
| 2007 | 13.1% | 35.6% | 20.5% | 55.7% |
| 2008 | 15.1% | 33.2% | 18.8% | 56.1% |
| 2009 | 13.7% | 31.7% | 17.1% | 30% |
| 2010 | 13.3% | 30.5% | 18.5% | 39.4% |
| 2011 | 13.2% | 27.7% | 18.2% | 44.6% |
| 2012 | 14.9% | 25.1% | 16.6% | 39.4% |
| 2013 | 14.8% | 10.3% | 17.8% | 44.1% |
| 2014 | 14.5% | 11.8% | 17.5% | 44.2% |
| 2015 | 19.1% | 14.3% | 17.3% | 50.7% |
| 2016 | 18.9% | 16.2% | 17.9% | 51.8% |
| 2017 | 18.8% | 18.9% | 18% | 55.3% |
| 2018 | 19.2% | 17% | 16.1% | 58.4% |
| 2019 | 20.1% | 21.2% | 15.4% | 54.7% |
| 2020 | 18.8% | 24.3% | 14.5% | 53.7% |
| 2021 | 20% | 26.3% | 13.8% | 53.8% |
| 2022 | 18.4% | 28.2% | 12.7% | 46.9% |
| 2023 | 17.9% | 28.7% | 10.8% | 38.7% |
| 2024 | 19.9% | 30.8% | 9.54% | 32.3% |
| 2025 | 21.6% | 32.5% | 11.6% | 41.8% |
| 2026 | 18.8% | 34.9% | 12.3% | 37% |
Government deficit by year
In 2024, Comoros' government deficit, the difference between spending and revenue, was -$50.5M, equivalent to -3.5% of GDP. This compares to Ethiopia's deficit of -$2.98B, or -1.99% of GDP.
Over the past 41 years, Comoros recorded a fiscal deficit in 34 of those years, while Ethiopia ran a deficit in 41 years. On average, Comoros posted an annual deficit equal to -1.44% of GDP, compared to deficit of -3.61% of GDP for Ethiopia.
| Year | Deficit/surplus, % of GDP | |
|---|---|---|
|
Comoros
|
Ethiopia
|
|
| 1980 | - | -2.56% |
| 1981 | - | -2.19% |
| 1982 | - | -3.6% |
| 1983 | - | -7.59% |
| 1984 | -5.7% | -3.69% |
| 1985 | -5.02% | -4.71% |
| 1986 | -4.83% | -3.98% |
| 1987 | -3.11% | -3.54% |
| 1988 | -2.69% | -3.48% |
| 1989 | -1.31% | -4.33% |
| 1990 | -1.03% | -6.66% |
| 1991 | -2.26% | -5.83% |
| 1992 | -1.99% | -4.78% |
| 1993 | 1.27% | -4% |
| 1994 | -3.7% | -5.23% |
| 1995 | -4.13% | -2.68% |
| 1996 | -3.43% | -3.81% |
| 1997 | -1.3% | -1.7% |
| 1998 | -2% | -3.51% |
| 1999 | -0.46% | -8.23% |
| 2000 | -1.14% | -8.88% |
| 2001 | -2.13% | -3.76% |
| 2002 | -2.15% | -5.76% |
| 2003 | -2.05% | -5.59% |
| 2004 | -0.98% | -2.65% |
| 2005 | -1.41% | -4.12% |
| 2006 | -1.51% | -3.79% |
| 2007 | -1.18% | -3.57% |
| 2008 | -1.46% | -2.88% |
| 2009 | 0.36% | -0.93% |
| 2010 | 4.2% | -1.32% |
| 2011 | 0.86% | -1.61% |
| 2012 | 1.96% | -1.17% |
| 2013 | 10.5% | -1.93% |
| 2014 | -0.33% | -2.58% |
| 2015 | 2.6% | -1.95% |
| 2016 | -5.52% | -2.3% |
| 2017 | -0.1% | -3.24% |
| 2018 | -1.35% | -3.03% |
| 2019 | -4.3% | -2.53% |
| 2020 | -0.52% | -2.76% |
| 2021 | -2.81% | -2.77% |
| 2022 | -4.17% | -4.16% |
| 2023 | -1.34% | -2.6% |
| 2024 | -3.5% | -1.99% |
| 2025 | -2.4% | -1.7% |
| 2026 | -2.89% | -1.95% |
Inflation comparison by year
Over the past 28 years, Comoros has recorded an average annual inflation rate of 3.35%, compared with 13.6% in Ethiopia. In 2024, inflation was 1.9% in Comoros and 21% in Ethiopia.
| Year | Inflation | |
|---|---|---|
|
Comoros
|
Ethiopia
|
|
| 1997 | 1.5% | 2.4% |
| 1998 | 1.2% | 0.89% |
| 1999 | 1.1% | 7.94% |
| 2000 | 5.9% | 0.66% |
| 2001 | 5.6% | -8.24% |
| 2002 | 3.6% | 0.68% |
| 2003 | 3.7% | 13.7% |
| 2004 | 4.5% | 3.33% |
| 2005 | 3% | 9.97% |
| 2006 | 3.4% | 12.3% |
| 2007 | 4.5% | 17.2% |
| 2008 | 4.8% | 44.4% |
| 2009 | 4.8% | 8.48% |
| 2010 | 3.9% | 8.15% |
| 2011 | 2.2% | 33.2% |
| 2012 | 5.9% | 23.6% |
| 2013 | 0.4% | 7.46% |
| 2014 | 0% | 6.89% |
| 2015 | 0.9% | 9.57% |
| 2016 | 0.8% | 6.63% |
| 2017 | 0.1% | 10.7% |
| 2018 | 1.7% | 13.8% |
| 2019 | 3.7% | 15.8% |
| 2020 | 0.8% | 20.4% |
| 2021 | 0% | 26.8% |
| 2022 | 12.4% | 33.9% |
| 2023 | 8.5% | 30.2% |
| 2024 | 5% | 21% |
| 2025 | 3.3% | - |
| 2026 | 1.9% | - |
Top exports between countries
Balance of trade
|
Comoros
|
Ethiopia
|
|
|---|---|---|
Current account balance
|
-$24.6M
2023 |
-$3.79B
2024 |
| Current account balance ranking |
80/190
2023 |
160/190
2024 |
| Current account balance, % of GDP |
-1.86%
2023 |
-2.53%
2024 |
| Goods imports |
$299M
2023 |
$19.6B
2024 |
| Goods exports |
$32.1M
2023 |
$5.58B
2024 |
| Service imports |
$205M
2023 |
$5.51B
2024 |
| Service exports |
$116M
2023 |
$7.61B
2024 |
| Imports of goods and services, % of GDP |
34.5%
2024 |
11.9%
2024 |
| Exports of goods and services, % of GDP |
9.91%
2024 |
5.54%
2024 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Comoros
|
Ethiopia
|
|
|---|---|---|
| Economic freedom | 51.4 | 48.1 |
| Economic freedom ranking | 153/197 | 172/197 |
| Property rights | 22.9 | 27.9 |
| Government integrity | 16 | 32.7 |
| Judicial effectiveness | 20.9 | 19.7 |
| Tax burden | 65.3 | 78.2 |
| Government spending | 89.5 | 95.4 |
| Fiscal health | 86.1 | 80.9 |
| Business freedom | 49.9 | 45.3 |
| Labor freedom | 55.1 | 39.4 |
| Monetary freedom | 71.3 | 49.9 |
| Trade freedom | 64.2 | 57.4 |
| Investment freedom | 45 | 30 |
| Financial freedom | 30 | 20 |
Economic freedom by year comparison
The Economic Freedom Index for Comoros is 51.4, ranking 153/197, compared to 48.1 for Ethiopia, ranking 172/197. The chart below displays a comparison of annual changes in economic freedom indexes.
| Year | Economic freedom index | |
|---|---|---|
|
Comoros
|
Ethiopia
|
|
| 1995 | - | 42.6 |
| 1996 | - | 45.9 |
| 1997 | - | 48.1 |
| 1998 | - | 49.2 |
| 1999 | - | 46.7 |
| 2000 | - | 50.2 |
| 2001 | - | 48.9 |
| 2002 | - | 49.8 |
| 2003 | - | 48.8 |
| 2004 | - | 54.5 |
| 2005 | - | 51.1 |
| 2006 | - | 50.9 |
| 2007 | - | 53.6 |
| 2008 | - | 52.5 |
| 2009 | 43.3 | 53 |
| 2010 | 44.9 | 51.2 |
| 2011 | 43.8 | 50.5 |
| 2012 | 45.7 | 52 |
| 2013 | 47.5 | 49.4 |
| 2014 | 51.4 | 50 |
| 2015 | 52.1 | 51.5 |
| 2016 | 52.4 | 51.5 |
| 2017 | 55.8 | 52.7 |
| 2018 | 56.2 | 52.8 |
| 2019 | 55.4 | 53.6 |
| 2020 | 53.7 | 53.6 |
| 2021 | 55.7 | 51.7 |
| 2022 | 50.4 | 49.6 |
| 2023 | 53.5 | 48.3 |
| 2024 | 52 | 47.9 |
| 2025 | 51.4 | 48.1 |
More economic indicators
|
Comoros
|
Ethiopia
|
|
|---|---|---|
| Services, % of GDP |
50.1%
2024 |
37.5%
2024 |
| Industry, % of GDP |
9.56%
2024 |
25.4%
2024 |
| Agriculture, forestry, and fishing, % of GDP |
36.6%
2024 |
34.8%
2024 |
|
GNI, Atlas method
|
$1.38B
2024 |
$146B
2024 |
| GNI per capita, PPP |
$3,980
2024 |
$3,280
2024 |
| Total reserves including gold |
$324M
2024 |
$3.78B
2024 |
| Total reserves ranking |
166/177
2024 |
109/177
2024 |
|
Net foreign direct investment
|
-$5.35M
2023 |
-$4.02B
2024 |
|
Net inflows of foreign direct investment
|
$7.1M
2024 |
$4.02B
2024 |
|
Net outflows of foreign direct investment
|
$0
2024 |
$0
2024 |
|
Servicing debt to the IMF, % of GNI
|
1.7%
2024 |
0.91%
2024 |
| Poverty at national poverty lines |
44.8%
2020 |
33.1%
2021 |
|
Gross capital formation, % of GDP
|
11.7%
2024 |
20.6%
2024 |
GDP per capita map
GDP per capita
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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.