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Economy of Congo vs South Africa compared: GDP & Debt

Updated on by Georank team

The Congo has a GDP of $15.7B compared to $400B for South Africa, ranking 141/197 and 41/197 by economy size, respectively.

The Congo has $15B in government debt (91.4% of GDP), compared to $306B (79.6% of GDP) in South Africa.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Congo
GDP, current $

GDP, constant 2015 $
South Africa
GDP, current $

GDP, constant 2015 $
Year GDP
Congo South Africa
Current $ Constant $ Current $ Constant $
1960 $131,731,863 $1,260,529,281 $8,748,596,501 $65,652,787,806
1961 $151,675,739 $1,365,792,637 $9,225,996,310 $68,176,962,954
1962 $166,521,240 $1,436,845,387 $9,813,996,074 $72,388,888,581
1963 $172,233,431 $1,378,950,570 $10,854,195,658 $77,726,634,753
1964 $185,693,725 $1,431,582,304 $11,955,995,218 $83,897,825,365
1965 $198,318,064 $1,484,213,966 $13,068,994,772 $89,034,719,820
1966 $220,613,582 $1,504,384,173 $14,211,394,315 $92,986,424,439
1967 $237,397,428 $1,536,221,035 $15,821,393,671 $99,678,213,921
1968 $251,247,458 $1,653,455,074 $17,124,793,150 $103,818,221,928
1969 $265,040,036 $1,778,266,547 $19,256,992,297 $108,714,188,432
1970 $274,960,700 $1,891,337,095 $21,218,391,513 $114,420,228,111
1971 $322,128,019 $2,037,973,138 $23,411,076,638 $119,316,194,616
1972 $410,669,264 $2,213,596,510 $24,515,919,217 $121,290,674,451
1973 $541,973,363 $2,395,801,821 $33,262,772,008 $126,836,017,070
1974 $585,364,634 $2,584,723,272 $41,389,186,095 $134,587,120,945
1975 $767,102,680 $2,784,563,655 $42,906,905,672 $136,868,956,456
1976 $754,549,601 $2,810,078,243 $41,150,460,288 $139,948,316,810
1977 $765,224,029 $2,558,479,911 $45,328,411,332 $139,816,794,619
1978 $878,771,772 $2,721,192,761 $51,607,412,902 $144,031,543,620
1979 $1,198,749,667 $2,988,229,522 $63,038,658,089 $149,491,087,028
1980 $1,705,796,853 $3,515,251,773 $89,411,864,402 $159,388,269,161
1981 $1,993,512,323 $4,134,629,380 $93,141,472,164 $167,932,741,244
1982 $2,160,640,565 $5,110,306,815 $85,904,057,409 $167,288,855,025
1983 $2,097,274,290 $5,409,462,277 $96,204,110,942 $164,199,769,714
1984 $2,193,581,365 $5,786,833,455 $84,870,163,366 $172,572,564,948
1985 $2,160,872,540 $5,718,221,236 $64,459,376,087 $170,481,777,772
1986 $1,849,268,212 $5,325,863,974 $73,354,771,399 $170,512,207,474
1987 $2,297,753,652 $5,335,949,917 $96,535,763,418 $174,094,206,900
1988 $2,212,536,312 $5,430,196,849 $103,976,831,871 $181,406,354,481
1989 $2,389,593,026 $5,571,375,261 $108,055,624,082 $185,750,664,997
1990 $2,798,746,050 $5,627,089,213 $126,048,140,142 $185,160,422,892
1991 $2,724,853,506 $5,761,878,676 $135,203,698,238 $183,275,036,204
1992 $2,933,222,703 $5,912,375,954 $146,956,150,987 $179,358,388,483
1993 $2,684,323,623 $5,854,453,400 $147,194,747,566 $181,570,878,123
1994 $1,769,365,438 $5,532,863,840 $153,512,712,382 $187,381,146,228
1995 $2,116,003,868 $5,753,366,412 $171,735,933,897 $193,189,961,763
1996 $2,540,697,539 $6,000,213,536 $163,234,925,381 $201,497,130,113
1997 $2,322,719,103 $5,962,723,473 $168,978,057,328 $206,736,055,499
1998 $1,949,481,379 $6,185,583,409 $152,982,984,557 $207,769,735,777
1999 $2,354,772,960 $6,025,859,314 $151,516,957,079 $212,756,209,431
2000 $3,227,927,698 $6,482,377,235 $151,752,757,215 $221,691,970,228
2001 $2,796,704,604 $6,728,876,234 $135,429,905,923 $227,677,653,425
2002 $3,034,250,924 $7,037,184,600 $129,087,556,612 $236,102,579,036
2003 $3,503,723,088 $7,094,415,494 $197,018,965,309 $243,065,422,272
2004 $4,656,974,940 $7,341,062,187 $255,806,908,595 $254,135,982,543
2005 $6,650,001,680 $7,910,417,276 $288,867,217,197 $267,546,870,424
2006 $8,072,305,029 $8,542,162,056 $303,858,675,364 $282,539,679,230
2007 $8,782,703,437 $7,977,183,901 $333,077,117,254 $297,685,145,427
2008 $11,649,857,673 $8,480,255,109 $316,131,258,616 $307,184,409,061
2009 $9,723,299,915 $9,467,126,892 $329,754,060,647 $302,459,639,040
2010 $13,148,396,212 $10,407,332,392 $417,363,822,802 $311,653,604,140
2011 $15,655,383,577 $10,636,909,753 $458,199,494,831 $321,528,523,982
2012 $17,692,911,296 $11,694,979,455 $434,400,545,086 $329,233,094,599
2013 $17,958,720,699 $11,611,660,392 $400,886,013,596 $337,416,077,838
2014 $17,919,321,078 $12,383,378,937 $381,198,869,776 $342,186,555,601
2015 $12,434,793,867 $12,434,793,867 $346,709,790,459 $346,709,790,459
2016 $10,931,328,151 $11,354,801,749 $323,585,509,674 $349,013,858,373
2017 $11,834,473,039 $10,719,526,285 $381,448,814,653 $353,055,253,707
2018 $14,773,900,289 $10,472,514,332 $405,260,723,893 $358,551,560,869
2019 $13,976,637,780 $10,590,275,025 $389,330,032,224 $359,483,563,937
2020 $11,468,687,464 $9,926,500,702 $337,974,655,408 $337,307,318,680
2021 $14,825,690,211 $10,027,261,670 $420,886,877,629 $354,021,006,264
2022 $15,817,030,157 $10,175,199,490 $406,920,004,594 $360,788,046,854
2023 $15,321,055,818 $10,369,226,733 $380,699,271,816 $363,308,097,942
2024 $15,719,985,776 $10,636,718,190 $400,260,724,226 $365,414,753,362

Economic indicators

Congo South Africa
Gross domestic product
$15.7B
2024
$400B
2024
GDP rank
141/197
2024
41/197
2024
GDP growth
2.6%
2023-2024
5.14%
2023-2024
GDP per capita
$2,482
2024
$6,253
2024
GDP per capita rank
148/197
2024
112/197
2024
GDP per capita, PPP
$7,026
2024
$15,457
2024
Government debt
$15B
2024
$306B
2024
Debt-to-GDP ratio
91.4%
2025
79.6%
2025
Government debt per person
$2,369
2024
$4,775
2024
Government debt per person rank
113/185
2024
83/185
2024
Average annual personal income after taxes
$2,263
2025
$13,449
2025
Market capitalization of domestic companies n/a
$986B
2024
Number of millionaires n/a
90,595
2024
Number of billionaires n/a
7
2025
Income share by richest 10%
37.9%
2011
50.5%
2014
Income share by poorest 10%
1.6%
2011
0.9%
2014
Government expenditure, % of GDP
21.9%
2025
34%
2025
Consumer prices inflation
3.6%
2024-2025
4.36%
2023-2024
Central bank interest rate n/a
7%
2025
Unemployment rate
10%
2012
32.3%
2024
Population
6607609
65314246

GDP per capita in Congo vs South Africa

The Congo's GDP per capita is $2,482, ranking 148/197, compared to $6,253 in South Africa, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), the Congo ranks 147th at $7,026, while South Africa ranks 113th at $15,457.

Congo
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
Year Current $
Congo South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $124.7 - $532 -
1961 $139.9 - $546 -
1962 $149.6 - $563 -
1963 $150.7 - $605 -
1964 $158.1 - $646 -
1965 $164.2 - $685 -
1966 $177.6 - $722 -
1967 $185.7 - $779 -
1968 $190.8 - $817 -
1969 $195.4 - $891 -
1970 $196.7 - $952 -
1971 $223.5 - $1,020 -
1972 $276.3 - $1,038 -
1973 $353 - $1,369 -
1974 $370 - $1,656 -
1975 $471 - $1,670 -
1976 $453 - $1,559 -
1977 $448 - $1,671 -
1978 $503 - $1,852 -
1979 $670 - $2,202 -
1980 $933 - $3,029 -
1981 $1,066 - $3,050 -
1982 $1,131 - $2,717 -
1983 $1,075 - $2,938 -
1984 $1,097 - $2,504 -
1985 $1,049 - $1,839 -
1986 $872 - $2,027 -
1987 $1,052 - $2,586 -
1988 $984 - $2,702 -
1989 $1,033 - $2,727 -
1990 $1,176 $3,437 $3,093 $6,382
1991 $1,113 $3,536 $3,243 $6,383
1992 $1,164 $3,608 $3,462 $6,275
1993 $1,034 $3,550 $3,400 $6,375
1994 $662 $3,327 $3,489 $6,611
1995 $770 $3,434 $3,856 $6,875
1996 $899 $3,547 $3,618 $7,208
1997 $804 $3,510 $3,700 $7,433
1998 $660 $3,602 $3,310 $7,463
1999 $776 $3,464 $3,242 $7,667
2000 $1,024 $3,667 $3,218 $8,095
2001 $855 $3,748 $2,847 $8,428
2002 $906 $3,888 $2,688 $8,792
2003 $1,017 $3,887 $4,062 $9,139
2004 $1,306 $3,992 $5,221 $9,714
2005 $1,799 $4,279 $5,837 $10,441
2006 $2,104 $4,588 $6,077 $11,250
2007 $2,206 $4,243 $6,592 $12,047
2008 $2,832 $4,448 $6,185 $12,525
2009 $2,271 $4,801 $6,375 $12,261
2010 $2,947 $5,125 $7,973 $12,637
2011 $3,396 $5,175 $8,646 $13,143
2012 $3,732 $6,058 $8,077 $12,987
2013 $3,697 $5,834 $7,332 $13,369
2014 $3,601 $5,733 $6,857 $13,359
2015 $2,439 $4,715 $6,112 $13,398
2016 $2,093 $4,016 $5,651 $13,519
2017 $2,212 $4,445 $6,618 $13,738
2018 $2,694 $5,593 $6,914 $13,347
2019 $2,488 $5,720 $6,534 $13,361
2020 $1,994 $4,771 $5,581 $12,671
2021 $2,516 $6,263 $6,843 $13,711
2022 $2,621 $6,647 $6,523 $14,759
2023 $2,478 $6,850 $6,023 $15,194
2024 $2,482 $7,026 $6,253 $15,457

Spending and national debt comparison

In 2024, the Congo's government spending was $3.58B, accounting for 21.9% of its GDP, while South Africa's spent $133B, or 34% of GDP.

Debt-to-GDP ratio is 91.4% in the Congo and 79.6% in South Africa, ranking 33/185 and 42/185, respectively.

Congo
Government spending

Government debt
South Africa
Government spending

Government debt
Year % of GDP
Congo South Africa
Government spending Government debt Government spending Government debt
1960 - - 16.7% 52.9%
1961 - - 15.7% 52.8%
1962 - - 15.9% 45.7%
1963 - - 15.9% 43.4%
1964 - - 11.3% 30%
1965 - - 18.2% 42.7%
1966 - - 18.3% 41.4%
1967 - - 18.8% 41.1%
1968 - - 19.4% 42.7%
1969 - - 18.8% 44.4%
1970 - - 20% 43.3%
1971 - - 19.9% 41.1%
1972 - - 22.9% 41.1%
1973 - - 21% 38.2%
1974 - - 19.1% 33.7%
1975 - - 21.2% 32.8%
1976 - - 23% 35%
1977 - - 27.3% 45.3%
1978 - - 26.8% 44.7%
1979 - - 26.5% 41.9%
1980 - - 21.8% 33.3%
1981 - - 23.3% 27.4%
1982 - - 23.8% 31.3%
1983 - - 25.1% 28.7%
1984 - - 25.2% 23.2%
1985 - - 26.8% 26.3%
1986 - - 27.8% 32.5%
1987 - - 28% 33.5%
1988 - - 23.9% 30.6%
1989 20.3% 151.7% 29.6% 33.3%
1990 30.4% 0% 28.7% 31.8%
1991 34.1% 0% 27.8% 34.7%
1992 32.8% 0% 29.8% 34.8%
1993 32.8% 0% 29.1% 39.8%
1994 30.7% 0% 31.3% 46.4%
1995 27.6% 0% 27.2% 47%
1996 15.7% 0% 28.5% 44.3%
1997 22.2% 0% 27.9% 45.8%
1998 25.1% 0% 27.1% 45.8%
1999 28.8% 0% 26.7% 45.9%
2000 22.6% 145% 22.6% 37.9%
2001 29.1% 180.1% 22.6% 38%
2002 32.1% 163.5% 22.2% 31.8%
2003 27% 185.3% 22.6% 31.5%
2004 24.4% 122.6% 22.7% 30.7%
2005 22.1% 99.8% 25.1% 29.6%
2006 26.6% 94.7% 24.7% 28%
2007 28.6% 93.8% 24.4% 24.3%
2008 24.2% 69.6% 26% 24%
2009 24.4% 83.8% 28.5% 27%
2010 23% 43.5% 28.3% 31.2%
2011 27.9% 34.4% 28.1% 34.7%
2012 30.7% 30.2% 28.6% 37.4%
2013 42.4% 33.9% 28.9% 40.4%
2014 48.6% 42.3% 29.3% 43.3%
2015 41.3% 74.2% 30.2% 45.2%
2016 38.8% 84.6% 29.9% 47.1%
2017 26.6% 88.5% 29.9% 48.6%
2018 17.8% 71.2% 30.2% 51.5%
2019 20.2% 77.6% 31.4% 56.1%
2020 21.1% 102.5% 34.6% 68.9%
2021 20.9% 97.8% 32.5% 68.7%
2022 22.8% 92.5% 31.9% 70.8%
2023 20.7% 99% 32.5% 73.4%
2024 22.8% 95.4% 33.2% 76.4%
2025 21.9% 91.4% 34% 79.6%

Government deficit by year

In 2024, the Congo's government surplus, the difference between spending and revenue, was $410M, equivalent to 2.61% of GDP. This compares to South Africa's deficit of -$24.2B, or -6.05% of GDP.

Over the past 36 years, the Congo recorded a fiscal deficit in 16 of those years, while South Africa ran a deficit in 34 years. On average, the Congo posted an annual surplus equal to +0.72% of GDP, compared to deficit of -3.88% of GDP for South Africa.

Deficit/surplus
Congo

South Africa
Year Deficit/surplus, % of GDP
Congo South Africa
1913 - -4.15%
1914 - -11.6%
1915 - -10.7%
1916 - -2.57%
1917 - -3.52%
1918 - -3.7%
1919 - -2.6%
1920 - -5.52%
1921 - -5.38%
1922 - -4.51%
1923 - -5.53%
1924 - -4.72%
1925 - -4.92%
1926 - -4.76%
1927 - -3.79%
1928 - -3.29%
1929 - -4.41%
1930 - -5.19%
1931 - -5.31%
1932 - -4.72%
1933 - -3.31%
1934 - -3.29%
1935 - -3.2%
1936 - -2.58%
1937 - -2.16%
1938 - -3.91%
1939 - -2.96%
1940 - -10.9%
1941 - -7.3%
1942 - -9.08%
1943 - -8.49%
1944 - -8.94%
1945 - -7.41%
1946 - -4.03%
1947 - -1.82%
1948 - -6.03%
1949 - -6.87%
1950 - -2.33%
1951 - -0.4%
1952 - -4.14%
1953 - -3.72%
1954 - -2.53%
1955 - -2.9%
1956 - -2.12%
1957 - -2.8%
1958 - -3.5%
1959 - -4.4%
1960 - -2.36%
1961 - -3.25%
1962 - -1.4%
1963 - -2.26%
1964 - -1.19%
1965 - -3.15%
1966 - -3.04%
1967 - -3.8%
1968 - -3.38%
1969 - -3.94%
1970 - -3.19%
1971 - -1.96%
1972 - -5.39%
1973 - -4.54%
1974 - -1.5%
1975 - -2.62%
1976 - -4.19%
1977 - -5.52%
1978 - -5.42%
1979 - -4.65%
1980 - -1.91%
1981 - -3.72%
1982 - -3.88%
1983 - -5.3%
1984 - -5.24%
1985 - -4.86%
1986 - -5.69%
1987 - -6.36%
1988 - -3.29%
1989 0.78% -8.3%
1990 -4.1% -3.82%
1991 -11.2% -4.85%
1992 -12.7% -7.09%
1993 -11.3% -8.54%
1994 -10.6% -8.09%
1995 -6.38% -4.38%
1996 9.2% -4.53%
1997 3.67% -4.08%
1998 -5.16% -2.56%
1999 -4.75% -2.21%
2000 1.05% -1.38%
2001 -0.71% -1.02%
2002 -7.34% -0.96%
2003 0.37% -1.59%
2004 3.33% -1.04%
2005 13.4% -0.1%
2006 16% 0.81%
2007 8.99% 1.22%
2008 23.9% -0.49%
2009 4.76% -4.67%
2010 15.5% -4.51%
2011 16.1% -3.7%
2012 7.24% -4.04%
2013 -2.85% -3.9%
2014 -10.7% -3.93%
2015 -17.8% -4.37%
2016 -14.5% -3.72%
2017 -5.57% -4.02%
2018 5.22% -3.73%
2019 4.3% -5.07%
2020 -1.1% -9.62%
2021 1.63% -5.52%
2022 8.94% -4.26%
2023 5.81% -5.45%
2024 2.61% -6.05%
2025 3.54% -6.55%

Inflation comparison by year

Over the past 29 years, the Congo has recorded an average annual inflation rate of 3.1%, compared with 5.49% in South Africa. In 2024, inflation was 3.6% in the Congo and 4.36% in South Africa.

Inflation
Congo

South Africa
Year Inflation
Congo South Africa Congo South Africa
1996 7.4% 7.35%
1997 12.7% 8.6%
1998 2.2% 6.88%
1999 3% 5.18%
2000 0.5% 5.34%
2001 0.8% 5.7%
2002 3% 9.49%
2003 1.7% 5.68%
2004 3.7% -0.69%
2005 2.5% 2.06%
2006 4.7% 3.24%
2007 2.6% 6.18%
2008 6% 9.91%
2009 4.3% 7.24%
2010 0.4% 4.07%
2011 1.8% 5%
2012 5% 5.74%
2013 4.6% 5.78%
2014 0.9% 6.13%
2015 3.2% 4.52%
2016 3.2% 6.6%
2017 0.4% 5.19%
2018 1.2% 4.51%
2019 0.4% 4.1%
2020 1.4% 3.23%
2021 2% 4.62%
2022 3% 7.04%
2023 4.3% 6.08%
2024 3.1% 4.36%
2025 3.6% -

Top exports between countries

Congo
Export category Export value
Machinery & equipment $27.8M
Metals $17.3M
Wood & paper products $344K
Processed food, beverages & tobacco $83K
Textiles & consumer goods $46K
Miscellaneous $9K
Raw agricultural goods $9K
Raw materials & minerals $9K
Chemicals & pharma $8K
Animal & marine products $4K
South Africa
Export category Export value
Machinery & equipment $31.3M
Processed food, beverages & tobacco $29.2M
Raw materials & minerals $16M
Raw agricultural goods $7.61M
Chemicals & pharma $6.58M
Metals $4.75M
Textiles & consumer goods $2.91M
Wood & paper products $1.6M
Animal & marine products $413K
Miscellaneous $193K

Balance of trade

Congo South Africa
Current account balance
$1.72B
2021
-$2.58B
2024
Current account balance ranking
47/189
2021
149/189
2024
Current account balance, % of GDP
+11.6%
2021
-0.64%
2024
Goods imports
$2.78B
2021
$99.8B
2024
Goods exports
$7.51B
2021
$112B
2024
Service imports
$1.71B
2021
$20B
2024
Service exports
$240M
2021
$16.1B
2024
Imports of goods and services, % of GDP
40.4%
2024
29.9%
2024
Exports of goods and services, % of GDP
52.8%
2024
31.8%
2024

Economic freedom indices

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

Congo South Africa
Economic freedom 48.6 57.3
Economic freedom ranking 169/197 114/197
Property rights 30.8 44.3
Government integrity 13.2 45.1
Judicial effectiveness 14.9 57.7
Tax burden 75.5 67.9
Government spending 86.2 68.6
Fiscal health 80.4 45.8
Business freedom 36.9 64
Labor freedom 52.5 71
Monetary freedom 77.7 74.5
Trade freedom 49.6 68.4
Investment freedom 35 40
Financial freedom 30 40

Economic freedom by year comparison

The Economic Freedom Index for the Congo is 48.6, ranking 169/197, compared to 57.3 for South Africa, ranking 114/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Congo
South Africa
Year Economic freedom index
Congo South Africa
1995 - 60.7
1996 40.3 62.5
1997 42.2 63.2
1998 33.8 64.3
1999 41.6 63.3
2000 40.6 63.7
2001 44.3 63.8
2002 45.3 64
2003 47.7 67.1
2004 45.9 66.3
2005 46.2 62.9
2006 43.8 63.7
2007 44.4 63.5
2008 45.3 63.4
2009 45.4 63.8
2010 43.2 62.8
2011 43.6 62.7
2012 43.8 62.7
2013 43.5 61.8
2014 43.7 62.5
2015 42.7 62.6
2016 42.8 61.9
2017 40 62.3
2018 38.9 63
2019 39.7 58.3
2020 41.8 58.8
2021 50.7 59.7
2022 48.5 56.2
2023 48.1 55.7
2024 47.8 55.3
2025 48.6 57.3

More economic indicators

Congo South Africa
Services, % of GDP
45%
2024
62.7%
2024
Industry, % of GDP
40.1%
2024
24.4%
2024
Agriculture, forestry, and fishing, % of GDP
9.44%
2024
2.92%
2024
GNI, Atlas method
$15.2B
2024
$390B
2024
GNI per capita, PPP
$6,700
2024
$15,150
2024
Total reserves including gold
$715M
2023
$65.4B
2024
Total reserves ranking
148/177
2023
36/177
2024
Net foreign direct investment
$330M
2021
-$3.59B
2024
Net inflows of foreign direct investment
$604M
2024
$2.33B
2024
Net outflows of foreign direct investment
$25.4M
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI
5.31%
2023
6.1%
2023
Poverty at national poverty lines
40.9%
2011
55.5%
2014
Gross capital formation, % of GDP
26.8%
2024
13.9%
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.