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Economy of Czech Republic vs Portugal compared: GDP & Debt

Updated on by Georank

The Czech Republic has a GDP of $391B compared to $347B for Portugal, ranking 42/197 and 46/197 by economy size, respectively.

The Czech Republic has $174B in government debt (44.6% of GDP), compared to $312B (89.9% of GDP) in Portugal.

Czech Republic vs Portugal GDP by year

Czech Republic
Portugal
1x
Year GDP, current $
Czech Republic Portugal
2025 $391,026,962,800 $346,639,825,142
2024 $347,082,562,221 $313,656,884,871
2023 $345,059,295,660 $292,323,800,949
2022 $301,831,228,326 $256,898,677,175
2021 $290,972,714,482 $256,055,879,091
2020 $251,109,660,603 $229,618,773,423
2019 $256,794,209,029 $240,115,970,063
2018 $251,992,360,762 $242,092,894,543
2017 $221,563,575,696 $220,862,990,767
2016 $198,160,659,304 $206,305,431,242
2015 $189,107,698,562 $199,038,523,120
2014 $210,911,285,078 $230,078,616,300
2013 $213,024,360,541 $226,677,408,292
2012 $210,363,223,088 $216,536,676,772
2011 $231,429,378,717 $245,426,767,676
2010 $211,168,667,286 $238,443,864,993
2009 $206,971,882,705 $244,667,762,836
2008 $236,506,264,754 $263,416,394,624
2007 $190,040,702,287 $240,496,147,317
2006 $156,236,258,387 $208,756,449,276
2005 $137,264,185,596 $197,253,876,705
2004 $120,147,899,984 $189,382,122,532
2003 $100,435,924,705 $165,226,175,537
2002 $82,607,869,610 $134,795,565,549
2001 $68,135,304,464 $121,604,107,165
2000 $62,175,642,238 $118,605,192,877
1999 $65,586,562,605 $127,470,385,557
1998 $67,187,217,328 $123,946,327,916
1997 $62,539,765,163 $117,016,535,163
1996 $67,804,105,330 $122,630,089,680
1995 $60,572,381,311 $118,122,007,430
1994 $48,188,478,339 $99,688,641,304
1993 $41,155,654,032 $95,009,751,901
1992 $35,051,065,440 $107,592,098,307
1991 $30,071,014,282 $89,233,599,278
1990 $41,016,881,802 $78,713,860,217
1989 - $60,594,092,182
1988 - $56,347,250,696
1987 - $48,182,925,857
1986 - $38,745,901,354
1985 - $27,115,807,742
1984 - $25,217,969,050
1983 - $27,239,650,742
1982 - $30,527,754,793
1981 - $31,977,276,873
1980 - $32,896,519,824
1979 - $26,622,819,672
1978 - $23,487,614,051
1977 - $21,439,523,311
1976 - $20,332,831,565
1975 - $19,347,607,843
1974 - $17,512,391,476
1973 - $15,090,564,186
1972 - $11,239,117,865
1971 - $9,201,604,240
1970 - $8,108,235,704
1969 - $7,287,555,035
1968 - $6,644,693,214
1967 - $6,002,607,030
1966 - $5,370,108,031
1965 - $4,901,711,248
1964 - $4,429,202,657
1963 - $4,084,251,593
1962 - $3,835,883,663
1961 - $3,573,719,085
1960 - $3,339,150,158

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

GeoRank.org/economy/czech-republic/portugal | CC BY

GDP per capita in Czech Republic vs Portugal by year

Czech Republic
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,917 - $32,082 -
2024 $31,828 $57,285 $29,328 $51,680
2023 $31,762 $55,761 $27,635 $49,353
2022 $28,282 $52,947 $24,621 $45,250
2021 $27,696 $47,796 $24,711 $38,658
2020 $23,473 $44,839 $22,299 $35,967
2019 $24,063 $45,614 $23,343 $37,866
2018 $23,706 $41,638 $23,541 $34,897
2017 $20,913 $39,346 $21,442 $32,971
2016 $18,754 $36,445 $19,980 $31,589
2015 $17,932 $34,093 $19,216 $29,608
2014 $20,038 $32,743 $22,121 $28,765
2013 $20,260 $31,013 $21,676 $27,966
2012 $20,014 $29,466 $20,593 $26,476
2011 $22,049 $29,237 $23,247 $26,803
2010 $20,160 $28,154 $22,552 $27,292
2009 $19,817 $27,713 $23,151 $26,472
2008 $22,775 $27,938 $24,949 $26,666
2007 $18,453 $26,268 $22,811 $25,738
2006 $15,259 $23,914 $19,839 $24,677
2005 $13,442 $22,115 $18,780 $22,725
2004 $11,783 $20,988 $18,064 $21,476
2003 $9,852 $19,604 $15,798 $20,850
2002 $8,101 $18,344 $12,937 $20,357
2001 $6,669 $17,709 $11,735 $19,529
2000 $6,063 $16,332 $11,526 $18,883
1999 $6,378 $15,494 $12,475 $17,718
1998 $6,527 $15,064 $12,199 $16,688
1997 $6,069 $14,911 $11,576 $15,789
1996 $6,573 $14,781 $12,185 $14,922
1995 $5,865 $13,957 $11,781 $14,406
1994 $4,663 $12,862 $9,977 $13,578
1993 $3,984 $12,242 $9,535 $13,202
1992 $3,397 $11,963 $10,811 $13,182
1991 $2,917 $11,768 $8,959 $12,739
1990 $3,969 $12,848 $7,885 $11,780
1989 - - $6,056 -
1988 - - $5,624 -
1987 - - $4,804 -
1986 - - $3,862 -
1985 - - $2,705 -
1984 - - $2,523 -
1983 - - $2,735 -
1982 - - $3,080 -
1981 - - $3,246 -
1980 - - $3,368 -
1979 - - $2,756 -
1978 - - $2,457 -
1977 - - $2,267 -
1976 - - $2,173 -
1975 - - $2,128 -
1974 - - $2,000 -
1973 - - $1,748 -
1972 - - $1,302 -
1971 - - $1,065 -
1970 - - $934 -
1969 - - $832 -
1968 - - $752 -
1967 - - $676 -
1966 - - $601 -
1965 - - $545 -
1964 - - $490 -
1963 - - $452 -
1962 - - $426 -
1961 - - $400 -
1960 - - $377 -

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

GeoRank.org/economy/czech-republic/portugal | CC BY

The Czech Republic's GDP per capita is $35,917, ranking 35/197, compared to $32,082 in Portugal, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Portugal ranks 42nd at $51,680.

Economic indicators

Czech Republic Portugal
Gross domestic product
$391B
2025
$347B
2025
GDP rank
42/197
2025
46/197
2025
GDP growth
2.58%
2024-2025
1.86%
2024-2025
GDP per capita
$35,917
2025
$32,082
2025
GDP per capita rank
35/197
2025
43/197
2025
GDP per capita, PPP
$57,285
2024
$51,680
2024
GDP per capita PPP rank
35/197
2024
42/197
2024
Government debt
$174B
2025
$312B
2025
Debt-to-GDP ratio
44.6%
2025
89.9%
2025
Government debt per person
$16,026
2025
$28,843
2025
Government debt per person rank
42/185
2025
26/185
2025
Average annual personal income after taxes
$22,312
2026
$16,647
2026
Market capitalization of domestic companies
$55.4B
2025
$61.9B
2018
Number of millionaires n/a
181,000
2026
Number of billionaires
11
2026
1
2026
Income share by richest 10%
21.5%
2023
26.9%
2023
Income share by poorest 10%
3.8%
2023
2.7%
2023
Government expenditure, % of GDP
43.5%
2025
43.7%
2025
Consumer prices inflation
2.46%
2024-2025
2.34%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.8%
2025
6%
2025
Population
10742283
10788071

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
Czech Republic Portugal
Government spending Government debt Government spending Government debt
2025 43.5% 44.6% 43.7% 89.9%
2024 42.9% 43.3% 42.5% 93.5%
2023 43.7% 42.2% 41.9% 96.9%
2022 43% 42.5% 43.9% 111.2%
2021 45% 40.7% 47.3% 123.9%
2020 46.3% 36.9% 49.1% 134.1%
2019 40.4% 29.6% 42.5% 116.1%
2018 40.1% 31.7% 43.3% 121.1%
2017 38.5% 33.8% 45.5% 126%
2016 39.4% 36.2% 44.9% 131.2%
2015 41.7% 39.5% 48.2% 131%
2014 42.3% 41.5% 51.7% 132.5%
2013 42.4% 44.1% 50% 130.8%
2012 44.4% 43.8% 48.8% 128.6%
2011 42.8% 39.4% 50% 114%
2010 43.2% 36.7% 51.9% 100.1%
2009 44.5% 33.4% 50.3% 87.8%
2008 40.9% 28.2% 45.5% 75.6%
2007 40.5% 27.3% 44.6% 72.7%
2006 41.5% 27.6% 45.2% 73.7%
2005 42.3% 27.7% 46.7% 72.2%
2004 42.2% 28.3% 46% 67.1%
2003 49% 28.1% 45.3% 63.9%
2002 44.4% 25.7% 44.2% 60%
2001 43.1% 22.6% 44.1% 57.4%
2000 40.6% 16.9% 42.8% 54.2%
1999 40.9% 15.1% 42.5% 55.4%
1998 41.6% 13.9% 42.6% 55.6%
1997 41.3% 12.1% 42.4% 58.7%
1996 41.4% 11.5% 43% 63.3%
1995 52.8% 13.5% 42.6% 62.2%
1994 - - 42.8% 60.4%
1993 - - 46.5% 57.2%
1992 - - 48.2% 58.1%
1991 - - 45.9% 63.9%
1990 - - 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 - - 30.8% 35.2%
1978 - - 31.7% 31.4%
1977 - - 35.1% 26.9%
1976 - - 38.2% 24.5%
1975 - - 31.9% 19.2%
1974 - - 25.8% 13.5%
1973 - - 25.7% 13.6%
1972 - - 22.8% 14.5%
1971 - - 15.5% 15.7%
1970 - - 15.5% 16.5%
1969 - - 14.9% 16.8%
1968 - - 14.3% 17.2%
1967 - - 14.1% 18.5%
1966 - - 14.4% 20.2%
1965 - - 13.4% 20.4%
1964 - - 13.9% 21.9%
1963 - - 14.6% 20.8%
1962 - - 14.5% 18.7%
1961 - - 14.6% 17.1%
1960 - - 14.3% 16.4%

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

GeoRank.org/economy/czech-republic/portugal | CC BY

In 2025, the Czech Republic's government spending was $170B, accounting for 43.5% of its GDP, while Portugal spent $152B, or 43.7% of GDP.

Debt-to-GDP ratio is 44.6% in the Czech Republic and 89.9% in Portugal, ranking 119/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Portugal
1x
Year Deficit/surplus, % of GDP
Czech Republic Portugal
2025 -2.03% 0.31%
2024 -2.03% 0.5%
2023 -3.73% 1.26%
2022 -3.07% -0.31%
2021 -4.95% -2.83%
2020 -5.65% -5.75%
2019 0.28% 0.12%
2018 0.88% -0.43%
2017 1.46% -3%
2016 0.68% -1.94%
2015 -0.67% -4.37%
2014 -2.09% -7.32%
2013 -1.3% -5.21%
2012 -3.92% -6.2%
2011 -2.71% -7.73%
2010 -4.14% -11.4%
2009 -5.46% -9.87%
2008 -2% -3.81%
2007 -0.68% -2.91%
2006 -2.19% -4.06%
2005 -3.06% -6.05%
2004 -2.4% -5.91%
2003 -6.87% -5.57%
2002 -6.34% -3.7%
2001 -5.76% -4.68%
2000 -3.55% -3.32%
1999 -3.08% -2.93%
1998 -4.14% -4.3%
1997 -3.14% -3.65%
1996 -2.98% -4.63%
1995 -12.3% -5.14%
1994 - -7.37%
1993 - -8.06%
1992 - -5.19%
1991 - -7.93%
1990 - -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

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/czech-republic/portugal | CC BY

In 2025, the Czech Republic's government deficit, the difference between spending and revenue, was $7.92B, equivalent to 2.03% of GDP. This compares to Portugal's surplus of $1.07B, or 0.31% of GDP.

Over the past 31 years, the Czech Republic recorded a fiscal deficit in 27 of those years, while Portugal ran a deficit in 27 years. On average, the Czech Republic posted an annual deficit equal to 3.13% of GDP, compared to deficit of 4.03% of GDP for Portugal.

Inflation comparison by year

Inflation
Czech Republic

Portugal
1x
Year Consumer prices inflation
Czech Republic Portugal
2025 2.46% 2.34%
2024 2.44% 2.42%
2023 10.7% 4.31%
2022 15.1% 7.83%
2021 3.84% 1.27%
2020 3.16% -0.01%
2019 2.85% 0.34%
2018 2.15% 0.99%
2017 2.45% 1.37%
2016 0.68% 0.61%
2015 0.31% 0.49%
2014 0.34% -0.28%
2013 1.44% 0.27%
2012 3.29% 2.77%
2011 1.92% 3.65%
2010 1.47% 1.4%
2009 1.02% -0.84%
2008 6.36% 2.59%
2007 2.85% 2.45%
2006 2.53% 3.11%
2005 1.86% 2.28%
2004 2.76% 2.37%
2003 0.12% 3.22%
2002 1.9% 3.6%
2001 4.66% 4.37%
2000 3.78% 2.85%
1999 2.14% 2.34%
1998 10.7% 2.57%
1997 8.6% 2.34%

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

GeoRank.org/economy/czech-republic/portugal | CC BY

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.58%, compared with 2.17% in Portugal. In 2025, inflation was 2.46% in the Czech Republic and 2.34% in Portugal.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $864M
Textiles & consumer goods $115M
Transport & tourism services $107M
Chemicals & pharma $75.2M
Metals $44.3M
Processed food, beverages & tobacco $34.8M
Wood & paper products $32.2M
Raw materials & minerals $27.3M
Business & finance services $22M
IT & IP services $12.4M
Portugal
Export category Export value
Machinery & equipment $465M
Transport & tourism services $184M
Textiles & consumer goods $129M
Chemicals & pharma $108M
Raw materials & minerals $38.9M
Metals $21M
Business & finance services $20.5M
Processed food, beverages & tobacco $17M
Raw agricultural goods $12.4M
Wood & paper products $9.57M

Balance of trade

Czech Republic Portugal
Current account balance
$2.44B
2025
$6.51B
2024
Current account balance ranking
41/190
2025
30/190
2024
Current account balance, % of GDP
+0.62%
2025
+2.08%
2024
Goods imports
$197B
2025
$109B
2024
Goods exports
$215B
2025
$81.4B
2024
Service imports
$42.9B
2025
$27.9B
2024
Service exports
$47.5B
2025
$62.7B
2024
Imports of goods and services, % of GDP
61.1%
2025
42.7%
2025
Exports of goods and services, % of GDP
66.9%
2025
43.7%
2025

Economic freedom indices

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

Czech Republic Portugal
Economic freedom 73.2 71.2
Economic freedom ranking 25/197 33/197
Property rights 89.8 88.9
Government integrity 64.7 63.4
Judicial effectiveness 92.1 90.1
Tax burden 78.8 60.6
Government spending 44.2 44.6
Fiscal health 82.5 82
Business freedom 76.8 83.1
Labor freedom 55.1 54.8
Monetary freedom 75 77.7
Trade freedom 79.4 79.4
Investment freedom 70 70
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Portugal
1x
Year Economic freedom index
Czech Republic Portugal
2026 73.2 71.2
2025 72.9 70.5
2024 70.2 68.7
2023 71.9 69.5
2022 74.4 70.8
2021 73.8 67.5
2020 74.8 67
2019 73.7 65.3
2018 74.2 63.4
2017 73.3 62.6
2016 73.2 65.1
2015 72.5 65.3
2014 72.2 63.5
2013 70.9 63.1
2012 69.9 63
2011 70.4 64
2010 69.8 64.4
2009 69.4 64.9
2008 68.1 63.9
2007 67.4 64
2006 66.4 62.9
2005 64.6 62.4
2004 67 64.9
2003 67.5 64.9
2002 66.5 65.4
2001 70.2 66
2000 68.6 65.5
1999 69.7 65.6
1998 68.4 65
1997 68.8 63.6
1996 68.1 64.5
1995 67.8 62.4

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

GeoRank.org/economy/czech-republic/portugal | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 71.2 for Portugal, ranking 33/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Portugal
Services, % of GDP
60.8%
2025
66.6%
2025
Industry, % of GDP
28.7%
2025
18.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.95%
2025
1.96%
2025
GNI, Atlas method
$359B
2025
$323B
2025
GNI per capita, PPP
$57,870
2025
$52,240
2025
Total reserves including gold
$176B
2025
$68.8B
2025
Total reserves ranking
21/177
2025
39/177
2025
Net foreign direct investment
-$1.88B
2025
-$6.64B
2024
Net inflows of foreign direct investment
$13.5B
2024
$13.5B
2024
Net outflows of foreign direct investment
$12.9B
2024
$6.84B
2024
Poverty at national poverty lines
10.2%
2021
16.4%
2021
Gross capital formation, % of GDP
26.8%
2025
21%
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/czech-republic/portugal | CC BY

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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 (1880–1989, 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 (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.

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.