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Economy of Czech Republic vs Spain compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $1.73T for Spain, ranking 44/197 and 15/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $1.75T (101.6% of GDP) in Spain.

Czech Republic vs Spain GDP by year

Czech Republic
Spain
1x
Year GDP, current $
Czech Republic Spain
2024 $347,034,062,928 $1,725,671,652,742
2023 $345,059,295,660 $1,619,481,980,720
2022 $301,831,228,326 $1,448,850,658,407
2021 $290,972,714,482 $1,461,244,901,853
2020 $251,109,660,603 $1,289,783,836,971
2019 $256,794,209,029 $1,403,496,387,686
2018 $251,992,360,762 $1,431,642,809,327
2017 $221,563,575,696 $1,321,754,088,819
2016 $198,160,659,304 $1,243,015,667,917
2015 $189,107,698,562 $1,206,164,777,553
2014 $210,911,285,078 $1,380,244,561,362
2013 $213,024,360,541 $1,362,186,923,158
2012 $210,363,223,088 $1,330,994,811,670
2011 $231,429,378,717 $1,487,568,659,241
2010 $211,168,667,286 $1,427,989,078,917
2009 $206,971,882,705 $1,496,587,590,848
2008 $236,506,264,754 $1,636,115,447,613
2007 $190,040,702,287 $1,476,746,276,855
2006 $156,236,258,387 $1,261,846,683,275
2005 $137,264,185,596 $1,154,667,551,776
2004 $120,147,899,984 $1,069,829,382,515
2003 $100,435,924,705 $907,963,217,058
2002 $82,607,869,610 $708,938,227,244
2001 $68,135,304,464 $627,798,682,379
2000 $62,175,642,238 $598,102,854,756
1999 $65,586,562,605 $634,394,904,387
1998 $67,187,217,328 $618,731,484,575
1997 $62,539,765,163 $589,739,772,727
1996 $67,804,105,330 $642,251,412,058
1995 $60,572,381,311 $614,170,002,669
1994 $48,188,478,339 $530,183,651,720
1993 $41,155,654,032 $524,700,572,624
1992 $35,051,065,440 $630,465,353,486
1991 $30,071,014,282 $576,753,902,322
1990 $41,016,881,802 $536,175,326,477
1989 - $414,460,794,097
1988 - $375,891,716,898
1987 - $318,520,253,335
1986 - $251,141,555,186
1985 - $180,664,322,896
1984 - $171,979,977,230
1983 - $170,829,074,246
1982 - $195,856,752,991
1981 - $202,663,023,968
1980 - $232,600,556,974
1979 - $214,448,666,336
1978 - $160,484,969,618
1977 - $132,354,665,936
1976 - $118,422,534,195
1975 - $114,695,060,870
1974 - $97,204,522,642
1973 - $78,583,355,226
1972 - $59,090,176,029
1971 - $46,586,119,760
1970 - $40,963,715,237
1969 - $37,090,689,288
1968 - $32,394,326,464
1967 - $32,570,905,397
1966 - $29,559,436,183
1965 - $25,479,619,607
1964 - $21,966,876,027
1963 - $19,631,714,760
1962 - $16,609,632,791
1961 - $14,238,126,760
1960 - $12,424,514,014

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

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

GDP per capita in Czech Republic vs Spain by year

Czech Republic
GDP per capita

GDP per capita, PPP
Spain
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Spain
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $35,327 $57,965
2023 $31,762 $55,761 $33,493 $55,682
2022 $28,282 $52,947 $30,319 $51,399
2021 $27,696 $47,796 $30,799 $44,252
2020 $23,473 $44,839 $27,234 $39,328
2019 $24,063 $45,614 $29,787 $44,043
2018 $23,706 $41,638 $30,602 $41,015
2017 $20,913 $39,346 $28,381 $39,825
2016 $18,754 $36,445 $26,756 $37,613
2015 $17,932 $34,093 $25,982 $35,229
2014 $20,038 $32,743 $29,708 $33,761
2013 $20,260 $31,013 $29,229 $32,614
2012 $20,014 $29,466 $28,456 $31,870
2011 $22,049 $29,237 $31,825 $32,016
2010 $20,160 $28,154 $30,659 $31,805
2009 $19,817 $27,713 $32,280 $32,218
2008 $22,775 $27,938 $35,603 $33,350
2007 $18,453 $26,268 $32,652 $32,536
2006 $15,259 $23,914 $28,422 $30,749
2005 $13,442 $22,115 $26,451 $27,630
2004 $11,783 $20,988 $24,925 $26,160
2003 $9,852 $19,604 $21,522 $25,057
2002 $8,101 $18,344 $17,111 $24,378
2001 $6,669 $17,709 $15,368 $22,952
2000 $6,063 $16,332 $14,743 $21,582
1999 $6,378 $15,494 $15,708 $19,938
1998 $6,527 $15,064 $15,382 $19,083
1997 $6,069 $14,911 $14,722 $17,903
1996 $6,573 $14,781 $16,101 $16,971
1995 $5,865 $13,957 $15,461 $16,276
1994 $4,663 $12,862 $13,406 $15,582
1993 $3,984 $12,242 $13,330 $14,973
1992 $3,397 $11,963 $16,101 $14,855
1991 $2,917 $11,768 $14,801 $14,461
1990 $3,969 $12,848 $13,795 $13,676
1989 - - $10,674 -
1988 - - $9,696 -
1987 - - $8,234 -
1986 - - $6,509 -
1985 - - $4,696 -
1984 - - $4,487 -
1983 - - $4,475 -
1982 - - $5,156 -
1981 - - $5,367 -
1980 - - $6,204 -
1979 - - $5,766 -
1978 - - $4,353 -
1977 - - $3,625 -
1976 - - $3,277 -
1975 - - $3,208 -
1974 - - $2,748 -
1973 - - $2,246 -
1972 - - $1,708 -
1971 - - $1,361 -
1970 - - $1,211 -
1969 - - $1,109 -
1968 - - $978 -
1967 - - $997 -
1966 - - $916 -
1965 - - $797 -
1964 - - $695 -
1963 - - $627 -
1962 - - $535 -
1961 - - $463 -
1960 - - $408 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $35,327 in Spain, ranking 32/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Spain ranks 34th at $57,965.

Economic indicators

Czech Republic Spain
Gross domestic product
$347B
2024
$1.73T
2024
GDP rank
44/197
2024
15/197
2024
GDP growth
1.23%
2023-2024
3.46%
2023-2024
GDP per capita
$31,823
2024
$35,327
2024
GDP per capita rank
39/197
2024
32/197
2024
GDP per capita, PPP
$57,285
2024
$57,965
2024
GDP per capita PPP rank
35/197
2024
34/197
2024
Government debt
$150B
2024
$1.75T
2024
Debt-to-GDP ratio
43.3%
2024
101.6%
2024
Government debt per person
$13,792
2024
$35,909
2024
Government debt per person rank
43/185
2024
20/185
2024
Average annual personal income after taxes
$22,139
2026
$25,470
2026
Market capitalization of domestic companies
$34.6B
2024
$754B
2024
Number of millionaires n/a
1,202,000
2025
Number of billionaires
11
2025
34
2025
Income share by richest 10%
21.5%
2023
24.5%
2023
Income share by poorest 10%
3.8%
2023
2.2%
2023
Government expenditure, % of GDP
42.8%
2024
45.3%
2024
Consumer prices inflation
2.44%
2023-2024
2.77%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
11.3%
2024
Population
10649126
48806901

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Spain
Spending

Debt
1x
Year % of GDP
Czech Republic Spain
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 45.3% 101.6%
2023 43.7% 42.2% 45.5% 105.1%
2022 43% 42.5% 46.4% 109.2%
2021 45% 40.7% 49.5% 115.6%
2020 46.3% 36.9% 51.4% 119.2%
2019 40.4% 29.6% 42% 97.6%
2018 40.1% 31.7% 41.5% 99.7%
2017 38.5% 33.8% 41% 101.1%
2016 39.4% 36.2% 42.1% 102%
2015 41.7% 39.5% 43.7% 102.4%
2014 42.3% 41.5% 45.1% 104.4%
2013 42.4% 44.1% 46.2% 100%
2012 44.4% 43.8% 49.2% 89.6%
2011 42.8% 39.4% 45.9% 69.5%
2010 43.2% 36.7% 45.8% 60.3%
2009 44.5% 33.4% 46.1% 53.1%
2008 40.9% 28.2% 41.3% 39.6%
2007 40.5% 27.3% 39.2% 35.7%
2006 41.5% 27.6% 38.4% 39%
2005 42.3% 27.7% 38.4% 42.4%
2004 42.2% 28.3% 38.8% 45.3%
2003 49% 28.1% 38.4% 47.7%
2002 44.4% 25.7% 38.6% 51.2%
2001 43.1% 22.6% 38.4% 54.1%
2000 40.6% 16.9% 39.1% 57.8%
1999 40.9% 15.1% 40% 60.9%
1998 41.6% 13.9% 41% 62.4%
1997 41.3% 12.1% 41.5% 64.3%
1996 41.4% 11.5% 42.9% 65.4%
1995 52.8% 13.5% 44.1% 61.6%
1994 - - 44.8% 57%
1993 - - 46.3% 54.6%
1992 - - 43.9% 44.1%
1991 - - 42.6% 41.9%
1990 - - 41.1% 41.3%
1989 - - 32.1% 39.2%
1988 - - 28.6% 38.2%
1987 - - 31.1% 42.1%
1986 - - 28.4% 36.5%
1985 - - 27.6% 31.5%
1984 - - 27% 18.3%
1983 - - 26% 13.4%
1982 - - 21.5% 12%
1981 - - 18.1% 10.9%
1980 - - 16.3% 10.2%
1979 - - 14.3% 9.88%
1978 - - 14.3% 9.93%
1977 - - 12.8% 8.75%
1976 - - 11.5% 8.21%
1975 - - 11.4% 11.9%
1974 - - 11.4% 13.6%
1973 - - 9.88% 16.3%
1972 - - 12.5% 17.6%
1971 - - 14% 17.9%
1970 - - 12.3% 19.2%
1969 - - 12.3% 18.8%
1968 - - 12.8% 18.3%
1967 - - 12.5% 17.6%
1966 - - 11.8% 17.7%
1965 - - 14% 18.1%
1964 - - 12.7% 19.5%
1963 - - 12.4% 21%
1962 - - 10.6% 24.4%
1961 - - 9.97% 26.7%
1960 - - 11% 29.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Spain spent $782B, or 45.3% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 101.6% in Spain, ranking 124/185 and 21/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Spain
1x
Year Deficit/surplus, % of GDP
Czech Republic Spain
2024 -1.99% -3.15%
2023 -3.73% -3.52%
2022 -3.07% -4.63%
2021 -4.95% -6.66%
2020 -5.65% -10%
2019 0.28% -3.04%
2018 0.88% -2.58%
2017 1.46% -3.1%
2016 0.68% -4.26%
2015 -0.67% -5.26%
2014 -2.09% -6.07%
2013 -1.3% -7.49%
2012 -3.92% -11.5%
2011 -2.71% -9.69%
2010 -4.14% -9.49%
2009 -5.46% -11.2%
2008 -2% -4.56%
2007 -0.68% 1.88%
2006 -2.19% 2.12%
2005 -3.06% 1.23%
2004 -2.4% -0.1%
2003 -6.87% -0.37%
2002 -6.34% -0.32%
2001 -5.76% -0.45%
2000 -3.55% -1.16%
1999 -3.08% -1.24%
1998 -4.14% -2.63%
1997 -3.14% -3.86%
1996 -2.98% -5.87%
1995 -12.3% -6.79%
1994 - -6.31%
1993 - -6.89%
1992 - -4.26%
1991 - -4.58%
1990 - -3.9%
1989 - -3.24%
1988 - -2.95%
1987 - -3.52%
1986 - -5.18%
1985 - -6.04%
1984 - -5.25%
1983 - -4.77%
1982 - -5.76%
1981 - -2.88%
1980 - -2.55%
1979 - -1.51%
1978 - -1.63%
1977 - -0.24%
1976 - 0.43%
1975 - 0.26%
1974 - 0.11%
1973 - 1.09%
1972 - 0.24%
1971 - -0.96%
1970 - 0.09%
1969 - -0.06%
1968 - -0.55%
1967 - -0.32%
1966 - 0.07%
1965 - -0.04%
1964 - 0.18%
1963 - -0.54%
1962 - 1.27%
1961 - 1.9%
1960 - 0.69%
1959 - 0.54%
1958 - 0.23%
1957 - 1.13%
1956 - -0.05%
1955 - 0.6%
1954 - 0.7%
1953 - 1.02%
1952 - 0.81%
1951 - -0.24%
1950 - -0.44%
1949 - -0.35%
1948 - -1.21%
1947 - -1.09%
1946 - -2.24%
1945 - -4.56%
1944 - -5.44%
1943 - -7.73%
1942 - -2.48%
1941 - -4.34%
1940 - -3.54%
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -0.49%
1934 - -1.17%
1933 - -0.72%
1932 - -0.3%
1931 - 0.1%
1930 - 0.3%
1929 - -0.07%
1928 - -0.31%
1927 - -0.54%
1926 - -0.65%
1925 - -1.19%
1924 - -1.76%
1923 - -1.89%
1922 - -2.26%
1921 - -3.33%
1920 - -2.4%
1919 - -1.82%
1918 - -1.8%
1917 - -1.49%
1916 - -1.15%
1915 - -2.97%
1914 - -1.04%
1913 - -0.09%
1912 - -0.33%
1911 - 0.19%
1910 - 0.09%
1909 - -0.29%
1908 - 0.59%
1907 - 0.66%
1906 - 0.91%
1905 - 0.71%
1904 - 0.52%
1903 - 0.28%
1902 - 0.74%
1901 - 0.69%
1900 - 1.04%
1899 - 2.75%
1898 - 0.13%
1897 - -0.64%
1896 - 0.46%
1895 - 0.83%
1894 - -0.08%
1893 - 0.87%
1892 - -0.67%
1891 - -0.41%
1890 - -0.4%
1889 - -0.38%
1888 - -0.97%
1887 - -0.73%
1886 - -0.08%
1885 - -0.78%
1884 - -0.23%
1883 - -0.38%
1882 - 0.38%
1881 - 0.08%
1880 - -0.02%
1879 - -0.52%
1878 - -0.08%
1877 - 0.11%
1876 - 0.1%
1875 - -1.42%
1874 - -0.1%
1873 - 2.22%
1872 - -2.27%
1871 - -2.64%
1870 - -3.42%
1869 - -2.64%
1868 - -1.46%
1867 - -0.79%
1866 - -0.83%
1865 - -1.84%
1864 - -2.48%
1863 - -1.55%
1862 - -1.76%
1861 - -1.77%
1860 - -0.94%
1859 - 0.39%
1858 - -0.44%
1857 - -0.41%
1856 - -0.46%
1855 - -0.76%
1854 - -0.32%
1853 - -0.02%
1852 - -0.11%
1851 - -0.25%
1850 - 0.31%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1850–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Spain's deficit of $54.3B, or 3.15% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Spain ran a deficit in 27 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 4.13% of GDP for Spain.

Inflation comparison by year

Inflation
Czech Republic

Spain
1x
Year Consumer prices inflation
Czech Republic Spain
2024 2.44% 2.77%
2023 10.7% 3.53%
2022 15.1% 8.39%
2021 3.84% 3.09%
2020 3.16% -0.32%
2019 2.85% 0.7%
2018 2.15% 1.67%
2017 2.45% 1.96%
2016 0.68% -0.2%
2015 0.31% -0.5%
2014 0.34% -0.15%
2013 1.44% 1.41%
2012 3.29% 2.45%
2011 1.92% 3.2%
2010 1.47% 1.8%
2009 1.02% -0.29%
2008 6.36% 4.08%
2007 2.85% 2.79%
2006 2.53% 3.52%
2005 1.86% 3.37%
2004 2.76% 3.04%
2003 0.12% 3.04%
2002 1.9% 3.07%
2001 4.66% 3.59%
2000 3.78% 3.43%
1999 2.14% 2.31%
1998 10.7% 1.83%
1997 8.6% 1.97%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.34% in Spain. In 2024, inflation was 2.44% in the Czech Republic and 2.77% in Spain.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $4.9B
Textiles & consumer goods $540M
Transport & tourism services $502M
Chemicals & pharma $379M
Metals $233M
Raw materials & minerals $196M
Processed food, beverages & tobacco $179M
Business & finance services $111M
Wood & paper products $87.9M
IT & IP services $59.8M
Spain
Export category Export value
Machinery & equipment $1.59B
Chemicals & pharma $676M
Raw agricultural goods $402M
Animal & marine products $347M
Metals $314M
Textiles & consumer goods $289M
Processed food, beverages & tobacco $196M
Raw materials & minerals $144M
Wood & paper products $55.5M
Miscellaneous $50.8M

Balance of trade

Czech Republic Spain
Current account balance
$6.05B
2024
$54.9B
2024
Current account balance ranking
31/190
2024
13/190
2024
Current account balance, % of GDP
+1.74%
2024
+3.18%
2024
Goods imports
$179B
2024
$456B
2024
Goods exports
$197B
2024
$419B
2024
Service imports
$38B
2024
$111B
2024
Service exports
$42.5B
2024
$220B
2024
Imports of goods and services, % of GDP
62.6%
2024
32.9%
2024
Exports of goods and services, % of GDP
68.9%
2024
37.1%
2024

Economic freedom indices

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

Czech Republic Spain
Economic freedom 73.2 66.8
Economic freedom ranking 25/197 59/197
Property rights 89.8 88
Government integrity 64.7 64.2
Judicial effectiveness 92.1 74.3
Tax burden 78.8 58.2
Government spending 44.2 37.3
Fiscal health 82.5 57.3
Business freedom 76.8 82.6
Labor freedom 55.1 61.7
Monetary freedom 75 78.2
Trade freedom 79.4 79.4
Investment freedom 70 60
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Spain
1x
Year Economic freedom index
Czech Republic Spain
2026 73.2 66.8
2025 72.9 66.3
2024 70.2 63.3
2023 71.9 65
2022 74.4 68.2
2021 73.8 69.9
2020 74.8 66.9
2019 73.7 65.7
2018 74.2 65.1
2017 73.3 63.6
2016 73.2 68.5
2015 72.5 67.6
2014 72.2 67.2
2013 70.9 68
2012 69.9 69.1
2011 70.4 70.2
2010 69.8 69.6
2009 69.4 70.1
2008 68.1 69.1
2007 67.4 69.2
2006 66.4 68.2
2005 64.6 67
2004 67 68.9
2003 67.5 68.8
2002 66.5 68.8
2001 70.2 68.1
2000 68.6 65.9
1999 69.7 65.1
1998 68.4 62.6
1997 68.8 59.6
1996 68.1 59.6
1995 67.8 62.8

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 66.8 for Spain, ranking 59/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Spain
Services, % of GDP
60.2%
2024
68.9%
2024
Industry, % of GDP
29.2%
2024
19.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
2.75%
2024
GNI, Atlas method
$322B
2024
$1.64T
2024
GNI per capita, PPP
$54,800
2024
$57,670
2024
Total reserves including gold
$146B
2024
$108B
2024
Total reserves ranking
22/177
2024
26/177
2024
Net foreign direct investment
-$1.87B
2024
$28.7B
2024
Net inflows of foreign direct investment
$13.1B
2024
$42.8B
2024
Net outflows of foreign direct investment
$11.2B
2024
$71.5B
2024
Poverty at national poverty lines
10.2%
2021
20.2%
2022
Gross capital formation, % of GDP
26.3%
2024
21.2%
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/czech-republic/spain | 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 (1850–1989, 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. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.

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.