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Economy of Denmark vs Lesotho compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $2.27B for Lesotho, ranking 37/197 and 175/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $1.29B (56.8% of GDP) in Lesotho.

Denmark vs Lesotho GDP by year

Denmark
Lesotho
1x
Year GDP, current $
Denmark Lesotho
2024 $424,524,722,037 $2,271,759,455
2023 $404,651,706,118 $2,117,962,445
2022 $400,114,306,337 $2,354,980,960
2021 $406,110,162,088 $2,412,130,057
2020 $355,631,021,932 $2,053,699,864
2019 $345,401,473,013 $2,390,702,296
2018 $355,293,374,912 $2,556,247,292
2017 $331,610,593,962 $2,306,741,672
2016 $312,181,849,372 $2,114,426,452
2015 $301,758,922,338 $2,359,686,725
2014 $352,832,602,064 $2,441,063,054
2013 $344,631,016,965 $2,367,112,932
2012 $326,792,574,245 $2,477,702,216
2011 $344,315,595,263 $2,579,409,620
2010 $322,345,594,075 $2,234,754,242
2009 $322,619,152,195 $1,740,894,965
2008 $354,979,471,960 $1,766,902,709
2007 $320,213,157,595 $1,682,131,785
2006 $283,386,151,544 $1,800,092,564
2005 $265,150,087,712 $1,682,343,527
2004 $251,986,155,631 $1,511,236,656
2003 $218,421,193,436 $1,157,825,435
2002 $178,788,209,558 $775,777,239
2001 $164,881,594,415 $825,706,961
2000 $164,043,817,224 $887,291,688
1999 $177,887,720,536 $912,773,681
1998 $176,877,077,513 $928,460,893
1997 $173,241,365,735 $998,004,259
1996 $187,481,157,846 $946,112,493
1995 $184,848,481,008 $1,001,894,000
1994 $156,017,919,221 $878,250,945
1993 $143,111,306,004 $835,582,062
1992 $152,966,494,260 $831,029,862
1991 $139,180,507,778 $704,325,367
1990 $138,217,740,684 $596,410,264
1989 $112,312,200,761 $495,409,233
1988 $115,540,189,705 $470,395,801
1987 $109,183,446,340 $402,768,324
1986 $87,748,695,217 $318,858,423
1985 $62,452,421,011 $268,629,926
1984 $58,868,891,335 $333,163,670
1983 $60,331,158,447 $386,699,309
1982 $60,084,214,872 $348,741,684
1981 $61,459,941,461 $434,188,034
1980 $70,811,287,816 $431,542,537
1979 $70,393,030,603 $290,134,593
1978 $60,320,089,218 $266,570,067
1977 $49,711,709,588 $193,315,048
1976 $44,503,607,444 $147,660,037
1975 $40,418,967,666 $149,558,896
1974 $34,125,712,481 $150,851,317
1973 $30,718,181,337 $121,188,716
1972 $23,230,667,549 $80,913,200
1971 $19,086,192,720 $76,480,285
1970 $17,075,457,733 $68,739,973
1969 $15,414,902,667 $65,967,974
1968 $13,505,574,133 $61,445,975
1967 $13,059,064,806 $59,261,976
1966 $11,931,740,293 $56,699,977
1965 $10,870,670,865 $54,879,978
1964 $9,677,401,337 $51,939,979
1963 $8,466,044,980 $47,039,981
1962 $7,953,274,741 $41,859,983
1961 $7,058,361,229 $35,699,986
1960 $6,361,166,545 $34,579,986

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

GeoRank.org/economy/denmark/lesotho | CC BY

GDP per capita in Denmark vs Lesotho by year

Denmark
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 $972 $3,001
2023 $68,044 $77,892 $916 $2,881
2022 $67,781 $78,914 $1,030 $2,761
2021 $69,341 $69,715 $1,067 $2,545
2020 $60,985 $62,682 $919 $2,559
2019 $59,404 $60,595 $1,082 $2,568
2018 $61,325 $57,234 $1,171 $2,632
2017 $57,522 $55,272 $1,069 $2,619
2016 $54,501 $51,821 $992 $2,942
2015 $53,094 $48,897 $1,121 $3,035
2014 $62,520 $47,880 $1,174 $2,771
2013 $61,378 $46,869 $1,151 $2,538
2012 $58,444 $44,755 $1,218 $2,291
2011 $61,810 $44,444 $1,281 $2,279
2010 $58,105 $43,038 $1,119 $2,153
2009 $58,413 $40,524 $879 $2,036
2008 $64,617 $41,467 $898 $2,064
2007 $58,632 $39,110 $861 $1,932
2006 $52,119 $37,392 $925 $1,813
2005 $48,926 $34,238 $861 $1,681
2004 $46,625 $33,016 $767 $1,561
2003 $40,519 $30,864 $583 $1,484
2002 $33,257 $30,667 $389 $1,385
2001 $30,768 $29,459 $413 $1,350
2000 $30,722 $28,648 $443 $1,273
1999 $33,426 $26,642 $456 $1,199
1998 $33,346 $25,799 $465 $1,179
1997 $32,780 $24,887 $502 $1,154
1996 $35,622 $23,723 $480 $1,103
1995 $35,321 $22,677 $513 $1,037
1994 $29,968 $21,669 $456 $995
1993 $27,582 $20,217 $439 $932
1992 $29,579 $19,830 $444 $893
1991 $27,003 $19,067 $382 $830
1990 $26,886 $18,225 $330 $764
1989 $21,882 - $279 -
1988 $22,525 - $270.4 -
1987 $21,296 - $236.5 -
1986 $17,137 - $191.4 -
1985 $12,213 - $165.4 -
1984 $11,517 - $211 -
1983 $11,797 - $252 -
1982 $11,740 - $233.9 -
1981 $12,000 - $299.8 -
1980 $13,822 - $307 -
1979 $13,757 - $212.4 -
1978 $11,818 - $200.8 -
1977 $9,770 - $149.9 -
1976 $8,773 - $117.8 -
1975 $7,988 - $123.2 -
1974 $6,764 - $128.7 -
1973 $6,117 - $107 -
1972 $4,654 - $74 -
1971 $3,846 - $72.4 -
1970 $3,464 - $67.4 -
1969 $3,151 - $67.1 -
1968 $2,776 - $64.8 -
1967 $2,701 - $64.8 -
1966 $2,487 - $64.3 -
1965 $2,284 - $64.3 -
1964 $2,049 - $62.6 -
1963 $1,807 - $58.4 -
1962 $1,711 - $53.5 -
1961 $1,531 - $47 -
1960 $1,389 - $47 -

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

GeoRank.org/economy/denmark/lesotho | CC BY

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $972 in Lesotho, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Lesotho ranks 180th at $3,001.

Economic indicators

Denmark Lesotho
Gross domestic product
$425B
2024
$2.27B
2024
GDP rank
37/197
2024
175/197
2024
GDP growth
3.48%
2023-2024
2.85%
2023-2024
GDP per capita
$71,026
2024
$972
2024
GDP per capita rank
12/197
2024
181/197
2024
GDP per capita, PPP
$81,878
2024
$3,001
2024
GDP per capita PPP rank
14/197
2024
180/197
2024
Government debt
$134B
2024
$1.29B
2024
Debt-to-GDP ratio
31.5%
2024
56.8%
2024
Government debt per person
$22,340
2024
$552
2024
Government debt per person rank
30/185
2024
164/185
2024
Average annual personal income after taxes
$53,468
2026
$6,545
2026
Market capitalization of domestic companies
$151B
2004
n/a
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
25.5%
2023
32.9%
2017
Income share by poorest 10%
3.6%
2023
1.7%
2017
Government expenditure, % of GDP
47.3%
2024
53.5%
2024
Consumer prices inflation
1.37%
2023-2024
6.11%
2023-2024
Central bank interest rate
1.6%
2025
6.5%
2025
Unemployment rate
6.15%
2024
18.7%
2024
Population
6032403
2396633

Spending and national debt comparison by year

Denmark
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Denmark Lesotho
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 53.5% 56.8%
2023 47.4% 33.8% 49.4% 61.5%
2022 45.1% 34.2% 50.8% 64.4%
2021 49.7% 40.7% 53.8% 58%
2020 53.3% 46.3% 54.4% 54.7%
2019 49.8% 38.3% 53.6% 58.2%
2018 50.8% 38.5% 51.9% 48.2%
2017 50.6% 40.2% 50.4% 41%
2016 52.4% 41.7% 54.1% 41.5%
2015 54.4% 44.6% 51.7% 45.8%
2014 55.1% 48.7% 50.1% 41.5%
2013 55.6% 47.8% 58.4% 41.2%
2012 57.9% 48.7% 58.1% 39.8%
2011 56.3% 50% 60.2% 36.2%
2010 56.5% 46.1% 55.3% 33.8%
2009 56.3% 43% 66.4% 35.9%
2008 50.3% 35.5% 54.1% 47%
2007 49.5% 29.5% 48.1% 49.6%
2006 49.7% 33.2% 43.2% 43.7%
2005 51.1% 39.4% 37.6% 41%
2004 52.8% 46.2% 36.3% 49.4%
2003 53.5% 48.2% 39.8% 52.6%
2002 53.1% 50.3% 41.2% 79.6%
2001 53% 50.1% 41.4% 108.7%
2000 52.9% 53.6% 39.3% 88.5%
1999 54.7% 56.8% 50.8% 83%
1998 55.6% 60.3% 51.4% 79.4%
1997 56.2% 64.4% 44.6% 65.7%
1996 58.2% 68.3% 41.5% 71.6%
1995 58.7% 71.5% 42.1% 62.8%
1994 59.5% 75.3% 40.2% 67%
1993 59.5% 78.7% 36% 71.2%
1992 56.4% 66.7% 35.3% 64.4%
1991 55.5% 63.2% 31.3% 11.9%
1990 55.1% 62.4% 32.9% 18%
1989 56.2% 62.2% 35.8% 112.5%
1988 56.1% 64.7% 35.3% 105.2%
1987 54% 62.5% 40.3% 97.4%
1986 52.3% 66.8% 33.2% 92.5%
1985 55.5% 74.7% 32.8% 86.3%
1984 56.6% 77.7% 26.8% 57.2%
1983 57.9% 74.2% 27.2% 56.7%
1982 57.7% 64.5% 29.9% 61.4%
1981 56.3% 51.7% - -
1980 52.7% 39.2% - -
1979 49.6% 31.8% - -
1978 47.2% 25.5% - -
1977 45.6% 15.2% - -
1976 45% 11.4% - -
1975 45.3% 7.01% - -
1974 43.6% 6.2% - -
1973 39.5% 8.94% - -
1972 42.1% 11.5% - -
1971 42.2% 12.9% - -
1970 24.4% 7.62% - -
1969 25.3% 8.36% - -
1968 24.3% 9.36% - -
1967 22.2% 10.1% - -
1966 21.1% 11.2% - -
1965 17.1% 12.9% - -
1964 17.6% 14.5% - -
1963 18.2% 13.7% - -
1962 17% 15.3% - -
1961 15.6% 16.4% - -
1960 16.4% 20.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1991, retrieved 2026-02-20).

GeoRank.org/economy/denmark/lesotho | CC BY

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Lesotho spent $1.22B, or 53.5% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 56.8% in Lesotho, ranking 155/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Lesotho
1x
Year Deficit/surplus, % of GDP
Denmark Lesotho
2024 4.46% 9.04%
2023 3.43% 7.31%
2022 3.39% -6.41%
2021 4.12% -4.95%
2020 0.36% 1.18%
2019 4.28% -5.72%
2018 0.81% -4.41%
2017 1.69% -2.02%
2016 0.3% -9.43%
2015 -0.9% -1.38%
2014 1.43% 3.16%
2013 -0.94% -2.58%
2012 -3.2% 4.56%
2011 -1.77% -9.85%
2010 -2.52% -1.49%
2009 -2.75% -4.16%
2008 3.46% 8.1%
2007 5.31% 10.8%
2006 5.29% 11.6%
2005 5.2% 4.46%
2004 2.23% 6.05%
2003 0.14% 0.89%
2002 0.25% -2.44%
2001 1.13% -2.76%
2000 1.79% -0.95%
1999 1.06% -15.3%
1998 -0.28% -11.8%
1997 -1.22% 0.27%
1996 -2.4% 2.11%
1995 -3.5% 5.13%
1994 -3.85% 5.69%
1993 -3.73% 7.55%
1992 -2.6% 4.65%
1991 -3.15% 9.74%
1990 -1.78% 8.78%
1989 0.3% 3.88%
1988 1.46% -1.87%
1987 2.46% -2.85%
1986 3.23% 0.87%
1985 -1.38% 1.68%
1984 -3.58% 4.82%
1983 -6.29% 1.85%
1982 -8.22% -2.03%
1981 -5.84% -
1980 -2.32% -
1979 -0.69% -
1978 0.41% -
1977 0.37% -
1976 0.19% -
1975 -1.23% -
1974 3.7% -
1973 4.97% -
1972 5.01% -
1971 4.96% -
1970 0.7% -
1969 0.3% -
1968 -0.06% -
1967 1.49% -
1966 0.99% -
1965 2.13% -
1964 1.79% -
1963 1.2% -
1962 -0.09% -
1961 1.73% -
1960 1.25% -
1959 0.79% -
1958 0.25% -
1957 0.26% -
1956 -0.01% -
1955 -1.17% -
1954 -0.84% -
1953 1.75% -
1952 1.18% -
1951 0.79% -
1950 1.08% -
1949 0.63% -
1948 1.07% -
1947 0.84% -
1946 2.69% -
1945 -1.03% -
1944 0% -
1943 0% -
1942 0% -
1941 0% -
1940 0% -
1939 0% -
1938 0.03% -
1937 0.22% -
1936 -1.36% -
1935 -0.97% -
1934 0.03% -
1933 1.69% -
1932 -3.22% -
1931 -1.67% -
1930 0.03% -
1929 0.13% -
1928 -4.99% -
1927 -2.33% -
1926 -0.48% -
1925 -3.1% -
1924 -0.8% -
1923 -0.56% -
1922 -1.33% -
1921 -2.41% -
1920 -0.46% -
1919 -0.38% -
1918 1.95% -
1917 3.1% -
1916 1.51% -
1915 -0.48% -
1914 0.43% -
1913 0.07% -
1912 0.13% -
1911 -1.02% -
1910 -1.72% -
1909 -2.49% -
1908 -0.82% -
1907 0.26% -
1906 -0.42% -
1905 0.22% -
1904 -0.1% -
1903 0.03% -
1902 -0.06% -
1901 -0.71% -
1900 -0.84% -
1899 -0.59% -
1898 -0.43% -
1897 -0.61% -
1896 -0.07% -
1895 -0.17% -
1894 -0.26% -
1893 -0.42% -
1892 -0.73% -
1891 -0.76% -
1890 -0.97% -
1889 -0.55% -
1888 -0.49% -
1887 -0.68% -
1886 -0.39% -
1885 0.48% -
1884 1.2% -
1883 0.73% -
1882 0.35% -
1881 0.42% -
1880 -2.65% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/denmark/lesotho | CC BY

In 2024, Denmark's government surplus, the difference between spending and revenue, was $18.9B, equivalent to 4.46% of GDP. This compares to Lesotho's surplus of $205M, or 9.04% of GDP.

Over the past 43 years, Denmark recorded a fiscal deficit in 19 of those years, while Lesotho ran a deficit in 19 years. On average, Denmark posted an annual surplus equal to 0.08% of GDP, compared to surplus of 0.74% of GDP for Lesotho.

Inflation comparison by year

Inflation
Denmark

Lesotho
1x
Year Consumer prices inflation
Denmark Lesotho
2024 1.37% 6.11%
2023 3.31% 6.34%
2022 7.7% 8.27%
2021 1.85% 6.05%
2020 0.42% 4.98%
2019 0.76% 5.19%
2018 0.81% 4.75%
2017 1.15% 4.45%
2016 0.25% 6.6%
2015 0.45% 3.22%
2014 0.56% 5.37%
2013 0.79% 4.87%
2012 2.4% 6.05%
2011 2.76% 5.04%
2010 2.31% -2.41%
2009 1.3% -16.9%
2008 3.42% 10.7%
2007 1.69% 8.01%
2006 1.92% 6.07%
2005 1.82% 3.44%
2004 1.15% 5.02%
2003 2.08% 6.63%
2002 2.42% 33.8%
2001 2.34% -9.62%
2000 2.9% 6.13%
1999 2.5% -
1998 1.85% -
1997 2.18% -

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

GeoRank.org/economy/denmark/lesotho | CC BY

Over the past 25 years, Denmark has recorded an average annual inflation rate of 1.92%, compared with 5.13% in Lesotho. In 2024, inflation was 1.37% in Denmark and 6.11% in Lesotho.

Top exports between countries

Denmark
Export category Export value
Machinery & equipment $126K
Animal & marine products $42K
Wood & paper products $26K
Chemicals & pharma $19K
Miscellaneous $4K
Textiles & consumer goods $2K
Lesotho
Export category Export value

Balance of trade

Denmark Lesotho
Current account balance
$52.1B
2024
$89.2M
2024
Current account balance ranking
14/190
2024
68/190
2024
Current account balance, % of GDP
+12.3%
2024
+3.93%
2024
Goods imports
$132B
2024
$1.67B
2024
Goods exports
$172B
2024
$965M
2024
Service imports
$125B
2024
$415M
2024
Service exports
$129B
2024
$15.4M
2024
Imports of goods and services, % of GDP
60.8%
2024
98.6%
2023
Exports of goods and services, % of GDP
71%
2024
42.9%
2023

Economic freedom indices

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

Denmark Lesotho
Economic freedom 79 54.9
Economic freedom ranking 8/197 130/197
Property rights 99.9 41.7
Government integrity 98 39.6
Judicial effectiveness 89.3 43.6
Tax burden 43.4 76.4
Government spending 34.8 21.3
Fiscal health 98 93.5
Business freedom 90.4 50.6
Labor freedom 65 57
Monetary freedom 80.1 74.8
Trade freedom 79.4 65.4
Investment freedom 90 55
Financial freedom 80 40

Economic freedom comparison by year

Denmark
Lesotho
1x
Year Economic freedom index
Denmark Lesotho
2026 79 54.9
2025 79.1 54.1
2024 77.8 51.9
2023 77.6 51.6
2022 78 48.1
2021 77.8 53.5
2020 78.3 54.5
2019 76.7 53.1
2018 76.6 53.9
2017 75.1 53.9
2016 75.3 50.6
2015 76.3 49.6
2014 76.1 49.5
2013 76.1 47.9
2012 76.2 46.6
2011 78.6 47.5
2010 77.9 48.1
2009 79.6 49.7
2008 79.2 52.1
2007 77 53.2
2006 75.4 54.7
2005 75.3 53.9
2004 72.4 50.3
2003 73.2 52
2002 71.1 48.9
2001 68.3 50.6
2000 68.3 48.4
1999 68.1 48.2
1998 67.5 48.4
1997 67.5 47.2
1996 67.3 47

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/denmark/lesotho | CC BY

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Lesotho
Services, % of GDP
63.5%
2024
48%
2024
Industry, % of GDP
24.1%
2024
30.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
6.5%
2024
GNI, Atlas method
$434B
2024
$2.75B
2024
GNI per capita, PPP
$84,680
2024
$3,580
2024
Total reserves including gold
$108B
2024
$1.01B
2024
Total reserves ranking
25/177
2024
142/177
2024
Net foreign direct investment
$11.9B
2024
$12.6M
2024
Net inflows of foreign direct investment
$18.5B
2024
-$12.6M
2024
Net outflows of foreign direct investment
$30.7B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
4.06%
2024
Poverty at national poverty lines
12.4%
2021
49.7%
2017
Gross capital formation, % of GDP
23.2%
2024
27.2%
2023

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/denmark/lesotho | 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 (1880–1991, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.