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Economy of Denmark vs Nepal compared: GDP & Debt

Updated on by Georank

Denmark has a GDP of $463B compared to $45.5B for Nepal, ranking 36/197 and 102/197 by economy size, respectively.

Denmark has $127B in government debt (27.5% of GDP), compared to $21.9B (48.1% of GDP) in Nepal.

Denmark vs Nepal GDP by year

Denmark
Nepal
1x
Year GDP, current $
Denmark Nepal
2025 $462,526,660,468 $45,489,810,283
2024 $424,524,722,037 $43,298,911,700
2023 $404,651,706,118 $41,049,329,851
2022 $400,114,306,337 $41,182,939,520
2021 $406,110,162,088 $36,924,841,394
2020 $355,631,021,932 $33,433,659,301
2019 $345,401,473,013 $34,186,180,699
2018 $355,293,374,912 $33,111,525,237
2017 $331,610,593,962 $28,971,588,940
2016 $312,181,849,372 $24,524,109,484
2015 $301,758,922,338 $24,360,801,287
2014 $352,832,602,064 $22,731,612,922
2013 $344,631,016,965 $22,162,204,925
2012 $326,792,574,245 $21,703,100,877
2011 $344,315,595,263 $21,573,872,421
2010 $322,345,594,075 $16,002,656,434
2009 $322,619,152,195 $12,854,985,464
2008 $354,979,471,960 $12,545,438,605
2007 $320,213,157,595 $10,325,618,017
2006 $283,386,151,544 $9,043,715,356
2005 $265,150,087,712 $8,130,258,378
2004 $251,986,155,631 $7,273,938,315
2003 $218,421,193,436 $6,330,473,097
2002 $178,788,209,558 $6,050,875,807
2001 $164,881,594,415 $6,007,055,042
2000 $164,043,817,224 $5,494,252,208
1999 $177,887,720,536 $5,033,642,384
1998 $176,877,077,513 $4,856,255,044
1997 $173,241,365,735 $4,918,691,917
1996 $187,481,157,846 $4,521,580,381
1995 $184,848,481,008 $4,401,104,418
1994 $156,017,919,221 $4,066,775,510
1993 $143,111,306,004 $3,660,041,667
1992 $152,966,494,260 $3,401,211,581
1991 $139,180,507,778 $3,921,476,085
1990 $138,217,740,684 $3,627,560,239
1989 $112,312,200,761 $3,525,225,787
1988 $115,540,189,705 $3,487,009,748
1987 $109,183,446,340 $2,957,255,380
1986 $87,748,695,217 $2,850,782,044
1985 $62,452,421,011 $2,619,913,956
1984 $58,868,891,335 $2,581,207,388
1983 $60,331,158,447 $2,447,174,803
1982 $60,084,214,872 $2,395,423,742
1981 $61,459,941,461 $2,275,583,317
1980 $70,811,287,816 $1,945,916,583
1979 $70,393,030,603 $1,851,250,008
1978 $60,320,089,218 $1,604,162,497
1977 $49,711,709,588 $1,382,400,000
1976 $44,503,607,444 $1,452,788,985
1975 $40,418,967,666 $1,575,789,254
1974 $34,125,712,481 $1,217,953,547
1973 $30,718,181,337 $972,101,725
1972 $23,230,667,549 $1,024,098,400
1971 $19,086,192,720 $882,765,472
1970 $17,075,457,733 $865,975,309
1969 $15,414,902,667 $788,641,965
1968 $13,505,574,133 $772,231,387
1967 $13,059,064,806 $841,974,025
1966 $11,931,740,293 $906,811,944
1965 $10,870,670,865 $735,267,082
1964 $9,677,401,337 $496,098,775
1963 $8,466,044,980 $496,947,904
1962 $7,953,274,741 $574,091,101
1961 $7,058,361,229 $531,959,562
1960 $6,361,166,545 $508,334,414

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

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

GDP per capita in Denmark vs Nepal by year

Denmark
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $76,970 - $1,536 -
2024 $71,026 $81,878 $1,460 $5,737
2023 $68,044 $77,892 $1,382 $5,395
2022 $67,781 $78,914 $1,386 $5,103
2021 $69,341 $69,715 $1,253 $4,546
2020 $60,985 $62,682 $1,154 $4,236
2019 $59,404 $60,595 $1,203 $4,261
2018 $61,325 $57,234 $1,179 $3,956
2017 $57,522 $55,272 $1,034 $3,605
2016 $54,501 $51,821 $877 $2,976
2015 $53,094 $48,897 $876 $2,957
2014 $62,520 $47,880 $821 $2,901
2013 $61,378 $46,869 $803 $2,658
2012 $58,444 $44,755 $788 $2,466
2011 $61,810 $44,444 $786 $2,248
2010 $58,105 $43,038 $585 $2,139
2009 $58,413 $40,524 $473 $2,029
2008 $64,617 $41,467 $465 $1,942
2007 $58,632 $39,110 $385 $1,809
2006 $52,119 $37,392 $340 $1,718
2005 $48,926 $34,238 $309 $1,628
2004 $46,625 $33,016 $279.6 $1,542
2003 $40,519 $30,864 $246.4 $1,453
2002 $33,257 $30,667 $238.9 $1,390
2001 $30,768 $29,459 $240.8 $1,388
2000 $30,722 $28,648 $223.8 $1,317
1999 $33,426 $26,642 $208.6 $1,234
1998 $33,346 $25,799 $205.1 $1,187
1997 $32,780 $24,887 $211.8 $1,162
1996 $35,622 $23,723 $198.8 $1,110
1995 $35,321 $22,677 $197.8 $1,058
1994 $29,968 $21,669 $187.3 $1,026
1993 $27,582 $20,217 $172.8 $952
1992 $29,579 $19,830 $165 $920
1991 $27,003 $19,067 $195.7 $889
1990 $26,886 $18,225 $185.8 $830
1989 $21,882 - $185 -
1988 $22,525 - $187.1 -
1987 $21,296 - $162 -
1986 $17,137 - $159.5 -
1985 $12,213 - $149.9 -
1984 $11,517 - $151.1 -
1983 $11,797 - $146.6 -
1982 $11,740 - $147 -
1981 $12,000 - $142.9 -
1980 $13,822 - $125.1 -
1979 $13,757 - $121.9 -
1978 $11,818 - $108.1 -
1977 $9,770 - $95.3 -
1976 $8,773 - $102.5 -
1975 $7,988 - $113.6 -
1974 $6,764 - $89.8 -
1973 $6,117 - $73.2 -
1972 $4,654 - $78.8 -
1971 $3,846 - $69.5 -
1970 $3,464 - $69.6 -
1969 $3,151 - $64.8 -
1968 $2,776 - $64.9 -
1967 $2,701 - $72.3 -
1966 $2,487 - $79.5 -
1965 $2,284 - $65.8 -
1964 $2,049 - $45.3 -
1963 $1,807 - $46.3 -
1962 $1,711 - $54.6 -
1961 $1,531 - $51.6 -
1960 $1,389 - $50.2 -

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

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

Denmark's GDP per capita is $76,970, ranking 11/197, compared to $1,536 in Nepal, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Nepal ranks 155th at $5,737.

Economic indicators

Denmark Nepal
Gross domestic product
$463B
2025
$45.5B
2025
GDP rank
36/197
2025
102/197
2025
GDP growth
2.93%
2024-2025
4.43%
2024-2025
GDP per capita
$76,970
2025
$1,536
2025
GDP per capita rank
11/197
2025
165/197
2025
GDP per capita, PPP
$81,878
2024
$5,737
2024
GDP per capita PPP rank
14/197
2024
155/197
2024
Government debt
$127B
2025
$21.9B
2025
Debt-to-GDP ratio
27.5%
2025
48.1%
2025
Government debt per person
$21,192
2025
$740
2025
Government debt per person rank
32/185
2025
154/185
2025
Average annual personal income after taxes
$52,602
2026
$1,743
2026
Market capitalization of domestic companies
$151B
2004
n/a
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2026
2
2026
Income share by richest 10%
25.5%
2023
24.2%
2022
Income share by poorest 10%
3.6%
2023
3.7%
2022
Government expenditure, % of GDP
47.6%
2025
21.8%
2025
Consumer prices inflation
1.89%
2024-2025
2.65%
2024-2025
Central bank interest rate
1.6%
2025
n/a
Unemployment rate
6.4%
2025
10.7%
2017
Population
6042125
29619950

Spending and national debt comparison by year

Denmark
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Denmark Nepal
Government spending Government debt Government spending Government debt
2025 47.6% 27.5% 21.8% 48.1%
2024 47.3% 30.5% 21.8% 48.3%
2023 47.4% 33% 25.1% 47%
2022 45.1% 33.3% 26.1% 42.7%
2021 49.7% 39.6% 27.2% 43.3%
2020 53.3% 45.2% 28.5% 43.3%
2019 49.8% 38.3% 27.1% 34%
2018 50.8% 38.5% 28% 31.1%
2017 50.6% 40.2% 23.6% 25%
2016 52.4% 41.7% 19% 25%
2015 54.4% 44.6% 17.7% 25.7%
2014 55.1% 48.7% 16.6% 27.6%
2013 55.6% 47.8% 15.5% 31.9%
2012 57.9% 48.7% 16.8% 34.5%
2011 56.3% 50% 16.3% 32.4%
2010 56.5% 46.1% 16.5% 35.4%
2009 56.3% 43% 17% 39.5%
2008 50.3% 35.5% 13.4% 36.8%
2007 49.5% 29.5% 13.1% 37.9%
2006 49.7% 33.2% 11.2% 42.9%
2005 51.1% 39.4% 12% 45.1%
2004 52.8% 46.2% 11.8% 51.3%
2003 53.5% 48.2% 12% 53%
2002 53.1% 50.3% 13% 51.8%
2001 53% 50.1% 12.9% 50.8%
2000 52.9% 53.6% 11.4% 50.8%
1999 54.7% 56.8% - -
1998 55.6% 60.3% - -
1997 56.2% 64.4% - -
1996 58.2% 68.3% - -
1995 58.7% 71.5% - -
1994 59.5% 75.3% - -
1993 59.5% 78.7% - -
1992 56.4% 66.7% - -
1991 55.5% 63.2% - -
1990 55.1% 62.4% - -
1989 56.2% 62.2% - -
1988 56.1% 64.7% - -
1987 54% 62.5% - -
1986 52.3% 66.8% - -
1985 55.5% 74.7% - -
1984 56.6% 77.7% - -
1983 57.9% 74.2% - -
1982 57.7% 64.5% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1991, retrieved 2026-07-08).

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

In 2025, Denmark's government spending was $220B, accounting for 47.6% of its GDP, while Nepal spent $9.93B, or 21.8% of GDP.

Debt-to-GDP ratio is 27.5% in Denmark and 48.1% in Nepal, ranking 161/185 and 110/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Nepal
1x
Year Deficit/surplus, % of GDP
Denmark Nepal
2025 2.85% -1.86%
2024 4.46% -2.46%
2023 3.43% -5.81%
2022 3.39% -3.12%
2021 4.08% -3.98%
2020 0.36% -7.47%
2019 4.28% -4.27%
2018 0.81% -5.83%
2017 1.69% -2.69%
2016 0.3% 1.2%
2015 -0.9% 0.46%
2014 1.43% 1.36%
2013 -0.94% 1.57%
2012 -3.2% -1.18%
2011 -1.77% -0.72%
2010 -2.52% -0.67%
2009 -2.75% -2.24%
2008 3.46% -0.29%
2007 5.31% -0.67%
2006 5.29% 0.24%
2005 5.2% 0.24%
2004 2.23% -0.14%
2003 0.14% -0.34%
2002 0.25% -2.46%
2001 1.13% -2.35%
2000 1.79% -1.48%
1999 1.06% -
1998 -0.28% -
1997 -1.22% -
1996 -2.4% -
1995 -3.5% -
1994 -3.85% -
1993 -3.73% -
1992 -2.6% -
1991 -3.15% -
1990 -1.78% -
1989 0.3% -
1988 1.46% -
1987 2.46% -
1986 3.23% -
1985 -1.38% -
1984 -3.58% -
1983 -6.29% -
1982 -8.22% -
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Denmark's government surplus, the difference between spending and revenue, was $13.2B, equivalent to 2.85% of GDP. This compares to Nepal's deficit of $845M, or 1.86% of GDP.

Over the past 26 years, Denmark recorded a fiscal deficit in 6 of those years, while Nepal ran a deficit in 20 years. On average, Denmark posted an annual surplus equal to 1.53% of GDP, compared to deficit of 1.73% of GDP for Nepal.

Inflation comparison by year

Inflation
Denmark

Nepal
1x
Year Consumer prices inflation
Denmark Nepal
2025 1.89% 2.65%
2024 1.37% 4.69%
2023 3.31% 7.12%
2022 7.7% 7.67%
2021 1.85% 4.13%
2020 0.42% 5.06%
2019 0.76% 5.57%
2018 0.81% 4.41%
2017 1.15% 2.78%
2016 0.25% 8.79%
2015 0.45% 7.87%
2014 0.56% 8.36%
2013 0.79% 9.04%
2012 2.4% 9.46%
2011 2.76% 9.23%
2010 2.31% 9.33%
2009 1.3% 11.1%
2008 3.42% 9.91%
2007 1.69% 2.27%
2006 1.92% 6.92%
2005 1.82% 6.84%
2004 1.15% 2.84%
2003 2.08% 5.71%
2002 2.42% 3.03%
2001 2.34% 2.69%
2000 2.9% 2.48%
1999 2.5% 7.45%
1998 1.85% 11.2%
1997 2.18% 4.01%

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

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

Over the past 29 years, Denmark has recorded an average annual inflation rate of 1.94%, compared with 6.3% in Nepal. In 2025, inflation was 1.89% in Denmark and 2.65% in Nepal.

Top exports between countries

Denmark
Export category Export value
Machinery & equipment $1.65M
Raw agricultural goods $361K
Chemicals & pharma $294K
Animal & marine products $185K
Processed food, beverages & tobacco $131K
Textiles & consumer goods $131K
Wood & paper products $24K
Miscellaneous $14K
Raw materials & minerals $11K
Precious metals & jewellery $9K
Nepal
Export category Export value
Textiles & consumer goods $7.06M
Precious metals & jewellery $125K
Raw agricultural goods $76K
Processed food, beverages & tobacco $32K
Machinery & equipment $28K
Chemicals & pharma $11K
Wood & paper products $10K
Metals $8K

Balance of trade

Denmark Nepal
Current account balance
$51.8B
2024
$1.68B
2024
Current account balance ranking
13/190
2024
47/190
2024
Current account balance, % of GDP
+12.2%
2024
+3.88%
2024
Goods imports
$132B
2024
$12.1B
2024
Goods exports
$172B
2024
$1.54B
2024
Service imports
$125B
2024
$2.27B
2024
Service exports
$129B
2024
$1.9B
2024
Imports of goods and services, % of GDP
59.1%
2025
33.7%
2025
Exports of goods and services, % of GDP
70.1%
2025
8.83%
2025

Economic freedom indices

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

Denmark Nepal
Economic freedom 79 52.9
Economic freedom ranking 8/197 144/197
Property rights 99.9 38.8
Government integrity 98 38.9
Judicial effectiveness 89.3 42.9
Tax burden 43.4 84.3
Government spending 34.8 82.1
Fiscal health 98 71
Business freedom 90.4 60.8
Labor freedom 65 48.2
Monetary freedom 80.1 69.4
Trade freedom 79.4 58.6
Investment freedom 90 10
Financial freedom 80 30

Economic freedom comparison by year

Denmark
Nepal
1x
Year Economic freedom index
Denmark Nepal
2026 79 52.9
2025 79.1 52.5
2024 77.8 52.1
2023 77.6 51.4
2022 78 49.7
2021 77.8 50.7
2020 78.3 54.2
2019 76.7 53.8
2018 76.6 54.1
2017 75.1 55.1
2016 75.3 50.9
2015 76.3 51.3
2014 76.1 50.1
2013 76.1 50.4
2012 76.2 50.2
2011 78.6 50.1
2010 77.9 52.7
2009 79.6 53.2
2008 79.2 54.1
2007 77 54.4
2006 75.4 53.7
2005 75.3 51.4
2004 72.4 51.2
2003 73.2 51.5
2002 71.1 52.3
2001 68.3 51.6
2000 68.3 51.3
1999 68.1 53.1
1998 67.5 53.5
1997 67.5 53.6
1996 67.3 50.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Nepal
Services, % of GDP
62.7%
2025
54.4%
2025
Industry, % of GDP
24.8%
2025
12.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.17%
2025
21.6%
2025
GNI, Atlas method
$464B
2025
$46.5B
2025
GNI per capita, PPP
$85,460
2025
$6,250
2025
Total reserves including gold
$128B
2025
$21.1B
2025
Total reserves ranking
24/177
2025
65/177
2025
Net foreign direct investment
$12.5B
2024
-$56.9M
2024
Net inflows of foreign direct investment
$18.2B
2024
$56.9M
2024
Net outflows of foreign direct investment
$30.7B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.22%
2024
Poverty at national poverty lines
12.4%
2021
20.3%
2022
Gross capital formation, % of GDP
22.1%
2025
29.4%
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/denmark/nepal | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1991, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, 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.

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.