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Economy of Dominican Republic vs Israel compared: GDP & Debt

Updated on by Georank

The Dominican Republic has a GDP of $127B compared to $611B for Israel, ranking 65/197 and 27/197 by economy size, respectively.

The Dominican Republic has $75.2B in government debt (59% of GDP), compared to $418B (68.5% of GDP) in Israel.

Dominican Republic vs Israel GDP by year

Dominican Republic
Israel
1x
Year GDP, current $
Dominican Republic Israel
2025 $127,407,463,759 $610,777,842,874
2024 $124,282,245,639 $542,284,494,491
2023 $120,456,239,154 $513,393,395,492
2022 $113,478,103,598 $525,157,951,213
2021 $94,850,719,517 $489,735,019,666
2020 $78,546,672,407 $410,908,899,711
2019 $89,146,130,745 $399,207,771,082
2018 $84,994,732,049 $375,470,422,244
2017 $79,070,274,743 $357,360,816,857
2016 $75,552,902,636 $321,083,954,798
2015 $70,966,782,572 $302,841,190,258
2014 $67,014,329,100 $314,376,760,832
2013 $62,555,417,415 $298,045,324,736
2012 $60,561,635,556 $263,172,104,091
2011 $57,948,261,616 $267,739,352,609
2010 $53,801,053,353 $239,372,857,534
2009 $48,223,781,477 $213,112,649,594
2008 $48,091,433,554 $220,952,472,408
2007 $43,965,458,509 $184,448,882,452
2006 $37,879,830,084 $158,706,516,002
2005 $35,777,560,684 $147,346,035,831
2004 $22,322,387,382 $139,925,423,025
2003 $21,403,167,848 $131,278,887,815
2002 $27,137,440,786 $125,215,963,105
2001 $25,601,823,688 $134,889,159,474
2000 $24,305,780,629 $136,409,902,632
1999 $22,136,579,397 $121,329,240,042
1998 $21,672,215,547 $120,468,659,246
1997 $20,017,450,041 $119,389,303,067
1996 $18,241,622,548 $115,051,957,577
1995 $16,637,370,839 $105,432,315,611
1994 $14,644,734,599 $90,684,108,118
1993 $13,081,042,400 $79,806,598,120
1992 $11,605,382,504 $79,408,652,426
1991 $9,824,483,340 $70,954,941,681
1990 $7,073,675,545 $61,978,459,022
1989 $6,686,593,060 $52,411,116,588
1988 $5,374,299,981 $52,618,458,014
1987 $5,827,050,753 $43,022,977,765
1986 $6,122,128,558 $35,812,041,620
1985 $5,044,579,979 $28,887,898,639
1984 $11,594,000,000 $30,626,695,891
1983 $9,220,600,000 $32,655,591,256
1982 $8,267,400,000 $29,237,231,967
1981 $7,561,300,000 $26,865,420,933
1980 $6,761,300,000 $25,379,585,067
1979 $5,498,800,000 $22,595,788,591
1978 $4,734,400,000 $17,690,363,444
1977 $4,587,100,000 $18,245,847,441
1976 $3,951,500,000 $15,946,502,888
1975 $3,599,200,000 $16,131,806,290
1974 $2,925,700,000 $17,162,009,924
1973 $2,344,800,000 $11,895,229,181
1972 $1,987,400,000 $9,216,866,299
1971 $1,666,500,000 $7,048,191,876
1970 $1,485,500,000 $7,402,142,195
1969 $1,230,500,000 $6,293,966,357
1968 $1,079,100,000 $5,455,059,532
1967 $1,034,800,000 $4,759,447,914
1966 $983,900,000 $4,700,397,692
1965 $888,100,000 $4,326,412,951
1964 $1,025,599,900 $4,021,861,430
1963 $940,799,900 $3,533,767,055
1962 $824,100,000 $2,964,323,618
1961 $654,100,200 $3,706,297,903
1960 $672,399,700 $3,068,690,949

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

GeoRank.org/economy/dominican-republic/israel | CC BY

GDP per capita in Dominican Republic vs Israel by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $11,059 - $60,337 -
2024 $10,876 $27,542 $54,217 $57,236
2023 $10,630 $25,840 $52,126 $55,171
2022 $10,104 $24,626 $54,947 $53,619
2021 $8,527 $22,053 $52,258 $46,162
2020 $7,135 $18,998 $44,591 $40,955
2019 $8,183 $19,767 $44,092 $41,325
2018 $7,883 $17,995 $42,269 $40,190
2017 $7,413 $16,846 $41,013 $39,471
2016 $7,160 $16,282 $37,571 $38,189
2015 $6,801 $14,804 $36,138 $35,871
2014 $6,496 $13,465 $38,265 $34,816
2013 $6,137 $12,414 $36,981 $34,827
2012 $6,014 $11,777 $33,269 $32,484
2011 $5,827 $11,695 $34,477 $31,314
2010 $5,479 $11,246 $31,399 $29,456
2009 $4,974 $10,382 $28,470 $28,087
2008 $5,024 $10,346 $30,231 $28,084
2007 $4,650 $9,951 $25,689 $28,307
2006 $4,055 $9,130 $22,500 $26,385
2005 $3,878 $8,215 $21,262 $25,701
2004 $2,452 $7,375 $20,550 $26,078
2003 $2,383 $7,098 $19,624 $24,702
2002 $3,066 $7,158 $19,059 $26,101
2001 $2,936 $6,848 $20,949 $25,806
2000 $2,831 $6,639 $21,690 $25,766
1999 $2,621 $6,305 $19,809 $23,415
1998 $2,608 $5,963 $20,176 $22,927
1997 $2,449 $5,618 $20,457 $22,279
1996 $2,271 $5,161 $20,213 $21,672
1995 $2,109 $4,871 $19,014 $20,642
1994 $1,892 $4,599 $16,796 $19,478
1993 $1,722 $4,474 $15,169 $18,218
1992 $1,558 $4,151 $15,500 $17,553
1991 $1,346 $3,722 $14,337 $16,486
1990 $989 $3,641 $13,300 $15,721
1989 $955 - $11,601 -
1988 $784 - $11,846 -
1987 $868 - $9,847 -
1986 $932 - $8,330 -
1985 $784 - $6,824 -
1984 $1,844 - $7,364 -
1983 $1,500 - $7,955 -
1982 $1,376 - $7,253 -
1981 $1,288 - $6,791 -
1980 $1,180 - $6,545 -
1979 $984 - $5,968 -
1978 $868 - $4,794 -
1977 $863 - $5,050 -
1976 $763 - $4,514 -
1975 $713 - $4,669 -
1974 $595 - $5,082 -
1973 $490 - $3,629 -
1972 $427 - $2,928 -
1971 $368 - $2,297 -
1970 $338 - $2,489 -
1969 $287.7 - $2,188 -
1968 $259.6 - $1,946 -
1967 $256.2 - $1,734 -
1966 $250.9 - $1,788 -
1965 $233.2 - $1,688 -
1964 $277.3 - $1,625 -
1963 $262.2 - $1,485 -
1962 $236.8 - $1,293 -
1961 $193.9 - $1,696 -
1960 $205.7 - $1,452 -

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

GeoRank.org/economy/dominican-republic/israel | CC BY

The Dominican Republic's GDP per capita is $11,059, ranking 83/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Israel ranks 36th at $57,236.

Economic indicators

Dominican Republic Israel
Gross domestic product
$127B
2025
$611B
2025
GDP rank
65/197
2025
27/197
2025
GDP growth
2.12%
2024-2025
2.93%
2024-2025
GDP per capita
$11,059
2025
$60,337
2025
GDP per capita rank
83/197
2025
19/197
2025
GDP per capita, PPP
$27,542
2024
$57,236
2024
GDP per capita PPP rank
76/197
2024
36/197
2024
Government debt
$75.2B
2025
$418B
2025
Debt-to-GDP ratio
59%
2025
68.5%
2025
Government debt per person
$6,525
2025
$41,338
2025
Government debt per person rank
73/185
2025
16/185
2025
Average annual personal income after taxes
$7,179
2026
$48,251
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10%
29.5%
2024
27%
2022
Income share by poorest 10%
2.3%
2024
1.8%
2022
Government expenditure, % of GDP
19.3%
2025
43.6%
2025
Consumer prices inflation
3.87%
2024-2025
3.04%
2024-2025
Central bank interest rate
5.5%
2025
3.75%
2026
Unemployment rate
5.17%
2025
3%
2025
Population
11656588
10334048

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Dominican Republic Israel
Government spending Government debt Government spending Government debt
2025 19.3% 59% 43.6% 68.5%
2024 19.5% 58.8% 43.7% 67.7%
2023 19.1% 60.5% 39.6% 61.3%
2022 18.5% 59.6% 36.9% 60.3%
2021 18.4% 62.8% 40.1% 67.7%
2020 22.2% 71.8% 44.8% 71.1%
2019 17.8% 53.5% 38.7% 59.3%
2018 16.5% 50.8% 39.2% 60.1%
2017 17.3% 49.5% 38.4% 59.8%
2016 17% 46.7% 37.9% 61.7%
2015 16.7% 44.8% 37.6% 62.8%
2014 17% 45% 38.3% 65.8%
2013 18.5% 46.8% 39.7% 66%
2012 19.8% 42.4% 39.6% 66.9%
2011 16% 39.1% 39.3% 67.2%
2010 16.1% 37.4% 39.7% 69%
2009 16.2% 36.8% 41.4% 72.6%
2008 18.5% 33.6% 41.2% 70.2%
2007 16.3% 32.9% 40.2% 70.8%
2006 17% 36% 41.6% 77.7%
2005 15.5% 38.3% 42.3% 85.2%
2004 17.3% 34.3% 43% 88.3%
2003 17.2% 48.2% 45.4% 89.7%
2002 16.5% 21.5% 50% 87.2%
2001 14.9% 20.4% 46.1% 81.1%
2000 14.1% 16.7% 43.4% 77.2%
1999 13.4% 16% 53.6% 94.8%
1998 12.6% 13.2% 55% 101%
1997 13.2% 13.8% 52.6% 99.3%
1996 11.4% 23% 53.2% 100.3%
1995 11% 25.7% 52.8% 102.3%
1994 12.1% 28.5% 41.7% 110.2%
1993 13% 36.1% 42.2% 118.3%
1992 10.4% 38.5% 44.1% 119.6%
1991 8.65% 47.3% 34.4% 123.7%
1990 9.1% 84.7% 46.8% 138.3%
1989 11.3% 62.5% 47.5% 147.4%
1988 12.8% 77% 46.5% 145.4%
1987 11.2% 86.9% 52.8% 143.2%
1986 10.4% 63.8% 55.7% 162.5%
1985 9.8% 66.3% 65.2% 199%
1984 9.32% 28.9% - 284%
1983 10.2% 32.9% - 260.5%
1982 10.2% 33.1% 69.7% -
1981 12.1% 29.8% 71.8% -
1980 12.8% 15.2% 69.4% 154.3%
1979 13.8% 24% 70.1% 155.5%
1978 12.3% 20.9% 62.2% 133.6%
1977 11.4% 16.4% 69.1% 142%
1976 12.5% 15.6% 66.3% 97.4%
1975 13.7% 13.1% 62% 85.1%
1974 14.6% 14.6% - 79.8%
1973 13.7% 14.6% - 62.1%
1972 14.1% 16.4% - 63.9%
1971 13.8% 17.8% - -
1970 13.3% 18% 41.6% -
1969 15.5% 17.4% 41.1% -
1968 15.5% 18.1% 39.4% -
1967 15% 16.2% 33.9% -
1966 15.2% 14.5% 29.6% -
1965 12.8% - 27.8% -
1964 16.7% - 28.2% -
1963 15.1% - 26.9% -
1962 15.7% - 27.7% -
1961 20% - 30.3% -
1960 20.1% - 30.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/israel | CC BY

In 2025, the Dominican Republic's government spending was $24.6B, accounting for 19.3% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 59% in the Dominican Republic and 68.5% in Israel, ranking 80/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Israel
1x
Year Deficit/surplus, % of GDP
Dominican Republic Israel
2025 -3.56% -5.22%
2024 -3.09% -8.07%
2023 -3.28% -5.38%
2022 -3.25% 0.3%
2021 -2.92% -3.37%
2020 -7.94% -10.6%
2019 -3.46% -3.79%
2018 -2.17% -3.58%
2017 -3.12% -1.17%
2016 -3.11% -1.78%
2015 -0.03% -1.2%
2014 -2.76% -2.28%
2013 -4.41% -4.07%
2012 -6.26% -4.46%
2011 -3.07% -3.43%
2010 -2.97% -3.72%
2009 -2.9% -6.53%
2008 -3.43% -3.49%
2007 0.28% -0.43%
2006 -1.69% -0.94%
2005 -0.71% -2.74%
2004 -3.6% -3.4%
2003 -4.24% -5.03%
2002 -2.28% -8.21%
2001 -0.73% -4.06%
2000 -0.86% -0.8%
1999 -0.79% -6.26%
1998 -0.29% -7.99%
1997 -0.64% -4.84%
1996 0.14% -5.97%
1995 0.82% -4.28%
1994 -0.39% -5.62%
1993 -0.16% -5.62%
1992 2.35% -8%
1991 0.11% -7.04%
1990 0.39% -9.67%
1989 -0.09% -9.03%
1988 -1.68% -7.57%
1987 -0.75% -7.47%
1986 -0.57% -7.51%
1985 -1.27% -14.2%
1984 -0.95% -
1983 -1.74% -
1982 -2.4% -13.8%
1981 -1.92% -23.5%
1980 -1.82% -19.6%
1979 -3.26% -16.7%
1978 -0.82% -14.7%
1977 0.15% -20.3%
1976 -0.22% -19.4%
1975 1.37% -19.6%
1974 -0.93% -
1973 -0.53% -
1972 -1.73% -
1971 -0.85% -
1970 -0.68% -16%
1969 -0.99% -15.3%
1968 -0.99% -11.7%
1967 -1.68% -7.68%
1966 -2.14% -4.35%
1965 -1.84% -2.72%
1964 -1.36% -3.65%
1963 -0.39% -4.41%
1962 -1.17% -4.09%
1961 -3% -5.86%
1960 -0.61% -6.62%
1959 -0.29% -7.23%
1958 -1.29% -8.31%
1957 0.21% -7.17%
1956 -0.05% -9.3%
1955 1.47% -4.3%
1954 1.43% -7.84%
1953 2.79% -8.32%
1952 0% -7.19%
1951 -2.58% -8.13%
1950 -3.66% -10.7%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/israel | CC BY

In 2025, the Dominican Republic's government deficit, the difference between spending and revenue, was $4.53B, equivalent to 3.56% of GDP. This compares to Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 66 years, the Dominican Republic recorded a fiscal deficit in 58 of those years, while Israel ran a deficit in 59 years. On average, the Dominican Republic posted an annual deficit equal to 1.65% of GDP, compared to deficit of 7.31% of GDP for Israel.

Inflation comparison by year

Inflation
Dominican Republic

Israel
1x
Year Consumer prices inflation
Dominican Republic Israel
2025 3.87% 3.04%
2024 3.3% 3.07%
2023 4.79% 4.23%
2022 8.81% 4.41%
2021 8.24% 1.48%
2020 3.78% -0.58%
2019 1.81% 0.82%
2018 3.56% 0.81%
2017 3.28% 0.25%
2016 1.61% -0.54%
2015 0.84% -0.62%
2014 3% 0.47%
2013 4.83% 1.59%
2012 3.69% 1.68%
2011 5.8% 3.49%
2010 6.33% 2.7%
2009 1.44% 3.37%
2008 10.6% 4.53%
2007 6.14% 0.47%
2006 7.57% 2.05%
2005 4.19% 1.34%
2004 51.5% -0.42%
2003 27.4% 0.71%
2002 5.22% 5.8%
2001 8.88% 1.12%
2000 7.72% 1.03%
1999 6.47% 5.19%
1998 4.83% 5.49%
1997 8.3% 8.95%

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

GeoRank.org/economy/dominican-republic/israel | CC BY

Over the past 29 years, the Dominican Republic has recorded an average annual inflation rate of 7.51%, compared with 2.27% in Israel. In 2025, inflation was 3.87% in the Dominican Republic and 3.04% in Israel.

Top exports between countries

Dominican Republic
Export category Export value
Processed food, beverages & tobacco $579K
Chemicals & pharma $431K
Raw agricultural goods $406K
Textiles & consumer goods $267K
Machinery & equipment $138K
Metals $50K
Wood & paper products $27K
Miscellaneous $21K
Precious metals & jewellery $7K
Israel
Export category Export value
Machinery & equipment $17.9M
Chemicals & pharma $4.7M
Raw agricultural goods $3.62M
Raw materials & minerals $583K
Textiles & consumer goods $289K
Weapons & explosives $262K
Metals $256K
Processed food, beverages & tobacco $92K
Miscellaneous $11K
Wood & paper products $9K

Balance of trade

Dominican Republic Israel
Current account balance
-$1.49B
2025
$8.53B
2025
Current account balance ranking
128/190
2025
26/190
2025
Current account balance, % of GDP
-1.17%
2025
+1.4%
2025
Goods imports
$29.8B
2025
$102B
2025
Goods exports
$16B
2025
$76.2B
2025
Service imports
$5.65B
2025
$53.2B
2025
Service exports
$14.4B
2025
$92.4B
2025
Imports of goods and services, % of GDP
27.9%
2025
25.4%
2025
Exports of goods and services, % of GDP
23.6%
2025
27.6%
2025

Economic freedom indices

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

Dominican Republic Israel
Economic freedom 63.8 68.4
Economic freedom ranking 77/197 47/197
Property rights 53.9 73.1
Government integrity 39.8 66.2
Judicial effectiveness 58 68.1
Tax burden 84.4 60.2
Government spending 89.1 52
Fiscal health 76.6 60.8
Business freedom 71.4 72.4
Labor freedom 53.2 56.8
Monetary freedom 72.1 78.2
Trade freedom 67.4 82.8
Investment freedom 60 70
Financial freedom 40 80

Economic freedom comparison by year

Dominican Republic
Israel
1x
Year Economic freedom index
Dominican Republic Israel
2026 63.8 68.4
2025 64.3 69.9
2024 62.9 70.1
2023 62.6 68.9
2022 63 68
2021 62.1 73.8
2020 60.9 74
2019 61 72.8
2018 61.6 72.2
2017 62.9 69.7
2016 61 70.7
2015 61 70.5
2014 61.3 68.4
2013 59.7 66.9
2012 60.2 67.8
2011 60 68.5
2010 60.3 67.7
2009 59.2 67.6
2008 57.7 66.3
2007 56.8 64.8
2006 56.3 64.4
2005 55.1 62.6
2004 54.6 61.4
2003 57.8 62.7
2002 58.6 66.9
2001 59.1 66.1
2000 59 65.5
1999 58.1 68.3
1998 58.1 68
1997 53.5 62.7
1996 58.1 62
1995 55.8 61.5

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

GeoRank.org/economy/dominican-republic/israel | CC BY

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic Israel
Services, % of GDP
60.1%
2025
72.8%
2024
Industry, % of GDP
28.4%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
4.6%
2025
1.29%
2024
GNI, Atlas method
$122B
2025
$569B
2025
GNI per capita, PPP
$26,980
2025
$58,870
2025
Total reserves including gold
$14.8B
2025
$229B
2025
Total reserves ranking
71/177
2025
18/177
2025
Net foreign direct investment
-$5.03B
2025
-$11.8B
2025
Net inflows of foreign direct investment
$4.48B
2024
$14.8B
2024
Net outflows of foreign direct investment
-$47.3M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
5.61%
2024
n/a
Poverty at national poverty lines
17.3%
2025
22%
2020
Gross capital formation, % of GDP
24.7%
2025
24.3%
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/dominican-republic/israel | 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 (1950–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, 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 (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.