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Economy of Egypt vs Greece compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $256B for Greece, ranking 41/197 and 53/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $397B (154.8% of GDP) in Greece.

Egypt vs Greece GDP by year

Egypt
Greece
1x
Year GDP, current $
Egypt Greece
2024 $389,059,911,004 $256,238,371,778
2023 $395,926,075,163 $242,946,187,738
2022 $476,747,720,365 $217,990,189,601
2021 $424,671,765,456 $218,303,801,895
2020 $383,817,841,547 $191,362,985,555
2019 $318,678,815,490 $207,305,649,887
2018 $262,588,632,527 $213,298,873,494
2017 $248,362,771,739 $200,381,103,984
2016 $332,441,717,791 $193,097,239,006
2015 $329,366,576,819 $194,567,373,678
2014 $305,595,408,895 $233,911,581,521
2013 $288,434,108,527 $236,556,279,641
2012 $279,116,666,667 $238,841,140,018
2011 $235,989,672,978 $283,228,079,776
2010 $218,983,666,062 $296,417,644,404
2009 $189,147,005,445 $326,829,054,686
2008 $162,818,181,818 $351,121,399,546
2007 $130,437,828,371 $314,226,996,944
2006 $107,426,086,957 $269,073,415,334
2005 $89,660,339,660 $242,315,668,619
2004 $78,782,467,532 $234,979,615,898
2003 $80,288,461,538 $196,930,509,813
2002 $85,146,067,416 $150,253,800,086
2001 $96,684,636,119 $132,050,474,720
2000 $99,838,543,960 $125,760,166,225
1999 $90,710,704,807 $137,131,371,955
1998 $84,828,807,556 $139,612,812,176
1997 $78,436,578,171 $138,766,067,640
1996 $67,629,716,981 $142,502,984,145
1995 $60,159,245,060 $134,974,613,914
1994 $51,897,983,393 $114,980,063,202
1993 $46,578,631,453 $107,295,704,518
1992 $41,855,986,519 $114,608,178,405
1991 $37,387,836,491 $103,680,863,713
1990 $42,978,914,311 $96,529,587,274
1989 $39,756,299,050 $78,067,933,277
1988 $34,980,124,929 $75,200,610,137
1987 $40,455,616,654 $64,739,630,096
1986 $41,253,507,951 $55,595,445,472
1985 $39,053,502,251 $47,155,741,426
1984 $33,971,188,992 $47,352,146,312
1983 $30,966,239,814 $48,741,397,059
1982 $27,655,172,414 $53,858,346,939
1981 $22,136,081,081 $51,618,456,335
1980 $21,669,908,176 $56,039,256,595
1979 $18,020,571,429 $53,724,121,435
1978 $14,811,704,063 $43,654,480,519
1977 $14,400,806,876 $35,673,080,481
1976 $13,315,988,083 $30,719,552,239
1975 $11,632,178,869 $28,129,128,587
1974 $9,228,963,225 $24,998,715,909
1973 $10,098,534,613 $22,037,019,563
1972 $9,299,638,056 $16,650,659,091
1971 $8,609,283,346 $14,388,806,818
1970 $8,042,200,452 $12,957,113,636
1969 $6,524,455,206 $11,454,106,327
1968 $5,932,242,991 $9,950,331,206
1967 $5,605,484,299 $9,146,592,856
1966 $5,278,005,612 $8,472,021,467
1965 $4,948,667,540 $7,582,209,670
1964 $4,709,245,762 $6,576,906,345
1963 $4,187,146,232 $5,813,285,627
1962 $4,035,462,027 $5,140,542,929
1961 $4,494,575,611 $4,892,397,431
1960 $4,206,270,352 $4,274,890,307

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

GeoRank.org/economy/egypt/greece | CC BY

GDP per capita in Egypt vs Greece by year

Egypt
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $24,626 $44,327
2023 $3,457 $18,525 $23,344 $42,711
2022 $4,233 $17,527 $20,887 $39,612
2021 $3,827 $15,579 $20,655 $33,531
2020 $3,511 $15,232 $17,887 $29,533
2019 $2,963 $13,364 $19,335 $31,927
2018 $2,485 $12,329 $19,873 $29,792
2017 $2,395 $11,125 $18,632 $28,682
2016 $3,271 $10,666 $17,919 $27,505
2015 $3,307 $10,903 $17,981 $26,608
2014 $3,133 $10,256 $21,475 $26,450
2013 $3,026 $10,511 $21,573 $25,731
2012 $2,996 $10,342 $21,624 $24,583
2011 $2,591 $8,988 $25,505 $25,693
2010 $2,455 $8,838 $26,653 $27,839
2009 $2,162 $8,465 $29,425 $29,963
2008 $1,896 $8,191 $31,696 $30,441
2007 $1,548 $7,641 $28,441 $28,896
2006 $1,299 $7,079 $24,416 $28,076
2005 $1,106 $6,554 $22,054 $25,004
2004 $991 $6,207 $21,449 $24,826
2003 $1,031 $5,928 $18,021 $23,253
2002 $1,117 $5,753 $13,782 $21,985
2001 $1,295 $5,650 $12,157 $20,304
2000 $1,366 $5,452 $11,638 $18,820
1999 $1,268 $5,121 $12,743 $17,758
1998 $1,213 $4,869 $13,023 $17,434
1997 $1,146 $4,661 $13,016 $16,630
1996 $1,009 $4,434 $13,433 $15,778
1995 $916 $4,235 $12,779 $15,218
1994 $807 $4,048 $10,937 $14,667
1993 $740 $3,895 $10,257 $14,150
1992 $681 $3,784 $11,021 $14,130
1991 $623 $3,627 $10,047 $13,824
1990 $736 $3,566 $9,467 $13,126
1989 $701 - $7,738 -
1988 $634 - $7,492 -
1987 $754 - $6,474 -
1986 $790 - $5,578 -
1985 $770 - $4,747 -
1984 $690 - $4,785 -
1983 $648 - $4,950 -
1982 $596 - $5,502 -
1981 $490 - $5,305 -
1980 $493 - $5,812 -
1979 $421 - $5,627 -
1978 $355 - $4,629 -
1977 $353 - $3,832 -
1976 $335 - $3,343 -
1975 $299.2 - $3,109 -
1974 $243.1 - $2,789 -
1973 $272.2 - $2,468 -
1972 $256.5 - $1,873 -
1971 $243 - $1,629 -
1970 $232.3 - $1,474 -
1969 $193 - $1,306 -
1968 $179.8 - $1,138 -
1967 $174.1 - $1,053 -
1966 $168.1 - $984 -
1965 $161.6 - $887 -
1964 $157.7 - $773 -
1963 $143.9 - $686 -
1962 $142.4 - $608 -
1961 $162.8 - $583 -
1960 $156.4 - $513 -

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

GeoRank.org/economy/egypt/greece | CC BY

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Greece ranks 52nd at $44,327.

Economic indicators

Egypt Greece
Gross domestic product
$389B
2024
$256B
2024
GDP rank
41/197
2024
53/197
2024
GDP growth
2.4%
2023-2024
2.09%
2023-2024
GDP per capita
$3,338
2024
$24,626
2024
GDP per capita rank
138/197
2024
49/197
2024
GDP per capita, PPP
$19,094
2024
$44,327
2024
GDP per capita PPP rank
99/197
2024
52/197
2024
Government debt
$354B
2024
$397B
2024
Debt-to-GDP ratio
90.9%
2024
154.8%
2024
Government debt per person
$3,036
2024
$38,119
2024
Government debt per person rank
99/185
2024
16/185
2024
Average annual personal income after taxes
$1,948
2026
$14,396
2026
Market capitalization of domestic companies
$42.6B
2024
$83.2B
2024
Number of billionaires
5
2025
16
2025
Income share by richest 10%
24.6%
2021
26%
2023
Income share by poorest 10%
4.2%
2021
2.7%
2023
Government expenditure, % of GDP
22.9%
2024
48%
2024
Consumer prices inflation
28.3%
2023-2024
2.74%
2023-2024
Central bank interest rate
21%
2025
n/a
Unemployment rate
5.95%
2024
10%
2024
Population
120697176
10181414

Spending and national debt comparison by year

Egypt
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Egypt Greece
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 48% 154.8%
2023 22.7% 95.9% 49.5% 165.2%
2022 24.9% 88.5% 52.8% 178.4%
2021 25.5% 89.9% 56.7% 197.8%
2020 25.7% 86.2% 59.3% 209.9%
2019 26.9% 80.1% 47.6% 183.7%
2018 28.6% 87.9% 48.6% 189.6%
2017 30.6% 97.8% 48.5% 182.6%
2016 31% 91.6% 50.3% 183.7%
2015 31.3% 83.8% 51.9% 180%
2014 33.9% 80.9% 51.5% 182.8%
2013 32.9% 79.8% 53% 180.5%
2012 29.2% 69.9% 54.9% 164.3%
2011 30.5% 72.8% 55.1% 175.1%
2010 31.4% 69.6% 53.1% 147.8%
2009 32.5% 69.5% 54.8% 128.5%
2008 32.7% 66.8% 51.5% 110.9%
2007 31.3% 76.3% 47.8% 104.6%
2006 34.5% 85.9% 45.9% 105.3%
2005 30.3% 98.3% 46.6% 109.9%
2004 30.1% 96.5% 48.8% 105.5%
2003 30.6% 97.1% 47.9% 104.3%
2002 30.9% 85.8% 47.1% 107.9%
2001 27.9% 79.1% 47.5% 110.5%
2000 26% 71.7% 48.2% 108.9%
1999 26.3% 72.4% 48% 102.8%
1998 - 73.8% 46.7% 100.8%
1997 - - 45.1% 102.6%
1996 - - 46.1% 103.7%
1995 - - 46.6% 100.4%
1994 - - 36.9% 99.7%
1993 - - 38.6% 101.7%
1992 - - 36.9% 81.1%
1991 - - 35.2% 75.7%
1990 - - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

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/egypt/greece | CC BY

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 154.8% in Greece, ranking 31/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Greece
1x
Year Deficit/surplus, % of GDP
Egypt Greece
2024 -7.12% 1.34%
2023 -5.77% -1.35%
2022 -5.74% -2.46%
2021 -6.96% -7.58%
2020 -7.47% -10.3%
2019 -7.6% -0.09%
2018 -8.97% 0.78%
2017 -9.9% 1.05%
2016 -11.8% 0.28%
2015 -10.4% -3.03%
2014 -10.7% -4.29%
2013 -12.3% -4.06%
2012 -9.47% -6.94%
2011 -9.6% -10.5%
2010 -7.45% -11.4%
2009 -6.2% -15.4%
2008 -6.05% -10.3%
2007 -4.9% -6.81%
2006 -7.35% -6.04%
2005 -6.69% -6.33%
2004 -5.76% -9.05%
2003 -5.73% -8.05%
2002 -6.77% -6.2%
2001 -1.07% -5.64%
2000 1.32% -4.21%
1999 2.14% -6.02%
1998 - -6.48%
1997 - -6.25%
1996 - -8.35%
1995 - -9.87%
1994 - -8.48%
1993 - -11.5%
1992 - -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

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/egypt/greece | CC BY

In 2024, Egypt's government deficit, the difference between spending and revenue, was $27.7B, equivalent to 7.12% of GDP. This compares to Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Greece ran a deficit in 22 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 5.49% of GDP for Greece.

Inflation comparison by year

Inflation
Egypt

Greece
1x
Year Consumer prices inflation
Egypt Greece
2024 28.3% 2.74%
2023 33.9% 3.46%
2022 13.9% 9.65%
2021 5.21% 1.22%
2020 5.04% -1.25%
2019 9.15% 0.25%
2018 14.4% 0.63%
2017 29.5% 1.12%
2016 13.8% -0.83%
2015 10.4% -1.74%
2014 10.1% -1.31%
2013 9.47% -0.92%
2012 7.11% 1.5%
2011 10.1% 3.33%
2010 11.3% 4.71%
2009 11.8% 1.21%
2008 18.3% 4.15%
2007 9.32% 2.9%
2006 7.64% 3.2%
2005 4.87% 3.55%
2004 11.3% 2.9%
2003 4.51% 3.53%
2002 2.74% 3.63%
2001 2.27% 3.37%
2000 2.68% 3.15%
1999 3.08% 2.64%
1998 3.87% 4.77%
1997 4.63% 5.54%

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

GeoRank.org/economy/egypt/greece | CC BY

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 2.4% in Greece. In 2024, inflation was 28.3% in Egypt and 2.74% in Greece.

Top exports between countries

Egypt
Export category Export value
Raw materials & minerals $783M
Raw agricultural goods $89.1M
Chemicals & pharma $67.7M
Metals $53.1M
Processed food, beverages & tobacco $27.3M
Textiles & consumer goods $23.6M
Wood & paper products $18.2M
Machinery & equipment $17.8M
Animal & marine products $486K
Miscellaneous $52K
Greece
Export category Export value
Transport & tourism services $1B
Raw materials & minerals $670M
Textiles & consumer goods $159M
Processed food, beverages & tobacco $43.9M
Chemicals & pharma $37.1M
Machinery & equipment $26.7M
Raw agricultural goods $22.2M
Metals $14.8M
Business & finance services $8.45M
Wood & paper products $3.56M

Balance of trade

Egypt Greece
Current account balance
-$22.3B
2024
-$18.2B
2024
Current account balance ranking
184/190
2024
182/190
2024
Current account balance, % of GDP
-5.72%
2024
-7.11%
2024
Goods imports
$72.9B
2024
$91.2B
2024
Goods exports
$34.8B
2024
$52.6B
2024
Service imports
$27.5B
2024
$31.1B
2024
Service exports
$29.6B
2024
$55.8B
2024
Imports of goods and services, % of GDP
23.2%
2024
47.7%
2024
Exports of goods and services, % of GDP
16.4%
2024
42.1%
2024

Economic freedom indices

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

Egypt Greece
Economic freedom 50.3 63.2
Economic freedom ranking 160/197 82/197
Property rights 35.5 78
Government integrity 27.1 54.8
Judicial effectiveness 24 68
Tax burden 85.7 59.9
Government spending 83.4 24.7
Fiscal health 21.8 78.9
Business freedom 51.4 77.8
Labor freedom 43.1 59.7
Monetary freedom 56 72.6
Trade freedom 60.2 79.4
Investment freedom 65 55
Financial freedom 50 50

Economic freedom comparison by year

Egypt
Greece
1x
Year Economic freedom index
Egypt Greece
2026 50.3 63.2
2025 50.9 60.6
2024 49.7 55.1
2023 49.6 56.9
2022 49.1 61.5
2021 55.7 60.9
2020 54 59.9
2019 52.5 57.7
2018 53.4 57.3
2017 52.6 55
2016 56 53.2
2015 55.2 54
2014 52.9 55.7
2013 54.8 55.4
2012 57.9 55.4
2011 59.1 60.3
2010 59 62.7
2009 58 60.8
2008 58.5 60.6
2007 54.4 58.7
2006 53.2 60.1
2005 55.8 59
2004 55.5 59.1
2003 55.3 58.8
2002 54.1 59.1
2001 51.5 63.4
2000 51.7 61
1999 58 61
1998 55.8 60.6
1997 54.5 59.6
1996 52 60.5
1995 45.7 61.2

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

GeoRank.org/economy/egypt/greece | CC BY

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Egypt Greece
Services, % of GDP
48.9%
2024
68%
2024
Industry, % of GDP
32.6%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
3.77%
2024
GNI, Atlas method
$409B
2024
$236B
2024
GNI per capita, PPP
$18,230
2024
$43,340
2024
Total reserves including gold
$44.9B
2024
$15.2B
2024
Total reserves ranking
44/177
2024
67/177
2024
Net foreign direct investment
-$46.1B
2024
-$4.52B
2024
Net inflows of foreign direct investment
$46.6B
2024
$6.74B
2024
Net outflows of foreign direct investment
$508M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
n/a
Poverty at national poverty lines
33.5%
2021
18.8%
2021
Gross capital formation, % of GDP
13%
2024
18.3%
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/egypt/greece | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, 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 (2022–2024, retrieved 2026-02-08)
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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.