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Economy of El Salvador vs Greece compared: GDP & Debt

Updated on by Georank team

El Salvador has a GDP of $35.4B compared to $256B for Greece, ranking 105/197 and 53/197 by economy size, respectively.

El Salvador has $30.9B in government debt (87.5% of GDP), compared to $397B (154.8% of GDP) in Greece.

El Salvador vs Greece GDP by year

El Salvador
Greece
1x
Year GDP, current $
El Salvador Greece
2024 $35,364,960,000 $256,238,371,778
2023 $33,853,940,000 $242,946,187,738
2022 $31,870,120,000 $217,990,189,601
2021 $29,043,140,000 $218,303,801,895
2020 $24,921,190,000 $191,362,985,555
2019 $26,881,140,000 $207,305,649,887
2018 $26,020,850,000 $213,298,873,494
2017 $24,979,190,000 $200,381,103,984
2016 $24,191,430,000 $193,097,239,006
2015 $23,438,240,000 $194,567,373,678
2014 $22,593,470,000 $233,911,581,521
2013 $21,990,960,000 $236,556,279,641
2012 $21,386,150,000 $238,841,140,018
2011 $20,283,780,000 $283,228,079,776
2010 $18,447,920,000 $296,417,644,404
2009 $17,601,620,000 $326,829,054,686
2008 $17,986,890,000 $351,121,399,546
2007 $17,011,750,000 $314,226,996,944
2006 $15,999,890,000 $269,073,415,334
2005 $14,698,000,000 $242,315,668,619
2004 $13,724,810,900 $234,979,615,898
2003 $13,243,892,200 $196,930,509,813
2002 $12,664,190,300 $150,253,800,086
2001 $12,282,533,600 $132,050,474,720
2000 $11,784,927,700 $125,760,166,225
1999 $11,284,197,000 $137,131,371,955
1998 $10,936,669,900 $139,612,812,176
1997 $10,221,705,900 $138,766,067,640
1996 $9,586,327,800 $142,502,984,145
1995 $8,921,947,100 $134,974,613,914
1994 $7,679,384,000 $114,980,063,202
1993 $6,680,269,200 $107,295,704,518
1992 $5,813,399,300 $114,608,178,405
1991 $5,252,342,400 $103,680,863,713
1990 $4,817,542,204 $96,529,587,274
1989 $4,372,215,300 $78,067,933,277
1988 $4,189,880,000 $75,200,610,137
1987 $3,958,045,800 $64,739,630,096
1986 $3,771,663,200 $55,595,445,472
1985 $3,800,368,600 $47,155,741,426
1984 $3,661,683,400 $47,352,146,312
1983 $3,506,347,800 $48,741,397,059
1982 $3,399,189,100 $53,858,346,939
1981 $3,437,200,200 $51,618,456,335
1980 $3,573,959,900 $56,039,256,595
1979 $3,463,639,900 $53,724,121,435
1978 $3,127,960,000 $43,654,480,519
1977 $2,941,640,100 $35,673,080,481
1976 $2,328,280,100 $30,719,552,239
1975 $1,884,120,100 $28,129,128,587
1974 $1,665,880,000 $24,998,715,909
1973 $1,442,320,000 $22,037,019,563
1972 $1,263,720,000 $16,650,659,091
1971 $1,186,120,000 $14,388,806,818
1970 $1,132,920,000 $12,957,113,636
1969 $1,049,400,000 $11,454,106,327
1968 $1,009,760,100 $9,950,331,206
1967 $976,200,000 $9,146,592,856
1966 $929,520,000 $8,472,021,467
1965 $877,720,000 $7,582,209,670
1964 - $6,576,906,345
1963 - $5,813,285,627
1962 - $5,140,542,929
1961 - $4,892,397,431
1960 - $4,274,890,307

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

GeoRank.org/economy/el-salvador/greece | CC BY

GDP per capita in El Salvador vs Greece by year

El Salvador
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,580 $13,264 $24,626 $44,327
2023 $5,365 $12,680 $23,344 $42,711
2022 $5,075 $11,876 $20,887 $39,612
2021 $4,643 $10,810 $20,655 $33,531
2020 $3,997 $9,393 $17,887 $29,533
2019 $4,320 $9,757 $19,335 $31,927
2018 $4,184 $9,204 $19,873 $29,792
2017 $4,020 $8,965 $18,632 $28,682
2016 $3,901 $8,456 $17,919 $27,505
2015 $3,790 $7,934 $17,981 $26,608
2014 $3,666 $7,504 $21,475 $26,450
2013 $3,582 $7,093 $21,573 $25,731
2012 $3,498 $6,708 $21,624 $24,583
2011 $3,331 $6,594 $25,505 $25,693
2010 $3,040 $6,248 $26,653 $27,839
2009 $2,910 $6,063 $29,425 $29,963
2008 $2,983 $6,175 $31,696 $30,441
2007 $2,831 $5,949 $28,441 $28,896
2006 $2,666 $5,695 $24,416 $28,076
2005 $2,447 $5,292 $22,054 $25,004
2004 $2,286 $4,998 $21,449 $24,826
2003 $2,208 $4,829 $18,021 $23,253
2002 $2,115 $4,672 $13,782 $21,985
2001 $2,058 $4,543 $12,157 $20,304
2000 $1,983 $4,422 $11,638 $18,820
1999 $1,908 $4,298 $12,743 $17,758
1998 $1,860 $4,171 $13,023 $17,434
1997 $1,749 $4,043 $13,016 $16,630
1996 $1,651 $3,880 $13,433 $15,778
1995 $1,548 $3,808 $12,779 $15,218
1994 $1,344 $3,591 $10,937 $14,667
1993 $1,180 $3,390 $10,257 $14,150
1992 $1,041 $3,171 $11,021 $14,130
1991 $956 $2,945 $10,047 $13,824
1990 $892 $2,856 $9,467 $13,126
1989 $825 - $7,738 -
1988 $806 - $7,492 -
1987 $777 - $6,474 -
1986 $755 - $5,578 -
1985 $776 - $4,747 -
1984 $763 - $4,785 -
1983 $745 - $4,950 -
1982 $735 - $5,502 -
1981 $752 - $5,305 -
1980 $787 - $5,812 -
1979 $773 - $5,627 -
1978 $712 - $4,629 -
1977 $684 - $3,832 -
1976 $553 - $3,343 -
1975 $457 - $3,109 -
1974 $413 - $2,789 -
1973 $366 - $2,468 -
1972 $329 - $1,873 -
1971 $316 - $1,629 -
1970 $309 - $1,474 -
1969 $293.4 - $1,306 -
1968 $290.1 - $1,138 -
1967 $288.4 - $1,053 -
1966 $282.4 - $984 -
1965 $274.3 - $887 -
1964 - - $773 -
1963 - - $686 -
1962 - - $608 -
1961 - - $583 -
1960 - - $513 -

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

GeoRank.org/economy/el-salvador/greece | CC BY

El Salvador's GDP per capita is $5,580, ranking 116/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Greece ranks 52nd at $44,327.

Economic indicators

El Salvador Greece
Gross domestic product
$35.4B
2024
$256B
2024
GDP rank
105/197
2024
53/197
2024
GDP growth
2.6%
2023-2024
2.09%
2023-2024
GDP per capita
$5,580
2024
$24,626
2024
GDP per capita rank
116/197
2024
49/197
2024
GDP per capita, PPP
$13,264
2024
$44,327
2024
GDP per capita PPP rank
120/197
2024
52/197
2024
Government debt
$30.9B
2024
$397B
2024
Debt-to-GDP ratio
87.5%
2024
154.8%
2024
Government debt per person
$4,883
2024
$38,119
2024
Government debt per person rank
81/185
2024
16/185
2024
Average annual personal income after taxes
$4,768
2026
$14,396
2026
Market capitalization of domestic companies n/a
$83.2B
2024
Number of billionaires n/a
16
2025
Income share by richest 10%
29.7%
2023
26%
2023
Income share by poorest 10%
1.9%
2023
2.7%
2023
Government expenditure, % of GDP
31.4%
2024
48%
2024
Consumer prices inflation
0.85%
2023-2024
2.74%
2023-2024
Unemployment rate
2.71%
2024
10%
2024
Population
6399793
10181414

Spending and national debt comparison by year

El Salvador
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
El Salvador Greece
Government spending Government debt Government spending Government debt
2024 31.4% 87.5% 48% 154.8%
2023 30.5% 85.1% 49.5% 165.2%
2022 28.7% 83.7% 52.8% 178.4%
2021 31.1% 88% 56.7% 197.8%
2020 32.7% 95.4% 59.3% 209.9%
2019 27.8% 77.9% 47.6% 183.7%
2018 27.6% 77% 48.6% 189.6%
2017 28.1% 77.1% 48.5% 182.6%
2016 27.5% 75.2% 50.3% 183.7%
2015 27.1% 73.5% 51.9% 180%
2014 27.6% 71.8% 51.5% 182.8%
2013 28.5% 69.7% 53% 180.5%
2012 27.4% 70% 54.9% 164.3%
2011 25.3% 65.6% 55.1% 175.1%
2010 25.6% 66.8% 53.1% 147.8%
2009 26% 65.8% 54.8% 128.5%
2008 24.5% 54.2% 51.5% 110.9%
2007 22.8% 52.2% 47.8% 104.6%
2006 23.4% 52.6% 45.9% 105.3%
2005 22.4% 46.3% 46.6% 109.9%
2004 21.5% 46.8% 48.8% 105.5%
2003 22.6% 46% 47.9% 104.3%
2002 22.5% 43.8% 47.1% 107.9%
2001 21.7% 37.8% 47.5% 110.5%
2000 21% 29.6% 48.2% 108.9%
1999 19.7% 28% 48% 102.8%
1998 19.3% 25.7% 46.7% 100.8%
1997 18.6% 27.8% 45.1% 102.6%
1996 21% 28.5% 46.1% 103.7%
1995 18.6% 28% 46.6% 100.4%
1994 18.9% 30.5% 36.9% 99.7%
1993 18.5% 31.9% 38.6% 101.7%
1992 20.8% 36.4% 36.9% 81.1%
1991 18.5% 43.3% 35.2% 75.7%
1990 15.9% - 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/el-salvador/greece | CC BY

In 2024, El Salvador's government spending was $11.1B, accounting for 31.4% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 87.5% in El Salvador and 154.8% in Greece, ranking 36/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Greece
1x
Year Deficit/surplus, % of GDP
El Salvador Greece
2024 -4.55% 1.34%
2023 -4.69% -1.35%
2022 -2.68% -2.46%
2021 -5.53% -7.58%
2020 -8.18% -10.3%
2019 -3.07% -0.09%
2018 -2.71% 0.78%
2017 -2.53% 1.05%
2016 -3.1% 0.28%
2015 -3.63% -3.03%
2014 -4.02% -4.29%
2013 -4.46% -4.06%
2012 -3.81% -6.94%
2011 -4.47% -10.5%
2010 -4.97% -11.4%
2009 -6.65% -15.4%
2008 -3.8% -10.3%
2007 -2.32% -6.81%
2006 -3.42% -6.04%
2005 -3.47% -6.33%
2004 -2.76% -9.05%
2003 -4.23% -8.05%
2002 -5.5% -6.2%
2001 -4.95% -5.64%
2000 -3.45% -4.21%
1999 -3.08% -6.02%
1998 -2.94% -6.48%
1997 -1.97% -6.25%
1996 -2.7% -8.35%
1995 -0.18% -9.87%
1994 -0.94% -8.48%
1993 -1.42% -11.5%
1992 -4.29% -10.6%
1991 -2.3% -9.63%
1990 -0.61% -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/el-salvador/greece | CC BY

In 2024, El Salvador's government deficit, the difference between spending and revenue, was $1.61B, equivalent to 4.55% of GDP. This compares to Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 35 years, El Salvador recorded a fiscal deficit in 35 of those years, while Greece ran a deficit in 31 years. On average, El Salvador posted an annual deficit equal to 3.52% of GDP, compared to deficit of 6.49% of GDP for Greece.

Inflation comparison by year

Inflation
El Salvador

Greece
1x
Year Consumer prices inflation
El Salvador Greece
2024 0.85% 2.74%
2023 4.05% 3.46%
2022 7.2% 9.65%
2021 3.47% 1.22%
2020 -0.37% -1.25%
2019 0.08% 0.25%
2018 1.09% 0.63%
2017 1.01% 1.12%
2016 0.6% -0.83%
2015 -0.73% -1.74%
2014 1.14% -1.31%
2013 0.76% -0.92%
2012 1.73% 1.5%
2011 5.13% 3.33%
2010 1.18% 4.71%
2009 1.06% 1.21%
2008 6.71% 4.15%
2007 4.58% 2.9%
2006 4.04% 3.2%
2005 4.69% 3.55%
2004 4.45% 2.9%
2003 2.12% 3.53%
2002 1.87% 3.63%
2001 3.75% 3.37%
2000 2.27% 3.15%
1999 0.51% 2.64%
1998 2.55% 4.77%
1997 4.49% 5.54%

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

GeoRank.org/economy/el-salvador/greece | CC BY

Over the past 28 years, El Salvador has recorded an average annual inflation rate of 2.51%, compared with 2.4% in Greece. In 2024, inflation was 0.85% in El Salvador and 2.74% in Greece.

Top exports between countries

El Salvador
Export category Export value
Processed food, beverages & tobacco $3.14M
Metals $1.93M
Raw agricultural goods $729K
Textiles & consumer goods $42K
Greece
Export category Export value
Processed food, beverages & tobacco $2.83M
Chemicals & pharma $467K
Machinery & equipment $188K
Miscellaneous $85K
Raw materials & minerals $83K
Wood & paper products $78K
Textiles & consumer goods $46K
Metals $43K

Balance of trade

El Salvador Greece
Current account balance
-$633M
2024
-$18.2B
2024
Current account balance ranking
110/190
2024
182/190
2024
Current account balance, % of GDP
-1.79%
2024
-7.11%
2024
Goods imports
$15.1B
2024
$91.2B
2024
Goods exports
$5.59B
2024
$52.6B
2024
Service imports
$3.26B
2024
$31.1B
2024
Service exports
$6B
2024
$55.8B
2024
Imports of goods and services, % of GDP
51.9%
2024
47.7%
2024
Exports of goods and services, % of GDP
32.8%
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.

El Salvador Greece
Economic freedom 57.7 63.2
Economic freedom ranking 114/197 82/197
Property rights 42.7 78
Government integrity 31.5 54.8
Judicial effectiveness 15.3 68
Tax burden 76.8 59.9
Government spending 72.7 24.7
Fiscal health 59.4 78.9
Business freedom 65.7 77.8
Labor freedom 51.6 59.7
Monetary freedom 70.6 72.6
Trade freedom 76.4 79.4
Investment freedom 70 55
Financial freedom 60 50

Economic freedom comparison by year

El Salvador
Greece
1x
Year Economic freedom index
El Salvador Greece
2026 57.7 63.2
2025 56.6 60.6
2024 54.4 55.1
2023 56 56.9
2022 59.6 61.5
2021 61 60.9
2020 61.6 59.9
2019 61.8 57.7
2018 63.2 57.3
2017 64.1 55
2016 65.1 53.2
2015 65.7 54
2014 66.2 55.7
2013 66.7 55.4
2012 68.7 55.4
2011 68.8 60.3
2010 69.9 62.7
2009 69.8 60.8
2008 68.5 60.6
2007 68.9 58.7
2006 69.6 60.1
2005 71.5 59
2004 71.2 59.1
2003 71.5 58.8
2002 73 59.1
2001 73 63.4
2000 76.3 61
1999 75.1 61
1998 70.2 60.6
1997 70.5 59.6
1996 70.1 60.5
1995 69.1 61.2

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

GeoRank.org/economy/el-salvador/greece | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, 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

El Salvador Greece
Services, % of GDP
61%
2024
68%
2024
Industry, % of GDP
22.4%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
4.38%
2024
3.77%
2024
GNI, Atlas method
$32.5B
2024
$236B
2024
GNI per capita, PPP
$12,420
2024
$43,340
2024
Total reserves including gold
$3.7B
2024
$15.2B
2024
Total reserves ranking
110/177
2024
67/177
2024
Net foreign direct investment
-$636M
2024
-$4.52B
2024
Net inflows of foreign direct investment
$924M
2024
$6.74B
2024
Net outflows of foreign direct investment
$288M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
35%
2024
n/a
Poverty at national poverty lines
27.2%
2023
18.8%
2021
Gross capital formation, % of GDP
20.3%
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/el-salvador/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)
  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.