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Economy of Equatorial Guinea vs Netherlands compared: GDP & Debt

Updated on by Georank

Equatorial Guinea has a GDP of $12.8B compared to $1.33T for the Netherlands, ranking 150/197 and 18/197 by economy size, respectively.

Equatorial Guinea has $5.21B in government debt (40.6% of GDP), compared to $578B (43.3% of GDP) in the Netherlands.

Equatorial Guinea vs Netherlands GDP by year

Equatorial Guinea
Netherlands
1x
Year GDP, current $
Equatorial Guinea Netherlands
2025 $12,823,210,426 $1,332,767,651,100
2024 $13,254,388,261 $1,213,936,238,063
2023 $12,541,814,273 $1,135,475,867,551
2022 $13,687,643,436 $1,046,540,797,549
2021 $12,215,878,033 $1,054,472,123,450
2020 $9,893,816,008 $932,560,861,701
2019 $11,364,133,550 $928,903,005,576
2018 $13,097,012,134 $929,733,599,797
2017 $12,200,913,879 $848,233,537,846
2016 $11,240,808,848 $797,163,949,290
2015 $13,185,496,881 $775,743,675,303
2014 $21,765,453,082 $901,556,501,756
2013 $21,948,834,284 $883,951,539,007
2012 $22,388,344,144 $845,689,017,066
2011 $21,357,343,669 $913,140,741,333
2010 $16,314,443,436 $852,464,982,433
2009 $15,027,795,173 $878,954,223,140
2008 $19,749,893,536 $957,901,566,041
2007 $13,071,718,759 $853,499,460,873
2006 $10,086,528,699 $737,593,995,289
2005 $8,217,369,093 $688,133,699,636
2004 $4,410,764,339 $661,224,886,143
2003 $2,484,745,935 $582,435,617,082
2002 $1,806,742,742 $475,529,972,123
2001 $1,461,139,022 $432,536,219,669
2000 $1,045,998,496 $417,649,282,154
1999 $621,117,886 $447,778,514,140
1998 $370,687,634 $438,612,530,549
1997 $442,337,871 $417,506,211,882
1996 $232,463,023 $451,372,549,020
1995 $141,853,361 $452,967,334,614
1994 $100,807,003 $379,688,232,232
1993 $136,047,906 $354,070,495,966
1992 $134,707,184 $363,497,050,125
1991 $110,906,029 $327,982,316,124
1990 $112,119,411 $318,799,003,994
1989 $88,265,975 $258,716,904,292
1988 $100,534,657 $262,295,966,105
1987 $93,345,860 $245,406,949,521
1986 $76,407,396 $201,157,708,221
1985 $62,118,570 $144,057,523,222
1984 $50,320,914 $144,124,462,912
1983 $44,442,457 $153,671,294,109
1982 $44,294,648 $158,712,765,536
1981 $36,731,423 $164,375,775,854
1980 $50,642,881 $195,439,301,707
1979 - $179,933,827,310
1978 - $156,089,077,205
1977 $103,987,520 $127,203,923,857
1976 $103,653,050 $109,329,386,564
1975 $104,295,643 $100,397,061,694
1974 $94,159,863 $87,371,810,804
1973 $81,203,227 $71,946,639,603
1972 $65,429,198 $54,787,070,173
1971 $64,946,955 $44,644,730,576
1970 $66,331,429 $38,220,884,519
1969 $67,225,714 $34,086,038,090
1968 $67,514,286 $30,097,635,751
1967 $72,317,447 $27,143,828,099
1966 $69,110,000 $24,741,480,717
1965 $64,748,333 $22,721,869,808
1964 $51,915,000 $20,232,048,553
1963 $44,266,667 $17,193,744,109
1962 $37,253,333 $15,847,582,341
1961 - $14,599,836,396
1960 - $13,282,979,015

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

GeoRank.org/economy/equatorial-guinea/netherlands | CC BY

GDP per capita in Equatorial Guinea vs Netherlands by year

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Netherlands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Equatorial Guinea Netherlands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,615 - $73,684 -
2024 $7,004 $17,567 $67,465 $86,174
2023 $6,788 $17,412 $63,516 $81,729
2022 $7,589 $18,140 $59,123 $78,630
2021 $6,946 $16,821 $60,142 $68,574
2020 $5,764 $13,677 $53,468 $62,597
2019 $6,804 $16,451 $53,555 $62,345
2018 $8,102 $18,413 $53,955 $58,819
2017 $7,809 $18,435 $49,514 $56,038
2016 $7,453 $16,649 $46,809 $53,162
2015 $9,069 $19,479 $45,794 $50,957
2014 $15,549 $27,177 $53,457 $49,751
2013 $16,304 $27,910 $52,602 $49,622
2012 $17,309 $30,012 $50,474 $47,653
2011 $17,198 $27,242 $54,702 $47,004
2010 $13,720 $26,168 $51,306 $45,301
2009 $13,233 $29,722 $53,172 $44,959
2008 $18,211 $30,523 $58,247 $46,714
2007 $12,617 $26,611 $52,101 $44,203
2006 $10,185 $23,511 $45,124 $41,208
2005 $8,674 $22,137 $42,165 $37,778
2004 $4,901 $19,354 $40,611 $35,961
2003 $2,931 $14,496 $35,897 $34,286
2002 $2,264 $13,255 $29,447 $34,568
2001 $1,949 $11,627 $26,956 $33,259
2000 $1,487 $7,420 $26,225 $31,895
1999 $931 $6,470 $28,319 $29,316
1998 $578 $5,280 $27,924 $27,749
1997 $717 $4,387 $26,745 $26,062
1996 $392 $1,793 $29,064 $24,564
1995 $248.3 $1,098 $29,301 $23,480
1994 $183.2 $951 $24,683 $22,414
1993 $256.7 $828 $23,156 $21,443
1992 $263.7 $756 $23,939 $20,831
1991 $225.3 $569 $21,764 $20,177
1990 $236.4 $577 $21,322 $19,203
1989 $193.2 - $17,423 -
1988 $228.7 - $17,771 -
1987 $220.9 - $16,734 -
1986 $188.8 - $13,804 -
1985 $161.1 - $9,941 -
1984 $137.9 - $9,992 -
1983 $129.4 - $10,696 -
1982 $137.5 - $11,089 -
1981 $121.1 - $11,537 -
1980 $175.5 - $13,812 -
1979 - - $12,817 -
1978 - - $11,196 -
1977 $376 - $9,180 -
1976 $369 - $7,937 -
1975 $362 - $7,346 -
1974 $319 - $6,450 -
1973 $268.6 - $5,353 -
1972 $211.4 - $4,110 -
1971 $205.6 - $3,384 -
1970 $206.8 - $2,931 -
1969 $208.4 - $2,647 -
1968 $211.7 - $2,364 -
1967 $231.9 - $2,155 -
1966 $226.7 - $1,986 -
1965 $217.1 - $1,848 -
1964 $177.8 - $1,668 -
1963 $154.8 - $1,437 -
1962 $132.9 - $1,342 -
1961 - - $1,254 -
1960 - - $1,156 -

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

GeoRank.org/economy/equatorial-guinea/netherlands | CC BY

Equatorial Guinea's GDP per capita is $6,615, ranking 107/197, compared to $73,684 in the Netherlands, ranking 12/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 106th at $17,567, while the Netherlands ranks 11th at $86,174.

Economic indicators

Equatorial Guinea Netherlands
Gross domestic product
$12.8B
2025
$1.33T
2025
GDP rank
150/197
2025
18/197
2025
GDP growth
-5.85%
2024-2025
1.78%
2024-2025
GDP per capita
$6,615
2025
$73,684
2025
GDP per capita rank
107/197
2025
12/197
2025
GDP per capita, PPP
$17,567
2024
$86,174
2024
GDP per capita PPP rank
106/197
2024
11/197
2024
Government debt
$5.21B
2025
$578B
2025
Debt-to-GDP ratio
40.6%
2025
43.3%
2025
Government debt per person
$2,686
2025
$31,942
2025
Government debt per person rank
109/185
2025
23/185
2025
Average annual personal income after taxes
$4,723
2026
$46,674
2026
Market capitalization of domestic companies n/a
$1.1T
2017
Number of millionaires n/a
1,294,000
2026
Number of billionaires n/a
13
2026
Income share by richest 10%
29.1%
2022
21.4%
2021
Income share by poorest 10%
2.6%
2022
3.6%
2021
Government expenditure, % of GDP
20.7%
2025
45.1%
2025
Consumer prices inflation
2.8%
2024-2025
3.26%
2024-2025
Unemployment rate
8.6%
2014
3.9%
2025
Population
2008950
18243998

Spending and national debt comparison by year

Equatorial Guinea
Spending

Debt
Netherlands
Spending

Debt
1x
Year % of GDP
Equatorial Guinea Netherlands
Government spending Government debt Government spending Government debt
2025 20.7% 40.6% 45.1% 43.3%
2024 18.5% 36.4% 44.4% 43.7%
2023 19.2% 39.1% 44% 45.8%
2022 14.8% 29.8% 43.3% 48.4%
2021 12.7% 42.3% 45.9% 50.5%
2020 16.2% 49.4% 47.8% 53.4%
2019 16.8% 43.2% 42.1% 47.7%
2018 19.1% 40.6% 42.4% 51.6%
2017 20.1% 36.2% 42.8% 56%
2016 27.8% 41.1% 43.9% 60.9%
2015 41.6% 31.7% 45.3% 63.8%
2014 31.6% 12.6% 46.7% 67.2%
2013 29.3% 6.27% 47.5% 67.2%
2012 35.2% 7.1% 47.6% 65.7%
2011 27.5% 7.17% 47.8% 61.2%
2010 31.2% 7.89% 48.9% 58.9%
2009 39.8% 4.34% 48.4% 56.3%
2008 19.9% 0.49% 44.3% 54.4%
2007 19.7% 0.75% 43.3% 42.7%
2006 18.1% 1.22% 44% 45%
2005 14.1% 2.85% 43.4% 49.6%
2004 15.5% 4.54% 44.7% 50.1%
2003 11.8% 6.77% 45.8% 49.8%
2002 11.3% 19.4% 44.8% 48.7%
2001 13.5% 25.5% 44.1% 49.4%
2000 22.6% 36.6% 43.2% 52.2%
1999 18.7% 60.5% 44.3% 58.6%
1998 35.1% 59.2% 44.6% 62.7%
1997 14.8% 46.3% 45.7% 65.7%
1996 22.9% 91.2% 47.3% 71.2%
1995 141.5% 136.9% 53.9% 73%
1994 510% 216% 49.4% 73.5%
1993 256.3% 152.6% 50.9% 76.7%
1992 595% 136.9% 50.2% 75.6%
1991 284.5% 169.5% 49.6% 74.8%
1990 212.9% 157% 48.8% 75%
1989 116.8% 187% 54.5% 73.7%
1988 227.9% 154.5% 56.4% 73.7%
1987 183% 141.3% 58.5% 71.3%
1986 119% 152.5% 57% 68.9%
1985 115.4% 183.8% 57.3% 67.1%
1984 - - 58.1% 61.9%
1983 - - 59.1% 58.4%
1982 - - 59.1% 52.4%
1981 - - 56.8% 46.9%
1980 - - 55.2% 43.6%
1979 - - 53.7% 39.5%
1978 - - 52.3% 38.1%
1977 - - 50.6% 34.9%
1976 - - 50.8% 35.2%
1975 - - 50.8% 36.1%
1974 - - 46.4% 36.3%
1973 - - 44.6% 38.1%
1972 - - 44.9% 41.3%
1971 - - 44.6% 43.7%
1970 - - 43.2% 46.1%
1969 - - 42.1% 48.2%
1968 - - 25.4% 54.4%
1967 - - 24.1% 55%
1966 - - 24.4% 55.6%
1965 - - 23.4% 55.8%
1964 - - 22.3% 57.1%
1963 - - 21.9% 61.7%
1962 - - 22.1% 63.8%
1961 - - 22.2% 65.9%
1960 - - 20.4% 66.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/equatorial-guinea/netherlands | CC BY

In 2025, Equatorial Guinea's government spending was $2.65B, accounting for 20.7% of its GDP, while the Netherlands spent $602B, or 45.1% of GDP.

Debt-to-GDP ratio is 40.6% in Equatorial Guinea and 43.3% in the Netherlands, ranking 132/185 and 121/185, respectively.

Government deficit by year

Deficit/surplus
Equatorial Guinea

Netherlands
1x
Year Deficit/surplus, % of GDP
Equatorial Guinea Netherlands
2025 -2.55% -1.84%
2024 -0.55% -0.94%
2023 2.39% -0.37%
2022 11.7% 0.002%
2021 2.65% -2.26%
2020 -1.77% -3.72%
2019 1.82% 1.91%
2018 0.52% 1.49%
2017 -2.59% 1.35%
2016 -10.9% 0.23%
2015 -15.1% -1.84%
2014 -7.54% -2.17%
2013 -4.4% -2.87%
2012 -7.24% -3.83%
2011 0.83% -4.42%
2010 -4.53% -5.3%
2009 -6.47% -5.06%
2008 14.6% -0.06%
2007 17.2% -0.16%
2006 21.8% 0.04%
2005 18.5% -0.51%
2004 9.22% -1.82%
2003 9.99% -3.19%
2002 17.6% -2.23%
2001 14.9% -0.47%
2000 -2.67% 1.14%
1999 -0.19% 0.28%
1998 -7.65% -1.34%
1997 3.21% -1.6%
1996 -6.36% -1.91%
1995 -123.4% -8.72%
1994 -487% -3.53%
1993 -217.9% -3.13%
1992 -557% -3.12%
1991 -236% -2.05%
1990 -160.2% -4.08%
1989 -76.2% -5%
1988 -208.5% -4.23%
1987 -158% -5.39%
1986 -97.3% -4.62%
1985 -89.3% -3.6%
1984 - -5.25%
1983 - -5.47%
1982 - -6.17%
1981 - -4.92%
1980 - -3.95%
1979 - -2.46%
1978 - -2.09%
1977 - -0.75%
1976 - -2.02%
1975 - -2.82%
1974 - -0.26%
1973 - 0.54%
1972 - -0.7%
1971 - -1.58%
1970 - -1.52%
1969 - -1.14%
1968 - -3.06%
1967 - -1.97%
1966 - -2.37%
1965 - -1.15%
1964 - -1.2%
1963 - -0.54%
1962 - -1.38%
1961 - -0.38%
1960 - 0.9%
1959 - -0.74%
1958 - -0.89%
1957 - 0.3%
1956 - -0.83%
1955 - -0.25%
1954 - 0.76%
1953 - -2.95%
1952 - 2.19%
1951 - 2.13%
1950 - 0.81%
1949 - 2.3%
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -3.19%
1938 - -0.37%
1937 - 0.02%
1936 - -0.41%
1935 - -0.69%
1934 - -0.92%
1933 - -2.55%
1932 - -1.97%
1931 - -1.66%
1930 - -0.55%
1929 - -1.16%
1928 - -0.62%
1927 - -0.33%
1926 - -0.78%
1925 - -2.04%
1924 - -3.37%
1923 - -2.62%
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.45%
1912 - -0.47%
1911 - -0.13%
1910 - -0.93%
1909 - -0.34%
1908 - -0.57%
1907 - 0.03%
1906 - 0.16%
1905 - 0.1%
1904 - -0.72%
1903 - 0.09%
1902 - -0.14%
1901 - 0.03%
1900 - 0.06%
1899 - -0.13%
1898 - -0.48%
1897 - -0.45%
1896 - 0.08%
1895 - -0.06%
1894 - 0.12%
1893 - -0.76%
1892 - -1.72%
1891 - -0.06%
1890 - -0.06%
1889 - 0.04%
1888 - -0.31%
1887 - -0.37%
1886 - -0.08%
1885 - -0.55%
1884 - 0%
1883 - -2.1%
1882 - -1.11%
1881 - -1.06%
1880 - 0.21%

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/equatorial-guinea/netherlands | CC BY

In 2025, Equatorial Guinea's government deficit, the difference between spending and revenue, was $327M, equivalent to 2.55% of GDP. This compares to the Netherlands' deficit of $24.5B, or 1.84% of GDP.

Over the past 41 years, Equatorial Guinea recorded a fiscal deficit in 26 of those years, while the Netherlands ran a deficit in 33 years. On average, Equatorial Guinea posted an annual deficit equal to 57.2% of GDP, compared to deficit of 2.17% of GDP for the Netherlands.

Inflation comparison by year

Inflation
Equatorial Guinea

Netherlands
1x
Year Consumer prices inflation
Equatorial Guinea Netherlands
2025 2.8% 3.26%
2024 3.4% 3.35%
2023 2.4% 3.84%
2022 4.9% 10%
2021 -0.1% 2.68%
2020 4.8% 1.27%
2019 1.2% 2.63%
2018 1.3% 1.7%
2017 0.7% 1.38%
2016 1.4% 0.32%
2015 1.7% 0.6%
2014 4.3% 0.98%
2013 3.2% 2.51%
2012 3.4% 2.46%
2011 4.8% 2.34%
2010 5.3% 1.28%
2009 5.7% 1.19%
2008 4.7% 2.49%
2007 2.8% 1.61%
2006 4.5% 1.1%
2005 5.6% 1.69%
2004 4.2% 1.26%
2003 7.3% 2.09%
2002 7.6% 3.29%
2001 8.7% 4.16%
2000 4.8% 2.36%
1999 0.4% 2.16%
1998 7.9% 1.96%
1997 3% 2.11%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/equatorial-guinea/netherlands | CC BY

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.89%, compared with 2.35% in the Netherlands. In 2025, inflation was 2.8% in Equatorial Guinea and 3.26% in the Netherlands.

Top exports between countries

Equatorial Guinea
Export category Export value
Raw materials & minerals $241M
Metals $369K
Textiles & consumer goods $47K
Machinery & equipment $5K
Chemicals & pharma $1K
Netherlands
Export category Export value
Processed food, beverages & tobacco $15.4M
Animal & marine products $10.3M
Machinery & equipment $9.75M
Chemicals & pharma $2.7M
Raw agricultural goods $2.52M
Raw materials & minerals $2.42M
Textiles & consumer goods $1.75M
Metals $413K
Miscellaneous $155K
Weapons & explosives $115K

Balance of trade

Equatorial Guinea Netherlands
Current account balance
-$344M
1996
$111B
2024
Current account balance ranking
98/190
1996
6/190
2024
Current account balance, % of GDP
-148%
1996
+9.14%
2024
Goods imports
$292M
1996
$606B
2024
Goods exports
$175M
1996
$693B
2024
Service imports
$185M
1996
$262B
2024
Service exports
$4.88M
1996
$308B
2024
Imports of goods and services, % of GDP
28.4%
2025
69.5%
2025
Exports of goods and services, % of GDP
46.5%
2025
80.7%
2025

Economic freedom indices

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

Equatorial Guinea Netherlands
Economic freedom 47.4 78.5
Economic freedom ranking 175/197 11/197
Property rights 16.9 96
Government integrity 6.9 86.8
Judicial effectiveness 7.2 96.1
Tax burden 81 54
Government spending 90.8 42.2
Fiscal health 97.3 95.9
Business freedom 35.9 85
Labor freedom 45.2 59.3
Monetary freedom 73.5 77
Trade freedom 43.6 79.4
Investment freedom 40 90
Financial freedom 30 80

Economic freedom comparison by year

Equatorial Guinea
Netherlands
1x
Year Economic freedom index
Equatorial Guinea Netherlands
2026 47.4 78.5
2025 47.7 78.2
2024 47.7 77.3
2023 48.3 78
2022 47.2 79.5
2021 49.2 76.8
2020 48.3 77
2019 41 76.8
2018 42 76.2
2017 45 75.8
2016 43.7 74.6
2015 40.4 73.7
2014 44.4 74.2
2013 42.3 73.5
2012 42.8 73.3
2011 47.5 74.7
2010 48.6 75
2009 51.3 77
2008 51.6 77.4
2007 53.2 75.5
2006 51.5 75.4
2005 53.3 72.9
2004 53.3 74.5
2003 53.1 74.6
2002 46.4 75.1
2001 47.9 73
2000 45.6 70.4
1999 45.1 70.2
1998 - 69.2
1997 - 70.4
1996 - 69.7

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

GeoRank.org/economy/equatorial-guinea/netherlands | CC BY

The Economic Freedom Index for Equatorial Guinea is 47.4, ranking 175/197, compared to 78.5 for the Netherlands, ranking 11/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Equatorial Guinea Netherlands
Services, % of GDP
55.5%
2025
70.4%
2025
Industry, % of GDP
41.4%
2025
17.7%
2025
Agriculture, forestry, and fishing, % of GDP
3.21%
2025
1.68%
2025
GNI, Atlas method
$11.4B
2025
$1.24T
2025
GNI per capita, PPP
$14,610
2025
$85,480
2025
Total reserves including gold
$1.08B
2024
$118B
2025
Total reserves ranking
141/177
2024
27/177
2025
Net foreign direct investment
-$376M
1996
$11.1B
2024
Net inflows of foreign direct investment
$188M
2024
-$17.1B
2024
Net outflows of foreign direct investment
$154M
2024
-$5.93B
2024
Poverty at national poverty lines
50.7%
2022
14.5%
2021
Gross capital formation, % of GDP
-3.68%
2025
19.8%
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/equatorial-guinea/netherlands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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.

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.