Skip to content

Economy of Equatorial Guinea vs Serbia compared: GDP & Debt

Updated on by Georank team

Equatorial Guinea has a GDP of $12.8B compared to $89.1B for Serbia, ranking 148/197 and 75/197 by economy size, respectively.

Equatorial Guinea has $4.62B in government debt (35.1% of GDP), compared to $39.6B (44.4% of GDP) in Serbia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Equatorial Guinea
GDP, current $

GDP, constant 2015 $
Serbia
GDP, current $

GDP, constant 2015 $
Year GDP
Equatorial Guinea Serbia
Current $ Constant $ Current $ Constant $
1962 $37,253,333 - - -
1963 $44,266,667 - - -
1964 $51,915,000 - - -
1965 $64,748,333 - - -
1966 $69,110,000 - - -
1967 $72,317,447 - - -
1968 $67,514,286 - - -
1969 $67,225,714 - - -
1970 $66,331,429 - - -
1971 $64,946,955 - - -
1972 $65,429,198 - - -
1973 $81,203,227 - - -
1974 $94,159,863 - - -
1975 $104,295,643 - - -
1976 $103,653,050 - - -
1977 $103,987,520 - - -
1978 - - - -
1979 - - - -
1980 $50,642,881 $132,086,051 - -
1981 $36,731,423 $139,706,651 - -
1982 $44,294,648 $142,782,539 - -
1983 $44,442,457 $149,927,930 - -
1984 $50,320,914 $151,444,273 - -
1985 $62,118,570 $170,988,428 - -
1986 $76,407,396 $167,003,446 - -
1987 $93,345,860 $174,412,950 - -
1988 $100,534,657 $179,044,071 - -
1989 $88,265,975 $176,843,301 - -
1990 $112,119,411 $173,733,398 - -
1991 $110,906,029 $171,957,428 - -
1992 $134,707,184 $231,704,586 - -
1993 $136,047,906 $257,269,047 - -
1994 $100,807,003 $300,152,801 - -
1995 $141,853,361 $352,638,312 $17,921,892,655 $22,980,131,489
1996 $232,463,023 $587,424,890 $23,277,430,168 $24,396,847,843
1997 $442,337,871 $1,468,403,405 $27,153,408,995 $26,576,270,133
1998 $370,687,634 $1,817,508,713 $21,004,077,441 $27,996,145,144
1999 $621,117,886 $2,283,954,429 $20,878,694,851 $25,105,401,157
2000 $1,045,998,496 $2,699,948,864 $7,326,373,882 $26,625,556,359
2001 $1,461,139,022 $4,411,173,090 $13,599,378,662 $28,430,374,779
2002 $1,806,742,742 $5,269,712,387 $17,930,583,571 $30,290,019,296
2003 $2,484,745,935 $6,005,113,942 $23,593,044,418 $31,671,150,129
2004 $4,410,764,339 $8,286,980,786 $26,845,632,342 $33,788,958,042
2005 $8,217,369,093 $9,674,942,387 $28,334,256,181 $35,783,688,498
2006 $10,086,528,699 $10,420,388,727 $33,298,057,362 $37,179,489,902
2007 $13,071,718,759 $12,012,844,403 $44,888,028,946 $40,091,414,195
2008 $19,749,893,536 $14,151,023,688 $54,220,641,202 $42,160,489,092
2009 $15,027,795,173 $14,341,122,354 $46,955,984,410 $40,835,549,150
2010 $16,314,443,436 $13,061,295,371 $43,536,629,233 $41,493,398,683
2011 $21,357,343,669 $13,913,404,306 $51,251,098,408 $41,515,918,179
2012 $22,388,344,144 $15,070,007,775 $45,103,269,969 $41,331,605,757
2013 $21,948,834,284 $14,447,134,440 $50,455,529,604 $41,518,250,511
2014 $21,765,453,082 $14,507,099,626 $49,114,321,280 $40,769,149,069
2015 $13,185,496,881 $13,185,496,881 $41,297,410,635 $41,297,410,635
2016 $11,240,808,848 $12,023,008,462 $42,225,495,910 $42,526,090,284
2017 $12,200,913,879 $11,341,603,435 $45,972,834,714 $43,531,149,260
2018 $13,097,012,134 $10,634,279,339 $52,787,520,249 $45,555,064,903
2019 $11,364,133,550 $10,051,326,715 $53,864,693,665 $47,719,025,212
2020 $9,893,816,008 $9,569,759,527 $55,874,017,669 $47,265,683,024
2021 $12,215,878,033 $9,652,085,293 $66,159,884,073 $51,022,858,875
2022 $13,687,643,436 $9,963,221,065 $66,797,564,758 $52,365,263,375
2023 $12,337,550,584 $9,456,161,987 $81,342,660,752 $54,380,001,765
2024 $12,765,777,677 $9,541,952,851 $89,083,506,277 $56,488,865,192

Economic indicators

Equatorial Guinea Serbia
Gross domestic product
$12.8B
2024
$89.1B
2024
GDP rank
148/197
2024
75/197
2024
GDP growth
3.47%
2023-2024
9.52%
2023-2024
GDP per capita
$6,745
2024
$13,524
2024
GDP per capita rank
106/197
2024
74/197
2024
GDP per capita, PPP
$17,567
2024
$31,867
2024
Government debt
$4.62B
2024
$39.6B
2024
Debt-to-GDP ratio
35.1%
2025
44.4%
2025
Government debt per person
$2,442
2024
$6,015
2024
Government debt per person rank
112/185
2024
74/185
2024
Average annual personal income after taxes
$4,393
2025
$11,469
2025
Market capitalization of domestic companies n/a
$4.06B
2011
Income share by richest 10%
29.1%
2022
24.7%
2022
Income share by poorest 10%
2.6%
2022
2.4%
2022
Government expenditure, % of GDP
18.7%
2025
43.4%
2025
Consumer prices inflation
2.9%
2024-2025
4.67%
2023-2024
Central bank interest rate n/a
5.75%
2024
Unemployment rate
8.6%
2014
7.24%
2024
Population
1975406
6541064

GDP per capita in Equatorial Guinea vs Serbia

Equatorial Guinea's GDP per capita is $6,745, ranking 106/197, compared to $13,524 in Serbia, ranking 74/197. Adjusted for purchasing power (GDP per capita PPP), Equatorial Guinea ranks 103rd at $17,567, while Serbia ranks 69th at $31,867.

Equatorial Guinea
GDP per capita

GDP per capita, PPP
Serbia
GDP per capita

GDP per capita, PPP
Year Current $
Equatorial Guinea Serbia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1962 $132.9 - - -
1963 $154.8 - - -
1964 $177.8 - - -
1965 $217.1 - - -
1966 $226.7 - - -
1967 $231.9 - - -
1968 $211.7 - - -
1969 $208.4 - - -
1970 $206.8 - - -
1971 $205.6 - - -
1972 $211.4 - - -
1973 $268.6 - - -
1974 $319 - - -
1975 $362 - - -
1976 $369 - - -
1977 $376 - - -
1978 $376 - - -
1979 $372 - - -
1980 $175.5 - - -
1981 $121.1 - - -
1982 $137.5 - - -
1983 $129.4 - - -
1984 $137.9 - - -
1985 $161.1 - - -
1986 $188.8 - - -
1987 $220.9 - - -
1988 $228.7 - - -
1989 $193.2 - - -
1990 $236.4 $577 - -
1991 $225.3 $569 - -
1992 $263.7 $756 - -
1993 $256.7 $828 - -
1994 $183.2 $951 - -
1995 $248.3 $1,098 $2,349 $5,021
1996 $392 $1,793 $3,054 $5,433
1997 $717 $4,387 $3,574 $6,039
1998 $578 $5,280 $2,775 $6,459
1999 $931 $6,470 $2,769 $5,895
2000 $1,487 $7,420 $975 $6,414
2001 $1,949 $11,627 $1,812 $6,803
2002 $2,264 $13,255 $2,391 $7,563
2003 $2,931 $14,496 $3,154 $8,024
2004 $4,901 $19,354 $3,597 $8,716
2005 $8,674 $22,137 $3,808 $9,398
2006 $10,185 $23,511 $4,493 $10,466
2007 $12,617 $26,611 $6,081 $11,686
2008 $18,211 $30,523 $7,377 $13,123
2009 $13,233 $29,722 $6,414 $13,031
2010 $13,720 $26,168 $5,971 $13,322
2011 $17,198 $27,242 $7,082 $14,298
2012 $17,309 $30,012 $6,263 $14,506
2013 $16,304 $27,910 $7,040 $15,247
2014 $15,549 $27,177 $6,887 $15,296
2015 $9,069 $19,479 $5,820 $15,550
2016 $7,453 $16,649 $5,982 $16,455
2017 $7,809 $18,435 $6,548 $17,285
2018 $8,102 $18,413 $7,560 $18,469
2019 $6,804 $16,451 $7,756 $20,587
2020 $5,764 $13,677 $8,099 $21,013
2021 $6,946 $16,821 $9,681 $23,406
2022 $7,589 $18,140 $10,023 $26,242
2023 $6,678 $17,412 $12,282 $28,748
2024 $6,745 $17,567 $13,524 $31,867

Spending and national debt comparison

In 2024, Equatorial Guinea's government spending was $2.52B, accounting for 18.7% of its GDP, while Serbia's spent $37.8B, or 43.4% of GDP.

Debt-to-GDP ratio is 35.1% in Equatorial Guinea and 44.4% in Serbia, ranking 148/185 and 117/185, respectively.

Equatorial Guinea
Government spending

Government debt
Serbia
Government spending

Government debt
Year % of GDP
Equatorial Guinea Serbia
Government spending Government debt Government spending Government debt
1985 115.4% 183.8% - -
1986 119% 152.5% - -
1987 183% 141.3% - -
1988 227.9% 154.5% - -
1989 116.8% 187% - -
1990 212.9% 157% - -
1991 284.5% 169.5% - -
1992 595% 136.9% - -
1993 256.3% 152.6% - -
1994 510% 216% - -
1995 141.5% 136.9% - -
1996 22.9% 91.2% - -
1997 14.8% 46.3% - -
1998 35.1% 59.2% - -
1999 18.7% 60.5% - -
2000 22.6% 36.6% 28% 200.6%
2001 13.5% 25.5% 30.5% 95.9%
2002 11.3% 19.4% 38.6% 68.4%
2003 13.9% 6.77% 37.6% 64.4%
2004 10.8% 4.54% 37.8% 57.6%
2005 14.1% 2.85% 38.9% 50.1%
2006 18.1% 1.22% 41.3% 37%
2007 19.7% 0.75% 40.6% 30%
2008 19.9% 0.49% 43.7% 29.4%
2009 39.8% 4.34% 41.1% 32.6%
2010 31.2% 7.89% 41.2% 38.2%
2011 27.5% 7.17% 40% 42%
2012 35.2% 7.1% 43.3% 51.7%
2013 29.3% 6.27% 40.6% 54.1%
2014 31.6% 12.6% 42.9% 63.5%
2015 41.6% 31.7% 41% 67.1%
2016 27.8% 41.1% 40.3% 65%
2017 20.1% 36.2% 38.5% 55.3%
2018 19.1% 40.6% 39% 51.1%
2019 16.8% 43.2% 40.2% 49.5%
2020 16.2% 49.4% 46% 54.3%
2021 12.7% 42.3% 44.4% 53.6%
2022 14.8% 29.8% 41.4% 50.9%
2023 19.2% 36.3% 40.6% 45.7%
2024 19.7% 36.2% 42.4% 44.5%
2025 18.7% 35.1% 43.4% 44.4%

Government deficit by year

In 2024, Equatorial Guinea's government deficit, the difference between spending and revenue, was -$158M, equivalent to -1.23% of GDP. This compares to Serbia's deficit of -$1.54B, or -1.73% of GDP.

Over the past 25 years, Equatorial Guinea recorded a fiscal deficit in 11 of those years, while Serbia ran a deficit in 20 years. On average, Equatorial Guinea posted an annual surplus equal to +3.27% of GDP, compared to deficit of -2.07% of GDP for Serbia.

Deficit/surplus
Equatorial Guinea

Serbia
Year Deficit/surplus, % of GDP
Equatorial Guinea Serbia
1985 -89.3% -
1986 -97.3% -
1987 -158% -
1988 -208.5% -
1989 -76.2% -
1990 -160.2% -
1991 -236% -
1992 -557% -
1993 -217.9% -
1994 -487% -
1995 -123.4% -
1996 -6.36% -
1997 3.21% -
1998 -7.65% -
1999 -0.19% -
2000 -2.67% -0.15%
2001 14.9% 0.32%
2002 17.6% -2.33%
2003 7.85% -2.39%
2004 13.9% 0.06%
2005 18.5% 1.02%
2006 21.8% -0.9%
2007 17.2% -0.8%
2008 14.6% -4.25%
2009 -6.47% -3.3%
2010 -4.53% -3.35%
2011 0.83% -3.75%
2012 -7.24% -6.11%
2013 -4.4% -4.79%
2014 -7.54% -5.61%
2015 -15.1% -3.25%
2016 -10.9% -1.08%
2017 -2.59% 1.32%
2018 0.52% 0.78%
2019 1.82% -0.004%
2020 -1.77% -6.91%
2021 2.65% -3.16%
2022 11.7% -0.14%
2023 2.39% -1.21%
2024 -1.23% -1.73%
2025 -0.78% -2.77%

Inflation comparison by year

Over the past 29 years, Equatorial Guinea has recorded an average annual inflation rate of 3.94%, compared with 18.3% in Serbia. In 2024, inflation was 2.9% in Equatorial Guinea and 4.67% in Serbia.

Inflation
Equatorial Guinea

Serbia
Year Inflation
Equatorial Guinea Serbia Equatorial Guinea Serbia
1996 4.5% 95.6%
1997 3% 23.3%
1998 7.9% 30.2%
1999 0.4% 42.5%
2000 4.8% 71.1%
2001 8.7% 95%
2002 7.6% 19.5%
2003 7.3% 9.88%
2004 4.2% 11%
2005 5.6% 16.1%
2006 4.5% 11.7%
2007 2.8% 6.39%
2008 4.7% 12.4%
2009 5.7% 8.12%
2010 5.3% 6.14%
2011 4.8% 11.1%
2012 3.4% 7.33%
2013 3.2% 7.69%
2014 4.3% 2.08%
2015 1.7% 1.39%
2016 1.4% 1.12%
2017 0.7% 3.13%
2018 1.3% 1.96%
2019 1.2% 1.85%
2020 4.8% 1.58%
2021 -0.1% 4.09%
2022 4.9% 12%
2023 2.4% 12.4%
2024 3.4% 4.67%
2025 2.9% -

Top exports between countries

Equatorial Guinea
Export category Export value
Serbia
Export category Export value
Processed food, beverages & tobacco $2.13M
Miscellaneous $2M
Machinery & equipment $1.14M
Raw agricultural goods $828K
Metals $304K
Textiles & consumer goods $266K
Wood & paper products $197K
Raw materials & minerals $166K
Chemicals & pharma $88K
Animal & marine products $67K

Balance of trade

Equatorial Guinea Serbia
Current account balance
-$344M
1996
-$4.31B
2024
Current account balance ranking
99/189
1996
162/189
2024
Current account balance, % of GDP
-148%
1996
-4.84%
2024
Goods imports
$292M
1996
$39.6B
2024
Goods exports
$175M
1996
$32.2B
2024
Service imports
$185M
1996
$12.7B
2024
Service exports
$4.88M
1996
$15.6B
2024
Imports of goods and services, % of GDP
25.4%
2024
58.8%
2024
Exports of goods and services, % of GDP
35.2%
2024
52.7%
2024

Economic freedom indices

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

Equatorial Guinea Serbia
Economic freedom 47.7 64.4
Economic freedom ranking 175/197 71/197
Property rights 18.7 58.9
Government integrity 7.2 37.2
Judicial effectiveness 7.1 50.8
Tax burden 74.9 87.3
Government spending 92.5 40.2
Fiscal health 97.2 91.2
Business freedom 36.5 74.7
Labor freedom 44.9 66.6
Monetary freedom 74.3 68.5
Trade freedom 48.8 77.2
Investment freedom 40 70
Financial freedom 30 50

Economic freedom by year comparison

The Economic Freedom Index for Equatorial Guinea is 47.7, ranking 175/197, compared to 64.4 for Serbia, ranking 71/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Equatorial Guinea
Serbia
Year Economic freedom index
Equatorial Guinea Serbia
1999 45.1 -
2000 45.6 -
2001 47.9 -
2002 46.4 46.6
2003 53.1 43.5
2004 53.3 -
2005 53.3 -
2006 51.5 -
2007 53.2 -
2008 51.6 -
2009 51.3 56.6
2010 48.6 56.9
2011 47.5 58
2012 42.8 58
2013 42.3 58.6
2014 44.4 59.4
2015 40.4 60
2016 43.7 62.1
2017 45 58.9
2018 42 62.5
2019 41 63.9
2020 48.3 66
2021 49.2 67.2
2022 47.2 65.2
2023 48.3 63.5
2024 47.7 62.7
2025 47.7 64.4

More economic indicators

Equatorial Guinea Serbia
Services, % of GDP
51.1%
2024
58.5%
2024
Industry, % of GDP
45.8%
2024
23.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.15%
2024
3.15%
2024
GNI, Atlas method
$8.96B
2024
$76.2B
2024
GNI per capita, PPP
$12,330
2024
$29,870
2024
Total reserves including gold
$1.54B
2023
$30.5B
2024
Total reserves ranking
134/177
2023
55/177
2024
Net foreign direct investment
-$376M
1996
-$4.98B
2024
Net inflows of foreign direct investment
$188M
2024
$5.64B
2024
Net outflows of foreign direct investment
$154M
2024
$660M
2024
Servicing debt to the IMF, % of GNI
n/a
7.86%
2023
Poverty at national poverty lines
50.7%
2022
19.7%
2023
Gross capital formation, % of GDP
8.96%
2024
25.6%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

Economy vs Equatorial Guinea vs Serbia
Afghanistan Compare Compare
Albania Compare Compare
Algeria Compare Compare
Andorra Compare Compare
Angola Compare Compare
Antigua Compare Compare
Argentina Compare Compare
Armenia Compare Compare
Australia Compare Compare
Austria Compare Compare
Azerbaijan Compare Compare
Bahamas Compare Compare
Bahrain Compare Compare
Bangladesh Compare Compare
Barbados Compare Compare
Belarus Compare Compare
Belgium Compare Compare
Belize Compare Compare
Benin Compare Compare
Bhutan Compare Compare
Bolivia Compare Compare
Bosnia Compare Compare
Botswana Compare Compare
Brazil Compare Compare
Brunei Compare Compare
Bulgaria Compare Compare
Burkina Faso Compare Compare
Burundi Compare Compare
Cambodia Compare Compare
Cameroon Compare Compare
Canada Compare Compare
Cape Verde Compare Compare
Cayman Islands Compare Compare
CAR Compare Compare
Chad Compare Compare
Chile Compare Compare
China Compare Compare
Colombia Compare Compare
Comoros Compare Compare
Congo Compare Compare
Costa Rica Compare Compare
Croatia Compare Compare
Cuba Compare Compare
Curacao Compare Compare
Cyprus Compare Compare
Czech Republic Compare Compare
DR Congo Compare Compare
Denmark Compare Compare
Djibouti Compare Compare
Dominica Compare Compare
Dominican Republic Compare Compare
East Timor Compare Compare
Ecuador Compare Compare
Egypt Compare Compare
El Salvador Compare Compare
Eritrea Compare Compare
Estonia Compare Compare
Eswatini Compare Compare
Ethiopia Compare Compare
Fiji Compare Compare
Finland Compare Compare
France Compare Compare
Gabon Compare Compare
Gambia Compare Compare
Georgia Compare Compare
Germany Compare Compare
Ghana Compare Compare
Greece Compare Compare
Grenada Compare Compare
Guatemala Compare Compare
Guinea Compare Compare
Guinea-Bissau Compare Compare
Guyana Compare Compare
Haiti Compare Compare
Honduras Compare Compare
Hungary Compare Compare
Iceland Compare Compare
India Compare Compare
Indonesia Compare Compare
Iran Compare Compare
Iraq Compare Compare
Ireland Compare Compare
Israel Compare Compare
Italy Compare Compare
Ivory Coast Compare Compare
Jamaica Compare Compare
Japan Compare Compare
Jordan Compare Compare
Kazakhstan Compare Compare
Kenya Compare Compare
Kiribati Compare Compare
Kuwait Compare Compare
Kyrgyzstan Compare Compare
Laos Compare Compare
Latvia Compare Compare
Lebanon Compare Compare
Lesotho Compare Compare
Liberia Compare Compare
Libya Compare Compare
Liechtenstein Compare Compare
Lithuania Compare Compare
Luxembourg Compare Compare
Madagascar Compare Compare
Malawi Compare Compare
Malaysia Compare Compare
Maldives Compare Compare
Mali Compare Compare
Malta Compare Compare
Marshall Islands Compare Compare
Mauritania Compare Compare
Mauritius Compare Compare
Mexico Compare Compare
Moldova Compare Compare
Monaco Compare Compare
Mongolia Compare Compare
Montenegro Compare Compare
Morocco Compare Compare
Mozambique Compare Compare
Myanmar Compare Compare
Namibia Compare Compare
Nauru Compare Compare
Nepal Compare Compare
Netherlands Compare Compare
New Zealand Compare Compare
Nicaragua Compare Compare
Niger Compare Compare
Nigeria Compare Compare
North Korea Compare Compare
North Macedonia Compare Compare
Norway Compare Compare
Oman Compare Compare
Pakistan Compare Compare
Palau Compare Compare
Palestine Compare Compare
Panama Compare Compare
Papua New Guinea Compare Compare
Paraguay Compare Compare
Peru Compare Compare
Philippines Compare Compare
Poland Compare Compare
Portugal Compare Compare
Qatar Compare Compare
Romania Compare Compare
Russia Compare Compare
Rwanda Compare Compare
Saint Kitts Compare Compare
Saint Lucia Compare Compare
Saint Vincent Compare Compare
Samoa Compare Compare
San Marino Compare Compare
Sao Tome Compare Compare
Saudi Arabia Compare Compare
Senegal Compare Compare
Seychelles Compare Compare
Sierra Leone Compare Compare
Singapore Compare Compare
Slovakia Compare Compare
Slovenia Compare Compare
Solomon Islands Compare Compare
Somalia Compare Compare
South Africa Compare Compare
South Korea Compare Compare
South Sudan Compare Compare
Spain Compare Compare
Sri Lanka Compare Compare
Sudan Compare Compare
Suriname Compare Compare
Sweden Compare Compare
Switzerland Compare Compare
Syria Compare Compare
Taiwan Compare Compare
Tajikistan Compare Compare
Tanzania Compare Compare
Thailand Compare Compare
Togo Compare Compare
Tonga Compare Compare
Trinidad Compare Compare
Tunisia Compare Compare
Turkey Compare Compare
Turkmenistan Compare Compare
Tuvalu Compare Compare
Uganda Compare Compare
Ukraine Compare Compare
UAE Compare Compare
United Kingdom Compare Compare
United States Compare Compare
Uruguay Compare Compare
Uzbekistan Compare Compare
Vanuatu Compare Compare
Vatican Compare Compare
Venezuela Compare Compare
Vietnam Compare Compare
Yemen Compare Compare
Zambia Compare Compare
Zimbabwe Compare Compare

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.