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Economy of France vs Japan compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $4.03T for Japan, ranking 7/197 and 4/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $9.51T (236.1% of GDP) in Japan.

France vs Japan GDP by year

France
Japan
1x
Year GDP, current $
France Japan
2024 $3,160,442,622,465 $4,027,597,523,551
2023 $3,056,250,648,138 $4,213,167,237,906
2022 $2,794,788,137,067 $4,262,463,317,797
2021 $2,966,433,692,008 $5,039,148,168,861
2020 $2,647,926,055,110 $5,054,068,005,376
2019 $2,722,793,515,172 $5,117,993,853,017
2018 $2,781,576,320,884 $5,040,880,939,325
2017 $2,588,868,323,335 $4,930,837,369,151
2016 $2,470,407,619,777 $5,003,677,627,544
2015 $2,442,483,452,643 $4,444,930,651,964
2014 $2,861,236,112,552 $4,896,994,405,353
2013 $2,816,077,607,875 $5,212,328,181,166
2012 $2,683,007,095,787 $6,272,362,996,105
2011 $2,870,408,553,990 $6,233,147,172,341
2010 $2,646,230,027,988 $5,759,071,769,013
2009 $2,700,075,882,519 $5,289,493,117,994
2008 $2,926,802,941,586 $5,106,679,115,127
2007 $2,655,816,911,867 $4,579,750,920,355
2006 $2,317,861,544,691 $4,601,663,122,650
2005 $2,192,146,403,028 $4,831,467,035,390
2004 $2,109,792,297,237 $4,893,116,005,657
2003 $1,835,095,983,049 $4,519,561,645,254
2002 $1,492,427,756,382 $4,182,846,045,874
2001 $1,370,376,677,299 $4,374,711,694,091
2000 $1,360,959,069,477 $4,968,359,075,957
1999 $1,486,915,879,702 $4,635,982,224,064
1998 $1,496,906,382,032 $4,098,362,709,531
1997 $1,449,392,222,971 $4,492,448,605,639
1996 $1,598,889,216,566 $4,923,391,533,852
1995 $1,595,219,345,512 $5,545,563,663,890
1994 $1,385,822,778,828 $4,998,797,547,741
1993 $1,314,383,368,080 $4,536,940,479,038
1992 $1,389,663,073,110 $3,980,702,922,118
1991 $1,258,961,748,634 $3,648,065,760,649
1990 $1,257,649,439,827 $3,185,904,656,664
1989 $1,016,742,237,302 $3,109,455,047,824
1988 $1,010,827,662,152 $3,125,724,434,401
1987 $926,320,855,615 $2,580,748,422,781
1986 $764,946,585,851 $2,120,083,812,110
1985 $547,220,981,165 $1,427,019,759,717
1984 $525,033,325,828 $1,345,824,500,837
1983 $553,356,312,936 $1,270,859,919,743
1982 $578,152,310,610 $1,158,731,426,906
1981 $609,184,791,792 $1,245,221,410,764
1980 $694,529,183,483 $1,129,377,244,854
1979 $608,218,624,730 $1,077,910,077,676
1978 $501,724,418,605 $1,035,611,588,217
1977 $406,401,711,688 $737,069,290,928
1976 $368,363,152,144 $598,883,902,156
1975 $357,324,307,786 $532,861,438,885
1974 $282,739,225,314 $490,035,789,970
1973 $261,970,536,240 $441,460,582,536
1972 $201,738,881,664 $324,933,841,269
1971 $164,694,210,962 $245,364,056,622
1970 $147,312,861,698 $217,223,652,719
1969 $140,660,914,841 $184,298,841,305
1968 $128,710,572,572 $156,897,496,759
1967 $118,088,635,381 $132,475,614,227
1966 $109,306,730,313 $113,046,784,179
1965 $100,927,668,584 $97,338,107,606
1964 $93,424,179,943 $87,490,590,818
1963 $84,227,606,650 $74,379,284,603
1962 $75,196,980,365 $64,987,857,542
1961 $67,158,050,215 $57,266,758,180
1960 $61,959,085,885 $47,419,238,274

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

GeoRank.org/economy/france/japan | CC BY

GDP per capita in France vs Japan by year

France
GDP per capita

GDP per capita, PPP
Japan
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Japan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $32,487 $52,039
2023 $44,700 $60,839 $33,836 $50,662
2022 $40,989 $57,043 $34,066 $47,192
2021 $43,725 $52,517 $40,095 $44,355
2020 $39,170 $49,482 $40,029 $42,426
2019 $40,408 $51,130 $40,416 $42,678
2018 $41,418 $46,381 $39,751 $42,142
2017 $38,687 $44,469 $38,834 $41,444
2016 $37,024 $42,880 $39,375 $40,597
2015 $36,702 $40,905 $34,961 $40,899
2014 $43,148 $40,218 $38,475 $39,555
2013 $42,669 $39,583 $40,899 $39,402
2012 $40,864 $37,671 $49,145 $37,606
2011 $43,930 $37,510 $48,760 $36,214
2010 $40,695 $35,908 $44,968 $35,336
2009 $41,728 $34,685 $41,309 $33,543
2008 $45,465 $35,053 $39,876 $35,274
2007 $41,486 $34,066 $35,779 $35,015
2006 $36,432 $32,424 $35,992 $33,632
2005 $34,696 $30,431 $37,813 $32,170
2004 $33,645 $28,921 $38,299 $30,832
2003 $29,480 $28,024 $35,387 $29,392
2002 $24,145 $28,350 $32,821 $28,624
2001 $22,332 $27,347 $34,406 $27,943
2000 $22,341 $26,007 $39,169 $27,288
1999 $24,576 $24,204 $36,610 $25,736
1998 $24,869 $23,263 $32,424 $25,508
1997 $24,169 $22,190 $35,638 $25,619
1996 $26,758 $21,268 $39,150 $24,999
1995 $26,792 $20,701 $44,198 $23,858
1994 $23,360 $19,892 $39,934 $22,823
1993 $22,239 $19,094 $36,345 $22,168
1992 $23,615 $18,801 $31,993 $21,825
1991 $21,501 $18,198 $29,428 $21,227
1990 $21,586 $17,475 $25,801 $19,912
1989 $17,547 - $25,266 -
1988 $17,550 - $25,500 -
1987 $16,176 - $21,142 -
1986 $13,430 - $17,452 -
1985 $9,657 - $11,809 -
1984 $9,312 - $11,207 -
1983 $9,862 - $10,652 -
1982 $10,360 - $9,780 -
1981 $10,956 - $10,583 -
1980 $12,565 - $9,669 -
1979 $11,063 - $9,301 -
1978 $9,167 - $9,012 -
1977 $7,459 - $6,473 -
1976 $6,792 - $5,310 -
1975 $6,617 - $4,776 -
1974 $5,261 - $4,448 -
1973 $4,907 - $4,061 -
1972 $3,809 - $3,031 -
1971 $3,137 - $2,321 -
1970 $2,833 - $2,101 -
1969 $2,729 - $1,803 -
1968 $2,518 - $1,553 -
1967 $2,328 - $1,326 -
1966 $2,173 - $1,144 -
1965 $2,024 - $994 -
1964 $1,891 - $903 -
1963 $1,723 - $776 -
1962 $1,554 - $685 -
1961 $1,402 - $609 -
1960 $1,307 - $509 -

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

GeoRank.org/economy/france/japan | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $32,487 in Japan, ranking 38/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Japan ranks 41st at $52,039.

Economic indicators

France Japan
Gross domestic product
$3.16T
2024
$4.03T
2024
GDP rank
7/197
2024
4/197
2024
GDP growth
1.19%
2023-2024
0.1%
2023-2024
GDP per capita
$46,103
2024
$32,487
2024
GDP per capita rank
27/197
2024
38/197
2024
GDP per capita, PPP
$62,557
2024
$52,039
2024
GDP per capita PPP rank
30/197
2024
41/197
2024
Government debt
$3.58T
2024
$9.51T
2024
Debt-to-GDP ratio
113.1%
2024
236.1%
2024
Government debt per person
$52,165
2024
$76,704
2024
Government debt per person rank
8/185
2024
3/185
2024
Average annual personal income after taxes
$35,669
2026
$23,653
2026
Market capitalization of domestic companies
$2.37T
2018
$6.31T
2024
Number of millionaires
2,897,000
2025
2,732,000
2025
Number of billionaires
52
2025
42
2025
Income share by richest 10%
25%
2023
23.9%
2020
Income share by poorest 10%
3%
2023
2.4%
2020
Government expenditure, % of GDP
57.2%
2024
39.1%
2024
Consumer prices inflation
2%
2023-2024
2.74%
2023-2024
Central bank interest rate n/a
0.75%
2025
Unemployment rate
7.44%
2024
2.54%
2024
Population
68788006
122677250

Spending and national debt comparison by year

France
Spending

Debt
Japan
Spending

Debt
1x
Year % of GDP
France Japan
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 39.1% 236.1%
2023 56.8% 109.6% 39.2% 240.5%
2022 58.4% 111.4% 41.8% 248.2%
2021 59.5% 112.8% 42.5% 253.7%
2020 61.7% 114.9% 44.5% 258.4%
2019 55.3% 98.1% 37.3% 236.4%
2018 56.4% 98.5% 36.7% 232.4%
2017 57.7% 98.7% 36.7% 231.3%
2016 57.4% 98.1% 37.2% 232.4%
2015 57.6% 96.9% 37.3% 228.3%
2014 58.4% 96.1% 38.4% 233.3%
2013 58.6% 94.5% 38.8% 229.5%
2012 57.9% 91.7% 38.6% 226.1%
2011 57% 88.7% 38.6% 219.2%
2010 57.7% 86.3% 37.7% 205.9%
2009 58% 84.1% 38.7% 198.8%
2008 54.3% 69.8% 34.1% 180.9%
2007 53.6% 65.5% 33.1% 173%
2006 53.7% 65.4% 33.1% 174.1%
2005 54.3% 68.2% 33.5% 174.6%
2004 54% 66.9% 33.7% 169.5%
2003 54.4% 65.4% 35% 160%
2002 53.9% 61.3% 35.4% 154.1%
2001 52.8% 59.3% 35.2% 145.1%
2000 52.6% 59.7% 36% 135.6%
1999 53.7% 61.4% 35.6% 129.5%
1998 54% 62.1% 38.6% 116%
1997 55.6% 62% 33.1% 105%
1996 56% 60.6% 33.8% 98.1%
1995 56% 57.8% 33.4% 92.5%
1994 55.9% 51.6% 32.8% 84.4%
1993 56.5% 48.2% 32.1% 72.8%
1992 54% 41.7% 30.3% 66.8%
1991 52.7% 37.8% 29.3% 62.4%
1990 51.6% 36.8% 29.5% 63.2%
1989 48.9% 34% 29.2% 65.7%
1988 50.1% 33.3% 29.9% 71.9%
1987 50.7% 33.4% 30.6% 75.8%
1986 51.3% 31.1% 30.4% 74.1%
1985 51.9% 30.6% 30.4% 68.3%
1984 51.2% 29% 31.2% 65.6%
1983 50.2% 26.6% 31.8% 63.5%
1982 49.9% 25.3% 31.7% 57.7%
1981 48.5% 22% 31.5% 52.8%
1980 46% 20.7% 33.5% 47.8%
1979 44.9% 21.1% 33.2% 43.8%
1978 44.7% 21.2% 32.1% 39%
1977 21.4% 15% 30.4% 31.1%
1976 21.7% 15.1% 29.1% 26.1%
1975 22% 16.1% 28.5% 20.9%
1974 19.9% 15.4% 25.5% 16.7%
1973 19.7% 15.8% 23.3% 15.9%
1972 19.8% 17.7% 23.1% 16.3%
1971 20% 20.1% 21.8% 12.6%
1970 20.5% 21% 20.2% 11.2%
1969 21.5% 14.4% 19.8% 11.4%
1968 22.7% 15.8% 20.1% 11.8%
1967 21.4% 16.1% 19.9% 11.4%
1966 21.4% 15.3% 20.8% 11.2%
1965 21.1% 17.6% 20.4% 9.78%
1964 21% 19.6% 19.8% 8.53%
1963 22.6% 22.2% 20% 8.66%
1962 21.7% 23.6% 19.4% 9.01%
1961 21.9% 26.3% 18.2% 8.44%
1960 22.2% 28.5% 18.4% 10.4%

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/france/japan | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Japan spent $1.57T, or 39.1% of GDP.

Debt-to-GDP ratio is 113.1% in France and 236.1% in Japan, ranking 14/185 and 3/185, respectively.

Government deficit by year

Deficit/surplus
France

Japan
1x
Year Deficit/surplus, % of GDP
France Japan
2024 -5.77% -1.53%
2023 -5.44% -2.26%
2022 -4.74% -4.21%
2021 -6.58% -6.13%
2020 -8.93% -9.08%
2019 -2.39% -3.04%
2018 -2.32% -2.47%
2017 -3.36% -3.1%
2016 -3.76% -3.6%
2015 -3.89% -3.68%
2014 -4.57% -5.62%
2013 -4.94% -7.61%
2012 -5.17% -8.2%
2011 -5.3% -8.99%
2010 -7.16% -9.08%
2009 -7.38% -9.69%
2008 -3.5% -4.11%
2007 -2.99% -2.9%
2006 -2.66% -3.03%
2005 -3.5% -4.44%
2004 -3.55% -5.31%
2003 -4.09% -7.43%
2002 -3.18% -7.34%
2001 -1.42% -6.2%
2000 -1.32% -7.28%
1999 -1.55% -6.75%
1998 -2.39% -10%
1997 -3.71% -3.53%
1996 -3.89% -4.87%
1995 -5.11% -4.3%
1994 -5.46% -3.76%
1993 -6.4% -2.39%
1992 -4.64% 0.57%
1991 -2.89% 1.67%
1990 -2.45% 1.96%
1989 -1.9% 1.23%
1988 -2.7% 0.49%
1987 -2.13% -0.36%
1986 -3.3% -1.36%
1985 -3.08% -1.37%
1984 -2.8% -2.62%
1983 -2.58% -3.95%
1982 -2.91% -3.81%
1981 -2.39% -3.85%
1980 -0.27% -4.66%
1979 -0.36% -5%
1978 -1.73% -5.79%
1977 0.9% -4.02%
1976 1.01% -3.89%
1975 -0.28% -2.92%
1974 3.05% 0.38%
1973 1.97% 0.56%
1972 1.94% -0.13%
1971 -0.13% 1.21%
1970 0.02% 1.74%
1969 -0.49% 1.26%
1968 -2.54% 0.88%
1967 -0.8% 0.8%
1966 -0.57% -0.34%
1965 -0.07% 0.48%
1964 -0.25% 0.85%
1963 -2.24% 1.08%
1962 -1.53% 1.49%
1961 -1.36% 2.58%
1960 -1.95% 1.85%
1959 0.56% 0.97%
1958 0.08% -0.1%
1957 -1.99% 1.27%
1956 -2.62% 1.39%
1955 -1.04% -0.67%
1954 -0.78% 0.7%
1953 -4.79% 1.65%
1952 -6.82% 2.22%
1951 -4.42% 5.06%
1950 -5.56% 6.99%
1949 -7.31% 12.5%
1948 -9.11% 7.53%
1947 -7.6% 6.09%
1946 -8.1% -
1945 - -
1944 - -
1943 - 0.32%
1942 - -0.13%
1941 - -0.19%
1940 - 0.31%
1939 - 0.11%
1938 - 0.45%
1937 -6.89% 0.71%
1936 -4.76% 0.34%
1935 -4.22% 0.26%
1934 -4.31% 0.34%
1933 -4.96% 0.28%
1932 -1.86% 0.31%
1931 -2.06% 0.23%
1930 -1.65% 0.19%
1929 1.48% 0.5%
1928 1.13% 0.42%
1927 -0.04% 0.58%
1926 -0.02% 0.65%
1925 -0.87% 0.75%
1924 - 0.84%
1923 - 0.87%
1922 - 0.89%
1921 - 1.43%
1920 - 1.19%
1919 - 1.21%
1918 - 1.58%
1917 - 1.54%
1916 - 1.37%
1915 - 1.41%
1914 - 1.31%
1913 0.05% 1.21%
1912 0.23% 1.27%
1911 0.31% 1.21%
1910 -0.12% 1.57%
1909 -0.11% 1.51%
1908 -0.15% 1.63%
1907 0.23% 1.77%
1906 -0.04% 0.46%
1905 0.18% -0.68%
1904 0.3% -0.81%
1903 0.21% 0.19%
1902 -0.37% 0.44%
1901 -0.39% 0.21%
1900 0.21% 0.53%
1899 0.21% 0.2%
1898 0.29% 0.6%
1897 0.01% 0.33%
1896 -0.03% 0.88%
1895 -0.07% 0.28%
1894 -0.08% -0.24%
1893 -0.3% 0.6%
1892 -0.03% 0.63%
1891 0.36% 0.61%
1890 0.31% 0.74%
1889 0.09% 0.18%
1888 0.18% 0.13%
1887 -0.07% 0.11%
1886 -0.5% 0.03%
1885 -0.59% 0.01%
1884 -0.35% 0.001%
1883 -0.23% 0.03%
1882 -0.15% 0.001%
1881 0.64% 0.001%
1880 0.65% 0.004%
1879 - 0.02%
1878 - 0.02%
1877 - -0.29%
1876 - -0.42%
1875 - 0.005%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/france/japan | CC BY

In 2024, France's government deficit, the difference between spending and revenue, was $182B, equivalent to 5.77% of GDP. This compares to Japan's deficit of $61.6B, or 1.53% of GDP.

Over the past 65 years, France recorded a fiscal deficit in 59 of those years, while Japan ran a deficit in 47 years. On average, France posted an annual deficit equal to 2.71% of GDP, compared to deficit of 3% of GDP for Japan.

Inflation comparison by year

Inflation
France

Japan
1x
Year Consumer prices inflation
France Japan
2024 2% 2.74%
2023 4.88% 3.27%
2022 5.22% 2.5%
2021 1.64% -0.23%
2020 0.48% -0.02%
2019 1.11% 0.47%
2018 1.85% 0.99%
2017 1.03% 0.48%
2016 0.18% -0.13%
2015 0.04% 0.8%
2014 0.51% 2.76%
2013 0.86% 0.34%
2012 1.95% -0.04%
2011 2.11% -0.27%
2010 1.53% -0.73%
2009 0.09% -1.35%
2008 2.81% 1.38%
2007 1.49% 0.06%
2006 1.68% 0.25%
2005 1.75% -0.28%
2004 2.14% -0.009%
2003 2.1% -0.26%
2002 1.92% -0.92%
2001 1.63% -0.74%
2000 1.68% -0.68%
1999 0.54% -0.34%
1998 0.65% 0.66%
1997 1.2% 1.75%

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

GeoRank.org/economy/france/japan | CC BY

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 0.44% in Japan. In 2024, inflation was 2% in France and 2.74% in Japan.

Top exports between countries

France
Export category Export value
Machinery & equipment $2.63B
Textiles & consumer goods $2.56B
Business & finance services $1.91B
Chemicals & pharma $1.71B
Transport & tourism services $1.29B
Processed food, beverages & tobacco $1.15B
Manufacturing & construction services $744M
Raw materials & minerals $643M
IT & IP services $564M
Precious metals & jewellery $553M
Japan
Export category Export value
Machinery & equipment $4.29B
Business & finance services $1.8B
Chemicals & pharma $843M
Miscellaneous $766M
IT & IP services $474M
Textiles & consumer goods $386M
Manufacturing & construction services $211M
Transport & tourism services $171M
Raw materials & minerals $138M
Metals $128M

Balance of trade

France Japan
Current account balance
$2.69B
2024
$194B
2024
Current account balance ranking
42/190
2024
3/190
2024
Current account balance, % of GDP
+0.09%
2024
+4.82%
2024
Goods imports
$733B
2024
$719B
2024
Goods exports
$668B
2024
$694B
2024
Service imports
$341B
2024
$246B
2024
Service exports
$403B
2024
$228B
2024
Imports of goods and services, % of GDP
34.2%
2024
23.6%
2024
Exports of goods and services, % of GDP
33.9%
2024
22.8%
2024

Economic freedom indices

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

France Japan
Economic freedom 64.6 70.3
Economic freedom ranking 72/197 36/197
Property rights 91.2 94.2
Government integrity 73.4 81.1
Judicial effectiveness 84.7 97.9
Tax burden 54.6 63
Government spending 0.9 52
Fiscal health 34.8 41.7
Business freedom 78.4 77.8
Labor freedom 59.1 65.9
Monetary freedom 73.2 74.3
Trade freedom 79.4 76.2
Investment freedom 75 60
Financial freedom 70 60

Economic freedom comparison by year

France
Japan
1x
Year Economic freedom index
France Japan
2026 64.6 70.3
2025 64.4 70.2
2024 62.5 67.5
2023 63.6 69.3
2022 65.9 69.9
2021 65.7 74.1
2020 66 73.3
2019 63.8 72.1
2018 63.9 72.3
2017 63.3 69.6
2016 62.3 73.1
2015 62.5 73.3
2014 63.5 72.4
2013 64.1 71.8
2012 63.2 71.6
2011 64.6 72.8
2010 64.2 72.9
2009 63.3 72.8
2008 64.7 73
2007 62.1 72.7
2006 61.1 73.3
2005 60.5 67.3
2004 60.9 64.3
2003 59.2 67.6
2002 58 66.7
2001 58 70.9
2000 57.4 70.7
1999 59.1 69.1
1998 58.9 70.2
1997 59.1 70.3
1996 63.7 72.6
1995 64.4 75

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

GeoRank.org/economy/france/japan | CC BY

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 70.3 for Japan, ranking 36/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Japan
Services, % of GDP
70.9%
2024
69.8%
2023
Industry, % of GDP
17.2%
2024
28.6%
2023
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
0.94%
2023
GNI, Atlas method
$3.1T
2024
$4.46T
2024
GNI per capita, PPP
$63,880
2024
$55,490
2024
Total reserves including gold
$283B
2024
$1.23T
2024
Total reserves ranking
13/177
2024
2/177
2024
Net foreign direct investment
-$10.3B
2024
$191B
2024
Net inflows of foreign direct investment
$52.1B
2024
$16.2B
2024
Net outflows of foreign direct investment
$41.7B
2024
$203B
2024
Poverty at national poverty lines
15.6%
2021
16.1%
2020
Gross capital formation, % of GDP
21.5%
2024
26.2%
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/france/japan | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.