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Economy of France vs Rwanda compared: GDP & Debt

Updated on by Georank

France has a GDP of $3.37T compared to $16.4B for Rwanda, ranking 7/197 and 142/197 by economy size, respectively.

France has $3.9T in government debt (116% of GDP), compared to $10.6B (64.6% of GDP) in Rwanda.

France vs Rwanda GDP by year

France
Rwanda
1x
Year GDP, current $
France Rwanda
2025 $3,366,315,927,447 $16,372,132,990
2024 $3,160,442,622,465 $15,111,064,182
2023 $3,056,250,648,138 $14,806,501,437
2022 $2,794,788,137,067 $13,747,404,814
2021 $2,966,433,692,008 $11,252,894,910
2020 $2,647,926,055,110 $10,487,146,253
2019 $2,722,793,515,172 $10,519,272,170
2018 $2,781,576,320,884 $9,650,161,136
2017 $2,588,868,323,335 $9,164,345,443
2016 $2,470,407,619,777 $8,596,812,241
2015 $2,442,483,452,643 $8,447,064,079
2014 $2,861,236,112,552 $8,129,984,484
2013 $2,816,077,607,875 $7,714,276,920
2012 $2,683,007,095,787 $7,556,673,276
2011 $2,870,408,553,990 $6,802,676,034
2010 $2,646,230,027,988 $6,052,276,078
2009 $2,700,075,882,519 $5,603,399,015
2008 $2,926,802,941,586 $5,120,655,375
2007 $2,655,816,911,867 $4,017,977,507
2006 $2,317,861,544,691 $3,274,207,945
2005 $2,192,146,403,028 $2,933,819,766
2004 $2,109,792,297,237 $2,376,496,067
2003 $1,835,095,983,049 $2,138,237,279
2002 $1,492,427,756,382 $1,966,003,468
2001 $1,370,376,677,299 $1,966,600,715
2000 $1,360,959,069,477 $2,068,836,754
1999 $1,486,915,879,702 $2,157,108,263
1998 $1,496,906,382,032 $1,989,343,546
1997 $1,449,392,222,971 $1,851,558,197
1996 $1,598,889,216,566 $1,382,334,879
1995 $1,595,219,345,512 $1,293,535,193
1994 $1,385,822,778,828 $753,636,370
1993 $1,314,383,368,080 $1,971,525,712
1992 $1,389,663,073,110 $2,029,026,962
1991 $1,258,961,748,634 $1,911,600,237
1990 $1,257,649,439,827 $2,550,185,679
1989 $1,016,742,237,302 $2,405,022,593
1988 $1,010,827,662,152 $2,395,492,687
1987 $926,320,855,615 $2,157,432,668
1986 $764,946,585,851 $1,944,710,684
1985 $547,220,981,165 $1,715,626,331
1984 $525,033,325,828 $1,587,413,084
1983 $553,356,312,936 $1,479,687,587
1982 $578,152,310,610 $1,407,243,139
1981 $609,184,791,792 $1,407,062,527
1980 $694,529,183,483 $1,254,765,642
1979 $608,218,624,730 $1,109,346,131
1978 $501,724,418,605 $905,709,076
1977 $406,401,711,688 $746,650,613
1976 $368,363,152,144 $637,753,853
1975 $357,324,307,786 $571,863,500
1974 $282,739,225,314 $308,458,423
1973 $261,970,536,240 $290,746,157
1972 $201,738,881,664 $246,457,838
1971 $164,694,210,962 $222,952,504
1970 $147,312,861,698 $219,900,006
1969 $140,660,914,841 $188,700,037
1968 $128,710,572,572 $172,200,018
1967 $118,088,635,381 $159,560,018
1966 $109,306,730,313 $124,525,703
1965 $100,927,668,584 $148,799,980
1964 $93,424,179,943 $129,999,994
1963 $84,227,606,650 $128,000,000
1962 $75,196,980,365 $125,000,008
1961 $67,158,050,215 $122,000,016
1960 $61,959,085,885 $119,000,024

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

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

GDP per capita in France vs Rwanda by year

France
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $48,986 - $1,124 -
2024 $46,103 $62,557 $1,060 $3,711
2023 $44,700 $60,839 $1,061 $3,399
2022 $40,989 $57,043 $1,007 $3,099
2021 $43,725 $52,517 $843 $2,733
2020 $39,170 $49,482 $803 $2,285
2019 $40,408 $51,130 $823 $2,336
2018 $41,418 $46,381 $773 $2,125
2017 $38,687 $44,469 $751 $1,968
2016 $37,024 $42,880 $721 $1,866
2015 $36,702 $40,905 $726 $1,781
2014 $43,148 $40,218 $715 $1,678
2013 $42,669 $39,583 $695 $1,512
2012 $40,864 $37,671 $698 $1,455
2011 $43,930 $37,510 $643 $1,413
2010 $40,695 $35,908 $587 $1,314
2009 $41,728 $34,685 $557 $1,241
2008 $45,465 $35,053 $522 $1,191
2007 $41,486 $34,066 $421 $1,079
2006 $36,432 $32,424 $352 $1,002
2005 $34,696 $30,431 $324 $914
2004 $33,645 $28,921 $269.5 $832
2003 $29,480 $28,024 $249 $775
2002 $24,145 $28,350 $234 $760
2001 $22,332 $27,347 $237.3 $670
2000 $22,341 $26,007 $251.9 $609
1999 $24,576 $24,204 $264.7 $554
1998 $24,869 $23,263 $246.2 $528
1997 $24,169 $22,190 $238.7 $500
1996 $26,758 $21,268 $206 $499
1995 $26,792 $20,701 $228 $514
1994 $23,360 $19,892 $111 $311
1993 $22,239 $19,094 $247 $521
1992 $23,615 $18,801 $264.1 $575
1991 $21,501 $18,198 $254 $542
1990 $21,586 $17,475 $346 $549
1989 $17,547 - $335 -
1988 $17,550 - $344 -
1987 $16,176 - $320 -
1986 $13,430 - $297.7 -
1985 $9,657 - $271.6 -
1984 $9,312 - $259.9 -
1983 $9,862 - $250.6 -
1982 $10,360 - $246.4 -
1981 $10,956 - $254.6 -
1980 $12,565 - $234.4 -
1979 $11,063 - $213.8 -
1978 $9,167 - $179.9 -
1977 $7,459 - $152.7 -
1976 $6,792 - $134.4 -
1975 $6,617 - $124.1 -
1974 $5,261 - $68.9 -
1973 $4,907 - $66.9 -
1972 $3,809 - $58.4 -
1971 $3,137 - $54.4 -
1970 $2,833 - $55.2 -
1969 $2,729 - $48.9 -
1968 $2,518 - $46 -
1967 $2,328 - $44 -
1966 $2,173 - $35.4 -
1965 $2,024 - $43.5 -
1964 $1,891 - $39 -
1963 $1,723 - $39.3 -
1962 $1,554 - $39.2 -
1961 $1,402 - $39.3 -
1960 $1,307 - $39.4 -

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

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

France's GDP per capita is $48,986, ranking 27/197, compared to $1,124 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Rwanda ranks 168th at $3,711.

Economic indicators

France Rwanda
Gross domestic product
$3.37T
2025
$16.4B
2025
GDP rank
7/197
2025
142/197
2025
GDP growth
0.84%
2024-2025
9.38%
2024-2025
GDP per capita
$48,986
2025
$1,124
2025
GDP per capita rank
27/197
2025
178/197
2025
GDP per capita, PPP
$62,557
2024
$3,711
2024
GDP per capita PPP rank
30/197
2024
168/197
2024
Government debt
$3.9T
2025
$10.6B
2025
Debt-to-GDP ratio
116%
2025
64.6%
2025
Government debt per person
$56,819
2025
$726
2025
Government debt per person rank
8/185
2025
155/185
2025
Average annual personal income after taxes
$35,062
2026
$1,614
2026
Market capitalization of domestic companies
$2.37T
2018
$3.2B
2025
Number of millionaires
2,388,000
2026
n/a
Number of billionaires
51
2026
n/a
Income share by richest 10%
25%
2023
33.4%
2023
Income share by poorest 10%
3%
2023
3.1%
2023
Government expenditure, % of GDP
57.5%
2025
24.1%
2025
Consumer prices inflation
0.94%
2024-2025
5.91%
2024-2025
Central bank interest rate n/a
6.75%
2025
Unemployment rate
7.7%
2025
5.36%
2025
Population
68871753
15062056

Spending and national debt comparison by year

France
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
France Rwanda
Government spending Government debt Government spending Government debt
2025 57.5% 116% 24.1% 64.6%
2024 57.3% 113.2% 27.1% 63.4%
2023 56.8% 109.6% 26.2% 61.4%
2022 58.4% 111.4% 28.7% 59%
2021 59.5% 112.8% 31% 66.2%
2020 61.7% 114.9% 32.5% 66.7%
2019 55.3% 98.2% 27.7% 52.8%
2018 56.4% 98.5% 26.3% 49.2%
2017 57.7% 98.8% 25.3% 46.1%
2016 57.4% 98.1% 25.4% 41.5%
2015 57.6% 97% 26.9% 33.5%
2014 58.4% 96.2% 27.8% 29.5%
2013 58.6% 94.6% 26.5% 27%
2012 57.9% 91.7% 24.9% 19.3%
2011 57% 88.7% 25% 18.9%
2010 57.7% 86.3% 24.1% 19%
2009 58% 84.1% 22.6% 18.7%
2008 54.3% 69.8% 22.7% 18.5%
2007 53.6% 65.5% 22.7% 22.4%
2006 53.7% 65.4% 20.9% 22.8%
2005 54.3% 68.2% 20.2% 59.8%
2004 54% 66.9% 18.1% 82.1%
2003 54.4% 65.4% 18.8% 80.7%
2002 53.9% 61.3% 20.7% 93.4%
2001 52.8% 59.3% 19.3% 85.2%
2000 52.6% 59.7% 18.5% 87.2%
1999 53.7% 61.4% 22.7% 79.5%
1998 54% 62.1% 16.6% 71.1%
1997 55.6% 62% 17.2% 73.3%
1996 56% 60.6% 19.8% 84.6%
1995 56% 57.8% 18.3% 102.2%
1994 55.9% 51.6% 13.5% -
1993 56.5% 48.2% 20.6% -
1992 54% 41.7% 21.8% -
1991 52.7% 37.8% - -
1990 51.6% 36.8% - -
1989 48.9% 34% - -
1988 50.1% 33.3% - -
1987 50.7% 33.4% - -
1986 51.3% 31.1% - -
1985 51.9% 30.6% - -
1984 51.2% 29% - -
1983 50.2% 26.6% - -
1982 49.9% 25.3% - -
1981 48.5% 22% - -
1980 46% 20.7% - -
1979 44.9% 21.1% - -
1978 44.7% 21.2% - -
1977 21.4% 15% - -
1976 21.7% 15.1% - -
1975 22% 16.1% - -
1974 19.9% 15.4% - -
1973 19.7% 15.8% - -
1972 19.8% 17.7% - -
1971 20% 20.1% - -
1970 20.5% 21% - -
1969 21.5% 14.4% - -
1968 22.7% 15.8% - -
1967 21.4% 16.1% - -
1966 21.4% 15.3% - -
1965 21.1% 17.6% - -
1964 21% 19.6% - -
1963 22.6% 22.2% - -
1962 21.7% 23.6% - -
1961 21.9% 26.3% - -
1960 22.2% 28.5% - -

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/france/rwanda | CC BY

In 2025, France's government spending was $1.93T, accounting for 57.5% of its GDP, while Rwanda spent $3.95B, or 24.1% of GDP.

Debt-to-GDP ratio is 116% in France and 64.6% in Rwanda, ranking 13/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
France

Rwanda
1x
Year Deficit/surplus, % of GDP
France Rwanda
2025 -5.11% -4.49%
2024 -5.79% -6.19%
2023 -5.44% -4.88%
2022 -4.74% -5.56%
2021 -6.58% -6.89%
2020 -8.93% -9.26%
2019 -2.39% -5%
2018 -2.32% -2.57%
2017 -3.36% -2.54%
2016 -3.76% -2.3%
2015 -3.89% -2.71%
2014 -4.57% -3.97%
2013 -4.94% -1.29%
2012 -5.17% -2.41%
2011 -5.3% -0.87%
2010 -7.16% -0.65%
2009 -7.38% 0.26%
2008 -3.5% 0.84%
2007 -2.99% -1.58%
2006 -2.66% -0.03%
2005 -3.5% 1.14%
2004 -3.55% 2.31%
2003 -4.09% -1.25%
2002 -3.18% -2.06%
2001 -1.42% -1.83%
2000 -1.32% -0.22%
1999 -1.55% -4.48%
1998 -2.39% -2.63%
1997 -3.71% -2.25%
1996 -3.89% -5.08%
1995 -5.11% -2.07%
1994 -5.46% -9.68%
1993 -6.4% -6.7%
1992 -4.64% -7.31%
1991 -2.89% -
1990 -2.45% -
1989 -1.9% -
1988 -2.7% -
1987 -2.13% -
1986 -3.3% -
1985 -3.08% -
1984 -2.8% -
1983 -2.58% -
1982 -2.91% -
1981 -2.39% -
1980 -0.27% -
1979 -0.36% -
1978 -1.73% -
1977 0.9% -
1976 1.01% -
1975 -0.28% -
1974 3.05% -
1973 1.97% -
1972 1.94% -
1971 -0.13% -
1970 0.02% -
1969 -0.49% -
1968 -2.54% -
1967 -0.8% -
1966 -0.57% -
1965 -0.07% -
1964 -0.25% -
1963 -2.24% -
1962 -1.53% -
1961 -1.36% -
1960 -1.95% -
1959 0.56% -
1958 0.08% -
1957 -1.99% -
1956 -2.62% -
1955 -1.04% -
1954 -0.78% -
1953 -4.79% -
1952 -6.82% -
1951 -4.42% -
1950 -5.56% -
1949 -7.31% -
1948 -9.11% -
1947 -7.6% -
1946 -8.1% -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -6.89% -
1936 -4.76% -
1935 -4.22% -
1934 -4.31% -
1933 -4.96% -
1932 -1.86% -
1931 -2.06% -
1930 -1.65% -
1929 1.48% -
1928 1.13% -
1927 -0.04% -
1926 -0.02% -
1925 -0.87% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.05% -
1912 0.23% -
1911 0.31% -
1910 -0.12% -
1909 -0.11% -
1908 -0.15% -
1907 0.23% -
1906 -0.04% -
1905 0.18% -
1904 0.3% -
1903 0.21% -
1902 -0.37% -
1901 -0.39% -
1900 0.21% -
1899 0.21% -
1898 0.29% -
1897 0.01% -
1896 -0.03% -
1895 -0.07% -
1894 -0.08% -
1893 -0.3% -
1892 -0.03% -
1891 0.36% -
1890 0.31% -
1889 0.09% -
1888 0.18% -
1887 -0.07% -
1886 -0.5% -
1885 -0.59% -
1884 -0.35% -
1883 -0.23% -
1882 -0.15% -
1881 0.64% -
1880 0.65% -

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/france/rwanda | CC BY

In 2025, France's government deficit, the difference between spending and revenue, was $172B, equivalent to 5.11% of GDP. This compares to Rwanda's deficit of $736M, or 4.49% of GDP.

Over the past 34 years, France recorded a fiscal deficit in 34 of those years, while Rwanda ran a deficit in 30 years. On average, France posted an annual deficit equal to 4.3% of GDP, compared to deficit of 3.06% of GDP for Rwanda.

Inflation comparison by year

Inflation
France

Rwanda
1x
Year Consumer prices inflation
France Rwanda
2025 0.94% 5.91%
2024 2% 1.77%
2023 4.88% 19.8%
2022 5.22% 17.7%
2021 1.64% -0.39%
2020 0.48% 9.85%
2019 1.11% 3.35%
2018 1.85% -0.31%
2017 1.03% 8.28%
2016 0.18% 7.17%
2015 0.04% 2.53%
2014 0.51% 2.35%
2013 0.86% 5.92%
2012 1.95% 10.3%
2011 2.11% 3.08%
2010 1.53% -0.25%
2009 0.09% 12.9%
2008 2.81% 15.4%
2007 1.49% 9.08%
2006 1.68% 8.88%
2005 1.75% 9.01%
2004 2.14% 12.3%
2003 2.1% 7.45%
2002 1.92% 1.99%
2001 1.63% 3.34%
2000 1.68% 3.9%
1999 0.54% -2.41%
1998 0.65% 6.21%
1997 1.2% 12%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, France has recorded an average annual inflation rate of 1.59%, compared with 6.8% in Rwanda. In 2025, inflation was 0.94% in France and 5.91% in Rwanda.

Top exports between countries

France
Export category Export value
Machinery & equipment $43M
Chemicals & pharma $10.4M
Processed food, beverages & tobacco $5.57M
Raw agricultural goods $4.77M
Textiles & consumer goods $3.57M
Wood & paper products $555K
Miscellaneous $254K
Raw materials & minerals $161K
Animal & marine products $147K
Metals $94K
Rwanda
Export category Export value
Raw agricultural goods $5.6M
Processed food, beverages & tobacco $716K
Chemicals & pharma $584K
Textiles & consumer goods $442K
Precious metals & jewellery $42K
Raw materials & minerals $18K
Wood & paper products $11K
Machinery & equipment $9K
Miscellaneous $6K
Metals $1K

Balance of trade

France Rwanda
Current account balance
-$9.24B
2025
-$1.81B
2024
Current account balance ranking
173/190
2025
136/190
2024
Current account balance, % of GDP
-0.27%
2025
-12%
2024
Goods imports
$770B
2025
$5.55B
2024
Goods exports
$704B
2025
$3.2B
2024
Service imports
$370B
2025
$991M
2024
Service exports
$429B
2025
$1.08B
2024
Imports of goods and services, % of GDP
33.8%
2025
35.1%
2025
Exports of goods and services, % of GDP
33.4%
2025
21.6%
2025

Economic freedom indices

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

France Rwanda
Economic freedom 64.6 56.5
Economic freedom ranking 72/197 121/197
Property rights 91.2 60.3
Government integrity 73.4 53.9
Judicial effectiveness 84.7 27.5
Tax burden 54.6 80.6
Government spending 0.9 75.7
Fiscal health 34.8 37.5
Business freedom 78.4 60.1
Labor freedom 59.1 49.1
Monetary freedom 73.2 72.3
Trade freedom 79.4 61.8
Investment freedom 75 60
Financial freedom 70 40

Economic freedom comparison by year

France
Rwanda
1x
Year Economic freedom index
France Rwanda
2026 64.6 56.5
2025 64.4 54.8
2024 62.5 51.6
2023 63.6 52.2
2022 65.9 57.1
2021 65.7 68.3
2020 66 70.9
2019 63.8 71.1
2018 63.9 69.1
2017 63.3 67.6
2016 62.3 63.1
2015 62.5 64.8
2014 63.5 64.7
2013 64.1 64.1
2012 63.2 64.9
2011 64.6 62.7
2010 64.2 59.1
2009 63.3 54.2
2008 64.7 54.2
2007 62.1 52.4
2006 61.1 52.8
2005 60.5 51.7
2004 60.9 53.3
2003 59.2 47.8
2002 58 50.4
2001 58 45.4
2000 57.4 42.3
1999 59.1 39.8
1998 58.9 39.1
1997 59.1 38.3
1996 63.7 -
1995 64.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Rwanda
Services, % of GDP
70.9%
2025
52.3%
2025
Industry, % of GDP
16.8%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
1.4%
2025
20.3%
2025
GNI, Atlas method
$3.34T
2025
$16.7B
2025
GNI per capita, PPP
$65,110
2025
$4,070
2025
Total reserves including gold
$428B
2025
$1.96B
2025
Total reserves ranking
12/177
2025
128/177
2025
Net foreign direct investment
$7.24B
2025
-$560M
2024
Net inflows of foreign direct investment
$52.1B
2024
$573M
2024
Net outflows of foreign direct investment
$41.7B
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI n/a
2.91%
2024
Poverty at national poverty lines
15.6%
2021
27.4%
2023
Gross capital formation, % of GDP
21.9%
2025
34.1%
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/france/rwanda | 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)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.

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.