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Economy of Germany vs Guinea compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.69T compared to $25B for Guinea, ranking 3/197 and 118/197 by economy size, respectively.

Germany has $2.97T in government debt (63.5% of GDP), compared to $12.2B (48.8% of GDP) in Guinea.

Germany vs Guinea GDP by year

Germany
Guinea
1x
Year GDP, current $
Germany Guinea
2024 $4,685,592,577,805 $25,008,678,293
2023 $4,562,207,532,490 $22,407,615,556
2022 $4,201,021,706,479 $19,910,452,542
2021 $4,355,251,953,411 $17,069,115,738
2020 $3,941,398,957,074 $14,088,693,743
2019 $3,959,894,794,039 $13,442,861,496
2018 $4,055,433,215,302 $11,857,030,367
2017 $3,765,351,626,106 $10,324,668,271
2016 $3,536,787,895,179 $8,595,955,222
2015 $3,425,099,578,746 $8,794,201,743
2014 $3,964,870,735,761 $8,778,473,373
2013 $3,807,023,797,051 $8,376,613,539
2012 $3,596,483,233,406 $7,638,044,557
2011 $3,823,575,803,794 $6,785,137,203
2010 $3,467,093,769,667 $6,853,467,146
2009 $3,478,545,516,684 $6,716,905,340
2008 $3,808,197,720,125 $6,964,179,983
2007 $3,484,056,680,855 $6,281,918,226
2006 $3,046,308,753,671 $4,220,019,845
2005 $2,893,393,187,362 $4,282,468,637
2004 $2,852,317,768,062 $5,300,767,961
2003 $2,534,715,518,349 $5,025,167,975
2002 $2,102,350,798,306 $4,301,608,753
2001 $1,966,381,496,642 $4,125,527,603
2000 $1,966,980,701,145 $4,367,458,867
1999 $2,213,873,468,587 $5,046,806,783
1998 $2,247,760,364,566 $5,232,118,046
1997 $2,218,790,886,533 $5,516,916,163
1996 $2,506,576,553,158 $5,641,243,100
1995 $2,593,053,091,306 $5,385,704,166
1994 $2,215,282,632,277 $4,932,800,407
1993 $2,078,954,217,438 $4,781,166,117
1992 $2,141,377,582,968 $4,789,220,417
1991 $1,875,792,575,133 $4,396,178,694
1990 $1,778,162,195,860 $3,888,320,666
1989 $1,404,092,925,205 $3,546,079,263
1988 $1,406,367,016,372 $3,476,480,303
1987 $1,302,932,318,825 $2,976,714,019
1986 $1,050,092,624,516 $2,909,130,355
1985 $735,218,723,093 $22,787,644,566
1984 $727,767,760,979 $18,421,497,251
1983 $773,507,930,295 $15,129,893,722
1982 $779,421,633,755 $11,926,032,493
1981 $803,404,797,058 $9,646,440,667
1980 $953,772,499,462 $9,746,524,915
1979 $884,574,218,333 $8,877,094,497
1978 $743,182,891,918 $8,087,305,999
1977 $602,698,323,086 $6,914,381,291
1976 $521,658,712,133 $6,762,781,871
1975 $492,434,094,920 $6,102,769,605
1974 $446,934,971,657 $5,691,417,541
1973 $399,833,571,167 $5,152,080,388
1972 $300,899,944,795 $4,203,069,035
1971 $250,900,942,397 $3,594,302,908
1970 $216,629,229,947 $3,220,224,608
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

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

GeoRank.org/economy/germany/guinea | CC BY

GDP per capita in Germany vs Guinea by year

Germany
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $56,104 $73,552 $1,695 $4,565
2023 $54,777 $71,684 $1,555 $4,334
2022 $50,507 $69,049 $1,417 $4,062
2021 $52,349 $62,531 $1,245 $3,739
2020 $47,395 $58,686 $1,054 $3,332
2019 $47,656 $59,271 $1,031 $3,106
2018 $48,916 $56,273 $933 $2,844
2017 $45,554 $54,110 $834 $2,687
2016 $42,949 $51,570 $712 $2,255
2015 $41,930 $48,545 $747 $1,930
2014 $48,960 $47,939 $765 $1,873
2013 $47,207 $45,889 $748 $1,842
2012 $44,718 $44,229 $699 $1,790
2011 $47,631 $43,398 $637 $1,705
2010 $42,397 $39,726 $659 $1,622
2009 $42,472 $37,574 $662 $1,567
2008 $46,379 $38,444 $704 $1,614
2007 $42,351 $36,914 $650 $1,558
2006 $36,980 $34,741 $447 $1,453
2005 $35,084 $32,314 $463 $1,422
2004 $34,567 $31,753 $585 $1,366
2003 $30,711 $30,301 $566 $1,328
2002 $25,487 $29,514 $496 $1,315
2001 $23,878 $28,674 $483 $1,251
2000 $23,926 $27,474 $518 $1,196
1999 $26,965 $26,518 $611 $1,163
1998 $27,396 $25,446 $647 $1,130
1997 $27,047 $24,649 $696 $1,099
1996 $30,600 $24,169 $726 $1,048
1995 $31,747 $23,631 $713 $1,014
1994 $27,202 $22,869 $672 $976
1993 $25,617 $21,900 $671 $947
1992 $26,560 $21,746 $693 $908
1991 $23,443 $21,001 $656 $887
1990 $22,386 $19,468 $604 $871
1989 $17,829 - $570 -
1988 $17,997 - $574 -
1987 $16,739 - $505 -
1986 $13,511 - $506 -
1985 $9,464 - $4,062 -
1984 $9,347 - $3,362 -
1983 $9,900 - $2,823 -
1982 $9,950 - $2,273 -
1981 $10,246 - $1,876 -
1980 $12,183 - $1,931 -
1979 $11,322 - $1,790 -
1978 $9,517 - $1,658 -
1977 $7,711 - $1,440 -
1976 $6,659 - $1,431 -
1975 $6,259 - $1,311 -
1974 $5,660 - $1,243 -
1973 $5,065 - $1,143 -
1972 $3,824 - $948 -
1971 $3,204 - $825 -
1970 $2,771 - $753 -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

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

GeoRank.org/economy/germany/guinea | CC BY

Germany's GDP per capita is $56,104, ranking 19/197, compared to $1,695 in Guinea, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Guinea ranks 161st at $4,565.

Economic indicators

Germany Guinea
Gross domestic product
$4.69T
2024
$25B
2024
GDP rank
3/197
2024
118/197
2024
GDP growth
-0.5%
2023-2024
5.35%
2023-2024
GDP per capita
$56,104
2024
$1,695
2024
GDP per capita rank
19/197
2024
160/197
2024
GDP per capita, PPP
$73,552
2024
$4,565
2024
GDP per capita PPP rank
20/197
2024
161/197
2024
Government debt
$2.97T
2024
$12.2B
2024
Debt-to-GDP ratio
63.5%
2024
48.8%
2024
Government debt per person
$35,606
2024
$828
2024
Government debt per person rank
21/185
2024
147/185
2024
Average annual personal income after taxes
$41,775
2026
$20,020
2026
Market capitalization of domestic companies
$2.04T
2024
n/a
Number of millionaires
2,675,000
2025
n/a
Number of billionaires
171
2025
n/a
Income share by richest 10%
25%
2020
23.1%
2018
Income share by poorest 10%
2.9%
2020
3.5%
2018
Government expenditure, % of GDP
49.4%
2024
20.6%
2024
Consumer prices inflation
2.26%
2023-2024
4.7%
2023-2024
Unemployment rate
3.37%
2024
5.02%
2019
Population
82575542
15546235

Spending and national debt comparison by year

Germany
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Germany Guinea
Government spending Government debt Government spending Government debt
2024 49.4% 63.5% 20.6% 48.8%
2023 48.1% 62.4% 18.3% 40.4%
2022 48.6% 64.4% 15.7% 37.9%
2021 50.7% 68% 15.1% 40.6%
2020 51.1% 68% 17.1% 45.3%
2019 45.5% 58.7% 14.9% 37.3%
2018 44.7% 60.8% 15.9% 37.5%
2017 44.5% 64% 17.3% 39.9%
2016 44.7% 68.3% 16.1% 40.6%
2015 44.5% 71.2% 21.7% 41.5%
2014 44.5% 74.5% 20.1% 32.1%
2013 45.2% 77.5% 18.6% 30.5%
2012 45.1% 79.8% 19.6% 26.9%
2011 45.3% 78.5% 16% 53.8%
2010 48.1% 81% 20.5% 71.1%
2009 48.3% 72.4% 16.2% 61.3%
2008 44.4% 65.2% 10.1% 58.5%
2007 43.5% 63.7% 8.66% 60.8%
2006 45.3% 66.4% 13.2% 95.2%
2005 46.9% 67.1% 11% 97.9%
2004 47% 65% 13% 86.9%
2003 48.5% 63.3% 14.7% 81.6%
2002 48.2% 59.8% 14.4% 82.6%
2001 47.7% 58.1% 14.9% 90.4%
2000 48.1% 59.2% 12.6% 91.5%
1999 48.5% 60.3% 11.6% 92.3%
1998 48.3% 59.4% 10.3% 75.9%
1997 48.8% 58.8% 12.6% 67.9%
1996 49.6% 57.7% 12% 67.7%
1995 55.2% 54.9% 12.7% 66.5%
1994 48.3% 47.5% 12.6% 71.3%
1993 48.3% 45.1% 13.3% 68.9%
1992 47.4% 41.4% 13.8% 62%
1991 46.5% 39% 16.3% 70.9%
1990 44.7% 40.7% 18.7% 71.6%
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

GeoRank.org/economy/germany/guinea | CC BY

In 2024, Germany's government spending was $2.32T, accounting for 49.4% of its GDP, while Guinea spent $5.14B, or 20.6% of GDP.

Debt-to-GDP ratio is 63.5% in Germany and 48.8% in Guinea, ranking 72/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Guinea
1x
Year Deficit/surplus, % of GDP
Germany Guinea
2024 -2.66% -4.99%
2023 -2.49% -3.86%
2022 -1.91% -1.88%
2021 -3.17% -1.7%
2020 -4.38% -3.08%
2019 1.33% -0.17%
2018 1.88% -0.97%
2017 1.34% -1.98%
2016 1.13% -0.08%
2015 0.91% -6.53%
2014 0.73% -3.01%
2013 0.12% -3.86%
2012 -0.05% 23.7%
2011 -0.84% -0.92%
2010 -4.42% -9.66%
2009 -3.18% -4.87%
2008 -0.26% 0.38%
2007 0.15% 1.28%
2006 -1.76% -2.13%
2005 -3.37% -1.06%
2004 -3.42% -3.85%
2003 -3.83% -4.65%
2002 -4.09% -3.37%
2001 -3.12% -3.23%
2000 -1.71% -2.42%
1999 -1.87% -1.3%
1998 -2.65% 2.46%
1997 -3.03% 0.07%
1996 -3.64% -2.2%
1995 -9.44% -1.07%
1994 -2.54% -2.59%
1993 -3.11% -2.33%
1992 -2.63% -0.89%
1991 -3.21% -3.25%
1990 -1.94% -3.76%
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/germany/guinea | CC BY

In 2024, Germany's government deficit, the difference between spending and revenue, was $125B, equivalent to 2.66% of GDP. This compares to Guinea's deficit of $1.25B, or 4.99% of GDP.

Over the past 35 years, Germany recorded a fiscal deficit in 27 of those years, while Guinea ran a deficit in 30 years. On average, Germany posted an annual deficit equal to 2.03% of GDP, compared to deficit of 1.65% of GDP for Guinea.

Inflation comparison by year

Inflation
Germany

Guinea
1x
Year Consumer prices inflation
Germany Guinea
2024 2.26% 4.7%
2023 5.95% 5.4%
2022 6.87% 10.5%
2021 3.07% 12.6%
2020 0.14% 10.6%
2019 1.45% 9.5%
2018 1.73% 9.8%
2017 1.51% 8.9%
2016 0.49% 8.2%
2015 0.51% 8.2%
2014 0.91% 9.7%
2013 1.5% 11.9%
2012 2.01% 15.2%
2011 2.08% 21.4%
2010 1.1% 15.5%
2009 0.31% 4.7%
2008 2.63% 18.4%
2007 2.3% 22.9%
2006 1.58% 34.7%
2005 1.55% 31.4%
2004 1.67% 17.5%
2003 1.03% 11%
2002 1.42% 3%
2001 1.98% 5.4%
2000 1.44% 6.8%
1999 0.59% 4.6%
1998 0.91% 5.1%
1997 1.94% 1.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/guinea | CC BY

Over the past 28 years, Germany has recorded an average annual inflation rate of 1.82%, compared with 11.8% in Guinea. In 2024, inflation was 2.26% in Germany and 4.7% in Guinea.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $115M
Raw agricultural goods $40.6M
Chemicals & pharma $9.69M
Processed food, beverages & tobacco $7.93M
Raw materials & minerals $3.66M
Animal & marine products $2.81M
Miscellaneous $2.75M
Textiles & consumer goods $2.56M
Metals $2.02M
Wood & paper products $453K
Guinea
Export category Export value
Raw materials & minerals $88M
Processed food, beverages & tobacco $6.48M
Raw agricultural goods $486K
Textiles & consumer goods $333K
Precious metals & jewellery $328K
Wood & paper products $80K
Machinery & equipment $4K

Balance of trade

Germany Guinea
Current account balance
$270B
2024
-$392M
2024
Current account balance ranking
2/190
2024
104/190
2024
Current account balance, % of GDP
+5.77%
2024
-1.57%
2024
Goods imports
$1.21T
2024
$7.08B
2024
Goods exports
$1.47T
2024
$11.6B
2024
Service imports
$548B
2024
$3.15B
2024
Service exports
$470B
2024
$71.2M
2024
Imports of goods and services, % of GDP
37.7%
2024
56.4%
2024
Exports of goods and services, % of GDP
41.4%
2024
41.4%
2024

Economic freedom indices

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

Germany Guinea
Economic freedom 71.7 53.1
Economic freedom ranking 30/197 141/197
Property rights 95.5 21.3
Government integrity 84.5 26.7
Judicial effectiveness 94.6 26
Tax burden 60.5 70.1
Government spending 28.8 90.1
Fiscal health 83.1 74.8
Business freedom 79.8 44.8
Labor freedom 52.2 56.4
Monetary freedom 72.5 75.3
Trade freedom 79.4 61.8
Investment freedom 60 50
Financial freedom 70 40

Economic freedom comparison by year

Germany
Guinea
1x
Year Economic freedom index
Germany Guinea
2026 71.7 53.1
2025 71.6 54.6
2024 72.1 53.3
2023 73.7 53.2
2022 76.1 54.2
2021 72.5 56.5
2020 73.5 56.5
2019 73.5 55.7
2018 74.2 52.2
2017 73.8 47.6
2016 74.4 53.3
2015 73.8 52.1
2014 73.4 53.5
2013 72.8 51.2
2012 71 50.8
2011 71.8 51.7
2010 71.1 51.8
2009 70.5 51
2008 70.6 52.8
2007 70.8 54.5
2006 70.8 52.8
2005 68.1 57.4
2004 69.5 56.1
2003 69.7 54.6
2002 70.4 52.9
2001 69.5 58.4
2000 65.7 58.2
1999 65.6 59.4
1998 64.3 61
1997 67.5 52.9
1996 69.1 58.5
1995 69.8 59.4

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

GeoRank.org/economy/germany/guinea | CC BY

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Guinea
Services, % of GDP
64%
2024
36.3%
2024
Industry, % of GDP
25.6%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.91%
2024
31%
2024
GNI, Atlas method
$4.6T
2024
$21.3B
2024
GNI per capita, PPP
$76,180
2024
$4,130
2024
Total reserves including gold
$378B
2024
$1.89B
2023
Total reserves ranking
10/177
2024
128/177
2023
Net foreign direct investment
$32.6B
2024
-$1.4B
2024
Net inflows of foreign direct investment
$47.6B
2024
$1.4B
2024
Net outflows of foreign direct investment
$80.2B
2024
$30K
2024
Servicing debt to the IMF, % of GNI n/a
1.94%
2024
Poverty at national poverty lines
14.8%
2021
47%
2020
Gross capital formation, % of GDP
21.5%
2024
32.1%
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/germany/guinea | 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 (1880–1990, 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 (2016–2024, 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.