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Economy of Germany vs Qatar compared: GDP & Debt

Updated on by Georank

Germany has a GDP of $5.05T compared to $216B for Qatar, ranking 3/197 and 56/197 by economy size, respectively.

Germany has $3.18T in government debt (62.9% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Germany vs Qatar GDP by year

Germany
Qatar
1x
Year GDP, current $
Germany Qatar
2025 $5,050,922,925,047 $215,559,615,385
2024 $4,685,592,577,805 $216,294,505,495
2023 $4,562,207,532,490 $213,002,809,341
2022 $4,201,021,706,479 $235,709,325,714
2021 $4,355,251,953,411 $179,732,009,560
2020 $3,941,398,957,074 $144,411,363,352
2019 $3,959,894,794,039 $176,371,267,692
2018 $4,055,433,215,302 $183,334,953,819
2017 $3,765,351,626,106 $161,099,122,225
2016 $3,536,787,895,179 $151,732,181,868
2015 $3,425,099,578,746 $161,739,955,577
2014 $3,964,870,735,761 $206,224,598,571
2013 $3,807,023,797,051 $198,727,642,967
2012 $3,596,483,233,406 $186,833,502,363
2011 $3,823,575,803,794 $167,775,274,725
2010 $3,467,093,769,667 $125,122,252,747
2009 $3,478,545,516,684 $97,798,351,648
2008 $3,808,197,720,125 $115,269,780,220
2007 $3,484,056,680,855 $79,711,813,187
2006 $3,046,308,753,671 $60,882,142,857
2005 $2,893,393,187,362 $44,530,494,505
2004 $2,852,317,768,062 $31,734,065,934
2003 $2,534,715,518,349 $23,533,791,209
2002 $2,102,350,798,306 $19,363,736,264
2001 $1,966,381,496,642 $17,538,461,538
2000 $1,966,980,701,145 $17,759,890,110
1999 $2,213,873,468,587 $12,393,131,868
1998 $2,247,760,364,566 $10,255,494,505
1997 $2,218,790,886,533 $11,297,802,198
1996 $2,506,576,553,158 $9,059,340,659
1995 $2,593,053,091,306 $8,137,912,088
1994 $2,215,282,632,277 $7,374,450,549
1993 $2,078,954,217,438 $7,156,593,407
1992 $2,141,377,582,968 $7,646,153,846
1991 $1,875,792,575,133 $6,883,516,484
1990 $1,778,162,195,860 $7,360,439,560
1989 $1,404,092,925,205 $6,487,912,088
1988 $1,406,367,016,372 $6,038,186,813
1987 $1,302,932,318,825 $5,446,428,571
1986 $1,050,092,624,516 $5,053,021,978
1985 $735,218,723,093 $6,153,296,703
1984 $727,767,760,979 $6,870,329,670
1983 $773,507,930,295 $6,484,890,110
1982 $779,421,633,755 $7,611,263,736
1981 $803,404,797,058 $8,672,527,473
1980 $953,772,499,462 $7,837,915,956
1979 $884,574,218,333 $5,632,962,997
1978 $743,182,891,918 $4,052,000,413
1977 $602,698,323,086 $3,617,564,638
1976 $521,658,712,133 $3,284,273,987
1975 $492,434,094,920 $2,512,773,166
1974 $446,934,971,657 $2,401,403,227
1973 $399,833,571,167 $793,885,560
1972 $300,899,944,795 $510,262,500
1971 $250,900,942,397 $387,703,106
1970 $216,629,229,947 $301,791,302
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Germany vs Qatar by year

Germany
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,496 - $72,525 -
2024 $56,104 $73,552 $75,685 $126,046
2023 $54,777 $71,684 $80,196 $129,368
2022 $50,507 $69,049 $88,701 $122,921
2021 $52,349 $62,531 $71,752 $116,833
2020 $47,395 $58,686 $51,684 $82,149
2019 $47,656 $59,271 $66,841 $107,503
2018 $48,916 $56,273 $71,040 $110,033
2017 $45,554 $54,110 $63,280 $99,358
2016 $42,949 $51,570 $61,254 $89,935
2015 $41,930 $48,545 $68,985 $102,546
2014 $48,960 $47,939 $95,841 $148,389
2013 $47,207 $45,889 $103,697 $169,203
2012 $44,718 $44,229 $108,470 $180,939
2011 $47,631 $43,398 $103,262 $174,620
2010 $42,397 $39,726 $77,387 $151,646
2009 $42,472 $37,574 $60,786 $125,898
2008 $46,379 $38,444 $80,781 $126,015
2007 $42,351 $36,914 $65,954 $124,056
2006 $36,980 $34,741 $62,582 $127,181
2005 $35,084 $32,314 $53,950 $115,250
2004 $34,567 $31,753 $41,036 $110,958
2003 $30,711 $30,301 $31,602 $94,120
2002 $25,487 $29,514 $27,227 $93,177
2001 $23,878 $28,674 $25,871 $89,805
2000 $23,926 $27,474 $27,535 $88,849
1999 $26,965 $26,518 $20,234 $84,690
1998 $27,396 $25,446 $17,665 $84,486
1997 $27,047 $24,649 $20,523 $79,219
1996 $30,600 $24,169 $17,125 $62,331
1995 $31,747 $23,631 $15,823 $60,321
1994 $27,202 $22,869 $14,765 $59,415
1993 $25,617 $21,900 $14,770 $59,125
1992 $26,560 $21,746 $16,280 $60,387
1991 $23,443 $21,001 $15,133 $54,759
1990 $22,386 $19,468 $16,722 $55,659
1989 $17,829 - $15,243 -
1988 $17,997 - $14,682 -
1987 $16,739 - $13,719 -
1986 $13,511 - $13,213 -
1985 $9,464 - $16,815 -
1984 $9,347 - $19,749 -
1983 $9,900 - $19,669 -
1982 $9,950 - $24,431 -
1981 $10,246 - $29,543 -
1980 $12,183 - $28,407 -
1979 $11,322 - $21,777 -
1978 $9,517 - $16,757 -
1977 $7,711 - $16,058 -
1976 $6,659 - $15,710 -
1975 $6,259 - $13,014 -
1974 $5,660 - $13,540 -
1973 $5,065 - $4,905 -
1972 $3,824 - $3,483 -
1971 $3,204 - $2,952 -
1970 $2,771 - $2,594 -
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 (1960–2025, retrieved 2026-07-08).

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

Germany's GDP per capita is $60,496, ranking 18/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Qatar ranks 5th at $126,046.

Economic indicators

Germany Qatar
Gross domestic product
$5.05T
2025
$216B
2025
GDP rank
3/197
2025
56/197
2025
GDP growth
0.24%
2024-2025
2.9%
2024-2025
GDP per capita
$60,496
2025
$72,525
2025
GDP per capita rank
18/197
2025
13/197
2025
GDP per capita, PPP
$73,552
2024
$126,046
2024
GDP per capita PPP rank
20/197
2024
5/197
2024
Government debt
$3.18T
2025
$89.2B
2025
Debt-to-GDP ratio
62.9%
2025
41.4%
2025
Government debt per person
$38,071
2025
$30,009
2025
Government debt per person rank
21/185
2025
24/185
2025
Average annual personal income after taxes
$40,352
2026
$37,042
2026
Market capitalization of domestic companies
$2.9T
2025
$177B
2025
Number of millionaires
2,648,000
2026
30,000
2026
Number of billionaires
212
2026
2
2026
Income share by richest 10%
26.2%
2022
25.8%
2017
Income share by poorest 10%
2.3%
2022
2.6%
2017
Government expenditure, % of GDP
50.5%
2025
27.1%
2025
Consumer prices inflation
2.17%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
3.8%
2025
0.1%
2024
Population
82830814
3058826

Spending and national debt comparison by year

Germany
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Germany Qatar
Government spending Government debt Government spending Government debt
2025 50.5% 62.9% 27.1% 41.4%
2024 49.4% 62.2% 26% 41.3%
2023 48.1% 62.3% 26.7% 42.8%
2022 48.6% 64.4% 24.3% 42.6%
2021 50.7% 67.9% 29.4% 58.4%
2020 51.1% 68% 34.7% 72.6%
2019 45.5% 58.7% 32.5% 62.1%
2018 44.7% 60.8% 28.9% 52.2%
2017 44.5% 64% 34.7% 51.6%
2016 44.7% 68.3% 40.1% 46.7%
2015 44.5% 71.2% 38.6% 35.5%
2014 44.5% 74.5% 32.3% 24.9%
2013 45.2% 77.5% 28.3% 30.9%
2012 45.1% 79.8% 31% 32.1%
2011 45.3% 78.5% 28.5% 33.5%
2010 48.1% 81% 32% 30.4%
2009 48.3% 72.4% 36.4% 36%
2008 44.4% 65.2% 23.5% 11.4%
2007 43.5% 63.7% 29.5% 9.37%
2006 45.3% 66.4% 29.5% 13.9%
2005 46.9% 67.1% 29% 19.1%
2004 47% 65% 29.9% 30.1%
2003 48.5% 63.3% 28.5% 38.8%
2002 48.2% 59.8% 31.6% 47.7%
2001 47.7% 58.1% 32.1% 59.2%
2000 48.1% 59.2% 29.8% 51.6%
1999 48.5% 60.3% 42.4% 81.8%
1998 48.3% 59.4% 55.1% 76.6%
1997 48.8% 58.8% 47.6% 54.4%
1996 49.6% 57.7% 55.2% 57.8%
1995 55.2% 54.9% 52.2% 50.2%
1994 48.3% 47.5% 59.8% 54.8%
1993 48.3% 45.1% 62.8% 46.3%
1992 47.4% 41.4% 54.2% 19.9%
1991 46.5% 39% 57.5% 21.8%
1990 44.7% 40.7% 50% 12.6%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

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

In 2025, Germany's government spending was $2.55T, accounting for 50.5% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 62.9% in Germany and 41.4% in Qatar, ranking 70/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Qatar
1x
Year Deficit/surplus, % of GDP
Germany Qatar
2025 -2.67% -1%
2024 -2.66% 0.71%
2023 -2.49% 5.51%
2022 -1.91% 10.4%
2021 -3.17% 0.24%
2020 -4.38% -2.13%
2019 1.33% 1%
2018 1.88% 2.26%
2017 1.34% -6.82%
2016 1.13% -9.2%
2015 0.91% 18.4%
2014 0.73% 13.4%
2013 0.12% 19.3%
2012 -0.05% 8.55%
2011 -0.84% 5.24%
2010 -4.42% 4.6%
2009 -3.18% 14.1%
2008 -0.26% 9.49%
2007 0.15% 10.3%
2006 -1.76% 8.39%
2005 -3.37% 9.8%
2004 -3.42% 17.7%
2003 -3.83% 6.71%
2002 -4.09% 7.89%
2001 -3.12% 4.48%
2000 -1.71% 4.62%
1999 -1.87% -4.35%
1998 -2.65% -7%
1997 -3.03% -9.4%
1996 -3.64% -8.73%
1995 -9.44% -5.78%
1994 -2.54% -11.8%
1993 -3.11% -9.53%
1992 -2.63% -2.74%
1991 -3.21% -2.57%
1990 -1.94% 3.23%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Germany's government deficit, the difference between spending and revenue, was $135B, equivalent to 2.67% of GDP. This compares to Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Germany recorded a fiscal deficit in 28 of those years, while Qatar ran a deficit in 13 years. On average, Germany posted an annual deficit equal to 2.05% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Germany

Qatar
1x
Year Consumer prices inflation
Germany Qatar
2025 2.17% 0.6%
2024 2.26% 1.2%
2023 5.95% 3.1%
2022 6.87% 5%
2021 3.07% 2.3%
2020 0.14% -2.5%
2019 1.45% -0.9%
2018 1.73% 0.1%
2017 1.51% 0.6%
2016 0.49% 2.7%
2015 0.51% 0.9%
2014 0.91% 4.2%
2013 1.5% 3.1%
2012 2.01% 1.8%
2011 2.08% 2%
2010 1.1% -2.4%
2009 0.31% -4.9%
2008 2.63% 15.1%
2007 2.3% 13.7%
2006 1.58% 11.7%
2005 1.55% 9%
2004 1.67% 6.8%
2003 1.03% 2.3%
2002 1.42% 0.2%
2001 1.98% 1.7%
2000 1.44% 1.6%
1999 0.59% 2.2%
1998 0.91% 2.9%
1997 1.94% 2.7%

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/germany/qatar | CC BY

Over the past 29 years, Germany has recorded an average annual inflation rate of 1.83%, compared with 2.99% in Qatar. In 2025, inflation was 2.17% in Germany and 0.6% in Qatar.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $1.39B
Chemicals & pharma $235M
Metals $183M
Textiles & consumer goods $114M
Miscellaneous $109M
Processed food, beverages & tobacco $30M
Raw materials & minerals $27.5M
Wood & paper products $9.91M
Precious metals & jewellery $9.46M
Raw agricultural goods $6.94M
Qatar
Export category Export value
Raw materials & minerals $1.26B
Machinery & equipment $101M
Chemicals & pharma $71.9M
Textiles & consumer goods $6.23M
Animal & marine products $6.01M
Precious metals & jewellery $5.94M
Weapons & explosives $3.32M
Metals $1.48M
Wood & paper products $135K
Miscellaneous $85K

Balance of trade

Germany Qatar
Current account balance
$228B
2025
$31.9B
2025
Current account balance ranking
2/190
2025
17/190
2025
Current account balance, % of GDP
+4.51%
2025
+14.8%
2025
Goods imports
$1.32T
2025
$34.3B
2025
Goods exports
$1.53T
2025
$90B
2025
Service imports
$602B
2025
$31.3B
2025
Service exports
$518B
2025
$24.4B
2025
Imports of goods and services, % of GDP
38.1%
2025
31.6%
2022
Exports of goods and services, % of GDP
40.4%
2025
68.6%
2022

Economic freedom indices

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

Germany Qatar
Economic freedom 71.7 70.2
Economic freedom ranking 30/197 37/197
Property rights 95.5 66.2
Government integrity 84.5 53.5
Judicial effectiveness 94.6 41.5
Tax burden 60.5 99.9
Government spending 28.8 79.9
Fiscal health 83.1 96.6
Business freedom 79.8 68
Labor freedom 52.2 58.5
Monetary freedom 72.5 76
Trade freedom 79.4 81.8
Investment freedom 60 60
Financial freedom 70 60

Economic freedom comparison by year

Germany
Qatar
1x
Year Economic freedom index
Germany Qatar
2026 71.7 70.2
2025 71.6 70.2
2024 72.1 68.8
2023 73.7 68.6
2022 76.1 67.7
2021 72.5 72
2020 73.5 72.3
2019 73.5 72.6
2018 74.2 72.6
2017 73.8 73.1
2016 74.4 70.7
2015 73.8 70.8
2014 73.4 71.2
2013 72.8 71.3
2012 71 71.3
2011 71.8 70.5
2010 71.1 69
2009 70.5 65.8
2008 70.6 62.2
2007 70.8 62.9
2006 70.8 62.4
2005 68.1 63.5
2004 69.5 66.5
2003 69.7 65.9
2002 70.4 61.9
2001 69.5 60
2000 65.7 62
1999 65.6 62
1998 64.3 -
1997 67.5 -
1996 69.1 -
1995 69.8 -

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

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

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Qatar
Services, % of GDP
64.5%
2025
47%
2025
Industry, % of GDP
25.2%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
0.87%
2025
0.31%
2025
GNI, Atlas method
$5.03T
2025
$221B
2025
GNI per capita, PPP
$78,140
2025
$126,290
2025
Total reserves including gold
$572B
2025
$55.8B
2025
Total reserves ranking
7/177
2025
45/177
2025
Net foreign direct investment
$12.9B
2025
$311M
2025
Net inflows of foreign direct investment
$62.6B
2024
$460M
2024
Net outflows of foreign direct investment
$87B
2024
$1.56B
2024
Poverty at national poverty lines
14.8%
2021
n/a
Gross capital formation, % of GDP
21.9%
2025
30.6%
2022

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/germany/qatar | 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.