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Economy of Honduras vs Indonesia compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $1.4T for Indonesia, ranking 104/197 and 16/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Honduras vs Indonesia GDP by year

Honduras
Indonesia
1x
Year GDP, current $
Honduras Indonesia
2024 $37,093,565,854 $1,396,300,098,191
2023 $34,355,805,528 $1,371,169,301,564
2022 $31,426,041,807 $1,319,101,183,380
2021 $28,144,331,507 $1,186,509,691,087
2020 $23,352,232,484 $1,059,054,842,698
2019 $24,882,225,742 $1,119,099,871,350
2018 $24,067,750,760 $1,042,271,532,989
2017 $23,136,247,991 $1,015,618,744,160
2016 $21,717,604,952 $931,877,364,038
2015 $20,979,791,685 $860,854,232,686
2014 $19,756,533,972 $890,814,755,534
2013 $18,499,729,215 $912,524,136,718
2012 $18,528,554,398 $917,869,913,333
2011 $17,710,275,685 $892,969,104,563
2010 $15,839,344,592 $755,094,157,622
2009 $14,587,496,229 $539,580,085,612
2008 $13,881,731,876 $510,228,634,992
2007 $12,361,257,681 $432,216,737,775
2006 $10,917,477,066 $364,570,515,618
2005 $9,757,012,697 $285,868,619,196
2004 $8,869,299,234 $256,836,875,295
2003 $8,230,391,347 $234,772,463,824
2002 $7,858,255,413 $195,660,611,165
2001 $7,651,162,302 $160,446,947,785
2000 $7,186,638,029 $165,021,012,078
1999 $6,394,090,592 $140,001,351,215
1998 $6,163,707,533 $95,445,547,873
1997 $5,569,178,707 $215,748,998,610
1996 $4,798,834,459 $227,369,679,375
1995 $4,672,346,194 $202,132,028,723
1994 $4,105,686,899 $176,892,143,932
1993 $4,190,773,622 $158,006,700,302
1992 $4,122,846,905 $128,026,966,580
1991 $3,699,381,195 $116,621,996,217
1990 $3,734,460,117 $106,140,727,334
1989 $4,375,896,552 $94,451,427,877
1988 $4,892,660,944 $84,300,174,486
1987 $5,024,800,000 $75,929,617,558
1986 $4,706,100,000 $79,954,072,545
1985 $4,328,300,000 $85,289,488,375
1984 $4,029,900,000 $84,853,700,028
1983 $3,840,550,000 $81,052,283,384
1982 $3,619,500,000 $90,158,449,295
1981 $3,501,800,000 $85,518,233,419
1980 $3,184,400,000 $72,482,337,397
1979 $2,778,900,000 $51,400,186,343
1978 $2,393,650,000 $51,455,719,076
1977 $1,900,700,000 $45,808,915,663
1976 $1,589,300,000 $37,269,156,627
1975 $1,330,050,000 $30,463,855,422
1974 $1,243,000,000 $25,802,409,639
1973 $1,128,299,436 $16,273,253,012
1972 $1,030,645,362 $10,997,590,361
1971 $958,450,000 $9,333,536,370
1970 $904,400,000 $9,150,684,932
1969 $844,400,000 $8,337,423,313
1968 $815,450,000 $7,076,465,300
1967 $750,950,000 $5,667,756,628
1966 $692,150,000 -
1965 $651,050,000 -
1964 $591,100,000 -
1963 $553,500,000 -
1962 $532,450,000 -
1961 $503,300,000 -
1960 $475,650,000 -

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

GeoRank.org/economy/honduras/indonesia | CC BY

GDP per capita in Honduras vs Indonesia by year

Honduras
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $4,925 $16,448
2023 $3,227 $7,178 $4,876 $15,416
2022 $3,003 $6,805 $4,731 $14,285
2021 $2,735 $6,203 $4,287 $12,757
2020 $2,308 $5,385 $3,854 $11,729
2019 $2,502 $5,785 $4,107 $11,986
2018 $2,465 $5,633 $3,861 $11,372
2017 $2,413 $5,621 $3,799 $10,688
2016 $2,307 $5,186 $3,521 $10,263
2015 $2,271 $4,846 $3,288 $10,028
2014 $2,180 $4,460 $3,441 $10,065
2013 $2,081 $4,137 $3,567 $9,866
2012 $2,126 $4,016 $3,632 $9,530
2011 $2,074 $3,901 $3,579 $8,937
2010 $1,893 $3,758 $3,066 $8,353
2009 $1,781 $3,656 $2,218 $7,868
2008 $1,732 $3,806 $2,125 $7,569
2007 $1,578 $3,664 $1,823 $7,096
2006 $1,426 $3,438 $1,558 $6,583
2005 $1,305 $3,204 $1,238 $6,134
2004 $1,215 $3,001 $1,127 $5,700
2003 $1,156 $2,821 $1,043 $5,353
2002 $1,132 $2,715 $881 $5,076
2001 $1,132 $2,645 $732 $4,849
2000 $1,093 $2,587 $764 $4,639
1999 $999 $2,372 $657 $4,386
1998 $989 $2,152 $455 $4,356
1997 $917 $1,959 $1,045 $5,037
1996 $813 $1,617 $1,119 $4,807
1995 $814 $1,329 $1,011 $4,451
1994 $736 $1,074 $900 $4,096
1993 $773 $838 $817 $3,793
1992 $782 $741 $674 $3,538
1991 $722 $684 $624 $3,305
1990 $750 $540 $578 $3,044
1989 $904 - $524 -
1988 $1,039 - $477 -
1987 $1,098 - $438 -
1986 $1,058 - $470 -
1985 $1,001 - $511 -
1984 $960 - $520 -
1983 $942 - $508 -
1982 $914 - $578 -
1981 $912 - $561 -
1980 $854 - $487 -
1979 $769 - $353 -
1978 $683 - $362 -
1977 $559 - $331 -
1976 $482 - $275.7 -
1975 $417 - $231.1 -
1974 $401 - $200.7 -
1973 $375 - $129.9 -
1972 $353 - $90.1 -
1971 $338 - $78.5 -
1970 $329 - $79.1 -
1969 $316 - $74.1 -
1968 $314 - $64.7 -
1967 $298.2 - $53.2 -
1966 $282.9 - - -
1965 $273.9 - - -
1964 $255.9 - - -
1963 $246.6 - - -
1962 $244 - - -
1961 $237.3 - - -
1960 $230.7 - - -

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

GeoRank.org/economy/honduras/indonesia | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Indonesia ranks 107th at $16,448.

Economic indicators

Honduras Indonesia
Gross domestic product
$37.1B
2024
$1.4T
2024
GDP rank
104/197
2024
16/197
2024
GDP growth
3.55%
2023-2024
5.03%
2023-2024
GDP per capita
$3,426
2024
$4,925
2024
GDP per capita rank
136/197
2024
121/197
2024
GDP per capita, PPP
$7,486
2024
$16,448
2024
GDP per capita PPP rank
146/197
2024
107/197
2024
Government debt
$17.5B
2024
$561B
2024
Debt-to-GDP ratio
47.1%
2024
40.2%
2024
Government debt per person
$1,613
2024
$1,978
2024
Government debt per person rank
126/185
2024
120/185
2024
Average annual personal income after taxes
$4,901
2026
$3,371
2026
Market capitalization of domestic companies n/a
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires n/a
33
2025
Income share by richest 10%
32.3%
2024
28.8%
2024
Income share by poorest 10%
1.2%
2024
3.5%
2024
Government expenditure, % of GDP
25.7%
2024
16.8%
2024
Consumer prices inflation
4.61%
2023-2024
2.18%
2023-2024
Central bank interest rate
5.75%
2024
4.75%
2025
Unemployment rate
4.91%
2024
3.31%
2023
Population
11237619
288551776

Spending and national debt comparison by year

Honduras
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Honduras Indonesia
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 16.8% 40.2%
2023 27.2% 47.9% 16.6% 39.6%
2022 24% 51% 17.3% 40.1%
2021 28.8% 50.3% 18.1% 41.1%
2020 28.4% 52.5% 18.4% 39.7%
2019 25.9% 44.1% 16.4% 30.6%
2018 26.2% 43.5% 16.6% 30.4%
2017 26.9% 43.6% 16.4% 29.4%
2016 27.4% 40.3% 16.9% 28%
2015 26% 42.3% 17.6% 27%
2014 26.4% 43% 18.4% 24.6%
2013 28% 42.1% 18.8% 24.9%
2012 26.4% 32.4% 18.8% 23%
2011 25.9% 31.5% 17.7% 23.1%
2010 26.5% 28.9% 16.9% 26.4%
2009 28.4% 23.8% 17% 26.5%
2008 26.4% 22.3% 19.4% 30.3%
2007 24.4% 24% 18.7% 38.1%
2006 24.4% 39.2% 18.4% 35.8%
2005 23.6% 55.6% 17.4% 42.6%
2004 25.5% 60.9% 17.8% 51.3%
2003 26.4% 67.8% 18.2% 55.6%
2002 26.8% 64.2% 16.9% 62.3%
2001 25.1% 63.4% 19.5% 73.7%
2000 22.1% 65.8% 15.3% 87.4%
1999 23.3% 75.8% 15.1% 95.9%
1998 19.4% 67.4% 15.1% 72.5%
1997 19.4% 70.8% 15.2% 26.4%
1996 18.7% 64.6% 11.5% 27.5%
1995 17.2% 65.4% 11.9% 32%
1994 19.2% 86.4% 13.5% 37%
1993 23.7% 108% 14.1% 40.4%
1992 20.5% 116.5% 16.8% 42.6%
1991 18.8% 122.2% 15% 39.2%
1990 16.4% 200.3% 15.8% 40.8%
1989 10.2% 68.4% 16.5% 42.5%
1988 16% 71.7% 17.3% 45.6%
1987 17.2% 73.6% 18% 49.7%
1986 19.8% 69.9% 20.9% 38.3%
1985 22.5% 65.7% 18.5% 28%
1984 22.4% 60.5% 16.1% 23.5%
1983 20.8% 57.6% 18.2% 23.1%
1982 18.7% 54.3% 18.8% 18.6%
1981 15.3% 48.1% 24.4% 16.4%
1980 16.2% 41% 22.1% 17.3%
1979 14.4% 36.1% 20.9% 22%
1978 13.1% 32.8% 20.1% 30.3%
1977 14.6% 28.2% 19.5% 27.7%
1976 11.5% 26.5% 21.8% 38.1%
1975 11.9% 24% 20.5% 36.7%
1974 11.7% 18.5% 17.3% 34.4%
1973 11.1% 16.6% 16.3% 43.1%
1972 12.6% 16.8% 15.7% 51.2%
1971 15.2% 19.8% 14.5% 50.5%
1970 15.2% 17.2% 13.8% 46.7%
1969 13.6% 13% 12.8% -
1968 11.6% 9.75% 8.82% -
1967 11.4% 9.72% 10.4% -
1966 11.4% 9.47% 9.18% -
1965 10.6% 8.97% 10.7% -
1964 11.4% 9.78% 9.55% -
1963 10.1% 9.02% 10.3% -
1962 10.5% 8.54% 7.89% -
1961 11.2% 8.22% 15.1% -
1960 12.2% 8.97% 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/honduras/indonesia | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 40.2% in Indonesia, ranking 115/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Indonesia
1x
Year Deficit/surplus, % of GDP
Honduras Indonesia
2024 -1.12% -2.3%
2023 -1.96% -1.64%
2022 1.57% -2.31%
2021 -3.17% -4.4%
2020 -4.58% -6.07%
2019 0.09% -2.09%
2018 0.2% -1.69%
2017 -0.41% -2.26%
2016 -0.4% -2.56%
2015 -0.78% -2.72%
2014 -2.81% -1.8%
2013 -5.48% -1.96%
2012 -3.48% -1.59%
2011 -2.94% -0.7%
2010 -3.37% -1.24%
2009 -4.86% -1.64%
2008 -0.27% 0.05%
2007 -0.25% -0.95%
2006 -1.36% 0.45%
2005 -0.03% 0.46%
2004 -2.48% -0.26%
2003 -5.09% -1.08%
2002 -5.02% -0.58%
2001 -3.12% -1.76%
2000 1.51% -1.87%
1999 1.38% -0.96%
1998 2.89% -1.89%
1997 0.08% -1.03%
1996 0.13% 0.96%
1995 -0.24% 0.64%
1994 -0.98% 0.005%
1993 -5.03% -0.59%
1992 -1.41% -2.95%
1991 -1.95% -0.87%
1990 -1.82% -0.55%
1989 2.08% -1.72%
1988 -2.65% -2.68%
1987 -3.23% -0.9%
1986 -5.92% -2.94%
1985 -8.58% -0.45%
1984 -9.33% 1.83%
1983 -9.1% -1%
1982 -6.17% -1.11%
1981 -2.5% -0.69%
1980 -2.52% -0.82%
1979 -1.55% -0.67%
1978 -0.68% -2.03%
1977 -2.55% -0.38%
1976 -0.93% -2.63%
1975 -1.78% -2.33%
1974 -0.27% -0.35%
1973 -0.71% -1.33%
1972 -2.37% -1.82%
1971 -3.51% -2.51%
1970 -3.24% -3.02%
1969 -2.16% -2.8%
1968 -0.38% 0%
1967 -0.73% -0.35%
1966 -0.45% -5.06%
1965 0.19% -6.62%
1964 -1.77% -5.58%
1963 -0.39% -5.24%
1962 -0.71% -3.1%
1961 -1.05% -4.57%
1960 -1.22% -1.65%
1959 -1.31% -4.06%
1958 -1.16% -6.67%
1957 -1.01% -2.92%
1956 -1.81% -1.38%
1955 -0.42% -1.6%
1954 -2.91% -3.16%
1953 -2.96% -2.33%
1952 -3.21% -3.66%
1951 -1.04% 1.52%
1950 -0.44% -
1949 -1.92% -
1948 0.52% -
1947 -0.83% -
1946 0.32% -
1945 0% -
1944 -0.82% -
1943 -0.48% -
1942 0% -
1941 -0.26% -
1940 -0.43% -
1939 -0.52% -
1938 -0.74% -
1937 -1.37% -
1936 -0.76% -
1935 0% -
1934 0.06% -
1933 2.06% -
1932 -2.13% -
1931 -0.94% -
1930 -1.15% -
1929 -0.38% -
1928 0.72% -
1927 0.37% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1927–1992, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/honduras/indonesia | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 58 years, Honduras recorded a fiscal deficit in 49 of those years, while Indonesia ran a deficit in 50 years. On average, Honduras posted an annual deficit equal to 2.16% of GDP, compared to deficit of 1.39% of GDP for Indonesia.

Inflation comparison by year

Inflation
Honduras

Indonesia
1x
Year Consumer prices inflation
Honduras Indonesia
2024 4.61% 2.18%
2023 6.66% 3.67%
2022 9.09% 4.21%
2021 4.48% 1.56%
2020 3.47% 1.92%
2019 4.37% 3.03%
2018 4.35% 3.2%
2017 3.93% 3.81%
2016 2.72% 3.53%
2015 3.16% 6.36%
2014 6.13% 6.39%
2013 5.16% 6.41%
2012 5.2% 4.28%
2011 6.76% 5.36%
2010 4.7% 5.13%
2009 5.5% 4.39%
2008 11.4% 10.2%
2007 6.94% 6.41%
2006 5.58% 13.1%
2005 8.81% 10.5%
2004 8.11% 6.06%
2003 7.67% 6.76%
2002 7.69% 11.9%
2001 9.67% 11.5%
2000 11% 3.69%
1999 11.7% 20.5%
1998 13.7% 58.5%
1997 20.2% 6.23%

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

GeoRank.org/economy/honduras/indonesia | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 8.24% in Indonesia. In 2024, inflation was 4.61% in Honduras and 2.18% in Indonesia.

Top exports between countries

Honduras
Export category Export value
Chemicals & pharma $361K
Raw agricultural goods $138K
Processed food, beverages & tobacco $102K
Animal & marine products $90K
Machinery & equipment $2K
Indonesia
Export category Export value
Processed food, beverages & tobacco $44M
Machinery & equipment $17.8M
Metals $10.7M
Textiles & consumer goods $5.53M
Wood & paper products $3.1M
Raw materials & minerals $1.91M
Chemicals & pharma $1.79M
Raw agricultural goods $79K
Precious metals & jewellery $63K
Animal & marine products $1K

Balance of trade

Honduras Indonesia
Current account balance
-$1.65B
2024
-$8.72B
2024
Current account balance ranking
137/190
2024
174/190
2024
Current account balance, % of GDP
-4.45%
2024
-0.62%
2024
Goods imports
$14.6B
2024
$223B
2024
Goods exports
$5.67B
2024
$263B
2024
Service imports
$3.67B
2024
$57.6B
2024
Service exports
$3.75B
2024
$39B
2024
Imports of goods and services, % of GDP
57.6%
2024
20.4%
2024
Exports of goods and services, % of GDP
33.5%
2024
22.2%
2024

Economic freedom indices

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

Honduras Indonesia
Economic freedom 59.1 65.1
Economic freedom ranking 105/197 67/197
Property rights 35.7 39.7
Government integrity 24.6 42
Judicial effectiveness 27.6 43.1
Tax burden 83.1 81.5
Government spending 80.3 91.4
Fiscal health 95.2 89.8
Business freedom 59.4 69.2
Labor freedom 37.9 56.8
Monetary freedom 70.1 79.4
Trade freedom 69.8 78.6
Investment freedom 65 50
Financial freedom 60 60

Economic freedom comparison by year

Honduras
Indonesia
1x
Year Economic freedom index
Honduras Indonesia
2026 59.1 65.1
2025 59.6 65.2
2024 58.6 63.5
2023 58.7 63.5
2022 59.5 64.4
2021 59.8 66.9
2020 61.1 67.2
2019 60.2 65.8
2018 60.6 64.2
2017 58.8 61.9
2016 57.7 59.4
2015 57.4 58.1
2014 57.1 58.5
2013 58.4 56.9
2012 58.8 56.4
2011 58.6 56
2010 58.3 55.5
2009 58.7 53.4
2008 58.9 53.2
2007 59.1 53.2
2006 57.4 51.9
2005 55.3 52.9
2004 55.3 52.1
2003 60.4 55.8
2002 58.7 54.8
2001 57 52.5
2000 57.6 55.2
1999 56.7 61.5
1998 56.2 63.4
1997 56 62
1996 56.6 61
1995 57 54.9

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

GeoRank.org/economy/honduras/indonesia | CC BY

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Indonesia
Services, % of GDP
58.4%
2024
43.8%
2024
Industry, % of GDP
26.1%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
12.6%
2024
GNI, Atlas method
$32.7B
2024
$1.39T
2024
GNI per capita, PPP
$6,900
2024
$16,010
2024
Total reserves including gold
$8.04B
2024
$156B
2024
Total reserves ranking
84/177
2024
20/177
2024
Net foreign direct investment
-$620M
2024
-$15.9B
2024
Net inflows of foreign direct investment
$1.31B
2024
$24.2B
2024
Net outflows of foreign direct investment
$689M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
5.65%
2024
Poverty at national poverty lines
62.9%
2024
9%
2024
Gross capital formation, % of GDP
22.5%
2024
31.4%
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/honduras/indonesia | CC BY

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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 (1927–1999, 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)

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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.