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Economy of Honduras vs Switzerland compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $937B for Switzerland, ranking 104/197 and 20/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $351B (37.5% of GDP) in Switzerland.

Honduras vs Switzerland GDP by year

Honduras
Switzerland
1x
Year GDP, current $
Honduras Switzerland
2024 $37,093,565,854 $936,564,198,049
2023 $34,355,805,528 $894,424,821,645
2022 $31,426,041,807 $828,508,926,958
2021 $28,144,331,507 $815,309,330,987
2020 $23,352,232,484 $741,999,406,006
2019 $24,882,225,742 $721,369,112,727
2018 $24,067,750,760 $725,568,717,468
2017 $23,136,247,991 $695,200,833,086
2016 $21,717,604,952 $687,895,460,903
2015 $20,979,791,685 $694,118,186,380
2014 $19,756,533,972 $726,537,808,338
2013 $18,499,729,215 $706,234,937,371
2012 $18,528,554,398 $686,420,221,558
2011 $17,710,275,685 $715,888,126,682
2010 $15,839,344,592 $598,851,028,907
2009 $14,587,496,229 $554,212,916,092
2008 $13,881,731,876 $567,267,767,519
2007 $12,361,257,681 $490,740,715,595
2006 $10,917,477,066 $441,634,672,197
2005 $9,757,012,697 $418,284,865,885
2004 $8,869,299,234 $403,912,891,033
2003 $8,230,391,347 $362,075,086,508
2002 $7,858,255,413 $309,301,422,430
2001 $7,651,162,302 $286,582,672,434
2000 $7,186,638,029 $279,216,033,870
1999 $6,394,090,592 $297,873,643,323
1998 $6,163,707,533 $303,459,014,347
1997 $5,569,178,707 $294,788,198,856
1996 $4,798,834,459 $340,103,959,547
1995 $4,672,346,194 $352,835,806,342
1994 $4,105,686,899 $301,375,055,202
1993 $4,190,773,622 $272,237,527,071
1992 $4,122,846,905 $279,921,425,828
1991 $3,699,381,195 $268,901,693,863
1990 $3,734,460,117 $265,763,573,999
1989 $4,375,896,552 $208,105,846,934
1988 $4,892,660,944 $215,540,625,299
1987 $5,024,800,000 $199,236,370,038
1986 $4,706,100,000 $159,089,921,063
1985 $4,328,300,000 $110,980,314,192
1984 $4,029,900,000 $109,455,312,168
1983 $3,840,550,000 $114,634,358,535
1982 $3,619,500,000 $115,043,365,512
1981 $3,501,800,000 $112,244,805,519
1980 $3,184,400,000 $122,557,843,886
1979 $2,778,900,000 $114,970,094,425
1978 $2,393,650,000 $102,280,472,036
1977 $1,900,700,000 $73,135,771,167
1976 $1,589,300,000 $68,476,524,644
1975 $1,330,050,000 $65,466,081,819
1974 $1,243,000,000 $57,103,011,446
1973 $1,128,299,436 $49,550,006,320
1972 $1,030,645,362 $36,844,318,854
1971 $958,450,000 $30,040,171,751
1970 $904,400,000 $24,998,066,773
1969 $844,400,000 $22,442,043,274
1968 $815,450,000 $20,712,102,794
1967 $750,950,000 $19,397,044,714
1966 $692,150,000 $18,019,402,374
1965 $651,050,000 $16,780,226,225
1964 $591,100,000 $15,833,133,858
1963 $553,500,000 $14,283,872,299
1962 $532,450,000 $12,989,649,694
1961 $503,300,000 $11,713,348,834
1960 $475,650,000 $10,412,232,621

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

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

GDP per capita in Honduras vs Switzerland by year

Honduras
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $103,998 $96,498
2023 $3,227 $7,178 $100,624 $95,142
2022 $3,003 $6,805 $94,395 $94,421
2021 $2,735 $6,203 $93,665 $81,001
2020 $2,308 $5,385 $85,898 $72,998
2019 $2,502 $5,785 $84,122 $73,732
2018 $2,465 $5,633 $85,217 $70,689
2017 $2,413 $5,621 $82,254 $68,194
2016 $2,307 $5,186 $82,153 $67,351
2015 $2,271 $4,846 $83,806 $65,265
2014 $2,180 $4,460 $88,725 $63,417
2013 $2,081 $4,137 $87,304 $61,656
2012 $2,126 $4,016 $85,836 $59,441
2011 $2,074 $3,901 $90,477 $57,494
2010 $1,893 $3,758 $76,531 $54,426
2009 $1,781 $3,656 $71,568 $52,999
2008 $1,732 $3,806 $74,175 $53,809
2007 $1,578 $3,664 $64,989 $50,928
2006 $1,426 $3,438 $59,011 $46,266
2005 $1,305 $3,204 $56,243 $41,525
2004 $1,215 $3,001 $54,659 $40,171
2003 $1,156 $2,821 $49,336 $38,732
2002 $1,132 $2,715 $42,459 $38,705
2001 $1,132 $2,645 $39,639 $37,819
2000 $1,093 $2,587 $38,865 $36,703
1999 $999 $2,372 $41,696 $34,743
1998 $989 $2,152 $42,681 $33,860
1997 $917 $1,959 $41,584 $32,736
1996 $813 $1,617 $48,093 $31,509
1995 $814 $1,329 $50,114 $30,842
1994 $736 $1,074 $43,092 $30,265
1993 $773 $838 $39,237 $29,495
1992 $782 $741 $40,714 $29,113
1991 $722 $684 $39,544 $28,792
1990 $750 $540 $39,575 $28,461
1989 $904 - $31,309 -
1988 $1,039 - $32,690 -
1987 $1,098 - $30,441 -
1986 $1,058 - $24,460 -
1985 $1,001 - $17,152 -
1984 $960 - $16,991 -
1983 $942 - $17,859 -
1982 $914 - $18,000 -
1981 $912 - $17,665 -
1980 $854 - $19,394 -
1979 $769 - $18,266 -
1978 $683 - $16,282 -
1977 $559 - $11,644 -
1976 $482 - $10,865 -
1975 $417 - $10,328 -
1974 $401 - $9,005 -
1973 $375 - $7,856 -
1972 $353 - $5,885 -
1971 $338 - $4,835 -
1970 $329 - $4,044 -
1969 $316 - $3,657 -
1968 $314 - $3,413 -
1967 $298.2 - $3,237 -
1966 $282.9 - $3,045 -
1965 $273.9 - $2,865 -
1964 $255.9 - $2,735 -
1963 $246.6 - $2,508 -
1962 $244 - $2,330 -
1961 $237.3 - $2,155 -
1960 $230.7 - $1,954 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $103,998 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Switzerland ranks 8th at $96,498.

Economic indicators

Honduras Switzerland
Gross domestic product
$37.1B
2024
$937B
2024
GDP rank
104/197
2024
20/197
2024
GDP growth
3.55%
2023-2024
1.3%
2023-2024
GDP per capita
$3,426
2024
$103,998
2024
GDP per capita rank
136/197
2024
5/197
2024
GDP per capita, PPP
$7,486
2024
$96,498
2024
GDP per capita PPP rank
146/197
2024
8/197
2024
Government debt
$17.5B
2024
$351B
2024
Debt-to-GDP ratio
47.1%
2024
37.5%
2024
Government debt per person
$1,613
2024
$39,021
2024
Government debt per person rank
126/185
2024
15/185
2024
Average annual personal income after taxes
$4,901
2026
$85,867
2026
Market capitalization of domestic companies n/a
$1.97T
2024
Number of millionaires n/a
1,119,000
2025
Number of billionaires n/a
42
2025
Income share by richest 10%
32.3%
2024
26.6%
2022
Income share by poorest 10%
1.2%
2024
2.9%
2022
Government expenditure, % of GDP
25.7%
2024
31.9%
2024
Consumer prices inflation
4.61%
2023-2024
1.06%
2023-2024
Central bank interest rate
5.75%
2024
0%
2025
Unemployment rate
4.91%
2024
4.34%
2024
Population
11237619
9107866

Spending and national debt comparison by year

Honduras
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Honduras Switzerland
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 31.9% 37.5%
2023 27.2% 47.9% 32.1% 38.7%
2022 24% 51% 31.6% 37.2%
2021 28.8% 50.3% 34.4% 41%
2020 28.4% 52.5% 37% 43.2%
2019 25.9% 44.1% 32% 39.6%
2018 26.2% 43.5% 31.7% 39.8%
2017 26.9% 43.6% 32.4% 41.8%
2016 27.4% 40.3% 32.4% 40.9%
2015 26% 42.3% 32.5% 42.2%
2014 26.4% 43% 32.2% 42.1%
2013 28% 42.1% 32.5% 41.9%
2012 26.4% 32.4% 31.7% 42.6%
2011 25.9% 31.5% 31.4% 41.9%
2010 26.5% 28.9% 31.4% 41.5%
2009 28.4% 23.8% 31.8% 43.1%
2008 26.4% 22.3% 30% 44.8%
2007 24.4% 24% 29.4% 44.8%
2006 24.4% 39.2% 30.5% 48.5%
2005 23.6% 55.6% 32.4% 54.9%
2004 25.5% 60.9% 33.1% 57.8%
2003 26.4% 67.8% 33.2% 56.9%
2002 26.8% 64.2% 34.1% 57.7%
2001 25.1% 63.4% 31.6% 51.1%
2000 22.1% 65.8% 32.2% 52.2%
1999 23.3% 75.8% 33.2% 52.7%
1998 19.4% 67.4% 32.7% 55.9%
1997 19.4% 70.8% 32.9% 53.7%
1996 18.7% 64.6% 33% 51.3%
1995 17.2% 65.4% 32.4% 50%
1994 19.2% 86.4% 32.5% 47.1%
1993 23.7% 108% 32.5% 44.4%
1992 20.5% 116.5% 31.3% 39.5%
1991 18.8% 122.2% 29.5% 35.1%
1990 16.4% 200.3% 27.6% 33.3%
1989 10.2% 68.4% 30% 32.5%
1988 16% 71.7% 30.3% 35%
1987 17.2% 73.6% 29.8% 36.5%
1986 19.8% 69.9% 29.8% 37.6%
1985 22.5% 65.7% 30.1% 39.1%
1984 22.4% 60.5% 30.4% 39.8%
1983 20.8% 57.6% 31.2% 40.2%
1982 18.7% 54.3% 30.5% 40%
1981 15.3% 48.1% 29.4% 40.8%
1980 16.2% 41% 29.9% 43.9%
1979 14.4% 36.1% 30.5% 44.6%
1978 13.1% 32.8% 30.4% 46.6%
1977 14.6% 28.2% 31% 46.9%
1976 11.5% 26.5% 31.6% 46.7%
1975 11.9% 24% 29.3% 42.3%
1974 11.7% 18.5% 27.5% 38.4%
1973 11.1% 16.6% 26.5% 37%
1972 12.6% 16.8% 25.7% 38%
1971 15.2% 19.8% 25.4% 38.7%
1970 15.2% 17.2% 25.8% 38.9%
1969 13.6% 13% 9.45% 7.08%
1968 11.6% 9.75% 8.87% 6.99%
1967 11.4% 9.72% 8.68% 7.26%
1966 11.4% 9.47% 8.95% 7.62%
1965 10.6% 8.97% 8.33% 8.28%
1964 11.4% 9.78% 8.85% 9.43%
1963 10.1% 9.02% 8.2% 10.8%
1962 10.5% 8.54% 8.1% 12%
1961 11.2% 8.22% 7.97% 14%
1960 12.2% 8.97% 7.11% 16.2%

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/honduras/switzerland | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Switzerland spent $299B, or 31.9% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 37.5% in Switzerland, ranking 115/185 and 141/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Switzerland
1x
Year Deficit/surplus, % of GDP
Honduras Switzerland
2024 -1.12% 0.58%
2023 -1.96% 0.12%
2022 1.57% 1.19%
2021 -3.17% -0.29%
2020 -4.58% -3.01%
2019 0.09% 1.34%
2018 0.2% 1.29%
2017 -0.41% 1.13%
2016 -0.4% 0.24%
2015 -0.78% 0.55%
2014 -2.81% -0.25%
2013 -5.48% -0.43%
2012 -3.48% 0.24%
2011 -2.94% 0.68%
2010 -3.37% 0.35%
2009 -4.86% 0.5%
2008 -0.27% 1.93%
2007 -0.25% 1.57%
2006 -1.36% 0.85%
2005 -0.03% -0.65%
2004 -2.48% -1.39%
2003 -5.09% -1.36%
2002 -5.02% -1.75%
2001 -3.12% 0.21%
2000 1.51% 0.28%
1999 1.38% -1.57%
1998 2.89% -1.31%
1997 0.08% -2.33%
1996 0.13% -2.01%
1995 -0.24% -1.86%
1994 -0.98% -2.59%
1993 -5.03% -3.15%
1992 -1.41% -2.96%
1991 -1.95% -1.85%
1990 -1.82% -0.05%
1989 2.08% 0.2%
1988 -2.65% 0.42%
1987 -3.23% 0.78%
1986 -5.92% 0.93%
1985 -8.58% -0.25%
1984 -9.33% -0.52%
1983 -9.1% -1.23%
1982 -6.17% -1.21%
1981 -2.5% -0.54%
1980 -2.52% -1.34%
1979 -1.55% -1.79%
1978 -0.68% -1.12%
1977 -2.55% -1.64%
1976 -0.93% -1.89%
1975 -1.78% -0.93%
1974 -0.27% -1.01%
1973 -0.71% -0.93%
1972 -2.37% -1.39%
1971 -3.51% -1.41%
1970 -3.24% -1.44%
1969 -2.16% -0.98%
1968 -0.38% -0.73%
1967 -0.73% -1.07%
1966 -0.45% -0.87%
1965 0.19% 0.05%
1964 -1.77% 0.77%
1963 -0.39% 0.25%
1962 -0.71% 0.95%
1961 -1.05% 0.34%
1960 -1.22% 1.95%
1959 -1.31% 0.72%
1958 -1.16% 0.59%
1957 -1.01% 0.66%
1956 -1.81% 2.24%
1955 -0.42% 1.1%
1954 -2.91% 1.44%
1953 -2.96% 0.38%
1952 -3.21% -1.17%
1951 -1.04% -0.36%
1950 -0.44% 1.49%
1949 -1.92% 0.04%
1948 0.52% 1.37%
1947 -0.83% 1.27%
1946 0.32% 0.52%
1945 0% -7.57%
1944 -0.82% -9.37%
1943 -0.48% -8.55%
1942 0% -7.28%
1941 -0.26% -8.78%
1940 -0.43% -10%
1939 -0.52% -5.05%
1938 -0.74% -1.53%
1937 -1.37% -0.17%
1936 -0.76% -0.33%
1935 0% -0.23%
1934 0.06% -0.33%
1933 2.06% -0.88%
1932 -2.13% -0.3%
1931 -0.94% 0.03%
1930 -1.15% 0.07%
1929 -0.38% 0.22%
1928 0.72% -
1927 0.37% -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Switzerland's surplus of $5.4B, or 0.58% of GDP.

Over the past 65 years, Honduras recorded a fiscal deficit in 55 of those years, while Switzerland ran a deficit in 38 years. On average, Honduras posted an annual deficit equal to 2.01% of GDP, compared to deficit of 0.48% of GDP for Switzerland.

Inflation comparison by year

Inflation
Honduras

Switzerland
1x
Year Consumer prices inflation
Honduras Switzerland
2024 4.61% 1.06%
2023 6.66% 2.14%
2022 9.09% 2.84%
2021 4.48% 0.58%
2020 3.47% -0.73%
2019 4.37% 0.36%
2018 4.35% 0.94%
2017 3.93% 0.53%
2016 2.72% -0.43%
2015 3.16% -1.14%
2014 6.13% -0.01%
2013 5.16% -0.22%
2012 5.2% -0.69%
2011 6.76% 0.23%
2010 4.7% 0.69%
2009 5.5% -0.48%
2008 11.4% 2.43%
2007 6.94% 0.73%
2006 5.58% 1.06%
2005 8.81% 1.17%
2004 8.11% 0.8%
2003 7.67% 0.64%
2002 7.69% 0.64%
2001 9.67% 0.99%
2000 11% 1.56%
1999 11.7% 0.81%
1998 13.7% 0.02%
1997 20.2% 0.52%

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

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 0.61% in Switzerland. In 2024, inflation was 4.61% in Honduras and 1.06% in Switzerland.

Top exports between countries

Honduras
Export category Export value
Processed food, beverages & tobacco $13.3M
Raw agricultural goods $2.44M
Animal & marine products $377K
Chemicals & pharma $227K
Textiles & consumer goods $5K
Switzerland
Export category Export value
Chemicals & pharma $15.9M
Machinery & equipment $8.41M
Processed food, beverages & tobacco $1.55M
Textiles & consumer goods $1.21M
Metals $146K
Wood & paper products $110K
Precious metals & jewellery $69K
Raw materials & minerals $66K
Animal & marine products $43K
Miscellaneous $2K

Balance of trade

Honduras Switzerland
Current account balance
-$1.65B
2024
$72B
2024
Current account balance ranking
137/190
2024
10/190
2024
Current account balance, % of GDP
-4.45%
2024
+7.69%
2024
Goods imports
$14.6B
2024
$371B
2024
Goods exports
$5.67B
2024
$502B
2024
Service imports
$3.67B
2024
$203B
2024
Service exports
$3.75B
2024
$186B
2024
Imports of goods and services, % of GDP
57.6%
2024
61.9%
2024
Exports of goods and services, % of GDP
33.5%
2024
72.2%
2024

Economic freedom indices

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

Honduras Switzerland
Economic freedom 59.1 83.7
Economic freedom ranking 105/197 2/197
Property rights 35.7 94.4
Government integrity 24.6 93.3
Judicial effectiveness 27.6 98.3
Tax burden 83.1 70.9
Government spending 80.3 69.5
Fiscal health 95.2 97.2
Business freedom 59.4 86.3
Labor freedom 37.9 60
Monetary freedom 70.1 82.3
Trade freedom 69.8 87
Investment freedom 65 85
Financial freedom 60 80

Economic freedom comparison by year

Honduras
Switzerland
1x
Year Economic freedom index
Honduras Switzerland
2026 59.1 83.7
2025 59.6 83.7
2024 58.6 83
2023 58.7 83.8
2022 59.5 84.2
2021 59.8 81.9
2020 61.1 82
2019 60.2 81.9
2018 60.6 81.7
2017 58.8 81.5
2016 57.7 81
2015 57.4 80.5
2014 57.1 81.6
2013 58.4 81
2012 58.8 81.1
2011 58.6 81.9
2010 58.3 81.1
2009 58.7 79.4
2008 58.9 79.5
2007 59.1 78
2006 57.4 78.9
2005 55.3 79.3
2004 55.3 79.5
2003 60.4 79
2002 58.7 79.3
2001 57 76
2000 57.6 76.8
1999 56.7 79.1
1998 56.2 79
1997 56 78.6
1996 56.6 76.8
1995 57 -

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Switzerland
Services, % of GDP
58.4%
2024
72%
2024
Industry, % of GDP
26.1%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
0.63%
2024
GNI, Atlas method
$32.7B
2024
$857B
2024
GNI per capita, PPP
$6,900
2024
$93,420
2024
Total reserves including gold
$8.04B
2024
$909B
2024
Total reserves ranking
84/177
2024
4/177
2024
Net foreign direct investment
-$620M
2024
$59.7B
2024
Net inflows of foreign direct investment
$1.31B
2024
-$108B
2024
Net outflows of foreign direct investment
$689M
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
62.9%
2024
15.8%
2021
Gross capital formation, % of GDP
22.5%
2024
27%
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).

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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 (1899–1989, 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 (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.