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Economy of India vs Mauritania compared: GDP & Debt

Updated on by Georank

India has a GDP of $3.96T compared to $11.7B for Mauritania, ranking 6/197 and 153/197 by economy size, respectively.

India has $3.33T in government debt (84.1% of GDP), compared to $4.68B (40.1% of GDP) in Mauritania.

India vs Mauritania GDP by year

India
Mauritania
1x
Year GDP, current $
India Mauritania
2025 $3,956,067,115,772 $11,679,910,946
2024 $3,760,813,470,501 $10,879,212,033
2023 $3,500,906,030,645 $10,687,541,640
2022 $3,249,938,492,013 $9,562,497,461
2021 $3,167,270,623,260 $9,221,044,667
2020 $2,674,851,578,587 $8,260,567,357
2019 $2,835,606,256,558 $7,894,764,886
2018 $2,702,929,641,649 $7,475,471,310
2017 $2,651,474,262,755 $6,812,472,965
2016 $2,294,796,885,663 $6,407,900,701
2015 $2,103,588,360,045 $6,182,303,677
2014 $2,039,126,479,155 $6,615,483,550
2013 $1,856,721,507,622 $7,230,646,063
2012 $1,827,637,590,410 $6,728,208,836
2011 $1,823,051,829,895 $6,764,627,746
2010 $1,675,615,519,485 $5,628,878,798
2009 $1,341,888,016,995 $4,714,595,548
2008 $1,198,895,139,006 $5,206,437,194
2007 $1,216,736,438,835 $4,346,212,355
2006 $940,259,888,788 $3,919,577,286
2005 $820,383,763,511 $2,936,019,526
2004 $709,152,728,831 $2,362,501,023
2003 $607,700,687,237 $2,051,147,607
2002 $514,939,140,319 $1,777,057,481
2001 $485,440,139,204 $1,746,063,558
2000 $468,395,521,654 $1,779,520,886
1999 $458,821,052,616 $1,985,922,776
1998 $421,351,317,225 $2,032,347,665
1997 $415,867,563,593 $2,071,996,564
1996 $392,896,866,205 $2,132,087,009
1995 $360,281,909,643 $2,091,726,101
1994 $327,274,843,459 $1,944,876,755
1993 $279,295,648,983 $1,847,353,211
1992 $288,208,070,278 $2,164,298,425
1991 $270,105,341,879 $2,133,692,697
1990 $320,979,026,420 $1,506,914,408
1989 $296,042,052,945 $1,450,647,019
1988 $296,589,670,896 $1,414,951,290
1987 $279,033,584,092 $1,344,664,725
1986 $248,985,994,041 $1,186,628,778
1985 $232,511,554,840 $1,009,723,326
1984 $212,157,645,178 $1,074,373,230
1983 $218,262,146,413 $1,165,171,263
1982 $200,715,624,831 $1,108,776,653
1981 $193,491,368,446 $1,105,494,682
1980 $186,328,579,302 $1,047,925,106
1979 $152,995,442,498 $951,900,945
1978 $137,302,319,829 $804,629,877
1977 $121,486,641,441 $799,030,017
1976 $102,716,451,980 $775,045,517
1975 $98,473,832,017 $703,377,837
1974 $99,526,597,934 $613,010,553
1973 $85,517,673,173 $493,237,876
1972 $71,464,700,667 $391,669,449
1971 $67,351,404,352 $335,568,907
1970 $62,422,483,055 $309,405,316
1969 $58,447,995,017 $295,062,308
1968 $53,085,455,871 $311,395,937
1967 $50,134,942,204 $282,615,310
1966 $45,581,230,504 $266,533,605
1965 $59,556,105,229 $255,340,475
1964 $56,480,289,941 $224,495,744
1963 $48,421,923,459 $168,186,297
1962 $42,161,481,858 $164,271,558
1961 $39,232,435,784 $159,213,430
1960 $37,029,883,876 -

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

GeoRank.org/economy/india/mauritania | CC BY

GDP per capita in India vs Mauritania by year

India
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
India Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,702 - $2,198 -
2024 $2,592 $11,160 $2,105 $7,369
2023 $2,434 $10,323 $2,128 $6,966
2022 $2,280 $9,207 $1,961 $6,485
2021 $2,240 $8,050 $1,947 $5,837
2020 $1,907 $6,966 $1,796 $5,741
2019 $2,041 $7,151 $1,767 $5,610
2018 $1,966 $6,715 $1,723 $5,429
2017 $1,950 $6,145 $1,618 $5,353
2016 $1,708 $5,800 $1,568 $4,683
2015 $1,584 $5,425 $1,559 $3,978
2014 $1,554 $5,192 $1,719 $3,865
2013 $1,433 $5,014 $1,936 $3,831
2012 $1,429 $4,820 $1,859 $3,465
2011 $1,445 $4,455 $1,931 $3,271
2010 $1,348 $4,206 $1,660 $3,178
2009 $1,095 $3,887 $1,435 $3,159
2008 $993 $3,633 $1,636 $3,236
2007 $1,022 $3,508 $1,405 $3,278
2006 $802 $3,221 $1,301 $3,342
2005 $710 $2,937 $999 $2,809
2004 $624 $2,682 $824 $2,570
2003 $544 $2,461 $732 $2,447
2002 $469 $2,277 $649 $2,296
2001 $450 $2,200 $652 $2,280
2000 $443 $2,091 $681 $2,304
1999 $442 $2,006 $781 $2,411
1998 $414 $1,852 $821 $2,355
1997 $416 $1,759 $859 $2,325
1996 $401 $1,695 $904 $2,436
1995 $375 $1,579 $905 $2,306
1994 $348 $1,467 $865 $2,114
1993 $303 $1,374 $850 $2,209
1992 $319 $1,309 $1,036 $2,122
1991 $306 $1,239 $1,062 $2,116
1990 $371 $1,212 $772 $2,070
1989 $350 - $762 -
1988 $358 - $762 -
1987 $345 - $746 -
1986 $315 - $677 -
1985 $301 - $593 -
1984 $281 - $650 -
1983 $296 - $725 -
1982 $278.7 - $710 -
1981 $275 - $729 -
1980 $271.1 - $711 -
1979 $228 - $664 -
1978 $209.4 - $578 -
1977 $189.6 - $590 -
1976 $164.1 - $589 -
1975 $161.1 - $551 -
1974 $166.7 - $494 -
1973 $146.6 - $410 -
1972 $125.3 - $335 -
1971 $120.7 - $296 -
1970 $114.4 - $281.3 -
1969 $109.5 - $276.6 -
1968 $101.6 - $301 -
1967 $98 - $281.5 -
1966 $91 - $273.6 -
1965 $121.5 - $270 -
1964 $117.9 - $244.3 -
1963 $103.4 - $188.2 -
1962 $92.2 - $189 -
1961 $87.9 - $188.2 -
1960 $84.9 - - -

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

GeoRank.org/economy/india/mauritania | CC BY

India's GDP per capita is $2,702, ranking 149/197, compared to $2,198 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), India ranks 130th at $11,160, while Mauritania ranks 147th at $7,369.

Economic indicators

India Mauritania
Gross domestic product
$3.96T
2025
$11.7B
2025
GDP rank
6/197
2025
153/197
2025
GDP growth
7.57%
2024-2025
4.03%
2024-2025
GDP per capita
$2,702
2025
$2,198
2025
GDP per capita rank
149/197
2025
156/197
2025
GDP per capita, PPP
$11,160
2024
$7,369
2024
GDP per capita PPP rank
130/197
2024
147/197
2024
Government debt
$3.33T
2025
$4.68B
2025
Debt-to-GDP ratio
84.1%
2025
40.1%
2025
Government debt per person
$2,272
2025
$881
2025
Government debt per person rank
116/185
2025
147/185
2025
Average annual personal income after taxes
$2,974
2026
$2,242
2026
Market capitalization of domestic companies
$10.6T
2025
n/a
Number of millionaires
944,000
2026
n/a
Number of billionaires
229
2026
n/a
Income share by richest 10%
22.1%
2022
24.6%
2019
Income share by poorest 10%
4.5%
2022
3.1%
2019
Government expenditure, % of GDP
28.5%
2025
23.4%
2025
Consumer prices inflation
2.4%
2024-2025
1.55%
2024-2025
Central bank interest rate
5.25%
2025
n/a
Unemployment rate
4.51%
2025
10.4%
2019
Population
1483314140
5539189

Spending and national debt comparison by year

India
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
India Mauritania
Government spending Government debt Government spending Government debt
2025 28.5% 84.1% 23.4% 40.1%
2024 29.3% 84.8% 23.6% 45.1%
2023 29.7% 85% 24.8% 48.6%
2022 30% 84.6% 28.7% 50.3%
2021 30.7% 85.7% 20.8% 54.5%
2020 31.8% 90.6% 18.5% 56.5%
2019 27.4% 76.7% 17.8% 57.7%
2018 26.8% 71.7% 19% 59.2%
2017 26.6% 70.8% 20.3% 55.7%
2016 27.6% 69.8% 20.8% 57.6%
2015 27.3% 69.8% 25.7% 59.9%
2014 26.2% 67.6% 23.9% 49.5%
2013 26.5% 68% 20.1% 40.7%
2012 27.2% 68.1% 21.5% 39.3%
2011 27.3% 68.7% 17% 38.8%
2010 27.7% 67.7% 17.3% 43.9%
2009 28.1% 72.7% 19.6% 54.3%
2008 28.3% 74.3% 19.8% 57.2%
2007 26.1% 75.4% 19.7% 61.5%
2006 25.6% 77.9% 19% 38%
2005 26% 82.4% 21.3% 71.1%
2004 28.4% 84.9% 23.9% 22%
2003 29.9% 85.9% - 22.9%
2002 29.1% 84.3% - 59.5%
2001 28.3% 80.1% - 63.5%
2000 26.1% 74.9% - 55.5%
1999 25.8% 71.3% - -
1998 26% 69.3% - -
1997 25.2% 69% - -
1996 24.4% 67.1% - -
1995 25% 70.9% - -
1994 26.2% 74.8% - -
1993 26.2% 78.3% - -
1992 26.7% 78.8% - -
1991 26.8% 76.7% - -
1990 25.4% 50.8% - -
1989 25.7% 50.5% - -
1988 24.9% 48.9% - -
1987 22.5% 48.9% - -
1986 23.2% 47.9% - -
1985 21.6% 44.3% - -
1984 19.8% 41.6% - -
1983 17.8% 39.6% - -
1982 17.8% 41.7% - -
1981 16.6% 37.2% - -
1980 17.5% 38% - -
1979 15.6% 32.2% - -
1978 15% 30.8% - -
1977 13.9% 29.9% - -
1976 14.4% 31.3% - -
1975 12.7% 29.5% - -
1974 11.3% 29% - -
1973 12.9% 34.1% - -
1972 13.5% 37.2% - -
1971 12.4% 37.6% - -
1970 11.7% 38.1% - -
1969 11.5% 38.8% - -
1968 12.6% 40.3% - -
1967 13.8% 38.5% - -
1966 13.8% 36.2% - -
1965 13.7% 36.8% - -
1964 13.2% 33.8% - -
1963 12.3% 35.5% - -
1962 11.5% 36.2% - -
1961 11.8% 38.7% - -
1960 11.2% 36.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

GeoRank.org/economy/india/mauritania | CC BY

In 2025, India's government spending was $1.13T, accounting for 28.5% of its GDP, while Mauritania spent $2.73B, or 23.4% of GDP.

Debt-to-GDP ratio is 84.1% in India and 40.1% in Mauritania, ranking 38/185 and 134/185, respectively.

Government deficit by year

Deficit/surplus
India

Mauritania
1x
Year Deficit/surplus, % of GDP
India Mauritania
2025 -7.44% -0.3%
2024 -7.85% -1.35%
2023 -8.37% -2.45%
2022 -9.23% -3.09%
2021 -9.7% 2.6%
2020 -13.2% 2.78%
2019 -7.86% 2.65%
2018 -6.46% 3.23%
2017 -6.33% 0.53%
2016 -7.21% 0.13%
2015 -7.28% -2.44%
2014 -6.9% -2.64%
2013 -6.78% -0.66%
2012 -7.32% 1.67%
2011 -8.03% 0.07%
2010 -8.53% -0.45%
2009 -9.26% -3.59%
2008 -8.15% -3.32%
2007 -3.73% -1.38%
2006 -5.11% 2.05%
2005 -6.64% -3.16%
2004 -9.22% -3.06%
2003 -11.4% -
2002 -11.1% -
2001 -11% -
2000 -8.41% -
1999 -8.7% -
1998 -9.74% -
1997 -8.28% -
1996 -6.71% -
1995 -6.81% -
1994 -8% -
1993 -8.57% -
1992 -7.89% -
1991 -7.44% -
1990 -7.63% -
1989 -7.68% -
1988 -7.01% -
1987 -9.53% -
1986 -10.6% -
1985 -9.58% -
1984 -8.54% -
1983 -7.28% -
1982 -6.78% -
1981 -6.07% -
1980 -7.27% -
1979 -4.87% -
1978 -4.45% -
1977 -4.1% -
1976 -4.1% -
1975 -3.11% -
1974 -2.3% -
1973 -3.53% -
1972 -3.14% -
1971 -2.9% -
1970 -2.35% -
1969 -2.66% -
1968 -3.98% -
1967 -4.97% -
1966 -4.18% -
1965 -4.49% -
1964 -4.41% -
1963 -4.16% -
1962 -3.3% -
1961 -4.1% -
1960 -4.05% -
1959 -5.29% -
1958 -5.08% -
1957 -3.35% -
1956 -2.93% -
1955 -2.77% -
1954 -2.61% -
1953 -1.83% -
1952 0.03% -
1951 -0.5% -
1950 -1.01% -
1949 -0.73% -
1948 -0.82% -
1947 -0.86% -
1946 -2.89% -
1945 -4.4% -
1944 -3.32% -
1943 -3.48% -
1942 -3.62% -
1941 -0.37% -
1940 -0.59% -
1939 -0.32% -
1938 -0.16% -
1937 -0.1% -
1936 -0.45% -
1935 -0.4% -
1934 -0.09% -
1933 0% -
1932 0.03% -
1931 -0.68% -
1930 -1.02% -
1929 -0.91% -
1928 -0.87% -
1927 -0.98% -
1926 -0.88% -
1925 -0.67% -
1924 -0.3% -
1923 -0.66% -
1922 -1.05% -
1921 -1.45% -
1920 -1.57% -
1919 -1.04% -
1918 -0.48% -
1917 -5.69% -
1916 0.25% -
1915 -0.51% -
1914 -0.98% -
1913 -0.85% -
1912 -0.58% -
1911 -0.42% -
1910 -0.85% -
1909 -0.7% -
1908 -1.25% -
1907 -1.22% -
1906 -0.8% -
1905 -2% -
1904 -0.53% -
1903 -0.56% -
1902 -0.56% -
1901 -0.27% -
1900 -1.06% -
1899 -0.56% -
1898 -0.49% -
1897 -1.02% -
1896 -1% -
1895 -0.41% -
1894 -0.5% -
1893 -0.59% -
1892 -0.56% -
1891 -0.64% -
1890 -0.8% -
1889 -0.45% -
1888 -1.94% -
1887 -1.28% -
1886 -0.75% -
1885 -1.48% -
1884 -1.22% -
1883 -0.81% -
1882 -0.77% -
1881 -0.05% -
1880 -0.69% -
1879 -0.39% -
1878 -0.12% -
1877 -0.84% -
1876 -0.8% -
1875 -0.87% -
1874 -0.15% -
1873 -0.28% -
1872 0.31% -
1871 0.42% -
1870 0.19% -
1869 0.01% -
1868 -0.38% -
1867 -0.12% -
1866 -0.31% -
1865 0.21% -
1864 -0.11% -
1863 -0.06% -
1862 0.15% -
1861 -0.16% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1861–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/india/mauritania | CC BY

In 2025, India's government deficit, the difference between spending and revenue, was $294B, equivalent to 7.44% of GDP. This compares to Mauritania's deficit of $34.8M, or 0.3% of GDP.

Over the past 22 years, India recorded a fiscal deficit in 22 of those years, while Mauritania ran a deficit in 13 years. On average, India posted an annual deficit equal to 7.75% of GDP, compared to deficit of 0.55% of GDP for Mauritania.

Inflation comparison by year

Inflation
India

Mauritania
1x
Year Consumer prices inflation
India Mauritania
2025 2.4% 1.55%
2024 4.95% 2.49%
2023 5.65% 4.95%
2022 6.7% 9.53%
2021 5.13% 3.57%
2020 6.62% 2.39%
2019 3.73% 2.3%
2018 3.94% 3.07%
2017 3.33% 2.25%
2016 4.95% 1.47%
2015 4.91% 3.25%
2014 6.67% 3.53%
2013 10% 4.13%
2012 9.48% 4.9%
2011 8.91% 5.69%
2010 12% 6.28%
2009 10.9% 2.22%
2008 8.35% 7.35%
2007 6.37% 7.25%
2006 5.8% 6.24%
2005 4.25% 12.1%
2004 3.77% 10.4%
2003 3.81% 5.15%
2002 4.3% 3.9%
2001 3.78% 4.71%
2000 4.01% 3.25%
1999 4.67% 4.07%
1998 13.2% 8.03%
1997 7.16% 4.63%

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

GeoRank.org/economy/india/mauritania | CC BY

Over the past 29 years, India has recorded an average annual inflation rate of 6.2%, compared with 4.85% in Mauritania. In 2025, inflation was 2.4% in India and 1.55% in Mauritania.

Top exports between countries

India
Export category Export value
Machinery & equipment $39.6M
Textiles & consumer goods $37.5M
Chemicals & pharma $27.9M
Raw agricultural goods $17.7M
Processed food, beverages & tobacco $15.1M
Metals $11.3M
Raw materials & minerals $3.51M
Wood & paper products $1.33M
Animal & marine products $622K
Miscellaneous $357K
Mauritania
Export category Export value
Textiles & consumer goods $6.73M
Metals $877K
Chemicals & pharma $488K
Raw materials & minerals $254K
Animal & marine products $196K
Machinery & equipment $19K

Balance of trade

India Mauritania
Current account balance
-$16.5B
2025
-$1.04B
2024
Current account balance ranking
182/190
2025
118/190
2024
Current account balance, % of GDP
-0.42%
2025
-9.55%
2024
Goods imports
$761B
2025
$4.32B
2024
Goods exports
$450B
2025
$3.83B
2024
Service imports
$203B
2025
$1.05B
2024
Service exports
$412B
2025
$230M
2024
Imports of goods and services, % of GDP
24%
2025
54.2%
2025
Exports of goods and services, % of GDP
22.3%
2025
39.9%
2025

Economic freedom indices

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

India Mauritania
Economic freedom 52.5 53.9
Economic freedom ranking 146/197 136/197
Property rights 48.3 32.6
Government integrity 37.8 24.5
Judicial effectiveness 52.6 26.4
Tax burden 71.2 75.5
Government spending 75.7 80.2
Fiscal health 6.7 87.9
Business freedom 67.4 38.7
Labor freedom 59 53.6
Monetary freedom 70.9 77.8
Trade freedom 61 59.6
Investment freedom 40 50
Financial freedom 40 40

Economic freedom comparison by year

India
Mauritania
1x
Year Economic freedom index
India Mauritania
2026 52.5 53.9
2025 53 54.9
2024 52.9 55.3
2023 52.9 55.3
2022 53.9 55.3
2021 56.5 56.1
2020 56.5 55.3
2019 55.2 55.7
2018 54.5 54
2017 52.6 54.4
2016 56.2 54.8
2015 54.6 53.3
2014 55.7 53.2
2013 55.2 52.3
2012 54.6 53
2011 54.6 52.1
2010 53.8 52
2009 54.4 53.9
2008 54.1 55.2
2007 53.9 53.6
2006 52.2 55.7
2005 54.2 59.4
2004 51.5 61.8
2003 51.2 59
2002 51.2 52.5
2001 49 48.5
2000 47.4 46
1999 50.2 42.8
1998 49.7 43.7
1997 49.7 47
1996 47.4 45.5
1995 45.1 -

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

GeoRank.org/economy/india/mauritania | CC BY

The Economic Freedom Index for India is 52.5, ranking 146/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

India Mauritania
Services, % of GDP
49.3%
2025
42.4%
2025
Industry, % of GDP
25.2%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
16.2%
2025
20%
2025
GNI, Atlas method
$4.04T
2025
$11.8B
2025
GNI per capita, PPP
$11,600
2025
$7,640
2025
Total reserves including gold
$700B
2025
$2.04B
2021
Total reserves ranking
5/177
2025
127/177
2021
Net foreign direct investment
-$3.41B
2025
-$1.44B
2024
Net inflows of foreign direct investment
$27.1B
2024
$1.44B
2024
Net outflows of foreign direct investment
$24.2B
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
2.47%
2024
3.83%
2024
Poverty at national poverty lines
21.9%
2011
31.8%
2019
Gross capital formation, % of GDP
34.6%
2025
44.3%
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).

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1861–1990, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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 (2022–2025, 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.