Skip to content

Economy of India vs Mauritania compared: GDP & Debt

Updated on by Georank team

India has a GDP of $3.91T compared to $10.9B for Mauritania, ranking 5/197 and 153/197 by economy size, respectively.

India has $3.19T in government debt (81.6% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

India vs Mauritania GDP by year

India
Mauritania
1x
Year GDP, current $
India Mauritania
2024 $3,909,891,533,858 $10,908,045,687
2023 $3,638,489,096,034 $10,726,838,461
2022 $3,346,107,287,731 $9,557,966,698
2021 $3,167,270,623,260 $9,222,536,364
2020 $2,674,851,578,587 $8,260,752,385
2019 $2,835,606,256,558 $7,894,764,886
2018 $2,702,929,641,649 $7,473,550,557
2017 $2,651,474,262,755 $6,800,135,898
2016 $2,294,796,885,663 $6,398,747,592
2015 $2,103,588,360,045 $6,166,863,897
2014 $2,039,126,479,155 $6,592,537,782
2013 $1,856,721,507,622 $7,223,071,097
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 (1960–2024, retrieved 2026-04-06).

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
2024 $2,695 $11,160 $2,110 $7,369
2023 $2,530 $10,323 $2,136 $6,966
2022 $2,347 $9,207 $1,960 $6,485
2021 $2,240 $8,050 $1,948 $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 $1,615 $5,353
2016 $1,708 $5,800 $1,566 $4,683
2015 $1,584 $5,425 $1,555 $3,978
2014 $1,554 $5,192 $1,713 $3,865
2013 $1,433 $5,014 $1,934 $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 (1960–2024, retrieved 2026-04-06).

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

India's GDP per capita is $2,695, ranking 143/197, compared to $2,110 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
$3.91T
2024
$10.9B
2024
GDP rank
5/197
2024
153/197
2024
GDP growth
6.49%
2023-2024
6.31%
2023-2024
GDP per capita
$2,695
2024
$2,110
2024
GDP per capita rank
143/197
2024
156/197
2024
GDP per capita, PPP
$11,160
2024
$7,369
2024
GDP per capita PPP rank
130/197
2024
147/197
2024
Government debt
$3.19T
2024
$4.67B
2024
Debt-to-GDP ratio
81.6%
2024
42.8%
2024
Government debt per person
$2,200
2024
$904
2024
Government debt per person rank
118/185
2024
145/185
2024
Average annual personal income after taxes
$4,596
2026
$2,078
2026
Market capitalization of domestic companies
$5.13T
2024
n/a
Number of millionaires
917,000
2025
n/a
Number of billionaires
205
2025
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
28.4%
2024
23.6%
2024
Consumer prices inflation
4.95%
2023-2024
2.49%
2023-2024
Central bank interest rate
5.25%
2025
n/a
Unemployment rate
4.17%
2024
10.4%
2019
Population
1480351380
5505206

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
2024 28.4% 81.6% 23.6% 42.8%
2023 27.9% 80.7% 24.8% 47.1%
2022 29.1% 82.2% 28.7% 50.5%
2021 29.9% 83.5% 20.8% 54.5%
2020 31% 88.4% 18.5% 56.5%
2019 26.8% 75.1% 17.8% 57.7%
2018 26.3% 70.4% 19% 59.2%
2017 26.2% 69.7% 20.3% 55.7%
2016 27.2% 68.9% 20.8% 57.6%
2015 27.1% 69% 25.7% 59.9%
2014 26.2% 67.1% 23.9% 49.5%
2013 26.6% 67.7% 20.1% 40.7%
2012 27.4% 68% 21.5% 39.3%
2011 27.6% 68.7% 17% 38.8%
2010 28% 67.7% 17.3% 43.9%
2009 28.5% 72.7% 19.6% 54.3%
2008 29.3% 74.3% 19.8% 57.2%
2007 26.9% 75.4% 19.7% 61.5%
2006 26.9% 77.9% 19% 38%
2005 26.9% 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 27.3% 76.7% - -
1990 25.8% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

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

In 2024, India's government spending was $1.11T, accounting for 28.4% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 81.6% in India and 42.8% in Mauritania, ranking 43/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
India

Mauritania
1x
Year Deficit/surplus, % of GDP
India Mauritania
2024 -7.9% -1.35%
2023 -7.4% -2.45%
2022 -8.97% -3.09%
2021 -9.45% 2.6%
2020 -12.9% 2.78%
2019 -7.69% 2.65%
2018 -6.34% 3.23%
2017 -6.23% 0.53%
2016 -7.12% 0.13%
2015 -7.21% -2.44%
2014 -7.07% -2.64%
2013 -7% -0.66%
2012 -7.55% 1.67%
2011 -8.35% 0.07%
2010 -8.79% -0.45%
2009 -9.7% -3.59%
2008 -9.17% -3.32%
2007 -4.59% -1.38%
2006 -6.38% 2.05%
2005 -7.49% -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 -7.9% -
1990 -8.07% -
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, India's government deficit, the difference between spending and revenue, was $309B, equivalent to 7.9% of GDP. This compares to Mauritania's deficit of $148M, or 1.35% of GDP.

Over the past 21 years, India recorded a fiscal deficit in 21 of those years, while Mauritania ran a deficit in 12 years. On average, India posted an annual deficit equal to 7.93% of GDP, compared to deficit of 0.57% of GDP for Mauritania.

Inflation comparison by year

Inflation
India

Mauritania
1x
Year Consumer prices inflation
India Mauritania
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 (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, India has recorded an average annual inflation rate of 6.33%, compared with 4.97% in Mauritania. In 2024, inflation was 4.95% in India and 2.49% in Mauritania.

Top exports between countries

India
Export category Export value
Textiles & consumer goods $31.5M
Chemicals & pharma $24.2M
Processed food, beverages & tobacco $11.4M
Raw agricultural goods $10.9M
Machinery & equipment $10.1M
Metals $7.23M
Raw materials & minerals $2.58M
Wood & paper products $1.67M
Weapons & explosives $875K
Miscellaneous $621K
Mauritania
Export category Export value
Textiles & consumer goods $3.12M
Chemicals & pharma $1.28M
Metals $809K
Raw materials & minerals $403K
Animal & marine products $196K
Machinery & equipment $19K

Balance of trade

India Mauritania
Current account balance
-$32.1B
2024
-$1.04B
2024
Current account balance ranking
186/190
2024
124/190
2024
Current account balance, % of GDP
-0.82%
2024
-9.53%
2024
Goods imports
$727B
2024
$4.32B
2024
Goods exports
$447B
2024
$3.83B
2024
Service imports
$197B
2024
$1.05B
2024
Service exports
$375B
2024
$230M
2024
Imports of goods and services, % of GDP
23.5%
2024
52.2%
2024
Exports of goods and services, % of GDP
21.2%
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.

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 2026-03-09).

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
49.9%
2024
42.4%
2024
Industry, % of GDP
24.6%
2024
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
16.3%
2024
19.3%
2024
GNI, Atlas method
$3.84T
2024
$11B
2024
GNI per capita, PPP
$11,000
2024
$7,300
2024
Total reserves including gold
$643B
2024
$2.04B
2021
Total reserves ranking
5/177
2024
126/177
2021
Net foreign direct investment
-$2.89B
2024
-$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
2.38%
2024
3.82%
2024
Poverty at national poverty lines
21.9%
2011
31.8%
2019
Gross capital formation, % of GDP
32.9%
2024
43.1%
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/india/mauritania | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1861–1990, 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 (2022–2024, 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.