Skip to content

Economy of India vs Moldova compared: GDP & Debt

Updated on by Georank

India has a GDP of $3.96T compared to $20.4B for Moldova, ranking 6/197 and 133/197 by economy size, respectively.

India has $3.33T in government debt (84.1% of GDP), compared to $7.45B (36.6% of GDP) in Moldova.

India vs Moldova GDP by year

India
Moldova
1x
Year GDP, current $
India Moldova
2025 $3,956,067,115,772 $20,351,796,275
2024 $3,760,813,470,501 $18,206,842,141
2023 $3,500,906,030,645 $16,711,906,746
2022 $3,249,938,492,013 $14,525,337,524
2021 $3,167,270,623,260 $13,691,869,264
2020 $2,674,851,578,587 $11,530,746,234
2019 $2,835,606,256,558 $11,736,797,055
2018 $2,702,929,641,649 $11,252,353,421
2017 $2,651,474,262,755 $9,514,404,016
2016 $2,294,796,885,663 $7,980,917,076
2015 $2,103,588,360,045 $7,797,667,197
2014 $2,039,126,479,155 $9,402,090,138
2013 $1,856,721,507,622 $9,496,717,876
2012 $1,827,637,590,410 $8,709,138,635
2011 $1,823,051,829,895 $8,414,352,020
2010 $1,675,615,519,485 $6,974,982,370
2009 $1,341,888,016,995 $5,439,434,272
2008 $1,198,895,139,006 $6,054,824,248
2007 $1,216,736,438,835 $4,401,173,152
2006 $940,259,888,788 $3,408,255,451
2005 $820,383,763,511 $2,988,342,907
2004 $709,152,728,831 $2,598,249,556
2003 $607,700,687,237 $1,980,907,435
2002 $514,939,140,319 $1,661,818,168
2001 $485,440,139,204 $1,480,673,594
2000 $468,395,521,654 $1,288,429,392
1999 $458,821,052,616 $1,170,782,957
1998 $421,351,317,225 $1,698,717,505
1997 $415,867,563,593 $1,930,081,169
1996 $392,896,866,205 $1,695,122,174
1995 $360,281,909,643 $1,752,999,370
1994 $327,274,843,459 $1,702,314,268
1993 $279,295,648,983 $2,371,813,324
1992 $288,208,070,278 $2,319,243,436
1991 $270,105,341,879 $3,094,565,871
1990 $320,979,026,420 $3,592,857,043
1989 $296,042,052,945 -
1988 $296,589,670,896 -
1987 $279,033,584,092 -
1986 $248,985,994,041 -
1985 $232,511,554,840 -
1984 $212,157,645,178 -
1983 $218,262,146,413 -
1982 $200,715,624,831 -
1981 $193,491,368,446 -
1980 $186,328,579,302 -
1979 $152,995,442,498 -
1978 $137,302,319,829 -
1977 $121,486,641,441 -
1976 $102,716,451,980 -
1975 $98,473,832,017 -
1974 $99,526,597,934 -
1973 $85,517,673,173 -
1972 $71,464,700,667 -
1971 $67,351,404,352 -
1970 $62,422,483,055 -
1969 $58,447,995,017 -
1968 $53,085,455,871 -
1967 $50,134,942,204 -
1966 $45,581,230,504 -
1965 $59,556,105,229 -
1964 $56,480,289,941 -
1963 $48,421,923,459 -
1962 $42,161,481,858 -
1961 $39,232,435,784 -
1960 $37,029,883,876 -

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

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

GDP per capita in India vs Moldova by year

India
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
India Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,702 - $8,622 -
2024 $2,592 $11,160 $7,579 $18,615
2023 $2,434 $10,323 $6,800 $17,747
2022 $2,280 $9,207 $5,744 $16,453
2021 $2,240 $8,050 $5,275 $15,682
2020 $1,907 $6,966 $4,376 $13,527
2019 $2,041 $7,151 $4,405 $13,413
2018 $1,966 $6,715 $4,156 $11,868
2017 $1,950 $6,145 $3,453 $11,252
2016 $1,708 $5,800 $2,847 $10,326
2015 $1,584 $5,425 $2,750 $9,198
2014 $1,554 $5,192 $3,290 $8,643
2013 $1,433 $5,014 $3,321 $8,233
2012 $1,429 $4,820 $3,045 $7,255
2011 $1,445 $4,455 $2,941 $6,833
2010 $1,348 $4,206 $2,437 $6,323
2009 $1,095 $3,887 $1,898 $5,827
2008 $993 $3,633 $2,111 $6,153
2007 $1,022 $3,508 $1,531 $5,590
2006 $802 $3,221 $1,183 $5,271
2005 $710 $2,937 $1,034 $4,866
2004 $624 $2,682 $897 $4,378
2003 $544 $2,461 $682 $3,960
2002 $469 $2,277 $571 $3,633
2001 $450 $2,200 $507 $3,311
2000 $443 $2,091 $441 $3,045
1999 $442 $2,006 $399 $2,910
1998 $414 $1,852 $579 $2,965
1997 $416 $1,759 $657 $3,136
1996 $401 $1,695 $575 $3,021
1995 $375 $1,579 $594 $3,146
1994 $348 $1,467 $574 $3,111
1993 $303 $1,374 $797 $4,394
1992 $319 $1,309 $778 $4,337
1991 $306 $1,239 $1,038 $5,980
1990 $371 $1,212 $1,207 $6,895
1989 $350 - - -
1988 $358 - - -
1987 $345 - - -
1986 $315 - - -
1985 $301 - - -
1984 $281 - - -
1983 $296 - - -
1982 $278.7 - - -
1981 $275 - - -
1980 $271.1 - - -
1979 $228 - - -
1978 $209.4 - - -
1977 $189.6 - - -
1976 $164.1 - - -
1975 $161.1 - - -
1974 $166.7 - - -
1973 $146.6 - - -
1972 $125.3 - - -
1971 $120.7 - - -
1970 $114.4 - - -
1969 $109.5 - - -
1968 $101.6 - - -
1967 $98 - - -
1966 $91 - - -
1965 $121.5 - - -
1964 $117.9 - - -
1963 $103.4 - - -
1962 $92.2 - - -
1961 $87.9 - - -
1960 $84.9 - - -

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

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

India's GDP per capita is $2,702, ranking 149/197, compared to $8,622 in Moldova, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), India ranks 130th at $11,160, while Moldova ranks 100th at $18,615.

Economic indicators

India Moldova
Gross domestic product
$3.96T
2025
$20.4B
2025
GDP rank
6/197
2025
133/197
2025
GDP growth
7.57%
2024-2025
2.42%
2024-2025
GDP per capita
$2,702
2025
$8,622
2025
GDP per capita rank
149/197
2025
93/197
2025
GDP per capita, PPP
$11,160
2024
$18,615
2024
GDP per capita PPP rank
130/197
2024
100/197
2024
Government debt
$3.33T
2025
$7.45B
2025
Debt-to-GDP ratio
84.1%
2025
36.6%
2025
Government debt per person
$2,272
2025
$3,158
2025
Government debt per person rank
116/185
2025
103/185
2025
Average annual personal income after taxes
$2,974
2026
$4,301
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
22.8%
2023
Income share by poorest 10%
4.5%
2022
4.3%
2023
Government expenditure, % of GDP
28.5%
2025
39.4%
2025
Consumer prices inflation
2.4%
2024-2025
7.76%
2024-2025
Central bank interest rate
5.25%
2025
6.5%
2026
Unemployment rate
4.51%
2025
1.28%
2025
Population
1483314140
2328600

Spending and national debt comparison by year

India
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
India Moldova
Government spending Government debt Government spending Government debt
2025 28.5% 84.1% 39.4% 36.6%
2024 29.3% 84.8% 38% 38.8%
2023 29.7% 85% 38.8% 34.9%
2022 30% 84.6% 36.6% 35%
2021 30.7% 85.7% 34.6% 33.6%
2020 31.8% 90.6% 36.7% 36.6%
2019 27.4% 76.7% 32% 28.8%
2018 26.8% 71.7% 31.5% 31.8%
2017 26.6% 70.8% 31% 34.9%
2016 27.6% 69.8% 30.5% 39.7%
2015 27.3% 69.8% 31.7% 42.1%
2014 26.2% 67.6% 33.8% 35.4%
2013 26.5% 68% 32.4% 30%
2012 27.2% 68.1% 33.7% 31.3%
2011 27.3% 68.7% 32.6% 24.2%
2010 27.7% 67.7% 34.1% 25.5%
2009 28.1% 72.7% 45.3% 32.6%
2008 28.3% 74.3% 41.5% 22.2%
2007 26.1% 75.4% 42.7% 28.3%
2006 25.6% 77.9% 40.3% 35%
2005 26% 82.4% 37.1% 40.4%
2004 28.4% 84.9% 34.8% 49.3%
2003 29.9% 85.9% 33.5% 68.1%
2002 29.1% 84.3% 30.7% 80.3%
2001 28.3% 80.1% 29.5% 85.4%
2000 26.1% 74.9% 34% 89.1%
1999 25.8% 71.3% 33% 150.7%
1998 26% 69.3% 39.1% 159.4%
1997 25.2% 69% 46% 89%
1996 24.4% 67.1% 43.3% 87.5%
1995 25% 70.9% 42% 79.5%
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/moldova | CC BY

In 2025, India's government spending was $1.13T, accounting for 28.5% of its GDP, while Moldova spent $8.02B, or 39.4% of GDP.

Debt-to-GDP ratio is 84.1% in India and 36.6% in Moldova, ranking 38/185 and 140/185, respectively.

Government deficit by year

Deficit/surplus
India

Moldova
1x
Year Deficit/surplus, % of GDP
India Moldova
2025 -7.44% -3.87%
2024 -7.85% -4.02%
2023 -8.37% -5.13%
2022 -9.23% -3.24%
2021 -9.7% -2.62%
2020 -13.2% -5.32%
2019 -7.86% -1.47%
2018 -6.46% -0.85%
2017 -6.33% -0.65%
2016 -7.21% -1.56%
2015 -7.28% -1.93%
2014 -6.9% -1.6%
2013 -6.78% -1.57%
2012 -7.32% -1.93%
2011 -8.03% -2.05%
2010 -8.53% -2.18%
2009 -9.26% -6.38%
2008 -8.15% -0.87%
2007 -3.73% 0.15%
2006 -5.11% -0.42%
2005 -6.64% 1.44%
2004 -9.22% 0.59%
2003 -11.4% 0.47%
2002 -11.1% -1.18%
2001 -11% -0.34%
2000 -8.41% -3.55%
1999 -8.7% -2.64%
1998 -9.74% -1.52%
1997 -8.28% -7.47%
1996 -6.71% -7.42%
1995 -6.81% -2.58%
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/moldova | 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 Moldova's deficit of $788M, or 3.87% of GDP.

Over the past 31 years, India recorded a fiscal deficit in 31 of those years, while Moldova ran a deficit in 27 years. On average, India posted an annual deficit equal to 8.15% of GDP, compared to deficit of 2.31% of GDP for Moldova.

Inflation comparison by year

Inflation
India

Moldova
1x
Year Consumer prices inflation
India Moldova
2025 2.4% 7.76%
2024 4.95% 4.68%
2023 5.65% 13.4%
2022 6.7% 28.7%
2021 5.13% 5.11%
2020 6.62% 3.77%
2019 3.73% 4.84%
2018 3.94% 3.05%
2017 3.33% 6.57%
2016 4.95% 6.36%
2015 4.91% 9.68%
2014 6.67% 5.09%
2013 10% 4.6%
2012 9.48% 4.55%
2011 8.91% 7.69%
2010 12% 7.48%
2009 10.9% -0.06%
2008 8.35% 12.8%
2007 6.37% 12.4%
2006 5.8% 12.8%
2005 4.25% 12%
2004 3.77% 12.5%
2003 3.81% 11.7%
2002 4.3% 5.3%
2001 3.78% 9.76%
2000 4.01% 31.3%
1999 4.67% 39.3%
1998 13.2% 7.7%
1997 7.16% 11.8%

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

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

Over the past 29 years, India has recorded an average annual inflation rate of 6.2%, compared with 10.4% in Moldova. In 2025, inflation was 2.4% in India and 7.76% in Moldova.

Top exports between countries

India
Export category Export value
Chemicals & pharma $5.04M
Machinery & equipment $3.12M
Textiles & consumer goods $926K
Precious metals & jewellery $630K
Raw materials & minerals $622K
Processed food, beverages & tobacco $439K
Wood & paper products $341K
Raw agricultural goods $331K
Animal & marine products $256K
Miscellaneous $123K
Moldova
Export category Export value
Raw agricultural goods $1.01M
Machinery & equipment $162K
Chemicals & pharma $68K
Raw materials & minerals $15K
Textiles & consumer goods $13K
Processed food, beverages & tobacco $12K

Balance of trade

India Moldova
Current account balance
-$16.5B
2025
-$4B
2025
Current account balance ranking
182/190
2025
158/190
2025
Current account balance, % of GDP
-0.42%
2025
-19.6%
2025
Goods imports
$761B
2025
$10.1B
2025
Goods exports
$450B
2025
$3.23B
2025
Service imports
$203B
2025
$2.17B
2025
Service exports
$412B
2025
$3.22B
2025
Imports of goods and services, % of GDP
24%
2025
60.9%
2025
Exports of goods and services, % of GDP
22.3%
2025
31.8%
2025

Economic freedom indices

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

India Moldova
Economic freedom 52.5 58.1
Economic freedom ranking 146/197 112/197
Property rights 48.3 40.4
Government integrity 37.8 45.1
Judicial effectiveness 52.6 32.4
Tax burden 71.2 87.9
Government spending 75.7 57.2
Fiscal health 6.7 70.3
Business freedom 67.4 68.3
Labor freedom 59 48.1
Monetary freedom 70.9 66
Trade freedom 61 76.8
Investment freedom 40 55
Financial freedom 40 50

Economic freedom comparison by year

India
Moldova
1x
Year Economic freedom index
India Moldova
2026 52.5 58.1
2025 53 58.3
2024 52.9 57.1
2023 52.9 58.5
2022 53.9 61.3
2021 56.5 62.5
2020 56.5 62
2019 55.2 59.1
2018 54.5 58.4
2017 52.6 58
2016 56.2 57.4
2015 54.6 57.5
2014 55.7 57.3
2013 55.2 55.5
2012 54.6 54.4
2011 54.6 55.7
2010 53.8 53.7
2009 54.4 54.9
2008 54.1 57.9
2007 53.9 58.7
2006 52.2 58
2005 54.2 57.4
2004 51.5 57.1
2003 51.2 60
2002 51.2 57.4
2001 49 54.9
2000 47.4 59.6
1999 50.2 56.1
1998 49.7 53.5
1997 49.7 48.9
1996 47.4 52.5
1995 45.1 33

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

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

The Economic Freedom Index for India is 52.5, ranking 146/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

India Moldova
Services, % of GDP
49.3%
2025
61.5%
2025
Industry, % of GDP
25.2%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
16.2%
2025
7.38%
2025
GNI, Atlas method
$4.04T
2025
$19B
2025
GNI per capita, PPP
$11,600
2025
$19,990
2025
Total reserves including gold
$700B
2025
$6.01B
2025
Total reserves ranking
5/177
2025
97/177
2025
Net foreign direct investment
-$3.41B
2025
-$360M
2025
Net inflows of foreign direct investment
$27.1B
2024
$458M
2024
Net outflows of foreign direct investment
$24.2B
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
2.47%
2024
6.22%
2024
Poverty at national poverty lines
21.9%
2011
31.6%
2023
Gross capital formation, % of GDP
34.6%
2025
24.2%
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).

GeoRank.org/economy/india/moldova | 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 (1960–2025, 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 (2023–2025, 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.