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Economy of India vs Niger compared: GDP & Debt

Updated on by Georank team

India has a GDP of $3.91T compared to $19.9B for Niger, ranking 5/197 and 130/197 by economy size, respectively.

India has $3.19T in government debt (81.6% of GDP), compared to $9.39B (47.2% of GDP) in Niger.

India vs Niger GDP by year

India
Niger
1x
Year GDP, current $
India Niger
2024 $3,909,891,533,858 $19,876,128,486
2023 $3,638,489,096,034 $16,698,786,978
2022 $3,346,107,287,731 $15,433,852,712
2021 $3,167,270,623,260 $14,915,002,436
2020 $2,674,851,578,587 $13,744,653,103
2019 $2,835,606,256,558 $12,889,555,561
2018 $2,702,929,641,649 $12,837,307,497
2017 $2,651,474,262,755 $11,185,104,252
2016 $2,294,796,885,663 $10,398,861,982
2015 $2,103,588,360,045 $9,683,867,926
2014 $2,039,126,479,155 $10,862,943,544
2013 $1,856,721,507,622 $10,224,897,438
2012 $1,827,637,590,410 $9,426,912,648
2011 $1,823,051,829,895 $8,772,950,778
2010 $1,675,615,519,485 $7,851,192,502
2009 $1,341,888,016,995 $7,352,131,310
2008 $1,198,895,139,006 $7,297,600,226
2007 $1,216,736,438,835 $5,731,485,052
2006 $940,259,888,788 $4,756,361,252
2005 $820,383,763,511 $4,383,315,965
2004 $709,152,728,831 $3,760,443,738
2003 $607,700,687,237 $3,394,084,732
2002 $514,939,140,319 $2,782,192,879
2001 $485,440,139,204 $2,448,714,704
2000 $468,395,521,654 $2,241,753,193
1999 $458,821,052,616 $2,537,789,821
1998 $421,351,317,225 $2,643,363,519
1997 $415,867,563,593 $2,290,318,910
1996 $392,896,866,205 $2,405,686,940
1995 $360,281,909,643 $2,302,537,562
1994 $327,274,843,459 $1,938,058,175
1993 $279,295,648,983 $3,052,673,849
1992 $288,208,070,278 $3,386,232,579
1991 $270,105,341,879 $3,285,796,875
1990 $320,979,026,420 $3,512,356,508
1989 $296,042,052,945 $2,179,567,114
1988 $296,589,670,896 $2,280,356,193
1987 $279,033,584,092 $2,233,006,105
1986 $248,985,994,041 $1,904,096,998
1985 $232,511,554,840 $1,440,581,652
1984 $212,157,645,178 $1,461,243,326
1983 $218,262,146,413 $1,803,099,561
1982 $200,715,624,831 $2,017,612,216
1981 $193,491,368,446 $2,170,893,414
1980 $186,328,579,302 $2,508,524,721
1979 $152,995,442,498 $2,109,277,666
1978 $137,302,319,829 $1,774,365,590
1977 $121,486,641,441 $1,291,458,041
1976 $102,716,451,980 $1,064,517,601
1975 $98,473,832,017 $1,048,690,933
1974 $99,526,597,934 $1,026,137,111
1973 $85,517,673,173 $946,385,105
1972 $71,464,700,667 $742,779,661
1971 $67,351,404,352 $693,573,704
1970 $62,422,483,055 $649,916,621
1969 $58,447,995,017 $625,867,985
1968 $53,085,455,871 $641,214,226
1967 $50,134,942,204 $665,586,872
1966 $45,581,230,504 $702,296,079
1965 $59,556,105,229 $673,383,511
1964 $56,480,289,941 $582,816,396
1963 $48,421,923,459 $586,294,879
1962 $42,161,481,858 $531,736,599
1961 $39,232,435,784 $485,785,231
1960 $37,029,883,876 $449,526,873

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

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

GDP per capita in India vs Niger by year

India
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
India Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,695 $11,160 $735 $2,050
2023 $2,530 $10,323 $638 $1,875
2022 $2,347 $9,207 $610 $1,840
2021 $2,240 $8,050 $609 $1,586
2020 $1,907 $6,966 $580 $1,497
2019 $2,041 $7,151 $562 $1,419
2018 $1,966 $6,715 $579 $1,276
2017 $1,950 $6,145 $522 $1,208
2016 $1,708 $5,800 $503 $1,189
2015 $1,584 $5,425 $486 $1,172
2014 $1,554 $5,192 $565 $1,161
2013 $1,433 $5,014 $552 $1,138
2012 $1,429 $4,820 $529 $1,162
2011 $1,445 $4,455 $511 $1,064
2010 $1,348 $4,206 $474 $1,058
2009 $1,095 $3,887 $461 $999
2008 $993 $3,633 $475 $1,010
2007 $1,022 $3,508 $387 $955
2006 $802 $3,221 $333 $935
2005 $710 $2,937 $319 $888
2004 $624 $2,682 $283.5 $832
2003 $544 $2,461 $265.2 $837
2002 $469 $2,277 $225.3 $832
2001 $450 $2,200 $205.4 $809
2000 $443 $2,091 $194.8 $764
1999 $442 $2,006 $228.3 $783
1998 $414 $1,852 $246.1 $801
1997 $416 $1,759 $220.6 $745
1996 $401 $1,695 $239.5 $746
1995 $375 $1,579 $237 $757
1994 $348 $1,467 $206.2 $748
1993 $303 $1,374 $335 $742
1992 $319 $1,309 $384 $746
1991 $306 $1,239 $384 $738
1990 $371 $1,212 $424 $739
1989 $350 - $271.3 -
1988 $358 - $292.6 -
1987 $345 - $295.3 -
1986 $315 - $259.6 -
1985 $301 - $202.4 -
1984 $281 - $211.5 -
1983 $296 - $268.8 -
1982 $278.7 - $310 -
1981 $275 - $343 -
1980 $271.1 - $409 -
1979 $228 - $354 -
1978 $209.4 - $307 -
1977 $189.6 - $229.8 -
1976 $164.1 - $194.8 -
1975 $161.1 - $197.2 -
1974 $166.7 - $198.3 -
1973 $146.6 - $187.9 -
1972 $125.3 - $151.4 -
1971 $120.7 - $145.2 -
1970 $114.4 - $139.8 -
1969 $109.5 - $138.3 -
1968 $101.6 - $145.6 -
1967 $98 - $155.4 -
1966 $91 - $168.6 -
1965 $121.5 - $166.3 -
1964 $117.9 - $148.1 -
1963 $103.4 - $153.3 -
1962 $92.2 - $143.2 -
1961 $87.9 - $134.6 -
1960 $84.9 - $128.3 -

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

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

India's GDP per capita is $2,695, ranking 143/197, compared to $735 in Niger, ranking 187/197. Adjusted for purchasing power (GDP per capita PPP), India ranks 130th at $11,160, while Niger ranks 186th at $2,050.

Economic indicators

India Niger
Gross domestic product
$3.91T
2024
$19.9B
2024
GDP rank
5/197
2024
130/197
2024
GDP growth
6.49%
2023-2024
10.3%
2023-2024
GDP per capita
$2,695
2024
$735
2024
GDP per capita rank
143/197
2024
187/197
2024
GDP per capita, PPP
$11,160
2024
$2,050
2024
GDP per capita PPP rank
130/197
2024
186/197
2024
Government debt
$3.19T
2024
$9.39B
2024
Debt-to-GDP ratio
81.6%
2024
47.2%
2024
Government debt per person
$2,200
2024
$347
2024
Government debt per person rank
118/185
2024
173/185
2024
Average annual personal income after taxes
$4,596
2026
$1,163
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
27.8%
2021
Income share by poorest 10%
4.5%
2022
3.8%
2021
Government expenditure, % of GDP
28.4%
2024
13.4%
2024
Consumer prices inflation
4.95%
2023-2024
9.07%
2023-2024
Central bank interest rate
5.25%
2025
n/a
Unemployment rate
4.17%
2024
0.4%
2022
Population
1480351380
29080898

Spending and national debt comparison by year

India
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
India Niger
Government spending Government debt Government spending Government debt
2024 28.4% 81.6% 13.4% 47.2%
2023 27.9% 80.7% 15.8% 51.8%
2022 29.1% 82.2% 21.6% 50.6%
2021 29.9% 83.5% 24.3% 51.3%
2020 31% 88.4% 22.4% 45%
2019 26.8% 75.1% 21.6% 39.8%
2018 26.3% 70.4% 21.2% 37%
2017 26.2% 69.7% 19.5% 36.5%
2016 27.2% 68.9% 19.4% 32.8%
2015 27.1% 69% 24.2% 29.9%
2014 26.2% 67.1% 23.6% 22.1%
2013 26.6% 67.7% 20.4% 19.6%
2012 27.4% 68% 16.6% 18.1%
2011 27.6% 68.7% 15.3% 14.7%
2010 28% 67.7% 14.3% 15.1%
2009 28.5% 72.7% 17.7% 15.9%
2008 29.3% 74.3% 16.9% 14.2%
2007 26.9% 75.4% 17.4% 17.8%
2006 26.9% 77.9% 15.2% 18.3%
2005 26.9% 82.4% 15.6% 49.5%
2004 28.4% 84.9% 16.1% 55%
2003 29.9% 85.9% 14% 60.6%
2002 29.1% 84.3% 14.4% 69%
2001 28.3% 80.1% 13.7% 74%
2000 26.1% 74.9% 13.5% 82.1%
1999 25.8% 71.3% 15% 63.3%
1998 26% 69.3% 13.6% 61.3%
1997 25.2% 69% 12.9% 69.1%
1996 24.4% 67.1% 10.9% 63.5%
1995 25% 70.9% 12.5% 69.4%
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/niger | CC BY

In 2024, India's government spending was $1.11T, accounting for 28.4% of its GDP, while Niger spent $2.67B, or 13.4% of GDP.

Debt-to-GDP ratio is 81.6% in India and 47.2% in Niger, ranking 43/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
India

Niger
1x
Year Deficit/surplus, % of GDP
India Niger
2024 -7.9% -4.27%
2023 -7.4% -5.37%
2022 -8.97% -6.77%
2021 -9.45% -6.1%
2020 -12.9% -4.82%
2019 -7.69% -3.56%
2018 -6.34% -3.01%
2017 -6.23% -4.12%
2016 -7.12% -4.46%
2015 -7.21% -6.75%
2014 -7.07% -6.12%
2013 -7% -1.93%
2012 -7.55% -0.83%
2011 -8.35% -2.19%
2010 -8.79% -0.99%
2009 -9.7% -3.93%
2008 -9.17% 1.11%
2007 -4.59% -0.75%
2006 -6.38% 31%
2005 -7.49% -1.53%
2004 -9.22% -2.76%
2003 -11.4% -2.17%
2002 -11.1% -2.21%
2001 -11% -2.59%
2000 -8.41% -2.83%
1999 -8.7% -4.27%
1998 -9.74% -2.23%
1997 -8.28% -2.39%
1996 -6.71% -0.36%
1995 -6.81% -3.19%
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/niger | 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 Niger's deficit of $848M, or 4.27% of GDP.

Over the past 30 years, India recorded a fiscal deficit in 30 of those years, while Niger ran a deficit in 28 years. On average, India posted an annual deficit equal to 8.29% of GDP, compared to deficit of 2.01% of GDP for Niger.

Inflation comparison by year

Inflation
India

Niger
1x
Year Consumer prices inflation
India Niger
2024 4.95% 9.07%
2023 5.65% 3.7%
2022 6.7% 4.23%
2021 5.13% 3.84%
2020 6.62% 2.9%
2019 3.73% -2.49%
2018 3.94% 2.97%
2017 3.33% 2.8%
2016 4.95% 1.65%
2015 4.91% -0.58%
2014 6.67% -0.93%
2013 10% 2.3%
2012 9.48% 0.46%
2011 8.91% 2.94%
2010 12% 0.8%
2009 10.9% 0.58%
2008 8.35% 11.3%
2007 6.37% 0.05%
2006 5.8% 0.04%
2005 4.25% 7.8%
2004 3.77% 0.26%
2003 3.81% -1.61%
2002 4.3% 2.63%
2001 3.78% 4.01%
2000 4.01% 2.9%
1999 4.67% -2.3%
1998 13.2% 4.55%
1997 7.16% 2.93%

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

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

Over the past 28 years, India has recorded an average annual inflation rate of 6.33%, compared with 2.39% in Niger. In 2024, inflation was 4.95% in India and 9.07% in Niger.

Top exports between countries

India
Export category Export value
Chemicals & pharma $24.3M
Raw agricultural goods $24.3M
Processed food, beverages & tobacco $6.35M
Textiles & consumer goods $5.45M
Machinery & equipment $2.89M
Metals $2.39M
Raw materials & minerals $882K
Wood & paper products $343K
Weapons & explosives $274K
Miscellaneous $78K
Niger
Export category Export value
Raw materials & minerals $24K
Metals $5K
Machinery & equipment $2K
Textiles & consumer goods $2K

Balance of trade

India Niger
Current account balance
-$32.1B
2024
-$2.33B
2023
Current account balance ranking
186/190
2024
146/190
2023
Current account balance, % of GDP
-0.82%
2024
-14%
2023
Goods imports
$727B
2024
$2.59B
2023
Goods exports
$447B
2024
$992M
2023
Service imports
$197B
2024
$1.22B
2023
Service exports
$375B
2024
$231M
2023
Imports of goods and services, % of GDP
23.5%
2024
22.7%
2024
Exports of goods and services, % of GDP
21.2%
2024
27.3%
2024

Economic freedom indices

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

India Niger
Economic freedom 52.5 51
Economic freedom ranking 146/197 156/197
Property rights 48.3 16.6
Government integrity 37.8 33.9
Judicial effectiveness 52.6 28
Tax burden 71.2 78.2
Government spending 75.7 91.4
Fiscal health 6.7 47.6
Business freedom 67.4 32.4
Labor freedom 59 54.7
Monetary freedom 70.9 67.9
Trade freedom 61 65.8
Investment freedom 40 55
Financial freedom 40 40

Economic freedom comparison by year

India
Niger
1x
Year Economic freedom index
India Niger
2026 52.5 51
2025 53 51.5
2024 52.9 52.3
2023 52.9 53.7
2022 53.9 54.9
2021 56.5 57.3
2020 56.5 54.7
2019 55.2 51.6
2018 54.5 49.5
2017 52.6 50.8
2016 56.2 54.3
2015 54.6 54.6
2014 55.7 55.1
2013 55.2 53.9
2012 54.6 54.3
2011 54.6 54.3
2010 53.8 52.9
2009 54.4 53.8
2008 54.1 52.9
2007 53.9 53.2
2006 52.2 52.5
2005 54.2 54.1
2004 51.5 54.6
2003 51.2 54.2
2002 51.2 48.2
2001 49 48.9
2000 47.4 45.9
1999 50.2 48.6
1998 49.7 47.5
1997 49.7 46.6
1996 47.4 45.8
1995 45.1 -

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

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

The Economic Freedom Index for India is 52.5, ranking 146/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

India Niger
Services, % of GDP
49.9%
2024
45%
2024
Industry, % of GDP
24.6%
2024
17.6%
2024
Agriculture, forestry, and fishing, % of GDP
16.3%
2024
34.5%
2024
GNI, Atlas method
$3.84T
2024
$18.3B
2024
GNI per capita, PPP
$11,000
2024
$2,030
2024
Total reserves including gold
$643B
2024
n/a
Total reserves ranking
5/177
2024
n/a
Net foreign direct investment
-$2.89B
2024
-$1.02B
2023
Net inflows of foreign direct investment
$27.1B
2024
$358M
2024
Net outflows of foreign direct investment
$24.2B
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
2.38%
2024
1.94%
2024
Poverty at national poverty lines
21.9%
2011
41.2%
2021
Gross capital formation, % of GDP
32.9%
2024
22.1%
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/niger | 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 (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 (2020–2024, 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.