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Economy of Italy vs Tajikistan compared: GDP & Debt

Updated on by Georank

Italy has a GDP of $2.55T compared to $17.7B for Tajikistan, ranking 9/197 and 140/197 by economy size, respectively.

Italy has $3.5T in government debt (137.1% of GDP), compared to $3.82B (21.6% of GDP) in Tajikistan.

Italy vs Tajikistan GDP by year

Italy
Tajikistan
1x
Year GDP, current $
Italy Tajikistan
2025 $2,551,556,954,100 $17,660,626,562
2024 $2,383,435,562,458 $14,425,113,700
2023 $2,316,882,296,366 $12,244,169,293
2022 $2,104,067,630,319 $10,713,525,200
2021 $2,179,207,773,596 $8,937,805,347
2020 $1,907,481,094,079 $8,133,963,551
2019 $2,019,606,796,584 $8,300,813,599
2018 $2,099,435,266,459 $7,764,999,999
2017 $1,970,720,904,585 $7,536,402,853
2016 $1,887,111,188,177 $6,992,416,097
2015 $1,845,428,048,839 $8,271,431,485
2014 $2,173,255,507,986 $9,112,605,459
2013 $2,153,225,581,941 $8,448,411,318
2012 $2,097,929,495,122 $7,633,036,903
2011 $2,306,974,020,278 $6,522,756,255
2010 $2,144,936,254,535 $5,642,221,099
2009 $2,209,484,319,013 $4,979,472,364
2008 $2,417,508,414,187 $5,161,299,725
2007 $2,222,524,108,128 $3,719,524,541
2006 $1,958,563,654,386 $2,830,213,849
2005 $1,864,982,261,287 $2,312,352,021
2004 $1,812,808,753,295 $2,076,176,869
2003 $1,582,930,016,539 $1,555,318,261
2002 $1,281,746,271,196 $1,221,106,220
2001 $1,172,041,488,806 $1,080,772,551
2000 $1,149,661,363,439 $860,541,842
1999 $1,255,004,736,464 $1,086,612,290
1998 $1,272,729,786,997 $1,320,199,582
1997 $1,244,988,176,444 $921,518,033
1996 $1,314,776,508,972 $1,043,654,822
1995 $1,177,369,428,266 $1,231,561,860
1994 $1,101,750,159,702 $1,522,001,206
1993 $1,067,412,587,671 $1,646,623,195
1992 $1,323,204,350,354 $1,908,554,572
1991 $1,249,092,439,519 $2,536,585,366
1990 $1,183,945,130,899 $2,629,395,066
1989 $930,801,709,004 -
1988 $893,663,934,841 -
1987 $807,570,134,449 -
1986 $641,862,313,287 -
1985 $453,259,761,687 -
1984 $438,896,930,791 -
1983 $444,063,496,940 -
1982 $428,257,421,618 -
1981 $431,695,533,981 -
1980 $478,356,755,596 -
1979 $394,584,507,108 -
1978 $315,784,469,541 -
1977 $258,190,019,750 -
1976 $225,235,205,862 -
1975 $228,220,643,535 -
1974 $200,024,444,775 -
1973 $175,896,529,392 -
1972 $145,594,833,997 -
1971 $124,959,712,859 -
1970 $113,656,669,765 -
1969 $100,996,667,239 -
1968 $91,485,448,148 -
1967 $84,401,995,573 -
1966 $76,622,444,787 -
1965 $70,717,012,186 -
1964 $65,720,771,779 -
1963 $60,035,924,618 -
1962 $52,413,872,628 -
1961 $46,649,487,320 -
1960 $42,012,422,612 -

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

GeoRank.org/economy/italy/tajikistan | CC BY

GDP per capita in Italy vs Tajikistan by year

Italy
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Italy Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $43,309 - $1,637 -
2024 $40,430 $62,014 $1,362 $5,406
2023 $39,280 $60,030 $1,178 $4,964
2022 $35,654 $57,261 $1,052 $4,514
2021 $36,853 $49,825 $897 $3,986
2020 $32,091 $44,436 $834 $3,654
2019 $33,813 $46,662 $871 $3,460
2018 $35,062 $43,387 $834 $3,069
2017 $32,844 $42,142 $829 $3,017
2016 $31,392 $40,483 $789 $2,914
2015 $30,640 $37,384 $957 $2,975
2014 $36,028 $36,666 $1,082 $3,152
2013 $35,702 $36,459 $1,028 $2,919
2012 $34,854 $36,281 $952 $2,679
2011 $38,432 $36,392 $834 $2,456
2010 $35,857 $34,974 $737 $2,291
2009 $37,100 $34,502 $665 $2,171
2008 $40,829 $35,422 $703 $2,120
2007 $37,826 $34,108 $517 $1,966
2006 $33,537 $32,454 $401 $1,810
2005 $32,063 $30,138 $334 $1,673
2004 $31,348 $29,581 $306 $1,550
2003 $27,578 $29,249 $233.6 $1,396
2002 $22,451 $28,833 $187 $1,257
2001 $20,570 $28,134 $168.7 $1,139
2000 $20,190 $27,152 $136.9 $1,036
1999 $22,050 $25,655 $175 $947
1998 $22,365 $25,075 $213.7 $905
1997 $21,884 $23,937 $150.1 $855
1996 $23,123 $23,101 $172 $836
1995 $20,712 $22,446 $207 $1,006
1994 $19,382 $21,369 $261.3 $1,148
1993 $18,782 $20,485 $287.6 $1,454
1992 $23,297 $20,196 $338 $1,721
1991 $22,007 $19,596 $458 $2,417
1990 $20,874 $18,680 $487 $2,583
1989 $16,424 - - -
1988 $15,781 - - -
1987 $14,268 - - -
1986 $11,341 - - -
1985 $8,009 - - -
1984 $7,758 - - -
1983 $7,851 - - -
1982 $7,574 - - -
1981 $7,640 - - -
1980 $8,476 - - -
1979 $7,006 - - -
1978 $5,623 - - -
1977 $4,614 - - -
1976 $4,042 - - -
1975 $4,116 - - -
1974 $3,629 - - -
1973 $3,213 - - -
1972 $2,677 - - -
1971 $2,311 - - -
1970 $2,112 - - -
1969 $1,886 - - -
1968 $1,718 - - -
1967 $1,595 - - -
1966 $1,459 - - -
1965 $1,357 - - -
1964 $1,272 - - -
1963 $1,171 - - -
1962 $1,030 - - -
1961 $923 - - -
1960 $837 - - -

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

GeoRank.org/economy/italy/tajikistan | CC BY

Italy's GDP per capita is $43,309, ranking 29/197, compared to $1,637 in Tajikistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Italy ranks 31st at $62,014, while Tajikistan ranks 157th at $5,406.

Economic indicators

Italy Tajikistan
Gross domestic product
$2.55T
2025
$17.7B
2025
GDP rank
9/197
2025
140/197
2025
GDP growth
0.54%
2024-2025
8.4%
2024-2025
GDP per capita
$43,309
2025
$1,637
2025
GDP per capita rank
29/197
2025
163/197
2025
GDP per capita, PPP
$62,014
2024
$5,406
2024
GDP per capita PPP rank
31/197
2024
157/197
2024
Government debt
$3.5T
2025
$3.82B
2025
Debt-to-GDP ratio
137.1%
2025
21.6%
2025
Government debt per person
$59,371
2025
$354
2025
Government debt per person rank
6/185
2025
174/185
2025
Average annual personal income after taxes
$23,424
2026
$1,705
2026
Market capitalization of domestic companies
$587B
2014
n/a
Number of millionaires
1,235,000
2026
n/a
Number of billionaires
89
2026
n/a
Income share by richest 10%
25.8%
2023
28.2%
2024
Income share by poorest 10%
2.3%
2023
2.9%
2024
Government expenditure, % of GDP
51.1%
2025
29.3%
2025
Consumer prices inflation
1.53%
2024-2025
3.4%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
6.1%
2025
0.08%
2016
Population
58708169
11080415

Spending and national debt comparison by year

Italy
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Italy Tajikistan
Government spending Government debt Government spending Government debt
2025 51.1% 137.1% 29.3% 21.6%
2024 50.4% 134.7% 27.2% 24.9%
2023 53.6% 133.9% 28% 29.9%
2022 54.9% 138.4% 27.4% 31.8%
2021 56% 145.8% 27.6% 42%
2020 56.8% 154.4% 29.2% 50.9%
2019 48.4% 133.9% 28.8% 43.2%
2018 48.3% 134.2% 30.9% 46.3%
2017 48.8% 133.7% 33.8% 46.3%
2016 49% 134.2% 32.7% 42.2%
2015 50.2% 134.8% 31.9% 35%
2014 50.7% 134.8% 27.5% 27.9%
2013 50.9% 131.9% 27.7% 29.3%
2012 50.5% 125.9% 24.7% 32.5%
2011 49% 119.1% 24.3% 35.5%
2010 49.8% 118.8% 25.9% 36.8%
2009 51.1% 116.1% 23.6% 36.9%
2008 47.8% 105.8% 20.2% 30.2%
2007 46.6% 103.5% 20.3% 34.3%
2006 47.6% 106.3% 21.6% 36.8%
2005 47.1% 106.2% 22.9% 45.8%
2004 46.7% 104.7% 20.2% 49.4%
2003 47% 105.1% 19.1% 69.8%
2002 46.5% 105.9% 19.1% 98.3%
2001 47.1% 108.5% 17.3% 99.4%
2000 46.4% 108.7% 18.1% 111.4%
1999 47.1% 113.1% 17.5% 107.8%
1998 48% 113.9% 17.1% 96.6%
1997 49.3% 116.5% - -
1996 51.3% 118.9% - -
1995 51.4% 119.1% - -
1994 55.1% 130.8% - -
1993 57.8% 124.1% - -
1992 56.8% 113% - -
1991 55.3% 105.3% - -
1990 54.2% 101.7% - -
1989 51.6% 91.8% - -
1988 50.4% 89.2% - -
1987 49.8% 87.4% - -
1986 50.5% 83.4% - -
1985 49.8% 79.1% - -
1984 49.1% 73.1% - -
1983 48.9% 67.8% - -
1982 46.7% 61.8% - -
1981 44.6% 57.3% - -
1980 40.8% 55.1% - -
1979 40.1% 58.9% - -
1978 40.9% 59.9% - -
1977 38.5% 56% - -
1976 38.1% 57.3% - -
1975 39.1% 57.9% - -
1974 34.8% 50.8% - -
1973 35.3% 51.1% - -
1972 36.4% 48.2% - -
1971 34.4% 42.4% - -
1970 32.3% 37.8% - -
1969 32.1% 37% - -
1968 32.6% 36.4% - -
1967 17.9% 33.3% - -
1966 19.1% 33.4% - -
1965 18.6% 28.4% - -
1964 18.2% 27.2% - -
1963 16.7% 27.2% - -
1962 17.5% 29% - -
1961 17.3% 30% - -
1960 16.5% 31.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/italy/tajikistan | CC BY

In 2025, Italy's government spending was $1.3T, accounting for 51.1% of its GDP, while Tajikistan spent $5.17B, or 29.3% of GDP.

Debt-to-GDP ratio is 137.1% in Italy and 21.6% in Tajikistan, ranking 9/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Italy

Tajikistan
1x
Year Deficit/surplus, % of GDP
Italy Tajikistan
2025 -3.11% -1.79%
2024 -3.35% 0.32%
2023 -7.13% -0.92%
2022 -8.1% -0.23%
2021 -8.88% -0.64%
2020 -9.38% -4.34%
2019 -1.45% -2.04%
2018 -2.19% -2.69%
2017 -2.51% -5.65%
2016 -2.4% -2.91%
2015 -2.46% -1.96%
2014 -2.82% 0.92%
2013 -2.87% -0.73%
2012 -2.99% 0.41%
2011 -3.52% 0.6%
2010 -4.16% -2.71%
2009 -5.06% -0.2%
2008 -2.58% 1.94%
2007 -1.33% 2.13%
2006 -3.61% 2%
2005 -4.1% -2.83%
2004 -3.46% -2.32%
2003 -3.23% -1.74%
2002 -2.88% -2.4%
2001 -3.18% -2.11%
2000 -2.42% -4.51%
1999 -1.77% -4.03%
1998 -2.99% -5.09%
1997 -2.98% -
1996 -6.61% -
1995 -7.2% -
1994 -8.84% -
1993 -9.76% -
1992 -10.1% -
1991 -11.1% -
1990 -11.1% -
1989 -11.4% -
1988 -11% -
1987 -11.5% -
1986 -12% -
1985 -12.4% -
1984 -11.5% -
1983 -10.1% -
1982 -10% -
1981 -10.9% -
1980 -6.97% -
1979 -8.23% -
1978 -8.47% -
1977 -6.96% -
1976 -7.88% -
1975 -10.3% -
1974 -6.24% -
1973 -6.36% -
1972 -6.84% -
1971 -4.71% -
1970 -3.22% -
1969 -2.85% -
1968 -2.55% -
1967 -0.97% -
1966 -1.59% -
1965 -2.67% -
1964 -2.35% -
1963 -0.3% -
1962 -0.95% -
1961 -0.57% -
1960 -0.28% -
1959 -1% -
1958 -0.98% -
1957 -1.09% -
1956 -1.46% -
1955 -2.03% -
1954 -1.84% -
1953 -2.33% -
1952 -4.08% -
1951 -3.86% -
1950 -2.42% -
1949 -2.82% -
1948 -4.58% -
1947 -6.62% -
1946 -9.82% -
1945 -16.9% -
1944 -35.1% -
1943 -16.1% -
1942 -26.9% -
1941 -25.1% -
1940 -24.3% -
1939 -9.49% -
1938 -5.97% -
1937 -5.78% -
1936 -7.93% -
1935 -9.83% -
1934 -2.5% -
1933 -4.85% -
1932 -3.06% -
1931 -2.14% -
1930 -0.55% -
1929 -0.59% -
1928 -2.09% -
1927 -1.71% -
1926 -0.09% -
1925 1.7% -
1924 1.19% -
1923 -3.21% -
1922 -11% -
1921 -7.77% -
1920 -5.89% -
1919 -11.2% -
1918 -22.7% -
1917 -27.6% -
1916 -28.2% -
1915 -25.8% -
1914 -12.4% -
1913 -0.86% -
1912 -1.86% -
1911 -0.63% -
1910 -0.32% -
1909 -0.69% -
1908 -1.31% -
1907 -0.51% -
1906 -0.69% -
1905 -1.57% -
1904 0.58% -
1903 0.32% -
1902 0.48% -
1901 0.36% -
1900 0.28% -
1899 -0.11% -
1898 -0.21% -
1897 0.009% -
1896 -0.43% -
1895 -0.69% -
1894 -0.23% -
1893 -0.49% -
1892 -0.25% -
1891 -1.41% -
1890 -0.32% -
1889 -1.32% -
1888 -2.11% -
1887 -1.94% -
1886 -0.5% -
1885 0.2% -
1884 -1.46% -
1883 -0.51% -
1882 -0.5% -
1881 -0.04% -
1880 0.38% -
1879 0.73% -
1878 0.09% -
1877 -0.009% -
1876 -0.05% -
1875 0.58% -
1874 -0.08% -
1873 0.21% -
1872 0% -
1871 -0.13% -
1870 -0.82% -
1869 0.33% -
1868 -0.79% -
1867 -1.45% -
1866 -3.1% -
1865 -2.72% -
1864 -3.06% -
1863 -4.16% -
1862 -3.96% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1862–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/italy/tajikistan | CC BY

In 2025, Italy's government deficit, the difference between spending and revenue, was $79.4B, equivalent to 3.11% of GDP. This compares to Tajikistan's deficit of $316M, or 1.79% of GDP.

Over the past 28 years, Italy recorded a fiscal deficit in 28 of those years, while Tajikistan ran a deficit in 21 years. On average, Italy posted an annual deficit equal to 3.71% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Italy

Tajikistan
1x
Year Consumer prices inflation
Italy Tajikistan
2025 1.53% 3.4%
2024 0.98% 3.5%
2023 5.62% 3.7%
2022 8.2% 6.6%
2021 1.87% 9%
2020 -0.14% 8.6%
2019 0.61% 7.8%
2018 1.14% 3.8%
2017 1.23% 7.3%
2016 -0.09% 5.9%
2015 0.04% 5.8%
2014 0.24% 6.1%
2013 1.22% 5%
2012 3.04% 5.8%
2011 2.78% 12.4%
2010 1.53% 6.5%
2009 0.77% 6.4%
2008 3.35% 20.4%
2007 1.83% 13.2%
2006 2.09% 10%
2005 1.99% 7.3%
2004 2.21% 7.2%
2003 2.67% 16.4%
2002 2.47% 12.2%
2001 2.79% 38.6%
2000 2.54% 32.9%
1999 1.66% 27.5%
1998 1.96% 43.2%
1997 2.04% 88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/italy/tajikistan | CC BY

Over the past 29 years, Italy has recorded an average annual inflation rate of 2.01%, compared with 14.6% in Tajikistan. In 2025, inflation was 1.53% in Italy and 3.4% in Tajikistan.

Top exports between countries

Italy
Export category Export value
Machinery & equipment $43M
Precious metals & jewellery $5.8M
Chemicals & pharma $5.69M
Textiles & consumer goods $4.32M
Raw materials & minerals $2.54M
Metals $2.4M
Raw agricultural goods $1.35M
Wood & paper products $804K
Miscellaneous $474K
Processed food, beverages & tobacco $282K
Tajikistan
Export category Export value
Textiles & consumer goods $13.5M
Machinery & equipment $623K
Animal & marine products $63K
Metals $62K
Raw materials & minerals $16K
Raw agricultural goods $14K
Chemicals & pharma $4K
Wood & paper products $4K

Balance of trade

Italy Tajikistan
Current account balance
$29.3B
2025
$3.02B
2025
Current account balance ranking
19/190
2025
38/190
2025
Current account balance, % of GDP
+1.15%
2025
+17.1%
2025
Goods imports
$597B
2025
$7.45B
2025
Goods exports
$655B
2025
$1.95B
2025
Service imports
$177B
2025
$1.14B
2025
Service exports
$168B
2025
$168M
2025
Imports of goods and services, % of GDP
30.3%
2025
47.9%
2024
Exports of goods and services, % of GDP
32.2%
2025
11.2%
2024

Economic freedom indices

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

Italy Tajikistan
Economic freedom 63.3 52.5
Economic freedom ranking 80/197 147/197
Property rights 84.8 28.4
Government integrity 60.8 18.5
Judicial effectiveness 80.9 10.1
Tax burden 57.5 94.2
Government spending 15.3 77
Fiscal health 17.2 98.6
Business freedom 74.5 60.6
Labor freedom 70.6 43.4
Monetary freedom 79.1 72.6
Trade freedom 79.4 72.2
Investment freedom 80 25
Financial freedom 60 30

Economic freedom comparison by year

Italy
Tajikistan
1x
Year Economic freedom index
Italy Tajikistan
2026 63.3 52.5
2025 60.9 51.5
2024 60.1 51.3
2023 62.3 50.6
2022 65.4 49.7
2021 64.9 55.2
2020 63.8 52.2
2019 62.2 55.6
2018 62.5 58.3
2017 62.5 58.2
2016 61.2 51.3
2015 61.7 52.7
2014 60.9 52
2013 60.6 53.4
2012 58.8 53.4
2011 60.3 53.5
2010 62.7 53
2009 61.4 54.6
2008 62.6 54.4
2007 62.8 53.6
2006 62 52.6
2005 64.9 50.4
2004 64.2 48.7
2003 64.3 46.5
2002 63.6 47.3
2001 63 46.8
2000 61.9 44.8
1999 61.6 41.2
1998 59.1 41.1
1997 58.1 -
1996 60.8 -
1995 61.2 -

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

GeoRank.org/economy/italy/tajikistan | CC BY

The Economic Freedom Index for Italy is 63.3, ranking 80/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Italy Tajikistan
Services, % of GDP
64.5%
2025
36.5%
2024
Industry, % of GDP
22.6%
2025
32.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.07%
2025
23.1%
2024
GNI, Atlas method
$2.48T
2025
$22.4B
2025
GNI per capita, PPP
$62,870
2025
$8,240
2025
Total reserves including gold
$434B
2025
$4.31B
2025
Total reserves ranking
10/177
2025
109/177
2025
Net foreign direct investment
$22B
2025
$8.2M
2025
Net inflows of foreign direct investment
$28.5B
2024
$291M
2024
Net outflows of foreign direct investment
$45.9B
2024
$101M
2024
Servicing debt to the IMF, % of GNI n/a
3.04%
2024
Poverty at national poverty lines
20.1%
2021
19.8%
2024
Gross capital formation, % of GDP
22.2%
2025
32.4%
2024

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/italy/tajikistan | CC BY

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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 (1862–1989, 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 (2024–2025, 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.