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Economy of Japan vs Kazakhstan compared: GDP & Debt

Updated on by Georank team

Japan has a GDP of $4.03T compared to $291B for Kazakhstan, ranking 4/197 and 48/197 by economy size, respectively.

Japan has $9.51T in government debt (236.1% of GDP), compared to $71.1B (24.4% of GDP) in Kazakhstan.

Japan vs Kazakhstan GDP by year

Japan
Kazakhstan
1x
Year GDP, current $
Japan Kazakhstan
2024 $4,027,597,523,551 $291,480,274,649
2023 $4,213,167,237,906 $261,840,101,060
2022 $4,262,463,317,797 $225,496,328,925
2021 $5,039,148,168,861 $197,112,255,361
2020 $5,054,068,005,376 $171,082,365,861
2019 $5,117,993,853,017 $181,667,184,855
2018 $5,040,880,939,325 $179,339,977,690
2017 $4,930,837,369,151 $166,805,788,827
2016 $5,003,677,627,544 $137,278,320,084
2015 $4,444,930,651,964 $184,388,404,706
2014 $4,896,994,405,353 $221,415,613,595
2013 $5,212,328,181,166 $236,634,603,409
2012 $6,272,362,996,105 $207,998,568,866
2011 $6,233,147,172,341 $192,626,464,617
2010 $5,759,071,769,013 $148,047,348,241
2009 $5,289,493,117,994 $115,308,686,941
2008 $5,106,679,115,127 $133,441,648,852
2007 $4,579,750,920,355 $104,849,915,058
2006 $4,601,663,122,650 $81,003,864,630
2005 $4,831,467,035,390 $57,123,671,734
2004 $4,893,116,005,657 $43,151,647,003
2003 $4,519,561,645,254 $30,833,692,900
2002 $4,182,846,045,874 $24,636,598,527
2001 $4,374,711,694,091 $22,152,689,180
2000 $4,968,359,075,957 $18,291,990,662
1999 $4,635,982,224,064 $16,870,817,182
1998 $4,098,362,709,531 $22,135,245,507
1997 $4,492,448,605,639 $22,165,932,063
1996 $4,923,391,533,852 $21,035,357,937
1995 $5,545,563,663,890 $20,374,302,652
1994 $4,998,797,547,741 $21,250,792,886
1993 $4,536,940,479,038 $23,409,260,880
1992 $3,980,702,922,118 $24,917,355,372
1991 $3,648,065,760,649 $24,923,076,923
1990 $3,185,904,656,664 $26,932,016,270
1989 $3,109,455,047,824 -
1988 $3,125,724,434,401 -
1987 $2,580,748,422,781 -
1986 $2,120,083,812,110 -
1985 $1,427,019,759,717 -
1984 $1,345,824,500,837 -
1983 $1,270,859,919,743 -
1982 $1,158,731,426,906 -
1981 $1,245,221,410,764 -
1980 $1,129,377,244,854 -
1979 $1,077,910,077,676 -
1978 $1,035,611,588,217 -
1977 $737,069,290,928 -
1976 $598,883,902,156 -
1975 $532,861,438,885 -
1974 $490,035,789,970 -
1973 $441,460,582,536 -
1972 $324,933,841,269 -
1971 $245,364,056,622 -
1970 $217,223,652,719 -
1969 $184,298,841,305 -
1968 $156,897,496,759 -
1967 $132,475,614,227 -
1966 $113,046,784,179 -
1965 $97,338,107,606 -
1964 $87,490,590,818 -
1963 $74,379,284,603 -
1962 $64,987,857,542 -
1961 $57,266,758,180 -
1960 $47,419,238,274 -

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

GeoRank.org/economy/japan/kazakhstan | CC BY

GDP per capita in Japan vs Kazakhstan by year

Japan
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,487 $52,039 $14,155 $40,891
2023 $33,836 $50,662 $12,879 $38,515
2022 $34,066 $47,192 $11,255 $35,895
2021 $40,095 $44,355 $9,984 $32,946
2020 $40,029 $42,426 $8,782 $29,040
2019 $40,416 $42,678 $9,457 $28,689
2018 $39,751 $42,142 $9,472 $25,096
2017 $38,834 $41,444 $8,943 $23,973
2016 $39,375 $40,597 $7,476 $23,023
2015 $34,961 $40,899 $10,196 $22,484
2014 $38,475 $39,555 $12,428 $23,958
2013 $40,899 $39,402 $13,478 $23,754
2012 $49,145 $37,606 $12,019 $21,367
2011 $48,760 $36,214 $11,287 $20,160
2010 $44,968 $35,336 $8,793 $18,642
2009 $41,309 $33,543 $6,938 $17,389
2008 $39,876 $35,274 $8,124 $17,278
2007 $35,779 $35,015 $6,449 $16,581
2006 $35,992 $33,632 $5,030 $14,966
2005 $37,813 $32,170 $3,577 $13,226
2004 $38,299 $30,832 $2,722 $11,777
2003 $35,387 $29,392 $1,958 $10,532
2002 $32,821 $28,624 $1,574 $9,504
2001 $34,406 $27,943 $1,422 $8,568
2000 $39,169 $27,288 $1,180 $7,418
1999 $36,610 $25,736 $1,092 $6,626
1998 $32,424 $25,508 $1,415 $6,284
1997 $35,638 $25,619 $1,382 $6,178
1996 $39,150 $24,999 $1,281 $5,836
1995 $44,198 $23,858 $1,218 $5,595
1994 $39,934 $22,823 $1,247 $5,860
1993 $36,345 $22,168 $1,355 $6,477
1992 $31,993 $21,825 $1,438 $6,945
1991 $29,428 $21,227 $1,442 $7,193
1990 $25,801 $19,912 $1,570 $7,874
1989 $25,266 - - -
1988 $25,500 - - -
1987 $21,142 - - -
1986 $17,452 - - -
1985 $11,809 - - -
1984 $11,207 - - -
1983 $10,652 - - -
1982 $9,780 - - -
1981 $10,583 - - -
1980 $9,669 - - -
1979 $9,301 - - -
1978 $9,012 - - -
1977 $6,473 - - -
1976 $5,310 - - -
1975 $4,776 - - -
1974 $4,448 - - -
1973 $4,061 - - -
1972 $3,031 - - -
1971 $2,321 - - -
1970 $2,101 - - -
1969 $1,803 - - -
1968 $1,553 - - -
1967 $1,326 - - -
1966 $1,144 - - -
1965 $994 - - -
1964 $903 - - -
1963 $776 - - -
1962 $685 - - -
1961 $609 - - -
1960 $509 - - -

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

GeoRank.org/economy/japan/kazakhstan | CC BY

Japan's GDP per capita is $32,487, ranking 38/197, compared to $14,155 in Kazakhstan, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Japan Kazakhstan
Gross domestic product
$4.03T
2024
$291B
2024
GDP rank
4/197
2024
48/197
2024
GDP growth
0.1%
2023-2024
5%
2023-2024
GDP per capita
$32,487
2024
$14,155
2024
GDP per capita rank
38/197
2024
71/197
2024
GDP per capita, PPP
$52,039
2024
$40,891
2024
GDP per capita PPP rank
41/197
2024
58/197
2024
Government debt
$9.51T
2024
$71.1B
2024
Debt-to-GDP ratio
236.1%
2024
24.4%
2024
Government debt per person
$76,704
2024
$3,450
2024
Government debt per person rank
3/185
2024
95/185
2024
Average annual personal income after taxes
$23,653
2026
$7,486
2026
Market capitalization of domestic companies
$6.31T
2024
$62.8B
2024
Number of millionaires
2,732,000
2025
44,307
2025
Number of billionaires
42
2025
6
2025
Income share by richest 10%
23.9%
2020
24.8%
2021
Income share by poorest 10%
2.4%
2020
4.3%
2021
Government expenditure, % of GDP
39.1%
2024
20.7%
2024
Consumer prices inflation
2.74%
2023-2024
8.7%
2023-2024
Central bank interest rate
0.75%
2025
18%
2025
Unemployment rate
2.54%
2024
4.86%
2022
Population
122677250
21161809

Spending and national debt comparison by year

Japan
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Japan Kazakhstan
Government spending Government debt Government spending Government debt
2024 39.1% 236.1% 20.7% 24.4%
2023 39.2% 240.5% 23.4% 23%
2022 41.8% 248.2% 21.7% 23.5%
2021 42.5% 253.7% 22.1% 25.1%
2020 44.5% 258.4% 24.5% 26.4%
2019 37.3% 236.4% 20.2% 19.9%
2018 36.7% 232.4% 18.8% 20.3%
2017 36.7% 231.3% 24.1% 19.9%
2016 37.2% 232.4% 21.5% 19.7%
2015 37.3% 228.3% 22.9% 21.9%
2014 38.4% 233.3% 21.3% 14.5%
2013 38.8% 229.5% 19.8% 12.6%
2012 38.6% 226.1% 21.9% 12.1%
2011 38.6% 219.2% 21.2% 10.2%
2010 37.7% 205.9% 22.5% 10.7%
2009 38.7% 198.8% 23.5% 10.2%
2008 34.1% 180.9% 27.1% 6.77%
2007 33.1% 173% 23.7% 4.09%
2006 33.1% 174.1% 19.8% 6.68%
2005 33.5% 174.6% 22% 8.1%
2004 33.7% 169.5% 21.3% 11.4%
2003 35% 160% 21.4% 15%
2002 35.4% 154.1% 20.5% 17.6%
2001 35.2% 145.1% - -
2000 36% 135.6% - -
1999 35.6% 129.5% - -
1998 38.6% 116% - -
1997 33.1% 105% - -
1996 33.8% 98.1% - -
1995 33.4% 92.5% - -
1994 32.8% 84.4% - -
1993 32.1% 72.8% - -
1992 30.3% 66.8% - -
1991 29.3% 62.4% - -
1990 29.5% 63.2% - -
1989 29.2% 65.7% - -
1988 29.9% 71.9% - -
1987 30.6% 75.8% - -
1986 30.4% 74.1% - -
1985 30.4% 68.3% - -
1984 31.2% 65.6% - -
1983 31.8% 63.5% - -
1982 31.7% 57.7% - -
1981 31.5% 52.8% - -
1980 33.5% 47.8% - -
1979 33.2% 43.8% - -
1978 32.1% 39% - -
1977 30.4% 31.1% - -
1976 29.1% 26.1% - -
1975 28.5% 20.9% - -
1974 25.5% 16.7% - -
1973 23.3% 15.9% - -
1972 23.1% 16.3% - -
1971 21.8% 12.6% - -
1970 20.2% 11.2% - -
1969 19.8% 11.4% - -
1968 20.1% 11.8% - -
1967 19.9% 11.4% - -
1966 20.8% 11.2% - -
1965 20.4% 9.78% - -
1964 19.8% 8.53% - -
1963 20% 8.66% - -
1962 19.4% 9.01% - -
1961 18.2% 8.44% - -
1960 18.4% 10.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/japan/kazakhstan | CC BY

In 2024, Japan's government spending was $1.57T, accounting for 39.1% of its GDP, while Kazakhstan spent $60.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 236.1% in Japan and 24.4% in Kazakhstan, ranking 3/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Japan Kazakhstan
2024 -1.53% -1.6%
2023 -2.26% -1.52%
2022 -4.21% 0.11%
2021 -6.13% -4.97%
2020 -9.08% -7.04%
2019 -3.04% -0.57%
2018 -2.47% 2.58%
2017 -3.1% -4.27%
2016 -3.6% -4.5%
2015 -3.68% -6.26%
2014 -5.62% 2.48%
2013 -7.61% 4.95%
2012 -8.2% 4.43%
2011 -8.99% 5.81%
2010 -9.08% 1.47%
2009 -9.69% -1.33%
2008 -4.11% 1.23%
2007 -2.9% 5.13%
2006 -3.03% 7.65%
2005 -4.44% 6.08%
2004 -5.31% 3.29%
2003 -7.43% 4%
2002 -7.34% 1.92%
2001 -6.2% -
2000 -7.28% -
1999 -6.75% -
1998 -10% -
1997 -3.53% -
1996 -4.87% -
1995 -4.3% -
1994 -3.76% -
1993 -2.39% -
1992 0.57% -
1991 1.67% -
1990 1.96% -
1989 1.23% -
1988 0.49% -
1987 -0.36% -
1986 -1.36% -
1985 -1.37% -
1984 -2.62% -
1983 -3.95% -
1982 -3.81% -
1981 -3.85% -
1980 -4.66% -
1979 -5% -
1978 -5.79% -
1977 -4.02% -
1976 -3.89% -
1975 -2.92% -
1974 0.38% -
1973 0.56% -
1972 -0.13% -
1971 1.21% -
1970 1.74% -
1969 1.26% -
1968 0.88% -
1967 0.8% -
1966 -0.34% -
1965 0.48% -
1964 0.85% -
1963 1.08% -
1962 1.49% -
1961 2.58% -
1960 1.85% -
1959 0.97% -
1958 -0.1% -
1957 1.27% -
1956 1.39% -
1955 -0.67% -
1954 0.7% -
1953 1.65% -
1952 2.22% -
1951 5.06% -
1950 6.99% -
1949 12.5% -
1948 7.53% -
1947 6.09% -
1946 - -
1945 - -
1944 - -
1943 0.32% -
1942 -0.13% -
1941 -0.19% -
1940 0.31% -
1939 0.11% -
1938 0.45% -
1937 0.71% -
1936 0.34% -
1935 0.26% -
1934 0.34% -
1933 0.28% -
1932 0.31% -
1931 0.23% -
1930 0.19% -
1929 0.5% -
1928 0.42% -
1927 0.58% -
1926 0.65% -
1925 0.75% -
1924 0.84% -
1923 0.87% -
1922 0.89% -
1921 1.43% -
1920 1.19% -
1919 1.21% -
1918 1.58% -
1917 1.54% -
1916 1.37% -
1915 1.41% -
1914 1.31% -
1913 1.21% -
1912 1.27% -
1911 1.21% -
1910 1.57% -
1909 1.51% -
1908 1.63% -
1907 1.77% -
1906 0.46% -
1905 -0.68% -
1904 -0.81% -
1903 0.19% -
1902 0.44% -
1901 0.21% -
1900 0.53% -
1899 0.2% -
1898 0.6% -
1897 0.33% -
1896 0.88% -
1895 0.28% -
1894 -0.24% -
1893 0.6% -
1892 0.63% -
1891 0.61% -
1890 0.74% -
1889 0.18% -
1888 0.13% -
1887 0.11% -
1886 0.03% -
1885 0.01% -
1884 0.001% -
1883 0.03% -
1882 0.001% -
1881 0.001% -
1880 0.004% -
1879 0.02% -
1878 0.02% -
1877 -0.29% -
1876 -0.42% -
1875 0.005% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/japan/kazakhstan | CC BY

In 2024, Japan's government deficit, the difference between spending and revenue, was $61.6B, equivalent to 1.53% of GDP. This compares to Kazakhstan's deficit of $4.66B, or 1.6% of GDP.

Over the past 23 years, Japan recorded a fiscal deficit in 23 of those years, while Kazakhstan ran a deficit in 9 years. On average, Japan posted an annual deficit equal to 5.34% of GDP, compared to surplus of 0.83% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Japan

Kazakhstan
1x
Year Consumer prices inflation
Japan Kazakhstan
2024 2.74% 8.7%
2023 3.27% 14.5%
2022 2.5% 15%
2021 -0.23% 8%
2020 -0.02% 6.8%
2019 0.47% 5.3%
2018 0.99% 6%
2017 0.48% 7.5%
2016 -0.13% 14.6%
2015 0.8% 6.8%
2014 2.76% 6.6%
2013 0.34% 5.8%
2012 -0.04% 5.1%
2011 -0.27% 8.4%
2010 -0.73% 7.1%
2009 -1.35% 7.3%
2008 1.38% 17.2%
2007 0.06% 10.8%
2006 0.25% 8.6%
2005 -0.28% 7.4%
2004 -0.009% 7%
2003 -0.26% 6.4%
2002 -0.92% 6%
2001 -0.74% 8.4%
2000 -0.68% 13.2%
1999 -0.34% 8.3%
1998 0.66% 7.1%
1997 1.75% 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/japan/kazakhstan | CC BY

Over the past 28 years, Japan has recorded an average annual inflation rate of 0.44%, compared with 8.98% in Kazakhstan. In 2024, inflation was 2.74% in Japan and 8.7% in Kazakhstan.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $787M
Raw materials & minerals $67M
Miscellaneous $19.7M
Metals $14.8M
Textiles & consumer goods $12.9M
Chemicals & pharma $10M
Wood & paper products $4.78M
Processed food, beverages & tobacco $3.74M
Precious metals & jewellery $1.95M
Raw agricultural goods $373K
Kazakhstan
Export category Export value
Metals $503M
Raw materials & minerals $81.5M
Raw agricultural goods $1.58M
Machinery & equipment $757K
Textiles & consumer goods $417K
Processed food, beverages & tobacco $238K
Chemicals & pharma $29K
Animal & marine products $10K
Miscellaneous $10K
Wood & paper products $2K

Balance of trade

Japan Kazakhstan
Current account balance
$194B
2024
-$7.94B
2024
Current account balance ranking
3/190
2024
173/190
2024
Current account balance, % of GDP
+4.82%
2024
-2.72%
2024
Goods imports
$719B
2024
$61.8B
2024
Goods exports
$694B
2024
$79B
2024
Service imports
$246B
2024
$13B
2024
Service exports
$228B
2024
$11.8B
2024
Imports of goods and services, % of GDP
23.6%
2024
25.6%
2024
Exports of goods and services, % of GDP
22.8%
2024
31.6%
2024

Economic freedom indices

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

Japan Kazakhstan
Economic freedom 70.3 64.2
Economic freedom ranking 36/197 75/197
Property rights 94.2 54.9
Government integrity 81.1 40.7
Judicial effectiveness 97.9 33.8
Tax burden 63 91.2
Government spending 52 85.6
Fiscal health 41.7 97.2
Business freedom 77.8 64.9
Labor freedom 65.9 63.5
Monetary freedom 74.3 64.3
Trade freedom 76.2 74.4
Investment freedom 60 50
Financial freedom 60 50

Economic freedom comparison by year

Japan
Kazakhstan
1x
Year Economic freedom index
Japan Kazakhstan
2026 70.3 64.2
2025 70.2 63.8
2024 67.5 62
2023 69.3 62.1
2022 69.9 64.4
2021 74.1 71.1
2020 73.3 69.6
2019 72.1 65.4
2018 72.3 69.1
2017 69.6 69
2016 73.1 63.6
2015 73.3 63.3
2014 72.4 63.7
2013 71.8 63
2012 71.6 63.6
2011 72.8 62.1
2010 72.9 61
2009 72.8 60.1
2008 73 61.1
2007 72.7 59.6
2006 73.3 60.2
2005 67.3 53.9
2004 64.3 49.7
2003 67.6 52.3
2002 66.7 52.4
2001 70.9 51.8
2000 70.7 50.4
1999 69.1 47.3
1998 70.2 41.7
1997 70.3 -
1996 72.6 -
1995 75 -

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

GeoRank.org/economy/japan/kazakhstan | CC BY

The Economic Freedom Index for Japan is 70.3, ranking 36/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Japan Kazakhstan
Services, % of GDP
69.8%
2023
57.9%
2024
Industry, % of GDP
28.6%
2023
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.94%
2023
3.88%
2024
GNI, Atlas method
$4.46T
2024
$249B
2024
GNI per capita, PPP
$55,490
2024
$37,590
2024
Total reserves including gold
$1.23T
2024
$45.8B
2024
Total reserves ranking
2/177
2024
43/177
2024
Net foreign direct investment
$191B
2024
-$3.9B
2024
Net inflows of foreign direct investment
$16.2B
2024
$1.98B
2024
Net outflows of foreign direct investment
$203B
2024
-$1.92B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
16.1%
2020
5%
2024
Gross capital formation, % of GDP
26.2%
2024
27.2%
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/japan/kazakhstan | 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 (1875–1989, 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 (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.