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Economy of Japan vs Lebanon compared: GDP & Debt

Updated on by Georank team

Japan has a GDP of $4.03T compared to $20.1B for Lebanon, ranking 4/197 and 128/197 by economy size, respectively.

Japan has $9.51T in government debt (236.1% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Japan vs Lebanon GDP by year

Japan
Lebanon
1x
Year GDP, current $
Japan Lebanon
2024 $4,027,597,523,551 -
2023 $4,213,167,237,906 $20,078,620,357
2022 $4,262,463,317,797 $20,992,421,949
2021 $5,039,148,168,861 $23,131,941,557
2020 $5,054,068,005,376 $31,712,128,254
2019 $5,117,993,853,017 $51,605,959,131
2018 $5,040,880,939,325 $54,901,519,156
2017 $4,930,837,369,151 $53,027,680,686
2016 $5,003,677,627,544 $51,147,308,774
2015 $4,444,930,651,964 $49,929,337,837
2014 $4,896,994,405,353 $48,095,213,747
2013 $5,212,328,181,166 $46,880,103,081
2012 $6,272,362,996,105 $44,016,799,516
2011 $6,233,147,172,341 $39,927,125,962
2010 $5,759,071,769,013 $38,443,907,042
2009 $5,289,493,117,994 $35,399,582,929
2008 $5,106,679,115,127 $29,118,916,105
2007 $4,579,750,920,355 $24,827,355,015
2006 $4,601,663,122,650 $22,022,709,851
2005 $4,831,467,035,390 $21,497,336,499
2004 $4,893,116,005,657 $21,159,827,992
2003 $4,519,561,645,254 $20,082,918,740
2002 $4,182,846,045,874 $19,152,238,806
2001 $4,374,711,694,091 $17,649,751,244
2000 $4,968,359,075,957 $17,260,364,842
1999 $4,635,982,224,064 $17,391,056,369
1998 $4,098,362,709,531 $17,247,179,006
1997 $4,492,448,605,639 $15,751,867,489
1996 $4,923,391,533,852 $13,690,217,334
1995 $5,545,563,663,890 $11,718,795,529
1994 $4,998,797,547,741 $9,599,127,050
1993 $4,536,940,479,038 $7,941,744,492
1992 $3,980,702,922,118 $5,843,579,161
1991 $3,648,065,760,649 $4,690,415,093
1990 $3,185,904,656,664 $2,838,485,354
1989 $3,109,455,047,824 $2,717,998,688
1988 $3,125,724,434,401 $3,313,540,068
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/lebanon | CC BY

GDP per capita in Japan vs Lebanon by year

Japan
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,487 $52,039 - -
2023 $33,836 $50,662 $3,478 $12,575
2022 $34,066 $47,192 $3,654 $12,293
2021 $40,095 $44,355 $4,045 $11,600
2020 $40,029 $42,426 $5,561 $16,260
2019 $40,416 $42,678 $8,906 $21,710
2018 $39,751 $42,142 $9,175 $21,985
2017 $38,834 $41,444 $8,608 $20,964
2016 $39,375 $40,597 $8,089 $18,941
2015 $34,961 $40,899 $7,714 $17,046
2014 $38,475 $39,555 $7,578 $16,140
2013 $40,899 $39,402 $8,162 $16,316
2012 $49,145 $37,606 $8,407 $16,121
2011 $48,760 $36,214 $7,835 $14,975
2010 $44,968 $35,336 $7,626 $14,704
2009 $41,309 $33,543 $7,091 $13,586
2008 $39,876 $35,274 $5,912 $12,416
2007 $35,779 $35,015 $5,125 $11,356
2006 $35,992 $33,632 $4,635 $10,312
2005 $37,813 $32,170 $4,602 $10,020
2004 $38,299 $30,832 $4,601 $9,609
2003 $35,387 $29,392 $4,438 $8,914
2002 $32,821 $28,624 $4,291 $8,586
2001 $34,406 $27,943 $4,010 $8,289
2000 $39,169 $27,288 $3,987 $7,938
1999 $36,610 $25,736 $4,087 $7,793
1998 $32,424 $25,508 $4,125 $7,861
1997 $35,638 $25,619 $3,834 $7,632
1996 $39,150 $24,999 $3,393 $7,560
1995 $44,198 $23,858 $2,959 $6,796
1994 $39,934 $22,823 $2,468 $6,367
1993 $36,345 $22,168 $2,079 $5,871
1992 $31,993 $21,825 $1,559 $5,279
1991 $29,428 $21,227 $1,278 $4,527
1990 $25,801 $19,912 $790 $2,990
1989 $25,266 - $771 -
1988 $25,500 - $959 -
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/lebanon | CC BY

Japan's GDP per capita is $32,487, ranking 38/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Lebanon ranks 123rd at $12,575.

Economic indicators

Japan Lebanon
Gross domestic product
$4.03T
2024
$20.1B
2023
GDP rank
4/197
2024
128/197
2023
GDP growth
0.1%
2023-2024
-0.76%
2022-2023
GDP per capita
$32,487
2024
$3,478
2023
GDP per capita rank
38/197
2024
135/197
2023
GDP per capita, PPP
$52,039
2024
$12,575
2023
GDP per capita PPP rank
41/197
2024
123/197
2023
Government debt
$9.51T
2024
$38.7B
2023
Debt-to-GDP ratio
236.1%
2024
163.8%
2024
Government debt per person
$76,704
2024
$6,704
2023
Government debt per person rank
3/185
2024
70/185
2023
Average annual personal income after taxes
$23,653
2026
$3,560
2026
Market capitalization of domestic companies
$6.31T
2024
$10.6B
2021
Number of millionaires
2,732,000
2025
n/a
Number of billionaires
42
2025
6
2025
Income share by richest 10%
23.9%
2020
25.1%
2022
Income share by poorest 10%
2.4%
2020
2.8%
2022
Government expenditure, % of GDP
39.1%
2024
16.5%
2024
Consumer prices inflation
2.74%
2023-2024
45.2%
2023-2024
Central bank interest rate
0.75%
2025
20%
2023
Unemployment rate
2.54%
2024
11.3%
2019
Population
122677250
5906622

Spending and national debt comparison by year

Japan
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Japan Lebanon
Government spending Government debt Government spending Government debt
2024 39.1% 236.1% 16.5% 163.8%
2023 39.2% 240.5% 14.9% 192.8%
2022 41.8% 248.2% 13.4% 244.6%
2021 42.5% 253.7% 10.9% 358%
2020 44.5% 258.4% 23.2% 148.7%
2019 37.3% 236.4% 31.3% 172.1%
2018 36.7% 232.4% 32.3% 155.1%
2017 36.7% 231.3% 30.6% 150%
2016 37.2% 232.4% 28.3% 146.4%
2015 37.3% 228.3% 26.7% 140.8%
2014 38.4% 233.3% 28.8% 138.4%
2013 38.8% 229.5% 28.9% 135.4%
2012 38.6% 226.1% 30.2% 131.1%
2011 38.6% 219.2% 28.8% 134.4%
2010 37.7% 205.9% 29.2% 136.8%
2009 38.7% 198.8% 32.1% 144.5%
2008 34.1% 180.9% 34.3% 161.5%
2007 33.1% 173% 35.2% 169.3%
2006 33.1% 174.1% 36.1% 183.3%
2005 33.5% 174.6% 31.4% 178.9%
2004 33.7% 169.5% 33.3% 169.5%
2003 35% 160% 36.4% 171.3%
2002 35.4% 154.1% 36.8% 163.1%
2001 35.2% 145.1% 38.9% 163.1%
2000 36% 135.6% 42.8% 148.1%
1999 35.6% 129.5% 35.6% 130.2%
1998 38.6% 116% 34.7% 108.2%
1997 33.1% 105% 40.5% 100.2%
1996 33.8% 98.1% 43.6% 101.2%
1995 33.4% 92.5% 31.1% 79.6%
1994 32.8% 84.4% 47.3% 71.5%
1993 32.1% 72.8% 23% 50.5%
1992 30.3% 66.8% 36.1% 51.7%
1991 29.3% 62.4% 35.6% 67.1%
1990 29.5% 63.2% 40% 99.7%
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 (1960–1999, retrieved 2026-02-20).

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

In 2024, Japan's government spending was $1.57T, accounting for 39.1% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 236.1% in Japan and 163.8% in Lebanon, ranking 3/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Lebanon
1x
Year Deficit/surplus, % of GDP
Japan Lebanon
2024 -1.53% -0.19%
2023 -2.26% -1.7%
2022 -4.21% -7.77%
2021 -6.13% -2.67%
2020 -9.08% -7.37%
2019 -3.04% -10.5%
2018 -2.47% -11.3%
2017 -3.1% -8.65%
2016 -3.6% -8.88%
2015 -3.68% -7.48%
2014 -5.62% -6.22%
2013 -7.61% -8.82%
2012 -8.2% -8.43%
2011 -8.99% -5.94%
2010 -9.08% -7.47%
2009 -9.69% -8.1%
2008 -4.11% -9.86%
2007 -2.9% -10.9%
2006 -3.03% -10.6%
2005 -4.44% -8.57%
2004 -5.31% -9.83%
2003 -7.43% -14%
2002 -7.34% -16.2%
2001 -6.2% -21%
2000 -7.28% -23.9%
1999 -6.75% -16.7%
1998 -10% -17.3%
1997 -3.53% -24.5%
1996 -4.87% -25.7%
1995 -4.3% -13.6%
1994 -3.76% -29.1%
1993 -2.39% -7.19%
1992 0.57% -24%
1991 1.67% -19.5%
1990 1.96% -30.2%
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/lebanon | CC BY

In 2023, Japan's government deficit, the difference between spending and revenue, was $95.2B, equivalent to 2.26% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 34 years, Japan recorded a fiscal deficit in 31 of those years, while Lebanon ran a deficit in 34 years. On average, Japan posted an annual deficit equal to 4.89% of GDP, compared to deficit of 13.1% of GDP for Lebanon.

Inflation comparison by year

Inflation
Japan

Lebanon
1x
Year Consumer prices inflation
Japan Lebanon
2024 2.74% 45.2%
2023 3.27% 221.3%
2022 2.5% 171.2%
2021 -0.23% 154.8%
2020 -0.02% 84.9%
2019 0.47% 2.9%
2018 0.99% 6.1%
2017 0.48% 4.5%
2016 -0.13% -0.8%
2015 0.8% -3.8%
2014 2.76% 1.1%
2013 0.34% 5.6%
2012 -0.04% 6.6%
2011 -0.27% 5%
2010 -0.73% 4%
2009 -1.35% 1.2%
2008 1.38% 10.7%
2007 0.06% 4.1%
2006 0.25% 4.1%
2005 -0.28% -1.4%
2004 -0.009% 1.7%
2003 -0.26% 1.3%
2002 -0.92% 1.8%
2001 -0.74% -0.4%
2000 -0.68% -0.4%
1999 -0.34% 0.2%
1998 0.66% 4.5%
1997 1.75% 7.7%

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/lebanon | CC BY

Over the past 28 years, Japan has recorded an average annual inflation rate of 0.44%, compared with 26.6% in Lebanon. In 2024, inflation was 2.74% in Japan and 45.2% in Lebanon.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $293M
Miscellaneous $8.72M
Raw materials & minerals $4.07M
Metals $3.42M
Chemicals & pharma $3.38M
Processed food, beverages & tobacco $1.77M
Wood & paper products $1.39M
Textiles & consumer goods $706K
Precious metals & jewellery $597K
Raw agricultural goods $474K
Lebanon
Export category Export value
Metals $708K
Processed food, beverages & tobacco $279K
Machinery & equipment $184K
Precious metals & jewellery $142K
Textiles & consumer goods $67K
Wood & paper products $31K
Raw materials & minerals $6K
Chemicals & pharma $3K
Miscellaneous $3K
Animal & marine products $2K

Balance of trade

Japan Lebanon
Current account balance
$194B
2024
-$5.64B
2023
Current account balance ranking
3/190
2024
168/190
2023
Current account balance, % of GDP
+4.82%
2024
-28.1%
2023
Goods imports
$719B
2024
$16.7B
2023
Goods exports
$694B
2024
$3.85B
2023
Service imports
$246B
2024
$6.63B
2023
Service exports
$228B
2024
$7.92B
2023
Imports of goods and services, % of GDP
23.6%
2024
73.7%
2023
Exports of goods and services, % of GDP
22.8%
2024
30.6%
2023

Economic freedom indices

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

Japan Lebanon
Economic freedom 70.3 43.1
Economic freedom ranking 36/197 183/197
Property rights 94.2 21.8
Government integrity 81.1 23.4
Judicial effectiveness 97.9 23.8
Tax burden 63 90.3
Government spending 52 93.3
Fiscal health 41.7 63.4
Business freedom 77.8 47.6
Labor freedom 65.9 48.4
Monetary freedom 74.3 0
Trade freedom 76.2 65.6
Investment freedom 60 20
Financial freedom 60 20

Economic freedom comparison by year

Japan
Lebanon
1x
Year Economic freedom index
Japan Lebanon
2026 70.3 43.1
2025 70.2 44.1
2024 67.5 48.3
2023 69.3 45.6
2022 69.9 47.3
2021 74.1 51.4
2020 73.3 51.7
2019 72.1 51.1
2018 72.3 53.2
2017 69.6 53.3
2016 73.1 59.5
2015 73.3 59.3
2014 72.4 59.4
2013 71.8 59.5
2012 71.6 60.1
2011 72.8 60.1
2010 72.9 59.5
2009 72.8 58.1
2008 73 60
2007 72.7 60.4
2006 73.3 57.5
2005 67.3 57.2
2004 64.3 56.9
2003 67.6 56.7
2002 66.7 57.1
2001 70.9 61
2000 70.7 56.1
1999 69.1 59.1
1998 70.2 59
1997 70.3 63.9
1996 72.6 63.2
1995 75 -

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

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

The Economic Freedom Index for Japan is 70.3, ranking 36/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Japan Lebanon
Services, % of GDP
69.8%
2023
42.4%
2023
Industry, % of GDP
28.6%
2023
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
0.94%
2023
0.97%
2023
GNI, Atlas method
$4.46T
2024
$21.4B
2023
GNI per capita, PPP
$55,490
2024
$12,420
2023
Total reserves including gold
$1.23T
2024
$33.3B
2024
Total reserves ranking
2/177
2024
54/177
2024
Net foreign direct investment
$191B
2024
-$583M
2023
Net inflows of foreign direct investment
$16.2B
2024
$1.84B
2024
Net outflows of foreign direct investment
$203B
2024
$391M
2024
Servicing debt to the IMF, % of GNI n/a
22%
2023
Poverty at national poverty lines
16.1%
2020
27.4%
2012
Gross capital formation, % of GDP
26.2%
2024
1.9%
2023

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/lebanon | 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 (1875–1999, 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)
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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.