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Economy of Japan vs Lesotho compared: GDP & Debt

Updated on by Georank

Japan has a GDP of $4.44T compared to $2.57B for Lesotho, ranking 4/197 and 175/197 by economy size, respectively.

Japan has $9.16T in government debt (206.5% of GDP), compared to $1.26B (49.1% of GDP) in Lesotho.

Japan vs Lesotho GDP by year

Japan
Lesotho
1x
Year GDP, current $
Japan Lesotho
2025 $4,435,162,999,977 $2,573,572,920
2024 $4,190,008,188,359 $2,391,282,548
2023 $4,384,854,269,962 $2,129,871,530
2022 $4,447,976,207,315 $2,354,980,960
2021 $5,225,933,520,753 $2,412,130,057
2020 $5,189,197,543,645 $2,053,699,864
2019 $5,245,755,000,479 $2,390,702,296
2018 $5,154,293,721,630 $2,556,247,292
2017 $5,038,231,631,661 $2,306,741,672
2016 $5,110,357,383,254 $2,114,426,452
2015 $4,534,438,580,495 $2,359,686,725
2014 $4,985,763,289,561 $2,441,063,054
2013 $5,272,297,037,397 $2,367,112,932
2012 $6,333,803,928,788 $2,477,702,216
2011 $6,279,422,550,219 $2,579,409,620
2010 $5,811,578,109,447 $2,234,754,242
2009 $5,336,765,697,589 $1,740,894,965
2008 $5,160,197,175,876 $1,766,902,709
2007 $4,624,670,179,655 $1,682,131,785
2006 $4,648,058,930,707 $1,800,092,564
2005 $4,875,648,486,366 $1,682,343,527
2004 $4,941,485,123,807 $1,511,236,656
2003 $4,573,413,206,709 $1,157,825,435
2002 $4,245,946,980,572 $775,777,239
2001 $4,438,792,748,062 $825,706,961
2000 $5,042,381,838,343 $887,291,688
1999 $4,688,983,449,627 $912,773,681
1998 $4,150,359,076,370 $928,460,893
1997 $4,579,780,793,432 $998,004,259
1996 $5,021,441,618,840 $946,112,493
1995 $5,639,649,753,986 $1,001,894,000
1994 $5,104,063,486,348 $878,250,945
1993 $4,632,480,515,091 $835,582,062
1992 $4,064,529,567,505 $831,029,862
1991 $3,724,887,648,862 $704,325,367
1990 $3,252,994,239,867 $596,410,264
1989 $3,174,934,735,896 $495,409,233
1988 $3,191,546,727,316 $470,395,801
1987 $2,635,094,473,494 $402,768,324
1986 $2,164,729,071,349 $318,858,423
1985 $1,457,070,301,468 $268,629,926
1984 $1,374,165,212,365 $333,163,670
1983 $1,297,622,008,229 $386,699,309
1982 $1,183,132,285,328 $348,741,684
1981 $1,271,443,597,067 $434,188,034
1980 $1,153,159,955,513 $431,542,537
1979 $1,100,608,979,757 $290,134,593
1978 $1,057,419,758,047 $266,570,067
1977 $752,590,681,822 $193,315,048
1976 $611,495,350,304 $147,660,037
1975 $544,082,569,364 $149,558,896
1974 $500,355,087,138 $150,851,317
1973 $450,756,970,744 $121,188,716
1972 $331,776,379,992 $80,913,200
1971 $250,530,994,765 $76,480,285
1970 $221,798,003,144 $68,739,973
1969 $188,179,852,753 $65,967,974
1968 $160,201,483,788 $61,445,975
1967 $135,265,319,098 $59,261,976
1966 $115,427,351,851 $56,699,977
1965 $99,387,878,008 $54,879,978
1964 $89,332,989,729 $51,939,979
1963 $75,945,582,324 $47,039,981
1962 $66,356,388,224 $41,859,983
1961 $58,472,696,006 $35,699,986
1960 $48,417,804,545 $34,579,986

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

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

GDP per capita in Japan vs Lesotho by year

Japan
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,951 - $1,089 -
2024 $33,797 $52,039 $1,023 $3,001
2023 $35,215 $50,662 $921 $2,881
2022 $35,548 $47,192 $1,030 $2,761
2021 $41,581 $44,355 $1,067 $2,545
2020 $41,099 $42,426 $919 $2,559
2019 $41,425 $42,678 $1,082 $2,568
2018 $40,645 $42,142 $1,171 $2,632
2017 $39,680 $41,444 $1,069 $2,619
2016 $40,215 $40,597 $992 $2,942
2015 $35,665 $40,899 $1,121 $3,035
2014 $39,173 $39,555 $1,174 $2,771
2013 $41,369 $39,402 $1,151 $2,538
2012 $49,627 $37,606 $1,218 $2,291
2011 $49,122 $36,214 $1,281 $2,279
2010 $45,378 $35,336 $1,119 $2,153
2009 $41,678 $33,543 $879 $2,036
2008 $40,294 $35,274 $898 $2,064
2007 $36,130 $35,015 $861 $1,932
2006 $36,354 $33,632 $925 $1,813
2005 $38,159 $32,170 $861 $1,681
2004 $38,678 $30,832 $767 $1,561
2003 $35,809 $29,392 $583 $1,484
2002 $33,316 $28,624 $389 $1,385
2001 $34,910 $27,943 $413 $1,350
2000 $39,753 $27,288 $443 $1,273
1999 $37,029 $25,736 $456 $1,199
1998 $32,835 $25,508 $465 $1,179
1997 $36,331 $25,619 $502 $1,154
1996 $39,930 $24,999 $480 $1,103
1995 $44,947 $23,858 $513 $1,037
1994 $40,774 $22,823 $456 $995
1993 $37,111 $22,168 $439 $932
1992 $32,667 $21,825 $444 $893
1991 $30,048 $21,227 $382 $830
1990 $26,345 $19,912 $330 $764
1989 $25,798 - $279 -
1988 $26,037 - $270.4 -
1987 $21,587 - $236.5 -
1986 $17,819 - $191.4 -
1985 $12,058 - $165.4 -
1984 $11,443 - $211 -
1983 $10,876 - $252 -
1982 $9,986 - $233.9 -
1981 $10,806 - $299.8 -
1980 $9,872 - $307 -
1979 $9,497 - $212.4 -
1978 $9,202 - $200.8 -
1977 $6,609 - $149.9 -
1976 $5,422 - $117.8 -
1975 $4,876 - $123.2 -
1974 $4,542 - $128.7 -
1973 $4,147 - $107 -
1972 $3,095 - $74 -
1971 $2,370 - $72.4 -
1970 $2,145 - $67.4 -
1969 $1,841 - $67.1 -
1968 $1,586 - $64.8 -
1967 $1,354 - $64.8 -
1966 $1,168 - $64.3 -
1965 $1,015 - $64.3 -
1964 $922 - $62.6 -
1963 $792 - $58.4 -
1962 $699 - $53.5 -
1961 $622 - $47 -
1960 $519 - $47 -

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

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

Japan's GDP per capita is $35,951, ranking 34/197, compared to $1,089 in Lesotho, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Lesotho ranks 180th at $3,001.

Economic indicators

Japan Lesotho
Gross domestic product
$4.44T
2025
$2.57B
2025
GDP rank
4/197
2025
175/197
2025
GDP growth
1.19%
2024-2025
1.98%
2024-2025
GDP per capita
$35,951
2025
$1,089
2025
GDP per capita rank
34/197
2025
179/197
2025
GDP per capita, PPP
$52,039
2024
$3,001
2024
GDP per capita PPP rank
41/197
2024
180/197
2024
Government debt
$9.16T
2025
$1.26B
2025
Debt-to-GDP ratio
206.5%
2025
49.1%
2025
Government debt per person
$74,248
2025
$535
2025
Government debt per person rank
3/185
2025
165/185
2025
Average annual personal income after taxes
$22,962
2026
$1,455
2026
Market capitalization of domestic companies
$7.61T
2025
n/a
Number of millionaires
2,902,000
2026
n/a
Number of billionaires
41
2026
n/a
Income share by richest 10%
24.3%
2020
32.9%
2017
Income share by poorest 10%
2.3%
2020
1.7%
2017
Government expenditure, % of GDP
36.9%
2025
54.2%
2025
Consumer prices inflation
3.17%
2024-2025
4.27%
2024-2025
Central bank interest rate
0.75%
2025
6.5%
2025
Unemployment rate
2.5%
2025
18.7%
2024
Population
122704252
2402837

Spending and national debt comparison by year

Japan
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Japan Lesotho
Government spending Government debt Government spending Government debt
2025 36.9% 206.5% 54.2% 49.1%
2024 37.3% 214.5% 52.5% 52.8%
2023 37.8% 220.3% 49% 61.1%
2022 40.2% 227.8% 50.8% 64.4%
2021 41.3% 222.7% 53.6% 58%
2020 43.6% 228.8% 54.2% 54.7%
2019 36.4% 206.3% 52.9% 58.2%
2018 36% 203.7% 51.9% 48.2%
2017 35.9% 203.1% 50.4% 41%
2016 36.5% 202.1% 54.1% 41.5%
2015 36.6% 200.1% 51.7% 45.8%
2014 37.8% 203.6% 50.1% 41.5%
2013 38.4% 201.2% 58.4% 41.2%
2012 38.4% 197.1% 58.1% 39.8%
2011 38.4% 190.6% 60.2% 36.2%
2010 37.4% 178.6% 55.3% 33.8%
2009 38.3% 172.9% 66.4% 35.9%
2008 33.7% 153.6% 54.1% 47%
2007 32.8% 150.4% 48.1% 49.6%
2006 32.7% 152.1% 43.2% 43.7%
2005 33.2% 153.4% 37.6% 41%
2004 33.3% 148.8% 36.3% 49.4%
2003 34.6% 140.2% 39.8% 52.6%
2002 34.9% 134.6% 41.2% 79.6%
2001 34.7% 126.8% 41.4% 108.7%
2000 35.4% 118.5% 39.3% 88.5%
1999 35.2% 113.5% 50.8% 83%
1998 38.1% 101.6% 51.4% 79.4%
1997 32.4% 91.3% 44.6% 65.7%
1996 33.1% 85.3% 41.5% 71.6%
1995 32.8% 80.7% 42.1% 62.8%
1994 32.1% 73.3% 40.2% 67%
1993 31.4% 63.2% 36% 71.2%
1992 29.6% 57.9% 35.3% 64.4%
1991 28.6% 54.1% 31.3% 11.9%
1990 28.8% 54.8% 32.9% 18%
1989 29.2% 65.7% 35.8% 112.5%
1988 29.9% 71.9% 35.3% 105.2%
1987 30.6% 75.8% 40.3% 97.4%
1986 30.4% 74.1% 33.2% 92.5%
1985 30.4% 68.3% 32.8% 86.3%
1984 31.2% 65.6% 26.8% 57.2%
1983 31.8% 63.5% 27.2% 56.7%
1982 31.7% 57.7% 29.9% 61.4%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Japan's government spending was $1.63T, accounting for 36.9% of its GDP, while Lesotho spent $1.4B, or 54.2% of GDP.

Debt-to-GDP ratio is 206.5% in Japan and 49.1% in Lesotho, ranking 3/185 and 106/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Lesotho
1x
Year Deficit/surplus, % of GDP
Japan Lesotho
2025 -1.05% 2.15%
2024 -1.67% 8.17%
2023 -2.39% 7.36%
2022 -4.23% -6.33%
2021 -6.32% -4.79%
2020 -9.04% 1.45%
2019 -3.05% -5.09%
2018 -2.44% -4.41%
2017 -3.05% -2.02%
2016 -3.58% -9.43%
2015 -3.64% -1.38%
2014 -5.58% 3.16%
2013 -7.62% -2.58%
2012 -8.22% 4.56%
2011 -9.02% -9.85%
2010 -9.05% -1.49%
2009 -9.62% -4.16%
2008 -4.07% 8.1%
2007 -2.86% 10.8%
2006 -3% 11.6%
2005 -4.39% 4.46%
2004 -5.26% 6.05%
2003 -7.35% 0.89%
2002 -7.22% -2.44%
2001 -6.11% -2.76%
2000 -7.17% -0.95%
1999 -6.68% -15.3%
1998 -9.91% -11.8%
1997 -3.44% 0.27%
1996 -4.75% 2.11%
1995 -4.22% 5.13%
1994 -3.7% 5.69%
1993 -2.34% 7.55%
1992 0.56% 4.65%
1991 1.64% 9.74%
1990 1.91% 8.78%
1989 1.23% 3.88%
1988 0.49% -1.87%
1987 -0.36% -2.85%
1986 -1.36% 0.87%
1985 -1.37% 1.68%
1984 -2.62% 4.82%
1983 -3.95% 1.85%
1982 -3.81% -2.03%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Japan's government deficit, the difference between spending and revenue, was $46.7B, equivalent to 1.05% of GDP. This compares to Lesotho's surplus of $55.4M, or 2.15% of GDP.

Over the past 44 years, Japan recorded a fiscal deficit in 39 of those years, while Lesotho ran a deficit in 19 years. On average, Japan posted an annual deficit equal to 4.08% of GDP, compared to surplus of 0.78% of GDP for Lesotho.

Inflation comparison by year

Inflation
Japan

Lesotho
1x
Year Consumer prices inflation
Japan Lesotho
2025 3.17% 4.27%
2024 2.74% 6.11%
2023 3.27% 6.34%
2022 2.5% 8.27%
2021 -0.23% 6.05%
2020 -0.02% 4.98%
2019 0.47% 5.19%
2018 0.99% 4.75%
2017 0.48% 4.45%
2016 -0.13% 6.6%
2015 0.8% 3.22%
2014 2.76% 5.37%
2013 0.34% 4.87%
2012 -0.04% 6.05%
2011 -0.27% 5.04%
2010 -0.73% -2.41%
2009 -1.35% -16.9%
2008 1.38% 10.7%
2007 0.06% 8.01%
2006 0.25% 6.07%
2005 -0.28% 3.44%
2004 -0.009% 5.02%
2003 -0.26% 6.63%
2002 -0.92% 33.8%
2001 -0.74% -9.62%
2000 -0.68% 6.13%
1999 -0.34% -
1998 0.66% -
1997 1.75% -

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

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

Over the past 26 years, Japan has recorded an average annual inflation rate of 0.52%, compared with 5.1% in Lesotho. In 2025, inflation was 3.17% in Japan and 4.27% in Lesotho.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $14.2M
Miscellaneous $3.08M
Processed food, beverages & tobacco $661K
Raw materials & minerals $568K
Chemicals & pharma $208K
Metals $75K
Textiles & consumer goods $46K
Wood & paper products $3K
Lesotho
Export category Export value
Animal & marine products $113K
Textiles & consumer goods $2K

Balance of trade

Japan Lesotho
Current account balance
$216B
2025
-$3.94M
2025
Current account balance ranking
3/190
2025
71/190
2025
Current account balance, % of GDP
+4.86%
2025
-0.15%
2025
Goods imports
$729B
2025
$1.69B
2025
Goods exports
$725B
2025
$933M
2025
Service imports
$269B
2025
$467M
2025
Service exports
$246B
2025
$16M
2025
Imports of goods and services, % of GDP
22.9%
2024
104.5%
2025
Exports of goods and services, % of GDP
22%
2024
49.5%
2025

Economic freedom indices

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

Japan Lesotho
Economic freedom 70.3 54.9
Economic freedom ranking 36/197 130/197
Property rights 94.2 41.7
Government integrity 81.1 39.6
Judicial effectiveness 97.9 43.6
Tax burden 63 76.4
Government spending 52 21.3
Fiscal health 41.7 93.5
Business freedom 77.8 50.6
Labor freedom 65.9 57
Monetary freedom 74.3 74.8
Trade freedom 76.2 65.4
Investment freedom 60 55
Financial freedom 60 40

Economic freedom comparison by year

Japan
Lesotho
1x
Year Economic freedom index
Japan Lesotho
2026 70.3 54.9
2025 70.2 54.1
2024 67.5 51.9
2023 69.3 51.6
2022 69.9 48.1
2021 74.1 53.5
2020 73.3 54.5
2019 72.1 53.1
2018 72.3 53.9
2017 69.6 53.9
2016 73.1 50.6
2015 73.3 49.6
2014 72.4 49.5
2013 71.8 47.9
2012 71.6 46.6
2011 72.8 47.5
2010 72.9 48.1
2009 72.8 49.7
2008 73 52.1
2007 72.7 53.2
2006 73.3 54.7
2005 67.3 53.9
2004 64.3 50.3
2003 67.6 52
2002 66.7 48.9
2001 70.9 50.6
2000 70.7 48.4
1999 69.1 48.2
1998 70.2 48.4
1997 70.3 47.2
1996 72.6 47
1995 75 -

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

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

The Economic Freedom Index for Japan is 70.3, ranking 36/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Japan Lesotho
Services, % of GDP
71.4%
2024
55.6%
2025
Industry, % of GDP
26.8%
2024
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
0.96%
2024
6.49%
2025
GNI, Atlas method
$4.73T
2025
$3.03B
2025
GNI per capita, PPP
$58,920
2025
$3,900
2025
Total reserves including gold
$1.37T
2025
$1.01B
2024
Total reserves ranking
3/177
2025
142/177
2024
Net foreign direct investment
$172B
2025
$5.77M
2025
Net inflows of foreign direct investment
$18.9B
2024
-$12.6M
2024
Net outflows of foreign direct investment
$207B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
3.79%
2024
Poverty at national poverty lines
16.1%
2020
49.7%
2017
Gross capital formation, % of GDP
27.7%
2024
31.2%
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).

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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 (1875–1989, 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 (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.