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Economy of Japan vs Russia compared: GDP & Debt

Updated on by Georank

Japan has a GDP of $4.44T compared to $2.56T for Russia, ranking 4/197 and 8/197 by economy size, respectively.

Japan has $9.16T in government debt (206.5% of GDP), compared to $440B (17.2% of GDP) in Russia.

Japan vs Russia GDP by year

Japan
Russia
1x
Year GDP, current $
Japan Russia
2025 $4,435,162,999,977 $2,561,310,169,359
2024 $4,190,008,188,359 $2,186,462,268,813
2023 $4,384,854,269,962 $2,046,284,838,151
2022 $4,447,976,207,315 $2,292,495,097,681
2021 $5,225,933,520,753 $1,829,186,719,575
2020 $5,189,197,543,645 $1,493,075,894,362
2019 $5,245,755,000,479 $1,693,115,002,708
2018 $5,154,293,721,630 $1,657,328,773,461
2017 $5,038,231,631,661 $1,574,199,360,089
2016 $5,110,357,383,254 $1,276,786,350,881
2015 $4,534,438,580,495 $1,363,482,182,198
2014 $4,985,763,289,561 $2,059,241,589,895
2013 $5,272,297,037,397 $2,292,470,078,346
2012 $6,333,803,928,788 $2,208,293,553,878
2011 $6,279,422,550,219 $2,045,922,753,398
2010 $5,811,578,109,447 $1,524,916,715,224
2009 $5,336,765,697,589 $1,222,645,900,056
2008 $5,160,197,175,876 $1,660,848,058,303
2007 $4,624,670,179,655 $1,299,703,478,482
2006 $4,648,058,930,707 $989,932,071,353
2005 $4,875,648,486,366 $764,015,973,481
2004 $4,941,485,123,807 $591,016,690,732
2003 $4,573,413,206,709 $430,347,420,185
2002 $4,245,946,980,572 $345,470,494,418
2001 $4,438,792,748,062 $306,602,070,621
2000 $5,042,381,838,343 $259,710,142,197
1999 $4,688,983,449,627 $195,907,128,351
1998 $4,150,359,076,370 $270,955,486,862
1997 $4,579,780,793,432 $404,928,954,192
1996 $5,021,441,618,840 $391,724,890,744
1995 $5,639,649,753,986 $395,537,185,735
1994 $5,104,063,486,348 $395,077,301,248
1993 $4,632,480,515,091 $435,083,713,851
1992 $4,064,529,567,505 $460,290,556,901
1991 $3,724,887,648,862 $517,962,962,963
1990 $3,252,994,239,867 $517,014,446,228
1989 $3,174,934,735,896 $506,631,299,735
1988 $3,191,546,727,316 $554,828,660,436
1987 $2,635,094,473,494 -
1986 $2,164,729,071,349 -
1985 $1,457,070,301,468 -
1984 $1,374,165,212,365 -
1983 $1,297,622,008,229 -
1982 $1,183,132,285,328 -
1981 $1,271,443,597,067 -
1980 $1,153,159,955,513 -
1979 $1,100,608,979,757 -
1978 $1,057,419,758,047 -
1977 $752,590,681,822 -
1976 $611,495,350,304 -
1975 $544,082,569,364 -
1974 $500,355,087,138 -
1973 $450,756,970,744 -
1972 $331,776,379,992 -
1971 $250,530,994,765 -
1970 $221,798,003,144 -
1969 $188,179,852,753 -
1968 $160,201,483,788 -
1967 $135,265,319,098 -
1966 $115,427,351,851 -
1965 $99,387,878,008 -
1964 $89,332,989,729 -
1963 $75,945,582,324 -
1962 $66,356,388,224 -
1961 $58,472,696,006 -
1960 $48,417,804,545 -

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

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

GDP per capita in Japan vs Russia by year

Japan
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,951 - $17,847 -
2024 $33,797 $52,039 $15,219 $47,362
2023 $35,215 $50,662 $14,227 $44,269
2022 $35,548 $47,192 $15,894 $40,939
2021 $41,581 $44,355 $12,637 $38,638
2020 $41,099 $42,426 $10,280 $31,491
2019 $41,425 $42,678 $11,640 $30,964
2018 $40,645 $42,142 $11,399 $28,629
2017 $39,680 $41,444 $10,835 $25,778
2016 $40,215 $40,597 $8,804 $24,012
2015 $35,665 $40,899 $9,427 $23,994
2014 $39,173 $39,555 $14,277 $25,688
2013 $41,369 $39,402 $15,941 $26,020
2012 $49,627 $37,606 $15,402 $24,274
2011 $49,122 $36,214 $14,305 $22,790
2010 $45,378 $35,336 $10,675 $20,490
2009 $41,678 $33,543 $8,563 $19,390
2008 $40,294 $35,274 $11,635 $20,164
2007 $36,130 $35,015 $9,101 $16,648
2006 $36,354 $33,632 $6,920 $14,912
2005 $38,159 $32,170 $5,323 $11,822
2004 $38,678 $30,832 $4,102 $10,227
2003 $35,809 $29,392 $2,975 $9,255
2002 $33,316 $28,624 $2,378 $8,037
2001 $34,910 $27,943 $2,100 $7,361
2000 $39,753 $27,288 $1,772 $6,825
1999 $37,029 $25,736 $1,331 $5,914
1998 $32,835 $25,508 $1,835 $5,465
1997 $36,331 $25,619 $2,738 $5,700
1996 $39,930 $24,999 $2,644 $5,518
1995 $44,947 $23,858 $2,666 $5,613
1994 $40,774 $22,823 $2,662 $5,734
1993 $37,111 $22,168 $2,931 $6,420
1992 $32,667 $21,825 $3,099 $6,862
1991 $30,048 $21,227 $3,490 $7,858
1990 $26,345 $19,912 $3,494 $8,028
1989 $25,798 - $3,430 -
1988 $26,037 - $3,778 -
1987 $21,587 - - -
1986 $17,819 - - -
1985 $12,058 - - -
1984 $11,443 - - -
1983 $10,876 - - -
1982 $9,986 - - -
1981 $10,806 - - -
1980 $9,872 - - -
1979 $9,497 - - -
1978 $9,202 - - -
1977 $6,609 - - -
1976 $5,422 - - -
1975 $4,876 - - -
1974 $4,542 - - -
1973 $4,147 - - -
1972 $3,095 - - -
1971 $2,370 - - -
1970 $2,145 - - -
1969 $1,841 - - -
1968 $1,586 - - -
1967 $1,354 - - -
1966 $1,168 - - -
1965 $1,015 - - -
1964 $922 - - -
1963 $792 - - -
1962 $699 - - -
1961 $622 - - -
1960 $519 - - -

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

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

Japan's GDP per capita is $35,951, ranking 34/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Russia ranks 50th at $47,362.

Economic indicators

Japan Russia
Gross domestic product
$4.44T
2025
$2.56T
2025
GDP rank
4/197
2025
8/197
2025
GDP growth
1.19%
2024-2025
1%
2024-2025
GDP per capita
$35,951
2025
$17,847
2025
GDP per capita rank
34/197
2025
68/197
2025
GDP per capita, PPP
$52,039
2024
$47,362
2024
GDP per capita PPP rank
41/197
2024
50/197
2024
Government debt
$9.16T
2025
$440B
2025
Debt-to-GDP ratio
206.5%
2025
17.2%
2025
Government debt per person
$74,248
2025
$3,068
2025
Government debt per person rank
3/185
2025
105/185
2025
Average annual personal income after taxes
$22,962
2026
$11,183
2026
Market capitalization of domestic companies
$7.61T
2025
$650B
2023
Number of millionaires
2,902,000
2026
447,000
2026
Number of billionaires
41
2026
147
2026
Income share by richest 10%
24.3%
2020
25.1%
2023
Income share by poorest 10%
2.3%
2020
3.1%
2023
Government expenditure, % of GDP
36.9%
2025
39.1%
2025
Consumer prices inflation
3.17%
2024-2025
8.7%
2024-2025
Central bank interest rate
0.75%
2025
14.5%
2026
Unemployment rate
2.5%
2025
2.13%
2025
Population
122704252
142643173

Spending and national debt comparison by year

Japan
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Japan Russia
Government spending Government debt Government spending Government debt
2025 36.9% 206.5% 39.1% 17.2%
2024 37.3% 214.5% 36.7% 14.8%
2023 37.8% 220.3% 36.1% 15.2%
2022 40.2% 227.8% 35.1% 15.1%
2021 41.3% 222.7% 34.9% 16.5%
2020 43.6% 228.8% 39.2% 19.2%
2019 36.4% 206.3% 33.8% 13.7%
2018 36% 203.7% 32.6% 13.6%
2017 35.9% 203.1% 34.8% 14.3%
2016 36.5% 202.1% 36.6% 14.8%
2015 36.6% 200.1% 35.3% 15.3%
2014 37.8% 203.6% 34.9% 15.1%
2013 38.4% 201.2% 34.7% 12.3%
2012 38.4% 197.1% 34% 11.2%
2011 38.4% 190.6% 33.3% 10.3%
2010 37.4% 178.6% 35.5% 10.1%
2009 38.3% 172.9% 38.6% 9.92%
2008 33.7% 153.6% 32% 7.45%
2007 32.8% 150.4% 31.9% 8.03%
2006 32.7% 152.1% 29% 9.8%
2005 33.2% 153.4% 29.5% 14.9%
2004 33.3% 148.8% 29.6% 20.8%
2003 34.6% 140.2% 32.6% 28.3%
2002 34.9% 134.6% 33.8% 37.6%
2001 34.7% 126.8% 31.5% 44.4%
2000 35.4% 118.5% 30.7% 55.9%
1999 35.2% 113.5% 34.3% 92.4%
1998 38.1% 101.6% 39.7% 135.2%
1997 32.4% 91.3% - 51.5%
1996 33.1% 85.3% - 51.9%
1995 32.8% 80.7% - 53.7%
1994 32.1% 73.3% - 63.5%
1993 31.4% 63.2% - 92.4%
1992 29.6% 57.9% - 116%
1991 28.6% 54.1% - -
1990 28.8% 54.8% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

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

In 2025, Japan's government spending was $1.63T, accounting for 36.9% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 206.5% in Japan and 17.2% in Russia, ranking 3/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Russia
1x
Year Deficit/surplus, % of GDP
Japan Russia
2025 -1.05% -3.9%
2024 -1.67% -1.59%
2023 -2.39% -2.24%
2022 -4.23% -1.34%
2021 -6.32% 0.78%
2020 -9.04% -3.99%
2019 -3.05% 1.93%
2018 -2.44% 2.92%
2017 -3.05% -1.47%
2016 -3.58% -3.67%
2015 -3.64% -3.39%
2014 -5.58% -1.07%
2013 -7.62% -1.16%
2012 -8.22% 0.38%
2011 -9.02% 1.43%
2010 -9.05% -3.19%
2009 -9.62% -5.89%
2008 -4.07% 4.55%
2007 -2.86% 5.59%
2006 -3% 7.8%
2005 -4.39% 7.6%
2004 -5.26% 4.57%
2003 -7.35% 1.35%
2002 -7.22% 0.67%
2001 -6.11% 2.99%
2000 -7.17% 3.11%
1999 -6.68% -3.59%
1998 -9.91% -7.42%
1997 -3.44% -
1996 -4.75% -
1995 -4.22% -
1994 -3.7% -
1993 -2.34% -
1992 0.56% -
1991 1.64% -
1990 1.91% -
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% 0.15%
1939 0.11% 0.12%
1938 0.45% 0.16%
1937 0.71% 0.12%
1936 0.34% 0.1%
1935 0.26% 0.07%
1934 0.34% 0.25%
1933 0.28% 0.58%
1932 0.31% 0.06%
1931 0.23% -1.12%
1930 0.19% -1.62%
1929 0.5% -0.4%
1928 0.42% -0.4%
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% 0.69%
1911 1.21% 1.26%
1910 1.57% 1.52%
1909 1.51% -0.15%
1908 1.63% -0.83%
1907 1.77% -0.86%
1906 0.46% -3.19%
1905 -0.68% -7.72%
1904 -0.81% -5.13%
1903 0.19% 1.04%
1902 0.44% -1.57%
1901 0.21% 0.14%
1900 0.53% -0.36%
1899 0.2% 0.66%
1898 0.6% 0.03%
1897 0.33% 0.34%
1896 0.88% 1.3%
1895 0.28% 0.7%
1894 -0.24% 1.43%
1893 0.6% 0.63%
1892 0.63% -1.16%
1891 0.61% -0.97%
1890 0.74% 0.01%
1889 0.18% 1.34%
1888 0.13% 0.88%
1887 0.11% 0.14%
1886 0.03% -0.84%
1885 0.01% -0.75%
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/russia | 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 Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Japan recorded a fiscal deficit in 28 of those years, while Russia ran a deficit in 14 years. On average, Japan posted an annual deficit equal to 5.49% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Japan

Russia
1x
Year Consumer prices inflation
Japan Russia
2025 3.17% 8.7%
2024 2.74% 8.4%
2023 3.27% 5.9%
2022 2.5% 13.7%
2021 -0.23% 6.7%
2020 -0.02% 3.4%
2019 0.47% 4.5%
2018 0.99% 2.9%
2017 0.48% 3.7%
2016 -0.13% 7%
2015 0.8% 15.5%
2014 2.76% 7.8%
2013 0.34% 6.8%
2012 -0.04% 5.1%
2011 -0.27% 8.4%
2010 -0.73% 6.8%
2009 -1.35% 11.6%
2008 1.38% 14.1%
2007 0.06% 9%
2006 0.25% 9.7%
2005 -0.28% 12.7%
2004 -0.009% 10.9%
2003 -0.26% 13.7%
2002 -0.92% 15.8%
2001 -0.74% 21.5%
2000 -0.68% 20.8%
1999 -0.34% 85.7%
1998 0.66% 27.7%
1997 1.75% 14.8%

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/japan/russia | CC BY

Over the past 29 years, Japan has recorded an average annual inflation rate of 0.54%, compared with 13.2% in Russia. In 2025, inflation was 3.17% in Japan and 8.7% in Russia.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $1.68B
Processed food, beverages & tobacco $270M
Miscellaneous $250M
Chemicals & pharma $142M
Transport & tourism services $137M
Manufacturing & construction services $67M
Textiles & consumer goods $48.7M
Business & finance services $40.4M
Metals $36.9M
Raw materials & minerals $35.9M
Russia
Export category Export value
Raw materials & minerals $6.69B
Metals $1.34B
Precious metals & jewellery $1.16B
Animal & marine products $650M
Wood & paper products $632M
Transport & tourism services $189M
Business & finance services $126M
Chemicals & pharma $112M
Machinery & equipment $73.7M
Manufacturing & construction services $47.2M

Balance of trade

Japan Russia
Current account balance
$216B
2025
$43.1B
2025
Current account balance ranking
3/190
2025
14/190
2025
Current account balance, % of GDP
+4.86%
2025
+1.68%
2025
Goods imports
$729B
2025
$305B
2025
Goods exports
$725B
2025
$422B
2025
Service imports
$269B
2025
$94.8B
2025
Service exports
$246B
2025
$46.3B
2025
Imports of goods and services, % of GDP
22.9%
2024
15.5%
2025
Exports of goods and services, % of GDP
22%
2024
18.2%
2025

Economic freedom indices

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

Japan Russia
Economic freedom 70.3 50.3
Economic freedom ranking 36/197 161/197
Property rights 94.2 18.6
Government integrity 81.1 22.8
Judicial effectiveness 97.9 22.8
Tax burden 63 81.9
Government spending 52 61.3
Fiscal health 41.7 94.4
Business freedom 77.8 51.4
Labor freedom 65.9 59.1
Monetary freedom 74.3 61.8
Trade freedom 76.2 69.4
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Japan
Russia
1x
Year Economic freedom index
Japan Russia
2026 70.3 50.3
2025 70.2 51.6
2024 67.5 52
2023 69.3 53.8
2022 69.9 56.1
2021 74.1 61.5
2020 73.3 61
2019 72.1 58.9
2018 72.3 58.2
2017 69.6 57.1
2016 73.1 50.6
2015 73.3 52.1
2014 72.4 51.9
2013 71.8 51.1
2012 71.6 50.5
2011 72.8 50.5
2010 72.9 50.3
2009 72.8 50.8
2008 73 49.8
2007 72.7 52.2
2006 73.3 52.4
2005 67.3 51.3
2004 64.3 52.8
2003 67.6 50.8
2002 66.7 48.7
2001 70.9 49.8
2000 70.7 51.8
1999 69.1 54.5
1998 70.2 52.8
1997 70.3 48.6
1996 72.6 51.6
1995 75 51.1

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

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

The Economic Freedom Index for Japan is 70.3, ranking 36/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Japan Russia
Services, % of GDP
71.4%
2024
58.9%
2025
Industry, % of GDP
26.8%
2024
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
0.96%
2024
3.06%
2025
GNI, Atlas method
$4.73T
2025
$2.33T
2025
GNI per capita, PPP
$58,920
2025
$49,220
2025
Total reserves including gold
$1.37T
2025
$608B
2024
Total reserves ranking
3/177
2025
6/177
2024
Net foreign direct investment
$172B
2025
-$12.4B
2025
Net inflows of foreign direct investment
$18.9B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$207B
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.63%
2024
Poverty at national poverty lines
16.1%
2020
7.2%
2024
Gross capital formation, % of GDP
27.7%
2024
25.9%
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 (1875–1996, 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 (2021–2025, 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.