Skip to content

Economy of Japan vs Vanuatu compared: GDP & Debt

Updated on by Georank

Japan has a GDP of $4.44T compared to $1.35B for Vanuatu, ranking 4/197 and 185/197 by economy size, respectively.

Japan has $9.16T in government debt (206.5% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Japan vs Vanuatu GDP by year

Japan
Vanuatu
1x
Year GDP, current $
Japan Vanuatu
2025 $4,435,162,999,977 $1,353,658,841
2024 $4,190,008,188,359 $1,297,956,615
2023 $4,384,854,269,962 $1,188,137,265
2022 $4,447,976,207,315 $1,151,863,790
2021 $5,225,933,520,753 $1,093,826,089
2020 $5,189,197,543,645 $1,017,403,363
2019 $5,245,755,000,479 $1,061,547,513
2018 $5,154,293,721,630 $1,034,402,941
2017 $5,038,231,631,661 $998,536,155
2016 $5,110,357,383,254 $908,725,513
2015 $4,534,438,580,495 $855,360,240
2014 $4,985,763,289,561 $879,185,478
2013 $5,272,297,037,397 $863,347,172
2012 $6,333,803,928,788 $747,839,698
2011 $6,279,422,550,219 $770,153,588
2010 $5,811,578,109,447 $670,712,980
2009 $5,336,765,697,589 $592,622,319
2008 $5,160,197,175,876 $590,748,429
2007 $4,624,670,179,655 $516,392,923
2006 $4,648,058,930,707 $439,358,587
2005 $4,875,648,486,366 $394,962,433
2004 $4,941,485,123,807 $364,996,869
2003 $4,573,413,206,709 $314,471,413
2002 $4,245,946,980,572 $262,596,536
2001 $4,438,792,748,062 $257,926,882
2000 $5,042,381,838,343 $272,014,628
1999 $4,688,983,449,627 $268,006,973
1998 $4,150,359,076,370 $262,293,411
1997 $4,579,780,793,432 $272,771,209
1996 $5,021,441,618,840 $261,370,044
1995 $5,639,649,753,986 $249,333,250
1994 $5,104,063,486,348 $233,701,301
1993 $4,632,480,515,091 $200,491,853
1992 $4,064,529,567,505 $209,088,825
1991 $3,724,887,648,862 $201,334,169
1990 $3,252,994,239,867 $168,879,207
1989 $3,174,934,735,896 $154,013,202
1988 $3,191,546,727,316 $158,351,368
1987 $2,635,094,473,494 $139,464,174
1986 $2,164,729,071,349 $126,498,935
1985 $1,457,070,301,468 $131,856,421
1984 $1,374,165,212,365 $144,482,515
1983 $1,297,622,008,229 $117,389,554
1982 $1,183,132,285,328 $114,501,913
1981 $1,271,443,597,067 $113,781,796
1980 $1,153,159,955,513 $121,185,498
1979 $1,100,608,979,757 $119,258,835
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/vanuatu | CC BY

GDP per capita in Japan vs Vanuatu by year

Japan
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,951 - $4,039 -
2024 $33,797 $52,039 $3,960 $3,606
2023 $35,215 $50,662 $3,708 $3,568
2022 $35,548 $47,192 $3,680 $3,453
2021 $41,581 $44,355 $3,576 $3,136
2020 $41,099 $42,426 $3,404 $3,118
2019 $41,425 $42,678 $3,636 $3,315
2018 $40,645 $42,142 $3,626 $3,233
2017 $39,680 $41,444 $3,585 $3,146
2016 $40,215 $40,597 $3,340 $3,030
2015 $35,665 $40,899 $3,214 $2,966
2014 $39,173 $39,555 $3,378 $2,890
2013 $41,369 $39,402 $3,393 $2,832
2012 $49,627 $37,606 $3,005 $2,834
2011 $49,122 $36,214 $3,163 $2,816
2010 $45,378 $35,336 $2,815 $2,733
2009 $41,678 $33,543 $2,546 $2,730
2008 $40,294 $35,274 $2,604 $2,701
2007 $36,130 $35,015 $2,334 $2,573
2006 $36,354 $33,632 $2,035 $2,496
2005 $38,159 $32,170 $1,874 $2,287
2004 $38,678 $30,832 $1,774 $2,157
2003 $35,809 $29,392 $1,567 $2,070
2002 $33,316 $28,624 $1,341 $1,995
2001 $34,910 $27,943 $1,350 $2,125
2000 $39,753 $27,288 $1,460 $2,206
1999 $37,029 $25,736 $1,472 $2,084
1998 $32,835 $25,508 $1,471 $2,091
1997 $36,331 $25,619 $1,562 $2,087
1996 $39,930 $24,999 $1,529 $1,998
1995 $44,947 $23,858 $1,492 $1,961
1994 $40,774 $22,823 $1,431 $1,946
1993 $37,111 $22,168 $1,257 $1,789
1992 $32,667 $21,825 $1,344 $1,777
1991 $30,048 $21,227 $1,326 $1,737
1990 $26,345 $19,912 $1,141 $1,670
1989 $25,798 - $1,067 -
1988 $26,037 - $1,125 -
1987 $21,587 - $1,017 -
1986 $17,819 - $946 -
1985 $12,058 - $1,012 -
1984 $11,443 - $1,137 -
1983 $10,876 - $947 -
1982 $9,986 - $946 -
1981 $10,806 - $962 -
1980 $9,872 - $1,048 -
1979 $9,497 - $1,055 -
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/vanuatu | CC BY

Japan's GDP per capita is $35,951, ranking 34/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Vanuatu ranks 170th at $3,606.

Economic indicators

Japan Vanuatu
Gross domestic product
$4.44T
2025
$1.35B
2025
GDP rank
4/197
2025
185/197
2025
GDP growth
1.19%
2024-2025
3.05%
2024-2025
GDP per capita
$35,951
2025
$4,039
2025
GDP per capita rank
34/197
2025
133/197
2025
GDP per capita, PPP
$52,039
2024
$3,606
2024
GDP per capita PPP rank
41/197
2024
170/197
2024
Government debt
$9.16T
2025
$554M
2025
Debt-to-GDP ratio
206.5%
2025
40.9%
2025
Government debt per person
$74,248
2025
$1,654
2025
Government debt per person rank
3/185
2025
125/185
2025
Average annual personal income after taxes
$22,962
2026
$2,801
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
24.7%
2019
Income share by poorest 10%
2.3%
2020
3%
2019
Government expenditure, % of GDP
36.9%
2025
35.5%
2025
Consumer prices inflation
3.17%
2024-2025
0.66%
2024-2025
Central bank interest rate
0.75%
2025
n/a
Unemployment rate
2.5%
2025
1.41%
2025
Population
122704252
346488

Spending and national debt comparison by year

Japan
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Japan Vanuatu
Government spending Government debt Government spending Government debt
2025 36.9% 206.5% 35.5% 40.9%
2024 37.3% 214.5% 33.1% 39.1%
2023 37.8% 220.3% 38.9% 39.2%
2022 40.2% 227.8% 38.5% 39.2%
2021 41.3% 222.7% 38.6% 42.2%
2020 43.6% 228.8% 38.8% 42.9%
2019 36.4% 206.3% 35.1% 39.8%
2018 36% 203.7% 29.4% 40%
2017 35.9% 203.1% 32.7% 46.4%
2016 36.5% 202.1% 31.2% 37.6%
2015 36.6% 200.1% 38.1% 32.2%
2014 37.8% 203.6% 20.5% 17.8%
2013 38.4% 201.2% 20.1% 16.4%
2012 38.4% 197.1% 22.1% 17.4%
2011 38.4% 190.6% 22.7% 19.3%
2010 37.4% 178.6% 25.6% 18.3%
2009 38.3% 172.9% 24.9% 19.1%
2008 33.7% 153.6% 25.1% 19.2%
2007 32.8% 150.4% 20.3% 17.6%
2006 32.7% 152.1% 18.2% 20%
2005 33.2% 153.4% 16.5% 23.8%
2004 33.3% 148.8% 16.7% 27.5%
2003 34.6% 140.2% 17% 34.6%
2002 34.9% 134.6% 20.2% 35.1%
2001 34.7% 126.8% 20.2% 33.5%
2000 35.4% 118.5% 23% 32.6%
1999 35.2% 113.5% 21.6% 27.7%
1998 38.1% 101.6% 25.2% 25.4%
1997 32.4% 91.3% 20.1% 20.7%
1996 33.1% 85.3% 22.1% 20.8%
1995 32.8% 80.7% 25.3% 21.8%
1994 32.1% 73.3% 22% 19.5%
1993 31.4% 63.2% 23.7% 18.3%
1992 29.6% 57.9% 28.8% 19%
1991 28.6% 54.1% 30% 14.4%
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 (1960–1989, retrieved 2026-07-08).

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

In 2025, Japan's government spending was $1.63T, accounting for 36.9% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 206.5% in Japan and 40.9% in Vanuatu, ranking 3/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Vanuatu
1x
Year Deficit/surplus, % of GDP
Japan Vanuatu
2025 -1.05% -3.88%
2024 -1.67% -2.46%
2023 -2.39% -0.78%
2022 -4.23% -5.96%
2021 -6.32% 2.07%
2020 -9.04% -1.74%
2019 -3.05% 2.48%
2018 -2.44% 5.53%
2017 -3.05% -1.06%
2016 -3.58% -0.64%
2015 -3.64% -8.13%
2014 -5.58% 1.26%
2013 -7.62% -0.22%
2012 -8.22% -1.54%
2011 -9.02% -1.98%
2010 -9.05% -2.38%
2009 -9.62% -0.76%
2008 -4.07% -0.04%
2007 -2.86% 0.25%
2006 -3% 0.44%
2005 -4.39% 1.68%
2004 -5.26% 0.72%
2003 -7.35% -1.22%
2002 -7.22% -3.29%
2001 -6.11% -3.01%
2000 -7.17% -5.67%
1999 -6.68% -0.5%
1998 -9.91% -6.01%
1997 -3.44% -0.46%
1996 -4.75% -1.61%
1995 -4.22% -2.34%
1994 -3.7% -1.35%
1993 -2.34% -3.32%
1992 0.56% -2.1%
1991 1.64% -2.54%
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% -
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/vanuatu | 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 Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 35 years, Japan recorded a fiscal deficit in 33 of those years, while Vanuatu ran a deficit in 27 years. On average, Japan posted an annual deficit equal to 4.85% of GDP, compared to deficit of 1.44% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Japan

Vanuatu
1x
Year Consumer prices inflation
Japan Vanuatu
2025 3.17% 0.66%
2024 2.74% 1.14%
2023 3.27% 11.2%
2022 2.5% 6.68%
2021 -0.23% 2.34%
2020 -0.02% 5.33%
2019 0.47% 2.76%
2018 0.99% 2.33%
2017 0.48% 3.08%
2016 -0.13% 0.84%
2015 0.8% 2.48%
2014 2.76% 0.8%
2013 0.34% 1.46%
2012 -0.04% 1.35%
2011 -0.27% 0.87%
2010 -0.73% 2.76%
2009 -1.35% 4.3%
2008 1.38% 4.84%
2007 0.06% 3.94%
2006 0.25% 2.04%
2005 -0.28% 1.2%
2004 -0.009% 1.42%
2003 -0.26% 3.02%
2002 -0.92% 1.96%
2001 -0.74% 3.58%
2000 -0.68% 2.54%
1999 -0.34% 2%
1998 0.66% 3.28%
1997 1.75% 2.83%

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

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

Over the past 29 years, Japan has recorded an average annual inflation rate of 0.54%, compared with 2.86% in Vanuatu. In 2025, inflation was 3.17% in Japan and 0.66% in Vanuatu.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $9.3M
Raw materials & minerals $3.88M
Metals $307K
Textiles & consumer goods $201K
Miscellaneous $163K
Animal & marine products $162K
Processed food, beverages & tobacco $88K
Chemicals & pharma $34K
Wood & paper products $22K
Precious metals & jewellery $15K
Vanuatu
Export category Export value
Animal & marine products $3.33M
Wood & paper products $8K
Raw agricultural goods $7K
Machinery & equipment $4K
Miscellaneous $1K

Balance of trade

Japan Vanuatu
Current account balance
$216B
2025
-$127M
2022
Current account balance ranking
3/190
2025
83/190
2022
Current account balance, % of GDP
+4.86%
2025
-11.1%
2022
Goods imports
$729B
2025
$350M
2022
Goods exports
$725B
2025
$73.6M
2022
Service imports
$269B
2025
$230M
2022
Service exports
$246B
2025
$78.5M
2022
Imports of goods and services, % of GDP
22.9%
2024
48%
2024
Exports of goods and services, % of GDP
22%
2024
25.3%
2024

Economic freedom indices

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

Japan Vanuatu
Economic freedom 70.3 61.1
Economic freedom ranking 36/197 92/197
Property rights 94.2 62.1
Government integrity 81.1 48.3
Judicial effectiveness 97.9 67.9
Tax burden 63 96.9
Government spending 52 48.1
Fiscal health 41.7 78.8
Business freedom 77.8 50.3
Labor freedom 65.9 41
Monetary freedom 74.3 72.1
Trade freedom 76.2 62
Investment freedom 60 65
Financial freedom 60 40

Economic freedom comparison by year

Japan
Vanuatu
1x
Year Economic freedom index
Japan Vanuatu
2026 70.3 61.1
2025 70.2 61.8
2024 67.5 62.2
2023 69.3 62.1
2022 69.9 62.9
2021 74.1 60.5
2020 73.3 60.7
2019 72.1 56.4
2018 72.3 69.5
2017 69.6 67.4
2016 73.1 60.8
2015 73.3 61.1
2014 72.4 59.5
2013 71.8 56.6
2012 71.6 56.6
2011 72.8 56.7
2010 72.9 56.4
2009 72.8 58.4
2008 73 -
2007 72.7 -
2006 73.3 -
2005 67.3 -
2004 64.3 -
2003 67.6 -
2002 66.7 -
2001 70.9 -
2000 70.7 -
1999 69.1 -
1998 70.2 -
1997 70.3 -
1996 72.6 -
1995 75 -

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

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

The Economic Freedom Index for Japan is 70.3, ranking 36/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Japan Vanuatu
Services, % of GDP
71.4%
2024
56.8%
2024
Industry, % of GDP
26.8%
2024
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.96%
2024
26.6%
2024
GNI, Atlas method
$4.73T
2025
$1.48B
2025
GNI per capita, PPP
$58,920
2025
$4,970
2025
Total reserves including gold
$1.37T
2025
$615M
2024
Total reserves ranking
3/177
2025
152/177
2024
Net foreign direct investment
$172B
2025
-$9.21M
2022
Net inflows of foreign direct investment
$18.9B
2024
$28.9M
2024
Net outflows of foreign direct investment
$207B
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI n/a
1.88%
2024
Poverty at national poverty lines
16.1%
2020
15.9%
2020
Gross capital formation, % of GDP
27.7%
2024
26.1%
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/japan/vanuatu | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, 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 (2011–2025, 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.