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Economy of Kazakhstan vs New Zealand compared: GDP & Debt

Updated on by Georank

Kazakhstan has a GDP of $306B compared to $264B for New Zealand, ranking 49/197 and 53/197 by economy size, respectively.

Kazakhstan has $75.2B in government debt (24.6% of GDP), compared to $145B (54.7% of GDP) in New Zealand.

Kazakhstan vs New Zealand GDP by year

Kazakhstan
New Zealand
1x
Year GDP, current $
Kazakhstan New Zealand
2025 $306,239,209,650 $264,057,413,740
2024 $291,480,274,649 $261,497,198,364
2023 $261,840,101,060 $256,372,177,758
2022 $225,496,328,925 $249,723,029,451
2021 $197,112,255,361 $253,732,493,988
2020 $171,082,365,861 $213,318,129,989
2019 $181,667,184,855 $213,088,034,258
2018 $179,339,977,690 $211,726,161,989
2017 $166,805,788,827 $206,561,943,051
2016 $137,278,320,084 $188,980,351,891
2015 $184,388,404,706 $178,147,457,243
2014 $221,415,613,595 $201,435,445,068
2013 $236,634,603,409 $190,943,478,290
2012 $207,998,568,866 $176,508,049,114
2011 $192,626,464,617 $168,458,838,711
2010 $148,047,348,241 $146,887,902,524
2009 $115,308,686,941 $121,663,439,315
2008 $133,441,648,852 $133,437,126,590
2007 $104,849,915,058 $137,188,946,866
2006 $81,003,864,630 $111,538,810,713
2005 $57,123,671,734 $114,720,129,550
2004 $43,151,647,003 $103,905,210,084
2003 $30,833,692,900 $88,250,885,550
2002 $24,636,598,527 $66,627,729,311
2001 $22,152,689,180 $53,872,425,917
2000 $18,291,990,662 $52,623,281,957
1999 $16,870,817,182 $58,762,260,626
1998 $22,135,245,507 $56,227,169,851
1997 $22,165,932,063 $66,075,143,415
1996 $21,035,357,937 $70,140,835,299
1995 $20,374,302,652 $63,918,703,507
1994 $21,250,792,886 $55,314,732,279
1993 $23,409,260,880 $46,775,620,817
1992 $24,917,355,372 $41,649,829,860
1991 $24,923,076,923 $42,745,329,732
1990 $26,932,016,270 $45,495,129,385
1989 - $43,920,222,525
1988 - $45,176,811,594
1987 - $40,376,354,070
1986 - $30,604,668,357
1985 - $24,679,795,396
1984 - $21,665,975,319
1983 - $24,309,279,706
1982 - $24,164,603,059
1981 - $24,417,617,184
1980 - $23,244,547,385
1979 - $20,731,243,113
1978 - $18,530,518,395
1977 - $15,446,825,318
1976 - $13,604,832,424
1975 - $12,861,983,284
1974 - $13,940,981,798
1973 - $12,802,281,898
1972 - $9,567,331,065
1971 - $7,911,136,757
1970 - $6,495,605,331
1969 - $5,814,357,709
1968 - $5,228,045,415
1967 - $6,016,017,227
1966 - $5,917,437,693
1965 - $5,706,251,400
1964 - $7,340,766,415
1963 - $6,699,741,645
1962 - $6,133,158,532
1961 - $5,721,994,864
1960 - $5,536,098,360

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

GeoRank.org/economy/kazakhstan/new-zealand | CC BY

GDP per capita in Kazakhstan vs New Zealand by year

Kazakhstan
GDP per capita

GDP per capita, PPP
New Zealand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan New Zealand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,692 - $49,591 -
2024 $14,155 $40,891 $49,432 $55,551
2023 $12,879 $38,515 $49,302 $54,697
2022 $11,255 $35,895 $49,142 $54,034
2021 $9,984 $32,946 $49,902 $48,249
2020 $8,782 $29,040 $42,055 $45,513
2019 $9,457 $28,689 $42,872 $45,278
2018 $9,472 $25,096 $43,204 $42,527
2017 $8,943 $23,973 $42,912 $42,244
2016 $7,476 $23,023 $40,088 $39,989
2015 $10,196 $22,484 $38,649 $37,513
2014 $12,428 $23,958 $44,600 $37,331
2013 $13,478 $23,754 $42,985 $36,263
2012 $12,019 $21,367 $40,042 $33,055
2011 $11,287 $20,160 $38,426 $32,739
2010 $8,793 $18,642 $33,762 $31,305
2009 $6,938 $17,389 $28,277 $30,746
2008 $8,124 $17,278 $31,325 $29,896
2007 $6,449 $16,581 $32,480 $29,331
2006 $5,030 $14,966 $26,655 $27,732
2005 $3,577 $13,226 $27,751 $25,677
2004 $2,722 $11,777 $25,420 $25,124
2003 $1,958 $10,532 $21,914 $23,996
2002 $1,574 $9,504 $16,874 $23,306
2001 $1,422 $8,568 $13,883 $22,511
2000 $1,180 $7,418 $13,641 $21,500
1999 $1,092 $6,626 $15,322 $20,579
1998 $1,415 $6,284 $14,738 $19,323
1997 $1,382 $6,178 $17,474 $19,100
1996 $1,281 $5,836 $18,794 $18,392
1995 $1,218 $5,595 $17,400 $17,864
1994 $1,247 $5,860 $15,280 $17,108
1993 $1,355 $6,477 $13,094 $15,900
1992 $1,438 $6,945 $11,793 $14,877
1991 $1,442 $7,193 $12,230 $14,501
1990 $1,570 $7,874 $13,663 $14,812
1989 - - $13,312 -
1988 - - $13,759 -
1987 - - $12,331 -
1986 - - $9,428 -
1985 - - $7,601 -
1984 - - $6,714 -
1983 - - $7,598 -
1982 - - $7,656 -
1981 - - $7,814 -
1980 - - $7,467 -
1979 - - $6,668 -
1978 - - $5,937 -
1977 - - $4,951 -
1976 - - $4,374 -
1975 - - $4,172 -
1974 - - $4,611 -
1973 - - $4,323 -
1972 - - $3,295 -
1971 - - $2,773 -
1970 - - $2,311 -
1969 - - $2,097 -
1968 - - $1,902 -
1967 - - $2,208 -
1966 - - $2,211 -
1965 - - $2,171 -
1964 - - $2,839 -
1963 - - $2,646 -
1962 - - $2,471 -
1961 - - $2,365 -
1960 - - $2,334 -

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

GeoRank.org/economy/kazakhstan/new-zealand | CC BY

Kazakhstan's GDP per capita is $14,692, ranking 73/197, compared to $49,591 in New Zealand, ranking 26/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while New Zealand ranks 38th at $55,551.

Economic indicators

Kazakhstan New Zealand
Gross domestic product
$306B
2025
$264B
2025
GDP rank
49/197
2025
53/197
2025
GDP growth
6.5%
2024-2025
0.46%
2024-2025
GDP per capita
$14,692
2025
$49,591
2025
GDP per capita rank
73/197
2025
26/197
2025
GDP per capita, PPP
$40,891
2024
$55,551
2024
GDP per capita PPP rank
58/197
2024
38/197
2024
Government debt
$75.2B
2025
$145B
2025
Debt-to-GDP ratio
24.6%
2025
54.7%
2025
Government debt per person
$3,609
2025
$27,139
2025
Government debt per person rank
96/185
2025
27/185
2025
Average annual personal income after taxes
$8,395
2026
$36,222
2026
Market capitalization of domestic companies
$158B
2025
$103B
2025
Number of millionaires
44,307
2024
n/a
Number of billionaires
6
2026
5
2026
Income share by richest 10%
24.8%
2021
n/a
Income share by poorest 10%
4.3%
2021
n/a
Government expenditure, % of GDP
21.8%
2025
41.6%
2025
Consumer prices inflation
11.4%
2024-2025
2.84%
2024-2025
Central bank interest rate
17%
2026
2.25%
2025
Unemployment rate
4.9%
2022
5.26%
2025
Population
21211812
5380024

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
New Zealand
Spending

Debt
1x
Year % of GDP
Kazakhstan New Zealand
Government spending Government debt Government spending Government debt
2025 21.8% 24.6% 41.6% 54.7%
2024 22.7% 24.4% 41.7% 51.4%
2023 23.4% 23% 41% 47.3%
2022 21.7% 23.5% 41.7% 46.9%
2021 22.1% 25.1% 41.8% 47.5%
2020 24.5% 26.4% 41.9% 43.2%
2019 20.2% 19.9% 38.7% 31.8%
2018 18.8% 20.3% 36.1% 28.1%
2017 24.1% 19.9% 35.6% 31.1%
2016 21.5% 19.7% 36.4% 33.4%
2015 22.9% 21.9% 37.2% 34.2%
2014 21.3% 14.5% 37.6% 34.2%
2013 19.8% 12.6% 38.6% 34.6%
2012 21.9% 12.1% 39.7% 35.7%
2011 21.2% 10.2% 42.3% 34.7%
2010 22.5% 10.7% 42.9% 29.6%
2009 23.5% 10.2% 40.3% 24.3%
2008 27.1% 6.77% 38.4% 19%
2007 23.7% 4.09% 37% 16.3%
2006 19.8% 6.68% 37.8% 18.4%
2005 22% 8.1% 37.1% 20.8%
2004 21.3% 11.4% 36.1% 22.5%
2003 21.4% 15% 36.6% 24.7%
2002 20.5% 17.6% 36.7% 26.4%
2001 - - 37.2% 28.2%
2000 - - 38.2% 30%
1999 - - 39.2% 32%
1998 - - 40.1% 34.5%
1997 - - 39.3% 34.6%
1996 - - 39.8% 37.3%
1995 - - 41.6% 43.5%
1994 - - 42.7% 48.9%
1993 - - 46.7% 54.6%
1992 - - 52.4% 58.7%
1991 - - 52.9% 58%
1990 - - 49.5% 55.5%
1989 - - 47.8% 54.9%
1988 - - 46.1% 54.7%
1987 - - 46.1% 62.9%
1986 - - 46.9% 68.5%
1985 - - 46.2% 64.1%
1984 - - 40.7% 62.8%
1983 - - 41.4% 59.6%
1982 - - 39.9% 51.5%
1981 - - 39.1% 50.5%
1980 - - 38% 52.2%
1979 - - 38.4% 52%
1978 - - 36.6% 50%
1977 - - 30% 44.6%
1976 - - 31.6% 47.6%
1975 - - 30.1% 41.4%
1974 - - 27.3% 39.6%
1973 - - 27.1% 44%
1972 - - 26.4% 46%
1971 - - 26.8% 71.3%
1970 - - 24.8% 76.5%
1969 - - 25.9% 85.8%
1968 - - 26.2% 86.5%
1967 - - 26% 59.7%
1966 - - 25% 58.2%
1965 - - 24.9% 59.6%
1964 - - 19.4% 61.8%
1963 - - 19.4% 64.5%
1962 - - 21.6% 65%
1961 - - 21.1% 64.6%
1960 - - 25.3% 68.1%

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/kazakhstan/new-zealand | CC BY

In 2025, Kazakhstan's government spending was $66.9B, accounting for 21.8% of its GDP, while New Zealand spent $110B, or 41.6% of GDP.

Debt-to-GDP ratio is 24.6% in Kazakhstan and 54.7% in New Zealand, ranking 167/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

New Zealand
1x
Year Deficit/surplus, % of GDP
Kazakhstan New Zealand
2025 -3.11% -3.86%
2024 -3.43% -3.21%
2023 -1.41% -3.22%
2022 0.11% -3.96%
2021 -4.97% -3.35%
2020 -7.04% -4.21%
2019 -0.57% -2.44%
2018 2.58% 1.31%
2017 -4.27% 1.38%
2016 -4.5% 0.98%
2015 -6.26% 0.37%
2014 2.48% -0.33%
2013 4.95% -1.28%
2012 4.43% -2.18%
2011 5.81% -4.94%
2010 1.47% -5.49%
2009 -1.33% -1.8%
2008 1.23% 1.48%
2007 5.13% 3.6%
2006 7.65% 4.62%
2005 6.08% 5.13%
2004 3.29% 4.49%
2003 4% 3.69%
2002 1.92% 2.56%
2001 - 1.29%
2000 - 0.18%
1999 - -1.1%
1998 - -0.47%
1997 - 1.24%
1996 - 2.58%
1995 - 3.7%
1994 - 2%
1993 - -1.51%
1992 - -6.25%
1991 - -6.12%
1990 - -2.72%
1989 - -2.16%
1988 - -1.88%
1987 - -3.43%
1986 - -5.33%
1985 - -6.97%
1984 - -8.68%
1983 - -6.64%
1982 - -6.26%
1981 - -6.02%
1980 - -4.9%
1979 - -6.55%
1978 - -3.41%
1977 - -1.09%
1976 - -2.07%
1975 - 0.11%
1974 - 0.03%
1973 - -0.07%
1972 - 0.12%
1971 - 0.09%
1970 - -0.05%
1969 - 0.17%
1968 - 0.03%
1967 - 0.02%
1966 - 0.09%
1965 - 0.26%
1964 - -0.08%
1963 - -0.26%
1962 - 0.02%
1961 - 0.03%
1960 - 0.05%
1959 - 0.03%
1958 - -0.02%
1957 - 0.32%
1956 - 1.33%
1955 - 0.73%
1954 - 0.22%
1953 - 0.43%
1952 - 1.73%
1951 - 1.17%
1950 - 0.78%
1949 - 0.53%
1948 - 0.36%
1947 - 1.07%
1946 - 0.31%
1945 - 0.32%
1944 - 0.59%
1943 - 1.24%
1942 - 0.56%
1941 - 0.64%
1940 - 0.13%
1939 - 0.34%
1938 - 0.38%
1937 - 0.23%
1936 - 0.17%
1935 - 1.19%
1934 - -0.55%
1933 - 0.02%
1932 - -1.77%
1931 - -1.12%
1930 - 0.09%
1929 - -0.37%
1928 - 0.12%
1927 - 0.4%
1926 - 0.72%
1925 - 0.78%
1924 - 1.2%
1923 - 0.95%
1922 - -0.2%
1921 - 3.55%
1920 - 1.51%
1919 - 2.9%
1918 - 4.35%
1917 - 3.89%
1916 - 1.46%
1915 - 0.06%
1914 - 0.45%
1913 - 0.79%
1912 - 0.89%
1911 - 1.24%
1910 - 0.36%
1909 - 0.31%
1908 - 1.26%
1907 - 1.13%
1906 - 0.97%
1905 - 1.41%
1904 - 1.42%
1903 - 0.55%
1902 - 0.63%
1901 - 1.11%
1900 - 1.59%
1899 - 1.15%
1898 - 1.38%
1897 - 0.86%
1896 - 0.65%
1895 - 0.32%
1894 - 0.76%
1893 - 1.14%
1892 - 0.09%
1891 - 0.46%
1890 - 0.05%
1889 - 0.59%
1888 - -1.64%
1887 - -1.63%
1886 - -0.53%
1885 - -0.47%
1884 - -0.1%
1883 - 0.38%
1882 - 0.18%
1881 - -2.33%
1880 - -2.39%
1879 - -0.55%
1878 - -0.85%
1877 - -2.53%
1876 - -5.28%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan/new-zealand | CC BY

In 2025, Kazakhstan's government deficit, the difference between spending and revenue, was $9.54B, equivalent to 3.11% of GDP. This compares to New Zealand's deficit of $10.2B, or 3.86% of GDP.

Over the past 24 years, Kazakhstan recorded a fiscal deficit in 10 of those years, while New Zealand ran a deficit in 13 years. On average, Kazakhstan posted an annual surplus equal to 0.59% of GDP, compared to deficit of 0.44% of GDP for New Zealand.

Inflation comparison by year

Inflation
Kazakhstan

New Zealand
1x
Year Consumer prices inflation
Kazakhstan New Zealand
2025 11.4% 2.84%
2024 8.7% 2.92%
2023 14.5% 5.73%
2022 15% 7.17%
2021 8% 3.94%
2020 6.8% 1.71%
2019 5.3% 1.62%
2018 6% 1.6%
2017 7.5% 1.85%
2016 14.6% 0.65%
2015 6.8% 0.29%
2014 6.6% 1.23%
2013 5.8% 1.13%
2012 5.1% 1.06%
2011 8.4% 4.03%
2010 7.1% 2.3%
2009 7.3% 2.12%
2008 17.2% 3.96%
2007 10.8% 2.38%
2006 8.6% 3.37%
2005 7.4% 3.04%
2004 7% 2.29%
2003 6.4% 1.75%
2002 6% 2.68%
2001 8.4% 2.63%
2000 13.2% 2.62%
1999 8.3% -0.11%
1998 7.1% 1.27%
1997 17.4% 1.19%

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/kazakhstan/new-zealand | CC BY

Over the past 29 years, Kazakhstan has recorded an average annual inflation rate of 9.06%, compared with 2.39% in New Zealand. In 2025, inflation was 11.4% in Kazakhstan and 2.84% in New Zealand.

Top exports between countries

Kazakhstan
Export category Export value
Machinery & equipment $93K
Chemicals & pharma $5K
Precious metals & jewellery $1K
New Zealand
Export category Export value
Machinery & equipment $5.93M
Processed food, beverages & tobacco $301K
Transport & tourism services $200K
Animal & marine products $85K
Textiles & consumer goods $77K
Raw agricultural goods $58K
Precious metals & jewellery $29K
Raw materials & minerals $25K
Miscellaneous $24K
Metals $14K

Balance of trade

Kazakhstan New Zealand
Current account balance
-$12.5B
2025
-$9.56B
2025
Current account balance ranking
177/190
2025
174/190
2025
Current account balance, % of GDP
-4.07%
2025
-3.62%
2025
Goods imports
$66.3B
2025
$48.2B
2025
Goods exports
$77.3B
2025
$47.2B
2025
Service imports
$14B
2025
$20.3B
2025
Service exports
$12.8B
2025
$19.5B
2025
Imports of goods and services, % of GDP
25.6%
2024
26%
2024
Exports of goods and services, % of GDP
31.6%
2024
24.7%
2024

Economic freedom indices

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

Kazakhstan New Zealand
Economic freedom 64.2 77.8
Economic freedom ranking 75/197 13/197
Property rights 54.9 85.4
Government integrity 40.7 90
Judicial effectiveness 33.8 95.9
Tax burden 91.2 66.1
Government spending 85.6 48
Fiscal health 97.2 72.2
Business freedom 64.9 89.1
Labor freedom 63.5 68.6
Monetary freedom 64.3 77.4
Trade freedom 74.4 90.6
Investment freedom 50 70
Financial freedom 50 80

Economic freedom comparison by year

Kazakhstan
New Zealand
1x
Year Economic freedom index
Kazakhstan New Zealand
2026 64.2 77.8
2025 63.8 78.1
2024 62 77.8
2023 62.1 78.9
2022 64.4 80.6
2021 71.1 83.9
2020 69.6 84.1
2019 65.4 84.4
2018 69.1 84.2
2017 69 83.7
2016 63.6 81.6
2015 63.3 82.1
2014 63.7 81.2
2013 63 81.4
2012 63.6 82.1
2011 62.1 82.3
2010 61 82.1
2009 60.1 82
2008 61.1 80.7
2007 59.6 81.4
2006 60.2 82
2005 53.9 82.3
2004 49.7 81.5
2003 52.3 81.1
2002 52.4 80.7
2001 51.8 81.1
2000 50.4 80.9
1999 47.3 81.7
1998 41.7 79.2
1997 - 79
1996 - 78.1

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan/new-zealand | CC BY

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 77.8 for New Zealand, ranking 13/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan New Zealand
Services, % of GDP
57.7%
2025
68.2%
2023
Industry, % of GDP
32.3%
2025
19.4%
2023
Agriculture, forestry, and fishing, % of GDP
3.74%
2025
4.01%
2023
GNI, Atlas method
$286B
2025
$248B
2025
GNI per capita, PPP
$41,090
2025
$53,600
2025
Total reserves including gold
$66.1B
2025
$28.2B
2025
Total reserves ranking
40/177
2025
59/177
2025
Net foreign direct investment
$1.38B
2025
-$3.58B
2025
Net inflows of foreign direct investment
$2.09B
2024
$1.76B
2024
Net outflows of foreign direct investment
-$1.9B
2024
$882M
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
n/a
Poverty at national poverty lines
5%
2024
n/a
Gross capital formation, % of GDP
27.2%
2024
23.1%
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/kazakhstan/new-zealand | CC BY

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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 (1876–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, 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)

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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.