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Economy of Kenya vs Mexico compared: GDP & Debt

Updated on by Georank team

Kenya has a GDP of $120B compared to $1.86T for Mexico, ranking 64/197 and 13/197 by economy size, respectively.

Kenya has $81B in government debt (67.3% of GDP), compared to $1.08T (58.3% of GDP) in Mexico.

Kenya vs Mexico GDP by year

Kenya
Mexico
1x
Year GDP, current $
Kenya Mexico
2024 $120,339,557,906 $1,856,365,616,166
2023 $107,500,884,685 $1,798,317,581,487
2022 $114,448,978,153 $1,466,934,724,293
2021 $109,703,658,905 $1,316,569,466,686
2020 $100,657,505,751 $1,121,064,767,308
2019 $100,378,436,207 $1,304,106,203,902
2018 $92,202,979,985 $1,256,300,182,880
2017 $82,036,510,877 $1,190,721,475,906
2016 $74,815,144,164 $1,112,233,497,453
2015 $70,120,446,897 $1,213,294,467,717
2014 $68,285,796,514 $1,364,507,717,614
2013 $61,671,440,408 $1,327,436,290,283
2012 $56,396,704,672 $1,255,110,424,818
2011 $46,869,473,151 $1,229,013,703,417
2010 $45,405,615,064 $1,105,424,238,731
2009 $42,347,217,913 $943,437,415,025
2008 $35,895,153,328 $1,161,553,459,715
2007 $31,958,195,182 $1,102,355,554,972
2006 $25,825,512,284 $1,020,265,057,882
2005 $18,737,895,513 $917,571,853,529
2004 $16,095,337,094 $819,459,227,375
2003 $14,904,517,650 $765,549,967,703
2002 $13,147,736,899 $810,666,116,402
2001 $12,986,007,426 $796,064,590,549
2000 $12,705,350,098 $742,061,329,749
1999 $12,896,010,459 $631,249,359,702
1998 $14,093,998,844 $557,461,102,631
1997 $13,115,764,358 $523,449,530,464
1996 $12,045,865,396 $432,157,945,024
1995 $9,046,320,255 $380,157,469,867
1994 $7,148,148,564 $553,618,247,901
1993 $5,751,786,643 $530,160,763,663
1992 $8,209,120,763 $363,157,832,924
1991 $8,151,488,783 $313,139,656,146
1990 $8,572,359,038 $261,253,675,693
1989 $8,283,114,514 $221,403,098,267
1988 $8,355,380,879 $181,611,150,497
1987 $7,970,820,369 $147,542,558,209
1986 $7,239,126,568 $134,556,034,673
1985 $6,135,034,214 $195,241,069,482
1984 $6,191,437,070 $184,230,754,105
1983 $5,979,198,314 $156,167,000,433
1982 $6,431,579,357 $184,602,611,610
1981 $6,854,491,706 $263,797,827,860
1980 $7,265,315,820 $205,577,055,466
1979 $6,234,391,113 $134,531,900,899
1978 $5,303,735,111 $102,648,570,299
1977 $4,494,378,764 $81,912,018,784
1976 $3,474,542,392 $88,875,923,765
1975 $3,259,345,083 $88,000,000,000
1974 $2,969,958,812 $72,000,000,000
1973 $2,509,001,324 $55,280,000,000
1972 $2,107,279,157 $45,200,000,000
1971 $1,778,391,289 $39,200,000,000
1970 $1,603,447,359 $35,520,000,000
1969 $1,458,379,417 $32,480,000,000
1968 $1,353,295,459 $29,360,000,000
1967 $1,232,559,507 $26,560,000,000
1966 $1,164,519,674 $24,320,000,000
1965 $997,919,321 $21,840,000,000
1964 $998,759,334 $20,080,000,000
1963 $926,589,349 $16,960,000,000
1962 $868,111,401 $15,200,000,000
1961 $792,959,473 $14,160,000,000
1960 $791,265,459 $13,040,000,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/kenya/mexico | CC BY

GDP per capita in Kenya vs Mexico by year

Kenya
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kenya Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,132 $6,644 $14,186 $26,185
2023 $1,943 $6,317 $13,861 $25,243
2022 $2,110 $5,883 $11,406 $23,135
2021 $2,061 $5,339 $10,314 $20,783
2020 $1,928 $4,793 $8,841 $19,354
2019 $1,960 $4,687 $10,370 $20,964
2018 $1,836 $4,412 $10,085 $20,921
2017 $1,667 $4,177 $9,649 $20,489
2016 $1,554 $3,917 $9,098 $20,105
2015 $1,489 $3,678 $10,021 $19,071
2014 $1,483 $3,359 $11,391 $18,821
2013 $1,371 $3,106 $11,217 $18,170
2012 $1,285 $2,847 $10,744 $18,005
2011 $1,096 $2,750 $10,664 $17,267
2010 $1,092 $2,635 $9,729 $15,909
2009 $1,048 $2,480 $8,424 $15,191
2008 $916 $2,459 $10,524 $15,681
2007 $840 $2,481 $10,134 $15,032
2006 $700 $2,330 $9,513 $14,540
2005 $523 $2,189 $8,672 $13,260
2004 $464 $2,066 $7,850 $12,658
2003 $443 $1,975 $7,434 $12,066
2002 $403 $1,940 $7,983 $11,762
2001 $411 $1,961 $7,953 $11,739
2000 $415 $1,907 $7,524 $11,705
1999 $434 $1,910 $6,500 $11,031
1998 $488 $1,895 $5,833 $10,756
1997 $467 $1,865 $5,567 $10,182
1996 $441 $1,875 $4,674 $9,496
1995 $340 $1,818 $4,184 $8,933
1994 $276.4 $1,754 $6,202 $9,466
1993 $229 $1,723 $6,048 $9,041
1992 $337 $1,728 $4,221 $9,470
1991 $345 $1,756 $3,709 $9,079
1990 $374 $1,729 $3,154 $8,578
1989 $374 - $2,725 -
1988 $391 - $2,279 -
1987 $387 - $1,888 -
1986 $364 - $1,757 -
1985 $320 - $2,602 -
1984 $334 - $2,506 -
1983 $335 - $2,170 -
1982 $374 - $2,621 -
1981 $413 - $3,829 -
1980 $454 - $3,055 -
1979 $403 - $2,049 -
1978 $355 - $1,604 -
1977 $311 - $1,315 -
1976 $248.9 - $1,465 -
1975 $241.2 - $1,492 -
1974 $227.2 - $1,256 -
1973 $198.6 - $993 -
1972 $172.6 - $837 -
1971 $150.9 - $748 -
1970 $141 - $699 -
1969 $133.3 - $660 -
1968 $128.7 - $616 -
1967 $121.9 - $576 -
1966 $119.8 - $545 -
1965 $106.9 - $506 -
1964 $111.3 - $481 -
1963 $107.4 - $420 -
1962 $104.6 - $388 -
1961 $99.3 - $374 -
1960 $102.8 - $355 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/kenya/mexico | CC BY

Kenya's GDP per capita is $2,132, ranking 154/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 149th at $6,644, while Mexico ranks 80th at $26,185.

Economic indicators

Kenya Mexico
Gross domestic product
$120B
2024
$1.86T
2024
GDP rank
64/197
2024
13/197
2024
GDP growth
4.72%
2023-2024
1.43%
2023-2024
GDP per capita
$2,132
2024
$14,186
2024
GDP per capita rank
154/197
2024
69/197
2024
GDP per capita, PPP
$6,644
2024
$26,185
2024
GDP per capita PPP rank
149/197
2024
80/197
2024
Government debt
$81B
2024
$1.08T
2024
Debt-to-GDP ratio
67.3%
2024
58.3%
2024
Government debt per person
$1,436
2024
$8,272
2024
Government debt per person rank
133/185
2024
63/185
2024
Average annual personal income after taxes
$3,229
2026
$10,231
2026
Market capitalization of domestic companies
$15B
2024
$418B
2024
Number of millionaires n/a
399,000
2025
Number of billionaires n/a
22
2025
Income share by richest 10%
30.1%
2022
34.4%
2022
Income share by poorest 10%
2.9%
2022
2.1%
2022
Government expenditure, % of GDP
23.3%
2024
30.3%
2024
Consumer prices inflation
4.49%
2023-2024
4.72%
2023-2024
Central bank interest rate
9.25%
2025
7%
2025
Unemployment rate
5.44%
2022
2.62%
2024
Population
58955623
133323134

Spending and national debt comparison by year

Kenya
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Kenya Mexico
Government spending Government debt Government spending Government debt
2024 23.3% 67.3% 30.3% 58.3%
2023 22.7% 73.4% 28.5% 52.6%
2022 23.2% 67.8% 28.5% 53.8%
2021 24% 68.2% 26.7% 56.7%
2020 24.8% 68% 27.8% 58.5%
2019 24.4% 59.1% 25.3% 51.9%
2018 24.5% 56.4% 25% 52.2%
2017 25.2% 53.9% 25% 52.5%
2016 25.4% 50.4% 26.5% 55%
2015 23.8% 45.8% 26.6% 51%
2014 23.4% 41.3% 26.9% 47.1%
2013 23.2% 39.8% 26.7% 44.1%
2012 22.1% 37.6% 27% 40.8%
2011 20.1% 35.7% 26.6% 41.2%
2010 21.5% 36.7% 26.5% 40.2%
2009 20.3% 36% 26.5% 41.7%
2008 18.9% 34.3% 26.5% 40.6%
2007 18.1% 34.2% 22.5% 35.5%
2006 17.3% 37.1% 21.6% 35.8%
2005 16.2% 37.4% 21.2% 36.8%
2004 15.4% 40.8% 20.5% 38.9%
2003 16% 43.8% 21.5% 42.1%
2002 15.7% 42% 19.8% 39.9%
2001 14.9% 41.3% 19.5% 37.3%
2000 14.1% 43.1% 19.4% 38.5%
1999 13.7% 38.4% 20.1% 41.7%
1998 15.3% 38.5% 19.5% 39.7%
1997 15.6% 36% 20.7% 39.1%
1996 15.2% 40.5% 20.8% 42.5%
1995 17.3% 52.1% 18.9% 30.7%
1994 18.8% 57% 18.9% 26.8%
1993 18.9% 61.6% 18.2% 19.2%
1992 17.6% 41.2% 19% 21.5%
1991 16.4% 43% 20.1% 29.2%
1990 17.2% 37.6% 22.9% 35.7%
1989 16.3% 33.4% 19.2% 36%
1988 15.9% 33.9% 23.6% 36.5%
1987 15.5% 36.3% 26.7% 52.7%
1986 15.3% 31.3% 25.1% 47.8%
1985 15.6% 28.8% 21.4% 30.4%
1984 14.9% 25.6% 19.8% 25.2%
1983 14.6% 26.1% 21.6% 25.3%
1982 16.2% 26.9% 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

GeoRank.org/economy/kenya/mexico | CC BY

In 2024, Kenya's government spending was $28B, accounting for 23.3% of its GDP, while Mexico spent $563B, or 30.3% of GDP.

Debt-to-GDP ratio is 67.3% in Kenya and 58.3% in Mexico, ranking 64/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Kenya

Mexico
1x
Year Deficit/surplus, % of GDP
Kenya Mexico
2024 -5.77% -5.73%
2023 -5.71% -4.29%
2022 -6.06% -4.32%
2021 -7.2% -3.75%
2020 -8.13% -4.29%
2019 -7.42% -2.27%
2018 -6.94% -2.14%
2017 -7.4% -1.03%
2016 -7.47% -2.68%
2015 -6.68% -3.86%
2014 -5.75% -4.37%
2013 -5.25% -3.56%
2012 -5.29% -3.57%
2011 -3.64% -3.2%
2010 -3.67% -3.8%
2009 -3.12% -3.94%
2008 -1.95% -0.68%
2007 -0.95% -1.46%
2006 -0.43% -1.23%
2005 -0.19% -1.43%
2004 0.5% -1.35%
2003 -0.73% -2.24%
2002 -1.29% -2.18%
2001 -0.53% -2.57%
2000 0.38% -2.69%
1999 0.84% -4.49%
1998 -0.03% -4.49%
1997 -0.91% -3.48%
1996 -0.49% -3.66%
1995 -0.23% -2.28%
1994 -4.14% -2.25%
1993 -8.57% -1.51%
1992 -8.28% 2.26%
1991 -6.56% 1.49%
1990 -3.28% -3.11%
1989 -2.39% -4.75%
1988 -1.97% -8.76%
1987 -2.27% -11.6%
1986 -2.98% -11.2%
1985 -3.05% -7.2%
1984 -2.55% -5.79%
1983 -2.17% -6.03%
1982 -3.07% -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/kenya/mexico | CC BY

In 2024, Kenya's government deficit, the difference between spending and revenue, was $6.94B, equivalent to 5.77% of GDP. This compares to Mexico's deficit of $106B, or 5.73% of GDP.

Over the past 43 years, Kenya recorded a fiscal deficit in 40 of those years, while Mexico ran a deficit in 41 years. On average, Kenya posted an annual deficit equal to 3.55% of GDP, compared to deficit of 3.74% of GDP for Mexico.

Inflation comparison by year

Inflation
Kenya

Mexico
1x
Year Consumer prices inflation
Kenya Mexico
2024 4.49% 4.72%
2023 7.67% 5.53%
2022 7.66% 7.9%
2021 6.11% 5.69%
2020 5.41% 3.4%
2019 5.24% 3.64%
2018 4.69% 4.9%
2017 8.01% 6.04%
2016 6.3% 2.82%
2015 6.58% 2.72%
2014 6.88% 4.02%
2013 5.72% 3.81%
2012 9.38% 4.11%
2011 14% 3.41%
2010 3.96% 4.16%
2009 9.23% 5.3%
2008 26.2% 5.12%
2007 9.76% 3.97%
2006 14.5% 3.63%
2005 10.3% 3.99%
2004 11.6% 4.69%
2003 9.82% 4.55%
2002 1.96% 5.03%
2001 5.74% 6.37%
2000 9.98% 9.49%
1999 5.74% 16.6%
1998 6.72% 15.9%
1997 11.4% 20.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/kenya/mexico | CC BY

Over the past 28 years, Kenya has recorded an average annual inflation rate of 8.39%, compared with 6.15% in Mexico. In 2024, inflation was 4.49% in Kenya and 4.72% in Mexico.

Top exports between countries

Kenya
Export category Export value
Processed food, beverages & tobacco $8.62M
Raw materials & minerals $2.93M
Textiles & consumer goods $2.56M
Raw agricultural goods $440K
Machinery & equipment $254K
Animal & marine products $25K
Chemicals & pharma $3K
Wood & paper products $3K
Precious metals & jewellery $2K
Metals $1K
Mexico
Export category Export value
Machinery & equipment $2.52M
Chemicals & pharma $221K
Processed food, beverages & tobacco $208K
Miscellaneous $25K
Textiles & consumer goods $18K
Metals $16K

Balance of trade

Kenya Mexico
Current account balance
-$1.55B
2024
-$16.7B
2024
Current account balance ranking
134/190
2024
181/190
2024
Current account balance, % of GDP
-1.29%
2024
-0.9%
2024
Goods imports
$22.2B
2024
$637B
2024
Goods exports
$12.5B
2024
$618B
2024
Service imports
$5.64B
2024
$72B
2024
Service exports
$8.04B
2024
$63B
2024
Imports of goods and services, % of GDP
23.1%
2024
37.9%
2024
Exports of goods and services, % of GDP
17.1%
2024
36.7%
2024

Economic freedom indices

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

Kenya Mexico
Economic freedom 55.5 59.8
Economic freedom ranking 128/197 102/197
Property rights 40.2 37.6
Government integrity 32.7 28.8
Judicial effectiveness 47 40.4
Tax burden 76.3 75.4
Government spending 84.1 74.6
Fiscal health 36.2 56.7
Business freedom 61.5 67
Labor freedom 56.5 57.3
Monetary freedom 75.1 70.6
Trade freedom 52 74.2
Investment freedom 55 75
Financial freedom 50 60

Economic freedom comparison by year

Kenya
Mexico
1x
Year Economic freedom index
Kenya Mexico
2026 55.5 59.8
2025 54.8 61.3
2024 53.6 62
2023 52.5 63.2
2022 52.6 63.7
2021 54.9 65.5
2020 55.3 66
2019 55.1 64.7
2018 54.7 64.8
2017 53.5 63.6
2016 57.5 65.2
2015 55.6 66.4
2014 57.1 66.8
2013 55.9 67
2012 57.5 65.3
2011 57.4 67.8
2010 57.5 68.3
2009 58.7 65.8
2008 59.3 66.2
2007 59.6 66
2006 59.7 64.7
2005 57.9 65.2
2004 57.7 66
2003 58.6 65.3
2002 58.2 63
2001 57.6 60.6
2000 59.7 59.3
1999 58.2 58.5
1998 58.4 57.9
1997 60.1 57.1
1996 56.4 61.2
1995 54.5 63.1

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

GeoRank.org/economy/kenya/mexico | CC BY

The Economic Freedom Index for Kenya is 55.5, ranking 128/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kenya Mexico
Services, % of GDP
55.3%
2024
58.1%
2024
Industry, % of GDP
16.5%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
22.5%
2024
3.72%
2024
GNI, Atlas method
$118B
2024
$1.68T
2024
GNI per capita, PPP
$6,540
2024
$25,460
2024
Total reserves including gold
$10.1B
2024
$232B
2024
Total reserves ranking
75/177
2024
16/177
2024
Net foreign direct investment
-$45.8M
2024
-$32.3B
2024
Net inflows of foreign direct investment
$463M
2024
$45.5B
2024
Net outflows of foreign direct investment
$418M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
4.79%
2024
3.71%
2024
Poverty at national poverty lines
39.8%
2022
29.6%
2024
Gross capital formation, % of GDP
16.8%
2024
24.1%
2024

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/kenya/mexico | 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 (1900–1997, 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)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.