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Economy of Laos vs New Zealand compared: GDP & Debt

Updated on by Georank

Laos has a GDP of $18.3B compared to $264B for New Zealand, ranking 138/197 and 53/197 by economy size, respectively.

Laos has $14.8B in government debt (80.6% of GDP), compared to $145B (54.7% of GDP) in New Zealand.

Laos vs New Zealand GDP by year

Laos
New Zealand
1x
Year GDP, current $
Laos New Zealand
2025 $18,302,970,219 $264,057,413,740
2024 $16,502,933,121 $261,497,198,364
2023 $15,843,155,731 $256,372,177,758
2022 $15,468,785,204 $249,723,029,451
2021 $18,827,148,531 $253,732,493,988
2020 $18,981,805,250 $213,318,129,989
2019 $18,740,561,513 $213,088,034,258
2018 $18,141,641,090 $211,726,161,989
2017 $17,071,155,481 $206,561,943,051
2016 $15,912,501,723 $188,980,351,891
2015 $14,426,380,126 $178,147,457,243
2014 $13,279,245,886 $201,435,445,068
2013 $11,983,252,627 $190,943,478,290
2012 $10,192,846,339 $176,508,049,114
2011 $8,750,104,617 $168,458,838,711
2010 $7,131,771,015 $146,887,902,524
2009 $5,836,137,330 $121,663,439,315
2008 $5,446,433,157 $133,437,126,590
2007 $4,223,152,739 $137,188,946,866
2006 $3,455,030,061 $111,538,810,713
2005 $2,735,558,735 $114,720,129,550
2004 $2,366,398,120 $103,905,210,084
2003 $2,023,324,407 $88,250,885,550
2002 $1,758,176,653 $66,627,729,311
2001 $1,768,619,058 $53,872,425,917
2000 $1,731,198,022 $52,623,281,957
1999 $1,454,430,642 $58,762,260,626
1998 $1,280,177,839 $56,227,169,851
1997 $1,747,011,857 $66,075,143,415
1996 $1,873,671,550 $70,140,835,299
1995 $1,763,536,305 $63,918,703,507
1994 $1,543,606,345 $55,314,732,279
1993 $1,327,748,690 $46,775,620,817
1992 $1,127,806,945 $41,649,829,860
1991 $1,028,087,972 $42,745,329,732
1990 $865,559,879 $45,495,129,385
1989 $714,046,821 $43,920,222,525
1988 $598,961,269 $45,176,811,594
1987 $1,087,273,104 $40,376,354,070
1986 $1,776,842,097 $30,604,668,357
1985 $2,366,666,616 $24,679,795,396
1984 $1,757,142,856 $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/laos/new-zealand | CC BY

GDP per capita in Laos vs New Zealand by year

Laos
GDP per capita

GDP per capita, PPP
New Zealand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Laos New Zealand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,325 - $49,591 -
2024 $2,124 $9,776 $49,432 $55,551
2023 $2,067 $9,292 $49,302 $54,697
2022 $2,046 $8,766 $49,142 $54,034
2021 $2,526 $8,080 $49,902 $48,249
2020 $2,584 $7,913 $42,055 $45,513
2019 $2,589 $7,743 $42,872 $45,278
2018 $2,545 $7,487 $43,204 $42,527
2017 $2,432 $7,142 $42,912 $42,244
2016 $2,303 $6,743 $40,088 $39,989
2015 $2,121 $6,086 $38,649 $37,513
2014 $1,981 $5,799 $44,600 $37,331
2013 $1,813 $5,222 $42,985 $36,263
2012 $1,564 $4,781 $40,042 $33,055
2011 $1,362 $4,100 $38,426 $32,739
2010 $1,126 $3,772 $33,762 $31,305
2009 $935 $3,485 $28,277 $30,746
2008 $886 $3,271 $31,325 $29,896
2007 $697 $3,021 $32,480 $29,331
2006 $579 $2,777 $26,655 $27,732
2005 $466 $2,519 $27,751 $25,677
2004 $409 $2,315 $25,420 $25,124
2003 $355 $2,151 $21,914 $23,996
2002 $313 $2,020 $16,874 $23,306
2001 $320 $1,908 $13,883 $22,511
2000 $319 $1,794 $13,641 $21,500
1999 $272.3 $1,686 $15,322 $20,579
1998 $243.9 $1,577 $14,738 $19,323
1997 $339 $1,528 $17,474 $19,100
1996 $371 $1,435 $18,794 $18,392
1995 $358 $1,349 $17,400 $17,864
1994 $321 $1,265 $15,280 $17,108
1993 $283.4 $1,176 $13,094 $15,900
1992 $247.3 $1,114 $11,793 $14,877
1991 $231.8 $1,061 $12,230 $14,501
1990 $200.7 $1,012 $13,663 $14,812
1989 $170.4 - $13,312 -
1988 $147.1 - $13,759 -
1987 $274.7 - $12,331 -
1986 $462 - $9,428 -
1985 $633 - $7,601 -
1984 $483 - $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/laos/new-zealand | CC BY

Laos' GDP per capita is $2,325, ranking 155/197, compared to $49,591 in New Zealand, ranking 26/197. Adjusted for purchasing power (GDP per capita PPP), Laos ranks 134th at $9,776, while New Zealand ranks 38th at $55,551.

Economic indicators

Laos New Zealand
Gross domestic product
$18.3B
2025
$264B
2025
GDP rank
138/197
2025
53/197
2025
GDP growth
4.54%
2024-2025
0.46%
2024-2025
GDP per capita
$2,325
2025
$49,591
2025
GDP per capita rank
155/197
2025
26/197
2025
GDP per capita, PPP
$9,776
2024
$55,551
2024
GDP per capita PPP rank
134/197
2024
38/197
2024
Government debt
$14.8B
2025
$145B
2025
Debt-to-GDP ratio
80.6%
2025
54.7%
2025
Government debt per person
$1,874
2025
$27,139
2025
Government debt per person rank
120/185
2025
27/185
2025
Average annual personal income after taxes
$2,426
2026
$36,222
2026
Market capitalization of domestic companies n/a
$103B
2025
Number of billionaires n/a
5
2026
Income share by richest 10%
28.5%
2024
n/a
Income share by poorest 10%
3.3%
2024
n/a
Government expenditure, % of GDP
17.9%
2025
41.6%
2025
Consumer prices inflation
7.7%
2024-2025
2.84%
2024-2025
Central bank interest rate n/a
2.25%
2025
Unemployment rate
1.21%
2022
5.26%
2025
Population
8027464
5380024

Spending and national debt comparison by year

Laos
Spending

Debt
New Zealand
Spending

Debt
1x
Year % of GDP
Laos New Zealand
Government spending Government debt Government spending Government debt
2025 17.9% 80.6% 41.6% 54.7%
2024 15.8% 94.7% 41.7% 51.4%
2023 16.5% 108.9% 41% 47.3%
2022 14.7% 115.7% 41.7% 46.9%
2021 15.7% 92.2% 41.8% 47.5%
2020 18.4% 75.4% 41.9% 43.2%
2019 18.6% 69.1% 38.7% 31.8%
2018 20.7% 60.6% 36.1% 28.1%
2017 21.8% 57.2% 35.6% 31.1%
2016 21.1% 54.5% 36.4% 33.4%
2015 25.8% 53.1% 37.2% 34.2%
2014 25% 53.5% 37.6% 34.2%
2013 24.2% 49.5% 38.6% 34.6%
2012 24.7% 46.1% 39.7% 35.7%
2011 20.2% 43% 42.3% 34.7%
2010 22.4% 49.3% 42.9% 29.6%
2009 20.1% 51.8% 40.3% 24.3%
2008 16.1% 51.7% 38.4% 19%
2007 15.1% 55.9% 37% 16.3%
2006 14.7% 60% 37.8% 18.4%
2005 15.3% 73.2% 37.1% 20.8%
2004 13.6% 80.7% 36.1% 22.5%
2003 16% 90.1% 36.6% 24.7%
2002 16.6% 95.3% 36.7% 26.4%
2001 18.8% 94.7% 37.2% 28.2%
2000 19.9% - 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/laos/new-zealand | CC BY

In 2025, Laos' government spending was $3.28B, accounting for 17.9% of its GDP, while New Zealand spent $110B, or 41.6% of GDP.

Debt-to-GDP ratio is 80.6% in Laos and 54.7% in New Zealand, ranking 41/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Laos

New Zealand
1x
Year Deficit/surplus, % of GDP
Laos New Zealand
2025 1.64% -3.86%
2024 2.36% -3.21%
2023 -0.01% -3.22%
2022 0.06% -3.96%
2021 -0.67% -3.35%
2020 -5.37% -4.21%
2019 -3.2% -2.44%
2018 -4.46% 1.31%
2017 -5.51% 1.38%
2016 -5.06% 0.98%
2015 -5.57% 0.37%
2014 -3.13% -0.33%
2013 -4.03% -1.28%
2012 -2.34% -2.18%
2011 -1.43% -4.94%
2010 -1.47% -5.49%
2009 -3.1% -1.8%
2008 -1.86% 1.48%
2007 -1.12% 3.6%
2006 -1.48% 4.62%
2005 -2.54% 5.13%
2004 -1.81% 4.49%
2003 -3.89% 3.69%
2002 -2.85% 2.56%
2001 -3.68% 1.29%
2000 -3.58% 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/laos/new-zealand | CC BY

In 2025, Laos' government surplus, the difference between spending and revenue, was $300M, equivalent to 1.64% of GDP. This compares to New Zealand's deficit of $10.2B, or 3.86% of GDP.

Over the past 26 years, Laos recorded a fiscal deficit in 23 of those years, while New Zealand ran a deficit in 13 years. On average, Laos posted an annual deficit equal to 2.47% of GDP, compared to deficit of 0.35% of GDP for New Zealand.

Inflation comparison by year

Inflation
Laos

New Zealand
1x
Year Consumer prices inflation
Laos New Zealand
2025 7.7% 2.84%
2024 23.1% 2.92%
2023 31.2% 5.73%
2022 23% 7.17%
2021 3.8% 3.94%
2020 5.1% 1.71%
2019 3.3% 1.62%
2018 2% 1.6%
2017 0.8% 1.85%
2016 1.6% 0.65%
2015 1.3% 0.29%
2014 4.1% 1.23%
2013 6.4% 1.13%
2012 4.3% 1.06%
2011 7.6% 4.03%
2010 6% 2.3%
2009 0.1% 2.12%
2008 7.6% 3.96%
2007 4.7% 2.38%
2006 6.5% 3.37%
2005 7.2% 3.04%
2004 10.5% 2.29%
2003 15.5% 1.75%
2002 10.6% 2.68%
2001 7.8% 2.63%
2000 8.4% 2.62%
1999 128.4% -0.11%
1998 90.1% 1.27%
1997 19.5% 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/laos/new-zealand | CC BY

Over the past 29 years, Laos has recorded an average annual inflation rate of 15.5%, compared with 2.39% in New Zealand. In 2025, inflation was 7.7% in Laos and 2.84% in New Zealand.

Top exports between countries

Laos
Export category Export value
Textiles & consumer goods $351K
Raw agricultural goods $64K
Processed food, beverages & tobacco $23K
Chemicals & pharma $19K
Machinery & equipment $1K
New Zealand
Export category Export value
Transport & tourism services $1.6M
Machinery & equipment $769K
Textiles & consumer goods $143K
Animal & marine products $108K
Processed food, beverages & tobacco $52K
Raw agricultural goods $19K
Raw materials & minerals $8K
Chemicals & pharma $6K
Metals $4K
Wood & paper products $2K

Balance of trade

Laos New Zealand
Current account balance
$531M
2024
-$9.56B
2025
Current account balance ranking
58/190
2024
174/190
2025
Current account balance, % of GDP
+3.22%
2024
-3.62%
2025
Goods imports
$8.66B
2024
$48.2B
2025
Goods exports
$9.39B
2024
$47.2B
2025
Service imports
$1.27B
2024
$20.3B
2025
Service exports
$1.73B
2024
$19.5B
2025
Imports of goods and services, % of GDP
41.9%
2016
26%
2024
Exports of goods and services, % of GDP
33.2%
2016
24.7%
2024

Economic freedom indices

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

Laos New Zealand
Economic freedom 50.9 77.8
Economic freedom ranking 157/197 13/197
Property rights 41.1 85.4
Government integrity 25.9 90
Judicial effectiveness 10.2 95.9
Tax burden 88.5 66.1
Government spending 92.7 48
Fiscal health 80 72.2
Business freedom 54.2 89.1
Labor freedom 40.7 68.6
Monetary freedom 53.3 77.4
Trade freedom 69 90.6
Investment freedom 35 70
Financial freedom 20 80

Economic freedom comparison by year

Laos
New Zealand
1x
Year Economic freedom index
Laos New Zealand
2026 50.9 77.8
2025 51.1 78.1
2024 50.6 77.8
2023 50.3 78.9
2022 49.2 80.6
2021 53.9 83.9
2020 55.5 84.1
2019 57.4 84.4
2018 53.6 84.2
2017 54 83.7
2016 49.8 81.6
2015 51.4 82.1
2014 51.2 81.2
2013 50.1 81.4
2012 50 82.1
2011 51.3 82.3
2010 51.1 82.1
2009 50.4 82
2008 50.3 80.7
2007 50.3 81.4
2006 47.5 82
2005 44.4 82.3
2004 42 81.5
2003 41 81.1
2002 36.8 80.7
2001 33.5 81.1
2000 36.8 80.9
1999 35.2 81.7
1998 35.2 79.2
1997 35.1 79
1996 38.5 78.1

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

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

The Economic Freedom Index for Laos is 50.9, ranking 157/197, 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

Laos New Zealand
Services, % of GDP
43.6%
2025
68.2%
2023
Industry, % of GDP
29.2%
2025
19.4%
2023
Agriculture, forestry, and fishing, % of GDP
16.6%
2025
4.01%
2023
GNI, Atlas method
$16.9B
2025
$248B
2025
GNI per capita, PPP
$9,800
2025
$53,600
2025
Total reserves including gold
$2.21B
2024
$28.2B
2025
Total reserves ranking
125/177
2024
59/177
2025
Net foreign direct investment
-$988M
2024
-$3.58B
2025
Net inflows of foreign direct investment
$988M
2024
$1.76B
2024
Net outflows of foreign direct investment
$0
2024
$882M
2024
Servicing debt to the IMF, % of GNI
13.8%
2024
n/a
Poverty at national poverty lines
15%
2024
n/a
Gross capital formation, % of GDP
29%
2016
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/laos/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 (2017–2025, 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.