Skip to content

Economy of Lesotho vs Switzerland compared: GDP & Debt

Updated on by Georank

Lesotho has a GDP of $2.57B compared to $1.04T for Switzerland, ranking 175/197 and 20/197 by economy size, respectively.

Lesotho has $1.26B in government debt (49.1% of GDP), compared to $411B (39.4% of GDP) in Switzerland.

Lesotho vs Switzerland GDP by year

Lesotho
Switzerland
1x
Year GDP, current $
Lesotho Switzerland
2025 $2,573,572,920 $1,043,529,899,251
2024 $2,391,282,548 $969,919,786,395
2023 $2,129,871,530 $928,435,275,852
2022 $2,354,980,960 $858,479,038,994
2021 $2,412,130,057 $840,710,023,481
2020 $2,053,699,864 $756,096,180,222
2019 $2,390,702,296 $736,384,764,157
2018 $2,556,247,292 $740,766,531,454
2017 $2,306,741,672 $706,660,443,624
2016 $2,114,426,452 $698,607,778,795
2015 $2,359,686,725 $706,199,008,879
2014 $2,441,063,054 $741,168,119,617
2013 $2,367,112,932 $718,748,402,260
2012 $2,477,702,216 $697,882,536,677
2011 $2,579,409,620 $727,231,637,102
2010 $2,234,754,242 $609,999,593,542
2009 $1,740,894,965 $563,659,557,945
2008 $1,766,902,709 $574,703,945,157
2007 $1,682,131,785 $498,993,845,385
2006 $1,800,092,564 $448,364,681,767
2005 $1,682,343,527 $424,511,048,024
2004 $1,511,236,656 $409,012,909,530
2003 $1,157,825,435 $366,563,952,625
2002 $775,777,239 $313,930,961,761
2001 $825,706,961 $290,160,142,214
2000 $887,291,688 $282,327,351,966
1999 $912,773,681 $301,911,268,140
1998 $928,460,893 $306,907,741,068
1997 $998,004,259 $298,868,250,534
1996 $946,112,493 $345,373,647,249
1995 $1,001,894,000 $358,152,520,085
1994 $878,250,945 $305,916,331,798
1993 $835,582,062 $276,339,744,180
1992 $831,029,862 $284,139,428,246
1991 $704,325,367 $272,953,645,746
1990 $596,410,264 $269,768,238,555
1989 $495,409,233 $211,241,694,480
1988 $470,395,801 $218,788,504,066
1987 $402,768,324 $202,238,567,597
1986 $318,858,423 $161,487,171,049
1985 $268,629,926 $112,652,623,418
1984 $333,163,670 $111,104,641,869
1983 $386,699,309 $116,361,728,836
1982 $348,741,684 $116,776,899,473
1981 $434,188,034 $113,936,168,924
1980 $431,542,537 $124,404,609,417
1979 $290,134,593 $116,702,524,208
1978 $266,570,067 $103,821,687,919
1977 $193,315,048 $74,237,819,014
1976 $147,660,037 $69,508,364,538
1975 $149,558,896 $66,452,559,176
1974 $150,851,317 $57,963,469,607
1973 $121,188,716 $50,296,651,921
1972 $80,913,200 $37,399,508,287
1971 $76,480,285 $30,492,832,676
1970 $68,739,973 $25,374,750,743
1969 $65,967,974 $22,780,211,812
1968 $61,445,975 $21,024,203,656
1967 $59,261,976 $19,689,329,510
1966 $56,699,977 $18,290,928,227
1965 $54,879,978 $17,033,079,428
1964 $51,939,979 $16,071,715,835
1963 $47,039,981 $14,499,109,270
1962 $41,859,983 $13,185,384,691
1961 $35,699,986 $11,889,851,950
1960 $34,579,986 $10,569,129,806

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

GeoRank.org/economy/lesotho/switzerland | CC BY

GDP per capita in Lesotho vs Switzerland by year

Lesotho
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lesotho Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,089 - $114,769 -
2024 $1,023 $3,001 $107,702 $96,498
2023 $921 $2,881 $104,450 $95,142
2022 $1,030 $2,761 $97,809 $94,421
2021 $1,067 $2,545 $96,583 $81,001
2020 $919 $2,559 $87,530 $72,998
2019 $1,082 $2,568 $85,873 $73,732
2018 $1,171 $2,632 $87,002 $70,689
2017 $1,069 $2,619 $83,610 $68,194
2016 $992 $2,942 $83,432 $67,351
2015 $1,121 $3,035 $85,265 $65,265
2014 $1,174 $2,771 $90,512 $63,417
2013 $1,151 $2,538 $88,851 $61,656
2012 $1,218 $2,291 $87,270 $59,441
2011 $1,281 $2,279 $91,910 $57,494
2010 $1,119 $2,153 $77,956 $54,426
2009 $879 $2,036 $72,788 $52,999
2008 $898 $2,064 $75,148 $53,809
2007 $861 $1,932 $66,082 $50,928
2006 $925 $1,813 $59,910 $46,266
2005 $861 $1,681 $57,080 $41,525
2004 $767 $1,561 $55,350 $40,171
2003 $583 $1,484 $49,947 $38,732
2002 $389 $1,385 $43,094 $38,705
2001 $413 $1,350 $40,134 $37,819
2000 $443 $1,273 $39,298 $36,703
1999 $456 $1,199 $42,261 $34,743
1998 $465 $1,179 $43,166 $33,860
1997 $502 $1,154 $42,160 $32,736
1996 $480 $1,103 $48,838 $31,509
1995 $513 $1,037 $50,869 $30,842
1994 $456 $995 $43,741 $30,265
1993 $439 $932 $39,828 $29,495
1992 $444 $893 $41,327 $29,113
1991 $382 $830 $40,140 $28,792
1990 $330 $764 $40,171 $28,461
1989 $279 - $31,780 -
1988 $270.4 - $33,183 -
1987 $236.5 - $30,899 -
1986 $191.4 - $24,828 -
1985 $165.4 - $17,411 -
1984 $211 - $17,247 -
1983 $252 - $18,128 -
1982 $233.9 - $18,271 -
1981 $299.8 - $17,931 -
1980 $307 - $19,686 -
1979 $212.4 - $18,541 -
1978 $200.8 - $16,528 -
1977 $149.9 - $11,819 -
1976 $117.8 - $11,029 -
1975 $123.2 - $10,484 -
1974 $128.7 - $9,140 -
1973 $107 - $7,974 -
1972 $74 - $5,973 -
1971 $72.4 - $4,908 -
1970 $67.4 - $4,105 -
1969 $67.1 - $3,712 -
1968 $64.8 - $3,465 -
1967 $64.8 - $3,286 -
1966 $64.3 - $3,091 -
1965 $64.3 - $2,908 -
1964 $62.6 - $2,776 -
1963 $58.4 - $2,546 -
1962 $53.5 - $2,366 -
1961 $47 - $2,188 -
1960 $47 - $1,984 -

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

GeoRank.org/economy/lesotho/switzerland | CC BY

Lesotho's GDP per capita is $1,089, ranking 179/197, compared to $114,769 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Lesotho ranks 180th at $3,001, while Switzerland ranks 8th at $96,498.

Economic indicators

Lesotho Switzerland
Gross domestic product
$2.57B
2025
$1.04T
2025
GDP rank
175/197
2025
20/197
2025
GDP growth
1.98%
2024-2025
1.3%
2024-2025
GDP per capita
$1,089
2025
$114,769
2025
GDP per capita rank
179/197
2025
5/197
2025
GDP per capita, PPP
$3,001
2024
$96,498
2024
GDP per capita PPP rank
180/197
2024
8/197
2024
Government debt
$1.26B
2025
$411B
2025
Debt-to-GDP ratio
49.1%
2025
39.4%
2025
Government debt per person
$535
2025
$45,239
2025
Government debt per person rank
165/185
2025
12/185
2025
Average annual personal income after taxes
$1,455
2026
$89,347
2026
Market capitalization of domestic companies n/a
$2.51T
2025
Number of millionaires n/a
944,000
2026
Number of billionaires n/a
45
2026
Income share by richest 10%
32.9%
2017
26.6%
2022
Income share by poorest 10%
1.7%
2017
2.9%
2022
Government expenditure, % of GDP
54.2%
2025
31.2%
2025
Consumer prices inflation
4.27%
2024-2025
0.15%
2024-2025
Central bank interest rate
6.5%
2025
0%
2025
Unemployment rate
18.7%
2024
4.84%
2025
Population
2402837
9155878

Spending and national debt comparison by year

Lesotho
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Lesotho Switzerland
Government spending Government debt Government spending Government debt
2025 54.2% 49.1% 31.2% 39.4%
2024 52.5% 52.8% 31.3% 40.5%
2023 49% 61.1% 30.9% 37.3%
2022 50.8% 64.4% 30.5% 35.9%
2021 53.6% 58% 33.4% 39.7%
2020 54.2% 54.7% 36.3% 42.4%
2019 52.9% 58.2% 31.3% 38.8%
2018 51.9% 48.2% 31.1% 39%
2017 50.4% 41% 31.9% 41.1%
2016 54.1% 41.5% 31.9% 40.3%
2015 51.7% 45.8% 31.9% 41.4%
2014 50.1% 41.5% 31.5% 41.2%
2013 58.4% 41.2% 32% 41.2%
2012 58.1% 39.8% 31.1% 41.9%
2011 60.2% 36.2% 31% 41.2%
2010 55.3% 33.8% 30.9% 40.7%
2009 66.4% 35.9% 31.2% 42.4%
2008 54.1% 47% 29.6% 44.2%
2007 48.1% 49.6% 29% 44%
2006 43.2% 43.7% 30.1% 47.7%
2005 37.6% 41% 31.9% 54.1%
2004 36.3% 49.4% 32.6% 57.1%
2003 39.8% 52.6% 32.8% 56.2%
2002 41.2% 79.6% 33.6% 56.9%
2001 41.4% 108.7% 31.2% 50.5%
2000 39.3% 88.5% 31.9% 51.7%
1999 50.8% 83% 32.8% 52%
1998 51.4% 79.4% 32.3% 55.3%
1997 44.6% 65.7% 32.5% 52.9%
1996 41.5% 71.6% 32.5% 50.6%
1995 42.1% 62.8% 32% 49.3%
1994 40.2% 67% 32% 46.4%
1993 36% 71.2% 31.9% 43.7%
1992 35.3% 64.4% 30.8% 38.9%
1991 31.3% 11.9% 29% 34.6%
1990 32.9% 18% 27.2% 32.8%
1989 35.8% 112.5% 30% 32.5%
1988 35.3% 105.2% 30.3% 35%
1987 40.3% 97.4% 29.8% 36.5%
1986 33.2% 92.5% 29.8% 37.6%
1985 32.8% 86.3% 30.1% 39.1%
1984 26.8% 57.2% 30.4% 39.8%
1983 27.2% 56.7% 31.2% 40.2%
1982 29.9% 61.4% 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

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/lesotho/switzerland | CC BY

In 2025, Lesotho's government spending was $1.4B, accounting for 54.2% of its GDP, while Switzerland spent $326B, or 31.2% of GDP.

Debt-to-GDP ratio is 49.1% in Lesotho and 39.4% in Switzerland, ranking 106/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Lesotho

Switzerland
1x
Year Deficit/surplus, % of GDP
Lesotho Switzerland
2025 2.15% 0.45%
2024 8.17% 0.53%
2023 7.36% 0.12%
2022 -6.33% 1.15%
2021 -4.79% -0.28%
2020 1.45% -2.96%
2019 -5.09% 1.31%
2018 -4.41% 1.26%
2017 -2.02% 1.11%
2016 -9.43% 0.23%
2015 -1.38% 0.54%
2014 3.16% -0.24%
2013 -2.58% -0.42%
2012 4.56% 0.23%
2011 -9.85% 0.67%
2010 -1.49% 0.35%
2009 -4.16% 0.49%
2008 8.1% 1.91%
2007 10.8% 1.55%
2006 11.6% 0.83%
2005 4.46% -0.64%
2004 6.05% -1.37%
2003 0.89% -1.34%
2002 -2.44% -1.72%
2001 -2.76% 0.2%
2000 -0.95% 0.28%
1999 -15.3% -1.55%
1998 -11.8% -1.29%
1997 0.27% -2.3%
1996 2.11% -1.98%
1995 5.13% -1.83%
1994 5.69% -2.55%
1993 7.55% -3.1%
1992 4.65% -2.92%
1991 9.74% -1.82%
1990 8.78% -0.05%
1989 3.88% 0.2%
1988 -1.87% 0.42%
1987 -2.85% 0.78%
1986 0.87% 0.93%
1985 1.68% -0.25%
1984 4.82% -0.52%
1983 1.85% -1.23%
1982 -2.03% -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/lesotho/switzerland | CC BY

In 2025, Lesotho's government surplus, the difference between spending and revenue, was $55.4M, equivalent to 2.15% of GDP. This compares to Switzerland's surplus of $4.71B, or 0.45% of GDP.

Over the past 44 years, Lesotho recorded a fiscal deficit in 19 of those years, while Switzerland ran a deficit in 22 years. On average, Lesotho posted an annual surplus equal to 0.78% of GDP, compared to deficit of 0.36% of GDP for Switzerland.

Inflation comparison by year

Inflation
Lesotho

Switzerland
1x
Year Consumer prices inflation
Lesotho Switzerland
2025 4.27% 0.15%
2024 6.11% 1.06%
2023 6.34% 2.14%
2022 8.27% 2.84%
2021 6.05% 0.58%
2020 4.98% -0.73%
2019 5.19% 0.36%
2018 4.75% 0.94%
2017 4.45% 0.53%
2016 6.6% -0.43%
2015 3.22% -1.14%
2014 5.37% -0.01%
2013 4.87% -0.22%
2012 6.05% -0.69%
2011 5.04% 0.23%
2010 -2.41% 0.69%
2009 -16.9% -0.48%
2008 10.7% 2.43%
2007 8.01% 0.73%
2006 6.07% 1.06%
2005 3.44% 1.17%
2004 5.02% 0.8%
2003 6.63% 0.64%
2002 33.8% 0.64%
2001 -9.62% 0.99%
2000 6.13% 1.56%
1999 - 0.81%
1998 - 0.02%
1997 - 0.52%

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

GeoRank.org/economy/lesotho/switzerland | CC BY

Over the past 26 years, Lesotho has recorded an average annual inflation rate of 5.1%, compared with 0.61% in Switzerland. In 2025, inflation was 4.27% in Lesotho and 0.15% in Switzerland.

Top exports between countries

Lesotho
Export category Export value
Machinery & equipment $1K
Textiles & consumer goods $1K
Switzerland
Export category Export value
Machinery & equipment $955K
Chemicals & pharma $19K
Metals $11K
Raw agricultural goods $3K
Wood & paper products $2K
Raw materials & minerals $1K

Balance of trade

Lesotho Switzerland
Current account balance
-$3.94M
2025
$72.9B
2025
Current account balance ranking
71/190
2025
11/190
2025
Current account balance, % of GDP
-0.15%
2025
+6.98%
2025
Goods imports
$1.69B
2025
$508B
2025
Goods exports
$933M
2025
$617B
2025
Service imports
$467M
2025
$214B
2025
Service exports
$16M
2025
$195B
2025
Imports of goods and services, % of GDP
104.5%
2025
69.1%
2025
Exports of goods and services, % of GDP
49.5%
2025
78.1%
2025

Economic freedom indices

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

Lesotho Switzerland
Economic freedom 54.9 83.7
Economic freedom ranking 130/197 2/197
Property rights 41.7 94.4
Government integrity 39.6 93.3
Judicial effectiveness 43.6 98.3
Tax burden 76.4 70.9
Government spending 21.3 69.5
Fiscal health 93.5 97.2
Business freedom 50.6 86.3
Labor freedom 57 60
Monetary freedom 74.8 82.3
Trade freedom 65.4 87
Investment freedom 55 85
Financial freedom 40 80

Economic freedom comparison by year

Lesotho
Switzerland
1x
Year Economic freedom index
Lesotho Switzerland
2026 54.9 83.7
2025 54.1 83.7
2024 51.9 83
2023 51.6 83.8
2022 48.1 84.2
2021 53.5 81.9
2020 54.5 82
2019 53.1 81.9
2018 53.9 81.7
2017 53.9 81.5
2016 50.6 81
2015 49.6 80.5
2014 49.5 81.6
2013 47.9 81
2012 46.6 81.1
2011 47.5 81.9
2010 48.1 81.1
2009 49.7 79.4
2008 52.1 79.5
2007 53.2 78
2006 54.7 78.9
2005 53.9 79.3
2004 50.3 79.5
2003 52 79
2002 48.9 79.3
2001 50.6 76
2000 48.4 76.8
1999 48.2 79.1
1998 48.4 79
1997 47.2 78.6
1996 47 76.8

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

GeoRank.org/economy/lesotho/switzerland | CC BY

The Economic Freedom Index for Lesotho is 54.9, ranking 130/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lesotho Switzerland
Services, % of GDP
55.6%
2025
71.7%
2025
Industry, % of GDP
25.2%
2025
25%
2025
Agriculture, forestry, and fishing, % of GDP
6.49%
2025
0.64%
2025
GNI, Atlas method
$3.03B
2025
$1T
2025
GNI per capita, PPP
$3,900
2025
$101,690
2025
Total reserves including gold
$1.01B
2024
$1.08T
2025
Total reserves ranking
142/177
2024
4/177
2025
Net foreign direct investment
$5.77M
2025
$37.6B
2025
Net inflows of foreign direct investment
-$12.6M
2024
-$108B
2024
Net outflows of foreign direct investment
$0
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
3.79%
2024
n/a
Poverty at national poverty lines
49.7%
2017
15.8%
2021
Gross capital formation, % of GDP
31.2%
2025
29.5%
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).

GeoRank.org/economy/lesotho/switzerland | 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 (1899–1989, 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)

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.