Skip to content

Economy of Lesotho vs United States compared: GDP & Debt

Updated on by Georank

Lesotho has a GDP of $2.57B compared to $30.8T for the United States, ranking 175/197 and 1/197 by economy size, respectively.

Lesotho has $1.26B in government debt (49.1% of GDP), compared to $38.1T (123.9% of GDP) in the United States.

Lesotho vs United States GDP by year

Lesotho
United States
1x
Year GDP, current $
Lesotho United States
2025 $2,573,572,920 $30,769,700,000,000
2024 $2,391,282,548 $29,298,013,000,000
2023 $2,129,871,530 $27,811,517,000,000
2022 $2,354,980,960 $26,054,614,000,000
2021 $2,412,130,057 $23,725,645,000,000
2020 $2,053,699,864 $21,375,281,000,000
2019 $2,390,702,296 $21,539,982,000,000
2018 $2,556,247,292 $20,656,516,000,000
2017 $2,306,741,672 $19,612,102,000,000
2016 $2,114,426,452 $18,804,913,000,000
2015 $2,359,686,725 $18,295,019,000,000
2014 $2,441,063,054 $17,608,138,000,000
2013 $2,367,112,932 $16,880,683,000,000
2012 $2,477,702,216 $16,253,970,000,000
2011 $2,579,409,620 $15,599,732,000,000
2010 $2,234,754,242 $15,048,971,000,000
2009 $1,740,894,965 $14,478,067,000,000
2008 $1,766,902,709 $14,769,862,000,000
2007 $1,682,131,785 $14,474,228,000,000
2006 $1,800,092,564 $13,815,583,000,000
2005 $1,682,343,527 $13,039,197,000,000
2004 $1,511,236,656 $12,217,196,000,000
2003 $1,157,825,435 $11,456,450,000,000
2002 $775,777,239 $10,929,108,000,000
2001 $825,706,961 $10,581,929,000,000
2000 $887,291,688 $10,250,952,000,000
1999 $912,773,681 $9,631,172,000,000
1998 $928,460,893 $9,062,817,000,000
1997 $998,004,259 $8,577,552,000,000
1996 $946,112,493 $8,073,122,000,000
1995 $1,001,894,000 $7,639,749,000,000
1994 $878,250,945 $7,287,236,000,000
1993 $835,582,062 $6,858,559,000,000
1992 $831,029,862 $6,520,327,000,000
1991 $704,325,367 $6,158,129,000,000
1990 $596,410,264 $5,963,144,000,000
1989 $495,409,233 $5,641,580,000,000
1988 $470,395,801 $5,236,438,000,000
1987 $402,768,324 $4,855,215,000,000
1986 $318,858,423 $4,579,631,000,000
1985 $268,629,926 $4,338,979,000,000
1984 $333,163,670 $4,037,613,000,000
1983 $386,699,309 $3,634,038,000,000
1982 $348,741,684 $3,343,789,000,000
1981 $434,188,034 $3,207,041,000,000
1980 $431,542,537 $2,857,307,000,000
1979 $290,134,593 $2,627,333,000,000
1978 $266,570,067 $2,351,599,000,000
1977 $193,315,048 $2,081,826,000,000
1976 $147,660,037 $1,873,412,000,000
1975 $149,558,896 $1,684,904,000,000
1974 $150,851,317 $1,545,243,000,000
1973 $121,188,716 $1,425,376,000,000
1972 $80,913,200 $1,279,110,000,000
1971 $76,480,285 $1,164,850,000,000
1970 $68,739,973 $1,073,303,000,000
1969 $65,967,974 $1,017,438,172,414
1968 $61,445,975 $940,225,000,000
1967 $59,261,976 $859,620,034,483
1966 $56,699,977 $813,032,758,621
1965 $54,879,978 $741,904,862,069
1964 $51,939,979 $684,144,620,690
1963 $47,039,981 $637,058,551,724
1962 $41,859,983 $603,639,413,793
1961 $35,699,986 $561,940,310,345
1960 $34,579,986 $541,988,586,207

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

GeoRank.org/economy/lesotho/united-states | CC BY

GDP per capita in Lesotho vs United States by year

Lesotho
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lesotho United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,089 - $90,027 -
2024 $1,023 $3,001 $86,143 $85,810
2023 $921 $2,881 $83,041 $82,305
2022 $1,030 $2,761 $78,178 $77,861
2021 $1,067 $2,545 $71,486 $71,307
2020 $919 $2,559 $64,475 $64,402
2019 $1,082 $2,568 $65,605 $65,228
2018 $1,171 $2,632 $63,201 $62,876
2017 $1,069 $2,619 $60,322 $60,048
2016 $992 $2,942 $58,207 $57,977
2015 $1,121 $3,035 $57,040 $56,849
2014 $1,174 $2,771 $55,304 $55,153
2013 $1,151 $2,538 $53,410 $53,297
2012 $1,218 $2,291 $51,784 $51,708
2011 $1,281 $2,279 $50,066 $50,025
2010 $1,119 $2,153 $48,651 $48,643
2009 $879 $2,036 $47,195 $47,195
2008 $898 $2,064 $48,570 $48,570
2007 $861 $1,932 $48,050 $48,050
2006 $925 $1,813 $46,302 $46,302
2005 $861 $1,681 $44,123 $44,123
2004 $767 $1,561 $41,725 $41,725
2003 $583 $1,484 $39,490 $39,490
2002 $389 $1,385 $37,998 $37,998
2001 $413 $1,350 $37,134 $37,134
2000 $443 $1,273 $36,330 $36,330
1999 $456 $1,199 $34,484 $34,515
1998 $465 $1,179 $32,823 $32,854
1997 $502 $1,154 $31,430 $31,459
1996 $480 $1,103 $29,937 $29,968
1995 $513 $1,037 $28,661 $28,691
1994 $456 $995 $27,662 $27,695
1993 $439 $932 $26,353 $26,387
1992 $444 $893 $25,381 $25,419
1991 $382 $830 $24,293 $24,342
1990 $330 $764 $23,840 $23,889
1989 $279 - $22,857 -
1988 $270.4 - $21,417 -
1987 $236.5 - $20,039 -
1986 $191.4 - $19,071 -
1985 $165.4 - $18,237 -
1984 $211 - $17,121 -
1983 $252 - $15,544 -
1982 $233.9 - $14,434 -
1981 $299.8 - $13,976 -
1980 $307 - $12,613 -
1979 $212.4 - $11,674 -
1978 $200.8 - $10,565 -
1977 $149.9 - $9,453 -
1976 $117.8 - $8,592 -
1975 $123.2 - $7,801 -
1974 $128.7 - $7,226 -
1973 $107 - $6,726 -
1972 $74 - $6,094 -
1971 $72.4 - $5,609 -
1970 $67.4 - $5,234 -
1969 $67.1 - $5,020 -
1968 $64.8 - $4,685 -
1967 $64.8 - $4,326 -
1966 $64.3 - $4,136 -
1965 $64.3 - $3,818 -
1964 $62.6 - $3,565 -
1963 $58.4 - $3,366 -
1962 $53.5 - $3,236 -
1961 $47 - $3,059 -
1960 $47 - $3,000 -

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

GeoRank.org/economy/lesotho/united-states | CC BY

Lesotho's GDP per capita is $1,089, ranking 179/197, compared to $90,027 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Lesotho ranks 180th at $3,001, while the United States ranks 12th at $85,810.

Economic indicators

Lesotho United States
Gross domestic product
$2.57B
2025
$30.8T
2025
GDP rank
175/197
2025
1/197
2025
GDP growth
1.98%
2024-2025
2.16%
2024-2025
GDP per capita
$1,089
2025
$90,027
2025
GDP per capita rank
179/197
2025
10/197
2025
GDP per capita, PPP
$3,001
2024
$85,810
2024
GDP per capita PPP rank
180/197
2024
12/197
2024
Government debt
$1.26B
2025
$38.1T
2025
Debt-to-GDP ratio
49.1%
2025
123.9%
2025
Government debt per person
$535
2025
$111,531
2025
Government debt per person rank
165/185
2025
2/185
2025
Average annual personal income after taxes
$1,455
2026
$54,600
2026
Market capitalization of domestic companies n/a
$68.9T
2025
Number of millionaires n/a
23,627,000
2026
Number of billionaires n/a
989
2026
Income share by richest 10%
32.9%
2017
30.7%
2024
Income share by poorest 10%
1.7%
2017
1.7%
2024
Government expenditure, % of GDP
54.2%
2025
37.7%
2025
Consumer prices inflation
4.27%
2024-2025
2.95%
2023-2024
Central bank interest rate
6.5%
2025
3.75%
2025
Unemployment rate
18.7%
2024
4.28%
2025
Population
2402837
344434632

Spending and national debt comparison by year

Lesotho
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Lesotho United States
Government spending Government debt Government spending Government debt
2025 54.2% 49.1% 37.7% 123.9%
2024 52.5% 52.8% 37.7% 122.3%
2023 49% 61.1% 37.5% 120%
2022 50.8% 64.4% 36.8% 119.1%
2021 53.6% 58% 43.2% 125%
2020 54.2% 54.7% 44.7% 132.6%
2019 52.9% 58.2% 35.8% 108.8%
2018 51.9% 48.2% 35.3% 107.7%
2017 50.4% 41% 35.2% 106.4%
2016 54.1% 41.5% 35.3% 107.4%
2015 51.7% 45.8% 35% 105.4%
2014 50.1% 41.5% 35.3% 104.9%
2013 58.4% 41.2% 35.8% 105%
2012 58.1% 39.8% 37.2% 103.7%
2011 60.2% 36.2% 38.8% 100%
2010 55.3% 33.8% 39.8% 95.7%
2009 66.4% 35.9% 41.4% 87.1%
2008 54.1% 47% 37.1% 73.8%
2007 48.1% 49.6% 34.6% 64.9%
2006 43.2% 43.7% 33.7% 64.5%
2005 37.6% 41% 33.9% 65.8%
2004 36.3% 49.4% 33.7% 66.4%
2003 39.8% 52.6% 34% 59%
2002 41.2% 79.6% 33.7% 55.9%
2001 41.4% 108.7% 32.8% 53.5%
2000 39.3% 88.5% 31.7% 54.5%
1999 50.8% 83% 32.2% 60.5%
1998 51.4% 79.4% 32.8% 64.2%
1997 44.6% 65.7% 33.7% 67.4%
1996 41.5% 71.6% 34.7% 69.9%
1995 42.1% 62.8% 35.5% 70.7%
1994 40.2% 67% 35.5% 71.1%
1993 36% 71.2% 36.4% 71.9%
1992 35.3% 64.4% 36.7% 70.3%
1991 31.3% 11.9% 35.7% 67.9%
1990 32.9% 18% 34.5% 63.1%
1989 35.8% 112.5% 33.7% 61.6%
1988 35.3% 105.2% 33.7% 61.3%
1987 40.3% 97.4% 34.3% 60.6%
1986 33.2% 92.5% 34.8% 58.9%
1985 32.8% 86.3% 34.5% 55.4%
1984 26.8% 57.2% 34.3% 50.6%
1983 27.2% 56.7% 35.7% 48.9%
1982 29.9% 61.4% 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

GeoRank.org/economy/lesotho/united-states | CC BY

In 2025, Lesotho's government spending was $1.4B, accounting for 54.2% of its GDP, while the United States spent $11.6T, or 37.7% of GDP.

Debt-to-GDP ratio is 49.1% in Lesotho and 123.9% in the United States, ranking 106/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Lesotho

United States
1x
Year Deficit/surplus, % of GDP
Lesotho United States
2025 2.15% -6.82%
2024 8.17% -7.86%
2023 7.36% -7.89%
2022 -6.33% -3.72%
2021 -4.79% -11.5%
2020 1.45% -14.1%
2019 -5.09% -5.81%
2018 -4.41% -5.33%
2017 -2.02% -4.79%
2016 -9.43% -4.36%
2015 -1.38% -3.53%
2014 3.16% -4.03%
2013 -2.58% -4.56%
2012 4.56% -8.11%
2011 -9.85% -9.72%
2010 -1.49% -11%
2009 -4.16% -13.2%
2008 8.1% -6.61%
2007 10.8% -2.91%
2006 11.6% -2.04%
2005 4.46% -3.07%
2004 6.05% -4.24%
2003 0.89% -4.77%
2002 -2.44% -3.82%
2001 -2.76% -0.54%
2000 -0.95% 3.62%
1999 -15.3% 2.71%
1998 -11.8% 2.18%
1997 0.27% 0.88%
1996 2.11% -0.46%
1995 5.13% -1.7%
1994 5.69% -2.05%
1993 7.55% -3.35%
1992 4.65% -3.98%
1991 9.74% -2.72%
1990 8.78% -1.64%
1989 3.88% -0.8%
1988 -1.87% -1.06%
1987 -2.85% -1.53%
1986 0.87% -2.81%
1985 1.68% -2.63%
1984 4.82% -2.97%
1983 1.85% -4.26%
1982 -2.03% -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/lesotho/united-states | 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 the United States' deficit of $2.1T, or 6.82% of GDP.

Over the past 44 years, Lesotho recorded a fiscal deficit in 19 of those years, while the United States ran a deficit in 40 years. On average, Lesotho posted an annual surplus equal to 0.78% of GDP, compared to deficit of 4.11% of GDP for the United States.

Inflation comparison by year

Inflation
Lesotho

United States
1x
Year Consumer prices inflation
Lesotho United States
2025 4.27% -
2024 6.11% 2.95%
2023 6.34% 4.12%
2022 8.27% 8%
2021 6.05% 4.7%
2020 4.98% 1.23%
2019 5.19% 1.81%
2018 4.75% 2.44%
2017 4.45% 2.13%
2016 6.6% 1.26%
2015 3.22% 0.12%
2014 5.37% 1.62%
2013 4.87% 1.46%
2012 6.05% 2.07%
2011 5.04% 3.16%
2010 -2.41% 1.64%
2009 -16.9% -0.36%
2008 10.7% 3.84%
2007 8.01% 2.85%
2006 6.07% 3.23%
2005 3.44% 3.39%
2004 5.02% 2.68%
2003 6.63% 2.27%
2002 33.8% 1.59%
2001 -9.62% 2.83%
2000 6.13% 3.38%
1999 - 2.19%
1998 - 1.55%
1997 - 2.34%

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

GeoRank.org/economy/lesotho/united-states | CC BY

Over the past 25 years, Lesotho has recorded an average annual inflation rate of 5.13%, compared with 2.58% in the United States. In 2024, inflation was 4.27% in Lesotho and 2.95% in the United States.

Top exports between countries

Lesotho
Export category Export value
Textiles & consumer goods $145M
Animal & marine products $944K
Raw agricultural goods $205K
Miscellaneous $25K
Machinery & equipment $23K
Precious metals & jewellery $15K
Processed food, beverages & tobacco $1K
United States
Export category Export value
Miscellaneous $1.05M
Raw agricultural goods $583K
Textiles & consumer goods $496K
Machinery & equipment $481K
Processed food, beverages & tobacco $432K
Raw materials & minerals $365K
Animal & marine products $231K
Chemicals & pharma $200K
Wood & paper products $87K
Metals $8K

Balance of trade

Lesotho United States
Current account balance
-$3.94M
2025
-$1.12T
2025
Current account balance ranking
71/190
2025
190/190
2025
Current account balance, % of GDP
-0.15%
2025
-3.63%
2025
Goods imports
$1.69B
2025
$3.44T
2025
Goods exports
$933M
2025
$2.2T
2025
Service imports
$467M
2025
$903B
2025
Service exports
$16M
2025
$1.23T
2025
Imports of goods and services, % of GDP
104.5%
2025
14%
2024
Exports of goods and services, % of GDP
49.5%
2025
11%
2024

Economic freedom indices

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

Lesotho United States
Economic freedom 54.9 72.8
Economic freedom ranking 130/197 27/197
Property rights 41.7 91.6
Government integrity 39.6 77.1
Judicial effectiveness 43.6 76.4
Tax burden 76.4 75.3
Government spending 21.3 57.9
Fiscal health 93.5 18.5
Business freedom 50.6 88.6
Labor freedom 57 76.3
Monetary freedom 74.8 84.2
Trade freedom 65.4 67.6
Investment freedom 55 80
Financial freedom 40 80

Economic freedom comparison by year

Lesotho
United States
1x
Year Economic freedom index
Lesotho United States
2026 54.9 72.8
2025 54.1 70.2
2024 51.9 70.1
2023 51.6 70.6
2022 48.1 72.1
2021 53.5 74.8
2020 54.5 76.6
2019 53.1 76.8
2018 53.9 75.7
2017 53.9 75.1
2016 50.6 75.4
2015 49.6 76.2
2014 49.5 75.5
2013 47.9 76
2012 46.6 76.3
2011 47.5 77.8
2010 48.1 78
2009 49.7 80.7
2008 52.1 81
2007 53.2 81.2
2006 54.7 81.2
2005 53.9 79.9
2004 50.3 78.7
2003 52 78.2
2002 48.9 78.4
2001 50.6 79.1
2000 48.4 76.4
1999 48.2 75.5
1998 48.4 75.4
1997 47.2 75.6
1996 47 76.7
1995 - 76.7

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

GeoRank.org/economy/lesotho/united-states | CC BY

The Economic Freedom Index for Lesotho is 54.9, ranking 130/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lesotho United States
Services, % of GDP
55.6%
2025
79.7%
2024
Industry, % of GDP
25.2%
2025
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
6.49%
2025
0.85%
2024
GNI, Atlas method
$3.03B
2025
$30.4T
2025
GNI per capita, PPP
$3,900
2025
$89,490
2025
Total reserves including gold
$1.01B
2024
$1.39T
2025
Total reserves ranking
142/177
2024
2/177
2025
Net foreign direct investment
$5.77M
2025
$21.7B
2025
Net inflows of foreign direct investment
-$12.6M
2024
$297B
2024
Net outflows of foreign direct investment
$0
2024
$322B
2024
Servicing debt to the IMF, % of GNI
3.79%
2024
n/a
Poverty at national poverty lines
49.7%
2017
15.1%
2020
Gross capital formation, % of GDP
31.2%
2025
21.5%
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/lesotho/united-states | 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) | Public Finances in Modern History (1929–2000, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1960–2026, retrieved 2026-07-08)
  6. TradeMap (2023–2025, 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.