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Economy of Lithuania vs New Zealand compared: GDP & Debt

Updated on by Georank

Lithuania has a GDP of $95.2B compared to $264B for New Zealand, ranking 79/197 and 53/197 by economy size, respectively.

Lithuania has $37.9B in government debt (39.8% of GDP), compared to $145B (54.7% of GDP) in New Zealand.

Lithuania vs New Zealand GDP by year

Lithuania
New Zealand
1x
Year GDP, current $
Lithuania New Zealand
2025 $95,210,150,818 $264,057,413,740
2024 $85,503,938,574 $261,497,198,364
2023 $80,356,613,555 $256,372,177,758
2022 $70,639,687,326 $249,723,029,451
2021 $67,072,165,721 $253,732,493,988
2020 $57,412,038,533 $213,318,129,989
2019 $55,122,066,226 $213,088,034,258
2018 $54,261,795,149 $211,726,161,989
2017 $47,756,764,508 $206,561,943,051
2016 $42,970,749,245 $188,980,351,891
2015 $41,540,954,817 $178,147,457,243
2014 $48,306,546,657 $201,435,445,068
2013 $46,303,660,422 $190,943,478,290
2012 $42,709,372,067 $176,508,049,114
2011 $43,186,501,863 $168,458,838,711
2010 $36,638,128,534 $146,887,902,524
2009 $37,494,380,039 $121,663,439,315
2008 $47,831,254,208 $133,437,126,590
2007 $39,729,151,615 $137,188,946,866
2006 $30,116,192,747 $111,538,810,713
2005 $26,105,207,115 $114,720,129,550
2004 $22,743,164,431 $103,905,210,084
2003 $18,809,197,970 $88,250,885,550
2002 $14,282,292,665 $66,627,729,311
2001 $12,260,761,329 $53,872,425,917
2000 $11,550,695,727 $52,623,281,957
1999 $11,022,095,814 $58,762,260,626
1998 $11,289,161,847 $56,227,169,851
1997 $10,168,271,903 $66,075,143,415
1996 $8,430,207,164 $70,140,835,299
1995 $7,921,210,340 $63,918,703,507
1994 - $55,314,732,279
1993 - $46,775,620,817
1992 - $41,649,829,860
1991 - $42,745,329,732
1990 - $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/lithuania/new-zealand | CC BY

GDP per capita in Lithuania vs New Zealand by year

Lithuania
GDP per capita

GDP per capita, PPP
New Zealand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania New Zealand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,959 - $49,591 -
2024 $29,604 $55,286 $49,432 $55,551
2023 $27,983 $52,348 $49,302 $54,697
2022 $24,947 $50,936 $49,142 $54,034
2021 $23,883 $45,874 $49,902 $48,249
2020 $20,429 $41,263 $42,055 $45,513
2019 $19,609 $40,564 $42,872 $45,278
2018 $19,247 $36,492 $43,204 $42,527
2017 $16,800 $31,305 $42,912 $42,244
2016 $14,934 $28,699 $40,088 $39,989
2015 $14,270 $26,949 $38,649 $37,513
2014 $16,446 $26,275 $44,600 $37,331
2013 $15,637 $24,890 $42,985 $36,263
2012 $14,288 $23,275 $40,042 $33,055
2011 $14,262 $21,558 $38,426 $32,739
2010 $11,829 $18,719 $33,762 $31,305
2009 $11,854 $17,055 $28,277 $30,746
2008 $14,956 $19,410 $31,325 $29,896
2007 $12,295 $17,969 $32,480 $29,331
2006 $9,210 $15,522 $26,655 $27,732
2005 $7,857 $13,951 $27,751 $25,677
2004 $6,735 $12,605 $25,420 $25,124
2003 $5,507 $11,660 $21,914 $23,996
2002 $4,148 $10,296 $16,874 $23,306
2001 $3,533 $9,399 $13,883 $22,511
2000 $3,301 $8,475 $13,641 $21,500
1999 $3,128 $7,918 $15,322 $20,579
1998 $3,181 $7,846 $14,738 $19,323
1997 $2,844 $7,167 $17,474 $19,100
1996 $2,341 $6,479 $18,794 $18,392
1995 $2,183 $6,023 $17,400 $17,864
1994 - $5,667 $15,280 $17,108
1993 - $6,107 $13,094 $15,900
1992 - $7,087 $11,793 $14,877
1991 - $8,790 $12,230 $14,501
1990 - $9,030 $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/lithuania/new-zealand | CC BY

Lithuania's GDP per capita is $32,959, ranking 39/197, compared to $49,591 in New Zealand, ranking 26/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while New Zealand ranks 38th at $55,551.

Economic indicators

Lithuania New Zealand
Gross domestic product
$95.2B
2025
$264B
2025
GDP rank
79/197
2025
53/197
2025
GDP growth
2.92%
2024-2025
0.46%
2024-2025
GDP per capita
$32,959
2025
$49,591
2025
GDP per capita rank
39/197
2025
26/197
2025
GDP per capita, PPP
$55,286
2024
$55,551
2024
GDP per capita PPP rank
39/197
2024
38/197
2024
Government debt
$37.9B
2025
$145B
2025
Debt-to-GDP ratio
39.8%
2025
54.7%
2025
Government debt per person
$13,127
2025
$27,139
2025
Government debt per person rank
49/185
2025
27/185
2025
Average annual personal income after taxes
$20,453
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%
27.3%
2023
n/a
Income share by poorest 10%
2.2%
2023
n/a
Government expenditure, % of GDP
41.2%
2025
41.6%
2025
Consumer prices inflation
3.79%
2024-2025
2.84%
2024-2025
Central bank interest rate n/a
2.25%
2025
Unemployment rate
6.9%
2025
5.26%
2025
Population
2845693
5380024

Spending and national debt comparison by year

Lithuania
Spending

Debt
New Zealand
Spending

Debt
1x
Year % of GDP
Lithuania New Zealand
Government spending Government debt Government spending Government debt
2025 41.2% 39.8% 41.6% 54.7%
2024 39.4% 38% 41.7% 51.4%
2023 37.2% 37.1% 41% 47.3%
2022 36.6% 38.3% 41.7% 46.9%
2021 37.3% 43.3% 41.8% 47.5%
2020 42.4% 45.9% 41.9% 43.2%
2019 34.6% 35.6% 38.7% 31.8%
2018 33.8% 33.3% 36.1% 28.1%
2017 33.4% 39.1% 35.6% 31.1%
2016 34.5% 39.8% 36.4% 33.4%
2015 35.2% 42.4% 37.2% 34.2%
2014 35% 40.7% 37.6% 34.2%
2013 35.7% 38.9% 38.6% 34.6%
2012 36.6% 39.9% 39.7% 35.7%
2011 40.1% 37.5% 42.3% 34.7%
2010 43% 36.7% 42.9% 29.6%
2009 44.8% 27.9% 40.3% 24.3%
2008 38.2% 14.6% 38.4% 19%
2007 35.3% 15.9% 37% 16.3%
2006 34.4% 17.3% 37.8% 18.4%
2005 34.1% 17.6% 37.1% 20.8%
2004 33.9% 18.6% 36.1% 22.5%
2003 32.8% 20.4% 36.6% 24.7%
2002 34.4% 22.1% 36.7% 26.4%
2001 36.5% 22.9% 37.2% 28.2%
2000 38.7% 23.5% 38.2% 30%
1999 42.4% 28% 39.2% 32%
1998 39.6% 21.7% 40.1% 34.5%
1997 35.1% - 39.3% 34.6%
1996 34.4% - 39.8% 37.3%
1995 35.5% - 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/lithuania/new-zealand | CC BY

In 2025, Lithuania's government spending was $39.2B, accounting for 41.2% of its GDP, while New Zealand spent $110B, or 41.6% of GDP.

Debt-to-GDP ratio is 39.8% in Lithuania and 54.7% in New Zealand, ranking 135/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

New Zealand
1x
Year Deficit/surplus, % of GDP
Lithuania New Zealand
2025 -2.18% -3.86%
2024 -1.28% -3.21%
2023 -0.66% -3.22%
2022 -0.72% -3.96%
2021 -1.15% -3.35%
2020 -6.42% -4.21%
2019 0.41% -2.44%
2018 0.52% 1.31%
2017 0.36% 1.38%
2016 0.03% 0.98%
2015 -0.77% 0.37%
2014 -1.79% -0.33%
2013 -2.69% -1.28%
2012 -3.15% -2.18%
2011 -5.92% -4.94%
2010 -6.95% -5.49%
2009 -9.09% -1.8%
2008 -3.09% 1.48%
2007 -0.82% 3.6%
2006 -0.27% 4.62%
2005 -0.34% 5.13%
2004 -1.39% 4.49%
2003 -1.26% 3.69%
2002 -1.85% 2.56%
2001 -3.52% 1.29%
2000 -3.18% 0.18%
1999 -7.82% -1.1%
1998 -4.93% -0.47%
1997 -0.76% 1.24%
1996 -3.58% 2.58%
1995 -3.31% 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/lithuania/new-zealand | CC BY

In 2025, Lithuania's government deficit, the difference between spending and revenue, was $2.08B, equivalent to 2.18% of GDP. This compares to New Zealand's deficit of $10.2B, or 3.86% of GDP.

Over the past 31 years, Lithuania recorded a fiscal deficit in 27 of those years, while New Zealand ran a deficit in 15 years. On average, Lithuania posted an annual deficit equal to 2.5% of GDP, compared to deficit of 0.1% of GDP for New Zealand.

Inflation comparison by year

Inflation
Lithuania

New Zealand
1x
Year Consumer prices inflation
Lithuania New Zealand
2025 3.79% 2.84%
2024 0.72% 2.92%
2023 9.12% 5.73%
2022 19.7% 7.17%
2021 4.68% 3.94%
2020 1.2% 1.71%
2019 2.33% 1.62%
2018 2.7% 1.6%
2017 3.72% 1.85%
2016 0.91% 0.65%
2015 -0.88% 0.29%
2014 0.1% 1.23%
2013 1.05% 1.13%
2012 3.09% 1.06%
2011 4.13% 4.03%
2010 1.32% 2.3%
2009 4.45% 2.12%
2008 10.9% 3.96%
2007 5.74% 2.38%
2006 3.74% 3.37%
2005 2.66% 3.04%
2004 1.16% 2.29%
2003 -1.13% 1.75%
2002 0.28% 2.68%
2001 1.37% 2.63%
2000 0.98% 2.62%
1999 0.73% -0.11%
1998 5.07% 1.27%
1997 8.88% 1.19%

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

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

Over the past 29 years, Lithuania has recorded an average annual inflation rate of 3.54%, compared with 2.39% in New Zealand. In 2025, inflation was 3.79% in Lithuania and 2.84% in New Zealand.

Top exports between countries

Lithuania
Export category Export value
Machinery & equipment $9.6M
Textiles & consumer goods $1.48M
Chemicals & pharma $1.37M
Raw materials & minerals $1.19M
Wood & paper products $1.16M
Processed food, beverages & tobacco $909K
Animal & marine products $724K
Metals $437K
Transport & tourism services $432K
Business & finance services $324K
New Zealand
Export category Export value
Textiles & consumer goods $9.83M
Animal & marine products $3.4M
Wood & paper products $976K
Machinery & equipment $855K
Transport & tourism services $600K
Processed food, beverages & tobacco $302K
Chemicals & pharma $74K
Raw agricultural goods $38K
Metals $11K
Precious metals & jewellery $9K

Balance of trade

Lithuania New Zealand
Current account balance
$900M
2025
-$9.56B
2025
Current account balance ranking
51/190
2025
174/190
2025
Current account balance, % of GDP
+0.94%
2025
-3.62%
2025
Goods imports
$48.3B
2025
$48.2B
2025
Goods exports
$40.7B
2025
$47.2B
2025
Service imports
$17.5B
2025
$20.3B
2025
Service exports
$28.8B
2025
$19.5B
2025
Imports of goods and services, % of GDP
69.1%
2025
26%
2024
Exports of goods and services, % of GDP
73%
2025
24.7%
2024

Economic freedom indices

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

Lithuania New Zealand
Economic freedom 75.3 77.8
Economic freedom ranking 18/197 13/197
Property rights 91.8 85.4
Government integrity 71.4 90
Judicial effectiveness 73.2 95.9
Tax burden 76.2 66.1
Government spending 57.3 48
Fiscal health 95.8 72.2
Business freedom 84.2 89.1
Labor freedom 58.1 68.6
Monetary freedom 76.7 77.4
Trade freedom 79.4 90.6
Investment freedom 70 70
Financial freedom 70 80

Economic freedom comparison by year

Lithuania
New Zealand
1x
Year Economic freedom index
Lithuania New Zealand
2026 75.3 77.8
2025 74.6 78.1
2024 72.9 77.8
2023 72.2 78.9
2022 75.8 80.6
2021 76.9 83.9
2020 76.7 84.1
2019 74.2 84.4
2018 75.3 84.2
2017 75.8 83.7
2016 75.2 81.6
2015 74.7 82.1
2014 73 81.2
2013 72.1 81.4
2012 71.5 82.1
2011 71.3 82.3
2010 70.3 82.1
2009 70 82
2008 70.9 80.7
2007 71.5 81.4
2006 71.8 82
2005 70.5 82.3
2004 72.4 81.5
2003 69.7 81.1
2002 66.1 80.7
2001 65.5 81.1
2000 61.9 80.9
1999 61.5 81.7
1998 59.4 79.2
1997 57.3 79
1996 49.7 78.1

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, 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

Lithuania New Zealand
Services, % of GDP
64.8%
2025
68.2%
2023
Industry, % of GDP
22.1%
2025
19.4%
2023
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
4.01%
2023
GNI, Atlas method
$88.1B
2025
$248B
2025
GNI per capita, PPP
$55,010
2025
$53,600
2025
Total reserves including gold
$7.06B
2025
$28.2B
2025
Total reserves ranking
90/177
2025
59/177
2025
Net foreign direct investment
-$2.96B
2025
-$3.58B
2025
Net inflows of foreign direct investment
$4.7B
2024
$1.76B
2024
Net outflows of foreign direct investment
$795M
2024
$882M
2024
Poverty at national poverty lines
20.9%
2021
n/a
Gross capital formation, % of GDP
22.2%
2025
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/lithuania/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 (2019–2025, 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.

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.