Skip to content

Economy of Malawi vs Senegal compared: GDP & Debt

Updated on by Georank team

Malawi has a GDP of $11B compared to $32.3B for Senegal, ranking 151/197 and 110/197 by economy size, respectively.

Malawi has $8.19B in government debt (73% of GDP), compared to $36.7B (111.4% of GDP) in Senegal.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Malawi
GDP, current $

GDP, constant 2015 $
Senegal
GDP, current $

GDP, constant 2015 $
Year GDP
Malawi Senegal
Current $ Constant $ Current $ Constant $
1960 - $944,667,422 $1,003,692,370 $3,845,391,102
1961 - $1,016,836,214 $1,058,975,257 $3,960,500,895
1962 - $1,023,632,389 $1,085,475,791 $3,955,105,292
1963 - $1,009,392,859 $1,122,139,862 $4,028,847,383
1964 - $1,036,253,845 $1,188,930,645 $4,185,324,878
1965 - $1,177,355,282 $1,210,058,228 $4,241,081,336
1966 - $1,333,343,511 $1,246,908,186 $4,363,087,109
1967 - $1,430,431,584 $1,246,480,766 $4,309,866,484
1968 - $1,402,923,252 $1,309,384,862 $4,580,990,424
1969 - $1,485,448,247 $1,245,234,931 $4,280,745,764
1970 - $1,492,567,971 $1,297,407,655 $4,647,265,165
1971 - $1,734,641,057 $1,339,549,033 $4,640,738,107
1972 - $1,842,732,595 $1,620,857,104 $4,936,966,115
1973 - $1,885,127,636 $1,863,398,590 $4,661,323,443
1974 - $2,020,403,709 $2,099,325,229 $4,857,135,178
1975 - $2,143,382,123 $2,830,388,405 $5,223,152,496
1976 - $2,250,502,601 $2,869,777,884 $5,689,084,008
1977 - $2,361,183,025 $2,938,046,463 $5,536,451,272
1978 - $2,591,281,917 $3,280,354,921 $5,317,543,794
1979 - $2,705,198,654 $4,084,877,823 $5,689,861,493
1980 $1,801,156,775 $2,716,201,952 $4,510,108,291 $5,916,759,626
1981 $1,801,193,910 $2,572,511,629 $4,095,892,781 $6,223,261,363
1982 $1,717,379,495 $2,636,913,268 $4,013,951,443 $6,721,768,519
1983 $1,780,148,049 $2,734,972,403 $3,569,356,125 $6,342,159,312
1984 $1,758,028,656 $2,881,575,239 $3,485,165,432 $6,591,776,710
1985 $1,646,442,273 $3,013,291,524 $3,818,944,918 $6,820,055,505
1986 $1,722,586,299 $3,006,818,902 $5,392,093,446 $7,033,317,655
1987 $1,721,711,808 $3,055,686,904 $6,487,353,103 $7,473,312,401
1988 $2,008,189,508 $3,152,774,981 $6,418,419,389 $7,412,287,163
1989 $2,314,205,130 $3,195,170,016 $6,366,039,373 $7,706,835,394
1990 $2,737,087,862 $3,377,048,507 $7,390,967,360 $7,649,320,651
1991 $3,206,783,830 $3,671,872,669 $7,255,210,470 $7,852,789,724
1992 $2,618,837,835 $3,402,615,041 $7,769,817,840 $7,956,464,848
1993 $3,013,392,658 $3,732,391,067 $7,367,986,241 $8,064,689,718
1994 $1,719,864,761 $3,350,187,440 $5,034,588,196 $8,060,857,301
1995 $2,033,701,498 $3,910,634,176 $6,326,342,633 $8,501,672,123
1996 $3,319,573,750 $4,196,762,834 $6,559,712,166 $8,673,403,962
1997 $3,875,785,863 $4,355,921,669 $6,041,478,726 $8,937,561,243
1998 $2,547,609,590 $4,525,595,860 $6,505,607,909 $9,464,741,444
1999 $2,584,478,924 $4,663,277,074 $6,592,834,933 $10,059,440,324
2000 $2,537,307,580 $4,736,773,940 $6,013,185,004 $10,450,471,991
2001 $2,498,008,665 $4,501,121,160 $6,507,824,829 $10,900,976,316
2002 $5,087,328,438 $4,577,640,221 $7,006,402,320 $10,908,464,913
2003 $4,669,789,300 $4,838,823,865 $8,768,721,563 $11,518,679,089
2004 $5,058,726,350 $5,101,112,195 $10,076,816,667 $12,053,525,217
2005 $5,320,409,651 $5,267,853,576 $11,009,033,438 $12,573,060,905
2006 $5,818,279,739 $5,515,442,682 $11,697,918,243 $12,866,110,160
2007 $6,451,210,219 $6,044,925,173 $13,994,218,413 $13,229,850,431
2008 $7,743,617,352 $6,506,741,521 $16,853,989,628 $13,719,774,159
2009 $9,009,887,947 $7,048,630,103 $16,145,867,495 $14,097,356,679
2010 $10,128,323,011 $7,533,157,578 $16,121,315,909 $14,575,382,432
2011 $11,648,142,958 $7,904,743,382 $17,814,283,639 $14,769,831,309
2012 $8,773,203,178 $8,054,933,506 $17,660,870,412 $15,361,066,999
2013 $8,031,571,928 $8,490,733,601 $18,918,667,725 $15,731,635,117
2014 $8,801,326,169 $8,968,360,291 $19,797,253,440 $16,710,783,797
2015 $9,219,474,379 $9,219,474,379 $17,774,766,696 $17,774,766,696
2016 $7,909,868,618 $9,449,961,239 $19,040,312,333 $18,904,543,056
2017 $8,943,543,794 $9,827,959,688 $20,996,562,944 $20,304,894,471
2018 $9,879,231,592 $10,255,826,274 $23,116,701,556 $21,565,674,311
2019 $11,051,865,580 $10,842,133,934 $23,403,995,992 $22,560,634,320
2020 $11,769,313,598 $10,928,176,722 $24,530,513,038 $22,863,414,676
2021 $12,378,129,751 $11,426,314,940 $27,520,784,130 $24,359,596,784
2022 $12,429,060,151 $11,531,564,449 $27,783,332,223 $25,297,546,479
2023 $12,712,150,082 $11,749,794,461 $30,696,331,296 $26,374,572,022
2024 $11,008,925,323 $11,964,445,581 $32,267,254,425 $28,192,309,478

Economic indicators

Malawi Senegal
Gross domestic product
$11B
2024
$32.3B
2024
GDP rank
151/197
2024
110/197
2024
GDP growth
-13.4%
2023-2024
5.12%
2023-2024
GDP per capita
$508
2024
$1,744
2024
GDP per capita rank
195/197
2024
160/197
2024
GDP per capita, PPP
$1,859
2024
$5,110
2024
Government debt
$8.19B
2024
$36.7B
2024
Debt-to-GDP ratio
73%
2025
111.4%
2025
Government debt per person
$378
2024
$1,982
2024
Government debt per person rank
173/185
2024
119/185
2024
Average annual personal income after taxes
$2,610
2025
$1,890
2025
Income share by richest 10%
31%
2019
28.8%
2021
Income share by poorest 10%
2.9%
2019
3%
2021
Government expenditure, % of GDP
28%
2025
29%
2025
Consumer prices inflation
28.2%
2024-2025
0.8%
2023-2024
Central bank interest rate
26%
2024
n/a
Unemployment rate
0.91%
2020
5.78%
2024
Population
22673513
19281054

GDP per capita in Malawi vs Senegal

Malawi's GDP per capita is $508, ranking 195/197, compared to $1,744 in Senegal, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Malawi ranks 189th at $1,859, while Senegal ranks 157th at $5,110.

Malawi
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
Year Current $
Malawi Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $300 -
1961 - - $308 -
1962 - - $307 -
1963 - - $309 -
1964 - - $318 -
1965 - - $314 -
1966 - - $315 -
1967 - - $305 -
1968 - - $311 -
1969 - - $287.3 -
1970 - - $290.5 -
1971 - - $291.1 -
1972 - - $342 -
1973 - - $381 -
1974 - - $417 -
1975 - - $547 -
1976 - - $541 -
1977 - - $540 -
1978 - - $589 -
1979 - - $716 -
1980 $287.5 - $772 -
1981 $276.4 - $683 -
1982 $253.3 - $652 -
1983 $252.4 - $564 -
1984 $239.7 - $536 -
1985 $216.1 - $571 -
1986 $217.9 - $784 -
1987 $207.6 - $916 -
1988 $229.4 - $880 -
1989 $252.2 - $849 -
1990 $286.7 $672 $957 $1,513
1991 $326 $732 $913 $1,561
1992 $258.4 $674 $951 $1,573
1993 $293 $746 $878 $1,588
1994 $169.2 $692 $584 $1,578
1995 $200.4 $825 $715 $1,656
1996 $321 $884 $723 $1,679
1997 $367 $915 $651 $1,719
1998 $236 $941 $685 $1,798
1999 $233.9 $961 $678 $1,893
2000 $224.2 $974 $603 $1,963
2001 $215.5 $924 $637 $2,044
2002 $428 $931 $669 $2,027
2003 $383 $979 $818 $2,131
2004 $405 $1,033 $918 $2,236
2005 $414 $1,071 $980 $2,350
2006 $441 $1,124 $1,017 $2,422
2007 $475 $1,231 $1,189 $2,499
2008 $554 $1,311 $1,399 $2,581
2009 $626 $1,388 $1,309 $2,606
2010 $683 $1,458 $1,276 $2,663
2011 $763 $1,516 $1,375 $2,685
2012 $558 $1,464 $1,327 $2,764
2013 $497 $1,558 $1,380 $2,769
2014 $530 $1,506 $1,399 $2,854
2015 $540 $1,403 $1,218 $2,994
2016 $451 $1,410 $1,266 $3,101
2017 $496 $1,380 $1,357 $3,234
2018 $533 $1,364 $1,453 $3,380
2019 $581 $1,450 $1,431 $3,648
2020 $603 $1,513 $1,461 $3,753
2021 $617 $1,688 $1,598 $4,174
2022 $604 $1,778 $1,574 $4,530
2023 $602 $1,830 $1,698 $4,778
2024 $508 $1,859 $1,744 $5,110

Spending and national debt comparison

In 2024, Malawi's government spending was $2.91B, accounting for 28% of its GDP, while Senegal's spent $10B, or 29% of GDP.

Debt-to-GDP ratio is 73% in Malawi and 111.4% in Senegal, ranking 52/185 and 14/185, respectively.

Malawi
Government spending

Government debt
Senegal
Government spending

Government debt
Year % of GDP
Malawi Senegal
Government spending Government debt Government spending Government debt
1994 - - 15.9% 77.3%
1995 - - 14.4% 65.3%
1996 - - 15.4% 0.07%
1997 - - 14.1% 67.8%
1998 - - 13.5% 18.8%
1999 - - 14.6% 15%
2000 - - 14% 57.5%
2001 - - 15.7% 53.2%
2002 13.8% 101.5% 15.5% 52%
2003 15.4% 84.7% 17.1% 42.9%
2004 17.2% 74.7% 18.1% 38%
2005 17.4% 70.9% 18.7% 36.1%
2006 17.8% 17.9% 21.3% 17.5%
2007 20.7% 18.9% 22.2% 19%
2008 20.6% 23.5% 20.9% 19.1%
2009 20.2% 23.5% 21.1% 29.9%
2010 19.6% 19.3% 21.7% 34.6%
2011 17% 20% 23.3% 32.9%
2012 18.8% 28.6% 23% 34.5%
2013 20.7% 35.3% 22.1% 36.9%
2014 18.3% 33.5% 23.1% 42.4%
2015 19.5% 35.5% 22.9% 44.5%
2016 19.7% 37.1% 24% 47.5%
2017 21% 40% 22.5% 61.1%
2018 19.4% 40.8% 22.6% 61.5%
2019 19.3% 41.2% 30.2% 72.1%
2020 22.7% 53.9% 29.4% 81.6%
2021 23.7% 66.5% 31% 89.4%
2022 26.7% 75.5% 32.5% 94.6%
2023 25.5% 86.1% 33.3% 107.4%
2024 26.4% 74.4% 31.1% 113.7%
2025 28% 73% 29% 111.4%

Government deficit by year

In 2024, Malawi's government deficit, the difference between spending and revenue, was -$891M, equivalent to -8.1% of GDP. This compares to Senegal's deficit of -$3.79B, or -11.7% of GDP.

Over the past 23 years, Malawi recorded a fiscal deficit in 22 of those years, while Senegal ran a deficit in 21 years. On average, Malawi posted an annual deficit equal to -4.13% of GDP, compared to deficit of -5.05% of GDP for Senegal.

Deficit/surplus
Malawi

Senegal
Year Deficit/surplus, % of GDP
Malawi Senegal
1994 - 5.9%
1995 - 2.41%
1996 - 0.92%
1997 - 0.98%
1998 - 0.93%
1999 - -0.62%
2000 - 0.78%
2001 - -1.44%
2002 -4.47% 0.19%
2003 -2.6% -0.52%
2004 -2.61% 0.18%
2005 -1.63% -0.26%
2006 -0.05% -3.67%
2007 -2.56% -2.8%
2008 -2.92% -3.53%
2009 -2.97% -3.66%
2010 0.63% -3.94%
2011 -2.85% -4.92%
2012 -1.45% -4.18%
2013 -3.73% -4.34%
2014 -3.08% -3.9%
2015 -4.17% -3.66%
2016 -4.9% -3.27%
2017 -5.15% -2.97%
2018 -4.35% -3.66%
2019 -4.55% -9.88%
2020 -8.03% -9.28%
2021 -8.34% -11.5%
2022 -9.32% -12.6%
2023 -7.84% -12.3%
2024 -8.1% -11.7%
2025 -8.94% -7.25%

Inflation comparison by year

Over the past 29 years, Malawi has recorded an average annual inflation rate of 18.1%, compared with 2.04% in Senegal. In 2024, inflation was 28.2% in Malawi and 0.8% in Senegal.

Inflation
Malawi

Senegal
Year Inflation
Malawi Senegal Malawi Senegal
1996 37.7% 2.75%
1997 9.1% 1.75%
1998 29.8% 1.16%
1999 44.8% 0.83%
2000 29.6% 0.73%
2001 22.7% 2.97%
2002 14.7% 2.34%
2003 9.6% -0.05%
2004 11.4% 0.51%
2005 15.5% 1.71%
2006 13.9% 2.11%
2007 7.9% 5.85%
2008 8.7% 7.35%
2009 8.4% -2.25%
2010 7.4% 1.23%
2011 7.6% 3.4%
2012 21.3% 1.42%
2013 28.3% 0.71%
2014 23.8% -1.09%
2015 21.9% 0.14%
2016 21.7% 0.84%
2017 11.5% 1.32%
2018 9.2% 0.46%
2019 9.4% 1.76%
2020 8.6% 2.54%
2021 9.3% 2.18%
2022 20.8% 9.7%
2023 28.8% 5.94%
2024 32.2% 0.8%
2025 28.2% -

Top exports between countries

Malawi
Export category Export value
Processed food, beverages & tobacco $1.49M
Raw agricultural goods $53K
Textiles & consumer goods $3K
Wood & paper products $2K
Metals $1K
Senegal
Export category Export value
Machinery & equipment $1K

Balance of trade

Malawi Senegal
Current account balance
-$2.28B
2023
-$6.07B
2023
Current account balance ranking
144/189
2023
172/189
2023
Current account balance, % of GDP
-17.9%
2023
-19.8%
2023
Goods imports
$3B
2023
$10.8B
2023
Goods exports
$1.05B
2023
$5.52B
2023
Service imports
$998M
2023
$4.08B
2023
Service exports
$475M
2023
$1.48B
2023
Imports of goods and services, % of GDP n/a
43.1%
2024
Exports of goods and services, % of GDP
14%
2025
28.1%
2024

Economic freedom indices

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

Malawi Senegal
Economic freedom 50.9 56.4
Economic freedom ranking 160/197 119/197
Property rights 49.4 57.2
Government integrity 34.4 45.2
Judicial effectiveness 52.3 50.3
Tax burden 77.1 69.4
Government spending 79.4 79.7
Fiscal health 3.3 30.5
Business freedom 31.3 54.3
Labor freedom 56 54.3
Monetary freedom 58.3 68.8
Trade freedom 68.8 67.2
Investment freedom 50 60
Financial freedom 50 40

Economic freedom by year comparison

The Economic Freedom Index for Malawi is 50.9, ranking 160/197, compared to 56.4 for Senegal, ranking 119/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Malawi
Senegal
Year Economic freedom index
Malawi Senegal
1995 54.7 -
1996 56.2 58.2
1997 53.4 58.1
1998 54.1 59.7
1999 54 60.6
2000 57.4 58.9
2001 56.2 58.7
2002 56.9 58.6
2003 53.2 58.1
2004 53.6 58.9
2005 53.6 57.9
2006 55.4 56.2
2007 52.9 58.1
2008 52.7 58.3
2009 53.7 56.3
2010 54.1 54.6
2011 55.8 55.7
2012 56.4 55.4
2013 55.3 55.5
2014 55.4 55.4
2015 54.8 57.8
2016 51.8 58.1
2017 52.2 55.9
2018 52 55.7
2019 51.4 56.3
2020 52.8 58
2021 53 58
2022 53 60
2023 52.8 57.7
2024 52.1 55.4
2025 50.9 56.4

More economic indicators

Malawi Senegal
Services, % of GDP
44.9%
2024
49.1%
2024
Industry, % of GDP
16%
2024
25.4%
2024
Agriculture, forestry, and fishing, % of GDP
32.4%
2024
15.5%
2024
GNI, Atlas method
$11.8B
2024
$31B
2024
GNI per capita, PPP
$1,790
2024
$4,960
2024
Total reserves including gold
$594M
2020
n/a
Total reserves ranking
154/177
2020
n/a
Net foreign direct investment
-$134M
2023
-$4.72B
2023
Net inflows of foreign direct investment
$220M
2024
$2.02B
2024
Net outflows of foreign direct investment
$48.3M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
1.22%
2023
9.05%
2023
Poverty at national poverty lines
50.7%
2019
37.5%
2021
Gross capital formation, % of GDP
n/a
32.9%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

Economy vs Malawi vs Senegal
Afghanistan Compare Compare
Albania Compare Compare
Algeria Compare Compare
Andorra Compare Compare
Angola Compare Compare
Antigua Compare Compare
Argentina Compare Compare
Armenia Compare Compare
Australia Compare Compare
Austria Compare Compare
Azerbaijan Compare Compare
Bahamas Compare Compare
Bahrain Compare Compare
Bangladesh Compare Compare
Barbados Compare Compare
Belarus Compare Compare
Belgium Compare Compare
Belize Compare Compare
Benin Compare Compare
Bhutan Compare Compare
Bolivia Compare Compare
Bosnia Compare Compare
Botswana Compare Compare
Brazil Compare Compare
Brunei Compare Compare
Bulgaria Compare Compare
Burkina Faso Compare Compare
Burundi Compare Compare
Cambodia Compare Compare
Cameroon Compare Compare
Canada Compare Compare
Cape Verde Compare Compare
Cayman Islands Compare Compare
CAR Compare Compare
Chad Compare Compare
Chile Compare Compare
China Compare Compare
Colombia Compare Compare
Comoros Compare Compare
Congo Compare Compare
Costa Rica Compare Compare
Croatia Compare Compare
Cuba Compare Compare
Curacao Compare Compare
Cyprus Compare Compare
Czech Republic Compare Compare
DR Congo Compare Compare
Denmark Compare Compare
Djibouti Compare Compare
Dominica Compare Compare
Dominican Republic Compare Compare
East Timor Compare Compare
Ecuador Compare Compare
Egypt Compare Compare
El Salvador Compare Compare
Equatorial Guinea Compare Compare
Eritrea Compare Compare
Estonia Compare Compare
Eswatini Compare Compare
Ethiopia Compare Compare
Fiji Compare Compare
Finland Compare Compare
France Compare Compare
Gabon Compare Compare
Gambia Compare Compare
Georgia Compare Compare
Germany Compare Compare
Ghana Compare Compare
Greece Compare Compare
Grenada Compare Compare
Guatemala Compare Compare
Guinea Compare Compare
Guinea-Bissau Compare Compare
Guyana Compare Compare
Haiti Compare Compare
Honduras Compare Compare
Hungary Compare Compare
Iceland Compare Compare
India Compare Compare
Indonesia Compare Compare
Iran Compare Compare
Iraq Compare Compare
Ireland Compare Compare
Israel Compare Compare
Italy Compare Compare
Ivory Coast Compare Compare
Jamaica Compare Compare
Japan Compare Compare
Jordan Compare Compare
Kazakhstan Compare Compare
Kenya Compare Compare
Kiribati Compare Compare
Kuwait Compare Compare
Kyrgyzstan Compare Compare
Laos Compare Compare
Latvia Compare Compare
Lebanon Compare Compare
Lesotho Compare Compare
Liberia Compare Compare
Libya Compare Compare
Liechtenstein Compare Compare
Lithuania Compare Compare
Luxembourg Compare Compare
Madagascar Compare Compare
Malaysia Compare Compare
Maldives Compare Compare
Mali Compare Compare
Malta Compare Compare
Marshall Islands Compare Compare
Mauritania Compare Compare
Mauritius Compare Compare
Mexico Compare Compare
Moldova Compare Compare
Monaco Compare Compare
Mongolia Compare Compare
Montenegro Compare Compare
Morocco Compare Compare
Mozambique Compare Compare
Myanmar Compare Compare
Namibia Compare Compare
Nauru Compare Compare
Nepal Compare Compare
Netherlands Compare Compare
New Zealand Compare Compare
Nicaragua Compare Compare
Niger Compare Compare
Nigeria Compare Compare
North Korea Compare Compare
North Macedonia Compare Compare
Norway Compare Compare
Oman Compare Compare
Pakistan Compare Compare
Palau Compare Compare
Palestine Compare Compare
Panama Compare Compare
Papua New Guinea Compare Compare
Paraguay Compare Compare
Peru Compare Compare
Philippines Compare Compare
Poland Compare Compare
Portugal Compare Compare
Qatar Compare Compare
Romania Compare Compare
Russia Compare Compare
Rwanda Compare Compare
Saint Kitts Compare Compare
Saint Lucia Compare Compare
Saint Vincent Compare Compare
Samoa Compare Compare
San Marino Compare Compare
Sao Tome Compare Compare
Saudi Arabia Compare Compare
Serbia Compare Compare
Seychelles Compare Compare
Sierra Leone Compare Compare
Singapore Compare Compare
Slovakia Compare Compare
Slovenia Compare Compare
Solomon Islands Compare Compare
Somalia Compare Compare
South Africa Compare Compare
South Korea Compare Compare
South Sudan Compare Compare
Spain Compare Compare
Sri Lanka Compare Compare
Sudan Compare Compare
Suriname Compare Compare
Sweden Compare Compare
Switzerland Compare Compare
Syria Compare Compare
Taiwan Compare Compare
Tajikistan Compare Compare
Tanzania Compare Compare
Thailand Compare Compare
Togo Compare Compare
Tonga Compare Compare
Trinidad Compare Compare
Tunisia Compare Compare
Turkey Compare Compare
Turkmenistan Compare Compare
Tuvalu Compare Compare
Uganda Compare Compare
Ukraine Compare Compare
UAE Compare Compare
United Kingdom Compare Compare
United States Compare Compare
Uruguay Compare Compare
Uzbekistan Compare Compare
Vanuatu Compare Compare
Vatican Compare Compare
Venezuela Compare Compare
Vietnam Compare Compare
Yemen Compare Compare
Zambia Compare Compare
Zimbabwe Compare Compare

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.