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Economy of Mauritania vs Netherlands compared: GDP & Debt

Updated on by Georank team

Mauritania has a GDP of $10.9B compared to $1.21T for the Netherlands, ranking 153/197 and 19/197 by economy size, respectively.

Mauritania has $4.67B in government debt (42.8% of GDP), compared to $532B (43.8% of GDP) in the Netherlands.

Mauritania vs Netherlands GDP by year

Mauritania
Netherlands
1x
Year GDP, current $
Mauritania Netherlands
2024 $10,908,045,687 $1,214,927,698,573
2023 $10,726,838,461 $1,135,475,867,551
2022 $9,557,966,698 $1,046,540,797,549
2021 $9,222,536,364 $1,054,472,123,450
2020 $8,260,752,385 $932,560,861,701
2019 $7,894,764,886 $928,903,005,576
2018 $7,473,550,557 $929,733,599,797
2017 $6,800,135,898 $848,233,537,846
2016 $6,398,747,592 $797,163,949,290
2015 $6,166,863,897 $775,743,675,303
2014 $6,592,537,782 $901,556,501,756
2013 $7,223,071,097 $883,951,539,007
2012 $6,728,208,836 $845,689,017,066
2011 $6,764,627,746 $913,140,741,333
2010 $5,628,878,798 $852,464,982,433
2009 $4,714,595,548 $878,954,223,140
2008 $5,206,437,194 $957,901,566,041
2007 $4,346,212,355 $853,499,460,873
2006 $3,919,577,286 $737,593,995,289
2005 $2,936,019,526 $688,133,699,636
2004 $2,362,501,023 $661,224,886,143
2003 $2,051,147,607 $582,435,617,082
2002 $1,777,057,481 $475,529,972,123
2001 $1,746,063,558 $432,536,219,669
2000 $1,779,520,886 $417,649,282,154
1999 $1,985,922,776 $447,778,514,140
1998 $2,032,347,665 $438,612,530,549
1997 $2,071,996,564 $417,506,211,882
1996 $2,132,087,009 $451,372,549,020
1995 $2,091,726,101 $452,967,334,614
1994 $1,944,876,755 $379,688,232,232
1993 $1,847,353,211 $354,070,495,966
1992 $2,164,298,425 $363,497,050,125
1991 $2,133,692,697 $327,982,316,124
1990 $1,506,914,408 $318,799,003,994
1989 $1,450,647,019 $258,716,904,292
1988 $1,414,951,290 $262,295,966,105
1987 $1,344,664,725 $245,406,949,521
1986 $1,186,628,778 $201,157,708,221
1985 $1,009,723,326 $144,057,523,222
1984 $1,074,373,230 $144,124,462,912
1983 $1,165,171,263 $153,671,294,109
1982 $1,108,776,653 $158,712,765,536
1981 $1,105,494,682 $164,375,775,854
1980 $1,047,925,106 $195,439,301,707
1979 $951,900,945 $179,933,827,310
1978 $804,629,877 $156,089,077,205
1977 $799,030,017 $127,203,923,857
1976 $775,045,517 $109,329,386,564
1975 $703,377,837 $100,397,061,694
1974 $613,010,553 $87,371,810,804
1973 $493,237,876 $71,946,639,603
1972 $391,669,449 $54,787,070,173
1971 $335,568,907 $44,644,730,576
1970 $309,405,316 $38,220,884,519
1969 $295,062,308 $34,086,038,090
1968 $311,395,937 $30,097,635,751
1967 $282,615,310 $27,143,828,099
1966 $266,533,605 $24,741,480,717
1965 $255,340,475 $22,721,869,808
1964 $224,495,744 $20,232,048,553
1963 $168,186,297 $17,193,744,109
1962 $164,271,558 $15,847,582,341
1961 $159,213,430 $14,599,836,396
1960 - $13,282,979,015

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/mauritania/netherlands | CC BY

GDP per capita in Mauritania vs Netherlands by year

Mauritania
GDP per capita

GDP per capita, PPP
Netherlands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mauritania Netherlands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,110 $7,369 $67,520 $86,174
2023 $2,136 $6,966 $63,516 $81,729
2022 $1,960 $6,485 $59,123 $78,630
2021 $1,948 $5,837 $60,142 $68,574
2020 $1,796 $5,741 $53,468 $62,597
2019 $1,767 $5,610 $53,555 $62,345
2018 $1,723 $5,429 $53,955 $58,819
2017 $1,615 $5,353 $49,514 $56,038
2016 $1,566 $4,683 $46,809 $53,162
2015 $1,555 $3,978 $45,794 $50,957
2014 $1,713 $3,865 $53,457 $49,751
2013 $1,934 $3,831 $52,602 $49,622
2012 $1,859 $3,465 $50,474 $47,653
2011 $1,931 $3,271 $54,702 $47,004
2010 $1,660 $3,178 $51,306 $45,301
2009 $1,435 $3,159 $53,172 $44,959
2008 $1,636 $3,236 $58,247 $46,714
2007 $1,405 $3,278 $52,101 $44,203
2006 $1,301 $3,342 $45,124 $41,208
2005 $999 $2,809 $42,165 $37,778
2004 $824 $2,570 $40,611 $35,961
2003 $732 $2,447 $35,897 $34,286
2002 $649 $2,296 $29,447 $34,568
2001 $652 $2,280 $26,956 $33,259
2000 $681 $2,304 $26,225 $31,895
1999 $781 $2,411 $28,319 $29,316
1998 $821 $2,355 $27,924 $27,749
1997 $859 $2,325 $26,745 $26,062
1996 $904 $2,436 $29,064 $24,564
1995 $905 $2,306 $29,301 $23,480
1994 $865 $2,114 $24,683 $22,414
1993 $850 $2,209 $23,156 $21,443
1992 $1,036 $2,122 $23,939 $20,831
1991 $1,062 $2,116 $21,764 $20,177
1990 $772 $2,070 $21,322 $19,203
1989 $762 - $17,423 -
1988 $762 - $17,771 -
1987 $746 - $16,734 -
1986 $677 - $13,804 -
1985 $593 - $9,941 -
1984 $650 - $9,992 -
1983 $725 - $10,696 -
1982 $710 - $11,089 -
1981 $729 - $11,537 -
1980 $711 - $13,812 -
1979 $664 - $12,817 -
1978 $578 - $11,196 -
1977 $590 - $9,180 -
1976 $589 - $7,937 -
1975 $551 - $7,346 -
1974 $494 - $6,450 -
1973 $410 - $5,353 -
1972 $335 - $4,110 -
1971 $296 - $3,384 -
1970 $281.3 - $2,931 -
1969 $276.6 - $2,647 -
1968 $301 - $2,364 -
1967 $281.5 - $2,155 -
1966 $273.6 - $1,986 -
1965 $270 - $1,848 -
1964 $244.3 - $1,668 -
1963 $188.2 - $1,437 -
1962 $189 - $1,342 -
1961 $188.2 - $1,254 -
1960 - - $1,156 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/mauritania/netherlands | CC BY

Mauritania's GDP per capita is $2,110, ranking 156/197, compared to $67,520 in the Netherlands, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Mauritania ranks 147th at $7,369, while the Netherlands ranks 11th at $86,174.

Economic indicators

Mauritania Netherlands
Gross domestic product
$10.9B
2024
$1.21T
2024
GDP rank
153/197
2024
19/197
2024
GDP growth
6.31%
2023-2024
1.08%
2023-2024
GDP per capita
$2,110
2024
$67,520
2024
GDP per capita rank
156/197
2024
13/197
2024
GDP per capita, PPP
$7,369
2024
$86,174
2024
GDP per capita PPP rank
147/197
2024
11/197
2024
Government debt
$4.67B
2024
$532B
2024
Debt-to-GDP ratio
42.8%
2024
43.8%
2024
Government debt per person
$904
2024
$29,571
2024
Government debt per person rank
145/185
2024
24/185
2024
Average annual personal income after taxes
$2,078
2026
$47,815
2026
Market capitalization of domestic companies n/a
$1.1T
2017
Number of millionaires n/a
1,267,000
2025
Number of billionaires n/a
13
2025
Income share by richest 10%
24.6%
2019
21.4%
2021
Income share by poorest 10%
3.1%
2019
3.6%
2021
Government expenditure, % of GDP
23.6%
2024
44.4%
2024
Consumer prices inflation
2.49%
2023-2024
3.35%
2023-2024
Unemployment rate
10.4%
2019
3.64%
2024
Population
5505206
18252623

Spending and national debt comparison by year

Mauritania
Spending

Debt
Netherlands
Spending

Debt
1x
Year % of GDP
Mauritania Netherlands
Government spending Government debt Government spending Government debt
2024 23.6% 42.8% 44.4% 43.8%
2023 24.8% 47.1% 44% 45.9%
2022 28.7% 50.5% 43.3% 48.4%
2021 20.8% 54.5% 45.9% 50.5%
2020 18.5% 56.5% 47.8% 53.4%
2019 17.8% 57.7% 42.1% 47.7%
2018 19% 59.2% 42.4% 51.6%
2017 20.3% 55.7% 42.8% 56%
2016 20.8% 57.6% 43.9% 60.9%
2015 25.7% 59.9% 45.3% 63.8%
2014 23.9% 49.5% 46.7% 67.2%
2013 20.1% 40.7% 47.5% 67.2%
2012 21.5% 39.3% 47.6% 65.7%
2011 17% 38.8% 47.8% 61.2%
2010 17.3% 43.9% 48.9% 58.9%
2009 19.6% 54.3% 48.4% 56.3%
2008 19.8% 57.2% 44.3% 54.4%
2007 19.7% 61.5% 43.3% 42.7%
2006 19% 38% 44% 45%
2005 21.3% 71.1% 43.4% 49.6%
2004 23.9% 22% 44.7% 50.1%
2003 - 22.9% 45.8% 49.8%
2002 - 59.5% 44.8% 48.7%
2001 - 63.5% 44.1% 49.4%
2000 - 55.5% 43.2% 52.2%
1999 - - 44.3% 58.6%
1998 - - 44.6% 62.7%
1997 - - 45.7% 65.7%
1996 - - 47.3% 71.2%
1995 - - 53.9% 73%
1994 - - 49.4% 73.5%
1993 - - 50.9% 76.7%
1992 - - 50.2% 75.6%
1991 - - 49.6% 74.8%
1990 - - 48.8% 75%
1989 - - 54.5% 73.7%
1988 - - 56.4% 73.7%
1987 - - 58.5% 71.3%
1986 - - 57% 68.9%
1985 - - 57.3% 67.1%
1984 - - 58.1% 61.9%
1983 - - 59.1% 58.4%
1982 - - 59.1% 52.4%
1981 - - 56.8% 46.9%
1980 - - 55.2% 43.6%
1979 - - 53.7% 39.5%
1978 - - 52.3% 38.1%
1977 - - 50.6% 34.9%
1976 - - 50.8% 35.2%
1975 - - 50.8% 36.1%
1974 - - 46.4% 36.3%
1973 - - 44.6% 38.1%
1972 - - 44.9% 41.3%
1971 - - 44.6% 43.7%
1970 - - 43.2% 46.1%
1969 - - 42.1% 48.2%
1968 - - 25.4% 54.4%
1967 - - 24.1% 55%
1966 - - 24.4% 55.6%
1965 - - 23.4% 55.8%
1964 - - 22.3% 57.1%
1963 - - 21.9% 61.7%
1962 - - 22.1% 63.8%
1961 - - 22.2% 65.9%
1960 - - 20.4% 66.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/mauritania/netherlands | CC BY

In 2024, Mauritania's government spending was $2.57B, accounting for 23.6% of its GDP, while the Netherlands spent $540B, or 44.4% of GDP.

Debt-to-GDP ratio is 42.8% in Mauritania and 43.8% in the Netherlands, ranking 126/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Mauritania

Netherlands
1x
Year Deficit/surplus, % of GDP
Mauritania Netherlands
2024 -1.35% -0.94%
2023 -2.45% -0.37%
2022 -3.09% 0.002%
2021 2.6% -2.26%
2020 2.78% -3.72%
2019 2.65% 1.91%
2018 3.23% 1.49%
2017 0.53% 1.35%
2016 0.13% 0.23%
2015 -2.44% -1.84%
2014 -2.64% -2.17%
2013 -0.66% -2.87%
2012 1.67% -3.83%
2011 0.07% -4.42%
2010 -0.45% -5.3%
2009 -3.59% -5.06%
2008 -3.32% -0.06%
2007 -1.38% -0.16%
2006 2.05% 0.04%
2005 -3.16% -0.51%
2004 -3.06% -1.82%
2003 - -3.19%
2002 - -2.23%
2001 - -0.47%
2000 - 1.14%
1999 - 0.28%
1998 - -1.34%
1997 - -1.6%
1996 - -1.91%
1995 - -8.72%
1994 - -3.53%
1993 - -3.13%
1992 - -3.12%
1991 - -2.05%
1990 - -4.08%
1989 - -5%
1988 - -4.23%
1987 - -5.39%
1986 - -4.62%
1985 - -3.6%
1984 - -5.25%
1983 - -5.47%
1982 - -6.17%
1981 - -4.92%
1980 - -3.95%
1979 - -2.46%
1978 - -2.09%
1977 - -0.75%
1976 - -2.02%
1975 - -2.82%
1974 - -0.26%
1973 - 0.54%
1972 - -0.7%
1971 - -1.58%
1970 - -1.52%
1969 - -1.14%
1968 - -3.06%
1967 - -1.97%
1966 - -2.37%
1965 - -1.15%
1964 - -1.2%
1963 - -0.54%
1962 - -1.38%
1961 - -0.38%
1960 - 0.9%
1959 - -0.74%
1958 - -0.89%
1957 - 0.3%
1956 - -0.83%
1955 - -0.25%
1954 - 0.76%
1953 - -2.95%
1952 - 2.19%
1951 - 2.13%
1950 - 0.81%
1949 - 2.3%
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -3.19%
1938 - -0.37%
1937 - 0.02%
1936 - -0.41%
1935 - -0.69%
1934 - -0.92%
1933 - -2.55%
1932 - -1.97%
1931 - -1.66%
1930 - -0.55%
1929 - -1.16%
1928 - -0.62%
1927 - -0.33%
1926 - -0.78%
1925 - -2.04%
1924 - -3.37%
1923 - -2.62%
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.45%
1912 - -0.47%
1911 - -0.13%
1910 - -0.93%
1909 - -0.34%
1908 - -0.57%
1907 - 0.03%
1906 - 0.16%
1905 - 0.1%
1904 - -0.72%
1903 - 0.09%
1902 - -0.14%
1901 - 0.03%
1900 - 0.06%
1899 - -0.13%
1898 - -0.48%
1897 - -0.45%
1896 - 0.08%
1895 - -0.06%
1894 - 0.12%
1893 - -0.76%
1892 - -1.72%
1891 - -0.06%
1890 - -0.06%
1889 - 0.04%
1888 - -0.31%
1887 - -0.37%
1886 - -0.08%
1885 - -0.55%
1884 - 0%
1883 - -2.1%
1882 - -1.11%
1881 - -1.06%
1880 - 0.21%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/mauritania/netherlands | CC BY

In 2024, Mauritania's government deficit, the difference between spending and revenue, was $148M, equivalent to 1.35% of GDP. This compares to the Netherlands' deficit of $11.5B, or 0.94% of GDP.

Over the past 21 years, Mauritania recorded a fiscal deficit in 12 of those years, while the Netherlands ran a deficit in 15 years. On average, Mauritania posted an annual deficit equal to 0.57% of GDP, compared to deficit of 1.44% of GDP for the Netherlands.

Inflation comparison by year

Inflation
Mauritania

Netherlands
1x
Year Consumer prices inflation
Mauritania Netherlands
2024 2.49% 3.35%
2023 4.95% 3.84%
2022 9.53% 10%
2021 3.57% 2.68%
2020 2.39% 1.27%
2019 2.3% 2.63%
2018 3.07% 1.7%
2017 2.25% 1.38%
2016 1.47% 0.32%
2015 3.25% 0.6%
2014 3.53% 0.98%
2013 4.13% 2.51%
2012 4.9% 2.46%
2011 5.69% 2.34%
2010 6.28% 1.28%
2009 2.22% 1.19%
2008 7.35% 2.49%
2007 7.25% 1.61%
2006 6.24% 1.1%
2005 12.1% 1.69%
2004 10.4% 1.26%
2003 5.15% 2.09%
2002 3.9% 3.29%
2001 4.71% 4.16%
2000 3.25% 2.36%
1999 4.07% 2.16%
1998 8.03% 1.96%
1997 4.63% 2.11%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/mauritania/netherlands | CC BY

Over the past 28 years, Mauritania has recorded an average annual inflation rate of 4.97%, compared with 2.31% in the Netherlands. In 2024, inflation was 2.49% in Mauritania and 3.35% in the Netherlands.

Top exports between countries

Mauritania
Export category Export value
Raw materials & minerals $2.38M
Machinery & equipment $1.48M
Animal & marine products $1.2M
Metals $294K
Processed food, beverages & tobacco $228K
Textiles & consumer goods $134K
Chemicals & pharma $89K
Raw agricultural goods $56K
Netherlands
Export category Export value
Processed food, beverages & tobacco $42.4M
Machinery & equipment $39.3M
Raw agricultural goods $32.5M
Raw materials & minerals $4.81M
Chemicals & pharma $3.24M
Animal & marine products $2.92M
Metals $2.72M
Textiles & consumer goods $2.52M
Miscellaneous $2.41M
Wood & paper products $643K

Balance of trade

Mauritania Netherlands
Current account balance
-$1.04B
2024
$111B
2024
Current account balance ranking
124/190
2024
5/190
2024
Current account balance, % of GDP
-9.53%
2024
+9.13%
2024
Goods imports
$4.32B
2024
$606B
2024
Goods exports
$3.83B
2024
$693B
2024
Service imports
$1.05B
2024
$262B
2024
Service exports
$230M
2024
$308B
2024
Imports of goods and services, % of GDP
52.2%
2024
71.4%
2024
Exports of goods and services, % of GDP
41.4%
2024
82.4%
2024

Economic freedom indices

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

Mauritania Netherlands
Economic freedom 53.9 78.5
Economic freedom ranking 136/197 11/197
Property rights 32.6 96
Government integrity 24.5 86.8
Judicial effectiveness 26.4 96.1
Tax burden 75.5 54
Government spending 80.2 42.2
Fiscal health 87.9 95.9
Business freedom 38.7 85
Labor freedom 53.6 59.3
Monetary freedom 77.8 77
Trade freedom 59.6 79.4
Investment freedom 50 90
Financial freedom 40 80

Economic freedom comparison by year

Mauritania
Netherlands
1x
Year Economic freedom index
Mauritania Netherlands
2026 53.9 78.5
2025 54.9 78.2
2024 55.3 77.3
2023 55.3 78
2022 55.3 79.5
2021 56.1 76.8
2020 55.3 77
2019 55.7 76.8
2018 54 76.2
2017 54.4 75.8
2016 54.8 74.6
2015 53.3 73.7
2014 53.2 74.2
2013 52.3 73.5
2012 53 73.3
2011 52.1 74.7
2010 52 75
2009 53.9 77
2008 55.2 77.4
2007 53.6 75.5
2006 55.7 75.4
2005 59.4 72.9
2004 61.8 74.5
2003 59 74.6
2002 52.5 75.1
2001 48.5 73
2000 46 70.4
1999 42.8 70.2
1998 43.7 69.2
1997 47 70.4
1996 45.5 69.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/mauritania/netherlands | CC BY

The Economic Freedom Index for Mauritania is 53.9, ranking 136/197, compared to 78.5 for the Netherlands, ranking 11/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mauritania Netherlands
Services, % of GDP
42.4%
2024
70.5%
2024
Industry, % of GDP
30.5%
2024
17.5%
2024
Agriculture, forestry, and fishing, % of GDP
19.3%
2024
1.73%
2024
GNI, Atlas method
$11B
2024
$1.12T
2024
GNI per capita, PPP
$7,300
2024
$84,970
2024
Total reserves including gold
$2.04B
2021
$79.1B
2024
Total reserves ranking
126/177
2021
34/177
2024
Net foreign direct investment
-$1.44B
2024
$11.1B
2024
Net inflows of foreign direct investment
$1.44B
2024
-$17.1B
2024
Net outflows of foreign direct investment
$3.9M
2024
-$5.93B
2024
Servicing debt to the IMF, % of GNI
3.82%
2024
n/a
Poverty at national poverty lines
31.8%
2019
14.5%
2021
Gross capital formation, % of GDP
43.1%
2024
19.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/mauritania/netherlands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
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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.