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Mexico economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Mexico ranked 14/197 by economy size with a GDP of $1.83T and 76/197 by GDP per capita at $13,889. Mexico has $1.13T in government debt, with a debt-to-GDP ratio of 61.8%.

In 2025, Mexico made up 1.55% of the world's economy, compared to 0.95% in 1960.

Mexico GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $1,832,641,364,776 0.56%
2024 $1,830,489,311,089 1.35%
2023 $1,794,410,347,718 3.11%
2022 $1,466,934,724,243 3.71%
2021 $1,316,569,466,834 6.05%
2020 $1,121,064,767,169 -8.35%
2019 $1,304,106,204,006 -0.39%
2018 $1,256,300,182,984 1.97%
2017 $1,190,721,475,853 1.87%
2016 $1,112,233,497,453 1.77%
2015 $1,213,294,467,654 2.7%
2014 $1,364,507,717,689 2.5%
2013 $1,327,436,290,439 0.85%
2012 $1,255,110,424,742 3.55%
2011 $1,229,013,703,417 3.44%
2010 $1,105,424,238,652 4.97%
2009 $943,437,414,951 -6.3%
2008 $1,161,553,459,985 0.94%
2007 $1,102,355,554,880 2.08%
2006 $1,020,265,057,882 4.81%
2005 $917,571,853,437 2.11%
2004 $819,459,227,375 3.57%
2003 $765,549,967,889 1.19%
2002 $810,666,116,402 -0.24%
2001 $796,064,590,549 -0.45%
2000 $742,061,329,749 5.03%
1999 $631,249,359,702 2.76%
1998 $557,461,102,631 6.19%
1997 $523,449,530,464 7.2%
1996 $432,157,945,024 6.22%
1995 $380,157,469,867 -5.91%
1994 $553,618,247,901 4.39%
1993 $530,160,763,663 2.87%
1992 $363,157,832,924 3.57%
1991 $313,139,656,146 3.98%
1990 $261,253,675,693 5.25%
1989 $221,403,098,267 3.63%
1988 $181,611,150,497 1.22%
1987 $147,542,558,209 2.06%
1986 $134,556,034,673 -3.93%
1985 $195,241,069,482 1.92%
1984 $184,230,754,105 3.51%
1983 $156,167,000,433 -4.62%
1982 $184,602,611,610 -0.05%
1981 $263,797,827,860 9.59%
1980 $205,577,055,466 8.76%
1979 $134,531,900,899 9.7%
1978 $102,648,570,299 8.96%
1977 $81,912,018,784 3.39%
1976 $88,875,923,765 4.42%
1975 $88,000,000,000 5.74%
1974 $72,000,000,000 5.78%
1973 $55,280,000,000 7.86%
1972 $45,200,000,000 8.23%
1971 $39,200,000,000 3.76%
1970 $35,520,000,000 6.5%
1969 $32,480,000,000 3.42%
1968 $29,360,000,000 9.42%
1967 $26,560,000,000 5.85%
1966 $24,320,000,000 6.1%
1965 $21,840,000,000 7.1%
1964 $20,080,000,000 11.9%
1963 $16,960,000,000 8.11%
1962 $15,200,000,000 4.66%
1961 $14,160,000,000 5%
1960 $13,040,000,000 -

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

GeoRank.org/economy/mexico | CC BY

Mexico GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $13,889 -
2024 $13,988 $26,185
2023 $13,831 $25,243
2022 $11,406 $23,135
2021 $10,314 $20,783
2020 $8,841 $19,354
2019 $10,370 $20,964
2018 $10,085 $20,921
2017 $9,649 $20,489
2016 $9,098 $20,105
2015 $10,021 $19,071
2014 $11,391 $18,821
2013 $11,217 $18,170
2012 $10,744 $18,005
2011 $10,664 $17,267
2010 $9,729 $15,909
2009 $8,424 $15,191
2008 $10,524 $15,681
2007 $10,134 $15,032
2006 $9,513 $14,540
2005 $8,672 $13,260
2004 $7,850 $12,658
2003 $7,434 $12,066
2002 $7,983 $11,762
2001 $7,953 $11,739
2000 $7,524 $11,705
1999 $6,500 $11,031
1998 $5,833 $10,756
1997 $5,567 $10,182
1996 $4,674 $9,496
1995 $4,184 $8,933
1994 $6,202 $9,466
1993 $6,048 $9,041
1992 $4,221 $9,470
1991 $3,709 $9,079
1990 $3,154 $8,578
1989 $2,725 -
1988 $2,279 -
1987 $1,888 -
1986 $1,757 -
1985 $2,602 -
1984 $2,506 -
1983 $2,170 -
1982 $2,621 -
1981 $3,829 -
1980 $3,055 -
1979 $2,049 -
1978 $1,604 -
1977 $1,315 -
1976 $1,465 -
1975 $1,492 -
1974 $1,256 -
1973 $993 -
1972 $837 -
1971 $748 -
1970 $699 -
1969 $660 -
1968 $616 -
1967 $576 -
1966 $545 -
1965 $506 -
1964 $481 -
1963 $420 -
1962 $388 -
1961 $374 -
1960 $355 -

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

GeoRank.org/economy/mexico | CC BY

Mexico has a GDP per capita of $13,889, ranking 76/197, a GDP per capita based on purchasing power parity (PPP) of $26,185, ranking 80/197, and a median annual after tax income of $10,482, ranking 72/197.

Mexico GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 14 67 -
2024 13 70 74
2023 13 68 73
2022 14 73 73
2021 15 71 73
2020 15 72 70
2019 15 71 70
2018 15 73 69
2017 15 75 68
2016 15 71 66
2015 14 67 68
2014 15 68 68
2013 15 69 70
2012 15 70 69
2011 15 68 69
2010 15 68 70
2009 14 68 70
2008 13 64 70
2007 14 62 67
2006 12 58 66
2005 11 56 63
2004 11 55 61
2003 10 53 61
2002 8 50 60
2001 8 49 56
2000 9 50 55
1999 10 51 54
1998 11 51 54
1997 12 53 54
1996 13 57 55
1995 14 58 54
1994 9 48 49
1993 8 48 50
1992 13 53 49
1991 15 54 49
1990 18 59 52
1989 16 58 -
1988 18 66 -
1987 18 70 -
1986 17 69 -
1985 11 56 -
1984 12 54 -
1983 14 60 -
1982 13 53 -
1981 8 43 -
1980 10 47 -
1979 14 51 -
1978 16 57 -
1977 16 61 -
1976 15 49 -
1975 14 47 -
1974 15 49 -
1973 15 51 -
1972 15 50 -
1971 15 52 -
1970 15 50 -
1969 15 39 -
1968 15 38 -
1967 15 40 -
1966 16 41 -
1965 16 40 -
1964 16 38 -
1963 16 40 -
1962 16 38 -
1961 16 37 -
1960 15 39 -

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

GeoRank.org/economy/mexico | CC BY

Compared with 2000, in 2025 Mexico is ranked 14th out of 179 by GDP (down from 9th), 67th by GDP per capita (down from 50th), and 74th by GDP per capita PPP (down from 55th).

Economic indicators

Mexico Rank
Gross domestic product
$1.83T
2025
14/197
GDP growth
0.56%
2024-2025
173/194
GDP per capita
$13,889
2025
76/197
GDP per capita, PPP
$26,185
2024
80/197
Government debt
$1.13T
2025
12/185
Debt-to-GDP ratio
61.8%
2025
73/185
Government debt per person
$8,577
2025
66/185
Average annual personal income after taxes
$10,482
2026
72/197
Listed domestic companies
129
2024
44/103
Market capitalization of domestic companies
$560B
2025
22/100
Number of millionaires
333,000
2026
23/40
Millionaire frequency
1 in 267
2026
31/40
Number of billionaires
22
2026
23/74
Billionaire frequency
1 in 4,046,045
2026
57/74
Income share by richest 10%
33.4%
2024
25/169
Income share by poorest 10%
2.1%
2024
133/169
Government expenditure, % of GDP
29.8%
2025
98/195
Consumer prices inflation
3.81%
2024-2025
70/195
Central bank interest rate
6.5%
2026
43/106
Unemployment rate
2.54%
2025
166/196
Population
133551566
11/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 29.8% 61.8% -4.86%
2024 30.8% 59.1% -5.78%
2023 28.6% 52.8% -4.3%
2022 28.5% 53.8% -4.32%
2021 26.7% 56.7% -3.75%
2020 27.8% 58.5% -4.29%
2019 25.3% 51.9% -2.27%
2018 25% 52.2% -2.14%
2017 25% 52.5% -1.03%
2016 26.5% 55% -2.68%
2015 26.6% 51% -3.86%
2014 26.9% 47.1% -4.37%
2013 26.7% 44.1% -3.56%
2012 27% 40.8% -3.57%
2011 26.6% 41.2% -3.2%
2010 26.5% 40.2% -3.8%
2009 26.5% 41.7% -3.94%
2008 26.5% 40.6% -0.68%
2007 22.5% 35.5% -1.46%
2006 21.6% 35.8% -1.23%
2005 21.2% 36.8% -1.43%
2004 20.5% 38.9% -1.35%
2003 21.5% 42.1% -2.24%
2002 19.8% 39.9% -2.18%
2001 19.5% 37.3% -2.57%
2000 19.4% 38.5% -2.69%
1999 20.1% 41.7% -4.49%
1998 19.5% 39.7% -4.49%
1997 20.7% 39.1% -3.48%
1996 20.8% 42.5% -3.66%
1995 18.9% 30.7% -2.28%
1994 18.9% 26.8% -2.25%
1993 18.2% 19.2% -1.51%
1992 19% 21.5% 2.26%
1991 20.1% 29.2% 1.49%
1990 22.9% 35.7% -3.11%
1989 19.2% 36% -4.75%
1988 23.6% 36.5% -8.76%
1987 26.7% 52.7% -11.6%
1986 25.1% 47.8% -11.2%
1985 21.4% 30.4% -7.2%
1984 19.8% 25.2% -5.79%
1983 21.6% 25.3% -6.03%
1982 24.7% 29.8% -11.4%
1981 20.1% 41.7% -4.9%
1980 17.5% 31.4% -1.75%
1979 16.5% 35.8% -2.15%
1978 15.7% 39% -1.88%
1977 15.5% 41.5% -2.43%
1976 15.5% 31.3% -3.14%
1975 14.7% 24.4% -2.64%
1974 13.8% 21.7% -3.33%
1973 12.7% 20% -2.75%
1972 11.9% 17.9% -2.3%
1971 10.6% 17% -1.43%
1970 10.9% 17.1% -1.71%
1969 11.8% 10.7% -2.74%
1968 10.9% 7.85% -2.06%
1967 10.4% 8.22% -2.12%
1966 11.6% 5.14% -3.2%
1965 10.7% 9.99% -2.51%
1964 9.21% 6.22% -1.44%
1963 8.51% 4.13% -0.92%
1962 8.26% 4.2% -0.79%
1961 8.01% 4.38% -0.88%
1960 9.5% 4.58% -1.36%
1959 8.08% 4.06% -0.73%
1958 8.77% 4.1% 0.24%
1957 8.23% 4.27% -0.03%
1956 8.42% 4.52% 0.52%
1955 8.14% 4.8% 0.6%
1954 9.62% 4.91% -0.94%
1953 8.48% 4.27% -0.58%
1952 9.94% 4.4% 0.42%
1951 9.33% 4.36% -0.26%
1950 8.78% 5.9% -0.2%
1949 10.9% 7.28% 0.44%
1948 8.38% 7.23% -1.55%
1947 7.55% 6.43% -0.93%
1946 6.55% 5.93% 0.66%
1945 7.94% 6.99% -1.11%
1944 8% 6.39% -1.12%
1943 8.32% 10.5% 0.05%
1942 7.91% 20.8% -0.93%
1941 7.46% 21.1% -0.26%
1940 7.39% 21.7% -0.4%
1939 7.33% 19.3% -0.06%
1938 6.92% 20.4% -0.91%
1937 7.04% 22.3% -0.41%
1936 7.59% 26.7% -0.39%
1935 6.63% 30.4% 0.26%
1934 6.38% 32.2% 0.72%
1933 6.48% 34.9% -0.58%
1932 6.61% 37.6% 0%
1931 5.36% 28.1% 0.71%
1930 5.98% 24.6% 0.21%
1929 5.68% 23% 0.95%
1928 5.74% 21.6% 0.24%
1927 6.22% 21.4% -0.3%
1926 5.94% 17.2% -0.29%
1925 5.69% 17.6% 0.46%
1924 4.55% 35.1% 1.34%
1923 4.71% 31% 1.02%
1922 4.97% 33% 1.13%
1921 4.73% 14.6% 0.64%
1920 4.11% 14.7% 0.91%
1919 3.41% 15.1% 0.41%
1918 3.55% 15% -0.19%
1917 2.84% 11.2% 0.63%
1916 - 11% -
1915 - 11.2% -
1914 - 11.3% -
1913 3.07% 15.6% 0.28%
1912 4.45% - -0.79%
1911 3.68% - -0.31%
1910 3.65% - 0.1%
1909 4.05% - 0.15%
1908 4.32% - -0.08%
1907 4.48% - 0.43%
1906 4.6% - 0.72%
1905 4.36% - 0.35%
1904 5.94% - 1.09%
1903 6.46% - 3.82%
1902 4.43% - 0.42%
1901 3.83% - 0.62%
1900 4.71% - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico | CC BY

This chart shows Mexico's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, Mexico recorded a fiscal deficit in 48 of them, with an average annual deficit equal to 3.64% of GDP. In 2025, government spending reached $547B (29.8% of GDP), with a deficit of 4.86%.

The national debt reached $1.13T, ranking 12th out of 185 countries by total size, with a debt-to-GDP ratio of 61.8%, ranking 73rd.

Inflation rate by year

1x
Year Inflation
2025 3.81%
2024 4.72%
2023 5.53%
2022 7.9%
2021 5.69%
2020 3.4%
2019 3.64%
2018 4.9%
2017 6.04%
2016 2.82%
2015 2.72%
2014 4.02%
2013 3.81%
2012 4.11%
2011 3.41%
2010 4.16%
2009 5.3%
2008 5.12%
2007 3.97%
2006 3.63%
2005 3.99%
2004 4.69%
2003 4.55%
2002 5.03%
2001 6.37%
2000 9.49%
1999 16.6%
1998 15.9%
1997 20.6%
1996 34.4%
1995 35%
1994 6.97%
1993 9.75%
1992 15.5%
1991 22.7%
1990 26.7%
1989 20%
1988 114.2%
1987 131.8%
1986 86.2%
1985 57.7%
1984 65.4%
1983 101.9%
1982 58.9%
1981 27.9%
1980 26.4%
1979 18.2%
1978 17.5%
1977 29.1%
1976 15.8%
1975 14.9%
1974 23.8%
1973 12.1%
1972 4.94%
1971 5.47%
1970 5%
1969 3.37%
1968 2.33%
1967 3.02%
1966 4.22%
1965 3.57%
1964 2.34%
1963 0.59%
1962 1.2%
1961 1.61%
1960 4.93%

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

GeoRank.org/economy/mexico | CC BY

Over the past 20 years, Mexico has had an average annual inflation rate of 4.43%. In 2025, inflation was 3.81%. The bar chart above shows consumer price inflation by year.

Balance of trade

Mexico Rank
Current account balance
-$8.2B
2025
171/190
Current account balance, % of GDP
-0.45%
2025
81/190
Goods imports
$665B
2025
8/189
Goods exports
$666B
2025
8/189
Service imports
$75.4B
2025
28/189
Service exports
$64B
2025
28/189
Imports of goods and services, % of GDP
40.3%
2025
98/182
Exports of goods and services, % of GDP
39.6%
2025
83/193

Mexico top 10 trading partners

Mexico's biggest trading partner accounting for 63.4% of all exports and imports is the United States, with a trade balance between the two of +$295B: Mexico exports $545B worth of goods and services to the United States and imports $250B.

Below is the list of the top 10 trade partners of Mexico.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 United States $795B 63.4% $545B $250B Machinery & equipment Machinery & equipment
2 China $143B 11.4% $9.92B $133B Raw materials & minerals Machinery & equipment
3 Canada $34.5B 2.75% $21.9B $12.5B Machinery & equipment Machinery & equipment
4 South Korea $28.3B 2.26% $5.3B $23.1B Raw materials & minerals Machinery & equipment
5 Germany $27.3B 2.18% $7.72B $19.6B Machinery & equipment Machinery & equipment
6 Vietnam $22.8B 1.82% $426M $22.4B Machinery & equipment Machinery & equipment
7 Japan $22.6B 1.8% $4.03B $18.6B Machinery & equipment Machinery & equipment
8 Malaysia $16.4B 1.31% $785M $15.6B Machinery & equipment Machinery & equipment
9 Brazil $15.7B 1.25% $4.45B $11.2B Machinery & equipment Machinery & equipment
10 Thailand $13.6B 1.08% $438M $13.1B Machinery & equipment Machinery & equipment

Top 10 exports

Mexico Rank
Machinery & equipment $468B 4/193
Raw materials & minerals $42.3B 29/193
Transport & tourism services $40.8B 26/191
Textiles & consumer goods $30.6B 14/193
Processed food, beverages & tobacco $25.5B 15/192
Chemicals & pharma $24.2B 25/193
Metals $22.4B 20/192
Raw agricultural goods $21.1B 9/193
Business & finance services $12.8B 30/189
Precious metals & jewellery $11.4B 21/190

Top 10 imports

Mexico Rank
Machinery & equipment $367B 4/193
Chemicals & pharma $69.5B 12/193
Raw materials & minerals $55B 19/193
Metals $47.8B 7/193
Transport & tourism services $37.5B 24/191
Textiles & consumer goods $33.2B 13/193
Miscellaneous $29.6B 3/193
Raw agricultural goods $17.9B 10/193
Business & finance services $16.7B 32/189
Processed food, beverages & tobacco $15B 15/193

Economic freedom indices

Mexico Rank
Economic freedom 59.8 102/197
Property rights 37.6 130/182
Government integrity 28.8 131/182
Judicial effectiveness 40.4 103/182
Tax burden 75.4 118/182
Government spending 74.6 87/180
Fiscal health 56.7 125/181
Business freedom 67 88/182
Labor freedom 57.3 74/182
Monetary freedom 70.6 129/180
Trade freedom 74.2 78/181
Investment freedom 75 22/181
Financial freedom 60 53/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 59.8 40.4 75.4 74.6 56.7
2025 61.3 39.9 75.6 76.5 67.3
2024 62 39.4 76 77 66.9
2023 63.2 30.8 75.5 77.8 73.6
2022 63.7 40.7 76 78.3 78
2021 65.5 35.9 76.1 79.8 88.7
2020 66 34.7 76.1 79.3 87.5
2019 64.7 34.9 75.8 78.2 83.2
2018 64.8 39 75.7 78.1 69.8
2017 63.6 38.7 74.9 76.7 66.8
2016 65.2 - 74.9 76.4 -
2015 66.4 - 77.8 78 -
2014 66.8 - 80.9 78.9 -
2013 67 - 81.1 79.4 -
2012 65.3 - 80.7 78.3 -
2011 67.8 - 81.3 83.1 -
2010 68.3 - 83.5 85.2 -
2009 65.8 - 83.4 81.8 -
2008 66.2 - 83.4 83.7 -
2007 66 - 82.2 83.4 -
2006 64.7 - 78.4 82.1 -
2005 65.2 - 74.9 83.7 -
2004 66 - 73.3 83.1 -
2003 65.3 - 68.3 84.7 -
2002 63 - 68.8 85.5 -
2001 60.6 - 69 85.5 -
2000 59.3 - 73.1 92.3 -
1999 58.5 - 73.4 86.3 -
1998 57.9 - 73.4 80.9 -
1997 57.1 - 73.2 82.7 -
1996 61.2 - 73.1 93.1 -
1995 63.1 - 72.4 86.8 -

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

GeoRank.org/economy/mexico | CC BY

Mexico is ranked 90/174 for economic freedom with a score of 59.8, compared to 46/162 and a score of 64.7 in 2006.

Other economic metrics

Mexico Rank
Services, % of GDP
58.9%
2025
83/191
Industry, % of GDP
30.6%
2025
53/194
Agriculture, forestry, and fishing, % of GDP
3.88%
2025
118/193
GNI, Atlas method
$1.81T
2025
14/194
GNI per capita, PPP
$25,070
2025
80/191
Total reserves including gold
$256B
2025
17/177
Net foreign direct investment
-$31.8B
2025
186/189
Net inflows of foreign direct investment
$45.5B
2024
11/193
Net outflows of foreign direct investment
$13B
2024
23/193
Servicing debt to the IMF, % of GNI
3.77%
2024
66/121
Poverty at national poverty lines
29.6%
2024
60/176
Gross capital formation, % of GDP
22.6%
2025
94/179

Compare Mexico vs other countries

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/mexico | 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 (1900–1995, 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 (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, 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.