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Economy of Mexico vs Qatar compared: GDP & Debt

Updated on by Georank

Mexico has a GDP of $1.83T compared to $216B for Qatar, ranking 14/197 and 56/197 by economy size, respectively.

Mexico has $1.13T in government debt (61.8% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Mexico vs Qatar GDP by year

Mexico
Qatar
1x
Year GDP, current $
Mexico Qatar
2025 $1,832,641,364,776 $215,559,615,385
2024 $1,830,489,311,089 $216,294,505,495
2023 $1,794,410,347,718 $213,002,809,341
2022 $1,466,934,724,243 $235,709,325,714
2021 $1,316,569,466,834 $179,732,009,560
2020 $1,121,064,767,169 $144,411,363,352
2019 $1,304,106,204,006 $176,371,267,692
2018 $1,256,300,182,984 $183,334,953,819
2017 $1,190,721,475,853 $161,099,122,225
2016 $1,112,233,497,453 $151,732,181,868
2015 $1,213,294,467,654 $161,739,955,577
2014 $1,364,507,717,689 $206,224,598,571
2013 $1,327,436,290,439 $198,727,642,967
2012 $1,255,110,424,742 $186,833,502,363
2011 $1,229,013,703,417 $167,775,274,725
2010 $1,105,424,238,652 $125,122,252,747
2009 $943,437,414,951 $97,798,351,648
2008 $1,161,553,459,985 $115,269,780,220
2007 $1,102,355,554,880 $79,711,813,187
2006 $1,020,265,057,882 $60,882,142,857
2005 $917,571,853,437 $44,530,494,505
2004 $819,459,227,375 $31,734,065,934
2003 $765,549,967,889 $23,533,791,209
2002 $810,666,116,402 $19,363,736,264
2001 $796,064,590,549 $17,538,461,538
2000 $742,061,329,749 $17,759,890,110
1999 $631,249,359,702 $12,393,131,868
1998 $557,461,102,631 $10,255,494,505
1997 $523,449,530,464 $11,297,802,198
1996 $432,157,945,024 $9,059,340,659
1995 $380,157,469,867 $8,137,912,088
1994 $553,618,247,901 $7,374,450,549
1993 $530,160,763,663 $7,156,593,407
1992 $363,157,832,924 $7,646,153,846
1991 $313,139,656,146 $6,883,516,484
1990 $261,253,675,693 $7,360,439,560
1989 $221,403,098,267 $6,487,912,088
1988 $181,611,150,497 $6,038,186,813
1987 $147,542,558,209 $5,446,428,571
1986 $134,556,034,673 $5,053,021,978
1985 $195,241,069,482 $6,153,296,703
1984 $184,230,754,105 $6,870,329,670
1983 $156,167,000,433 $6,484,890,110
1982 $184,602,611,610 $7,611,263,736
1981 $263,797,827,860 $8,672,527,473
1980 $205,577,055,466 $7,837,915,956
1979 $134,531,900,899 $5,632,962,997
1978 $102,648,570,299 $4,052,000,413
1977 $81,912,018,784 $3,617,564,638
1976 $88,875,923,765 $3,284,273,987
1975 $88,000,000,000 $2,512,773,166
1974 $72,000,000,000 $2,401,403,227
1973 $55,280,000,000 $793,885,560
1972 $45,200,000,000 $510,262,500
1971 $39,200,000,000 $387,703,106
1970 $35,520,000,000 $301,791,302
1969 $32,480,000,000 -
1968 $29,360,000,000 -
1967 $26,560,000,000 -
1966 $24,320,000,000 -
1965 $21,840,000,000 -
1964 $20,080,000,000 -
1963 $16,960,000,000 -
1962 $15,200,000,000 -
1961 $14,160,000,000 -
1960 $13,040,000,000 -

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

GeoRank.org/economy/mexico/qatar | CC BY

GDP per capita in Mexico vs Qatar by year

Mexico
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,889 - $72,525 -
2024 $13,988 $26,185 $75,685 $126,046
2023 $13,831 $25,243 $80,196 $129,368
2022 $11,406 $23,135 $88,701 $122,921
2021 $10,314 $20,783 $71,752 $116,833
2020 $8,841 $19,354 $51,684 $82,149
2019 $10,370 $20,964 $66,841 $107,503
2018 $10,085 $20,921 $71,040 $110,033
2017 $9,649 $20,489 $63,280 $99,358
2016 $9,098 $20,105 $61,254 $89,935
2015 $10,021 $19,071 $68,985 $102,546
2014 $11,391 $18,821 $95,841 $148,389
2013 $11,217 $18,170 $103,697 $169,203
2012 $10,744 $18,005 $108,470 $180,939
2011 $10,664 $17,267 $103,262 $174,620
2010 $9,729 $15,909 $77,387 $151,646
2009 $8,424 $15,191 $60,786 $125,898
2008 $10,524 $15,681 $80,781 $126,015
2007 $10,134 $15,032 $65,954 $124,056
2006 $9,513 $14,540 $62,582 $127,181
2005 $8,672 $13,260 $53,950 $115,250
2004 $7,850 $12,658 $41,036 $110,958
2003 $7,434 $12,066 $31,602 $94,120
2002 $7,983 $11,762 $27,227 $93,177
2001 $7,953 $11,739 $25,871 $89,805
2000 $7,524 $11,705 $27,535 $88,849
1999 $6,500 $11,031 $20,234 $84,690
1998 $5,833 $10,756 $17,665 $84,486
1997 $5,567 $10,182 $20,523 $79,219
1996 $4,674 $9,496 $17,125 $62,331
1995 $4,184 $8,933 $15,823 $60,321
1994 $6,202 $9,466 $14,765 $59,415
1993 $6,048 $9,041 $14,770 $59,125
1992 $4,221 $9,470 $16,280 $60,387
1991 $3,709 $9,079 $15,133 $54,759
1990 $3,154 $8,578 $16,722 $55,659
1989 $2,725 - $15,243 -
1988 $2,279 - $14,682 -
1987 $1,888 - $13,719 -
1986 $1,757 - $13,213 -
1985 $2,602 - $16,815 -
1984 $2,506 - $19,749 -
1983 $2,170 - $19,669 -
1982 $2,621 - $24,431 -
1981 $3,829 - $29,543 -
1980 $3,055 - $28,407 -
1979 $2,049 - $21,777 -
1978 $1,604 - $16,757 -
1977 $1,315 - $16,058 -
1976 $1,465 - $15,710 -
1975 $1,492 - $13,014 -
1974 $1,256 - $13,540 -
1973 $993 - $4,905 -
1972 $837 - $3,483 -
1971 $748 - $2,952 -
1970 $699 - $2,594 -
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/qatar | CC BY

Mexico's GDP per capita is $13,889, ranking 76/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Qatar ranks 5th at $126,046.

Economic indicators

Mexico Qatar
Gross domestic product
$1.83T
2025
$216B
2025
GDP rank
14/197
2025
56/197
2025
GDP growth
0.56%
2024-2025
2.9%
2024-2025
GDP per capita
$13,889
2025
$72,525
2025
GDP per capita rank
76/197
2025
13/197
2025
GDP per capita, PPP
$26,185
2024
$126,046
2024
GDP per capita PPP rank
80/197
2024
5/197
2024
Government debt
$1.13T
2025
$89.2B
2025
Debt-to-GDP ratio
61.8%
2025
41.4%
2025
Government debt per person
$8,577
2025
$30,009
2025
Government debt per person rank
66/185
2025
24/185
2025
Average annual personal income after taxes
$10,482
2026
$37,042
2026
Market capitalization of domestic companies
$560B
2025
$177B
2025
Number of millionaires
333,000
2026
30,000
2026
Number of billionaires
22
2026
2
2026
Income share by richest 10%
33.4%
2024
25.8%
2017
Income share by poorest 10%
2.1%
2024
2.6%
2017
Government expenditure, % of GDP
29.8%
2025
27.1%
2025
Consumer prices inflation
3.81%
2024-2025
0.6%
2024-2025
Central bank interest rate
6.5%
2026
4.1%
2025
Unemployment rate
2.54%
2025
0.1%
2024
Population
133551566
3058826

Spending and national debt comparison by year

Mexico
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Mexico Qatar
Government spending Government debt Government spending Government debt
2025 29.8% 61.8% 27.1% 41.4%
2024 30.8% 59.1% 26% 41.3%
2023 28.6% 52.8% 26.7% 42.8%
2022 28.5% 53.8% 24.3% 42.6%
2021 26.7% 56.7% 29.4% 58.4%
2020 27.8% 58.5% 34.7% 72.6%
2019 25.3% 51.9% 32.5% 62.1%
2018 25% 52.2% 28.9% 52.2%
2017 25% 52.5% 34.7% 51.6%
2016 26.5% 55% 40.1% 46.7%
2015 26.6% 51% 38.6% 35.5%
2014 26.9% 47.1% 32.3% 24.9%
2013 26.7% 44.1% 28.3% 30.9%
2012 27% 40.8% 31% 32.1%
2011 26.6% 41.2% 28.5% 33.5%
2010 26.5% 40.2% 32% 30.4%
2009 26.5% 41.7% 36.4% 36%
2008 26.5% 40.6% 23.5% 11.4%
2007 22.5% 35.5% 29.5% 9.37%
2006 21.6% 35.8% 29.5% 13.9%
2005 21.2% 36.8% 29% 19.1%
2004 20.5% 38.9% 29.9% 30.1%
2003 21.5% 42.1% 28.5% 38.8%
2002 19.8% 39.9% 31.6% 47.7%
2001 19.5% 37.3% 32.1% 59.2%
2000 19.4% 38.5% 29.8% 51.6%
1999 20.1% 41.7% 42.4% 81.8%
1998 19.5% 39.7% 55.1% 76.6%
1997 20.7% 39.1% 47.6% 54.4%
1996 20.8% 42.5% 55.2% 57.8%
1995 18.9% 30.7% 52.2% 50.2%
1994 18.9% 26.8% 59.8% 54.8%
1993 18.2% 19.2% 62.8% 46.3%
1992 19% 21.5% 54.2% 19.9%
1991 20.1% 29.2% 57.5% 21.8%
1990 22.9% 35.7% 50% 12.6%
1989 19.2% 36% - -
1988 23.6% 36.5% - -
1987 26.7% 52.7% - -
1986 25.1% 47.8% - -
1985 21.4% 30.4% - -
1984 19.8% 25.2% - -
1983 21.6% 25.3% - -
1982 24.7% 29.8% - -
1981 20.1% 41.7% - -
1980 17.5% 31.4% - -
1979 16.5% 35.8% - -
1978 15.7% 39% - -
1977 15.5% 41.5% - -
1976 15.5% 31.3% - -
1975 14.7% 24.4% - -
1974 13.8% 21.7% - -
1973 12.7% 20% - -
1972 11.9% 17.9% - -
1971 10.6% 17% - -
1970 10.9% 17.1% - -
1969 11.8% 10.7% - -
1968 10.9% 7.85% - -
1967 10.4% 8.22% - -
1966 11.6% 5.14% - -
1965 10.7% 9.99% - -
1964 9.21% 6.22% - -
1963 8.51% 4.13% - -
1962 8.26% 4.2% - -
1961 8.01% 4.38% - -
1960 9.5% 4.58% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

GeoRank.org/economy/mexico/qatar | CC BY

In 2025, Mexico's government spending was $547B, accounting for 29.8% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 61.8% in Mexico and 41.4% in Qatar, ranking 73/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Qatar
1x
Year Deficit/surplus, % of GDP
Mexico Qatar
2025 -4.86% -1%
2024 -5.78% 0.71%
2023 -4.3% 5.51%
2022 -4.32% 10.4%
2021 -3.75% 0.24%
2020 -4.29% -2.13%
2019 -2.27% 1%
2018 -2.14% 2.26%
2017 -1.03% -6.82%
2016 -2.68% -9.2%
2015 -3.86% 18.4%
2014 -4.37% 13.4%
2013 -3.56% 19.3%
2012 -3.57% 8.55%
2011 -3.2% 5.24%
2010 -3.8% 4.6%
2009 -3.94% 14.1%
2008 -0.68% 9.49%
2007 -1.46% 10.3%
2006 -1.23% 8.39%
2005 -1.43% 9.8%
2004 -1.35% 17.7%
2003 -2.24% 6.71%
2002 -2.18% 7.89%
2001 -2.57% 4.48%
2000 -2.69% 4.62%
1999 -4.49% -4.35%
1998 -4.49% -7%
1997 -3.48% -9.4%
1996 -3.66% -8.73%
1995 -2.28% -5.78%
1994 -2.25% -11.8%
1993 -1.51% -9.53%
1992 2.26% -2.74%
1991 1.49% -2.57%
1990 -3.11% 3.23%
1989 -4.75% -
1988 -8.76% -
1987 -11.6% -
1986 -11.2% -
1985 -7.2% -
1984 -5.79% -
1983 -6.03% -
1982 -11.4% -
1981 -4.9% -
1980 -1.75% -
1979 -2.15% -
1978 -1.88% -
1977 -2.43% -
1976 -3.14% -
1975 -2.64% -
1974 -3.33% -
1973 -2.75% -
1972 -2.3% -
1971 -1.43% -
1970 -1.71% -
1969 -2.74% -
1968 -2.06% -
1967 -2.12% -
1966 -3.2% -
1965 -2.51% -
1964 -1.44% -
1963 -0.92% -
1962 -0.79% -
1961 -0.88% -
1960 -1.36% -
1959 -0.73% -
1958 0.24% -
1957 -0.03% -
1956 0.52% -
1955 0.6% -
1954 -0.94% -
1953 -0.58% -
1952 0.42% -
1951 -0.26% -
1950 -0.2% -
1949 0.44% -
1948 -1.55% -
1947 -0.93% -
1946 0.66% -
1945 -1.11% -
1944 -1.12% -
1943 0.05% -
1942 -0.93% -
1941 -0.26% -
1940 -0.4% -
1939 -0.06% -
1938 -0.91% -
1937 -0.41% -
1936 -0.39% -
1935 0.26% -
1934 0.72% -
1933 -0.58% -
1932 0% -
1931 0.71% -
1930 0.21% -
1929 0.95% -
1928 0.24% -
1927 -0.3% -
1926 -0.29% -
1925 0.46% -
1924 1.34% -
1923 1.02% -
1922 1.13% -
1921 0.64% -
1920 0.91% -
1919 0.41% -
1918 -0.19% -
1917 0.63% -
1916 - -
1915 - -
1914 - -
1913 0.28% -
1912 -0.79% -
1911 -0.31% -
1910 0.1% -
1909 0.15% -
1908 -0.08% -
1907 0.43% -
1906 0.72% -
1905 0.35% -
1904 1.09% -
1903 3.82% -
1902 0.42% -
1901 0.62% -
1900 0.76% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/qatar | CC BY

In 2025, Mexico's government deficit, the difference between spending and revenue, was $89B, equivalent to 4.86% of GDP. This compares to Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Mexico recorded a fiscal deficit in 34 of those years, while Qatar ran a deficit in 13 years. On average, Mexico posted an annual deficit equal to 2.75% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Mexico

Qatar
1x
Year Consumer prices inflation
Mexico Qatar
2025 3.81% 0.6%
2024 4.72% 1.2%
2023 5.53% 3.1%
2022 7.9% 5%
2021 5.69% 2.3%
2020 3.4% -2.5%
2019 3.64% -0.9%
2018 4.9% 0.1%
2017 6.04% 0.6%
2016 2.82% 2.7%
2015 2.72% 0.9%
2014 4.02% 4.2%
2013 3.81% 3.1%
2012 4.11% 1.8%
2011 3.41% 2%
2010 4.16% -2.4%
2009 5.3% -4.9%
2008 5.12% 15.1%
2007 3.97% 13.7%
2006 3.63% 11.7%
2005 3.99% 9%
2004 4.69% 6.8%
2003 4.55% 2.3%
2002 5.03% 0.2%
2001 6.37% 1.7%
2000 9.49% 1.6%
1999 16.6% 2.2%
1998 15.9% 2.9%
1997 20.6% 2.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/qatar | CC BY

Over the past 29 years, Mexico has recorded an average annual inflation rate of 6.07%, compared with 2.99% in Qatar. In 2025, inflation was 3.81% in Mexico and 0.6% in Qatar.

Top exports between countries

Mexico
Export category Export value
Machinery & equipment $49.3M
Metals $451K
Processed food, beverages & tobacco $444K
Raw materials & minerals $333K
Raw agricultural goods $276K
Miscellaneous $195K
Chemicals & pharma $16K
Qatar
Export category Export value
Metals $57.3M
Textiles & consumer goods $3.85M
Machinery & equipment $2.28M
Precious metals & jewellery $1.53M
Chemicals & pharma $634K
Miscellaneous $30K

Balance of trade

Mexico Qatar
Current account balance
-$8.2B
2025
$31.9B
2025
Current account balance ranking
171/190
2025
17/190
2025
Current account balance, % of GDP
-0.45%
2025
+14.8%
2025
Goods imports
$665B
2025
$34.3B
2025
Goods exports
$666B
2025
$90B
2025
Service imports
$75.4B
2025
$31.3B
2025
Service exports
$64B
2025
$24.4B
2025
Imports of goods and services, % of GDP
40.3%
2025
31.6%
2022
Exports of goods and services, % of GDP
39.6%
2025
68.6%
2022

Economic freedom indices

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

Mexico Qatar
Economic freedom 59.8 70.2
Economic freedom ranking 102/197 37/197
Property rights 37.6 66.2
Government integrity 28.8 53.5
Judicial effectiveness 40.4 41.5
Tax burden 75.4 99.9
Government spending 74.6 79.9
Fiscal health 56.7 96.6
Business freedom 67 68
Labor freedom 57.3 58.5
Monetary freedom 70.6 76
Trade freedom 74.2 81.8
Investment freedom 75 60
Financial freedom 60 60

Economic freedom comparison by year

Mexico
Qatar
1x
Year Economic freedom index
Mexico Qatar
2026 59.8 70.2
2025 61.3 70.2
2024 62 68.8
2023 63.2 68.6
2022 63.7 67.7
2021 65.5 72
2020 66 72.3
2019 64.7 72.6
2018 64.8 72.6
2017 63.6 73.1
2016 65.2 70.7
2015 66.4 70.8
2014 66.8 71.2
2013 67 71.3
2012 65.3 71.3
2011 67.8 70.5
2010 68.3 69
2009 65.8 65.8
2008 66.2 62.2
2007 66 62.9
2006 64.7 62.4
2005 65.2 63.5
2004 66 66.5
2003 65.3 65.9
2002 63 61.9
2001 60.6 60
2000 59.3 62
1999 58.5 62
1998 57.9 -
1997 57.1 -
1996 61.2 -
1995 63.1 -

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

GeoRank.org/economy/mexico/qatar | CC BY

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Qatar
Services, % of GDP
58.9%
2025
47%
2025
Industry, % of GDP
30.6%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
3.88%
2025
0.31%
2025
GNI, Atlas method
$1.81T
2025
$221B
2025
GNI per capita, PPP
$25,070
2025
$126,290
2025
Total reserves including gold
$256B
2025
$55.8B
2025
Total reserves ranking
17/177
2025
45/177
2025
Net foreign direct investment
-$31.8B
2025
$311M
2025
Net inflows of foreign direct investment
$45.5B
2024
$460M
2024
Net outflows of foreign direct investment
$13B
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
3.77%
2024
n/a
Poverty at national poverty lines
29.6%
2024
n/a
Gross capital formation, % of GDP
22.6%
2025
30.6%
2022

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/qatar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, 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)

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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.