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Economy of Mexico vs Romania compared: GDP & Debt

Updated on by Georank

Mexico has a GDP of $1.83T compared to $429B for Romania, ranking 14/197 and 39/197 by economy size, respectively.

Mexico has $1.13T in government debt (61.8% of GDP), compared to $260B (60.6% of GDP) in Romania.

Mexico vs Romania GDP by year

Mexico
Romania
1x
Year GDP, current $
Mexico Romania
2025 $1,832,641,364,776 $428,677,977,855
2024 $1,830,489,311,089 $382,564,217,989
2023 $1,794,410,347,718 $347,757,995,759
2022 $1,466,934,724,243 $295,317,862,856
2021 $1,316,569,466,834 $285,072,444,957
2020 $1,121,064,767,169 $250,624,575,872
2019 $1,304,106,204,006 $250,080,428,512
2018 $1,256,300,182,984 $241,791,427,224
2017 $1,190,721,475,853 $210,147,385,855
2016 $1,112,233,497,453 $185,290,759,249
2015 $1,213,294,467,654 $177,885,131,240
2014 $1,364,507,717,689 $199,722,319,676
2013 $1,327,436,290,439 $189,798,603,751
2012 $1,255,110,424,742 $179,117,323,107
2011 $1,229,013,703,417 $192,623,977,894
2010 $1,105,424,238,652 $170,064,350,672
2009 $943,437,414,951 $174,110,532,659
2008 $1,161,553,459,985 $214,315,932,061
2007 $1,102,355,554,880 $174,588,782,939
2006 $1,020,265,057,882 $122,023,735,993
2005 $917,571,853,437 $98,454,380,120
2004 $819,459,227,375 $74,973,656,852
2003 $765,549,967,889 $57,806,384,143
2002 $810,666,116,402 $46,065,502,703
2001 $796,064,590,549 $40,395,116,581
2000 $742,061,329,749 $37,253,739,511
1999 $631,249,359,702 $35,953,156,754
1998 $557,461,102,631 $41,696,091,974
1997 $523,449,530,464 $35,575,214,078
1996 $432,157,945,024 $36,937,074,278
1995 $380,157,469,867 $37,430,162,103
1994 $553,618,247,901 $30,072,805,104
1993 $530,160,763,663 $26,361,160,450
1992 $363,157,832,924 $25,121,666,667
1991 $313,139,656,146 $28,850,634,900
1990 $261,253,675,693 $38,247,882,300
1989 $221,403,098,267 $41,450,777,202
1988 $181,611,150,497 $40,424,528,302
1987 $147,542,558,209 $38,067,567,568
1986 $134,556,034,673 -
1985 $195,241,069,482 -
1984 $184,230,754,105 -
1983 $156,167,000,433 -
1982 $184,602,611,610 -
1981 $263,797,827,860 -
1980 $205,577,055,466 -
1979 $134,531,900,899 -
1978 $102,648,570,299 -
1977 $81,912,018,784 -
1976 $88,875,923,765 -
1975 $88,000,000,000 -
1974 $72,000,000,000 -
1973 $55,280,000,000 -
1972 $45,200,000,000 -
1971 $39,200,000,000 -
1970 $35,520,000,000 -
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/romania | CC BY

GDP per capita in Mexico vs Romania by year

Mexico
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,889 - $22,538 -
2024 $13,988 $26,185 $20,080 $49,077
2023 $13,831 $25,243 $18,244 $45,982
2022 $11,406 $23,135 $15,503 $41,979
2021 $10,314 $20,783 $14,908 $37,534
2020 $8,841 $19,354 $13,009 $34,194
2019 $10,370 $20,964 $12,910 $33,425
2018 $10,085 $20,921 $12,416 $29,383
2017 $9,649 $20,489 $10,728 $26,943
2016 $9,098 $20,105 $9,405 $23,905
2015 $10,021 $19,071 $8,977 $21,625
2014 $11,391 $18,821 $10,032 $20,633
2013 $11,217 $18,170 $9,498 $19,678
2012 $10,744 $18,005 $8,930 $19,808
2011 $10,664 $17,267 $9,561 $18,804
2010 $9,729 $15,909 $8,400 $17,355
2009 $8,424 $15,191 $8,548 $16,641
2008 $10,524 $15,681 $10,435 $16,782
2007 $10,134 $15,032 $8,360 $13,703
2006 $9,513 $14,540 $5,758 $11,554
2005 $8,672 $13,260 $4,618 $9,602
2004 $7,850 $12,658 $3,495 $8,989
2003 $7,434 $12,066 $2,679 $7,559
2002 $7,983 $11,762 $2,120 $7,162
2001 $7,953 $11,739 $1,825 $6,520
2000 $7,524 $11,705 $1,660 $5,850
1999 $6,500 $11,031 $1,600 $5,596
1998 $5,833 $10,756 $1,853 $5,545
1997 $5,567 $10,182 $1,577 $5,564
1996 $4,674 $9,496 $1,633 $5,746
1995 $4,184 $8,933 $1,650 $5,429
1994 $6,202 $9,466 $1,323 $4,995
1993 $6,048 $9,041 $1,158 $4,699
1992 $4,221 $9,470 $1,102 $4,515
1991 $3,709 $9,079 $1,254 $4,795
1990 $3,154 $8,578 $1,648 $5,280
1989 $2,725 - $1,790 -
1988 $2,279 - $1,753 -
1987 $1,888 - $1,659 -
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/romania | CC BY

Mexico's GDP per capita is $13,889, ranking 76/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Romania ranks 47th at $49,077.

Economic indicators

Mexico Romania
Gross domestic product
$1.83T
2025
$429B
2025
GDP rank
14/197
2025
39/197
2025
GDP growth
0.56%
2024-2025
0.68%
2024-2025
GDP per capita
$13,889
2025
$22,538
2025
GDP per capita rank
76/197
2025
57/197
2025
GDP per capita, PPP
$26,185
2024
$49,077
2024
GDP per capita PPP rank
80/197
2024
47/197
2024
Government debt
$1.13T
2025
$260B
2025
Debt-to-GDP ratio
61.8%
2025
60.6%
2025
Government debt per person
$8,577
2025
$13,650
2025
Government debt per person rank
66/185
2025
48/185
2025
Average annual personal income after taxes
$10,482
2026
$13,510
2026
Market capitalization of domestic companies
$560B
2025
$70.9B
2025
Number of millionaires
333,000
2026
n/a
Number of billionaires
22
2026
6
2026
Income share by richest 10%
33.4%
2024
21.8%
2023
Income share by poorest 10%
2.1%
2024
2.4%
2023
Government expenditure, % of GDP
29.8%
2025
40.5%
2025
Consumer prices inflation
3.81%
2024-2025
7.3%
2024-2025
Central bank interest rate
6.5%
2026
6.5%
2024
Unemployment rate
2.54%
2025
6.1%
2025
Population
133551566
18912567

Spending and national debt comparison by year

Mexico
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Mexico Romania
Government spending Government debt Government spending Government debt
2025 29.8% 61.8% 40.5% 60.6%
2024 30.8% 59.1% 40% 57.5%
2023 28.6% 52.8% 37% 52.6%
2022 28.5% 53.8% 37.5% 51.9%
2021 26.7% 56.7% 37.2% 51.8%
2020 27.8% 58.5% 38.3% 49.5%
2019 25.3% 51.9% 33.4% 36.8%
2018 25% 52.2% 31.9% 36.4%
2017 25% 52.5% 31% 37.1%
2016 26.5% 55% 31.8% 39.5%
2015 26.6% 51% 34.2% 39.4%
2014 26.9% 47.1% 33.8% 40.5%
2013 26.7% 44.1% 34.2% 39.3%
2012 27% 40.8% 33.5% 36.2%
2011 26.6% 41.2% 35% 32.6%
2010 26.5% 40.2% 37.4% 30.2%
2009 26.5% 41.7% 36.3% 22.5%
2008 26.5% 40.6% 35.3% 13%
2007 22.5% 35.5% 34.6% 12.4%
2006 21.6% 35.8% 33.9% 12.7%
2005 21.2% 36.8% 32.3% 17.8%
2004 20.5% 38.9% 33.7% 21.3%
2003 21.5% 42.1% 31.8% 24.9%
2002 19.8% 39.9% 32.1% 27.4%
2001 19.5% 37.3% 33.2% 27.4%
2000 19.4% 38.5% 35% 29.6%
1999 20.1% 41.7% 35.1% 21.7%
1998 19.5% 39.7% 34.7% 16.5%
1997 20.7% 39.1% 33.5% 15%
1996 20.8% 42.5% 33.5% 11%
1995 18.9% 30.7% 34.4% 6.91%
1994 18.9% 26.8% 33.1% -
1993 18.2% 19.2% 33.5% -
1992 19% 21.5% 41.5% -
1991 20.1% 29.2% 38.3% -
1990 22.9% 35.7% 38.4% -
1989 19.2% 36% 40.1% -
1988 23.6% 36.5% 36.6% -
1987 26.7% 52.7% 40.7% -
1986 25.1% 47.8% 42.5% -
1985 21.4% 30.4% 41.6% -
1984 19.8% 25.2% 28.6% -
1983 21.6% 25.3% 25.8% -
1982 24.7% 29.8% 28.5% -
1981 20.1% 41.7% 30.4% -
1980 17.5% 31.4% 33.6% -
1979 16.5% 35.8% 42% -
1978 15.7% 39% 42.1% -
1977 15.5% 41.5% 39.9% -
1976 15.5% 31.3% 37.5% -
1975 14.7% 24.4% 40.6% -
1974 13.8% 21.7% 37.6% -
1973 12.7% 20% 32.6% -
1972 11.9% 17.9% 29.9% -
1971 10.6% 17% 27.2% -
1970 10.9% 17.1% 28.1% -
1969 11.8% 10.7% 32.1% -
1968 10.9% 7.85% 31.8% -
1967 10.4% 8.22% 30.6% -
1966 11.6% 5.14% 27.3% -
1965 10.7% 9.99% 25.6% -
1964 9.21% 6.22% 25.1% -
1963 8.51% 4.13% 23.1% -
1962 8.26% 4.2% 43.4% -
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 (1960–1999, retrieved 2026-07-08).

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

In 2025, Mexico's government spending was $547B, accounting for 29.8% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 61.8% in Mexico and 60.6% in Romania, ranking 73/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Romania
1x
Year Deficit/surplus, % of GDP
Mexico Romania
2025 -4.86% -7.64%
2024 -5.78% -8.68%
2023 -4.3% -5.66%
2022 -4.32% -5.85%
2021 -3.75% -6.74%
2020 -4.29% -9.6%
2019 -2.27% -4.58%
2018 -2.14% -2.76%
2017 -1.03% -2.86%
2016 -2.68% -2.5%
2015 -3.86% -1.35%
2014 -4.37% -1.76%
2013 -3.56% -2.44%
2012 -3.57% -2.39%
2011 -3.2% -4.14%
2010 -3.8% -6.22%
2009 -3.94% -6.86%
2008 -0.68% -4.6%
2007 -1.46% -3.05%
2006 -1.23% -1.36%
2005 -1.43% -0.69%
2004 -1.35% -3.39%
2003 -2.24% -2.29%
2002 -2.18% -2.59%
2001 -2.57% -3.2%
2000 -2.69% -3.99%
1999 -4.49% -3.58%
1998 -4.49% -5.33%
1997 -3.48% -5.19%
1996 -3.66% -4.74%
1995 -2.28% -3.32%
1994 -2.25% -2.2%
1993 -1.51% -0.35%
1992 2.26% -4.55%
1991 1.49% 3.23%
1990 -3.11% 1.03%
1989 -4.75% -2.87%
1988 -8.76% 8.4%
1987 -11.6% 2.37%
1986 -11.2% 5.72%
1985 -7.2% 6.36%
1984 -5.79% 15.2%
1983 -6.03% 9.35%
1982 -11.4% 0.36%
1981 -4.9% 0.61%
1980 -1.75% -1.95%
1979 -2.15% 0%
1978 -1.88% 0%
1977 -2.43% 0.23%
1976 -3.14% 0.66%
1975 -2.64% 0.41%
1974 -3.33% 0.51%
1973 -2.75% 1.53%
1972 -2.3% 1.21%
1971 -1.43% 0.89%
1970 -1.71% 0.52%
1969 -2.74% 0.93%
1968 -2.06% 1.65%
1967 -2.12% 1.23%
1966 -3.2% 0.91%
1965 -2.51% -1.29%
1964 -1.44% -3.11%
1963 -0.92% -1.61%
1962 -0.79% -4.86%
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/romania | 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 Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 39 years, Mexico recorded a fiscal deficit in 37 of those years, while Romania ran a deficit in 35 years. On average, Mexico posted an annual deficit equal to 3.18% of GDP, compared to deficit of 3.19% of GDP for Romania.

Inflation comparison by year

Inflation
Mexico

Romania
1x
Year Consumer prices inflation
Mexico Romania
2025 3.81% 7.3%
2024 4.72% 5.6%
2023 5.53% 10.4%
2022 7.9% 13.8%
2021 5.69% 5%
2020 3.4% 2.6%
2019 3.64% 3.8%
2018 4.9% 4.6%
2017 6.04% 1.3%
2016 2.82% -1.6%
2015 2.72% -0.6%
2014 4.02% 1.1%
2013 3.81% 4%
2012 4.11% 3.3%
2011 3.41% 5.8%
2010 4.16% 6.1%
2009 5.3% 5.6%
2008 5.12% 7.8%
2007 3.97% 4.8%
2006 3.63% 6.6%
2005 3.99% 9%
2004 4.69% 11.9%
2003 4.55% 15.4%
2002 5.03% 22.5%
2001 6.37% 34.5%
2000 9.49% 45.7%
1999 16.6% 45.8%
1998 15.9% 59.1%
1997 20.6% 154.8%

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/romania | CC BY

Over the past 29 years, Mexico has recorded an average annual inflation rate of 6.07%, compared with 17.1% in Romania. In 2025, inflation was 3.81% in Mexico and 7.3% in Romania.

Top exports between countries

Mexico
Export category Export value
Machinery & equipment $59.7M
Metals $19.3M
Processed food, beverages & tobacco $2.67M
Raw materials & minerals $1.8M
Raw agricultural goods $775K
Textiles & consumer goods $692K
Chemicals & pharma $585K
Wood & paper products $377K
Animal & marine products $241K
Miscellaneous $5K
Romania
Export category Export value
Machinery & equipment $317M
Metals $32.2M
Raw materials & minerals $30.8M
Transport & tourism services $17.3M
Wood & paper products $11.4M
Textiles & consumer goods $11.1M
Chemicals & pharma $10.5M
Processed food, beverages & tobacco $8.74M
Business & finance services $6.74M
IT & IP services $6.71M

Balance of trade

Mexico Romania
Current account balance
-$8.2B
2025
-$33.9B
2025
Current account balance ranking
171/190
2025
186/190
2025
Current account balance, % of GDP
-0.45%
2025
-7.9%
2025
Goods imports
$665B
2025
$139B
2025
Goods exports
$666B
2025
$102B
2025
Service imports
$75.4B
2025
$35.9B
2025
Service exports
$64B
2025
$50.1B
2025
Imports of goods and services, % of GDP
40.3%
2025
40.7%
2025
Exports of goods and services, % of GDP
39.6%
2025
35.5%
2025

Economic freedom indices

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

Mexico Romania
Economic freedom 59.8 65.4
Economic freedom ranking 102/197 64/197
Property rights 37.6 81
Government integrity 28.8 50
Judicial effectiveness 40.4 67
Tax burden 75.4 89.1
Government spending 74.6 56.7
Fiscal health 56.7 21.4
Business freedom 67 74.4
Labor freedom 57.3 63.6
Monetary freedom 70.6 72.7
Trade freedom 74.2 79.4
Investment freedom 75 70
Financial freedom 60 60

Economic freedom comparison by year

Mexico
Romania
1x
Year Economic freedom index
Mexico Romania
2026 59.8 65.4
2025 61.3 66.5
2024 62 64.4
2023 63.2 64.5
2022 63.7 67.1
2021 65.5 69.5
2020 66 69.7
2019 64.7 68.6
2018 64.8 69.4
2017 63.6 69.7
2016 65.2 65.6
2015 66.4 66.6
2014 66.8 65.5
2013 67 65.1
2012 65.3 64.4
2011 67.8 64.7
2010 68.3 64.2
2009 65.8 63.2
2008 66.2 61.7
2007 66 61.2
2006 64.7 58.2
2005 65.2 52.1
2004 66 50
2003 65.3 50.6
2002 63 48.7
2001 60.6 50
2000 59.3 52.1
1999 58.5 50.1
1998 57.9 54.4
1997 57.1 50.8
1996 61.2 46.2
1995 63.1 42.9

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

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

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Romania
Services, % of GDP
58.9%
2025
61.7%
2025
Industry, % of GDP
30.6%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
3.88%
2025
3%
2025
GNI, Atlas method
$1.81T
2025
$384B
2025
GNI per capita, PPP
$25,070
2025
$49,550
2025
Total reserves including gold
$256B
2025
$90.6B
2025
Total reserves ranking
17/177
2025
31/177
2025
Net foreign direct investment
-$31.8B
2025
-$8.57B
2025
Net inflows of foreign direct investment
$45.5B
2024
$7.16B
2024
Net outflows of foreign direct investment
$13B
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
3.77%
2024
n/a
Poverty at national poverty lines
29.6%
2024
19%
2023
Gross capital formation, % of GDP
22.6%
2025
25.9%
2025

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/romania | 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 (1900–1999, 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 (2021–2025, 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.