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Economy of Netherlands vs Uganda compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $53.9B for Uganda, ranking 19/197 and 89/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Netherlands vs Uganda GDP by year

Netherlands
Uganda
1x
Year GDP, current $
Netherlands Uganda
2024 $1,214,927,698,573 $53,911,907,086
2023 $1,135,475,867,551 $48,768,955,863
2022 $1,046,540,797,549 $45,565,333,211
2021 $1,054,472,123,450 $40,529,788,749
2020 $932,560,861,701 $37,600,368,242
2019 $928,903,005,576 $35,353,061,003
2018 $929,733,599,797 $32,927,025,620
2017 $848,233,537,846 $30,744,473,841
2016 $797,163,949,290 $29,203,988,696
2015 $775,743,675,303 $32,387,183,730
2014 $901,556,501,756 $32,612,397,257
2013 $883,951,539,007 $28,915,786,517
2012 $845,689,017,066 $27,305,915,911
2011 $913,140,741,333 $27,871,725,241
2010 $852,464,982,433 $26,673,441,431
2009 $878,954,223,140 $25,127,805,567
2008 $957,901,566,041 $14,440,404,132
2007 $853,499,460,873 $11,902,564,495
2006 $737,593,995,289 $9,977,647,683
2005 $688,133,699,636 $9,239,221,763
2004 $661,224,886,143 $7,939,487,548
2003 $582,435,617,082 $6,606,884,275
2002 $475,529,972,123 $6,178,563,591
2001 $432,536,219,669 $5,840,503,869
2000 $417,649,282,154 $6,193,246,837
1999 $447,778,514,140 $5,998,563,258
1998 $438,612,530,549 $6,584,815,847
1997 $417,506,211,882 $6,269,333,313
1996 $451,372,549,020 $6,044,585,327
1995 $452,967,334,614 $5,755,818,842
1994 $379,688,232,232 $3,990,430,447
1993 $354,070,495,966 $3,220,439,044
1992 $363,497,050,125 $2,857,457,762
1991 $327,982,316,124 $3,321,729,160
1990 $318,799,003,994 $4,304,399,310
1989 $258,716,904,292 $5,276,480,799
1988 $262,295,966,105 $6,508,931,652
1987 $245,406,949,521 $6,269,522,042
1986 $201,157,708,221 $3,923,244,050
1985 $144,057,523,222 $3,519,695,444
1984 $144,124,462,912 $3,615,647,477
1983 $153,671,294,109 $2,240,333,333
1982 $158,712,765,536 $2,177,500,000
1981 $164,375,775,854 $1,337,300,000
1980 $195,439,301,707 $1,244,610,000
1979 $179,933,827,310 $2,139,025,000
1978 $156,089,077,205 $2,420,260,870
1977 $127,203,923,857 $2,936,470,588
1976 $109,329,386,564 $2,447,300,000
1975 $100,397,061,694 $2,359,555,556
1974 $87,371,810,804 $2,098,944,967
1973 $71,946,639,603 $1,701,829,789
1972 $54,787,070,173 $1,490,970,181
1971 $44,644,730,576 $1,417,191,656
1970 $38,220,884,519 $1,259,554,809
1969 $34,086,038,090 $1,168,556,629
1968 $30,097,635,751 $1,037,379,252
1967 $27,143,828,099 $967,240,655
1966 $24,741,480,717 $925,381,492
1965 $22,721,869,808 $884,502,310
1964 $20,232,048,553 $589,247,687
1963 $17,193,744,109 $516,315,231
1962 $15,847,582,341 $449,158,233
1961 $14,599,836,396 $441,667,335
1960 $13,282,979,015 $423,145,605

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

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

GDP per capita in Netherlands vs Uganda by year

Netherlands
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 $1,078 $3,273
2023 $63,516 $81,729 $1,002 $3,098
2022 $59,123 $78,630 $963 $2,919
2021 $60,142 $68,574 $883 $2,685
2020 $53,468 $62,597 $846 $2,532
2019 $53,555 $62,345 $822 $2,441
2018 $53,955 $58,819 $792 $2,312
2017 $49,514 $56,038 $765 $2,158
2016 $46,809 $53,162 $753 $2,165
2015 $45,794 $50,957 $863 $2,190
2014 $53,457 $49,751 $896 $2,134
2013 $52,602 $49,622 $818 $2,045
2012 $50,474 $47,653 $795 $2,032
2011 $54,702 $47,004 $836 $2,268
2010 $51,306 $45,301 $823 $2,092
2009 $53,172 $44,959 $799 $2,015
2008 $58,247 $46,714 $473 $1,931
2007 $52,101 $44,203 $401 $1,795
2006 $45,124 $41,208 $347 $1,660
2005 $42,165 $37,778 $330 $1,497
2004 $40,611 $35,961 $292.4 $1,405
2003 $35,897 $34,286 $250.7 $1,320
2002 $29,447 $34,568 $242 $1,255
2001 $26,956 $33,259 $236 $1,173
2000 $26,225 $31,895 $258.1 $1,124
1999 $28,319 $29,316 $257.9 $1,100
1998 $27,924 $27,749 $292.5 $1,037
1997 $26,745 $26,062 $286.8 $1,007
1996 $29,064 $24,564 $284.7 $969
1995 $29,301 $23,480 $278.5 $897
1994 $24,683 $22,414 $198.4 $809
1993 $23,156 $21,443 $165.6 $770
1992 $23,939 $20,831 $152.1 $719
1991 $21,764 $20,177 $183 $703
1990 $21,322 $19,203 $245 $666
1989 $17,423 - $310 -
1988 $17,771 - $395 -
1987 $16,734 - $393 -
1986 $13,804 - $253.6 -
1985 $9,941 - $234.3 -
1984 $9,992 - $247.5 -
1983 $10,696 - $157.5 -
1982 $11,089 - $157 -
1981 $11,537 - $98.6 -
1980 $13,812 - $93.8 -
1979 $12,817 - $164.5 -
1978 $11,196 - $190.7 -
1977 $9,180 - $237.6 -
1976 $7,937 - $203.3 -
1975 $7,346 - $201.2 -
1974 $6,450 - $183.7 -
1973 $5,353 - $152.7 -
1972 $4,110 - $137 -
1971 $3,384 - $133.5 -
1970 $2,931 - $122 -
1969 $2,647 - $116.7 -
1968 $2,364 - $106.9 -
1967 $2,155 - $102.8 -
1966 $1,986 - $101.4 -
1965 $1,848 - $100 -
1964 $1,668 - $68.6 -
1963 $1,437 - $62 -
1962 $1,342 - $55.5 -
1961 $1,254 - $56.2 -
1960 $1,156 - $55.4 -

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

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

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Uganda ranks 176th at $3,273.

Economic indicators

Netherlands Uganda
Gross domestic product
$1.21T
2024
$53.9B
2024
GDP rank
19/197
2024
89/197
2024
GDP growth
1.08%
2023-2024
6.06%
2023-2024
GDP per capita
$67,520
2024
$1,078
2024
GDP per capita rank
13/197
2024
176/197
2024
GDP per capita, PPP
$86,174
2024
$3,273
2024
GDP per capita PPP rank
11/197
2024
176/197
2024
Government debt
$532B
2024
$27.8B
2024
Debt-to-GDP ratio
43.8%
2024
51.5%
2024
Government debt per person
$29,571
2024
$555
2024
Government debt per person rank
24/185
2024
163/185
2024
Average annual personal income after taxes
$47,815
2026
$1,466
2026
Market capitalization of domestic companies
$1.1T
2017
n/a
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
n/a
Income share by richest 10%
21.4%
2021
34.5%
2019
Income share by poorest 10%
3.6%
2021
2.4%
2019
Government expenditure, % of GDP
44.4%
2024
18.7%
2024
Consumer prices inflation
3.35%
2023-2024
3.3%
2023-2024
Central bank interest rate n/a
9.75%
2024
Unemployment rate
3.64%
2024
3.42%
2021
Population
18252623
53170946

Spending and national debt comparison by year

Netherlands
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Netherlands Uganda
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 18.7% 51.5%
2023 44% 45.9% 19.3% 50.5%
2022 43.3% 48.4% 19.5% 50.2%
2021 45.9% 50.5% 22% 50.3%
2020 47.8% 53.4% 21.4% 46.3%
2019 42.1% 47.7% 18.3% 37.5%
2018 42.4% 51.6% 16.2% 34.9%
2017 42.8% 56% 16.3% 33.6%
2016 43.9% 60.9% 15.2% 31.3%
2015 45.3% 63.8% 14.9% 28%
2014 46.7% 67.2% 13.6% 24.8%
2013 47.5% 67.2% 13.3% 22.1%
2012 47.6% 65.7% 13.1% 19.5%
2011 47.8% 61.2% 13.2% 18%
2010 48.9% 58.9% 15.4% 18.4%
2009 48.4% 56.3% 11.8% 14.8%
2008 44.3% 54.4% 12.9% 15.7%
2007 43.3% 42.7% 13.2% 17%
2006 44% 45% 13.7% 27.8%
2005 43.4% 49.6% 14.5% 42.6%
2004 44.7% 50.1% 15.6% 49%
2003 45.8% 49.8% 16.5% 55.1%
2002 44.8% 48.7% 16.8% 54.7%
2001 44.1% 49.4% 16.2% 51.4%
2000 43.2% 52.2% 15.2% 48.5%
1999 44.3% 58.6% 14.7% 47.7%
1998 44.6% 62.7% 14% 45.1%
1997 45.7% 65.7% 13.9% 44.2%
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/netherlands/uganda | CC BY

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 51.5% in Uganda, ranking 123/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Uganda
1x
Year Deficit/surplus, % of GDP
Netherlands Uganda
2024 -0.94% -3.99%
2023 -0.37% -4.87%
2022 0.002% -5.45%
2021 -2.26% -7.76%
2020 -3.72% -7.76%
2019 1.91% -4.82%
2018 1.49% -3.02%
2017 1.35% -3.83%
2016 0.23% -2.64%
2015 -1.84% -2.59%
2014 -2.17% -2.74%
2013 -2.87% -3.19%
2012 -3.83% -2.39%
2011 -4.42% -2.04%
2010 -5.3% -4.64%
2009 -5.06% -1.61%
2008 -0.06% -1.99%
2007 -0.16% -0.82%
2006 0.04% -0.64%
2005 -0.51% -0.17%
2004 -1.82% 0.34%
2003 -3.19% -0.97%
2002 -2.23% -2.07%
2001 -0.47% -0.99%
2000 1.14% -0.62%
1999 0.28% -1.24%
1998 -1.34% -0.7%
1997 -1.6% -0.83%
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/netherlands/uganda | CC BY

In 2024, the Netherlands' government deficit, the difference between spending and revenue, was $11.5B, equivalent to 0.94% of GDP. This compares to Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, the Netherlands recorded a fiscal deficit in 20 of those years, while Uganda ran a deficit in 27 years. On average, the Netherlands posted an annual deficit equal to 1.35% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Netherlands

Uganda
1x
Year Consumer prices inflation
Netherlands Uganda
2024 3.35% 3.3%
2023 3.84% 5.4%
2022 10% 7.2%
2021 2.68% 2.2%
2020 1.27% 2.8%
2019 2.63% 2.1%
2018 1.7% 2.5%
2017 1.38% 5.6%
2016 0.32% 5.2%
2015 0.6% 3.7%
2014 0.98% 4.3%
2013 2.51% 5.5%
2012 2.46% 14%
2011 2.34% 18.7%
2010 1.28% 4%
2009 1.19% 13%
2008 2.49% 12%
2007 1.61% 6.1%
2006 1.1% 7.2%
2005 1.69% 8.6%
2004 1.26% 3.7%
2003 2.09% 8.7%
2002 3.29% -0.3%
2001 4.16% 1.9%
2000 2.36% 3.4%
1999 2.16% 5.8%
1998 1.96% 5.8%
1997 2.11% 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Netherlands has recorded an average annual inflation rate of 2.31%, compared with 6.08% in Uganda. In 2024, inflation was 3.35% in the Netherlands and 3.3% in Uganda.

Top exports between countries

Netherlands
Export category Export value
Processed food, beverages & tobacco $55.6M
Chemicals & pharma $27.4M
Machinery & equipment $20.2M
Animal & marine products $4.69M
Wood & paper products $3.97M
Textiles & consumer goods $3.33M
Raw agricultural goods $2.69M
Raw materials & minerals $1.33M
Metals $433K
Miscellaneous $79K
Uganda
Export category Export value
Raw agricultural goods $126M
Processed food, beverages & tobacco $48.5M
Animal & marine products $4.87M
Raw materials & minerals $3.85M
Textiles & consumer goods $1.09M
Machinery & equipment $593K
Miscellaneous $216K
Wood & paper products $55K
Chemicals & pharma $48K
Precious metals & jewellery $40K

Balance of trade

Netherlands Uganda
Current account balance
$111B
2024
-$4.29B
2024
Current account balance ranking
5/190
2024
164/190
2024
Current account balance, % of GDP
+9.13%
2024
-7.96%
2024
Goods imports
$606B
2024
$11.7B
2024
Goods exports
$693B
2024
$8.67B
2024
Service imports
$262B
2024
$4.38B
2024
Service exports
$308B
2024
$2.39B
2024
Imports of goods and services, % of GDP
71.4%
2024
25.9%
2024
Exports of goods and services, % of GDP
82.4%
2024
16.8%
2024

Economic freedom indices

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

Netherlands Uganda
Economic freedom 78.5 52.4
Economic freedom ranking 11/197 149/197
Property rights 96 42.2
Government integrity 86.8 25.1
Judicial effectiveness 96.1 29.4
Tax burden 54 73.4
Government spending 42.2 89
Fiscal health 95.9 58.3
Business freedom 85 50.2
Labor freedom 59.3 55.9
Monetary freedom 77 77.1
Trade freedom 79.4 58
Investment freedom 90 30
Financial freedom 80 40

Economic freedom comparison by year

Netherlands
Uganda
1x
Year Economic freedom index
Netherlands Uganda
2026 78.5 52.4
2025 78.2 51.3
2024 77.3 50.7
2023 78 51.4
2022 79.5 54.2
2021 76.8 58.6
2020 77 59.5
2019 76.8 59.7
2018 76.2 62
2017 75.8 60.9
2016 74.6 59.3
2015 73.7 59.7
2014 74.2 59.9
2013 73.5 61.1
2012 73.3 61.9
2011 74.7 61.7
2010 75 62.2
2009 77 63.5
2008 77.4 63.8
2007 75.5 63.1
2006 75.4 63.9
2005 72.9 62.9
2004 74.5 64.1
2003 74.6 60.1
2002 75.1 61
2001 73 60.4
2000 70.4 58.2
1999 70.2 64.8
1998 69.2 64.7
1997 70.4 66.6
1996 69.7 66.2
1995 - 62.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Uganda
Services, % of GDP
70.5%
2024
43.1%
2024
Industry, % of GDP
17.5%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
24.6%
2024
GNI, Atlas method
$1.12T
2024
$50.9B
2024
GNI per capita, PPP
$84,970
2024
$3,190
2024
Total reserves including gold
$79.1B
2024
$3.36B
2018
Total reserves ranking
34/177
2024
114/177
2018
Net foreign direct investment
$11.1B
2024
-$3.26B
2024
Net inflows of foreign direct investment
-$17.1B
2024
$3.26B
2024
Net outflows of foreign direct investment
-$5.93B
2024
$400K
2024
Servicing debt to the IMF, % of GNI n/a
2.96%
2024
Poverty at national poverty lines
14.5%
2021
20.3%
2019
Gross capital formation, % of GDP
19.7%
2024
22.4%
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/netherlands/uganda | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
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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.