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Economy of Netherlands vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.23T compared to $115B for Uzbekistan, ranking 19/197 and 66/197 by economy size, respectively.

The Netherlands has $531B in government debt (43.3% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Netherlands
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Netherlands Uzbekistan
Current $ Constant $ Current $ Constant $
1960 $13,282,979,015 $165,062,637,640 - -
1961 $14,599,836,396 $165,550,474,774 - -
1962 $15,847,582,341 $176,879,933,635 - -
1963 $17,193,744,109 $183,291,161,793 - -
1964 $20,232,048,553 $198,458,329,344 - -
1965 $22,721,869,808 $215,611,271,157 - -
1966 $24,741,480,717 $221,521,401,057 - -
1967 $27,143,828,099 $233,217,763,700 - -
1968 $30,097,635,751 $248,181,328,024 - -
1969 $34,086,038,090 $264,138,020,130 - -
1970 $38,220,884,519 $280,356,573,733 - -
1971 $44,644,730,576 $292,459,511,974 - -
1972 $54,787,070,173 $302,794,664,266 - -
1973 $71,946,639,603 $319,279,481,312 - -
1974 $87,371,810,804 $330,258,601,498 - -
1975 $100,397,061,694 $330,265,301,638 - -
1976 $109,329,386,564 $344,982,946,319 - -
1977 $127,203,923,857 $353,678,035,788 - -
1978 $156,089,077,205 $363,214,067,825 - -
1979 $179,933,827,310 $370,529,803,464 - -
1980 $195,439,301,707 $375,501,994,722 - -
1981 $164,375,775,854 $372,559,517,530 - -
1982 $158,712,765,536 $367,936,960,746 - -
1983 $153,671,294,109 $375,553,101,273 - -
1984 $144,124,462,912 $387,051,331,969 - -
1985 $144,057,523,222 $397,037,952,227 - -
1986 $201,157,708,221 $408,103,304,156 - -
1987 $245,406,949,521 $415,984,792,778 $8,523,160,593 $28,089,418,035
1988 $262,295,966,105 $430,299,740,005 $10,722,799,639 $30,656,392,613
1989 $258,716,904,292 $449,319,496,513 $11,948,815,258 $31,604,071,830
1990 $318,799,003,994 $468,115,532,100 $13,362,340,338 $32,109,736,981
1991 $327,982,316,124 $479,533,499,921 $13,800,167,712 $31,951,757,074
1992 $363,497,050,125 $487,714,681,271 $12,953,801,760 $28,373,160,282
1993 $354,070,495,966 $493,847,948,233 $13,099,920,056 $27,720,577,595
1994 $379,688,232,232 $508,471,242,745 $12,899,074,922 $26,279,107,562
1995 $452,967,334,614 $524,315,389,158 $13,350,461,265 $26,042,595,592
1996 $451,372,549,020 $542,250,002,540 $13,948,892,216 $26,485,319,718
1997 $417,506,211,882 $565,287,382,970 $14,744,603,774 $27,862,556,343
1998 $438,612,530,549 $591,560,723,040 $14,988,971,211 $29,060,646,266
1999 $447,778,514,140 $621,395,031,368 $17,078,465,982 $30,310,254,055
2000 $417,649,282,154 $647,616,371,669 $13,760,513,969 $31,472,652,299
2001 $432,536,219,669 $662,664,228,364 $11,401,421,329 $32,783,122,633
2002 $475,529,972,123 $664,292,962,005 $9,687,788,513 $34,085,756,140
2003 $582,435,617,082 $664,942,855,515 $10,134,453,435 $35,528,479,188
2004 $661,224,886,143 $678,350,164,554 $12,030,023,548 $38,174,995,818
2005 $688,133,699,636 $692,147,558,367 $14,307,509,839 $40,828,160,774
2006 $737,593,995,289 $716,631,413,730 $17,330,833,853 $43,870,437,889
2007 $853,499,460,873 $744,474,740,256 $22,311,393,928 $48,026,286,798
2008 $957,901,566,041 $760,233,900,200 $29,549,438,884 $52,362,657,564
2009 $878,954,223,140 $732,369,119,343 $33,689,223,673 $56,578,340,213
2010 $852,464,982,433 $742,031,413,974 $49,765,676,402 $60,876,691,748
2011 $913,140,741,333 $755,190,192,160 $60,178,909,297 $65,457,747,965
2012 $845,689,017,066 $747,805,361,888 $67,517,349,212 $70,106,848,439
2013 $883,951,539,007 $747,579,281,183 $73,180,037,915 $75,222,229,948
2014 $901,556,501,756 $759,634,819,526 $80,845,385,809 $80,392,884,506
2015 $775,743,675,303 $775,743,675,303 $86,196,264,755 $86,196,264,755
2016 $797,163,949,290 $794,549,918,521 $86,138,288,644 $91,309,557,165
2017 $848,233,537,846 $816,650,691,532 $69,703,222,283 $95,322,862,969
2018 $929,733,599,797 $835,096,710,413 $58,695,899,092 $100,622,047,496
2019 $928,903,005,576 $854,304,699,527 $67,293,639,798 $107,444,145,840
2020 $932,560,861,701 $821,260,592,383 $66,443,265,418 $109,123,866,128
2021 $1,054,472,123,450 $872,809,729,133 $77,340,060,003 $117,891,622,987
2022 $1,046,540,797,549 $916,513,359,460 $90,095,926,567 $124,966,702,851
2023 $1,154,361,305,398 $917,196,719,472 $102,641,879,249 $132,828,878,428
2024 $1,227,543,925,316 $926,182,265,714 $114,965,293,467 $141,462,755,525

Economic indicators

Netherlands Uzbekistan
Gross domestic product
$1.23T
2024
$115B
2024
GDP rank
19/197
2024
66/197
2024
GDP growth
6.34%
2023-2024
12%
2023-2024
GDP per capita
$68,219
2024
$3,162
2024
GDP per capita rank
13/197
2024
139/197
2024
GDP per capita, PPP
$84,218
2024
$11,879
2024
Government debt
$531B
2024
$37.5B
2024
Debt-to-GDP ratio
43.3%
2025
33%
2025
Government debt per person
$29,494
2024
$1,032
2024
Government debt per person rank
25/185
2024
142/185
2024
Average annual personal income after taxes
$45,699
2025
$3,203
2025
Market capitalization of domestic companies
$1.1T
2017
$18.8B
2024
Number of millionaires
1,231,625
2024
n/a
Number of billionaires
13
2025
n/a
Income share by richest 10%
21.4%
2021
25.7%
2024
Income share by poorest 10%
3.6%
2021
2.3%
2024
Government expenditure, % of GDP
44.7%
2025
27.8%
2025
Consumer prices inflation
3.35%
2023-2024
9.1%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
3.64%
2024
5.29%
2020
Population
18191638
37592263

GDP per capita in Netherlands vs Uzbekistan

The Netherlands' GDP per capita is $68,219, ranking 13/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 12th at $84,218, while Uzbekistan ranks 123rd at $11,879.

Netherlands
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Netherlands Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $1,156 - - -
1961 $1,254 - - -
1962 $1,342 - - -
1963 $1,437 - - -
1964 $1,668 - - -
1965 $1,848 - - -
1966 $1,986 - - -
1967 $2,155 - - -
1968 $2,364 - - -
1969 $2,647 - - -
1970 $2,931 - - -
1971 $3,384 - - -
1972 $4,110 - - -
1973 $5,353 - - -
1974 $6,450 - - -
1975 $7,346 - - -
1976 $7,937 - - -
1977 $9,180 - - -
1978 $11,196 - - -
1979 $12,817 - - -
1980 $13,812 - - -
1981 $11,537 - - -
1982 $11,089 - - -
1983 $10,696 - - -
1984 $9,992 - - -
1985 $9,941 - - -
1986 $13,804 - - -
1987 $16,734 - $450 -
1988 $17,771 - $551 -
1989 $17,423 - $598 -
1990 $21,322 $19,190 $653 $2,665
1991 $21,764 $20,164 $658 $2,676
1992 $23,939 $20,817 $603 $2,371
1993 $23,156 $21,428 $596 $2,318
1994 $24,683 $22,399 $574 $2,197
1995 $29,301 $23,465 $583 $2,178
1996 $29,064 $24,555 $597 $2,214
1997 $26,745 $26,056 $621 $2,329
1998 $27,924 $27,747 $621 $2,418
1999 $28,319 $29,316 $698 $2,522
2000 $26,225 $31,888 $555 $2,644
2001 $26,956 $33,263 $454 $2,782
2002 $29,447 $34,568 $381 $2,902
2003 $35,897 $34,291 $394 $3,047
2004 $40,611 $35,966 $462 $3,321
2005 $42,165 $37,778 $543 $3,618
2006 $45,124 $41,217 $649 $3,956
2007 $52,101 $44,205 $824 $4,386
2008 $58,247 $46,714 $1,075 $4,800
2009 $53,172 $44,936 $1,206 $5,135
2010 $51,306 $45,306 $1,753 $5,505
2011 $54,702 $47,004 $2,088 $5,949
2012 $50,474 $47,653 $2,307 $6,168
2013 $52,602 $49,622 $2,462 $6,413
2014 $53,457 $49,751 $2,675 $6,610
2015 $45,794 $50,970 $2,803 $6,800
2016 $46,809 $53,162 $2,753 $6,919
2017 $49,514 $56,038 $2,191 $7,818
2018 $53,955 $58,819 $1,813 $8,129
2019 $53,555 $62,345 $2,041 $8,544
2020 $53,468 $62,597 $1,978 $8,452
2021 $60,142 $68,574 $2,259 $9,248
2022 $59,123 $77,152 $2,579 $10,293
2023 $64,572 $78,305 $2,879 $11,107
2024 $68,219 $84,218 $3,162 $11,879

Spending and national debt comparison

In 2024, the Netherlands' government spending was $541B, accounting for 44.7% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 43.3% in the Netherlands and 33% in Uzbekistan, ranking 124/185 and 155/185, respectively.

Netherlands
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Netherlands Uzbekistan
Government spending Government debt Government spending Government debt
1960 20.4% 66.7% - -
1961 22.2% 65.9% - -
1962 22.1% 63.8% - -
1963 21.9% 61.7% - -
1964 22.3% 57.1% - -
1965 23.4% 55.8% - -
1966 24.4% 55.6% - -
1967 24.1% 55% - -
1968 25.4% 54.4% - -
1969 42.1% 48.2% - -
1970 43.2% 46.1% - -
1971 44.6% 43.7% - -
1972 44.9% 41.3% - -
1973 44.6% 38.1% - -
1974 46.4% 36.3% - -
1975 50.8% 36.1% - -
1976 50.8% 35.2% - -
1977 50.6% 34.9% - -
1978 52.3% 38.1% - -
1979 53.7% 39.5% - -
1980 55.2% 43.6% - -
1981 56.8% 46.9% - -
1982 59.1% 52.4% - -
1983 59.1% 58.4% - -
1984 58.1% 61.9% - -
1985 57.3% 67.1% - -
1986 57% 68.9% - -
1987 58.5% 71.3% - -
1988 56.4% 73.7% - -
1989 54.5% 73.7% - -
1990 48.8% 75% - -
1991 49.6% 74.8% - -
1992 50.2% 75.6% 18% -
1993 50.9% 76.7% 39.6% -
1994 49.4% 73.5% 27.1% -
1995 53.9% 73% 29.4% -
1996 47.3% 71.2% 35.1% -
1997 45.7% 65.7% 31.8% 15.3%
1998 44.6% 62.7% 35.1% 18%
1999 44.3% 58.6% 33.6% 18.4%
2000 43.2% 52.2% 32.9% 29.5%
2001 44.1% 49.4% 30.6% 44.8%
2002 44.8% 48.7% 34.6% 41.6%
2003 45.8% 49.8% 31.5% 31.4%
2004 44.7% 50.1% 29.4% 26.9%
2005 43.4% 49.6% 28.1% 21%
2006 44% 45% 24.7% 13.5%
2007 43.3% 42.7% 24.8% 9.56%
2008 44.3% 54.4% 26.5% 8.33%
2009 48.4% 56.3% 27.5% 7.3%
2010 48.9% 58.9% 26.4% 6.61%
2011 47.8% 61.2% 23.7% 6.33%
2012 47.6% 65.7% 23.9% 6.76%
2013 47.5% 67.2% 25.2% 6.23%
2014 46.7% 67.2% 24.9% 6.09%
2015 45.3% 63.8% 24.6% 6.72%
2016 43.9% 60.9% 23.3% 8.19%
2017 42.8% 56% 19.9% 17.3%
2018 42.4% 51.5% 22.2% 17.5%
2019 42.1% 47.6% 24.3% 25.4%
2020 47.8% 53.3% 26% 33.7%
2021 45.9% 50.4% 27.4% 31.7%
2022 43.2% 48.3% 31.4% 30.5%
2023 43.2% 45.1% 29.9% 32.2%
2024 44.1% 43.2% 27.8% 32.6%
2025 44.7% 43.3% 27.8% 33%

Government deficit by year

In 2024, the Netherlands' government deficit, the difference between spending and revenue, was -$12.9B, equivalent to -1.05% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 33 years, the Netherlands recorded a fiscal deficit in 25 of those years, while Uzbekistan ran a deficit in 20 years. On average, the Netherlands posted an annual deficit equal to -1.77% of GDP, compared to deficit of -0.86% of GDP for Uzbekistan.

Deficit/surplus
Netherlands

Uzbekistan
Year Deficit/surplus, % of GDP
Netherlands Uzbekistan
1880 0.21% -
1881 -1.06% -
1882 -1.11% -
1883 -2.1% -
1884 0% -
1885 -0.55% -
1886 -0.08% -
1887 -0.37% -
1888 -0.31% -
1889 0.04% -
1890 -0.06% -
1891 -0.06% -
1892 -1.72% -
1893 -0.76% -
1894 0.12% -
1895 -0.06% -
1896 0.08% -
1897 -0.45% -
1898 -0.48% -
1899 -0.13% -
1900 0.06% -
1901 0.03% -
1902 -0.14% -
1903 0.09% -
1904 -0.72% -
1905 0.1% -
1906 0.16% -
1907 0.03% -
1908 -0.57% -
1909 -0.34% -
1910 -0.93% -
1911 -0.13% -
1912 -0.47% -
1913 -0.45% -
1914 -0.45% -
1915 -0.45% -
1916 -0.45% -
1917 -0.45% -
1918 -0.45% -
1919 -0.45% -
1920 -0.45% -
1921 -0.45% -
1922 -0.45% -
1923 -2.62% -
1924 -3.37% -
1925 -2.04% -
1926 -0.78% -
1927 -0.33% -
1928 -0.62% -
1929 -1.16% -
1930 -0.55% -
1931 -1.66% -
1932 -1.97% -
1933 -2.55% -
1934 -0.92% -
1935 -0.69% -
1936 -0.41% -
1937 0.02% -
1938 -0.37% -
1939 -3.19% -
1940 -3.19% -
1941 -3.19% -
1942 -3.19% -
1943 -3.19% -
1944 -3.19% -
1945 -3.19% -
1946 -3.19% -
1947 -3.19% -
1948 -3.19% -
1949 2.3% -
1950 0.81% -
1951 2.13% -
1952 2.19% -
1953 -2.95% -
1954 0.76% -
1955 -0.25% -
1956 -0.83% -
1957 0.3% -
1958 -0.89% -
1959 -0.74% -
1960 0.9% -
1961 -0.38% -
1962 -1.38% -
1963 -0.54% -
1964 -1.2% -
1965 -1.15% -
1966 -2.37% -
1967 -1.97% -
1968 -3.06% -
1969 -1.14% -
1970 -1.52% -
1971 -1.58% -
1972 -0.7% -
1973 0.54% -
1974 -0.26% -
1975 -2.82% -
1976 -2.02% -
1977 -0.75% -
1978 -2.09% -
1979 -2.46% -
1980 -3.95% -
1981 -4.92% -
1982 -6.17% -
1983 -5.47% -
1984 -5.25% -
1985 -3.6% -
1986 -4.62% -
1987 -5.39% -
1988 -4.23% -
1989 -5% -
1990 -4.08% -
1991 -2.05% -
1992 -3.12% 7.15%
1993 -3.13% -12%
1994 -3.53% -4.47%
1995 -8.72% -1.77%
1996 -1.91% -1.57%
1997 -1.6% -2.05%
1998 -1.34% -3.04%
1999 0.28% -2.91%
2000 1.14% -3.66%
2001 -0.47% -3.28%
2002 -2.23% -6.31%
2003 -3.19% -4.87%
2004 -1.82% -3.74%
2005 -0.51% -3.52%
2006 0.03% 2.72%
2007 -0.26% 3.55%
2008 -0.004% 5.97%
2009 -5.1% 1.82%
2010 -5.28% 2.56%
2011 -4.42% 5.11%
2012 -3.84% 5.89%
2013 -2.86% 2.15%
2014 -2.24% 1.9%
2015 -1.78% -0.28%
2016 0.23% 0.7%
2017 1.32% 1.04%
2018 1.47% 1.64%
2019 1.78% -0.26%
2020 -3.61% -2.95%
2021 -2.2% -4.1%
2022 0.01% -3.65%
2023 -0.36% -3.98%
2024 -1.05% -2.26%
2025 -1.9% -2.27%

Inflation comparison by year

Over the past 29 years, the Netherlands has recorded an average annual inflation rate of 2.3%, compared with 17.9% in Uzbekistan. In 2024, inflation was 3.35% in the Netherlands and 9.1% in Uzbekistan.

Inflation
Netherlands

Uzbekistan
Year Inflation
Netherlands Uzbekistan Netherlands Uzbekistan
1996 1.95% 54%
1997 2.11% 70.9%
1998 1.96% 29%
1999 2.16% 29.1%
2000 2.36% 25%
2001 4.16% 27.3%
2002 3.29% 27.3%
2003 2.09% 12.5%
2004 1.26% 7.3%
2005 1.69% 10.7%
2006 1.1% 13.1%
2007 1.61% 11.2%
2008 2.49% 13.1%
2009 1.19% 12.3%
2010 1.28% 12.3%
2011 2.34% 12.4%
2012 2.46% 11.9%
2013 2.51% 11.7%
2014 0.98% 9.1%
2015 0.6% 8.5%
2016 0.32% 8.8%
2017 1.38% 13.9%
2018 1.7% 17.5%
2019 2.63% 14.5%
2020 1.27% 12.9%
2021 2.68% 10.8%
2022 10% 11.4%
2023 3.84% 10%
2024 3.35% 9.6%
2025 - 9.1%

Top exports between countries

Netherlands
Export category Export value
Machinery & equipment $117M
Processed food, beverages & tobacco $41.2M
Raw agricultural goods $36.1M
Chemicals & pharma $26.7M
Raw materials & minerals $13.8M
Metals $5.9M
Animal & marine products $5.6M
Textiles & consumer goods $4.77M
Wood & paper products $532K
Miscellaneous $40K
Uzbekistan
Export category Export value
Wood & paper products $13.6M
Metals $7.07M
Raw agricultural goods $4M
Raw materials & minerals $603K
Machinery & equipment $361K
Textiles & consumer goods $325K
Chemicals & pharma $171K
Processed food, beverages & tobacco $62K
Precious metals & jewellery $22K
Animal & marine products $13K

Balance of trade

Netherlands Uzbekistan
Current account balance
$111B
2024
-$5.72B
2024
Current account balance ranking
5/189
2024
170/189
2024
Current account balance, % of GDP
+9.04%
2024
-4.97%
2024
Goods imports
$606B
2024
$33.2B
2024
Goods exports
$693B
2024
$19.6B
2024
Service imports
$262B
2024
$10.5B
2024
Service exports
$308B
2024
$6.55B
2024
Imports of goods and services, % of GDP
72%
2024
38%
2024
Exports of goods and services, % of GDP
84.1%
2024
22.8%
2024

Economic freedom indices

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

Netherlands Uzbekistan
Economic freedom 78.2 58
Economic freedom ranking 11/197 111/197
Property rights 95.9 33.5
Government integrity 86.8 31.2
Judicial effectiveness 95.7 14.5
Tax burden 54 92.8
Government spending 41.6 73.6
Fiscal health 94.7 73.3
Business freedom 84.8 64.4
Labor freedom 60.1 47.9
Monetary freedom 74.7 64.6
Trade freedom 79.6 80.6
Investment freedom 90 60
Financial freedom 80 60

Economic freedom by year comparison

The Economic Freedom Index for the Netherlands is 78.2, ranking 11/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Netherlands
Uzbekistan
Year Economic freedom index
Netherlands Uzbekistan
1996 69.7 -
1997 70.4 -
1998 69.2 31.5
1999 70.2 33.8
2000 70.4 38.1
2001 73 38.2
2002 75.1 38.5
2003 74.6 38.3
2004 74.5 39.1
2005 72.9 45.8
2006 75.4 48.7
2007 75.5 51.5
2008 77.4 51.9
2009 77 50.5
2010 75 47.5
2011 74.7 45.8
2012 73.3 45.8
2013 73.5 46
2014 74.2 46.5
2015 73.7 47
2016 74.6 46
2017 75.8 52.3
2018 76.2 51.5
2019 76.8 53.3
2020 77 57.2
2021 76.8 58.3
2022 79.5 55.7
2023 78 56.5
2024 77.3 55.9
2025 78.2 58

More economic indicators

Netherlands Uzbekistan
Services, % of GDP
70.3%
2024
45.2%
2024
Industry, % of GDP
17.9%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.68%
2024
18.3%
2024
GNI, Atlas method
$1.13T
2024
$110B
2024
GNI per capita, PPP
$83,040
2024
$12,000
2024
Total reserves including gold
$79.1B
2024
$41.2B
2024
Total reserves ranking
34/177
2024
50/177
2024
Net foreign direct investment
$11.1B
2024
-$2.8B
2024
Net inflows of foreign direct investment
-$17.1B
2024
$2.84B
2024
Net outflows of foreign direct investment
-$5.93B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
n/a
8.24%
2023
Poverty at national poverty lines
14.5%
2021
8.9%
2024
Gross capital formation, % of GDP
19.3%
2024
33.3%
2024

GDP per capita map

GDP per capita

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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.