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Peru economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Peru ranked 49/197 by economy size with a GDP of $289B and 91/197 by GDP per capita at $8,452. Peru has $93B in government debt, with a debt-to-GDP ratio of 32.2%.

In 2024, Peru made up 0.26% of the world's economy, compared to 0.19% in 1960.

Peru GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $289,221,969,063 3.3%
2023 $266,958,720,838 -0.4%
2022 $246,065,570,308 2.81%
2021 $226,328,766,460 13.4%
2020 $201,409,694,756 -10.9%
2019 $228,346,006,004 2.24%
2018 $222,597,009,739 3.97%
2017 $211,007,984,081 2.52%
2016 $191,898,104,390 3.95%
2015 $189,802,976,286 3.25%
2014 $200,786,250,583 2.38%
2013 $201,175,543,571 5.85%
2012 $192,650,021,649 6.14%
2011 $171,761,737,047 6.33%
2010 $147,527,631,521 8.33%
2009 $120,822,986,521 1.1%
2008 $120,550,599,815 9.13%
2007 $102,170,981,144 8.52%
2006 $88,643,193,062 7.53%
2005 $76,060,606,061 6.29%
2004 $66,768,703,498 4.96%
2003 $58,731,030,122 4.17%
2002 $54,777,553,515 5.45%
2001 $52,030,158,775 0.62%
2000 $51,744,749,133 2.69%
1999 $50,187,324,568 1.49%
1998 $55,501,467,877 -0.39%
1997 $58,147,522,523 6.48%
1996 $55,252,414,130 2.8%
1995 $53,312,793,687 7.41%
1994 $44,882,079,767 12.3%
1993 $34,832,077,221 5.24%
1992 $35,966,302,303 -0.54%
1991 $34,341,465,998 2.22%
1990 $26,410,386,963 -4.98%
1989 $22,499,558,526 -12.3%
1988 $15,439,408,447 -9.44%
1987 $36,889,706,593 9.73%
1986 $21,859,448,586 9.43%
1985 $15,078,736,875 2.06%
1984 $17,600,400,385 3.61%
1983 $17,345,260,564 -10.4%
1982 $21,794,535,621 -0.22%
1981 $21,648,214,893 5.55%
1980 $18,136,838,538 5.94%
1979 $15,954,012,439 4.09%
1978 $12,491,876,743 -2.64%
1977 $14,544,913,961 0.35%
1976 $16,131,958,851 1.45%
1975 $16,931,162,355 4.3%
1974 $13,858,441,211 9.39%
1973 $10,994,381,895 6.28%
1972 $9,189,413,409 3.48%
1971 $8,289,582,884 4.59%
1970 $7,432,223,177 3.37%
1969 $6,420,909,790 3.51%
1968 $5,736,083,835 0.15%
1967 $6,194,340,080 3.85%
1966 $6,109,048,737 8.24%
1965 $5,163,008,077 5.62%
1964 $4,353,664,867 6.55%
1963 $3,598,272,493 4.33%
1962 $3,284,322,201 10%
1961 $2,897,852,693 7.35%
1960 $2,571,986,572 -

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

GeoRank.org/economy/peru | CC BY

Peru GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $8,452 $17,802
2023 $7,888 $17,011
2022 $7,351 $16,669
2021 $6,826 $15,281
2020 $6,133 $12,563
2019 $7,037 $13,564
2018 $6,978 $13,078
2017 $6,736 $12,592
2016 $6,217 $12,067
2015 $6,232 $11,600
2014 $6,667 $11,518
2013 $6,747 $11,291
2012 $6,519 $10,757
2011 $5,861 $10,463
2010 $5,072 $9,713
2009 $4,181 $8,917
2008 $4,198 $8,820
2007 $3,581 $7,982
2006 $3,130 $7,214
2005 $2,707 $6,560
2004 $2,397 $6,038
2003 $2,129 $5,657
2002 $2,007 $5,383
2001 $1,930 $5,086
2000 $1,945 $5,012
1999 $1,917 $4,847
1998 $2,156 $4,791
1997 $2,301 $4,844
1996 $2,227 $4,556
1995 $2,190 $4,435
1994 $1,879 $4,123
1993 $1,488 $3,666
1992 $1,567 $3,472
1991 $1,527 $3,484
1990 $1,200 $3,367
1989 $1,045 -
1988 $733 -
1987 $1,792 -
1986 $1,087 -
1985 $767 -
1984 $918 -
1983 $927 -
1982 $1,194 -
1981 $1,216 -
1980 $1,045 -
1979 $942 -
1978 $756 -
1977 $903 -
1976 $1,026 -
1975 $1,104 -
1974 $927 -
1973 $754 -
1972 $647 -
1971 $599 -
1970 $550 -
1969 $488 -
1968 $448 -
1967 $498 -
1966 $505 -
1965 $439 -
1964 $381 -
1963 $324 -
1962 $305 -
1961 $276.6 -
1960 $252.8 -

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

GeoRank.org/economy/peru | CC BY

Peru has a GDP per capita of $8,452, ranking 91/197, a GDP per capita based on purchasing power parity (PPP) of $17,802, ranking 104/197, and a median annual after tax income of $7,290, ranking 90/197.

Peru GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 49 85 96
2023 50 90 100
2022 51 92 96
2021 50 93 99
2020 50 91 104
2019 50 89 101
2018 50 90 99
2017 48 88 100
2016 49 88 101
2015 48 89 101
2014 54 95 102
2013 52 93 97
2012 52 92 97
2011 53 95 97
2010 51 96 101
2009 53 103 103
2008 56 106 104
2007 55 105 106
2006 54 104 106
2005 54 105 106
2004 53 105 106
2003 52 102 106
2002 51 98 105
2001 52 91 106
2000 51 94 106
1999 50 91 105
1998 49 89 103
1997 49 89 99
1996 49 89 98
1995 49 88 98
1994 50 87 98
1993 52 90 103
1992 51 87 106
1991 52 89 103
1990 60 102 103
1989 57 93 -
1988 59 115 -
1987 43 72 -
1986 50 86 -
1985 58 100 -
1984 54 93 -
1983 54 94 -
1982 47 84 -
1981 50 84 -
1980 54 89 -
1979 51 83 -
1978 54 84 -
1977 45 74 -
1976 40 64 -
1975 34 59 -
1974 39 63 -
1973 37 59 -
1972 38 55 -
1971 37 55 -
1970 37 54 -
1969 39 46 -
1968 38 45 -
1967 32 42 -
1966 33 42 -
1965 35 43 -
1964 37 43 -
1963 39 47 -
1962 39 47 -
1961 40 52 -
1960 43 54 -

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

GeoRank.org/economy/peru | CC BY

Compared with 2000, in 2024 Peru is ranked 49th out of 182 by GDP (up from 51st), 85th by GDP per capita (up from 94th), and 96th by GDP per capita PPP (up from 106th).

Economic indicators

Peru Rank
Gross domestic product
$289B
2024
49/197
GDP growth
3.3%
2023-2024
100/194
GDP per capita
$8,452
2024
91/197
GDP per capita, PPP
$17,802
2024
104/197
Government debt
$93B
2024
59/185
Debt-to-GDP ratio
32.2%
2024
154/185
Government debt per person
$2,717
2024
108/185
Average annual personal income after taxes
$7,290
2026
90/197
Listed domestic companies
176
2024
37/103
Market capitalization of domestic companies
$82.2B
2024
42/100
Income share by richest 10%
30.3%
2024
55/169
Income share by poorest 10%
2%
2024
140/169
Government expenditure, % of GDP
22.3%
2024
140/195
Consumer prices inflation
2.01%
2023-2024
141/195
Central bank interest rate
4.25%
2025
70/106
Unemployment rate
4.86%
2024
112/196
Population
35031596
48/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 22.3% 32.2% -3.54%
2023 22.1% 32.4% -2.78%
2022 23.1% 33.5% -1.38%
2021 23.1% 35.5% -2.49%
2020 25.6% 34.3% -8.16%
2019 20.8% 26.5% -1.37%
2018 21% 25.7% -1.94%
2017 20.6% 24.8% -2.79%
2016 20.5% 23.9% -2.12%
2015 22% 23.7% -2.02%
2014 22.4% 20.5% -0.19%
2013 21.5% 19.9% 0.75%
2012 20.3% 20.7% 2.07%
2011 19.8% 23.1% 2.05%
2010 21% 25.1% -0.02%
2009 21.3% 28.2% -1.48%
2008 19.9% 28.1% 2.48%
2007 18.6% 31.9% 3.35%
2006 19.2% 34.9% 2.03%
2005 20.4% 40.4% -0.44%
2004 19.6% 46.7% -1.03%
2003 20.1% 49.4% -1.62%
2002 19.6% 45.5% -1.4%
2001 20.9% 43.8% -2.15%
2000 21.7% 44.9% -2.12%
1999 17.8% 41.1% -2.93%
1998 16.3% 36.8% -0.2%
1997 15.6% 34.5% 0.47%
1996 16.5% 37.4% -0.25%
1995 17.5% 36.8% -2.05%
1994 16.9% 41.9% -1.9%
1993 18.2% 49.9% -2.82%
1992 19.1% 46.8% -3.55%
1991 15.7% 48.3% -1.98%
1990 20.4% 56.3% -7.99%
1989 12.1% 34.9% -1.3%
1988 12.8% 42.8% -3.57%
1987 15.5% 39.1% -6.26%
1986 16.6% 48.6% -4.08%
1985 17.2% 63.4% -2.41%
1984 18.3% 56.7% -4.45%
1983 19.4% 56.2% -7.52%
1982 17.6% 34.2% -3.22%
1981 18.4% 30.6% -3.98%
1980 19.3% 36.3% -2.36%
1979 16.4% 45.9% -0.54%
1978 19% 56% -5.07%
1977 19.4% 44.8% -6.52%
1976 21.1% 34.5% -8.37%
1975 19.8% 27% -6.54%
1974 17.7% 24% -4.47%
1973 19.5% 22.6% -6.68%
1972 15.3% 20.6% -2.04%
1971 15% 19% -1.89%
1970 14.3% 20% -0.42%
1969 16.4% - -1.1%
1968 18.4% 15.2% -3.28%
1967 19.1% 12.1% -3.76%
1966 18.6% 17% -5.41%
1965 18.7% 14.5% -4.79%
1964 16.9% 14.1% -3.37%
1963 16.2% - -1.86%
1962 14.6% - 2.16%
1961 14.8% 16% 2.46%
1960 13.3% - 3.32%
1959 16.3% 20.6% -1.46%
1958 16.9% 17.5% -2.63%
1957 17.9% 16.3% -2.23%
1956 18.3% 17.3% -0.93%
1955 16.7% 13.8% 0.06%
1954 15.2% 8.21% -0.66%
1953 11.9% 7.6% -2.35%
1952 10.5% 7.96% 0.04%
1951 10.9% 10.6% 0.61%
1950 11.3% 13.9% 0.08%
1949 9.38% 19.4% 0.26%
1948 12.6% 24% -0.84%
1947 13.1% 25.8% -0.54%
1946 10.8% 25.7% -1.39%
1945 8.81% 26% 0%
1944 8.16% 26.5% 0%
1943 9.17% 26.7% 0.18%
1942 9.89% 28.8% -2.38%
1941 9.5% 28.6% -1.76%
1940 6.65% 30.9% 0.27%
1939 8.73% 27.9% -1.01%
1938 9.5% 26.3% -1.57%
1937 6.1% 28.3% 0.18%
1936 6.2% 30.8% 0.18%
1935 6.13% 32% 0.09%
1934 5.81% 33.1% 0.11%
1933 5.53% 33.4% 0.02%
1932 5.8% 29% -0.57%
1931 5.8% 20.4% -0.28%
1930 7.04% 13.1% -0.67%
1929 5.83% 14% 0.008%
1928 7.24% 12.9% -1.88%
1927 4.79% 7.16% 0%
1926 6.45% 6.42% -1.84%
1925 6.01% 6.75% -1.69%
1924 5.94% 6.73% -1.31%
1923 5.17% 5.87% -0.85%
1922 4.98% 5.42% -1.24%
1921 5.17% 4.35% -1.53%
1920 4.47% 5.29% -0.4%
1919 4.27% 5.98% -0.26%
1918 3.7% 6.88% -0.34%
1917 3.93% 5.62% -0.25%
1916 3.3% 9% 0.27%
1915 4.21% 11% -0.74%
1914 6.53% 10.1% -1.59%
1913 8.63% 9.51% -3.04%
1912 5.57% 10.1% -0.45%
1911 4.87% 10% 0.32%
1910 4.39% 10.4% 0.16%
1909 4.51% 11.6% -0.33%
1908 5.49% 11.2% -0.18%
1907 4.86% 11.7% 0.18%
1906 4.54% 12.5% 0.38%
1905 4.26% 13.6% 0.2%
1904 4.23% 14.5% 0.22%
1903 3.55% 15.8% 0.24%
1902 3.59% 15.6% 0.26%
1901 3.67% 16.6% 0.26%
1900 3.59% 23.9% 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru | CC BY

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

Over the past 50 years, Peru recorded a fiscal deficit in 43 of them, with an average annual deficit equal to 2.31% of GDP. In 2024, government spending reached $64.4B (22.3% of GDP), with a deficit of 3.54%.

The national debt reached $93B, ranking 59th out of 185 countries by total size, with a debt-to-GDP ratio of 32.2%, ranking 154th.

Inflation rate by year

1x
Year Inflation
2024 2.01%
2023 6.46%
2022 8.33%
2021 4.27%
2020 2%
2019 2.25%
2018 1.51%
2017 2.99%
2016 3.56%
2015 3.4%
2014 3.41%
2013 2.77%
2012 3.61%
2011 3.37%
2010 1.53%
2009 2.94%
2008 5.79%
2007 1.78%
2006 2%
2005 1.62%
2004 3.66%
2003 2.26%
2002 0.19%
2001 1.98%
2000 3.76%
1999 3.47%
1998 7.25%
1997 8.56%
1996 11.5%
1995 11.1%
1994 23.7%
1993 48.6%
1992 73.5%
1991 410%
1990 7,482%
1989 3,399%
1988 667%
1987 85.8%
1986 77.9%
1985 163.4%
1984 110.2%
1983 111.2%
1982 64.4%
1981 75.4%
1980 59.1%
1979 66.7%
1978 57.8%
1977 38.1%
1976 33.5%
1975 23.6%
1974 16.9%
1973 9.49%
1972 7.22%
1971 6.79%
1970 5.03%
1969 6.24%
1968 19.1%
1967 9.78%
1966 8.84%
1965 16.4%
1964 9.79%
1963 6.07%
1962 6.64%
1961 5.92%
1960 8.66%

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

GeoRank.org/economy/peru | CC BY

Over the past 20 years, Peru has had an average annual inflation rate of 3.28%. In 2024, inflation was 2.01%. The bar chart above shows consumer price inflation by year.

Balance of trade

Peru Rank
Current account balance
$6.39B
2024
29/190
Current account balance, % of GDP
+2.21%
2024
54/190
Goods imports
$52.1B
2024
54/189
Goods exports
$76.2B
2024
46/189
Service imports
$15.1B
2024
55/189
Service exports
$7.15B
2024
81/189
Imports of goods and services, % of GDP
22.9%
2024
157/181
Exports of goods and services, % of GDP
28.5%
2024
119/193

Peru top 10 trading partners

Peru's biggest trading partner accounting for 32% of all exports and imports is China, with a trade balance between the two of +$9.47B: Peru exports $25.2B worth of goods and services to China and imports $15.8B.

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

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $41B 32% $25.2B $15.8B Raw materials & minerals Machinery & equipment
2 United States $19.6B 15.3% $9.55B $10B Raw agricultural goods Raw materials & minerals
3 India $5.89B 4.6% $4.72B $1.18B Precious metals & jewellery Machinery & equipment
4 Canada $5.24B 4.09% $3.81B $1.43B Precious metals & jewellery Raw materials & minerals
5 Brazil $5.12B 3.99% $1.64B $3.48B Raw materials & minerals Machinery & equipment
6 Japan $4.48B 3.49% $3.33B $1.14B Raw materials & minerals Machinery & equipment
7 Chile $3.47B 2.71% $2.22B $1.25B Raw materials & minerals Metals
8 Argentina $3.08B 2.4% $195M $2.88B Raw materials & minerals Raw agricultural goods
9 Spain $2.96B 2.31% $2.1B $856M Raw materials & minerals Machinery & equipment
10 South Korea $2.82B 2.2% $2.08B $739M Raw materials & minerals Machinery & equipment

Top 10 exports

Peru Rank
Raw materials & minerals $35B 31/193
Precious metals & jewellery $13.3B 19/190
Raw agricultural goods $9.18B 21/193
Metals $5.89B 46/192
Processed food, beverages & tobacco $5.73B 38/192
Transport & tourism services $4.44B 72/188
Textiles & consumer goods $2B 61/193
Chemicals & pharma $1.44B 66/193
Animal & marine products $1.15B 52/192
Business & finance services $886M 78/188

Top 10 imports

Peru Rank
Machinery & equipment $17.7B 54/193
Raw materials & minerals $12.4B 45/193
Transport & tourism services $7.5B 54/188
Chemicals & pharma $7.22B 53/193
Textiles & consumer goods $5.01B 50/193
Metals $3.86B 57/193
Processed food, beverages & tobacco $3.37B 58/193
Business & finance services $3.14B 57/188
Raw agricultural goods $2.65B 46/193
IT & IP services $1.59B 50/182

Economic freedom indices

Peru Rank
Economic freedom 66.3 62/197
Property rights 44 105/182
Government integrity 35 118/182
Judicial effectiveness 47.8 86/182
Tax burden 79.4 88/182
Government spending 84.8 50/180
Fiscal health 87.4 60/181
Business freedom 73.1 51/182
Labor freedom 64.7 26/182
Monetary freedom 77.6 41/180
Trade freedom 81.6 20/181
Investment freedom 60 81/181
Financial freedom 60 58/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 66.3 47.8 79.4 84.8 87.4
2025 65.9 47.3 79.4 83.9 89.8
2024 64.8 48.2 79.1 81.8 67.8
2023 66.5 38.5 80 83.3 70.8
2022 66.5 49.7 79.5 84.2 73.1
2021 67.7 28.2 79.4 86.4 91.5
2020 67.9 30.6 80.8 86.4 89
2019 67.8 34 80.6 86.1 88.5
2018 68.7 33.5 80.6 85.6 94.7
2017 68.9 28.2 80.3 85.1 98.4
2016 67.4 - 78.5 86.1 -
2015 67.7 - 78.6 88.5 -
2014 67.4 - 79.1 89.1 -
2013 68.2 - 79.9 89.1 -
2012 68.7 - 79.7 90.9 -
2011 68.6 - 79.4 91 -
2010 67.6 - 79.5 92.3 -
2009 64.6 - 79.7 91.8 -
2008 63.8 - 80.2 91.8 -
2007 62.7 - 80.2 91.4 -
2006 60.5 - 80.3 75.6 -
2005 61.3 - 82.3 76 -
2004 64.7 - 81.5 87.5 -
2003 64.6 - 81.6 88.8 -
2002 64.8 - 80.5 91.3 -
2001 69.6 - 80.1 92.3 -
2000 68.7 - 80 88 -
1999 69.2 - 80.2 91.3 -
1998 65 - 80.4 91.4 -
1997 63.8 - 80.5 92 -
1996 62.5 - 81 93.4 -
1995 56.9 - 81.1 89.5 -

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

GeoRank.org/economy/peru | CC BY

Peru is ranked 56/174 for economic freedom with a score of 66.3, compared to 71/162 and a score of 60.5 in 2006.

Other economic metrics

Peru Rank
Services, % of GDP
51.3%
2024
125/191
Industry, % of GDP
34%
2024
39/194
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
88/193
GNI, Atlas method
$257B
2024
50/194
GNI per capita, PPP
$16,780
2024
102/191
Total reserves including gold
$79.2B
2024
33/177
Net foreign direct investment
-$5.63B
2024
170/189
Net inflows of foreign direct investment
$6.8B
2024
42/193
Net outflows of foreign direct investment
$1.17B
2024
47/193
Servicing debt to the IMF, % of GNI
5.58%
2024
45/121
Poverty at national poverty lines
27.6%
2024
63/176
Gross capital formation, % of GDP
19.4%
2024
130/178

Compare Peru vs other countries

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/peru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.