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Economy of Romania vs Sweden compared: GDP & Debt

Updated on by Georank

Romania has a GDP of $429B compared to $669B for Sweden, ranking 39/197 and 26/197 by economy size, respectively.

Romania has $260B in government debt (60.6% of GDP), compared to $234B (34.9% of GDP) in Sweden.

Romania vs Sweden GDP by year

Romania
Sweden
1x
Year GDP, current $
Romania Sweden
2025 $428,677,977,855 $668,998,664,082
2024 $382,564,217,989 $604,827,393,489
2023 $347,757,995,759 $578,990,915,246
2022 $295,317,862,856 $575,071,237,641
2021 $285,072,444,957 $631,693,331,301
2020 $250,624,575,872 $544,265,668,452
2019 $250,080,428,512 $530,894,124,494
2018 $241,791,427,224 $549,649,344,043
2017 $210,147,385,855 $535,172,356,785
2016 $185,290,759,249 $513,058,312,951
2015 $177,885,131,240 $501,602,351,912
2014 $199,722,319,676 $577,727,767,304
2013 $189,798,603,751 $584,125,353,119
2012 $179,117,323,107 $549,739,674,655
2011 $192,623,977,894 $570,538,581,144
2010 $170,064,350,672 $492,750,897,239
2009 $174,110,532,659 $434,311,714,442
2008 $214,315,932,061 $514,614,100,833
2007 $174,588,782,939 $490,047,789,548
2006 $122,023,735,993 $422,528,394,459
2005 $98,454,380,120 $391,688,455,929
2004 $74,973,656,852 $384,545,442,175
2003 $57,806,384,143 $334,072,443,516
2002 $46,065,502,703 $267,371,907,447
2001 $40,395,116,581 $242,497,797,485
2000 $37,253,739,511 $262,903,560,280
1999 $35,953,156,754 $274,318,357,862
1998 $41,696,091,974 $270,887,306,759
1997 $35,575,214,078 $268,249,616,891
1996 $36,937,074,278 $291,949,597,375
1995 $37,430,162,103 $267,050,453,507
1994 $30,072,805,104 $228,699,066,874
1993 $26,361,160,450 $212,644,602,616
1992 $25,121,666,667 $283,908,914,454
1991 $28,850,634,900 $273,831,464,572
1990 $38,247,882,300 $261,466,577,009
1989 $41,450,777,202 $217,632,340,195
1988 $40,424,528,302 $206,686,590,776
1987 $38,067,567,568 $182,744,315,974
1986 - $150,279,869,729
1985 - $113,958,084,357
1984 - $109,043,045,407
1983 - $104,862,109,663
1982 - $114,214,731,799
1981 - $129,498,921,476
1980 - $141,886,067,004
1979 - $123,207,527,699
1978 - $104,290,933,496
1977 - $94,331,782,622
1976 - $89,232,517,046
1975 - $82,765,232,648
1974 - $65,917,634,590
1973 - $59,318,842,992
1972 - $48,883,173,400
1971 - $41,506,151,115
1970 - $38,037,226,668
1969 - $33,967,301,561
1968 - $31,277,871,669
1967 - $29,474,881,506
1966 - $27,154,716,721
1965 - $24,963,947,415
1964 - $22,685,490,195
1963 - $20,342,131,882
1962 - $18,794,066,990
1961 - $17,329,620,585
1960 - $15,930,075,467

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

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

GDP per capita in Romania vs Sweden by year

Romania
GDP per capita

GDP per capita, PPP
Sweden
GDP per capita

GDP per capita, PPP
1x
Year Current $
Romania Sweden
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $22,538 - $63,133 -
2024 $20,080 $49,077 $57,223 $71,845
2023 $18,244 $45,982 $54,950 $69,226
2022 $15,503 $41,979 $54,837 $67,076
2021 $14,908 $37,534 $60,648 $62,732
2020 $13,009 $34,194 $52,569 $57,489
2019 $12,910 $33,425 $51,649 $57,046
2018 $12,416 $29,383 $54,018 $53,122
2017 $10,728 $26,943 $53,210 $51,474
2016 $9,405 $23,905 $51,704 $50,290
2015 $8,977 $21,625 $51,188 $48,772
2014 $10,032 $20,633 $59,583 $46,841
2013 $9,498 $19,678 $60,844 $46,098
2012 $8,930 $19,808 $57,750 $45,207
2011 $9,561 $18,804 $60,379 $44,333
2010 $8,400 $17,355 $52,543 $41,951
2009 $8,548 $16,641 $46,708 $40,094
2008 $10,435 $16,782 $55,817 $41,907
2007 $8,360 $13,703 $53,568 $40,813
2006 $5,758 $11,554 $46,531 $37,672
2005 $4,618 $9,602 $43,378 $34,198
2004 $3,495 $8,989 $42,758 $33,805
2003 $2,679 $7,559 $37,292 $31,788
2002 $2,120 $7,162 $29,958 $30,987
2001 $1,825 $6,520 $27,259 $29,946
2000 $1,660 $5,850 $29,633 $29,636
1999 $1,600 $5,596 $30,969 $27,496
1998 $1,853 $5,545 $30,605 $25,897
1997 $1,577 $5,564 $30,324 $24,817
1996 $1,633 $5,746 $33,022 $23,952
1995 $1,650 $5,429 $30,254 $23,084
1994 $1,323 $4,995 $26,046 $21,835
1993 $1,158 $4,699 $24,390 $20,700
1992 $1,102 $4,515 $32,753 $20,767
1991 $1,254 $4,795 $31,777 $20,663
1990 $1,648 $5,280 $30,549 $20,357
1989 $1,790 - $25,625 -
1988 $1,753 - $24,499 -
1987 $1,659 - $21,761 -
1986 - - $17,955 -
1985 - - $13,647 -
1984 - - $13,080 -
1983 - - $12,590 -
1982 - - $13,719 -
1981 - - $15,564 -
1980 - - $17,073 -
1979 - - $14,856 -
1978 - - $12,602 -
1977 - - $11,432 -
1976 - - $10,853 -
1975 - - $10,103 -
1974 - - $8,078 -
1973 - - $7,291 -
1972 - - $6,018 -
1971 - - $5,125 -
1970 - - $4,729 -
1969 - - $4,263 -
1968 - - $3,953 -
1967 - - $3,746 -
1966 - - $3,478 -
1965 - - $3,228 -
1964 - - $2,961 -
1963 - - $2,675 -
1962 - - $2,485 -
1961 - - $2,304 -
1960 - - $2,128 -

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

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

Romania's GDP per capita is $22,538, ranking 57/197, compared to $63,133 in Sweden, ranking 15/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 47th at $49,077, while Sweden ranks 23rd at $71,845.

Economic indicators

Romania Sweden
Gross domestic product
$429B
2025
$669B
2025
GDP rank
39/197
2025
26/197
2025
GDP growth
0.68%
2024-2025
1.54%
2024-2025
GDP per capita
$22,538
2025
$63,133
2025
GDP per capita rank
57/197
2025
15/197
2025
GDP per capita, PPP
$49,077
2024
$71,845
2024
GDP per capita PPP rank
47/197
2024
23/197
2024
Government debt
$260B
2025
$234B
2025
Debt-to-GDP ratio
60.6%
2025
34.9%
2025
Government debt per person
$13,650
2025
$22,057
2025
Government debt per person rank
48/185
2025
31/185
2025
Average annual personal income after taxes
$13,510
2026
$40,083
2026
Market capitalization of domestic companies
$70.9B
2025
$290B
2003
Number of millionaires n/a
507,000
2026
Number of billionaires
6
2026
50
2026
Income share by richest 10%
21.8%
2023
22.3%
2023
Income share by poorest 10%
2.4%
2023
2.8%
2023
Government expenditure, % of GDP
40.5%
2025
49.4%
2025
Consumer prices inflation
7.3%
2024-2025
0.68%
2024-2025
Central bank interest rate
6.5%
2024
1.75%
2025
Unemployment rate
6.1%
2025
8.8%
2025
Population
18912567
10665077

Spending and national debt comparison by year

Romania
Spending

Debt
Sweden
Spending

Debt
1x
Year % of GDP
Romania Sweden
Government spending Government debt Government spending Government debt
2025 40.5% 60.6% 49.4% 34.9%
2024 40% 57.5% 49.3% 33.9%
2023 37% 52.6% 48.9% 32.1%
2022 37.5% 51.9% 48.3% 34.2%
2021 37.2% 51.8% 49.3% 37.3%
2020 38.3% 49.5% 52% 40.4%
2019 33.4% 36.8% 48.8% 35.8%
2018 31.9% 36.4% 49.8% 39.9%
2017 31% 37.1% 49.2% 41.6%
2016 31.8% 39.5% 49.5% 42.9%
2015 34.2% 39.4% 49.4% 44.5%
2014 33.8% 40.5% 50.7% 45.7%
2013 34.2% 39.3% 51.4% 40.8%
2012 33.5% 36.2% 50.2% 38%
2011 35% 32.6% 49.1% 37.7%
2010 37.4% 30.2% 49.7% 38.6%
2009 36.3% 22.5% 51.7% 41.2%
2008 35.3% 13% 49.4% 37.9%
2007 34.6% 12.4% 48.5% 39.2%
2006 33.9% 12.7% 50.1% 43.8%
2005 32.3% 17.8% 51.2% 48.9%
2004 33.7% 21.3% 51.7% 48.7%
2003 31.8% 24.9% 53% 49.5%
2002 32.1% 27.4% 52.7% 49.9%
2001 33.2% 27.4% 51.7% 52%
2000 35% 29.6% 52.2% 50.4%
1999 35.1% 21.7% 55.2% 60.3%
1998 34.7% 16.5% 55.6% 65.4%
1997 33.5% 15% 57.9% 67.7%
1996 33.5% 11% 60% 68.9%
1995 34.4% 6.91% 62.1% 68.7%
1994 33.1% - 65.3% 68.6%
1993 33.5% - 67.9% 66.1%
1992 41.5% - 66.5% 45.7%
1991 38.3% - 61.2% 40.2%
1990 38.4% - 57.5% 40.3%
1989 40.1% - 35.8% 44.8%
1988 36.6% - 37.9% 50.3%
1987 40.7% - 40.9% 56%
1986 42.5% - 42.1% 59.5%
1985 41.6% - 47.6% 61.2%
1984 28.6% - 46.7% 57.5%
1983 25.8% - 48.6% 54.5%
1982 28.5% - 46.4% 47.9%
1981 30.4% - 46.1% 41.5%
1980 33.6% - 41% 34.4%
1979 42% - 39.9% 28.3%
1978 42.1% - 39.1% 24%
1977 39.9% - 35.7% 21%
1976 37.5% - 32.3% 19%
1975 40.6% - 30.6% 19.9%
1974 37.6% - 30.1% 19.4%
1973 32.6% - 31.1% 18%
1972 29.9% - 31.9% 17.2%
1971 27.2% - 29.8% 16.9%
1970 28.1% - 29.5% 16.9%
1969 32.1% - 28.7% 17.6%
1968 31.8% - 28.3% 17.6%
1967 30.6% - 27.7% 16.1%
1966 27.3% - 26.5% 15.3%
1965 25.6% - 24.6% 17%
1964 25.1% - 23.4% 18.7%
1963 23.1% - 24.4% 20.7%
1962 43.4% - 23.4% 23%
1961 - - 23.7% 26%
1960 - - 24.4% 28.6%

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/romania/sweden | CC BY

In 2025, Romania's government spending was $173B, accounting for 40.5% of its GDP, while Sweden spent $331B, or 49.4% of GDP.

Debt-to-GDP ratio is 60.6% in Romania and 34.9% in Sweden, ranking 76/185 and 144/185, respectively.

Government deficit by year

Deficit/surplus
Romania

Sweden
1x
Year Deficit/surplus, % of GDP
Romania Sweden
2025 -7.64% -1.41%
2024 -8.68% -1.5%
2023 -5.66% -0.63%
2022 -5.85% 1%
2021 -6.74% -0.15%
2020 -9.6% -3.18%
2019 -4.58% 0.44%
2018 -2.76% 0.67%
2017 -2.86% 1.29%
2016 -2.5% 0.86%
2015 -1.35% -0.27%
2014 -1.76% -1.84%
2013 -2.44% -1.63%
2012 -2.39% -1.19%
2011 -4.14% -0.41%
2010 -6.22% -0.14%
2009 -6.86% -0.89%
2008 -4.6% 1.87%
2007 -3.05% 3.37%
2006 -1.36% 2.2%
2005 -0.69% 2.08%
2004 -3.39% 0.17%
2003 -2.29% -1.25%
2002 -2.59% -1.46%
2001 -3.2% 1.37%
2000 -3.99% 3.11%
1999 -3.58% 0.6%
1998 -5.33% 0.82%
1997 -5.19% -1.57%
1996 -4.74% -3.11%
1995 -3.32% -7.01%
1994 -2.2% -8.77%
1993 -0.35% -10.9%
1992 -4.55% -8.51%
1991 3.23% 0.28%
1990 1.03% 3.7%
1989 -2.87% 1.5%
1988 8.4% -0.64%
1987 2.37% -2%
1986 5.72% -6.21%
1985 6.36% -9.91%
1984 15.2% -12.1%
1983 9.35% -15.1%
1982 0.36% -13.4%
1981 0.61% -12.8%
1980 -1.95% -11.5%
1979 0% -9.95%
1978 0% -7.32%
1977 0.23% -3.32%
1976 0.66% -1.27%
1975 0.41% -4.05%
1974 0.51% -4.12%
1973 1.53% -3.28%
1972 1.21% -2.17%
1971 0.89% -1.67%
1970 0.52% -2.64%
1969 0.93% -2.03%
1968 1.65% -2.37%
1967 1.23% -1.41%
1966 0.91% -0.33%
1965 -1.29% -0.17%
1964 -3.11% -0.1%
1963 -1.61% 0.41%
1962 -4.86% 0.7%
1961 - 0.56%
1960 - -2.67%
1959 - -2.53%
1958 - -2.31%
1957 - -2.1%
1956 - -1.21%
1955 - -1.72%
1954 - -1.52%
1953 - -2.47%
1952 - -0.16%
1951 - -0.9%
1950 - -1.64%
1949 - -0.74%
1948 - 0.29%
1947 - -1.08%
1946 - -0.61%
1945 - -8.04%
1944 - -8.66%
1943 - -10.7%
1942 - -11.8%
1941 - -13.1%
1940 - -8.16%
1939 - -1.13%
1938 - -0.07%
1937 - 0.46%
1936 - -0.64%
1935 - -2.19%
1934 - -1.88%
1933 - -4.1%
1932 - -1.56%
1931 - -0.05%
1930 - 0.09%
1929 - -0.39%
1928 - -0.06%
1927 - -1.14%
1926 - -1.11%
1925 - -1.44%
1924 - -0.99%
1923 - -1.65%
1922 - -3.17%
1921 - -3.55%
1920 - -0.6%
1919 - 0.17%
1918 - -8.59%
1917 - -0.26%
1916 - -0.23%
1915 - -0.94%
1914 - -0.55%
1913 - -0.17%
1912 - -0.51%
1911 - -0.87%
1910 - -0.81%
1909 - -2.08%
1908 - -2.27%
1907 - -0.68%
1906 - -0.66%
1905 - -0.34%
1904 - -0.56%
1903 - 0.08%
1902 - -1.57%
1901 - -1.34%
1900 - -0.32%
1899 - 0.57%
1898 - 0.91%
1897 - 1.09%
1896 - -0.59%
1895 - 1%
1894 - 0.47%
1893 - -0.49%
1892 - -0.68%
1891 - -0.6%
1890 - 0.33%
1889 - 0.19%
1888 - -0.05%
1887 - -1.5%
1886 - -0.98%
1885 - -0.08%
1884 - 0.24%
1883 - 0.16%
1882 - 0.36%
1881 - -0.17%
1880 - -0.47%
1879 - -1.89%
1878 - -2.04%
1877 - -1.21%
1876 - -1.07%
1875 - -1.26%
1874 - -1.05%
1873 - 0.06%
1872 - -0.15%
1871 - 0.22%
1870 - -0.42%
1869 - -1.52%
1868 - -1.67%
1867 - -1.17%
1866 - -3.01%
1865 - -2.02%
1864 - -2.3%
1863 - -1.58%
1862 - -1.35%
1861 - -1.11%
1860 - -2.03%
1859 - -2.17%
1858 - -2.36%
1857 - -0.62%
1856 - -0.08%
1855 - -0.09%
1854 - -0.19%
1853 - 0.17%
1852 - -0.31%
1851 - -0.07%
1850 - 0.004%
1849 - 0.09%
1848 - 0.12%
1847 - 0.08%
1846 - 0.13%
1845 - 0.04%
1844 - 0.009%
1843 - 0.05%
1842 - -0.12%
1841 - 0.06%
1840 - -0.01%
1839 - -0.006%
1838 - 0.09%
1837 - -0.38%
1836 - -0.08%
1835 - 0.08%
1834 - -0.12%
1833 - 0.09%
1832 - 0.01%
1831 - -0.1%
1830 - -0.45%
1829 - 2.7%
1828 - 0.03%
1827 - -0.16%
1826 - 0.37%
1825 - 0.18%
1824 - -0.23%
1823 - 0.37%
1822 - -0.03%
1821 - -0.49%
1820 - 0.26%
1819 - 0.09%
1818 - 0.35%
1817 - 0.35%
1816 - 0.16%
1815 - 2.34%
1814 - -0.45%
1813 - -0.37%
1812 - 3.47%
1811 - -0.48%
1810 - -3.05%
1809 - -7.65%
1808 - -5.04%
1807 - 0.1%
1806 - 0.55%
1805 - 0.52%
1804 - -0.25%
1803 - 11.6%
1802 - 2.17%
1801 - 0.01%
1800 - -0.44%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1800–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Romania's government deficit, the difference between spending and revenue, was $32.8B, equivalent to 7.64% of GDP. This compares to Sweden's deficit of $9.43B, or 1.41% of GDP.

Over the past 39 years, Romania recorded a fiscal deficit in 35 of those years, while Sweden ran a deficit in 22 years. On average, Romania posted an annual deficit equal to 3.19% of GDP, compared to deficit of 0.85% of GDP for Sweden.

Inflation comparison by year

Inflation
Romania

Sweden
1x
Year Consumer prices inflation
Romania Sweden
2025 7.3% 0.68%
2024 5.6% 2.84%
2023 10.4% 8.55%
2022 13.8% 8.37%
2021 5% 2.16%
2020 2.6% 0.5%
2019 3.8% 1.78%
2018 4.6% 1.95%
2017 1.3% 1.79%
2016 -1.6% 0.98%
2015 -0.6% -0.05%
2014 1.1% -0.18%
2013 4% -0.04%
2012 3.3% 0.89%
2011 5.8% 2.96%
2010 6.1% 1.16%
2009 5.6% -0.49%
2008 7.8% 3.44%
2007 4.8% 2.21%
2006 6.6% 1.36%
2005 9% 0.45%
2004 11.9% 0.37%
2003 15.4% 1.93%
2002 22.5% 2.16%
2001 34.5% 2.41%
2000 45.7% 0.9%
1999 45.8% 0.46%
1998 59.1% -0.27%
1997 154.8% 0.66%

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/romania/sweden | CC BY

Over the past 29 years, Romania has recorded an average annual inflation rate of 17.1%, compared with 1.72% in Sweden. In 2025, inflation was 7.3% in Romania and 0.68% in Sweden.

Top exports between countries

Romania
Export category Export value
Machinery & equipment $460M
Business & finance services $246M
Transport & tourism services $194M
Textiles & consumer goods $187M
IT & IP services $150M
Metals $117M
Manufacturing & construction services $77.2M
Raw materials & minerals $59M
Chemicals & pharma $45.4M
Wood & paper products $34.8M
Sweden
Export category Export value
Machinery & equipment $342M
Transport & tourism services $115M
IT & IP services $82.2M
Metals $77.9M
Wood & paper products $77.3M
Chemicals & pharma $69.1M
Business & finance services $57.9M
Animal & marine products $51.4M
Processed food, beverages & tobacco $26.7M
Textiles & consumer goods $23.4M

Balance of trade

Romania Sweden
Current account balance
-$33.9B
2025
$40.5B
2025
Current account balance ranking
186/190
2025
15/190
2025
Current account balance, % of GDP
-7.9%
2025
+6.06%
2025
Goods imports
$139B
2025
$201B
2025
Goods exports
$102B
2025
$233B
2025
Service imports
$35.9B
2025
$144B
2025
Service exports
$50.1B
2025
$132B
2025
Imports of goods and services, % of GDP
40.7%
2025
51.1%
2025
Exports of goods and services, % of GDP
35.5%
2025
53.2%
2025

Economic freedom indices

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

Romania Sweden
Economic freedom 65.4 77.8
Economic freedom ranking 64/197 14/197
Property rights 81 96.2
Government integrity 50 91.6
Judicial effectiveness 67 95.6
Tax burden 89.1 51.6
Government spending 56.7 28.4
Fiscal health 21.4 97.5
Business freedom 74.4 84.8
Labor freedom 63.6 65.8
Monetary freedom 72.7 78.1
Trade freedom 79.4 79.4
Investment freedom 70 85
Financial freedom 60 80

Economic freedom comparison by year

Romania
Sweden
1x
Year Economic freedom index
Romania Sweden
2026 65.4 77.8
2025 66.5 77.9
2024 64.4 77.5
2023 64.5 77.5
2022 67.1 77.9
2021 69.5 74.7
2020 69.7 74.9
2019 68.6 75.2
2018 69.4 76.3
2017 69.7 74.9
2016 65.6 72
2015 66.6 72.7
2014 65.5 73.1
2013 65.1 72.9
2012 64.4 71.7
2011 64.7 71.9
2010 64.2 72.4
2009 63.2 70.5
2008 61.7 70.8
2007 61.2 69.3
2006 58.2 70.9
2005 52.1 69.8
2004 50 70.1
2003 50.6 70
2002 48.7 70.8
2001 50 66.6
2000 52.1 65.1
1999 50.1 64.2
1998 54.4 64
1997 50.8 63.3
1996 46.2 61.8
1995 42.9 61.4

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

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

The Economic Freedom Index for Romania is 65.4, ranking 64/197, compared to 77.8 for Sweden, ranking 14/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Romania Sweden
Services, % of GDP
61.7%
2025
67%
2025
Industry, % of GDP
25.3%
2025
21%
2025
Agriculture, forestry, and fishing, % of GDP
3%
2025
1.5%
2025
GNI, Atlas method
$384B
2025
$668B
2025
GNI per capita, PPP
$49,550
2025
$76,090
2025
Total reserves including gold
$90.6B
2025
$74.2B
2025
Total reserves ranking
31/177
2025
36/177
2025
Net foreign direct investment
-$8.57B
2025
-$11.1B
2025
Net inflows of foreign direct investment
$7.16B
2024
$30.7B
2024
Net outflows of foreign direct investment
$1.99B
2024
$29.7B
2024
Poverty at national poverty lines
19%
2023
16.1%
2022
Gross capital formation, % of GDP
25.9%
2025
25.5%
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/romania/sweden | 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 (1800–1999, 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 (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.

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.