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Economy of Sierra Leone vs Switzerland compared: GDP & Debt

Updated on by Georank

Sierra Leone has a GDP of $7.46B compared to $1.04T for Switzerland, ranking 160/197 and 20/197 by economy size, respectively.

Sierra Leone has $3.38B in government debt (45.2% of GDP), compared to $411B (39.4% of GDP) in Switzerland.

Sierra Leone vs Switzerland GDP by year

Sierra Leone
Switzerland
1x
Year GDP, current $
Sierra Leone Switzerland
2025 $7,464,157,904 $1,043,529,899,251
2024 $6,971,127,234 $969,919,786,395
2023 $6,415,852,766 $928,435,275,852
2022 $7,121,125,277 $858,479,038,994
2021 $7,166,931,483 $840,710,023,481
2020 $6,688,307,706 $756,096,180,222
2019 $6,523,577,590 $736,384,764,157
2018 $6,390,514,689 $740,766,531,454
2017 $5,749,846,528 $706,660,443,624
2016 $6,084,297,211 $698,607,778,795
2015 $6,788,352,975 $706,199,008,879
2014 $7,686,138,791 $741,168,119,617
2013 $7,502,762,863 $718,748,402,260
2012 $6,141,666,509 $697,882,536,677
2011 $4,861,632,885 $727,231,637,102
2010 $4,262,805,967 $609,999,593,542
2009 $3,953,403,098 $563,659,557,945
2008 $4,157,895,298 $574,703,945,157
2007 $3,632,957,611 $498,993,845,385
2006 $3,263,697,467 $448,364,681,767
2005 $2,545,275,313 $424,511,048,024
2004 $2,237,350,687 $409,012,909,530
2003 $2,142,618,046 $366,563,952,625
2002 $1,933,863,911 $313,930,961,761
2001 $1,681,473,894 $290,160,142,214
2000 $635,866,404 $282,327,351,966
1999 $669,386,624 $301,911,268,140
1998 $672,368,187 $306,907,741,068
1997 $850,232,760 $298,868,250,534
1996 $941,709,423 $345,373,647,249
1995 $870,740,292 $358,152,520,085
1994 $911,853,802 $305,916,331,798
1993 $768,867,883 $276,339,744,180
1992 $679,940,814 $284,139,428,246
1991 $779,981,987 $272,953,645,746
1990 $649,644,098 $269,768,238,555
1989 $932,974,420 $211,241,694,480
1988 $1,055,083,933 $218,788,504,066
1987 $660,106,336 $202,238,567,597
1986 $490,181,457 $161,487,171,049
1985 $856,890,459 $112,652,623,418
1984 $1,087,471,862 $111,104,641,869
1983 $995,104,305 $116,361,728,836
1982 $1,295,361,886 $116,776,899,473
1981 $1,114,830,472 $113,936,168,924
1980 $1,100,685,845 $124,404,609,417
1979 $1,109,374,911 $116,702,524,208
1978 $960,728,339 $103,821,687,919
1977 $691,777,584 $74,237,819,014
1976 $594,895,942 $69,508,364,538
1975 $679,336,344 $66,452,559,176
1974 $648,590,643 $57,963,469,607
1973 $575,230,724 $50,296,651,921
1972 $465,381,340 $37,399,508,287
1971 $419,549,305 $30,492,832,676
1970 $434,410,974 $25,374,750,743
1969 $408,690,163 $22,780,211,812
1968 $329,859,732 $21,024,203,656
1967 $348,795,303 $19,689,329,510
1966 $375,479,850 $18,290,928,227
1965 $359,379,856 $17,033,079,428
1964 $371,847,461 $16,071,715,835
1963 $348,547,279 $14,499,109,270
1962 $342,721,416 $13,185,384,691
1961 $327,834,191 $11,889,851,950
1960 $322,009,962 $10,569,129,806

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

GeoRank.org/economy/sierra-leone/switzerland | CC BY

GDP per capita in Sierra Leone vs Switzerland by year

Sierra Leone
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Sierra Leone Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $846 - $114,769 -
2024 $807 $3,522 $107,702 $96,498
2023 $758 $3,368 $104,450 $95,142
2022 $860 $3,144 $97,809 $94,421
2021 $885 $2,849 $96,583 $81,001
2020 $845 $2,719 $87,530 $72,998
2019 $844 $2,704 $85,873 $73,732
2018 $846 $2,640 $87,002 $70,689
2017 $779 $2,501 $83,610 $68,194
2016 $844 $2,635 $83,432 $67,351
2015 $965 $2,560 $85,265 $65,265
2014 $1,118 $2,762 $90,512 $63,417
2013 $1,117 $2,701 $88,851 $61,656
2012 $938 $2,317 $87,270 $59,441
2011 $761 $2,043 $91,910 $57,494
2010 $685 $1,900 $77,956 $54,426
2009 $653 $1,814 $72,788 $52,999
2008 $705 $1,824 $75,148 $53,809
2007 $632 $1,770 $66,082 $50,928
2006 $580 $1,698 $59,910 $46,266
2005 $463 $1,615 $57,080 $41,525
2004 $418 $1,541 $55,350 $40,171
2003 $414 $1,458 $49,947 $38,732
2002 $389 $1,360 $43,094 $38,705
2001 $358 $1,121 $40,134 $37,819
2000 $143.7 $1,242 $39,298 $36,703
1999 $155 $1,167 $42,261 $34,743
1998 $156.5 $1,180 $43,166 $33,860
1997 $199.9 $1,157 $42,160 $32,736
1996 $224.3 $1,225 $48,838 $31,509
1995 $208.4 $1,187 $50,869 $30,842
1994 $218.5 $1,266 $43,741 $30,265
1993 $185 $1,269 $39,828 $29,495
1992 $163.2 $1,220 $41,327 $29,113
1991 $183.7 $1,445 $40,140 $28,792
1990 $154.8 $1,382 $40,171 $28,461
1989 $231.3 - $31,780 -
1988 $268.2 - $33,183 -
1987 $172.4 - $30,899 -
1986 $131.5 - $24,828 -
1985 $235.5 - $17,411 -
1984 $306 - $17,247 -
1983 $285.8 - $18,128 -
1982 $380 - $18,271 -
1981 $334 - $17,931 -
1980 $336 - $19,686 -
1979 $346 - $18,541 -
1978 $305 - $16,528 -
1977 $224.2 - $11,819 -
1976 $196.4 - $11,029 -
1975 $228.4 - $10,484 -
1974 $222.1 - $9,140 -
1973 $200.6 - $7,974 -
1972 $165.4 - $5,973 -
1971 $151.8 - $4,908 -
1970 $160.2 - $4,105 -
1969 $153.6 - $3,712 -
1968 $126.3 - $3,465 -
1967 $136.1 - $3,286 -
1966 $149.3 - $3,091 -
1965 $145.6 - $2,908 -
1964 $153.4 - $2,776 -
1963 $146.3 - $2,546 -
1962 $146.3 - $2,366 -
1961 $142.3 - $2,188 -
1960 $142 - $1,984 -

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

GeoRank.org/economy/sierra-leone/switzerland | CC BY

Sierra Leone's GDP per capita is $846, ranking 186/197, compared to $114,769 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Sierra Leone ranks 171st at $3,522, while Switzerland ranks 8th at $96,498.

Economic indicators

Sierra Leone Switzerland
Gross domestic product
$7.46B
2025
$1.04T
2025
GDP rank
160/197
2025
20/197
2025
GDP growth
4.61%
2024-2025
1.3%
2024-2025
GDP per capita
$846
2025
$114,769
2025
GDP per capita rank
186/197
2025
5/197
2025
GDP per capita, PPP
$3,522
2024
$96,498
2024
GDP per capita PPP rank
171/197
2024
8/197
2024
Government debt
$3.38B
2025
$411B
2025
Debt-to-GDP ratio
45.2%
2025
39.4%
2025
Government debt per person
$383
2025
$45,239
2025
Government debt per person rank
173/185
2025
12/185
2025
Average annual personal income after taxes
$1,418
2026
$89,347
2026
Market capitalization of domestic companies n/a
$2.51T
2025
Number of millionaires n/a
944,000
2026
Number of billionaires n/a
45
2026
Income share by richest 10%
29.4%
2018
26.6%
2022
Income share by poorest 10%
3.4%
2018
2.9%
2022
Government expenditure, % of GDP
16.5%
2025
31.2%
2025
Consumer prices inflation
7.6%
2024-2025
0.15%
2024-2025
Central bank interest rate
16.8%
2025
0%
2025
Unemployment rate
1.65%
2018
4.84%
2025
Population
9090531
9155878

Spending and national debt comparison by year

Sierra Leone
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Sierra Leone Switzerland
Government spending Government debt Government spending Government debt
2025 16.5% 45.2% 31.2% 39.4%
2024 17.6% 46.7% 31.3% 40.5%
2023 15.4% 49.4% 30.9% 37.3%
2022 16.7% 54% 30.5% 35.9%
2021 16.8% 47.1% 33.4% 39.7%
2020 15.6% 46.4% 36.3% 42.4%
2019 13.3% 45.3% 31.3% 38.8%
2018 13.7% 44.2% 31.1% 39%
2017 15% 44.2% 31.9% 41.1%
2016 14.9% 38.9% 31.9% 40.3%
2015 13.1% 28.4% 31.9% 41.4%
2014 13.5% 26.8% 31.5% 41.2%
2013 11.4% 22.3% 32% 41.2%
2012 13.5% 24.1% 31.1% 41.9%
2011 13.2% 25.8% 31% 41.2%
2010 12.5% 28.9% 30.9% 40.7%
2009 11.3% 31.1% 31.2% 42.4%
2008 10.3% 46.1% 29.6% 44.2%
2007 8.1% 26.4% 29% 44%
2006 9.97% 61.9% 30.1% 47.7%
2005 10.9% 78.9% 31.9% 54.1%
2004 11.1% 93.2% 32.6% 57.1%
2003 11.7% 99.8% 32.8% 56.2%
2002 12.6% 99.8% 33.6% 56.9%
2001 12% 113.5% 31.2% 50.5%
2000 10.3% - 31.9% 51.7%
1999 - - 32.8% 52%
1998 - - 32.3% 55.3%
1997 - - 32.5% 52.9%
1996 - - 32.5% 50.6%
1995 - - 32% 49.3%
1994 - - 32% 46.4%
1993 - - 31.9% 43.7%
1992 - - 30.8% 38.9%
1991 - - 29% 34.6%
1990 - - 27.2% 32.8%
1989 - - 30% 32.5%
1988 - - 30.3% 35%
1987 - - 29.8% 36.5%
1986 - - 29.8% 37.6%
1985 - - 30.1% 39.1%
1984 - - 30.4% 39.8%
1983 - - 31.2% 40.2%
1982 - - 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/sierra-leone/switzerland | CC BY

In 2025, Sierra Leone's government spending was $1.23B, accounting for 16.5% of its GDP, while Switzerland spent $326B, or 31.2% of GDP.

Debt-to-GDP ratio is 45.2% in Sierra Leone and 39.4% in Switzerland, ranking 115/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Sierra Leone

Switzerland
1x
Year Deficit/surplus, % of GDP
Sierra Leone Switzerland
2025 -4.2% 0.45%
2024 -5.16% 0.53%
2023 -4.99% 0.12%
2022 -5.93% 1.15%
2021 -4.35% -0.28%
2020 -3.5% -2.96%
2019 -1.95% 1.31%
2018 -3.57% 1.26%
2017 -5.61% 1.11%
2016 -5.41% 0.23%
2015 -2.86% 0.54%
2014 -2.77% -0.24%
2013 -1.74% -0.42%
2012 -3.41% 0.23%
2011 -2.78% 0.67%
2010 -3.09% 0.35%
2009 -1.51% 0.49%
2008 -2.22% 1.91%
2007 12.6% 1.55%
2006 -0.93% 0.83%
2005 -1.17% -0.64%
2004 -1.46% -1.37%
2003 -2.78% -1.34%
2002 -3.03% -1.72%
2001 -3.22% 0.2%
2000 -1.94% 0.28%
1999 - -1.55%
1998 - -1.29%
1997 - -2.3%
1996 - -1.98%
1995 - -1.83%
1994 - -2.55%
1993 - -3.1%
1992 - -2.92%
1991 - -1.82%
1990 - -0.05%
1989 - 0.2%
1988 - 0.42%
1987 - 0.78%
1986 - 0.93%
1985 - -0.25%
1984 - -0.52%
1983 - -1.23%
1982 - -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/sierra-leone/switzerland | CC BY

In 2025, Sierra Leone's government deficit, the difference between spending and revenue, was $313M, equivalent to 4.2% of GDP. This compares to Switzerland's surplus of $4.71B, or 0.45% of GDP.

Over the past 26 years, Sierra Leone recorded a fiscal deficit in 25 of those years, while Switzerland ran a deficit in 8 years. On average, Sierra Leone posted an annual deficit equal to 2.58% of GDP, compared to surplus of 0.16% of GDP for Switzerland.

Inflation comparison by year

Inflation
Sierra Leone

Switzerland
1x
Year Consumer prices inflation
Sierra Leone Switzerland
2025 7.6% 0.15%
2024 28.4% 1.06%
2023 47.7% 2.14%
2022 27.2% 2.84%
2021 11.9% 0.58%
2020 13.4% -0.73%
2019 14.8% 0.36%
2018 16% 0.94%
2017 18.2% 0.53%
2016 10.9% -0.43%
2015 6.7% -1.14%
2014 4.6% -0.01%
2013 5.5% -0.22%
2012 6.6% -0.69%
2011 6.8% 0.23%
2010 7.2% 0.69%
2009 7.5% -0.48%
2008 8.2% 2.43%
2007 17% 0.73%
2006 10.5% 1.06%
2005 13.7% 1.17%
2004 12.9% 0.8%
2003 4% 0.64%
2002 0.1% 0.64%
2001 2.6% 0.99%
2000 -0.9% 1.56%
1999 34.1% 0.81%
1998 36% 0.02%
1997 14.6% 0.52%

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/sierra-leone/switzerland | CC BY

Over the past 29 years, Sierra Leone has recorded an average annual inflation rate of 13.6%, compared with 0.59% in Switzerland. In 2025, inflation was 7.6% in Sierra Leone and 0.15% in Switzerland.

Top exports between countries

Sierra Leone
Export category Export value
Processed food, beverages & tobacco $364K
Animal & marine products $90K
Switzerland
Export category Export value
Processed food, beverages & tobacco $4.15M
Chemicals & pharma $1.91M
Precious metals & jewellery $1.1M
Machinery & equipment $918K
Textiles & consumer goods $189K
Wood & paper products $182K
Raw materials & minerals $64K
Metals $39K
Animal & marine products $7K
Miscellaneous $2K

Balance of trade

Sierra Leone Switzerland
Current account balance
-$984M
2024
$72.9B
2025
Current account balance ranking
115/190
2024
11/190
2025
Current account balance, % of GDP
-14.1%
2024
+6.98%
2025
Goods imports
$2.4B
2024
$508B
2025
Goods exports
$1.55B
2024
$617B
2025
Service imports
$514M
2024
$214B
2025
Service exports
$49.6M
2024
$195B
2025
Imports of goods and services, % of GDP
28.2%
2025
69.1%
2025
Exports of goods and services, % of GDP
20.9%
2025
78.1%
2025

Economic freedom indices

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

Sierra Leone Switzerland
Economic freedom 49.6 83.7
Economic freedom ranking 165/197 2/197
Property rights 32.9 94.4
Government integrity 35.8 93.3
Judicial effectiveness 42 98.3
Tax burden 88.2 70.9
Government spending 92.4 69.5
Fiscal health 54.1 97.2
Business freedom 44.8 86.3
Labor freedom 38.2 60
Monetary freedom 53.6 82.3
Trade freedom 63.6 87
Investment freedom 30 85
Financial freedom 20 80

Economic freedom comparison by year

Sierra Leone
Switzerland
1x
Year Economic freedom index
Sierra Leone Switzerland
2026 49.6 83.7
2025 48 83.7
2024 44.6 83
2023 50.2 83.8
2022 52 84.2
2021 51.7 81.9
2020 48 82
2019 47.5 81.9
2018 51.8 81.7
2017 52.6 81.5
2016 52.3 81
2015 51.7 80.5
2014 50.5 81.6
2013 48.3 81
2012 49.1 81.1
2011 49.6 81.9
2010 47.9 81.1
2009 47.8 79.4
2008 48.3 79.5
2007 47 78
2006 45.2 78.9
2005 44.8 79.3
2004 43.6 79.5
2003 42.2 79
2002 - 79.3
2001 - 76
2000 44.2 76.8
1999 47.2 79.1
1998 47.7 79
1997 45 78.6
1996 52.3 76.8
1995 49.8 -

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

GeoRank.org/economy/sierra-leone/switzerland | CC BY

The Economic Freedom Index for Sierra Leone is 49.6, ranking 165/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Sierra Leone Switzerland
Services, % of GDP
41.6%
2025
71.7%
2025
Industry, % of GDP
25.7%
2025
25%
2025
Agriculture, forestry, and fishing, % of GDP
29.5%
2025
0.64%
2025
GNI, Atlas method
$7.34B
2025
$1T
2025
GNI per capita, PPP
$3,690
2025
$101,690
2025
Total reserves including gold
$433M
2024
$1.08T
2025
Total reserves ranking
161/177
2024
4/177
2025
Net foreign direct investment
-$122M
2024
$37.6B
2025
Net inflows of foreign direct investment
$122M
2024
-$108B
2024
Net outflows of foreign direct investment
$0
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
2.22%
2024
n/a
Poverty at national poverty lines
56.8%
2018
15.8%
2021
Gross capital formation, % of GDP
23.2%
2025
29.5%
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/sierra-leone/switzerland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, 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 (2018–2025, 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.