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Economy of South Africa vs Tunisia compared: GDP & Debt

Updated on by Georank team

South Africa has a GDP of $401B compared to $51.3B for Tunisia, ranking 40/197 and 93/197 by economy size, respectively.

South Africa has $305B in government debt (76% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

South Africa vs Tunisia GDP by year

South Africa
Tunisia
1x
Year GDP, current $
South Africa Tunisia
2024 $401,144,998,374 $51,332,285,657
2023 $381,440,724,491 $48,205,328,303
2022 $407,596,043,068 $44,929,920,093
2021 $419,986,284,375 $47,073,234,359
2020 $337,974,655,408 $42,491,780,918
2019 $389,330,032,224 $41,905,642,419
2018 $405,260,723,893 $42,686,504,460
2017 $381,448,814,653 $42,163,530,591
2016 $323,585,509,674 $44,360,072,680
2015 $346,709,790,459 $45,779,494,042
2014 $381,198,869,776 $50,271,812,921
2013 $400,886,013,596 $48,685,446,414
2012 $434,400,545,086 $47,311,401,813
2011 $458,199,494,831 $48,123,325,825
2010 $417,363,822,802 $46,206,091,938
2009 $329,754,060,647 $43,455,740,497
2008 $316,131,258,616 $44,859,439,902
2007 $333,077,117,254 $38,915,353,867
2006 $303,858,675,364 $34,376,664,601
2005 $288,867,217,197 $32,272,186,695
2004 $255,806,908,595 $31,183,885,241
2003 $197,018,965,309 $27,453,902,261
2002 $129,087,556,612 $23,141,616,605
2001 $135,429,905,923 $22,065,832,449
2000 $151,752,757,215 $21,473,528,161
1999 $151,516,957,079 $22,943,202,175
1998 $152,982,984,557 $21,802,893,587
1997 $168,978,057,328 $20,746,210,354
1996 $163,234,925,381 $19,587,161,807
1995 $171,735,933,897 $18,030,876,599
1994 $153,512,712,382 $15,633,174,304
1993 $147,194,747,566 $14,608,335,608
1992 $146,956,150,987 $15,496,708,060
1991 $135,203,698,238 $13,074,782,609
1990 $126,048,140,142 $12,290,568,182
1989 $108,055,624,082 $10,101,851,745
1988 $103,976,831,871 $10,096,245,762
1987 $96,535,763,418 $9,696,715,911
1986 $73,354,771,399 $9,017,806,654
1985 $64,459,376,087 $8,410,226,053
1984 $84,870,163,366 $8,254,541,195
1983 $96,204,110,942 $8,350,582,748
1982 $85,904,057,409 $8,133,580,052
1981 $93,141,472,164 $8,428,445,294
1980 $89,411,864,402 $8,744,134,354
1979 $63,038,658,089 $7,188,863,904
1978 $51,607,412,902 $5,968,460,080
1977 $45,328,411,332 $5,109,324,009
1976 $41,150,460,288 $4,508,191,942
1975 $42,906,905,672 $4,328,965,588
1974 $41,389,186,095 $3,545,868,575
1973 $33,262,772,008 $2,730,813,385
1972 $24,515,919,217 $2,237,556,149
1971 $23,411,076,638 $1,685,162,272
1970 $21,218,391,513 $1,439,238,095
1969 $19,256,992,297 $1,289,904,762
1968 $17,124,793,150 $1,214,666,667
1967 $15,821,393,671 $1,085,714,286
1966 $14,211,394,315 $1,040,952,381
1965 $13,068,994,772 $991,047,619
1964 $11,955,995,218 $1,025,866,792
1963 $10,854,195,658 $1,026,737,600
1962 $9,813,996,074 $880,027,733
1961 $9,225,996,310 $866,155,429
1960 $8,748,596,501 -

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

GeoRank.org/economy/south-africa/tunisia | CC BY

GDP per capita in South Africa vs Tunisia by year

South Africa
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
South Africa Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,267 $15,456 $4,181 $14,521
2023 $6,034 $15,200 $3,951 $14,041
2022 $6,534 $14,749 $3,707 $13,619
2021 $6,829 $13,682 $3,907 $12,444
2020 $5,581 $12,671 $3,549 $11,918
2019 $6,534 $13,361 $3,529 $12,495
2018 $6,914 $13,347 $3,628 $11,841
2017 $6,618 $13,738 $3,619 $11,289
2016 $5,651 $13,519 $3,848 $10,994
2015 $6,112 $13,398 $4,015 $10,783
2014 $6,857 $13,359 $4,459 $10,947
2013 $7,332 $13,369 $4,370 $10,672
2012 $8,077 $12,987 $4,297 $10,615
2011 $8,646 $13,143 $4,421 $10,436
2010 $7,973 $12,637 $4,292 $10,555
2009 $6,375 $12,261 $4,080 $10,237
2008 $6,185 $12,525 $4,255 $9,975
2007 $6,592 $12,047 $3,727 $9,479
2006 $6,077 $11,250 $3,323 $8,729
2005 $5,837 $10,441 $3,147 $8,117
2004 $5,221 $9,714 $3,067 $7,672
2003 $4,062 $9,139 $2,726 $7,098
2002 $2,688 $8,792 $2,321 $6,715
2001 $2,847 $8,428 $2,236 $6,593
2000 $3,218 $8,095 $2,199 $6,279
1999 $3,242 $7,667 $2,376 $5,930
1998 $3,310 $7,463 $2,285 $5,579
1997 $3,700 $7,433 $2,202 $5,333
1996 $3,618 $7,208 $2,107 $5,040
1995 $3,856 $6,875 $1,968 $4,686
1994 $3,489 $6,611 $1,733 $4,555
1993 $3,400 $6,375 $1,649 $4,401
1992 $3,462 $6,275 $1,785 $4,292
1991 $3,243 $6,383 $1,538 $3,975
1990 $3,093 $6,382 $1,476 $3,780
1989 $2,727 - $1,239 -
1988 $2,702 - $1,266 -
1987 $2,586 - $1,245 -
1986 $2,027 - $1,187 -
1985 $1,839 - $1,135 -
1984 $2,504 - $1,143 -
1983 $2,938 - $1,184 -
1982 $2,717 - $1,177 -
1981 $3,050 - $1,247 -
1980 $3,029 - $1,324 -
1979 $2,202 - $1,113 -
1978 $1,852 - $946 -
1977 $1,671 - $830 -
1976 $1,559 - $752 -
1975 $1,670 - $741 -
1974 $1,656 - $624 -
1973 $1,369 - $493 -
1972 $1,038 - $415 -
1971 $1,020 - $320 -
1970 $952 - $280.5 -
1969 $891 - $257.7 -
1968 $817 - $248.9 -
1967 $779 - $228 -
1966 $722 - $223.8 -
1965 $685 - $217.3 -
1964 $646 - $228.5 -
1963 $605 - $231.9 -
1962 $563 - $201.4 -
1961 $546 - $200.7 -
1960 $532 - - -

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

GeoRank.org/economy/south-africa/tunisia | CC BY

South Africa's GDP per capita is $6,267, ranking 111/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), South Africa ranks 112th at $15,456, while Tunisia ranks 114th at $14,521.

Economic indicators

South Africa Tunisia
Gross domestic product
$401B
2024
$51.3B
2024
GDP rank
40/197
2024
93/197
2024
GDP growth
0.53%
2023-2024
1.61%
2023-2024
GDP per capita
$6,267
2024
$4,181
2024
GDP per capita rank
111/197
2024
129/197
2024
GDP per capita, PPP
$15,456
2024
$14,521
2024
GDP per capita PPP rank
112/197
2024
114/197
2024
Government debt
$305B
2024
$42.8B
2024
Debt-to-GDP ratio
76%
2024
83.4%
2024
Government debt per person
$4,761
2024
$3,487
2024
Government debt per person rank
83/185
2024
94/185
2024
Average annual personal income after taxes
$15,431
2026
$3,951
2026
Market capitalization of domestic companies
$986B
2024
$8.3B
2024
Number of millionaires
90,595
2025
n/a
Number of billionaires
7
2025
n/a
Income share by richest 10%
50.5%
2014
27%
2021
Income share by poorest 10%
0.9%
2014
3.1%
2021
Government expenditure, % of GDP
33%
2024
33.8%
2024
Consumer prices inflation
4.36%
2023-2024
7%
2023-2024
Central bank interest rate
6.75%
2025
7.5%
2025
Unemployment rate
32.3%
2024
15.1%
2023
Population
65683993
12437803

Spending and national debt comparison by year

South Africa
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
South Africa Tunisia
Government spending Government debt Government spending Government debt
2024 33% 76% 33.8% 83.4%
2023 32.5% 73.2% 35.7% 84%
2022 31.9% 70.7% 36.5% 83%
2021 32.7% 68.8% 33.2% 79.7%
2020 34.6% 68.9% 34.5% 77.7%
2019 31.4% 56.1% 29.5% 67.3%
2018 30.2% 51.5% 28.7% 72.9%
2017 29.9% 48.6% 28.7% 67.1%
2016 29.9% 47.1% 27.2% 58.9%
2015 30.2% 45.2% 27.4% 52.4%
2014 29.3% 43.3% 27.7% 50.7%
2013 28.9% 40.4% 30.8% 45.6%
2012 28.6% 37.4% 28.3% 49%
2011 28.1% 34.7% 27.9% 43.3%
2010 28.3% 31.2% 24% 38.8%
2009 28.5% 27% 24.6% 40.3%
2008 26% 24% 23.7% 41.4%
2007 24.4% 24.3% 23.3% 42.7%
2006 24.7% 28% 22.9% 45.7%
2005 25.1% 29.6% 23% 50%
2004 22.7% 30.7% 23% 51.6%
2003 22.6% 31.5% 23.5% 52.6%
2002 22.2% 31.8% 24.1% 51.6%
2001 22.6% 38% 24% 52.2%
2000 22.6% 37.9% 24% 62.9%
1999 26.7% 45.9% 24% 61.9%
1998 27.1% 45.8% 24.2% 58.2%
1997 27.9% 45.8% 24.5% 66.6%
1996 28.5% 44.3% 26.7% 66.8%
1995 27.2% 47% 26.6% 65.6%
1994 31.3% 46.4% 25.9% 63.9%
1993 29.1% 39.8% 26.7% 63.8%
1992 29.8% 34.8% 25.7% 62.1%
1991 27.8% 34.7% 27.6% 63.3%
1990 28.7% 31.8% - -
1989 29.6% 33.3% - -
1988 23.9% 30.6% - -
1987 28% 33.5% - -
1986 27.8% 32.5% - -
1985 26.8% 26.3% - -
1984 25.2% 23.2% - -
1983 25.1% 28.7% - -
1982 23.8% 31.3% - -
1981 23.3% 27.4% - -
1980 21.8% 33.3% - -
1979 26.5% 41.9% - -
1978 26.8% 44.7% - -
1977 27.3% 45.3% - -
1976 23% 35% - -
1975 21.2% 32.8% - -
1974 19.1% 33.7% - -
1973 21% 38.2% - -
1972 22.9% 41.1% - -
1971 19.9% 41.1% - -
1970 20% 43.3% - -
1969 18.8% 44.4% - -
1968 19.4% 42.7% - -
1967 18.8% 41.1% - -
1966 18.3% 41.4% - -
1965 18.2% 42.7% - -
1964 11.3% 30% - -
1963 15.9% 43.4% - -
1962 15.9% 45.7% - -
1961 15.7% 52.8% - -
1960 16.7% 52.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/south-africa/tunisia | CC BY

In 2024, South Africa's government spending was $132B, accounting for 33% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 76% in South Africa and 83.4% in Tunisia, ranking 48/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
South Africa

Tunisia
1x
Year Deficit/surplus, % of GDP
South Africa Tunisia
2024 -5.79% -5.92%
2023 -5.55% -7.03%
2022 -4.25% -6.91%
2021 -5.54% -7.6%
2020 -9.62% -9.06%
2019 -5.07% -3.6%
2018 -3.73% -4.27%
2017 -4.02% -5.61%
2016 -3.72% -5.87%
2015 -4.37% -4.95%
2014 -3.93% -3.11%
2013 -3.9% -7.05%
2012 -4.04% -4.9%
2011 -3.7% -3.19%
2010 -4.51% -0.46%
2009 -4.67% -2.59%
2008 -0.49% -0.62%
2007 1.22% -2.47%
2006 0.81% -2.33%
2005 -0.1% -2.59%
2004 -1.04% -2.1%
2003 -1.59% -2.64%
2002 -0.96% -2.55%
2001 -1.02% -2.87%
2000 -1.38% -3.22%
1999 -2.21% -3.05%
1998 -2.56% -2.84%
1997 -4.08% -3.7%
1996 -4.53% -5.18%
1995 -4.38% -4.53%
1994 -8.09% -2.87%
1993 -8.54% -3.22%
1992 -7.09% -3.45%
1991 -4.85% -5.25%
1990 -3.82% -
1989 -8.3% -
1988 -3.29% -
1987 -6.36% -
1986 -5.69% -
1985 -4.86% -
1984 -5.24% -
1983 -5.3% -
1982 -3.88% -
1981 -3.72% -
1980 -1.91% -
1979 -4.65% -
1978 -5.42% -
1977 -5.52% -
1976 -4.19% -
1975 -2.62% -
1974 -1.5% -
1973 -4.54% -
1972 -5.39% -
1971 -1.96% -
1970 -3.19% -
1969 -3.94% -
1968 -3.38% -
1967 -3.8% -
1966 -3.04% -
1965 -3.15% -
1964 -1.19% -
1963 -2.26% -
1962 -1.4% -
1961 -3.25% -
1960 -2.36% -
1959 -4.4% -
1958 -3.5% -
1957 -2.8% -
1956 -2.12% -
1955 -2.9% -
1954 -2.53% -
1953 -3.72% -
1952 -4.14% -
1951 -0.4% -
1950 -2.33% -
1949 -6.87% -
1948 -6.03% -
1947 -1.82% -
1946 -4.03% -
1945 -7.41% -
1944 -8.94% -
1943 -8.49% -
1942 -9.08% -
1941 -7.3% -
1940 -10.9% -
1939 -2.96% -
1938 -3.91% -
1937 -2.16% -
1936 -2.58% -
1935 -3.2% -
1934 -3.29% -
1933 -3.31% -
1932 -4.72% -
1931 -5.31% -
1930 -5.19% -
1929 -4.41% -
1928 -3.29% -
1927 -3.79% -
1926 -4.76% -
1925 -4.92% -
1924 -4.72% -
1923 -5.53% -
1922 -4.51% -
1921 -5.38% -
1920 -5.52% -
1919 -2.6% -
1918 -3.7% -
1917 -3.52% -
1916 -2.57% -
1915 -10.7% -
1914 -11.6% -
1913 -4.15% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/south-africa/tunisia | CC BY

In 2024, South Africa's government deficit, the difference between spending and revenue, was $23.2B, equivalent to 5.79% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, South Africa recorded a fiscal deficit in 32 of those years, while Tunisia ran a deficit in 34 years. On average, South Africa posted an annual deficit equal to 3.74% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
South Africa

Tunisia
1x
Year Consumer prices inflation
South Africa Tunisia
2024 4.36% 7%
2023 6.08% 9.3%
2022 7.04% 8.3%
2021 4.62% 5.7%
2020 3.23% 5.6%
2019 4.1% 6.7%
2018 4.51% 7.3%
2017 5.19% 5.3%
2016 6.6% 3.6%
2015 4.52% 4.4%
2014 6.13% 4.6%
2013 5.78% 5.3%
2012 5.74% 4.6%
2011 5% 3.2%
2010 4.07% 4.4%
2009 7.24% 3.5%
2008 9.91% 4.9%
2007 6.18% 3.4%
2006 3.24% 4.1%
2005 2.06% 2%
2004 -0.69% 3.7%
2003 5.68% 2.7%
2002 9.49% 2.7%
2001 5.7% 1.9%
2000 5.34% 2.8%
1999 5.18% 2.8%
1998 6.88% 3.1%
1997 8.6% 3.6%

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/south-africa/tunisia | CC BY

Over the past 28 years, South Africa has recorded an average annual inflation rate of 5.42%, compared with 4.52% in Tunisia. In 2024, inflation was 4.36% in South Africa and 7% in Tunisia.

Top exports between countries

South Africa
Export category Export value
Machinery & equipment $11.5M
Metals $4.69M
Wood & paper products $4.64M
Chemicals & pharma $927K
Processed food, beverages & tobacco $684K
Raw agricultural goods $474K
Raw materials & minerals $368K
Textiles & consumer goods $87K
Precious metals & jewellery $4K
Animal & marine products $2K
Tunisia
Export category Export value
Raw materials & minerals $11M
Machinery & equipment $8.08M
Textiles & consumer goods $656K
Wood & paper products $525K
Chemicals & pharma $343K
Processed food, beverages & tobacco $148K
Raw agricultural goods $53K
Metals $17K
Miscellaneous $13K

Balance of trade

South Africa Tunisia
Current account balance
-$2.58B
2024
-$775M
2024
Current account balance ranking
152/190
2024
117/190
2024
Current account balance, % of GDP
-0.64%
2024
-1.51%
2024
Goods imports
$99.8B
2024
$18.7B
2024
Goods exports
$112B
2024
$8.95B
2024
Service imports
$20B
2024
$3.92B
2024
Service exports
$16.1B
2024
$11.2B
2024
Imports of goods and services, % of GDP
29.9%
2024
56.3%
2024
Exports of goods and services, % of GDP
31.8%
2024
50%
2024

Economic freedom indices

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

South Africa Tunisia
Economic freedom 58.6 48.1
Economic freedom ranking 110/197 172/197
Property rights 48.8 55.7
Government integrity 46.7 42.1
Judicial effectiveness 64.6 39.7
Tax burden 65.4 68.5
Government spending 68.4 62.5
Fiscal health 45.3 16
Business freedom 67.9 59.4
Labor freedom 70.8 55.8
Monetary freedom 75.8 72.4
Trade freedom 68.8 54.6
Investment freedom 40 20
Financial freedom 40 30

Economic freedom comparison by year

South Africa
Tunisia
1x
Year Economic freedom index
South Africa Tunisia
2026 58.6 48.1
2025 57.3 49.1
2024 55.3 48.8
2023 55.7 52.9
2022 56.2 54.2
2021 59.7 56.6
2020 58.8 55.8
2019 58.3 55.4
2018 63 58.9
2017 62.3 55.7
2016 61.9 57.6
2015 62.6 57.7
2014 62.5 57.3
2013 61.8 57
2012 62.7 58.6
2011 62.7 58.5
2010 62.8 58.9
2009 63.8 58
2008 63.4 60.1
2007 63.5 60.3
2006 63.7 57.5
2005 62.9 55.4
2004 66.3 58.4
2003 67.1 58.1
2002 64 60.2
2001 63.8 60.8
2000 63.7 61.3
1999 63.3 61.1
1998 64.3 63.9
1997 63.2 63.8
1996 62.5 63.9
1995 60.7 63.4

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

GeoRank.org/economy/south-africa/tunisia | CC BY

The Economic Freedom Index for South Africa is 58.6, ranking 110/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

South Africa Tunisia
Services, % of GDP
63%
2024
62.6%
2024
Industry, % of GDP
24.3%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
9.74%
2024
GNI, Atlas method
$391B
2024
$47.7B
2024
GNI per capita, PPP
$15,150
2024
$14,230
2024
Total reserves including gold
$65.4B
2024
$9.34B
2024
Total reserves ranking
36/177
2024
80/177
2024
Net foreign direct investment
-$3.59B
2024
-$725M
2024
Net inflows of foreign direct investment
$2.33B
2024
$760M
2024
Net outflows of foreign direct investment
-$1.26B
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
5.74%
2024
10.9%
2024
Poverty at national poverty lines
55.5%
2014
16.6%
2021
Gross capital formation, % of GDP
14.1%
2024
7.86%
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/south-africa/tunisia | 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 (1913–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.