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Economy of Spain vs Tanzania compared: GDP & Debt

Updated on by Georank team

Spain has a GDP of $1.72T compared to $78.8B for Tanzania, ranking 14/197 and 82/197 by economy size, respectively.

Spain has $1.75T in government debt (100.6% of GDP), compared to $38B (47.1% of GDP) in Tanzania.

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

Spain
GDP, current $

GDP, constant 2015 $
Tanzania
GDP, current $

GDP, constant 2015 $
Year GDP
Spain Tanzania
Current $ Constant $ Current $ Constant $
1960 $12,424,514,014 $191,405,167,020 $2,651,729,807 $8,038,068,841
1961 $14,238,126,760 $214,065,001,135 $2,826,179,031 $8,129,565,885
1962 $16,609,632,791 $235,371,828,523 $3,101,589,993 $8,869,091,957
1963 $19,631,714,760 $257,959,283,398 $3,456,579,293 $9,424,297,385
1964 $21,966,876,027 $271,653,078,386 $3,748,840,925 $9,943,685,370
1965 $25,479,619,607 $288,639,911,835 $3,817,226,546 $10,377,699,461
1966 $29,559,436,183 $309,554,933,924 $4,377,998,825 $11,586,045,114
1967 $32,570,905,397 $322,990,665,643 $4,565,132,048 $12,225,972,344
1968 $32,394,326,464 $344,298,424,898 $4,895,251,824 $12,994,443,432
1969 $37,090,689,288 $374,965,139,160 $5,142,066,811 $13,418,275,377
1970 $40,963,715,237 $390,882,299,705 $2,851,419,386 $7,187,762,856
1971 $46,586,119,760 $409,056,269,215 $3,050,673,517 $7,468,190,604
1972 $59,090,176,029 $442,393,315,596 $3,472,787,266 $7,999,575,904
1973 $78,583,355,226 $476,848,965,658 $4,144,104,535 $8,494,906,638
1974 $97,204,522,642 $503,642,086,899 $4,977,337,978 $8,674,437,207
1975 $114,695,060,870 $506,372,851,132 $5,729,917,840 $9,020,497,425
1976 $118,422,534,195 $523,102,353,883 $6,472,511,988 $9,318,716,167
1977 $132,354,665,936 $537,951,003,183 $7,732,598,995 $9,323,337,584
1978 $160,484,969,618 $545,821,244,290 $9,261,675,710 $9,517,636,648
1979 $214,448,666,336 $546,048,014,004 $9,804,637,491 $9,755,594,117
1980 $232,600,556,974 $558,108,729,943 $11,409,228,087 $10,022,700,328
1981 $202,663,023,968 $557,369,411,138 $13,161,540,378 $9,924,596,037
1982 $195,856,752,991 $564,316,807,889 $13,927,383,240 $9,888,107,300
1983 $170,829,074,246 $574,305,868,927 $14,049,883,809 $9,849,382,581
1984 $171,979,977,230 $584,555,434,060 $12,906,635,133 $10,309,641,477
1985 $180,664,322,896 $598,125,512,979 $15,328,295,175 $10,437,986,617
1986 $251,141,555,186 $617,584,460,037 $10,840,864,521 $11,011,628,451
1987 $318,520,253,335 $651,842,628,032 $7,824,193,222 $11,539,803,391
1988 $375,891,716,898 $685,049,604,315 $7,406,614,407 $12,377,066,378
1989 $414,460,794,097 $718,117,156,374 $6,418,799,007 $12,842,994,038
1990 $536,175,326,477 $745,271,992,216 $6,184,384,225 $13,747,792,169
1991 $576,753,902,322 $764,246,620,838 $7,197,768,159 $14,032,644,802
1992 $630,465,353,486 $771,348,118,767 $6,681,997,469 $14,114,640,651
1993 $524,700,572,624 $763,391,725,887 $6,182,872,708 $14,284,835,103
1994 $530,183,651,720 $781,584,842,223 $6,550,480,484 $14,508,773,001
1995 $614,170,002,669 $803,136,997,375 $7,631,431,840 $15,026,723,410
1996 $642,251,412,058 $824,078,081,164 $9,433,528,150 $15,709,592,840
1997 $589,739,772,727 $853,640,231,891 $11,158,197,942 $16,263,399,690
1998 $618,731,484,575 $890,363,642,200 $12,172,790,056 $16,866,529,754
1999 $634,394,904,387 $929,618,577,228 $12,704,334,196 $17,686,894,781
2000 $598,102,854,756 $977,964,704,474 $13,371,767,082 $18,486,481,203
2001 $627,798,682,379 $1,016,292,009,754 $13,563,990,022 $19,608,760,036
2002 $708,938,227,244 $1,044,295,490,090 $14,129,651,896 $20,999,647,619
2003 $907,963,217,058 $1,074,990,358,774 $15,211,487,709 $22,400,909,970
2004 $1,069,829,382,515 $1,108,471,271,904 $16,673,062,473 $24,081,832,736
2005 $1,154,667,551,776 $1,147,835,587,310 $18,395,383,647 $25,882,267,435
2006 $1,261,846,683,275 $1,194,247,574,981 $18,619,859,795 $27,572,954,444
2007 $1,476,746,276,855 $1,236,446,314,615 $21,860,434,823 $29,439,239,572
2008 $1,636,115,447,613 $1,245,931,907,237 $27,947,821,398 $31,113,277,454
2009 $1,496,587,590,848 $1,198,983,535,018 $29,400,573,554 $32,752,668,790
2010 $1,427,989,078,917 $1,200,112,046,038 $32,012,892,919 $34,828,049,321
2011 $1,487,568,659,241 $1,192,432,281,394 $34,657,140,096 $37,500,111,399
2012 $1,330,994,811,670 $1,158,267,740,899 $39,650,394,363 $39,187,673,998
2013 $1,362,186,923,158 $1,141,735,527,746 $45,648,857,242 $41,845,219,655
2014 $1,380,244,561,362 $1,159,095,455,877 $49,986,726,461 $44,662,433,112
2015 $1,206,164,777,553 $1,206,164,777,553 $47,413,919,817 $47,413,919,817
2016 $1,243,015,667,917 $1,241,326,362,266 $49,774,409,374 $50,669,888,784
2017 $1,321,754,088,819 $1,277,275,696,051 $53,274,884,533 $54,096,327,105
2018 $1,431,642,809,327 $1,307,871,701,701 $57,003,712,892 $57,054,358,530
2019 $1,403,496,387,686 $1,333,521,400,433 $61,026,731,926 $60,363,511,325
2020 $1,289,783,836,971 $1,187,633,217,292 $66,068,737,786 $61,565,931,105
2021 $1,461,244,901,853 $1,267,004,457,827 $70,655,628,148 $64,226,431,583
2022 $1,446,498,147,749 $1,345,296,618,860 $75,769,974,505 $67,159,014,151
2023 $1,620,090,734,957 $1,381,292,228,958 $79,062,403,837 $70,563,656,178
2024 $1,722,745,978,335 $1,424,805,636,602 $78,779,864,877 $74,463,225,268

Economic indicators

Spain Tanzania
Gross domestic product
$1.72T
2024
$78.8B
2024
GDP rank
14/197
2024
82/197
2024
GDP growth
6.34%
2023-2024
-0.36%
2023-2024
GDP per capita
$35,297
2024
$1,149
2024
GDP per capita rank
31/197
2024
170/197
2024
GDP per capita, PPP
$56,926
2024
$4,221
2024
Government debt
$1.75T
2024
$38B
2024
Debt-to-GDP ratio
100.6%
2025
47.1%
2025
Government debt per person
$35,940
2024
$554
2024
Government debt per person rank
19/185
2024
163/185
2024
Average annual personal income after taxes
$24,195
2025
$2,745
2025
Market capitalization of domestic companies
$754B
2024
$7.32B
2024
Number of millionaires
1,180,703
2024
n/a
Number of billionaires
34
2025
1
2025
Income share by richest 10%
24.5%
2023
33.1%
2018
Income share by poorest 10%
2.2%
2023
2.9%
2018
Government expenditure, % of GDP
45.1%
2025
19.2%
2025
Consumer prices inflation
2.77%
2023-2024
3.06%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
11.3%
2024
1.79%
2020
Population
48786181
72166806

GDP per capita in Spain vs Tanzania

Spain's GDP per capita is $35,297, ranking 31/197, compared to $1,149 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Spain ranks 33rd at $56,926, while Tanzania ranks 165th at $4,221.

Spain
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
Year Current $
Spain Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $408 - $267.8 -
1961 $463 - $277.4 -
1962 $535 - $295.7 -
1963 $627 - $320 -
1964 $695 - $337 -
1965 $797 - $333 -
1966 $916 - $370 -
1967 $997 - $374 -
1968 $978 - $388 -
1969 $1,109 - $394 -
1970 $1,211 - $211.3 -
1971 $1,361 - $218.4 -
1972 $1,708 - $239.8 -
1973 $2,246 - $276.1 -
1974 $2,748 - $320 -
1975 $3,208 - $355 -
1976 $3,277 - $387 -
1977 $3,625 - $446 -
1978 $4,353 - $515 -
1979 $5,766 - $527 -
1980 $6,204 - $595 -
1981 $5,367 - $665 -
1982 $5,156 - $683 -
1983 $4,475 - $667 -
1984 $4,487 - $593 -
1985 $4,696 - $681 -
1986 $6,509 - $466 -
1987 $8,234 - $326 -
1988 $9,696 - $299 -
1989 $10,674 - $252.3 -
1990 $13,795 $13,667 $236.9 $925
1991 $14,801 $14,452 $268.8 $952
1992 $16,101 $14,845 $243.4 $955
1993 $13,330 $14,963 $218.2 $959
1994 $13,406 $15,572 $222.5 $958
1995 $15,461 $16,265 $251.2 $981
1996 $16,101 $16,965 $305 $1,026
1997 $14,722 $17,899 $353 $1,059
1998 $15,382 $19,082 $375 $1,082
1999 $15,708 $19,938 $382 $1,120
2000 $14,743 $21,578 $390 $1,164
2001 $15,368 $22,955 $385 $1,229
2002 $17,111 $24,378 $391 $1,302
2003 $21,522 $25,061 $410 $1,379
2004 $24,925 $26,163 $438 $1,482
2005 $26,451 $27,630 $469 $1,598
2006 $28,422 $30,755 $462 $1,707
2007 $32,652 $32,537 $528 $1,820
2008 $35,603 $33,350 $657 $1,908
2009 $32,280 $32,201 $674 $1,972
2010 $30,659 $31,808 $715 $2,069
2011 $31,825 $32,016 $753 $2,211
2012 $28,456 $31,870 $837 $2,083
2013 $29,229 $32,614 $935 $2,176
2014 $29,708 $33,761 $993 $2,221
2015 $25,982 $35,238 $911 $2,317
2016 $26,756 $37,613 $925 $2,435
2017 $28,381 $39,825 $957 $2,472
2018 $30,602 $41,015 $992 $2,728
2019 $29,787 $44,043 $1,031 $2,982
2020 $27,234 $39,328 $1,084 $3,291
2021 $30,799 $44,252 $1,125 $3,493
2022 $30,270 $50,468 $1,171 $3,800
2023 $33,509 $53,230 $1,187 $4,019
2024 $35,297 $56,926 $1,149 $4,221

Spending and national debt comparison

In 2024, Spain's government spending was $782B, accounting for 45.1% of its GDP, while Tanzania's spent $14.8B, or 19.2% of GDP.

Debt-to-GDP ratio is 100.6% in Spain and 47.1% in Tanzania, ranking 22/185 and 115/185, respectively.

Spain
Government spending

Government debt
Tanzania
Government spending

Government debt
Year % of GDP
Spain Tanzania
Government spending Government debt Government spending Government debt
1960 11% 29.4% - -
1961 9.97% 26.7% - -
1962 10.6% 24.4% - -
1963 12.4% 21% - -
1964 12.7% 19.5% - -
1965 14% 18.1% - -
1966 11.8% 17.7% - -
1967 12.5% 17.6% - -
1968 12.8% 18.3% - -
1969 12.3% 18.8% - -
1970 12.3% 19.2% - -
1971 14% 17.9% - -
1972 12.5% 17.6% - -
1973 9.88% 16.3% - -
1974 11.4% 13.6% - -
1975 11.4% 11.9% - -
1976 11.5% 8.21% - -
1977 12.8% 8.75% - -
1978 14.3% 9.93% - -
1979 14.3% 9.88% - -
1980 16.3% 10.2% - -
1981 18.1% 10.9% - -
1982 21.5% 12% - -
1983 26% 13.4% - -
1984 27% 18.3% - -
1985 27.6% 31.5% - -
1986 28.4% 36.5% - -
1987 31.1% 42.1% - -
1988 28.6% 38.2% - -
1989 32.1% 39.2% - -
1990 41.1% 41.3% - -
1991 42.6% 41.9% 14.2% 106.5%
1992 43.9% 44.1% 17.6% 117.6%
1993 46.3% 54.6% 16.4% 129.2%
1994 44.8% 57% 16.8% 126%
1995 44.1% 61.6% 15.6% 111.1%
1996 42.9% 65.4% 13.4% 89.6%
1997 41.5% 64.3% 12.8% 73.4%
1998 41% 62.4% 11.4% 62.2%
1999 40% 60.9% 12.8% 62.9%
2000 39.1% 57.8% 12.3% 55.4%
2001 38.4% 54.1% 12.4% 50.8%
2002 38.6% 51.2% 13.6% 47.4%
2003 38.4% 47.7% 15.4% 44.4%
2004 38.8% 45.3% 17% 44.5%
2005 38.4% 42.4% 18.3% 46.1%
2006 38.4% 39% 17.6% 34.5%
2007 39.2% 35.7% 17.8% 23.8%
2008 41.3% 39.6% 18.1% 21.7%
2009 46.1% 53.1% 19.6% 24%
2010 45.8% 60.3% 19.8% 27.6%
2011 45.9% 69.5% 19% 28.4%
2012 49.2% 89.6% 19.6% 30%
2013 46.2% 100% 18.8% 32.7%
2014 45.1% 104.4% 17.3% 36.4%
2015 43.7% 102.4% 17.2% 39.5%
2016 42.1% 102% 16.9% 39.8%
2017 41% 101.1% 16.4% 40.1%
2018 41.5% 99.7% 17.3% 42%
2019 42% 97.6% 17.3% 40.4%
2020 51.4% 119.2% 17.4% 41.3%
2021 49.5% 115.6% 18.4% 43.4%
2022 46.4% 109.4% 19.1% 44.9%
2023 45.4% 105% 18.8% 47.4%
2024 45.4% 101.8% 18.8% 48.2%
2025 45.1% 100.6% 19.2% 47.1%

Government deficit by year

In 2024, Spain's government deficit, the difference between spending and revenue, was -$54.3B, equivalent to -3.15% of GDP. This compares to Tanzania's deficit of -$2.38B, or -3.03% of GDP.

Over the past 34 years, Spain recorded a fiscal deficit in 31 of those years, while Tanzania ran a deficit in 31 years. On average, Spain posted an annual deficit equal to -4.29% of GDP, compared to deficit of -2.3% of GDP for Tanzania.

Deficit/surplus
Spain

Tanzania
Year Deficit/surplus, % of GDP
Spain Tanzania
1850 0.31% -
1851 -0.25% -
1852 -0.11% -
1853 -0.02% -
1854 -0.32% -
1855 -0.76% -
1856 -0.46% -
1857 -0.41% -
1858 -0.44% -
1859 0.39% -
1860 -0.94% -
1861 -1.77% -
1862 -1.76% -
1863 -1.55% -
1864 -2.48% -
1865 -1.84% -
1866 -0.83% -
1867 -0.79% -
1868 -1.46% -
1869 -2.64% -
1870 -3.42% -
1871 -2.64% -
1872 -2.27% -
1873 2.22% -
1874 -0.1% -
1875 -1.42% -
1876 0.1% -
1877 0.11% -
1878 -0.08% -
1879 -0.52% -
1880 -0.02% -
1881 0.08% -
1882 0.38% -
1883 -0.38% -
1884 -0.23% -
1885 -0.78% -
1886 -0.08% -
1887 -0.73% -
1888 -0.97% -
1889 -0.38% -
1890 -0.4% -
1891 -0.41% -
1892 -0.67% -
1893 0.87% -
1894 -0.08% -
1895 0.83% -
1896 0.46% -
1897 -0.64% -
1898 0.13% -
1899 2.75% -
1900 1.04% -
1901 0.69% -
1902 0.74% -
1903 0.28% -
1904 0.52% -
1905 0.71% -
1906 0.91% -
1907 0.66% -
1908 0.59% -
1909 -0.29% -
1910 0.09% -
1911 0.19% -
1912 -0.33% -
1913 -0.09% -
1914 -1.04% -
1915 -2.97% -
1916 -1.15% -
1917 -1.49% -
1918 -1.8% -
1919 -1.82% -
1920 -2.4% -
1921 -3.33% -
1922 -2.26% -
1923 -1.89% -
1924 -1.76% -
1925 -1.19% -
1926 -0.65% -
1927 -0.54% -
1928 -0.31% -
1929 -0.07% -
1930 0.3% -
1931 0.1% -
1932 -0.3% -
1933 -0.72% -
1934 -1.17% -
1935 -0.49% -
1936 -0.49% -
1937 -0.49% -
1938 -0.49% -
1939 -0.49% -
1940 -3.54% -
1941 -4.34% -
1942 -2.48% -
1943 -7.73% -
1944 -5.44% -
1945 -4.56% -
1946 -2.24% -
1947 -1.09% -
1948 -1.21% -
1949 -0.35% -
1950 -0.44% -
1951 -0.24% -
1952 0.81% -
1953 1.02% -
1954 0.7% -
1955 0.6% -
1956 -0.05% -
1957 1.13% -
1958 0.23% -
1959 0.54% -
1960 0.69% -
1961 1.9% -
1962 1.27% -
1963 -0.54% -
1964 0.18% -
1965 -0.04% -
1966 0.07% -
1967 -0.32% -
1968 -0.55% -
1969 -0.06% -
1970 0.09% -
1971 -0.96% -
1972 0.24% -
1973 1.09% -
1974 0.11% -
1975 0.26% -
1976 0.43% -
1977 -0.24% -
1978 -1.63% -
1979 -1.51% -
1980 -2.55% -
1981 -2.88% -
1982 -5.76% -
1983 -4.77% -
1984 -5.25% -
1985 -6.04% -
1986 -5.18% -
1987 -3.52% -
1988 -2.95% -
1989 -3.24% -
1990 -3.9% -
1991 -4.58% 0.6%
1992 -4.26% -4.96%
1993 -6.89% -2.02%
1994 -6.31% -3.74%
1995 -6.79% -2.12%
1996 -5.87% 1.57%
1997 -3.86% -0.03%
1998 -2.63% 0.13%
1999 -1.24% -1.14%
2000 -1.16% -0.73%
2001 -0.45% -0.41%
2002 -0.32% -0.73%
2003 -0.37% -1.77%
2004 -0.1% -2.43%
2005 1.23% -3.28%
2006 2.12% -3.38%
2007 1.88% -1.44%
2008 -4.56% -1.92%
2009 -11.2% -4.46%
2010 -9.49% -4.74%
2011 -9.69% -3.51%
2012 -11.5% -4%
2013 -7.49% -3.76%
2014 -6.07% -2.91%
2015 -5.26% -3.17%
2016 -4.26% -2.08%
2017 -3.1% -1.14%
2018 -2.58% -2.01%
2019 -3.04% -2.06%
2020 -10% -2.56%
2021 -6.66% -3.55%
2022 -4.64% -3.92%
2023 -3.52% -3.63%
2024 -3.15% -3.03%
2025 -2.69% -2.89%

Inflation comparison by year

Over the past 29 years, Spain has recorded an average annual inflation rate of 2.38%, compared with 7.45% in Tanzania. In 2024, inflation was 2.77% in Spain and 3.06% in Tanzania.

Inflation
Spain

Tanzania
Year Inflation
Spain Tanzania Spain Tanzania
1996 3.56% 21%
1997 1.97% 16.1%
1998 1.83% 12.8%
1999 2.31% 7.89%
2000 3.43% 5.92%
2001 3.59% 5.15%
2002 3.07% 5.32%
2003 3.04% 5.3%
2004 3.04% 4.74%
2005 3.37% 5.03%
2006 3.52% 7.25%
2007 2.79% 7.03%
2008 4.08% 10.3%
2009 -0.29% 12.1%
2010 1.8% 6.2%
2011 3.2% 12.7%
2012 2.45% 16%
2013 1.41% 7.87%
2014 -0.15% 6.13%
2015 -0.5% 5.59%
2016 -0.2% 5.17%
2017 1.96% 5.32%
2018 1.67% 3.49%
2019 0.7% 3.46%
2020 -0.32% 3.29%
2021 3.09% 3.69%
2022 8.39% 4.35%
2023 3.53% 3.8%
2024 2.77% 3.06%

Top exports between countries

Spain
Export category Export value
Machinery & equipment $21.3M
Metals $13M
Textiles & consumer goods $7.76M
Chemicals & pharma $7.01M
Raw materials & minerals $4.28M
Wood & paper products $3.68M
Processed food, beverages & tobacco $2.68M
Miscellaneous $2.31M
Raw agricultural goods $174K
Animal & marine products $27K
Tanzania
Export category Export value
Raw materials & minerals $192M
Processed food, beverages & tobacco $20.9M
Animal & marine products $7.65M
Raw agricultural goods $4.94M
Textiles & consumer goods $2.43M
Metals $279K
Wood & paper products $69K
Precious metals & jewellery $58K
Machinery & equipment $19K
Chemicals & pharma $2K

Balance of trade

Spain Tanzania
Current account balance
$52.8B
2024
-$2.96B
2023
Current account balance ranking
10/189
2024
154/189
2023
Current account balance, % of GDP
+3.07%
2024
-3.74%
2023
Goods imports
$457B
2024
$13.7B
2023
Goods exports
$422B
2024
$7.7B
2023
Service imports
$111B
2024
$2.33B
2023
Service exports
$221B
2024
$6.28B
2023
Imports of goods and services, % of GDP
33%
2024
21.7%
2024
Exports of goods and services, % of GDP
37.3%
2024
19.8%
2024

Economic freedom indices

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

Spain Tanzania
Economic freedom 66.3 59.3
Economic freedom ranking 59/197 102/197
Property rights 87.2 46.7
Government integrity 64.7 39.8
Judicial effectiveness 74 30.4
Tax burden 57.7 80.4
Government spending 33.5 89.4
Fiscal health 40.8 74.3
Business freedom 83.6 48.9
Labor freedom 63.1 62.1
Monetary freedom 76.5 72.5
Trade freedom 84.6 61.8
Investment freedom 70 55
Financial freedom 60 50

Economic freedom by year comparison

The Economic Freedom Index for Spain is 66.3, ranking 59/197, compared to 59.3 for Tanzania, ranking 102/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Spain
Tanzania
Year Economic freedom index
Spain Tanzania
1995 62.8 57.3
1996 59.6 57.5
1997 59.6 59.3
1998 62.6 59.6
1999 65.1 60
2000 65.9 56
2001 68.1 54.9
2002 68.8 58.3
2003 68.8 56.9
2004 68.9 60.1
2005 67 56.3
2006 68.2 58.5
2007 69.2 56.8
2008 69.1 56.5
2009 70.1 58.3
2010 69.6 58.3
2011 70.2 57
2012 69.1 57
2013 68 57.9
2014 67.2 57.8
2015 67.6 57.5
2016 68.5 58.5
2017 63.6 58.6
2018 65.1 59.9
2019 65.7 60.2
2020 66.9 61.7
2021 69.9 61.3
2022 68.2 59.5
2023 65 60
2024 63.3 59.1
2025 66.3 59.3

More economic indicators

Spain Tanzania
Services, % of GDP
69.1%
2024
28.4%
2024
Industry, % of GDP
19.5%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
23.4%
2024
GNI, Atlas method
$1.63T
2024
$80B
2024
GNI per capita, PPP
$56,630
2024
$4,120
2024
Total reserves including gold
$108B
2024
$5.05B
2018
Total reserves ranking
26/177
2024
101/177
2018
Net foreign direct investment
$22.6B
2024
-$1.63B
2023
Net inflows of foreign direct investment
$34.1B
2024
$1.72B
2024
Net outflows of foreign direct investment
$56.7B
2024
$2.26M
2003
Servicing debt to the IMF, % of GNI
n/a
2.89%
2023
Poverty at national poverty lines
20.2%
2022
26.4%
2018
Gross capital formation, % of GDP
20.5%
2024
39.8%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

Economy vs Spain vs Tanzania
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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.