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Economy of Australia vs Seychelles compared: GDP & Debt

Updated on by Georank

Australia has a GDP of $1.8T compared to $2.39B for the Seychelles, ranking 15/197 and 177/197 by economy size, respectively.

Australia has $918B in government debt (51% of GDP), compared to $1.23B (51.5% of GDP) in the Seychelles.

Australia vs Seychelles GDP by year

Australia
Seychelles
1x
Year GDP, current $
Australia Seychelles
2025 $1,798,518,933,689 $2,387,022,853
2024 $1,757,022,451,653 $2,228,608,684
2023 $1,734,451,264,656 $2,171,547,935
2022 $1,695,627,535,476 $1,999,888,599
2021 $1,560,617,493,203 $1,487,173,795
2020 $1,333,336,461,648 $1,382,551,752
2019 $1,398,349,602,956 $1,868,690,097
2018 $1,433,144,978,762 $1,784,313,927
2017 $1,330,890,554,614 $1,675,370,641
2016 $1,211,588,128,418 $1,568,513,348
2015 $1,356,805,839,936 $1,432,403,352
2014 $1,474,677,007,566 $1,387,577,870
2013 $1,583,737,461,925 $1,333,160,407
2012 $1,552,728,401,402 $1,089,407,839
2011 $1,402,939,868,653 $1,058,918,707
2010 $1,152,566,632,022 $981,616,542
2009 $931,761,689,771 $850,901,620
2008 $1,058,448,244,064 $979,597,394
2007 $856,603,595,823 $1,077,308,814
2006 $749,708,370,333 $1,081,441,283
2005 $696,811,489,613 $977,899,382
2004 $615,643,050,221 $893,012,218
2003 $468,517,181,130 $750,847,230
2002 $396,436,967,263 $742,134,838
2001 $380,360,222,861 $662,064,156
2000 $416,901,962,163 $654,212,394
1999 $390,347,787,943 $662,838,615
1998 $400,361,527,505 $647,287,376
1997 $436,321,902,767 $598,966,982
1996 $401,962,517,479 $535,250,347
1995 $368,725,126,225 $540,733,048
1994 $323,269,456,935 $517,570,058
1993 $312,568,858,910 $504,230,621
1992 $325,982,966,981 $461,409,399
1991 $326,416,407,861 $398,307,170
1990 $311,840,666,465 $392,163,561
1989 $300,264,309,002 $324,333,367
1988 $236,461,079,970 $301,985,618
1987 $189,726,707,253 $265,212,957
1986 $182,707,050,923 $221,147,061
1985 $180,861,108,959 $179,691,483
1984 $193,749,932,078 $160,992,921
1983 $177,523,719,680 $156,098,237
1982 $194,323,071,831 $157,211,790
1981 $177,151,979,566 $163,750,728
1980 $150,200,557,103 $156,783,830
1979 $135,093,718,051 $127,261,099
1978 $118,660,813,780 $85,552,366
1977 $110,504,702,914 $64,526,401
1976 $105,209,354,856 $49,278,982
1975 $97,440,939,506 $47,803,146
1974 $89,086,219,602 $43,134,496
1973 $63,923,126,201 $36,896,280
1972 $52,117,990,654 $30,645,123
1971 $45,283,847,245 $21,965,951
1970 $41,395,206,623 $18,432,032
1969 $36,738,245,878 $16,452,028
1968 $32,763,365,242 $16,074,028
1967 $30,487,524,878 $16,632,032
1966 $27,349,284,376 $16,443,034
1965 $26,014,244,162 $15,603,032
1964 $23,835,843,814 $15,393,032
1963 $21,573,443,452 $13,923,029
1962 $19,953,923,193 $12,642,026
1961 $19,713,123,154 $11,592,024
1960 $18,635,682,982 $12,012,025

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

GeoRank.org/economy/australia/seychelles | CC BY

GDP per capita in Australia vs Seychelles by year

Australia
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Australia Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $65,130 - $19,449 -
2024 $64,610 $72,111 $18,365 $33,239
2023 $65,058 $72,273 $18,131 $31,781
2022 $65,170 $66,103 $16,683 $29,973
2021 $60,759 $58,327 $14,983 $29,980
2020 $51,983 $54,184 $14,041 $31,056
2019 $55,195 $52,886 $19,142 $34,219
2018 $57,410 $50,371 $18,440 $32,091
2017 $54,118 $48,565 $17,480 $30,675
2016 $50,084 $47,446 $16,567 $28,811
2015 $56,970 $46,465 $15,333 $25,435
2014 $62,817 $47,109 $15,188 $24,985
2013 $68,477 $46,123 $14,821 $22,487
2012 $68,301 $43,007 $12,337 $22,264
2011 $62,799 $42,153 $12,110 $21,781
2010 $52,314 $39,504 $10,935 $18,982
2009 $42,955 $40,434 $9,747 $18,453
2008 $49,811 $37,616 $11,265 $18,881
2007 $41,128 $36,708 $12,669 $19,473
2006 $36,659 $34,890 $12,783 $17,503
2005 $34,535 $33,090 $11,802 $15,846
2004 $30,886 $31,815 $10,828 $14,160
2003 $23,758 $30,167 $9,070 $14,142
2002 $20,335 $29,080 $8,864 $14,570
2001 $19,734 $27,688 $8,153 $14,615
2000 $21,909 $26,585 $8,064 $14,638
1999 $20,750 $25,531 $8,243 $13,853
1998 $21,516 $24,386 $8,210 $13,675
1997 $23,683 $23,142 $7,747 $13,458
1996 $22,056 $22,134 $7,004 $11,931
1995 $20,479 $21,050 $7,181 $10,809
1994 $18,156 $20,174 $6,975 $10,692
1993 $17,725 $19,220 $6,979 $11,020
1992 $18,650 $18,259 $6,520 $10,243
1991 $18,885 $17,839 $5,655 $9,387
1990 $18,274 $17,385 $5,642 $8,955
1989 $17,858 - $4,689 -
1988 $14,303 - $4,392 -
1987 $11,666 - $3,872 -
1986 $11,406 - $3,368 -
1985 $11,455 - $2,754 -
1984 $12,436 - $2,488 -
1983 $11,532 - $2,426 -
1982 $12,798 - $2,441 -
1981 $11,871 - $2,557 -
1980 $10,223 - $2,478 -
1979 $9,308 - $2,030 -
1978 $8,264 - $1,377 -
1977 $7,786 - $1,044 -
1976 $7,497 - $814 -
1975 $7,014 - $806 -
1974 $6,492 - $745 -
1973 $4,778 - $649 -
1972 $3,955 - $547 -
1971 $3,500 - $402 -
1970 $3,310 - $344 -
1969 $2,996 - $314 -
1968 $2,728 - $314 -
1967 $2,584 - $333 -
1966 $2,347 - $338 -
1965 $2,284 - $328 -
1964 $2,134 - $332 -
1963 $1,970 - $308 -
1962 $1,858 - $287 -
1961 $1,880 - $270.3 -
1960 $1,813 - $288.1 -

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

GeoRank.org/economy/australia/seychelles | CC BY

Australia's GDP per capita is $65,130, ranking 14/197, compared to $19,449 in the Seychelles, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Australia ranks 22nd at $72,111, while the Seychelles ranks 67th at $33,239.

Economic indicators

Australia Seychelles
Gross domestic product
$1.8T
2025
$2.39B
2025
GDP rank
15/197
2025
177/197
2025
GDP growth
1.35%
2024-2025
5.8%
2024-2025
GDP per capita
$65,130
2025
$19,449
2025
GDP per capita rank
14/197
2025
64/197
2025
GDP per capita, PPP
$72,111
2024
$33,239
2024
GDP per capita PPP rank
22/197
2024
67/197
2024
Government debt
$918B
2025
$1.23B
2025
Debt-to-GDP ratio
51%
2025
51.5%
2025
Government debt per person
$33,239
2025
$10,019
2025
Government debt per person rank
22/185
2025
59/185
2025
Average annual personal income after taxes
$50,637
2026
$11,537
2026
Market capitalization of domestic companies
$2.05T
2025
$646M
2025
Number of millionaires
1,634,000
2026
n/a
Number of billionaires
47
2026
n/a
Income share by richest 10%
25.9%
2020
23.9%
2018
Income share by poorest 10%
2.6%
2020
2.6%
2018
Government expenditure, % of GDP
39.5%
2025
32.7%
2025
Consumer prices inflation
2.87%
2024-2025
0.3%
2024-2025
Central bank interest rate
4.35%
2026
1.75%
2024
Unemployment rate
4.2%
2025
2.59%
2024
Population
28010980
125859

Spending and national debt comparison by year

Australia
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Australia Seychelles
Government spending Government debt Government spending Government debt
2025 39.5% 51% 32.7% 51.5%
2024 38.7% 50.6% 33% 56.1%
2023 37.4% 49.4% 33.1% 55.1%
2022 37.4% 50% 31.6% 60.6%
2021 41.7% 55.4% 38.8% 71%
2020 44.3% 56.9% 46.7% 77.4%
2019 38.8% 46.5% 31.7% 48.9%
2018 36.7% 41.6% 33% 51.3%
2017 36.6% 41% 34.3% 56.7%
2016 37.1% 40.5% 34.5% 64.3%
2015 37.1% 37.6% 31.5% 75.4%
2014 36.6% 33.9% 33.4% 70.4%
2013 36.2% 30.3% 37.8% 68.2%
2012 36.4% 27.4% 38.6% 80.1%
2011 36.2% 24% 36.4% 82.5%
2010 36.8% 20.3% 34.6% 82.2%
2009 37.6% 16.6% 32.1% 106.1%
2008 35% 11.7% 27% 192.1%
2007 34.2% 9.65% 41.9% 144%
2006 34.5% 9.92% 43.6% 135.1%
2005 34.5% 10.8% 39% 144.1%
2004 34.8% 11.9% 39.9% 163.2%
2003 34.9% 13.2% 44.6% 177%
2002 34.9% 15% 56.3% 195.9%
2001 35.6% 17.1% 46.8% 199.8%
2000 35.1% 19.5% 55.4% 177.8%
1999 36.2% 22.5% 56.1% 159.8%
1998 34.6% 23.7% 60.7% 161.2%
1997 32.8% 25.9% 54.7% 143%
1996 33.5% 29.3% 59.1% 146.7%
1995 33.6% 31.1% 53.1% 133.5%
1994 33.7% 31.7% 63.6% 123.5%
1993 34.1% 30.6% 60.4% 82.2%
1992 34% 27.6% 50.7% 79.9%
1991 33% 21.6% 52.1% 89.2%
1990 30.4% 16.4% 46.1% 80.4%
1989 34.5% 17% 51.7% 39.9%
1988 34.6% 20.5% 46.7% 41.3%
1987 36% 25.2% 49.7% 37%
1986 38.4% 25.5% 58% 31.5%
1985 38.7% 24% 53% 26.5%
1984 38.4% 22.3% 50.5% 15.3%
1983 37% 21% 47.9% 12.4%
1982 36.7% 16.8% - -
1981 33.4% 19.1% - -
1980 33.2% 21.2% - -
1979 32.5% 22.8% - -
1978 33.2% 24.7% - -
1977 34.1% 23.6% - -
1976 33.3% 22.9% - -
1975 33% 23.6% - -
1974 30.9% 22.3% - -
1973 26.6% 27.3% - -
1972 27% 30.7% - -
1971 26.1% 32.2% - -
1970 25.3% 34.9% - -
1969 24.7% 36.7% - -
1968 25.3% 39.4% - -
1967 26.4% 40.5% - -
1966 25.6% 42.4% - -
1965 25.8% 43.7% - -
1964 23.5% 44.9% - -
1963 23% 47.5% - -
1962 22.7% 50.2% - -
1961 23.3% 49.3% - -
1960 21.8% 48.3% - -

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/australia/seychelles | CC BY

In 2025, Australia's government spending was $710B, accounting for 39.5% of its GDP, while the Seychelles spent $781M, or 32.7% of GDP.

Debt-to-GDP ratio is 51% in Australia and 51.5% in the Seychelles, ranking 104/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Australia

Seychelles
1x
Year Deficit/surplus, % of GDP
Australia Seychelles
2025 -2.78% -0.99%
2024 -2.25% -0.68%
2023 -1.26% -1.15%
2022 -2.21% -0.77%
2021 -6.35% -5.76%
2020 -8.7% -15.7%
2019 -4.39% 0.42%
2018 -1.25% -0.8%
2017 -1.71% -1.67%
2016 -2.41% 0.02%
2015 -2.78% 1.39%
2014 -2.91% 2.87%
2013 -2.8% 0.33%
2012 -3.5% 2.93%
2011 -4.51% 3.36%
2010 -5.1% 0.52%
2009 -4.55% 4.84%
2008 -1.1% 7.88%
2007 1.47% -9.93%
2006 1.77% -2.54%
2005 1.7% 0.42%
2004 1.32% 0.44%
2003 1.05% 3.4%
2002 0.19% -16.3%
2001 -0.03% -8.93%
2000 1.25% -14.7%
1999 0.66% -10.3%
1998 -0.25% -16.7%
1997 -0.49% -5.91%
1996 -1.45% -9.69%
1995 -2.6% -2.58%
1994 -3.79% -6.95%
1993 -4.72% -3.62%
1992 -4.74% 6.44%
1991 -2.78% 3.15%
1990 -0.23% 11.9%
1989 -1.29% 8.26%
1988 -0.77% 11.8%
1987 -1.66% 2.77%
1986 -3.5% -10.1%
1985 -5.24% -4.86%
1984 -5.48% -6.09%
1983 -5.66% -3.13%
1982 -5.19% -
1981 -3.25% -
1980 -2.87% -
1979 -2.32% -
1978 -4.19% -
1977 -4.39% -
1976 -3.44% -
1975 -3.47% -
1974 -2.46% -
1973 0.16% -
1972 -0.97% -
1971 -0.23% -
1970 -0.23% -
1969 0.53% -
1968 -0.7% -
1967 -1.65% -
1966 -1.77% -
1965 -1.46% -
1964 0.19% -
1963 -0.26% -
1962 -0.38% -
1961 -0.78% -
1960 0.47% -
1959 0.06% -
1958 -0.25% -
1957 -0.33% -
1956 1% -
1955 0.08% -
1954 -0.27% -
1953 -0.86% -
1952 -0.44% -
1951 1.85% -
1950 4.29% -
1949 0.72% -
1948 2% -
1947 -0.45% -
1946 -4.09% -
1945 -8.87% -
1944 -11.8% -
1943 -12.4% -
1942 -5.17% -
1941 -2.14% -
1940 0.51% -
1939 0.77% -
1938 0.24% -
1937 0.28% -
1936 0.17% -
1935 0.24% -
1934 0.28% -
1933 0.28% -
1932 0.02% -
1931 -0.8% -
1930 -1% -
1929 -0.53% -
1928 -0.69% -
1927 -0.5% -
1926 -0.31% -
1925 -0.26% -
1924 -0.5% -
1923 -0.33% -
1922 -0.94% -
1921 -2% -
1920 -2.43% -
1919 -4.8% -
1918 -4.36% -
1917 -4.99% -
1916 -3.47% -
1915 -1.11% -
1914 -0.29% -
1913 0% -
1912 0.12% -
1911 0.39% -
1910 0.39% -
1909 0.37% -
1908 -0.15% -
1907 0.41% -
1906 0.23% -
1905 0.11% -
1904 -0.13% -
1903 -0.02% -
1902 0.16% -
1901 1.46% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1901–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/australia/seychelles | CC BY

In 2025, Australia's government deficit, the difference between spending and revenue, was $50B, equivalent to 2.78% of GDP. This compares to the Seychelles' deficit of $23.5M, or 0.99% of GDP.

Over the past 43 years, Australia recorded a fiscal deficit in 35 of those years, while the Seychelles ran a deficit in 24 years. On average, Australia posted an annual deficit equal to 2.23% of GDP, compared to deficit of 2.01% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Australia

Seychelles
1x
Year Consumer prices inflation
Australia Seychelles
2025 2.87% 0.3%
2024 3.17% 0.31%
2023 5.6% -1.04%
2022 6.59% 2.63%
2021 2.86% 9.77%
2020 0.85% 1.2%
2019 1.61% 1.81%
2018 1.91% 3.7%
2017 1.95% 2.86%
2016 1.28% -1.02%
2015 1.51% 4.04%
2014 2.49% 1.39%
2013 2.45% 4.34%
2012 1.76% 7.11%
2011 3.3% 2.56%
2010 2.92% -2.4%
2009 1.77% 31.8%
2008 4.35% 37%
2007 2.33% 5.32%
2006 3.56% -0.35%
2005 2.69% 0.91%
2004 2.34% 3.86%
2003 2.73% 3.3%
2002 2.98% 0.18%
2001 4.41% 5.97%
2000 4.46% 6.27%
1999 1.48% 6.35%
1998 0.86% 2.58%
1997 0.22% 0.62%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/australia/seychelles | CC BY

Over the past 29 years, Australia has recorded an average annual inflation rate of 2.67%, compared with 4.87% in the Seychelles. In 2025, inflation was 2.87% in Australia and 0.3% in the Seychelles.

Top exports between countries

Australia
Export category Export value
Animal & marine products $3.3M
Machinery & equipment $702K
Processed food, beverages & tobacco $353K
Textiles & consumer goods $173K
Metals $141K
Chemicals & pharma $136K
Raw agricultural goods $90K
Miscellaneous $62K
Raw materials & minerals $6K
Precious metals & jewellery $3K
Seychelles
Export category Export value
Processed food, beverages & tobacco $1.32M
Machinery & equipment $213K
Animal & marine products $133K
Textiles & consumer goods $3K

Balance of trade

Australia Seychelles
Current account balance
-$48.2B
2025
-$166M
2024
Current account balance ranking
187/190
2025
90/190
2024
Current account balance, % of GDP
-2.68%
2025
-7.46%
2024
Goods imports
$309B
2025
$1.38B
2024
Goods exports
$337B
2025
$595M
2024
Service imports
$116B
2025
$1B
2024
Service exports
$91.6B
2025
$1.71B
2024
Imports of goods and services, % of GDP
22.7%
2025
92.7%
2025
Exports of goods and services, % of GDP
23.2%
2025
79.6%
2025

Economic freedom indices

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

Australia Seychelles
Economic freedom 80.1 66.5
Economic freedom ranking 5/197 60/197
Property rights 88.2 82.6
Government integrity 88.1 71.7
Judicial effectiveness 96.3 61.7
Tax burden 61.8 77.3
Government spending 56.6 68
Fiscal health 89 92.2
Business freedom 92.3 71.3
Labor freedom 61.5 52
Monetary freedom 77.2 79.8
Trade freedom 89.8 81.2
Investment freedom 80 30
Financial freedom 80 30

Economic freedom comparison by year

Australia
Seychelles
1x
Year Economic freedom index
Australia Seychelles
2026 80.1 66.5
2025 79.3 66.4
2024 76.2 60.4
2023 74.8 59.5
2022 77.7 61.1
2021 82.4 66.3
2020 82.6 64.3
2019 80.9 61.4
2018 80.9 61.6
2017 81 61.8
2016 80.3 62.2
2015 81.4 57.5
2014 82 56.2
2013 82.6 54.9
2012 83.1 53
2011 82.5 51.2
2010 82.6 47.9
2009 82.6 47.8
2008 82.2 -
2007 81.1 -
2006 79.9 -
2005 79 -
2004 77.9 -
2003 77.4 -
2002 77.3 -
2001 77.4 -
2000 77.1 -
1999 76.4 -
1998 75.6 -
1997 75.5 -
1996 74 -
1995 74.1 -

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

GeoRank.org/economy/australia/seychelles | CC BY

The Economic Freedom Index for Australia is 80.1, ranking 5/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Australia Seychelles
Services, % of GDP
67.5%
2025
67.9%
2025
Industry, % of GDP
23.9%
2025
14.3%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
2.61%
2025
GNI, Atlas method
$1.77T
2025
$2.36B
2025
GNI per capita, PPP
$69,930
2025
$34,930
2025
Total reserves including gold
$72.6B
2025
$774M
2024
Total reserves ranking
37/177
2025
146/177
2024
Net foreign direct investment
-$41.1B
2025
-$268M
2024
Net inflows of foreign direct investment
$53.7B
2024
$226M
2024
Net outflows of foreign direct investment
$13.9B
2024
-$41.4M
2024
Poverty at national poverty lines n/a
25.3%
2018
Gross capital formation, % of GDP
24.5%
2025
18.7%
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/australia/seychelles | 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 (1901–1989, 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 (2022–2025, 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.

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.