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Economy of Austria vs Bulgaria compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $113B for Bulgaria, ranking 30/197 and 67/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $27.3B (24.1% of GDP) in Bulgaria.

Austria vs Bulgaria GDP by year

Austria
Bulgaria
1x
Year GDP, current $
Austria Bulgaria
2024 $534,790,720,467 $113,343,355,780
2023 $516,670,509,629 $102,199,231,385
2022 $473,221,298,968 $90,506,153,294
2021 $480,466,363,177 $84,374,613,233
2020 $434,397,601,558 $70,486,877,546
2019 $442,983,642,372 $68,507,731,354
2018 $452,582,294,973 $66,097,226,262
2017 $414,926,138,133 $59,167,647,388
2016 $393,687,359,770 $53,929,397,039
2015 $379,546,097,301 $50,765,918,159
2014 $438,556,021,078 $57,080,897,012
2013 $426,580,502,769 $55,819,262,375
2012 $406,750,487,604 $54,297,052,002
2011 $428,954,737,064 $57,681,293,007
2010 $389,827,789,218 $50,689,051,382
2009 $399,290,118,782 $52,023,801,230
2008 $429,234,399,096 $54,480,684,188
2007 $386,760,177,589 $44,431,257,129
2006 $333,905,979,332 $34,380,536,496
2005 $313,952,317,331 $29,868,657,858
2004 $299,210,411,455 $26,157,743,369
2003 $260,779,834,340 $21,144,957,990
2002 $212,837,224,023 $16,403,043,850
2001 $196,477,206,829 $14,183,446,026
2000 $196,181,599,831 $13,245,990,274
1999 $216,421,809,126 $13,637,098,579
1998 $217,068,085,816 $15,031,055,047
1997 $211,724,812,267 $11,316,127,379
1996 $235,952,581,232 $12,294,964,838
1995 $240,094,169,510 $18,991,484,420
1994 $202,738,023,130 $9,709,240,034
1993 $189,634,029,339 $10,832,064,942
1992 $194,314,032,056 $8,602,887,623
1991 $173,113,449,617 $7,628,738,475
1990 $165,811,372,383 $20,632,090,909
1989 $132,584,448,258 $21,988,444,444
1988 $132,817,124,707 $22,555,941,176
1987 $123,682,091,859 $28,101,000,000
1986 $98,648,254,169 $20,249,294,118
1985 $69,114,996,010 $17,155,421,053
1984 $67,719,055,773 $17,594,944,444
1983 $71,838,528,420 $16,563,666,667
1982 $70,996,111,963 $19,342,000,000
1981 $70,755,997,062 $19,870,000,000
1980 $81,737,498,405 $19,839,230,769
1979 $73,647,694,287 -
1978 $61,809,208,756 -
1977 $51,343,861,460 -
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

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

GeoRank.org/economy/austria/bulgaria | CC BY

GDP per capita in Austria vs Bulgaria by year

Austria
GDP per capita

GDP per capita, PPP
Bulgaria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Bulgaria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 $17,596 $41,969
2023 $56,580 $73,545 $15,853 $38,829
2022 $52,337 $72,065 $13,999 $36,320
2021 $53,649 $62,969 $12,966 $30,959
2020 $48,716 $58,523 $10,760 $27,352
2019 $49,886 $60,355 $10,354 $26,766
2018 $51,194 $56,636 $9,849 $23,998
2017 $47,164 $53,870 $8,697 $22,317
2016 $45,061 $52,398 $7,822 $20,746
2015 $43,915 $49,549 $7,269 $18,896
2014 $51,315 $48,355 $8,070 $17,991
2013 $50,305 $47,520 $7,796 $16,894
2012 $48,250 $46,156 $7,432 $16,327
2011 $51,117 $44,172 $7,850 $15,747
2010 $46,611 $41,735 $6,854 $14,954
2009 $47,857 $40,687 $6,988 $14,188
2008 $51,581 $41,047 $7,271 $14,347
2007 $46,623 $39,192 $5,889 $12,822
2006 $40,382 $37,388 $4,523 $11,406
2005 $38,157 $34,777 $3,900 $10,291
2004 $36,614 $33,519 $3,390 $9,200
2003 $32,110 $31,959 $2,719 $8,416
2002 $26,335 $30,952 $2,093 $7,786
2001 $24,430 $29,553 $1,771 $6,960
2000 $24,487 $29,221 $1,621 $6,424
1999 $27,079 $27,500 $1,661 $5,808
1998 $27,212 $26,531 $1,820 $6,178
1997 $26,572 $25,301 $1,361 $5,751
1996 $29,646 $24,427 $1,470 $6,849
1995 $30,207 $23,604 $2,259 $7,743
1994 $25,546 $22,553 $1,150 $7,338
1993 $23,987 $21,647 $1,279 $7,032
1992 $24,783 $21,209 $1,007 $6,917
1991 $22,323 $20,536 $884 $7,215
1990 $21,596 $19,396 $2,367 $7,548
1989 $17,401 - $2,477 -
1988 $17,510 - $2,511 -
1987 $16,329 - $3,132 -
1986 $13,032 - $2,260 -
1985 $9,136 - $1,915 -
1984 $8,956 - $1,964 -
1983 $9,500 - $1,853 -
1982 $9,373 - $2,169 -
1981 $9,348 - $2,235 -
1980 $10,827 - $2,239 -
1979 $9,755 - - -
1978 $8,173 - - -
1977 $6,784 - - -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

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

GeoRank.org/economy/austria/bulgaria | CC BY

Austria's GDP per capita is $58,269, ranking 16/197, compared to $17,596 in Bulgaria, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Bulgaria ranks 54th at $41,969.

Economic indicators

Austria Bulgaria
Gross domestic product
$535B
2024
$113B
2024
GDP rank
30/197
2024
67/197
2024
GDP growth
-0.66%
2023-2024
3.39%
2023-2024
GDP per capita
$58,269
2024
$17,596
2024
GDP per capita rank
16/197
2024
64/197
2024
GDP per capita, PPP
$73,911
2024
$41,969
2024
GDP per capita PPP rank
19/197
2024
54/197
2024
Government debt
$432B
2024
$27.3B
2024
Debt-to-GDP ratio
80.8%
2024
24.1%
2024
Government debt per person
$47,075
2024
$4,237
2024
Government debt per person rank
10/185
2024
90/185
2024
Average annual personal income after taxes
$40,736
2026
$14,263
2026
Market capitalization of domestic companies
$121B
2024
$8.41B
2024
Number of billionaires
9
2025
2
2025
Income share by richest 10%
24.8%
2023
31.1%
2023
Income share by poorest 10%
2.8%
2023
2.1%
2023
Government expenditure, % of GDP
56%
2024
36.7%
2024
Consumer prices inflation
2.94%
2023-2024
2.6%
2023-2024
Central bank interest rate n/a
1.81%
2025
Unemployment rate
5.16%
2024
4.17%
2024
Population
9163419
6359449

Spending and national debt comparison by year

Austria
Spending

Debt
Bulgaria
Spending

Debt
1x
Year % of GDP
Austria Bulgaria
Government spending Government debt Government spending Government debt
2024 56% 80.8% 36.7% 24.1%
2023 52.7% 78.5% 37.4% 22.9%
2022 53% 78.4% 37.6% 22.5%
2021 56% 82.4% 38.4% 23.8%
2020 57.3% 83.2% 37.6% 22.7%
2019 49.1% 71% 36% 18.4%
2018 49.2% 74.6% 34.4% 20.1%
2017 49.8% 79.1% 32% 22.9%
2016 50.6% 83.4% 32.7% 27%
2015 51.2% 85.6% 37.3% 25.4%
2014 52.4% 85.2% 37.1% 26.3%
2013 52.4% 82.4% 35.5% 17.2%
2012 51.8% 82.9% 32.5% 16.5%
2011 51.3% 83.4% 32% 14.3%
2010 53.4% 83.7% 34.6% 14.1%
2009 54.6% 80.8% 33.8% 14.5%
2008 50.4% 69.5% 33.5% 14.7%
2007 49.7% 65.8% 33.1% 17.6%
2006 50.9% 68.2% 32.5% 22.6%
2005 51.7% 69.4% 34% 28.5%
2004 54.3% 65.9% 34.6% 37.8%
2003 51.8% 66.4% 35.8% 45.4%
2002 51.6% 67.4% 35.1% 53.4%
2001 51.8% 67.2% 36.5% 67.1%
2000 50.9% 66.1% 37.1% 73.3%
1999 50.5% 61.3% 36.2% 78.7%
1998 54.4% 69.2% 30.6% 67.3%
1997 52.5% 63.4% 32.9% 88.4%
1996 55.9% 68.2% 44% 113.8%
1995 56.1% 68.2% 45.4% 72%
1994 54.3% 64.1% - -
1993 54.3% 61% - -
1992 49.3% 56.3% - -
1991 47.9% 56.4% - -
1990 46.8% 56.2% - -
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

GeoRank.org/economy/austria/bulgaria | CC BY

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Bulgaria spent $41.5B, or 36.7% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 24.1% in Bulgaria, ranking 44/185 and 169/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Bulgaria
1x
Year Deficit/surplus, % of GDP
Austria Bulgaria
2024 -4.64% -3.04%
2023 -2.62% -3.03%
2022 -3.31% -0.8%
2021 -5.69% -2.8%
2020 -8.2% -2.92%
2019 0.54% -0.96%
2018 0.2% 0.12%
2017 -0.78% 0.82%
2016 -1.45% 1.54%
2015 -0.48% -2.77%
2014 -1.92% -3.65%
2013 -1.99% -1.75%
2012 -2.18% -0.43%
2011 -2.48% -1.83%
2010 -4.46% -3.77%
2009 -5.38% -0.86%
2008 -1.57% 2.73%
2007 -1.56% 3.09%
2006 -2.61% 3.22%
2005 -2.59% 2.19%
2004 -4.94% 1.59%
2003 -1.84% 0.003%
2002 -1.43% -0.61%
2001 -0.71% -0.58%
2000 -2.07% -0.6%
1999 -2.63% 0.15%
1998 -2.68% 1.08%
1997 -2.38% 0.83%
1996 -4.38% -10.1%
1995 -6.17% -7.98%
1994 -5.04% -
1993 -4.57% -
1992 -2.15% -
1991 -2.96% -
1990 -2.58% -
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - 0%
1943 - 0%
1942 - -0.3%
1941 - 3.96%
1940 - 0.75%
1939 - 0.72%
1938 - 1%
1937 -2.84% 1.41%
1936 -3.91% 1.17%
1935 -5.46% 1.34%
1934 -5.28% -0.12%
1933 -3.55% -0.56%
1932 -9.16% -2.14%
1931 -11.5% -3.07%
1930 -9.68% -5.48%
1929 -6.83% -6.67%
1928 -7.63% -1.09%
1927 -7.3% -0.02%
1926 -6.18% -0.25%
1925 -4.96% -0.97%
1924 -5.69% 1.26%
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1997, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/bulgaria | CC BY

In 2024, Austria's government deficit, the difference between spending and revenue, was $24.8B, equivalent to 4.64% of GDP. This compares to Bulgaria's deficit of $3.44B, or 3.04% of GDP.

Over the past 30 years, Austria recorded a fiscal deficit in 28 of those years, while Bulgaria ran a deficit in 18 years. On average, Austria posted an annual deficit equal to 2.75% of GDP, compared to deficit of 1.04% of GDP for Bulgaria.

Inflation comparison by year

Inflation
Austria

Bulgaria
1x
Year Consumer prices inflation
Austria Bulgaria
2024 2.94% 2.6%
2023 7.81% 8.6%
2022 8.55% 13%
2021 2.77% 2.8%
2020 1.38% 1.2%
2019 1.53% 2.5%
2018 2% 2.6%
2017 2.08% 1.2%
2016 0.89% -1.3%
2015 0.9% -1.1%
2014 1.61% -1.6%
2013 2% 0.4%
2012 2.49% 2.4%
2011 3.29% 3.4%
2010 1.81% 3%
2009 0.51% 2.5%
2008 3.22% 12%
2007 2.17% 7.6%
2006 1.44% 7.4%
2005 2.3% 6%
2004 2.06% 6.1%
2003 1.36% 2.3%
2002 1.81% 5.8%
2001 2.65% 7.4%
2000 2.34% 10.3%
1999 0.57% 2.6%
1998 0.92% 18.7%
1997 1.31% 1,061%

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/austria/bulgaria | CC BY

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 42.5% in Bulgaria. In 2024, inflation was 2.94% in Austria and 2.6% in Bulgaria.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $613M
Chemicals & pharma $232M
Transport & tourism services $130M
Metals $120M
Business & finance services $108M
Processed food, beverages & tobacco $107M
Textiles & consumer goods $99.3M
IT & IP services $92.3M
Wood & paper products $62.2M
Raw materials & minerals $33M
Bulgaria
Export category Export value
Machinery & equipment $398M
Textiles & consumer goods $134M
Transport & tourism services $94.8M
Metals $82.3M
IT & IP services $49.3M
Chemicals & pharma $39.6M
Processed food, beverages & tobacco $36M
Raw agricultural goods $19.7M
Manufacturing & construction services $13.9M
Raw materials & minerals $13.6M

Balance of trade

Austria Bulgaria
Current account balance
$8.19B
2024
-$1.74B
2024
Current account balance ranking
25/190
2024
138/190
2024
Current account balance, % of GDP
+1.53%
2024
-1.54%
2024
Goods imports
$195B
2024
$52.8B
2024
Goods exports
$201B
2024
$47.3B
2024
Service imports
$90.5B
2024
$8.26B
2024
Service exports
$96.6B
2024
$16.6B
2024
Imports of goods and services, % of GDP
53.1%
2024
53.9%
2024
Exports of goods and services, % of GDP
55.7%
2024
56.4%
2024

Economic freedom indices

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

Austria Bulgaria
Economic freedom 69.8 68.9
Economic freedom ranking 38/197 44/197
Property rights 95.7 75.8
Government integrity 75 48.4
Judicial effectiveness 94.8 58.5
Tax burden 45.7 89.1
Government spending 12.8 58.4
Fiscal health 67.1 90.4
Business freedom 78.7 78.2
Labor freedom 81.6 62.4
Monetary freedom 76.4 75.8
Trade freedom 79.4 79.4
Investment freedom 60 60
Financial freedom 70 50

Economic freedom comparison by year

Austria
Bulgaria
1x
Year Economic freedom index
Austria Bulgaria
2026 69.8 68.9
2025 69.7 68.8
2024 68.4 68.5
2023 71.1 69.3
2022 73.8 71
2021 73.9 70.4
2020 73.3 70.2
2019 72 69
2018 71.8 68.3
2017 72.3 67.9
2016 71.7 65.9
2015 71.2 66.8
2014 72.4 65.7
2013 71.8 65
2012 70.3 64.7
2011 71.9 64.9
2010 71.6 62.3
2009 71.2 64.6
2008 71.4 63.7
2007 71.6 62.7
2006 71.1 64.1
2005 68.8 62.3
2004 67.6 59.2
2003 67.6 57
2002 67.4 57.1
2001 68.1 51.9
2000 68.4 47.3
1999 64 46.2
1998 65.4 45.7
1997 65.2 47.6
1996 68.9 48.6
1995 70 50

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

GeoRank.org/economy/austria/bulgaria | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 68.9 for Bulgaria, ranking 44/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Bulgaria
Services, % of GDP
64%
2024
63.8%
2024
Industry, % of GDP
24.6%
2024
21.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
2.35%
2024
GNI, Atlas method
$503B
2024
$99B
2024
GNI per capita, PPP
$74,160
2024
$39,850
2024
Total reserves including gold
$35.4B
2024
$43.7B
2024
Total reserves ranking
53/177
2024
47/177
2024
Net foreign direct investment
$135M
2024
-$2.22B
2024
Net inflows of foreign direct investment
$13.7B
2024
$3.55B
2024
Net outflows of foreign direct investment
$13.8B
2024
$1.13B
2024
Servicing debt to the IMF, % of GNI n/a
6.8%
2024
Poverty at national poverty lines
14.8%
2021
21.7%
2023
Gross capital formation, % of GDP
23.6%
2024
20.4%
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/austria/bulgaria | 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 (1880–1997, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2021–2024, 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.