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Economy of Austria vs Lesotho compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $2.27B for Lesotho, ranking 30/197 and 175/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $1.29B (56.8% of GDP) in Lesotho.

Austria vs Lesotho GDP by year

Austria
Lesotho
1x
Year GDP, current $
Austria Lesotho
2024 $534,790,720,467 $2,271,759,455
2023 $516,670,509,629 $2,117,962,445
2022 $473,221,298,968 $2,354,980,960
2021 $480,466,363,177 $2,412,130,057
2020 $434,397,601,558 $2,053,699,864
2019 $442,983,642,372 $2,390,702,296
2018 $452,582,294,973 $2,556,247,292
2017 $414,926,138,133 $2,306,741,672
2016 $393,687,359,770 $2,114,426,452
2015 $379,546,097,301 $2,359,686,725
2014 $438,556,021,078 $2,441,063,054
2013 $426,580,502,769 $2,367,112,932
2012 $406,750,487,604 $2,477,702,216
2011 $428,954,737,064 $2,579,409,620
2010 $389,827,789,218 $2,234,754,242
2009 $399,290,118,782 $1,740,894,965
2008 $429,234,399,096 $1,766,902,709
2007 $386,760,177,589 $1,682,131,785
2006 $333,905,979,332 $1,800,092,564
2005 $313,952,317,331 $1,682,343,527
2004 $299,210,411,455 $1,511,236,656
2003 $260,779,834,340 $1,157,825,435
2002 $212,837,224,023 $775,777,239
2001 $196,477,206,829 $825,706,961
2000 $196,181,599,831 $887,291,688
1999 $216,421,809,126 $912,773,681
1998 $217,068,085,816 $928,460,893
1997 $211,724,812,267 $998,004,259
1996 $235,952,581,232 $946,112,493
1995 $240,094,169,510 $1,001,894,000
1994 $202,738,023,130 $878,250,945
1993 $189,634,029,339 $835,582,062
1992 $194,314,032,056 $831,029,862
1991 $173,113,449,617 $704,325,367
1990 $165,811,372,383 $596,410,264
1989 $132,584,448,258 $495,409,233
1988 $132,817,124,707 $470,395,801
1987 $123,682,091,859 $402,768,324
1986 $98,648,254,169 $318,858,423
1985 $69,114,996,010 $268,629,926
1984 $67,719,055,773 $333,163,670
1983 $71,838,528,420 $386,699,309
1982 $70,996,111,963 $348,741,684
1981 $70,755,997,062 $434,188,034
1980 $81,737,498,405 $431,542,537
1979 $73,647,694,287 $290,134,593
1978 $61,809,208,756 $266,570,067
1977 $51,343,861,460 $193,315,048
1976 $42,791,707,448 $147,660,037
1975 $39,902,300,703 $149,558,896
1974 $35,051,468,640 $150,851,317
1973 $29,399,860,145 $121,188,716
1972 $21,973,207,929 $80,913,200
1971 $17,788,536,733 $76,480,285
1970 $15,312,791,744 $68,739,973
1969 $13,647,475,854 $65,967,974
1968 $12,499,863,917 $61,445,975
1967 $11,634,569,522 $59,261,976
1966 $10,939,526,219 $56,699,977
1965 $10,041,659,445 $54,879,978
1964 $9,213,648,656 $51,939,979
1963 $8,414,050,621 $47,039,981
1962 $7,793,042,529 $41,859,983
1961 $7,346,566,038 $35,699,986
1960 $6,624,086,313 $34,579,986

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

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

GDP per capita in Austria vs Lesotho by year

Austria
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 $972 $3,001
2023 $56,580 $73,545 $916 $2,881
2022 $52,337 $72,065 $1,030 $2,761
2021 $53,649 $62,969 $1,067 $2,545
2020 $48,716 $58,523 $919 $2,559
2019 $49,886 $60,355 $1,082 $2,568
2018 $51,194 $56,636 $1,171 $2,632
2017 $47,164 $53,870 $1,069 $2,619
2016 $45,061 $52,398 $992 $2,942
2015 $43,915 $49,549 $1,121 $3,035
2014 $51,315 $48,355 $1,174 $2,771
2013 $50,305 $47,520 $1,151 $2,538
2012 $48,250 $46,156 $1,218 $2,291
2011 $51,117 $44,172 $1,281 $2,279
2010 $46,611 $41,735 $1,119 $2,153
2009 $47,857 $40,687 $879 $2,036
2008 $51,581 $41,047 $898 $2,064
2007 $46,623 $39,192 $861 $1,932
2006 $40,382 $37,388 $925 $1,813
2005 $38,157 $34,777 $861 $1,681
2004 $36,614 $33,519 $767 $1,561
2003 $32,110 $31,959 $583 $1,484
2002 $26,335 $30,952 $389 $1,385
2001 $24,430 $29,553 $413 $1,350
2000 $24,487 $29,221 $443 $1,273
1999 $27,079 $27,500 $456 $1,199
1998 $27,212 $26,531 $465 $1,179
1997 $26,572 $25,301 $502 $1,154
1996 $29,646 $24,427 $480 $1,103
1995 $30,207 $23,604 $513 $1,037
1994 $25,546 $22,553 $456 $995
1993 $23,987 $21,647 $439 $932
1992 $24,783 $21,209 $444 $893
1991 $22,323 $20,536 $382 $830
1990 $21,596 $19,396 $330 $764
1989 $17,401 - $279 -
1988 $17,510 - $270.4 -
1987 $16,329 - $236.5 -
1986 $13,032 - $191.4 -
1985 $9,136 - $165.4 -
1984 $8,956 - $211 -
1983 $9,500 - $252 -
1982 $9,373 - $233.9 -
1981 $9,348 - $299.8 -
1980 $10,827 - $307 -
1979 $9,755 - $212.4 -
1978 $8,173 - $200.8 -
1977 $6,784 - $149.9 -
1976 $5,656 - $117.8 -
1975 $5,265 - $123.2 -
1974 $4,613 - $128.7 -
1973 $3,875 - $107 -
1972 $2,913 - $74 -
1971 $2,372 - $72.4 -
1970 $2,051 - $67.4 -
1969 $1,834 - $67.1 -
1968 $1,686 - $64.8 -
1967 $1,577 - $64.8 -
1966 $1,494 - $64.3 -
1965 $1,381 - $64.3 -
1964 $1,275 - $62.6 -
1963 $1,173 - $58.4 -
1962 $1,093 - $53.5 -
1961 $1,037 - $47 -
1960 $940 - $47 -

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

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

Austria's GDP per capita is $58,269, ranking 16/197, compared to $972 in Lesotho, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Lesotho ranks 180th at $3,001.

Economic indicators

Austria Lesotho
Gross domestic product
$535B
2024
$2.27B
2024
GDP rank
30/197
2024
175/197
2024
GDP growth
-0.66%
2023-2024
2.85%
2023-2024
GDP per capita
$58,269
2024
$972
2024
GDP per capita rank
16/197
2024
181/197
2024
GDP per capita, PPP
$73,911
2024
$3,001
2024
GDP per capita PPP rank
19/197
2024
180/197
2024
Government debt
$432B
2024
$1.29B
2024
Debt-to-GDP ratio
80.8%
2024
56.8%
2024
Government debt per person
$47,075
2024
$552
2024
Government debt per person rank
10/185
2024
164/185
2024
Average annual personal income after taxes
$40,736
2026
$6,545
2026
Market capitalization of domestic companies
$121B
2024
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
24.8%
2023
32.9%
2017
Income share by poorest 10%
2.8%
2023
1.7%
2017
Government expenditure, % of GDP
56%
2024
53.5%
2024
Consumer prices inflation
2.94%
2023-2024
6.11%
2023-2024
Central bank interest rate n/a
6.5%
2025
Unemployment rate
5.16%
2024
18.7%
2024
Population
9163419
2396633

Spending and national debt comparison by year

Austria
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Austria Lesotho
Government spending Government debt Government spending Government debt
2024 56% 80.8% 53.5% 56.8%
2023 52.7% 78.5% 49.4% 61.5%
2022 53% 78.4% 50.8% 64.4%
2021 56% 82.4% 53.8% 58%
2020 57.3% 83.2% 54.4% 54.7%
2019 49.1% 71% 53.6% 58.2%
2018 49.2% 74.6% 51.9% 48.2%
2017 49.8% 79.1% 50.4% 41%
2016 50.6% 83.4% 54.1% 41.5%
2015 51.2% 85.6% 51.7% 45.8%
2014 52.4% 85.2% 50.1% 41.5%
2013 52.4% 82.4% 58.4% 41.2%
2012 51.8% 82.9% 58.1% 39.8%
2011 51.3% 83.4% 60.2% 36.2%
2010 53.4% 83.7% 55.3% 33.8%
2009 54.6% 80.8% 66.4% 35.9%
2008 50.4% 69.5% 54.1% 47%
2007 49.7% 65.8% 48.1% 49.6%
2006 50.9% 68.2% 43.2% 43.7%
2005 51.7% 69.4% 37.6% 41%
2004 54.3% 65.9% 36.3% 49.4%
2003 51.8% 66.4% 39.8% 52.6%
2002 51.6% 67.4% 41.2% 79.6%
2001 51.8% 67.2% 41.4% 108.7%
2000 50.9% 66.1% 39.3% 88.5%
1999 50.5% 61.3% 50.8% 83%
1998 54.4% 69.2% 51.4% 79.4%
1997 52.5% 63.4% 44.6% 65.7%
1996 55.9% 68.2% 41.5% 71.6%
1995 56.1% 68.2% 42.1% 62.8%
1994 54.3% 64.1% 40.2% 67%
1993 54.3% 61% 36% 71.2%
1992 49.3% 56.3% 35.3% 64.4%
1991 47.9% 56.4% 31.3% 11.9%
1990 46.8% 56.2% 32.9% 18%
1989 51.6% 56.6% 35.8% 112.5%
1988 53.1% 57.7% 35.3% 105.2%
1987 54.5% 55.5% 40.3% 97.4%
1986 54.3% 52% 33.2% 92.5%
1985 53.5% 47.8% 32.8% 86.3%
1984 52.6% 46% 26.8% 57.2%
1983 52.4% 43.7% 27.2% 56.7%
1982 52% 39.7% 29.9% 61.4%
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 (1960–1989, retrieved 2026-02-20).

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

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Lesotho spent $1.22B, or 53.5% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 56.8% in Lesotho, ranking 44/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Lesotho
1x
Year Deficit/surplus, % of GDP
Austria Lesotho
2024 -4.64% 9.04%
2023 -2.62% 7.31%
2022 -3.31% -6.41%
2021 -5.69% -4.95%
2020 -8.2% 1.18%
2019 0.54% -5.72%
2018 0.2% -4.41%
2017 -0.78% -2.02%
2016 -1.45% -9.43%
2015 -0.48% -1.38%
2014 -1.92% 3.16%
2013 -1.99% -2.58%
2012 -2.18% 4.56%
2011 -2.48% -9.85%
2010 -4.46% -1.49%
2009 -5.38% -4.16%
2008 -1.57% 8.1%
2007 -1.56% 10.8%
2006 -2.61% 11.6%
2005 -2.59% 4.46%
2004 -4.94% 6.05%
2003 -1.84% 0.89%
2002 -1.43% -2.44%
2001 -0.71% -2.76%
2000 -2.07% -0.95%
1999 -2.63% -15.3%
1998 -2.68% -11.8%
1997 -2.38% 0.27%
1996 -4.38% 2.11%
1995 -6.17% 5.13%
1994 -5.04% 5.69%
1993 -4.57% 7.55%
1992 -2.15% 4.65%
1991 -2.96% 9.74%
1990 -2.58% 8.78%
1989 -3.07% 3.88%
1988 -3.43% -1.87%
1987 -4.33% -2.85%
1986 -3.84% 0.87%
1985 -2.71% 1.68%
1984 -2.67% 4.82%
1983 -4.22% 1.85%
1982 -3.29% -2.03%
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 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
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 (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/lesotho | 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 Lesotho's surplus of $205M, or 9.04% of GDP.

Over the past 43 years, Austria recorded a fiscal deficit in 41 of those years, while Lesotho ran a deficit in 19 years. On average, Austria posted an annual deficit equal to 2.96% of GDP, compared to surplus of 0.74% of GDP for Lesotho.

Inflation comparison by year

Inflation
Austria

Lesotho
1x
Year Consumer prices inflation
Austria Lesotho
2024 2.94% 6.11%
2023 7.81% 6.34%
2022 8.55% 8.27%
2021 2.77% 6.05%
2020 1.38% 4.98%
2019 1.53% 5.19%
2018 2% 4.75%
2017 2.08% 4.45%
2016 0.89% 6.6%
2015 0.9% 3.22%
2014 1.61% 5.37%
2013 2% 4.87%
2012 2.49% 6.05%
2011 3.29% 5.04%
2010 1.81% -2.41%
2009 0.51% -16.9%
2008 3.22% 10.7%
2007 2.17% 8.01%
2006 1.44% 6.07%
2005 2.3% 3.44%
2004 2.06% 5.02%
2003 1.36% 6.63%
2002 1.81% 33.8%
2001 2.65% -9.62%
2000 2.34% 6.13%
1999 0.57% -
1998 0.92% -
1997 1.31% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 25 years, Austria has recorded an average annual inflation rate of 2.48%, compared with 5.13% in Lesotho. In 2024, inflation was 2.94% in Austria and 6.11% in Lesotho.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $79K
Metals $54K
Chemicals & pharma $31K
Raw materials & minerals $13K
Wood & paper products $12K
Textiles & consumer goods $11K
Processed food, beverages & tobacco $5K
Miscellaneous $1K
Lesotho
Export category Export value
Machinery & equipment $16K

Balance of trade

Austria Lesotho
Current account balance
$8.19B
2024
$89.2M
2024
Current account balance ranking
25/190
2024
68/190
2024
Current account balance, % of GDP
+1.53%
2024
+3.93%
2024
Goods imports
$195B
2024
$1.67B
2024
Goods exports
$201B
2024
$965M
2024
Service imports
$90.5B
2024
$415M
2024
Service exports
$96.6B
2024
$15.4M
2024
Imports of goods and services, % of GDP
53.1%
2024
98.6%
2023
Exports of goods and services, % of GDP
55.7%
2024
42.9%
2023

Economic freedom indices

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

Austria Lesotho
Economic freedom 69.8 54.9
Economic freedom ranking 38/197 130/197
Property rights 95.7 41.7
Government integrity 75 39.6
Judicial effectiveness 94.8 43.6
Tax burden 45.7 76.4
Government spending 12.8 21.3
Fiscal health 67.1 93.5
Business freedom 78.7 50.6
Labor freedom 81.6 57
Monetary freedom 76.4 74.8
Trade freedom 79.4 65.4
Investment freedom 60 55
Financial freedom 70 40

Economic freedom comparison by year

Austria
Lesotho
1x
Year Economic freedom index
Austria Lesotho
2026 69.8 54.9
2025 69.7 54.1
2024 68.4 51.9
2023 71.1 51.6
2022 73.8 48.1
2021 73.9 53.5
2020 73.3 54.5
2019 72 53.1
2018 71.8 53.9
2017 72.3 53.9
2016 71.7 50.6
2015 71.2 49.6
2014 72.4 49.5
2013 71.8 47.9
2012 70.3 46.6
2011 71.9 47.5
2010 71.6 48.1
2009 71.2 49.7
2008 71.4 52.1
2007 71.6 53.2
2006 71.1 54.7
2005 68.8 53.9
2004 67.6 50.3
2003 67.6 52
2002 67.4 48.9
2001 68.1 50.6
2000 68.4 48.4
1999 64 48.2
1998 65.4 48.4
1997 65.2 47.2
1996 68.9 47
1995 70 -

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

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

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Lesotho
Services, % of GDP
64%
2024
48%
2024
Industry, % of GDP
24.6%
2024
30.9%
2024
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
6.5%
2024
GNI, Atlas method
$503B
2024
$2.75B
2024
GNI per capita, PPP
$74,160
2024
$3,580
2024
Total reserves including gold
$35.4B
2024
$1.01B
2024
Total reserves ranking
53/177
2024
142/177
2024
Net foreign direct investment
$135M
2024
$12.6M
2024
Net inflows of foreign direct investment
$13.7B
2024
-$12.6M
2024
Net outflows of foreign direct investment
$13.8B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
4.06%
2024
Poverty at national poverty lines
14.8%
2021
49.7%
2017
Gross capital formation, % of GDP
23.6%
2024
27.2%
2023

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/lesotho | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, 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.