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Economy of Austria vs Morocco compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $161B for Morocco, ranking 30/197 and 58/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Austria vs Morocco GDP by year

Austria
Morocco
1x
Year GDP, current $
Austria Morocco
2024 $534,790,720,467 $160,610,994,055
2023 $516,670,509,629 $146,036,093,667
2022 $473,221,298,968 $131,245,312,804
2021 $480,466,363,177 $142,022,058,447
2020 $434,397,601,558 $121,353,645,057
2019 $442,983,642,372 $128,920,266,409
2018 $452,582,294,973 $127,341,147,582
2017 $414,926,138,133 $118,540,573,368
2016 $393,687,359,770 $111,572,947,005
2015 $379,546,097,301 $110,413,823,842
2014 $438,556,021,078 $119,130,841,412
2013 $426,580,502,769 $115,739,287,305
2012 $406,750,487,604 $106,937,392,311
2011 $428,954,737,064 $110,080,631,332
2010 $389,827,789,218 $100,865,329,473
2009 $399,290,118,782 $101,154,952,241
2008 $429,234,399,096 $101,822,906,949
2007 $386,760,177,589 $86,947,913,287
2006 $333,905,979,332 $75,883,823,301
2005 $313,952,317,331 $68,852,658,069
2004 $299,210,411,455 $66,114,145,451
2003 $260,779,834,340 $58,029,363,354
2002 $212,837,224,023 $47,077,192,188
2001 $196,477,206,829 $43,831,480,208
2000 $196,181,599,831 $43,017,455,402
1999 $216,421,809,126 $46,266,428,648
1998 $217,068,085,816 $46,497,608,725
1997 $211,724,812,267 $39,147,844,526
1996 $235,952,581,232 $43,161,571,528
1995 $240,094,169,510 $39,030,285,468
1994 $202,738,023,130 $35,604,137,423
1993 $189,634,029,339 $31,655,473,664
1992 $194,314,032,056 $33,711,069,431
1991 $173,113,449,617 $32,285,573,574
1990 $165,811,372,383 $30,179,954,775
1989 $132,584,448,258 $26,314,313,191
1988 $132,817,124,707 $25,705,296,184
1987 $123,682,091,859 $21,765,195,948
1986 $98,648,254,169 $19,462,085,540
1985 $69,114,996,010 $14,991,283,216
1984 $67,719,055,773 $14,824,667,954
1983 $71,838,528,420 $16,251,408,128
1982 $70,996,111,963 $17,692,276,734
1981 $70,755,997,062 $17,788,185,479
1980 $81,737,498,405 $21,728,516,153
1979 $73,647,694,287 $15,911,994,817
1978 $61,809,208,756 $13,236,946,234
1977 $51,343,861,460 $11,049,783,872
1976 $42,791,707,448 $9,584,297,284
1975 $39,902,300,703 $8,984,853,005
1974 $35,051,468,640 $7,675,466,449
1973 $29,399,860,145 $6,242,145,880
1972 $21,973,207,929 $5,074,117,545
1971 $17,788,536,733 $4,356,669,034
1970 $15,312,791,744 $3,956,336,244
1969 $13,647,475,854 $3,651,622,669
1968 $12,499,863,917 $3,271,422,333
1967 $11,634,569,522 $3,046,345,314
1966 $10,939,526,219 $2,876,401,297
1965 $10,041,659,445 $2,948,331,090
1964 $9,213,648,656 $2,798,345,299
1963 $8,414,050,621 $2,657,252,578
1962 $7,793,042,529 $2,379,611,125
1961 $7,346,566,038 $2,025,693,540
1960 $6,624,086,313 $2,037,154,742

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

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

GDP per capita in Austria vs Morocco by year

Austria
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 $4,218 $10,415
2023 $56,580 $73,545 $3,872 $9,895
2022 $52,337 $72,065 $3,516 $9,310
2021 $53,649 $62,969 $3,843 $8,623
2020 $48,716 $58,523 $3,317 $7,705
2019 $49,886 $60,355 $3,560 $8,046
2018 $51,194 $56,636 $3,553 $7,801
2017 $47,164 $53,870 $3,344 $8,115
2016 $45,061 $52,398 $3,186 $7,853
2015 $43,915 $49,549 $3,190 $7,799
2014 $51,315 $48,355 $3,483 $7,237
2013 $50,305 $47,520 $3,425 $7,542
2012 $48,250 $46,156 $3,206 $7,308
2011 $51,117 $44,172 $3,345 $7,274
2010 $46,611 $41,735 $3,107 $6,849
2009 $47,857 $40,687 $3,158 $6,629
2008 $51,581 $41,047 $3,222 $6,437
2007 $46,623 $39,192 $2,788 $6,058
2006 $40,382 $37,388 $2,466 $5,781
2005 $38,157 $34,777 $2,268 $5,275
2004 $36,614 $33,519 $2,207 $5,025
2003 $32,110 $31,959 $1,962 $4,741
2002 $26,335 $30,952 $1,612 $4,436
2001 $24,430 $29,553 $1,521 $4,269
2000 $24,487 $29,221 $1,513 $3,930
1999 $27,079 $27,500 $1,651 $3,801
1998 $27,212 $26,531 $1,683 $3,740
1997 $26,572 $25,301 $1,439 $3,502
1996 $29,646 $24,427 $1,610 $3,551
1995 $30,207 $23,604 $1,478 $3,152
1994 $25,546 $22,553 $1,369 $3,315
1993 $23,987 $21,647 $1,236 $2,979
1992 $24,783 $21,209 $1,337 $2,979
1991 $22,323 $20,536 $1,302 $3,025
1990 $21,596 $19,396 $1,238 $2,777
1989 $17,401 - $1,099 -
1988 $17,510 - $1,094 -
1987 $16,329 - $944 -
1986 $13,032 - $861 -
1985 $9,136 - $678 -
1984 $8,956 - $687 -
1983 $9,500 - $772 -
1982 $9,373 - $862 -
1981 $9,348 - $890 -
1980 $10,827 - $1,117 -
1979 $9,755 - $839 -
1978 $8,173 - $716 -
1977 $6,784 - $613 -
1976 $5,656 - $545 -
1975 $5,265 - $524 -
1974 $4,613 - $459 -
1973 $3,875 - $382 -
1972 $2,913 - $319 -
1971 $2,372 - $280.6 -
1970 $2,051 - $261.5 -
1969 $1,834 - $247.8 -
1968 $1,686 - $228 -
1967 $1,577 - $218.1 -
1966 $1,494 - $211.5 -
1965 $1,381 - $222.7 -
1964 $1,275 - $216.9 -
1963 $1,173 - $211.3 -
1962 $1,093 - $194.2 -
1961 $1,037 - $169.8 -
1960 $940 - $175.2 -

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

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

Austria's GDP per capita is $58,269, ranking 16/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Morocco ranks 132nd at $10,415.

Economic indicators

Austria Morocco
Gross domestic product
$535B
2024
$161B
2024
GDP rank
30/197
2024
58/197
2024
GDP growth
-0.66%
2023-2024
3.79%
2023-2024
GDP per capita
$58,269
2024
$4,218
2024
GDP per capita rank
16/197
2024
127/197
2024
GDP per capita, PPP
$73,911
2024
$10,415
2024
GDP per capita PPP rank
19/197
2024
132/197
2024
Government debt
$432B
2024
$109B
2024
Debt-to-GDP ratio
80.8%
2024
67.7%
2024
Government debt per person
$47,075
2024
$2,857
2024
Government debt per person rank
10/185
2024
104/185
2024
Average annual personal income after taxes
$40,736
2026
$5,678
2026
Market capitalization of domestic companies
$121B
2024
$74.5B
2024
Number of billionaires
9
2025
3
2025
Income share by richest 10%
24.8%
2023
31.9%
2013
Income share by poorest 10%
2.8%
2023
2.7%
2013
Government expenditure, % of GDP
56%
2024
33%
2024
Consumer prices inflation
2.94%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
5.16%
2024
11.8%
2022
Population
9163419
38871720

Spending and national debt comparison by year

Austria
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Austria Morocco
Government spending Government debt Government spending Government debt
2024 56% 80.8% 33% 67.7%
2023 52.7% 78.5% 32% 68.7%
2022 53% 78.4% 33.7% 71.4%
2021 56% 82.4% 31% 69.4%
2020 57.3% 83.2% 34.1% 72.2%
2019 49.1% 71% 27.6% 60.3%
2018 49.2% 74.6% 27.8% 60.5%
2017 49.8% 79.1% 27.9% 60.3%
2016 50.6% 83.4% 28.6% 60.1%
2015 51.2% 85.6% 28.5% 58.4%
2014 52.4% 85.2% 30.7% 58.6%
2013 52.4% 82.4% 30.4% 57.1%
2012 51.8% 82.9% 32.5% 52.3%
2011 51.3% 83.4% 31.2% 48.6%
2010 53.4% 83.7% 28.7% 45.3%
2009 54.6% 80.8% 28.1% 42.6%
2008 50.4% 69.5% 28.3% 42%
2007 49.7% 65.8% 26.4% 47.1%
2006 50.9% 68.2% 26% 50.6%
2005 51.7% 69.4% 28.6% 54.8%
2004 54.3% 65.9% 24.5% 54.4%
2003 51.8% 66.4% 24.1% 56.9%
2002 51.6% 67.4% 25.8% 59.4%
2001 51.8% 67.2% 23.7% 60.4%
2000 50.9% 66.1% 22.8% 64.9%
1999 50.5% 61.3% 18.4% 63.4%
1998 54.4% 69.2% 18.7% 64.5%
1997 52.5% 63.4% 18.6% 68%
1996 55.9% 68.2% 17.6% 65.3%
1995 56.1% 68.2% 21.3% 72.2%
1994 54.3% 64.1% 21.7% 69.3%
1993 54.3% 61% 23.1% 74.7%
1992 49.3% 56.3% 22.3% 67%
1991 47.9% 56.4% 20.8% 59.1%
1990 46.8% 56.2% 22.6% 70.5%
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 (1960–1989, retrieved 2026-02-20).

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

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 67.7% in Morocco, ranking 44/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Morocco
1x
Year Deficit/surplus, % of GDP
Austria Morocco
2024 -4.64% -3.92%
2023 -2.62% -4.41%
2022 -3.31% -5.37%
2021 -5.69% -5.92%
2020 -8.2% -7.15%
2019 0.54% -3.8%
2018 0.2% -3.52%
2017 -0.78% -3.3%
2016 -1.45% -4.49%
2015 -0.48% -4.59%
2014 -1.92% -4.78%
2013 -1.99% -4.7%
2012 -2.18% -6.63%
2011 -2.48% -6.08%
2010 -4.46% -3.93%
2009 -5.38% -1.63%
2008 -1.57% 0.63%
2007 -1.56% -0.12%
2006 -2.61% -1.8%
2005 -2.59% -5.46%
2004 -4.94% -3.31%
2003 -1.84% -3.74%
2002 -1.43% -4.37%
2001 -0.71% -3.79%
2000 -2.07% -1.97%
1999 -2.63% 3.21%
1998 -2.68% 1.47%
1997 -2.38% 1.5%
1996 -4.38% 0.87%
1995 -6.17% -2.54%
1994 -5.04% -2.51%
1993 -4.57% -2%
1992 -2.15% -1.84%
1991 -2.96% -0.9%
1990 -2.58% -1.32%
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 - -
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/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Austria recorded a fiscal deficit in 33 of those years, while Morocco ran a deficit in 30 years. On average, Austria posted an annual deficit equal to 2.85% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Austria

Morocco
1x
Year Consumer prices inflation
Austria Morocco
2024 2.94% 0.99%
2023 7.81% 6.09%
2022 8.55% 6.66%
2021 2.77% 1.4%
2020 1.38% 0.71%
2019 1.53% 0.3%
2018 2% 1.8%
2017 2.08% 0.75%
2016 0.89% 1.64%
2015 0.9% 1.56%
2014 1.61% 0.44%
2013 2% 1.88%
2012 2.49% 1.29%
2011 3.29% 0.91%
2010 1.81% 0.99%
2009 0.51% 0.97%
2008 3.22% 3.71%
2007 2.17% 2.04%
2006 1.44% 3.28%
2005 2.3% 0.98%
2004 2.06% 1.49%
2003 1.36% 1.17%
2002 1.81% 2.8%
2001 2.65% 0.62%
2000 2.34% 1.89%
1999 0.57% 0.68%
1998 0.92% 2.75%
1997 1.31% 1.04%

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

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

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 1.82% in Morocco. In 2024, inflation was 2.94% in Austria and 0.99% in Morocco.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $121M
Chemicals & pharma $49.5M
Animal & marine products $21.5M
Wood & paper products $21.4M
Textiles & consumer goods $18.2M
Metals $15.5M
Government & miscellaneous services $7.1M
Processed food, beverages & tobacco $5.99M
Business & finance services $4.73M
IT & IP services $4.73M
Morocco
Export category Export value
Machinery & equipment $154M
Textiles & consumer goods $73.3M
Raw materials & minerals $29.5M
Raw agricultural goods $6.27M
Processed food, beverages & tobacco $3.55M
Chemicals & pharma $1.22M
Metals $361K
Animal & marine products $216K
Wood & paper products $201K
Precious metals & jewellery $91K

Balance of trade

Austria Morocco
Current account balance
$8.19B
2024
-$1.87B
2024
Current account balance ranking
25/190
2024
141/190
2024
Current account balance, % of GDP
+1.53%
2024
-1.16%
2024
Goods imports
$195B
2024
$66.5B
2024
Goods exports
$201B
2024
$39.3B
2024
Service imports
$90.5B
2024
$14.3B
2024
Service exports
$96.6B
2024
$28.2B
2024
Imports of goods and services, % of GDP
53.1%
2024
50.2%
2024
Exports of goods and services, % of GDP
55.7%
2024
42%
2024

Economic freedom indices

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

Austria Morocco
Economic freedom 69.8 61.8
Economic freedom ranking 38/197 91/197
Property rights 95.7 55.2
Government integrity 75 35.6
Judicial effectiveness 94.8 32.5
Tax burden 45.7 65.5
Government spending 12.8 67.5
Fiscal health 67.1 57.5
Business freedom 78.7 72.1
Labor freedom 81.6 46.2
Monetary freedom 76.4 79.6
Trade freedom 79.4 69.8
Investment freedom 60 80
Financial freedom 70 80

Economic freedom comparison by year

Austria
Morocco
1x
Year Economic freedom index
Austria Morocco
2026 69.8 61.8
2025 69.7 60.3
2024 68.4 56.8
2023 71.1 58.4
2022 73.8 59.2
2021 73.9 63.3
2020 73.3 63.3
2019 72 62.9
2018 71.8 61.9
2017 72.3 61.5
2016 71.7 61.3
2015 71.2 60.1
2014 72.4 58.3
2013 71.8 59.6
2012 70.3 60.2
2011 71.9 59.6
2010 71.6 59.2
2009 71.2 57.7
2008 71.4 55.6
2007 71.6 56.4
2006 71.1 51.5
2005 68.8 52.2
2004 67.6 56.7
2003 67.6 57.8
2002 67.4 59
2001 68.1 63.9
2000 68.4 63.2
1999 64 63.8
1998 65.4 61.1
1997 65.2 64.7
1996 68.9 64.3
1995 70 62.8

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

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

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Morocco
Services, % of GDP
64%
2024
52.7%
2024
Industry, % of GDP
24.6%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
10.6%
2024
GNI, Atlas method
$503B
2024
$149B
2024
GNI per capita, PPP
$74,160
2024
$10,260
2024
Total reserves including gold
$35.4B
2024
$37.1B
2024
Total reserves ranking
53/177
2024
52/177
2024
Net foreign direct investment
$135M
2024
-$948M
2024
Net inflows of foreign direct investment
$13.7B
2024
$1.64B
2024
Net outflows of foreign direct investment
$13.8B
2024
$691M
2024
Servicing debt to the IMF, % of GNI n/a
5.63%
2024
Poverty at national poverty lines
14.8%
2021
3.9%
2022
Gross capital formation, % of GDP
23.6%
2024
30.1%
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/morocco | 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)
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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.