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Economy of Belarus vs Germany compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $5.05T for Germany, ranking 80/197 and 3/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $3.18T (62.9% of GDP) in Germany.

Belarus vs Germany GDP by year

Belarus
Germany
1x
Year GDP, current $
Belarus Germany
2025 $93,397,215,864 $5,050,922,925,047
2024 $78,591,839,300 $4,685,592,577,805
2023 $72,478,760,370 $4,562,207,532,490
2022 $73,775,179,925 $4,201,021,706,479
2021 $69,673,747,132 $4,355,251,953,411
2020 $61,371,673,345 $3,941,398,957,074
2019 $64,410,170,653 $3,959,894,794,039
2018 $60,031,026,576 $4,055,433,215,302
2017 $54,725,405,751 $3,765,351,626,106
2016 $47,723,545,321 $3,536,787,895,179
2015 $56,454,769,845 $3,425,099,578,746
2014 $78,813,069,121 $3,964,870,735,761
2013 $75,527,558,966 $3,807,023,797,051
2012 $65,685,890,439 $3,596,483,233,406
2011 $61,762,382,328 $3,823,575,803,794
2010 $57,231,904,543 $3,467,093,769,667
2009 $50,873,167,326 $3,478,545,516,684
2008 $60,752,106,347 $3,808,197,720,125
2007 $45,275,711,996 $3,484,056,680,855
2006 $36,961,894,281 $3,046,308,753,671
2005 $30,210,091,837 $2,893,393,187,362
2004 $23,141,566,293 $2,852,317,768,062
2003 $17,825,444,724 $2,534,715,518,349
2002 $14,594,900,945 $2,102,350,798,306
2001 $12,354,820,144 $1,966,381,496,642
2000 $12,736,856,828 $1,966,980,701,145
1999 $12,138,486,532 $2,213,873,468,587
1998 $15,222,012,660 $2,247,760,364,566
1997 $14,128,408,566 $2,218,790,886,533
1996 $14,500,437,520 $2,506,576,553,158
1995 $13,972,683,274 $2,593,053,091,306
1994 $14,931,435,232 $2,215,282,632,277
1993 $16,275,073,527 $2,078,954,217,438
1992 $16,939,790,094 $2,141,377,582,968
1991 $18,404,907,975 $1,875,792,575,133
1990 $17,389,558,233 $1,778,162,195,860
1989 - $1,404,092,925,205
1988 - $1,406,367,016,372
1987 - $1,302,932,318,825
1986 - $1,050,092,624,516
1985 - $735,218,723,093
1984 - $727,767,760,979
1983 - $773,507,930,295
1982 - $779,421,633,755
1981 - $803,404,797,058
1980 - $953,772,499,462
1979 - $884,574,218,333
1978 - $743,182,891,918
1977 - $602,698,323,086
1976 - $521,658,712,133
1975 - $492,434,094,920
1974 - $446,934,971,657
1973 - $399,833,571,167
1972 - $300,899,944,795
1971 - $250,900,942,397
1970 - $216,629,229,947
1969 - $177,733,486,326
1968 - $156,527,292,653
1967 - $145,100,667,773
1966 - $143,304,275,684
1965 - $134,774,688,191
1964 - $123,330,404,665
1963 - $112,232,503,744
1962 - $105,895,435,234
1961 - $96,558,204,043
1960 - $84,619,845,881

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

GeoRank.org/economy/belarus/germany | CC BY

GDP per capita in Belarus vs Germany by year

Belarus
GDP per capita

GDP per capita, PPP
Germany
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Germany
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $60,496 -
2024 $8,606 $33,010 $56,104 $73,552
2023 $7,897 $30,834 $54,777 $71,684
2022 $7,995 $28,429 $50,507 $69,049
2021 $7,490 $27,611 $52,349 $62,531
2020 $6,543 $24,872 $47,395 $58,686
2019 $6,838 $22,302 $47,656 $59,271
2018 $6,360 $20,026 $48,916 $56,273
2017 $5,786 $18,414 $45,554 $54,110
2016 $5,040 $17,832 $42,949 $51,570
2015 $5,967 $18,134 $41,930 $48,545
2014 $8,341 $19,038 $48,960 $47,939
2013 $7,998 $19,014 $47,207 $45,889
2012 $6,953 $18,115 $44,718 $44,229
2011 $6,528 $16,563 $47,631 $43,398
2010 $6,035 $15,339 $42,397 $39,726
2009 $5,352 $14,034 $42,472 $37,574
2008 $6,376 $13,886 $46,379 $38,444
2007 $4,735 $12,320 $42,351 $36,914
2006 $3,848 $10,995 $36,980 $34,741
2005 $3,126 $9,637 $35,084 $32,314
2004 $2,378 $8,483 $34,567 $31,753
2003 $1,820 $7,362 $30,711 $30,301
2002 $1,479 $6,697 $25,487 $29,514
2001 $1,244 $6,238 $23,878 $28,674
2000 $1,276 $5,796 $23,926 $27,474
1999 $1,211 $5,331 $26,965 $26,518
1998 $1,511 $5,061 $27,396 $25,446
1997 $1,396 $4,596 $27,047 $24,649
1996 $1,427 $4,039 $30,600 $24,169
1995 $1,371 $3,846 $31,747 $23,631
1994 $1,460 $4,190 $27,202 $22,869
1993 $1,590 $4,641 $25,617 $21,900
1992 $1,658 $4,917 $26,560 $21,746
1991 $1,805 $5,330 $23,443 $21,001
1990 $1,707 $5,220 $22,386 $19,468
1989 - - $17,829 -
1988 - - $17,997 -
1987 - - $16,739 -
1986 - - $13,511 -
1985 - - $9,464 -
1984 - - $9,347 -
1983 - - $9,900 -
1982 - - $9,950 -
1981 - - $10,246 -
1980 - - $12,183 -
1979 - - $11,322 -
1978 - - $9,517 -
1977 - - $7,711 -
1976 - - $6,659 -
1975 - - $6,259 -
1974 - - $5,660 -
1973 - - $5,065 -
1972 - - $3,824 -
1971 - - $3,204 -
1970 - - $2,771 -
1969 - - $2,281 -
1968 - - $2,025 -
1967 - - $1,886 -
1966 - - $1,871 -
1965 - - $1,774 -
1964 - - $1,637 -
1963 - - $1,502 -
1962 - - $1,431 -
1961 - - $1,316 -
1960 - - $1,162 -

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

GeoRank.org/economy/belarus/germany | CC BY

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $60,496 in Germany, ranking 18/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Germany ranks 20th at $73,552.

Economic indicators

Belarus Germany
Gross domestic product
$93.4B
2025
$5.05T
2025
GDP rank
80/197
2025
3/197
2025
GDP growth
1.3%
2024-2025
0.24%
2024-2025
GDP per capita
$10,279
2025
$60,496
2025
GDP per capita rank
88/197
2025
18/197
2025
GDP per capita, PPP
$33,010
2024
$73,552
2024
GDP per capita PPP rank
68/197
2024
20/197
2024
Government debt
$30.9B
2025
$3.18T
2025
Debt-to-GDP ratio
33.1%
2025
62.9%
2025
Government debt per person
$3,399
2025
$38,071
2025
Government debt per person rank
98/185
2025
21/185
2025
Average annual personal income after taxes
$8,062
2026
$40,352
2026
Market capitalization of domestic companies
$5.54B
2025
$2.9T
2025
Number of millionaires n/a
2,648,000
2026
Number of billionaires n/a
212
2026
Income share by richest 10%
20.7%
2020
26.2%
2022
Income share by poorest 10%
4.5%
2020
2.3%
2022
Government expenditure, % of GDP
41.3%
2025
50.5%
2025
Consumer prices inflation
6.6%
2024-2025
2.17%
2024-2025
Central bank interest rate
9.25%
2026
n/a
Unemployment rate
3.04%
2024
3.8%
2025
Population
9025821
82830814

Spending and national debt comparison by year

Belarus
Spending

Debt
Germany
Spending

Debt
1x
Year % of GDP
Belarus Germany
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 50.5% 62.9%
2024 40.8% 38.7% 49.4% 62.2%
2023 40.3% 40.7% 48.1% 62.3%
2022 38% 40.8% 48.6% 64.4%
2021 36.7% 41.2% 50.7% 67.9%
2020 38% 47.5% 51.1% 68%
2019 37.4% 41% 45.5% 58.7%
2018 37.8% 47.5% 44.7% 60.8%
2017 39% 53.2% 44.5% 64%
2016 40.7% 53.5% 44.7% 68.3%
2015 41.8% 53% 44.5% 71.2%
2014 38.8% 38.8% 44.5% 74.5%
2013 40.8% 36.9% 45.2% 77.5%
2012 38.9% 36.9% 45.1% 79.8%
2011 40.3% 58.2% 45.3% 78.5%
2010 44.3% 36.8% 48.1% 81%
2009 51.7% 32.5% 48.3% 72.4%
2008 60% 20.3% 44.4% 65.2%
2007 49.2% 15.8% 43.5% 63.7%
2006 47.2% 12.3% 45.3% 66.4%
2005 45% 8.12% 46.9% 67.1%
2004 44% 9.22% 47% 65%
2003 43.5% - 48.5% 63.3%
2002 43.8% - 48.2% 59.8%
2001 42.4% - 47.7% 58.1%
2000 - - 48.1% 59.2%
1999 - - 48.5% 60.3%
1998 - - 48.3% 59.4%
1997 - - 48.8% 58.8%
1996 - - 49.6% 57.7%
1995 - - 55.2% 54.9%
1994 - - 48.3% 47.5%
1993 - - 48.3% 45.1%
1992 - - 47.4% 41.4%
1991 - - 46.5% 39%
1990 - - 44.7% 40.7%
1989 - - 44.3% 39.2%
1988 - - 45.6% 40.5%
1987 - - 46% 40.1%
1986 - - 45.7% 39.1%
1985 - - 46.6% 39.2%
1984 - - 47.2% 38.7%
1983 - - 47.9% 38%
1982 - - 49.1% 36.4%
1981 - - 49% 33.6%
1980 - - 48.2% 30.1%
1979 - - 47.4% 28.2%
1978 - - 47.7% 27.4%
1977 - - 49% 26%
1976 - - 49.4% 25.1%
1975 - - 50.3% 23.7%
1974 - - 46% 18.5%
1973 - - 42.4% 17.3%
1972 - - 41.8% 18%
1971 - - 40.9% 17.7%
1970 - - 39.5% 17.7%
1969 - - 29.7% 20.3%
1968 - - 28.5% 22.5%
1967 - - 28.8% 22.5%
1966 - - 28.3% 19.8%
1965 - - 28.4% 18.7%
1964 - - 29% 18.2%
1963 - - 29.1% 18.1%
1962 - - 29.2% 17.6%
1961 - - 28.8% 18.7%
1960 - - 22.9% 18.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

GeoRank.org/economy/belarus/germany | CC BY

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Germany spent $2.55T, or 50.5% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 62.9% in Germany, ranking 148/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Germany
1x
Year Deficit/surplus, % of GDP
Belarus Germany
2025 0.15% -2.67%
2024 0.54% -2.66%
2023 0.76% -2.49%
2022 -1.98% -1.91%
2021 -0.22% -3.17%
2020 -2.87% -4.38%
2019 0.91% 1.33%
2018 1.8% 1.88%
2017 -0.34% 1.34%
2016 -1.66% 1.13%
2015 -2.96% 0.91%
2014 0.09% 0.73%
2013 -0.98% 0.12%
2012 0.36% -0.05%
2011 -2.81% -0.84%
2010 -4.19% -4.42%
2009 -7.23% -3.18%
2008 -10.9% -0.26%
2007 -7.82% 0.15%
2006 -7.71% -1.76%
2005 -6.71% -3.37%
2004 -7.06% -3.42%
2003 -6.74% -3.83%
2002 -7.81% -4.09%
2001 -4.74% -3.12%
2000 - -1.71%
1999 - -1.87%
1998 - -2.65%
1997 - -3.03%
1996 - -3.64%
1995 - -9.44%
1994 - -2.54%
1993 - -3.11%
1992 - -2.63%
1991 - -3.21%
1990 - -1.94%
1989 - 0.08%
1988 - -2.02%
1987 - -1.85%
1986 - -1.18%
1985 - -1.18%
1984 - -2.04%
1983 - -2.95%
1982 - -3.56%
1981 - -4.03%
1980 - -3.02%
1979 - -2.71%
1978 - -2.62%
1977 - -2.56%
1976 - -3.5%
1975 - -5.78%
1974 - -1.69%
1973 - 1.14%
1972 - -0.37%
1971 - 0.16%
1970 - 0.53%
1969 - -0.43%
1968 - 1.39%
1967 - 2.73%
1966 - 1.76%
1965 - 2.26%
1964 - 1.49%
1963 - 1.43%
1962 - 0.49%
1961 - -0.12%
1960 - -0.34%
1959 - 0.77%
1958 - 1.77%
1957 - 1.99%
1956 - 0.59%
1955 - -1.41%
1954 - -0.37%
1953 - -0.13%
1952 - 0%
1951 - 1.15%
1950 - 1.81%
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 - -0.64%
1933 - -0.43%
1932 - -1.11%
1931 - -1.03%
1930 - -1.52%
1929 - -0.9%
1928 - -1.47%
1927 - -0.44%
1926 - -1.3%
1925 - 0.34%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.007%
1912 - -0.26%
1911 - 0.06%
1910 - -0.21%
1909 - 0.11%
1908 - -0.11%
1907 - -0.14%
1906 - 0.76%
1905 - 1.21%
1904 - 0.41%
1903 - 0.88%
1902 - 0.08%
1901 - 0.91%
1900 - 0.27%
1899 - 0.6%
1898 - 0.47%
1897 - 0.39%
1896 - 0.63%
1895 - 0.47%
1894 - 0.44%
1893 - 0.42%
1892 - -0.24%
1891 - 1.18%
1890 - 0.12%
1889 - 1.16%
1888 - 0.62%
1887 - 0.88%
1886 - 0.23%
1885 - 0.21%
1884 - 0.23%
1883 - 0.55%
1882 - 0.41%
1881 - 0.12%
1880 - -0.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/germany | CC BY

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Germany's deficit of $135B, or 2.67% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Germany ran a deficit in 17 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 1.52% of GDP for Germany.

Inflation comparison by year

Inflation
Belarus

Germany
1x
Year Consumer prices inflation
Belarus Germany
2025 6.6% 2.17%
2024 5.7% 2.26%
2023 5% 5.95%
2022 15.2% 6.87%
2021 9.5% 3.07%
2020 5.5% 0.14%
2019 5.6% 1.45%
2018 4.9% 1.73%
2017 6% 1.51%
2016 11.8% 0.49%
2015 13.5% 0.51%
2014 18.1% 0.91%
2013 18.3% 1.5%
2012 59.2% 2.01%
2011 53.2% 2.08%
2010 7.7% 1.1%
2009 13% 0.31%
2008 14.8% 2.63%
2007 8.4% 2.3%
2006 7% 1.58%
2005 10.3% 1.55%
2004 18.1% 1.67%
2003 28.4% 1.03%
2002 42.6% 1.42%
2001 61.1% 1.98%
2000 168.6% 1.44%
1999 293.7% 0.59%
1998 73% 0.91%
1997 63.8% 1.94%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/germany | CC BY

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 1.83% in Germany. In 2025, inflation was 6.6% in Belarus and 2.17% in Germany.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $359M
Wood & paper products $214M
Metals $180M
Textiles & consumer goods $176M
Machinery & equipment $137M
Processed food, beverages & tobacco $35.3M
Raw agricultural goods $16.9M
Chemicals & pharma $15M
Precious metals & jewellery $2.13M
Animal & marine products $847K
Germany
Export category Export value
Chemicals & pharma $204M
Machinery & equipment $196M
Processed food, beverages & tobacco $102M
Raw agricultural goods $68.8M
Raw materials & minerals $63M
Textiles & consumer goods $28.5M
Metals $16.4M
Miscellaneous $10.1M
Wood & paper products $6.48M
Animal & marine products $4.11M

Balance of trade

Belarus Germany
Current account balance
-$1.82B
2025
$228B
2025
Current account balance ranking
137/190
2025
2/190
2025
Current account balance, % of GDP
-1.94%
2025
+4.51%
2025
Goods imports
$46B
2025
$1.32T
2025
Goods exports
$40B
2025
$1.53T
2025
Service imports
$7.55B
2025
$602B
2025
Service exports
$11.7B
2025
$518B
2025
Imports of goods and services, % of GDP
57%
2025
38.1%
2025
Exports of goods and services, % of GDP
55.1%
2025
40.4%
2025

Economic freedom indices

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

Belarus Germany
Economic freedom 49.1 71.7
Economic freedom ranking 166/197 30/197
Property rights 20 95.5
Government integrity 28.3 84.5
Judicial effectiveness 11.5 94.6
Tax burden 93.5 60.5
Government spending 52.6 28.8
Fiscal health 96.8 83.1
Business freedom 50.3 79.8
Labor freedom 48 52.2
Monetary freedom 69 72.5
Trade freedom 69.2 79.4
Investment freedom 30 60
Financial freedom 20 70

Economic freedom comparison by year

Belarus
Germany
1x
Year Economic freedom index
Belarus Germany
2026 49.1 71.7
2025 48.9 71.6
2024 48.4 72.1
2023 51 73.7
2022 53 76.1
2021 61 72.5
2020 61.7 73.5
2019 57.9 73.5
2018 58.1 74.2
2017 58.6 73.8
2016 48.8 74.4
2015 49.8 73.8
2014 50.1 73.4
2013 48 72.8
2012 49 71
2011 47.9 71.8
2010 48.7 71.1
2009 45 70.5
2008 45.3 70.6
2007 47 70.8
2006 47.5 70.8
2005 46.7 68.1
2004 43.1 69.5
2003 39.7 69.7
2002 39 70.4
2001 38 69.5
2000 41.3 65.7
1999 35.4 65.6
1998 38 64.3
1997 39.8 67.5
1996 38.7 69.1
1995 40.4 69.8

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

GeoRank.org/economy/belarus/germany | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 71.7 for Germany, ranking 30/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Germany
Services, % of GDP
50%
2025
64.5%
2025
Industry, % of GDP
31.6%
2025
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
0.87%
2025
GNI, Atlas method
$83.3B
2025
$5.03T
2025
GNI per capita, PPP
$34,310
2025
$78,140
2025
Total reserves including gold
$14.5B
2025
$572B
2025
Total reserves ranking
72/177
2025
7/177
2025
Net foreign direct investment
-$1.43B
2025
$12.9B
2025
Net inflows of foreign direct investment
$1.74B
2024
$62.6B
2024
Net outflows of foreign direct investment
$170M
2024
$87B
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
n/a
Poverty at national poverty lines
3.5%
2024
14.8%
2021
Gross capital formation, % of GDP
27.1%
2025
21.9%
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/belarus/germany | 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 (1991–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, 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 (2021–2025, 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.

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.