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Economy of Bolivia vs Costa Rica compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $103B for Costa Rica, ranking 88/197 and 74/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $62.2B (60.4% of GDP) in Costa Rica.

Bolivia vs Costa Rica GDP by year

Bolivia
Costa Rica
1x
Year GDP, current $
Bolivia Costa Rica
2025 $64,768,947,525 $102,904,921,157
2024 $54,881,327,453 $96,715,644,331
2023 $52,340,206,946 $87,512,637,056
2022 $50,959,081,954 $71,001,226,361
2021 $47,877,892,402 $65,588,938,787
2020 $42,313,784,081 $62,806,591,555
2019 $49,056,643,589 $64,753,504,730
2018 $48,414,038,842 $62,567,765,946
2017 $45,927,439,595 $60,516,044,661
2016 $33,941,126,194 $58,847,019,588
2015 $33,000,198,249 $56,441,920,888
2014 $32,996,188,017 $52,016,408,816
2013 $30,659,338,886 $50,949,668,763
2012 $27,084,497,482 $47,231,655,493
2011 $23,963,164,697 $42,762,613,785
2010 $19,649,723,722 $37,658,616,966
2009 $17,339,992,194 $30,745,714,234
2008 $16,674,276,286 $30,801,745,703
2007 $13,120,108,008 $26,884,700,688
2006 $11,451,844,902 $22,715,540,342
2005 $9,549,122,905 $20,040,642,421
2004 $8,773,451,752 $18,610,594,844
2003 $8,082,399,640 $17,271,760,397
2002 $7,905,485,146 $16,578,820,799
2001 $8,141,516,928 $15,976,174,476
2000 $8,397,855,485 $15,013,629,579
1999 $8,285,064,435 $14,254,866,284
1998 $8,497,494,652 $13,684,255,998
1997 $7,925,736,821 $12,614,602,322
1996 $7,396,949,126 $11,678,424,727
1995 $6,715,161,732 $11,578,594,333
1994 $5,981,222,859 $10,489,903,834
1993 $5,734,699,489 $9,564,816,063
1992 $5,643,868,749 $8,579,754,953
1991 $5,343,262,457 $7,215,725,635
1990 $4,867,582,598 $5,711,687,787
1989 $4,715,973,437 $5,251,025,767
1988 $4,597,612,362 $4,614,629,898
1987 $4,347,956,338 $4,532,952,047
1986 $3,959,382,833 $4,418,983,871
1985 $5,377,276,555 $3,919,203,960
1984 $6,169,483,225 $3,660,477,856
1983 $5,422,656,823 $3,146,772,631
1982 $5,594,126,369 $2,606,623,555
1981 $5,891,598,695 $2,623,803,096
1980 $4,537,479,608 $4,831,447,001
1979 $4,421,336,383 $4,035,519,323
1978 $3,758,220,890 $3,523,208,810
1977 $3,227,436,282 $3,072,427,013
1976 $2,731,984,008 $2,412,555,426
1975 $2,404,697,651 $1,960,863,466
1974 $2,100,249,875 $1,666,544,754
1973 $1,262,968,516 $1,528,925,846
1972 $1,257,615,645 $1,238,251,696
1971 $1,095,622,896 $1,077,147,538
1970 $1,017,003,367 $984,830,158
1969 $929,629,630 $853,630,204
1968 $857,912,458 $773,841,494
1967 $755,808,081 $699,456,619
1966 $669,191,919 $647,305,630
1965 $604,377,104 $592,981,162
1964 $544,023,569 $542,578,367
1963 $482,828,283 $511,902,137
1962 $448,400,673 $479,180,824
1961 $410,101,010 $490,325,182
1960 $377,020,202 $507,513,830

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

GeoRank.org/economy/bolivia/costa-rica | CC BY

GDP per capita in Bolivia vs Costa Rica by year

Bolivia
GDP per capita

GDP per capita, PPP
Costa Rica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Costa Rica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $19,970 -
2024 $4,421 $12,878 $18,853 $31,107
2023 $4,275 $12,892 $17,141 $28,909
2022 $4,219 $12,307 $13,972 $26,226
2021 $4,011 $11,202 $12,962 $23,853
2020 $3,581 $9,581 $12,476 $22,100
2019 $4,203 $11,005 $12,952 $23,340
2018 $4,207 $10,758 $12,620 $21,498
2017 $4,048 $10,420 $12,317 $20,499
2016 $3,036 $9,242 $12,091 $19,202
2015 $2,996 $8,757 $11,715 $17,525
2014 $3,041 $8,629 $10,911 $16,394
2013 $2,870 $8,069 $10,803 $15,232
2012 $2,576 $7,184 $10,127 $14,464
2011 $2,316 $6,598 $9,276 $13,614
2010 $1,930 $6,245 $8,266 $12,928
2009 $1,731 $6,024 $6,833 $12,274
2008 $1,693 $5,890 $6,937 $12,472
2007 $1,355 $5,537 $6,138 $11,842
2006 $1,203 $5,244 $5,257 $10,800
2005 $1,020 $4,938 $4,703 $9,899
2004 $953 $4,663 $4,431 $9,365
2003 $893 $4,433 $4,173 $8,863
2002 $888 $4,304 $4,068 $8,461
2001 $930 $4,205 $3,985 $8,190
2000 $976 $4,113 $3,813 $7,879
1999 $979 $3,991 $3,691 $7,563
1998 $1,022 $3,988 $3,617 $7,306
1997 $970 $3,822 $3,408 $6,890
1996 $922 $3,645 $3,227 $6,568
1995 $853 $3,494 $3,275 $6,515
1994 $774 $3,331 $3,040 $6,276
1993 $757 $3,177 $2,840 $6,025
1992 $760 $3,036 $2,612 $5,635
1991 $734 $2,981 $2,253 $5,175
1990 $683 $2,797 $1,830 $5,021
1989 $675 - $1,725 -
1988 $673 - $1,555 -
1987 $650 - $1,567 -
1986 $604 - $1,569 -
1985 $838 - $1,429 -
1984 $982 - $1,372 -
1983 $882 - $1,213 -
1982 $930 - $1,032 -
1981 $1,001 - $1,068 -
1980 $788 - $2,021 -
1979 $785 - $1,735 -
1978 $683 - $1,556 -
1977 $600 - $1,393 -
1976 $520 - $1,123 -
1975 $468 - $937 -
1974 $418 - $817 -
1973 $257.2 - $769 -
1972 $261.9 - $639 -
1971 $233.4 - $570 -
1970 $221.6 - $536 -
1969 $207.1 - $477 -
1968 $195.5 - $445 -
1967 $176.1 - $414 -
1966 $159.3 - $395 -
1965 $147.1 - $374 -
1964 $135.2 - $354 -
1963 $122.6 - $346 -
1962 $116.2 - $335 -
1961 $108.5 - $356 -
1960 $101.8 - $382 -

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

GeoRank.org/economy/bolivia/costa-rica | CC BY

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $19,970 in Costa Rica, ranking 59/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Costa Rica ranks 72nd at $31,107.

Economic indicators

Bolivia Costa Rica
Gross domestic product
$64.8B
2025
$103B
2025
GDP rank
88/197
2025
74/197
2025
GDP growth
-1.58%
2024-2025
4.56%
2024-2025
GDP per capita
$5,148
2025
$19,970
2025
GDP per capita rank
121/197
2025
59/197
2025
GDP per capita, PPP
$12,878
2024
$31,107
2024
GDP per capita PPP rank
122/197
2024
72/197
2024
Government debt
$54.9B
2025
$62.2B
2025
Debt-to-GDP ratio
84.8%
2025
60.4%
2025
Government debt per person
$4,364
2025
$12,064
2025
Government debt per person rank
93/185
2025
51/185
2025
Average annual personal income after taxes
$4,410
2026
$12,879
2026
Market capitalization of domestic companies n/a
$2.23B
2022
Income share by richest 10%
30.6%
2024
34.3%
2025
Income share by poorest 10%
1.9%
2024
1.8%
2025
Government expenditure, % of GDP
32.2%
2025
17.8%
2025
Consumer prices inflation
19.5%
2024-2025
-0.07%
2024-2025
Central bank interest rate
3.26%
2025
3.5%
2025
Unemployment rate
2.73%
2024
6.34%
2025
Population
12837312
5186356

Spending and national debt comparison by year

Bolivia
Spending

Debt
Costa Rica
Spending

Debt
1x
Year % of GDP
Bolivia Costa Rica
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 17.8% 60.4%
2024 33.5% 83.2% 18.6% 58.9%
2023 33.5% 78.3% 18.3% 60.4%
2022 31.2% 69.2% 18.7% 61.4%
2021 29.4% 68.7% 20.6% 67%
2020 31.9% 67.5% 22.1% 66.5%
2019 30.1% 48.9% 21.6% 56.1%
2018 31.4% 44.2% 18.9% 51.7%
2017 31.6% 41.9% 19.2% 47.1%
2016 32.9% 38.2% 18.8% 44.1%
2015 37% 34% 18.8% 39.8%
2014 34.9% 31.8% 18.4% 37.4%
2013 30.4% 31% 18.5% 35.1%
2012 31.3% 30.7% 17.3% 33.7%
2011 30.6% 30.5% 17.2% 29.5%
2010 27.5% 32.8% 18% 28.1%
2009 28.9% 34.1% 16.7% 26%
2008 31.1% 32.4% 15.2% 24%
2007 28.9% 35.5% 14.6% 27%
2006 26.6% 48.6% 15.2% 33%
2005 29.5% 73.2% 15.9% 37.3%
2004 29% 80.6% 17% 41%
2003 28.6% 85.5% 17.6% 40.6%
2002 29.6% 77.2% 18.6% 41.4%
2001 28.6% 74.4% 17.3% 39.6%
2000 26.2% 66.5% 16.9% 38.9%
1999 26.3% 61.7% 16.7% 39%
1998 26.8% 61.2% 16% 40.7%
1997 25.3% 64.6% 16.3% 30.6%
1996 23.3% 72.4% 17.3% 33.7%
1995 23.1% 81.7% 16.4% 29.1%
1994 23.9% 87.6% 17.4% 27%
1993 24.3% 83.8% 13.8% 24.4%
1992 22.6% 92.4% 13.7% 23.3%
1991 21.6% 92.8% 14% 28.4%
1990 20.4% 102.9% 18.9% 18.5%
1989 24.4% 98% 26.1% 19.3%
1988 24% 115.9% 24.5% 18.2%
1987 24.4% 145.3% 27.2% 21.2%
1986 22.2% 149% 26.4% 26.1%
1985 21.8% 205.2% 21.8% 22.8%
1984 29% 166.5% 22.8% 25.2%
1983 32.1% 157.3% 23.6% 29.8%
1982 25% 155.4% 18.4% 31.8%
1981 16.6% 121.7% 21% 32.3%
1980 19.8% 100% 25% 37.7%
1979 18% 92% 24.9% 39.5%
1978 17.3% 82.5% 23.2% 41.7%
1977 18.6% 82.4% 19.3% 27.8%
1976 16.8% 68.9% 20.1% 29.5%
1975 14.4% 56.2% 19.1% 26.1%
1974 14.2% 52.7% 18.3% 30.3%
1973 14.1% 80.9% 18.4% 32.8%
1972 11.8% 77.7% 17.2% 31.8%
1971 11.3% 65.7% 17.5% 30.4%
1970 10% 63.9% 14.9% 28.6%
1969 12.3% - 14.5% 26.1%
1968 14.1% - 13.8% 27.7%
1967 13.1% - 14.7% 26.7%
1966 12.9% - 14.3% 24.8%
1965 12.9% - 13.8% 24.1%
1964 10.8% - 13.5% 22.7%
1963 10.8% - 13.3% 21.8%
1962 10.2% - 14% 19.7%
1961 10.7% - 13.2% 20.3%
1960 10.1% - 12.5% 16.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/costa-rica | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Costa Rica spent $18.3B, or 17.8% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 60.4% in Costa Rica, ranking 36/185 and 77/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Costa Rica
1x
Year Deficit/surplus, % of GDP
Bolivia Costa Rica
2025 -11.6% -3.35%
2024 -8.7% -3.73%
2023 -9.46% -3.21%
2022 -6.15% -2.74%
2021 -7.87% -5.04%
2020 -11% -8.32%
2019 -6.04% -6.65%
2018 -6.8% -5.65%
2017 -6.42% -5.88%
2016 -5.95% -5.09%
2015 -5.76% -5.52%
2014 -2.88% -5.45%
2013 0.51% -5.25%
2012 1.49% -4.22%
2011 0.72% -3.91%
2010 1.42% -4.96%
2009 2.29% -3.25%
2008 3.1% 0.18%
2007 -1.37% 0.56%
2006 3.99% -1.04%
2005 -2% -2.09%
2004 -4.97% -3.42%
2003 -7.04% -3.43%
2002 -7.82% -4.99%
2001 -6.11% -3.47%
2000 -3.34% -3.68%
1999 -3.43% -2.88%
1998 -4.56% -2.96%
1997 -2.94% -3.39%
1996 -1.7% -4.32%
1995 -1.63% -3.68%
1994 -2.68% -5.46%
1993 -5.46% -1.52%
1992 -3.94% -1.51%
1991 -3.76% -2.41%
1990 -3.94% -4.4%
1989 -5.5% -1.55%
1988 -6.5% 0.57%
1987 -7.7% -2.57%
1986 -2.7% -4.26%
1985 -9.8% -1.06%
1984 -25.4% -0.5%
1983 -19.8% -1.84%
1982 -15.9% -0.94%
1981 -12.3% -3.14%
1980 -15.3% -7.24%
1979 -11.2% -6.6%
1978 -9.97% -4.12%
1977 -11.2% -2.63%
1976 -1.15% -2.42%
1975 -2.33% -1.13%
1974 -1.87% 0.26%
1973 -3.72% -2.41%
1972 -3.69% -4.54%
1971 -3.67% -4.72%
1970 -1.92% -1.41%
1969 -4.16% -1.61%
1968 -5.67% -1.72%
1967 -4.29% -3.03%
1966 -3.55% -2.12%
1965 -4.12% -1.71%
1964 -2.68% -1.51%
1963 -3.02% -2.01%
1962 -2.8% -1.99%
1961 -2.81% -0.71%
1960 -3.35% -0.19%
1959 -4.32% 0.49%
1958 -2.95% 0%
1957 -1.11% 0.3%
1956 -0.11% 0.05%
1955 0.33% -
1954 0.006% -
1953 -0.48% -
1952 -0.94% -
1951 -0.42% -
1950 -1.17% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/costa-rica | CC BY

In 2025, Bolivia's government deficit, the difference between spending and revenue, was $7.51B, equivalent to 11.6% of GDP. This compares to Costa Rica's deficit of $3.45B, or 3.35% of GDP.

Over the past 66 years, Bolivia recorded a fiscal deficit in 59 of those years, while Costa Rica ran a deficit in 62 years. On average, Bolivia posted an annual deficit equal to 5.3% of GDP, compared to deficit of 3.11% of GDP for Costa Rica.

Inflation comparison by year

Inflation
Bolivia

Costa Rica
1x
Year Consumer prices inflation
Bolivia Costa Rica
2025 19.5% -0.07%
2024 5.1% -0.41%
2023 2.58% 0.53%
2022 1.75% 8.27%
2021 0.74% 1.73%
2020 0.94% 0.72%
2019 1.84% 2.1%
2018 2.27% 2.22%
2017 2.82% 1.63%
2016 3.62% -0.02%
2015 4.06% 0.8%
2014 5.77% 4.52%
2013 5.74% 5.23%
2012 4.52% 4.5%
2011 9.88% 4.88%
2010 2.5% 5.66%
2009 3.35% 7.84%
2008 14% 13.4%
2007 8.71% 9.36%
2006 4.28% 11.5%
2005 5.39% 13.8%
2004 4.44% 12.3%
2003 3.34% 9.45%
2002 0.93% 9.17%
2001 1.59% 11.3%
2000 4.61% 11%
1999 2.16% 10%
1998 7.67% 11.7%
1997 4.71% 13.2%

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

GeoRank.org/economy/bolivia/costa-rica | CC BY

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 6.42% in Costa Rica. In 2025, inflation was 19.5% in Bolivia and -0.07% in Costa Rica.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $1.72M
Raw materials & minerals $1.11M
Raw agricultural goods $779K
Machinery & equipment $244K
Metals $101K
Weapons & explosives $60K
Miscellaneous $18K
Textiles & consumer goods $3K
Precious metals & jewellery $2K
Costa Rica
Export category Export value
Textiles & consumer goods $274K
Chemicals & pharma $180K
Machinery & equipment $161K
Raw agricultural goods $46K
Metals $36K
Processed food, beverages & tobacco $34K
Raw materials & minerals $25K
Precious metals & jewellery $1K

Balance of trade

Bolivia Costa Rica
Current account balance
-$1.22B
2025
-$687M
2025
Current account balance ranking
124/190
2025
108/190
2025
Current account balance, % of GDP
-1.88%
2025
-0.67%
2025
Goods imports
$9.23B
2025
$24.4B
2025
Goods exports
$9.56B
2025
$23.5B
2025
Service imports
$2.25B
2025
$8.64B
2025
Service exports
$1.21B
2025
$18.1B
2025
Imports of goods and services, % of GDP
25.5%
2024
32.6%
2025
Exports of goods and services, % of GDP
21.4%
2024
38.8%
2025

Economic freedom indices

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

Bolivia Costa Rica
Economic freedom 42.4 69.1
Economic freedom ranking 184/197 43/197
Property rights 20.2 66
Government integrity 27.1 64.1
Judicial effectiveness 29.5 76.9
Tax burden 86.4 78.6
Government spending 56.3 89.3
Fiscal health 0.8 75.6
Business freedom 53.6 79.9
Labor freedom 52.2 55.9
Monetary freedom 67.1 78.2
Trade freedom 60.6 75
Investment freedom 15 50
Financial freedom 40 40

Economic freedom comparison by year

Bolivia
Costa Rica
1x
Year Economic freedom index
Bolivia Costa Rica
2026 42.4 69.1
2025 44.1 68.6
2024 43.5 67.7
2023 43.4 66.5
2022 43 65.4
2021 42.7 64.2
2020 42.8 65.8
2019 42.3 65.3
2018 44.1 65.6
2017 47.7 65
2016 47.4 67.4
2015 46.8 67.2
2014 48.4 66.9
2013 47.9 67
2012 50.2 68
2011 50 67.3
2010 49.4 65.9
2009 53.6 66.4
2008 53.1 64.2
2007 54.2 64
2006 57.8 65.9
2005 58.4 66.1
2004 64.5 66.4
2003 64.3 67
2002 65.1 67.5
2001 68 67.6
2000 65 68.4
1999 65.6 67.4
1998 68.8 65.6
1997 65.1 65.6
1996 65.2 66.4
1995 56.8 68

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

GeoRank.org/economy/bolivia/costa-rica | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 69.1 for Costa Rica, ranking 43/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Costa Rica
Services, % of GDP
53.4%
2024
69.2%
2025
Industry, % of GDP
31.3%
2024
19.9%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
3.37%
2025
GNI, Atlas method
$55.6B
2025
$92.4B
2025
GNI per capita, PPP
$12,530
2025
$30,760
2025
Total reserves including gold
$580M
2025
$17.1B
2025
Total reserves ranking
155/177
2025
70/177
2025
Net foreign direct investment
-$464M
2025
-$5.12B
2025
Net inflows of foreign direct investment
$358M
2024
$5.4B
2024
Net outflows of foreign direct investment
$133M
2024
$337M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
6.31%
2023
Poverty at national poverty lines
37.7%
2024
17.1%
2025
Gross capital formation, % of GDP
17.9%
2024
15.8%
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/bolivia/costa-rica | 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 (1950–1999, 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.