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Economy of Bosnia and Herzegovina vs Brazil compared: GDP & Debt

Updated on by Georank team

Bosnia and Herzegovina has a GDP of $29.6B compared to $2.19T for Brazil, ranking 111/197 and 10/197 by economy size, respectively.

Bosnia and Herzegovina has $8.74B in government debt (29.5% of GDP), compared to $1.91T (87.3% of GDP) in Brazil.

Bosnia and Herzegovina vs Brazil GDP by year

Bosnia and Herzegovina
Brazil
1x
Year GDP, current $
Bosnia Brazil
2024 $29,613,572,023 $2,185,821,648,944
2023 $27,592,361,498 $2,191,131,869,706
2022 $24,534,663,636 $1,951,923,832,084
2021 $23,672,712,121 $1,670,647,464,063
2020 $20,226,038,370 $1,476,107,292,152
2019 $20,482,608,984 $1,873,288,158,839
2018 $20,484,058,033 $1,916,933,708,353
2017 $18,326,373,136 $2,063,514,688,806
2016 $17,116,926,554 $1,795,693,265,999
2015 $16,404,348,361 $1,802,211,999,456
2014 $18,558,734,107 $2,456,043,766,032
2013 $18,179,109,209 $2,472,819,362,044
2012 $17,226,735,996 $2,465,228,293,707
2011 $18,644,233,537 $2,616,156,606,579
2010 $17,176,315,804 $2,208,838,108,484
2009 $17,613,949,091 $1,666,996,294,252
2008 $19,112,796,623 $1,695,855,391,758
2007 $15,778,734,264 $1,397,114,247,189
2006 $12,864,841,906 $1,107,626,711,163
2005 $11,222,796,337 $891,633,826,625
2004 $10,156,541,221 $669,289,321,945
2003 $8,498,894,359 $558,233,724,165
2002 $6,728,220,983 $509,795,270,685
2001 $5,800,615,375 $559,983,704,094
2000 $5,567,772,769 $655,448,188,259
1999 $4,686,256,363 $599,642,075,004
1998 $4,116,774,301 $863,711,007,325
1997 $3,671,909,673 $883,206,452,795
1996 $2,786,045,322 $850,426,433,004
1995 $1,866,572,954 $769,333,330,412
1994 $1,255,802,469 $525,369,851,354
1993 $3,630,668,950 $368,295,778,245
1992 $4,735,044,707 $328,187,960,872
1991 $6,122,959,184 $342,609,231,343
1990 $7,753,478,261 $390,725,626,003
1989 - $412,990,820,287
1988 - $307,881,930,752
1987 - $283,056,836,894
1986 - $256,480,852,471
1985 - $210,879,844,639
1984 - $188,339,974,087
1983 - $189,656,506,321
1982 - $271,314,113,768
1981 - $258,015,174,749
1980 - $237,393,489,893
1979 - $221,338,204,480
1978 - $200,278,646,124
1977 - $176,344,101,402
1976 - $153,168,949,208
1975 - $129,203,555,239
1974 - $109,794,519,728
1973 - $83,592,275,863
1972 - $58,434,858,375
1971 - $48,869,830,902
1970 - $42,327,664,794
1969 - $37,171,640,819
1968 - $33,930,457,425
1967 - $31,086,389,195
1966 - $28,283,323,733
1965 - $22,465,522,884
1964 - $20,963,733,695
1963 - $23,287,712,878
1962 - $19,231,747,852
1961 - $17,275,940,449
1960 - $17,030,465,539

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

GeoRank.org/economy/bosnia-and-herzegovina/brazil | CC BY

GDP per capita in Bosnia and Herzegovina vs Brazil by year

Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Brazil
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bosnia Brazil
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,359 $25,043 $10,311 $22,338
2023 $8,663 $23,376 $10,378 $21,176
2022 $7,656 $21,651 $9,281 $19,877
2021 $7,295 $18,287 $7,973 $18,076
2020 $6,130 $16,370 $7,074 $16,102
2019 $6,122 $16,429 $9,030 $16,070
2018 $6,048 $14,859 $9,301 $15,464
2017 $5,345 $13,627 $10,081 $14,559
2016 $4,929 $12,899 $8,836 $14,309
2015 $4,662 $11,845 $8,936 $14,821
2014 $5,206 $11,168 $12,275 $15,827
2013 $5,035 $10,808 $12,459 $15,722
2012 $4,694 $10,121 $12,522 $15,198
2011 $4,983 $9,761 $13,397 $15,212
2010 $4,506 $9,086 $11,403 $14,452
2009 $4,540 $8,698 $8,679 $13,391
2008 $4,842 $8,587 $8,908 $13,445
2007 $3,931 $7,686 $7,410 $12,673
2006 $3,166 $6,869 $5,934 $11,751
2005 $2,740 $5,956 $4,828 $11,081
2004 $2,453 $5,407 $3,664 $10,526
2003 $2,034 $4,917 $3,091 $9,802
2002 $1,607 $4,665 $2,856 $9,617
2001 $1,388 $4,307 $3,176 $9,304
2000 $1,338 $4,148 $3,767 $9,092
1999 $1,135 $3,875 $3,494 $8,635
1998 $1,007 $3,524 $5,106 $8,599
1997 $914 $3,041 $5,299 $8,602
1996 $719 $2,269 $5,179 $8,301
1995 $502 $1,507 $4,757 $8,097
1994 $337 $1,269 $3,299 $7,727
1993 $930 $1,067 $2,349 $7,260
1992 $1,118 $982 $2,127 $6,869
1991 $1,373 $975 $2,258 $6,867
1990 $1,743 $1,043 $2,620 $6,688
1989 - - $2,819 -
1988 - - $2,141 -
1987 - - $2,006 -
1986 - - $1,854 -
1985 - - $1,556 -
1984 - - $1,420 -
1983 - - $1,461 -
1982 - - $2,138 -
1981 - - $2,080 -
1980 - - $1,959 -
1979 - - $1,870 -
1978 - - $1,733 -
1977 - - $1,562 -
1976 - - $1,390 -
1975 - - $1,201 -
1974 - - $1,045 -
1973 - - $815 -
1972 - - $583 -
1971 - - $500 -
1970 - - $444 -
1969 - - $399 -
1968 - - $374 -
1967 - - $351 -
1966 - - $328 -
1965 - - $268 -
1964 - - $257.3 -
1963 - - $294.2 -
1962 - - $250.2 -
1961 - - $231.6 -
1960 - - $235.3 -

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

GeoRank.org/economy/bosnia-and-herzegovina/brazil | CC BY

Bosnia and Herzegovina's GDP per capita is $9,359, ranking 87/197, compared to $10,311 in Brazil, ranking 85/197. Adjusted for purchasing power (GDP per capita PPP), Bosnia and Herzegovina ranks 83rd at $25,043, while Brazil ranks 88th at $22,338.

Economic indicators

Bosnia Brazil
Gross domestic product
$29.6B
2024
$2.19T
2024
GDP rank
111/197
2024
10/197
2024
GDP growth
2.97%
2023-2024
3.42%
2023-2024
GDP per capita
$9,359
2024
$10,311
2024
GDP per capita rank
87/197
2024
85/197
2024
GDP per capita, PPP
$25,043
2024
$22,338
2024
GDP per capita PPP rank
83/197
2024
88/197
2024
Government debt
$8.74B
2024
$1.91T
2024
Debt-to-GDP ratio
29.5%
2024
87.3%
2024
Government debt per person
$2,763
2024
$8,999
2024
Government debt per person rank
107/185
2024
60/185
2024
Average annual personal income after taxes
$8,501
2026
$6,263
2026
Market capitalization of domestic companies n/a
$659B
2024
Number of millionaires n/a
433,000
2025
Number of billionaires n/a
56
2025
Income share by richest 10%
25.1%
2011
40.8%
2023
Income share by poorest 10%
2.9%
2011
1.3%
2023
Government expenditure, % of GDP
43.3%
2024
45.7%
2024
Consumer prices inflation
1.7%
2023-2024
4.4%
2023-2024
Central bank interest rate n/a
15%
2025
Unemployment rate
10.7%
2024
6.8%
2024
Population
3116111
213824938

Spending and national debt comparison by year

Bosnia and Herzegovina
Spending

Debt
Brazil
Spending

Debt
1x
Year % of GDP
Bosnia Brazil
Government spending Government debt Government spending Government debt
2024 43.3% 29.5% 45.7% 87.3%
2023 41.7% 29% 45.3% 84%
2022 39.4% 31.2% 43.4% 83.9%
2021 40.6% 35.8% 40.4% 88.9%
2020 45.4% 37.2% 46.2% 96%
2019 39.9% 32.8% 43% 87.1%
2018 40.4% 34.5% 44.2% 84.8%
2017 40% 38.6% 44.3% 82.7%
2016 41.5% 44.9% 45.5% 77.4%
2015 42.7% 46.4% 46.2% 71.7%
2014 46.2% 47.1% 41.4% 61.6%
2013 44.5% 43.8% 39.8% 59.6%
2012 46.9% 43.6% 39.3% 61.6%
2011 46.4% 40.9% 39.4% 60.6%
2010 48.7% 42.2% 39.5% 62.4%
2009 49% 36.4% 40.5% 64.7%
2008 48.4% 30.3% 39.9% 61.4%
2007 45.2% 18.2% 40.4% 63%
2006 44.2% 20.6% 42.6% 64.6%
2005 44.5% 24.9% 41.9% 67%
2004 45.6% 25.5% 39.7% 68%
2003 47.3% 27.6% 41.3% 71.5%
2002 47.4% 31.1% 44.5% 76.1%
2001 50.2% 35.1% 39.8% 67.3%
2000 56.2% 34.6% 34.5% 62.2%
1999 57.5% 56% 39.6% 44.5%
1998 54.4% 54.4% 40.9% 38.9%
1997 - - 38.6% 31.8%
1996 - - 38.2% 30.7%
1995 - - - 28%
1994 - - - 30%
1993 - - - 32.6%
1992 - - - 37.1%
1991 - - - 38.1%
1990 - - - 40.6%
1989 - - - 40.2%
1988 - - - 46.9%
1987 - - - 50.3%
1986 - - 11.7% 49.4%
1985 - - 11.1% 52.6%
1984 - - 10% 55.8%
1983 - - 9.7% 51.5%
1982 - - 8.1% 32.8%
1981 - - 7.8% 34.6%
1980 - - 6.8% 39.7%
1979 - - 9% 36.6%
1978 - - 10.2% 37%
1977 - - 10.4% 31%
1976 - - 10.6% 31.8%
1975 - - 10.7% 27.7%
1974 - - 10.5% 25.7%
1973 - - 11% 22.4%
1972 - - 12.6% 22.5%
1971 - - 11.7% 17.9%
1970 - - 11.4% 17%
1969 - - 11.2% 16.5%
1968 - - 14.4% 15.8%
1967 - - 13.5% 13.8%
1966 - - 14.6% 19.6%
1965 - - 14% 17.6%
1964 - - 25.4% 22.2%
1963 - - 22.8% 20.4%
1962 - - 23.1% 23.7%
1961 - - 12% 25.7%
1960 - - 13.7% 22.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/brazil | CC BY

In 2024, Bosnia and Herzegovina's government spending was $12.8B, accounting for 43.3% of its GDP, while Brazil spent $998B, or 45.7% of GDP.

Debt-to-GDP ratio is 29.5% in Bosnia and Herzegovina and 87.3% in Brazil, ranking 159/185 and 38/185, respectively.

Government deficit by year

Deficit/surplus
Bosnia and Herzegovina

Brazil
1x
Year Deficit/surplus, % of GDP
Bosnia Brazil
2024 -1.88% -6.19%
2023 -1.67% -7.71%
2022 0.15% -3.96%
2021 -0.18% -2.63%
2020 -4.5% -11.6%
2019 1.37% -4.86%
2018 1.63% -6.99%
2017 1.79% -7.97%
2016 0.34% -7.99%
2015 -0.19% -9.28%
2014 -2.87% -6.27%
2013 -1.28% -3.42%
2012 -2.68% -2.35%
2011 -2.73% -2.74%
2010 -4.06% -3.55%
2009 -5.34% -4.23%
2008 -3.82% -2.39%
2007 0.17% -2.66%
2006 2.08% -4.87%
2005 0.74% -3.36%
2004 -0.18% -2.95%
2003 -0.44% -5.4%
2002 -2.99% -4.15%
2001 -3.44% -3.47%
2000 -4.63% -3.32%
1999 -2.78% -5.17%
1998 -0.98% -7.22%
1997 - -5.6%
1996 - -5.35%
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -1.6%
1985 - -1.3%
1984 - -0.4%
1983 - 0.1%
1982 - 1.4%
1981 - 1%
1980 - 2.5%
1979 - 0.4%
1978 - -0.1%
1977 - 0.1%
1976 - 0.1%
1975 - 0%
1974 - 0.6%
1973 - 0.1%
1972 - -0.1%
1971 - -0.3%
1970 - -0.4%
1969 - -0.6%
1968 - -1.6%
1967 - -2.1%
1966 - -1.3%
1965 - -2%
1964 - -8.79%
1963 - -5.78%
1962 - -6.82%
1961 - -2.93%
1960 - -3.85%
1959 - -0.18%
1958 - -0.76%
1957 - -0.29%
1956 - -0.14%
1955 - -0.62%
1954 - -0.49%
1953 - -1.26%
1952 - 0.64%
1951 - 0.87%
1950 - -1.58%
1949 - -1.22%
1948 - 0.002%
1947 - 0.25%
1946 - -1.78%
1945 - -2.87%
1944 - -2.37%
1943 - -0.75%
1942 - -2.55%
1941 - -2.15%
1940 - -1.13%
1939 - -1.2%
1938 - -0.59%
1937 - -1.62%
1936 - -0.27%
1935 - -0.5%
1934 - -2.28%
1933 - -1.56%
1932 - -6.47%
1931 - -1.56%
1930 - -3.58%
1929 - -0.09%
1928 - 0.57%
1927 - 0.12%
1926 - -0.76%
1925 - -0.07%
1924 - -0.45%
1923 - -1.94%
1922 - -3.8%
1921 - -2.98%
1920 - -3.11%
1919 - -3.69%
1918 - -4.51%
1917 - -4.8%
1916 - -4.35%
1915 - -6.33%
1914 - -7.32%
1913 - -1.91%
1912 - -3.05%
1911 - -2.15%
1910 - -2.06%
1909 - -1.62%
1908 - -1.89%
1907 - 0.38%
1906 - 0.28%
1905 - 0.96%
1904 - -0.62%
1903 - 1.79%
1902 - 1.59%
1901 - -2.46%
1900 - -5.57%
1899 - -2.13%
1898 - -14%
1897 - -2.38%
1896 - -0.79%
1895 - -1.33%
1894 - -4.11%
1893 - -1.77%
1892 - -2.6%
1891 - 0.51%
1890 - -3.02%
1889 - -3.79%
1888 - 0.63%
1887 - -0.76%
1886 - -3.8%
1885 - -5.71%
1884 - -3.89%
1883 - -3.33%
1882 - -1.58%
1881 - -1.9%
1880 - -4.84%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/brazil | CC BY

In 2024, Bosnia and Herzegovina's government deficit, the difference between spending and revenue, was $557M, equivalent to 1.88% of GDP. This compares to Brazil's deficit of $135B, or 6.19% of GDP.

Over the past 27 years, Bosnia and Herzegovina recorded a fiscal deficit in 19 of those years, while Brazil ran a deficit in 27 years. On average, Bosnia and Herzegovina posted an annual deficit equal to 1.42% of GDP, compared to deficit of 5.07% of GDP for Brazil.

Inflation comparison by year

Inflation
Bosnia and Herzegovina

Brazil
1x
Year Consumer prices inflation
Bosnia Brazil
2024 1.7% 4.4%
2023 6.1% 4.6%
2022 14% 9.3%
2021 2% 8.3%
2020 -1.1% 3.2%
2019 0.6% 3.7%
2018 1.4% 3.7%
2017 0.8% 3.4%
2016 -1.6% 8.7%
2015 -1% 9%
2014 -0.9% 6.3%
2013 -0.1% 6.2%
2012 2.1% 5.4%
2011 4% 6.6%
2010 2.1% 5%
2009 -0.4% 4.9%
2008 7.4% 5.7%
2007 1.5% 3.6%
2006 6.1% 4.2%
2005 3.6% 6.9%
2004 0.3% 6.6%
2003 0.5% 14.7%
2002 0.3% 8.4%
2001 3.2% 6.8%
2000 5% 7%
1999 2.8% 4.9%
1998 -0.3% 3.2%
1997 5.7% 6.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/bosnia-and-herzegovina/brazil | CC BY

Over the past 28 years, Bosnia and Herzegovina has recorded an average annual inflation rate of 2.35%, compared with 6.13% in Brazil. In 2024, inflation was 1.7% in Bosnia and Herzegovina and 4.4% in Brazil.

Top exports between countries

Bosnia
Export category Export value
Transport & tourism services $2.78M
Machinery & equipment $2.38M
IT & IP services $443K
Metals $413K
Textiles & consumer goods $263K
Raw materials & minerals $74K
Processed food, beverages & tobacco $14K
Wood & paper products $12K
Brazil
Export category Export value
Textiles & consumer goods $842K
Machinery & equipment $505K
Raw materials & minerals $419K
Metals $210K
Chemicals & pharma $161K
Raw agricultural goods $144K
Wood & paper products $70K
Processed food, beverages & tobacco $52K
Weapons & explosives $51K
Animal & marine products $30K

Balance of trade

Bosnia Brazil
Current account balance
-$1.03B
2024
-$66.2B
2024
Current account balance ranking
123/190
2024
188/190
2024
Current account balance, % of GDP
-3.47%
2024
-3.03%
2024
Goods imports
$14.8B
2024
$274B
2024
Goods exports
$8.36B
2024
$340B
2024
Service imports
$1.27B
2024
$103B
2024
Service exports
$3.74B
2024
$48.1B
2024
Imports of goods and services, % of GDP
54.3%
2024
17.6%
2024
Exports of goods and services, % of GDP
40.9%
2024
17.9%
2024

Economic freedom indices

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

Bosnia Brazil
Economic freedom 63.1 52.4
Economic freedom ranking 83/197 148/197
Property rights 46.9 49.2
Government integrity 36.8 37.2
Judicial effectiveness 36.1 55.6
Tax burden 93.9 70.6
Government spending 48.4 39.8
Fiscal health 96.2 28
Business freedom 65.1 65.7
Labor freedom 62.7 57
Monetary freedom 77.5 76
Trade freedom 69 69
Investment freedom 65 40
Financial freedom 60 40

Economic freedom comparison by year

Bosnia and Herzegovina
Brazil
1x
Year Economic freedom index
Bosnia Brazil
2026 63.1 52.4
2025 63.5 55.1
2024 62 53.2
2023 62.9 53.5
2022 63.4 53.3
2021 62.9 53.4
2020 62.6 53.7
2019 61.9 51.9
2018 61.4 51.4
2017 60.2 52.9
2016 58.6 56.5
2015 59 56.6
2014 58.4 56.9
2013 57.3 57.7
2012 57.3 57.9
2011 57.5 56.3
2010 56.2 55.6
2009 53.1 56.7
2008 53.9 56.2
2007 54.4 56.2
2006 55.6 60.9
2005 48.8 61.7
2004 44.7 62
2003 40.6 63.4
2002 37.4 61.5
2001 36.6 61.9
2000 45.1 61.1
1999 29.4 61.3
1998 29.4 52.3
1997 - 52.6
1996 - 48.1
1995 - 51.4

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

GeoRank.org/economy/bosnia-and-herzegovina/brazil | CC BY

The Economic Freedom Index for Bosnia and Herzegovina is 63.1, ranking 83/197, compared to 52.4 for Brazil, ranking 148/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bosnia Brazil
Services, % of GDP
56.6%
2024
59.2%
2024
Industry, % of GDP
22.4%
2024
20.9%
2024
Agriculture, forestry, and fishing, % of GDP
4.53%
2024
5.75%
2024
GNI, Atlas method
$27.8B
2024
$2.11T
2024
GNI per capita, PPP
$24,990
2024
$21,590
2024
Total reserves including gold
$9.42B
2024
$330B
2024
Total reserves ranking
79/177
2024
11/177
2024
Net foreign direct investment
-$885M
2024
-$47.8B
2024
Net inflows of foreign direct investment
$1B
2024
$74.1B
2024
Net outflows of foreign direct investment
$119M
2024
$26.3B
2024
Servicing debt to the IMF, % of GNI
4.93%
2024
5.4%
2024
Poverty at national poverty lines
16.9%
2015
4.2%
2020
Gross capital formation, % of GDP
27.5%
2024
17%
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/bosnia-and-herzegovina/brazil | 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 (1880–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, 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 (2016–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, 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.