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Economy of Brazil vs Croatia compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $93B for Croatia, ranking 10/197 and 75/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $53.5B (57.6% of GDP) in Croatia.

Brazil vs Croatia GDP by year

Brazil
Croatia
1x
Year GDP, current $
Brazil Croatia
2024 $2,185,821,648,944 $92,983,810,329
2023 $2,191,131,869,706 $85,624,153,964
2022 $1,951,923,832,084 $71,196,498,671
2021 $1,670,647,464,063 $69,002,365,163
2020 $1,476,107,292,152 $57,959,843,541
2019 $1,873,288,158,839 $61,466,721,186
2018 $1,916,933,708,353 $61,667,925,219
2017 $2,063,514,688,806 $56,182,782,586
2016 $1,795,693,265,999 $52,650,714,172
2015 $1,802,211,999,456 $50,998,893,385
2014 $2,456,043,766,032 $59,606,934,501
2013 $2,472,819,362,044 $59,846,265,182
2012 $2,465,228,293,707 $57,548,115,904
2011 $2,616,156,606,579 $62,889,007,657
2010 $2,208,838,108,484 $58,975,205,417
2009 $1,666,996,294,252 $62,315,996,675
2008 $1,695,855,391,758 $68,472,854,617
2007 $1,397,114,247,189 $59,290,621,398
2006 $1,107,626,711,163 $49,583,544,860
2005 $891,633,826,625 $45,013,119,282
2004 $669,289,321,945 $41,836,292,157
2003 $558,233,724,165 $35,245,317,002
2002 $509,795,270,685 $26,757,722,429
2001 $559,983,704,094 $23,066,883,850
2000 $655,448,188,259 $22,134,411,297
1999 $599,642,075,004 $23,777,026,779
1998 $863,711,007,325 $25,890,228,430
1997 $883,206,452,795 $24,175,764,812
1996 $850,426,433,004 $24,150,978,347
1995 $769,333,330,412 $22,772,394,547
1994 $525,369,851,354 $15,062,911,617
1993 $368,295,778,245 $11,259,647,874
1992 $328,187,960,872 $10,621,169,291
1991 $342,609,231,343 $18,760,386,775
1990 $390,725,626,003 $25,650,213,280
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/brazil/croatia | CC BY

GDP per capita in Brazil vs Croatia by year

Brazil
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $24,050 $49,551
2023 $10,378 $21,176 $22,184 $47,760
2022 $9,281 $19,877 $18,466 $42,125
2021 $7,973 $18,076 $17,789 $36,930
2020 $7,074 $16,102 $14,808 $31,594
2019 $9,030 $16,070 $15,564 $33,064
2018 $9,301 $15,464 $15,460 $29,789
2017 $10,081 $14,559 $13,902 $27,888
2016 $8,836 $14,309 $12,820 $25,803
2015 $8,936 $14,821 $12,284 $23,750
2014 $12,275 $15,827 $14,187 $22,706
2013 $12,459 $15,722 $14,135 $22,430
2012 $12,522 $15,198 $13,508 $21,619
2011 $13,397 $15,212 $14,692 $21,191
2010 $11,403 $14,452 $13,730 $20,139
2009 $8,679 $13,391 $14,475 $20,358
2008 $8,908 $13,445 $15,888 $21,018
2007 $7,410 $12,673 $13,756 $19,568
2006 $5,934 $11,751 $11,501 $17,629
2005 $4,828 $11,081 $10,444 $15,451
2004 $3,664 $10,526 $9,719 $14,686
2003 $3,091 $9,802 $8,190 $13,692
2002 $2,856 $9,617 $6,220 $12,775
2001 $3,176 $9,304 $5,365 $11,653
2000 $3,767 $9,092 $4,954 $10,675
1999 $3,494 $8,635 $5,269 $9,943
1998 $5,106 $8,599 $5,713 $9,890
1997 $5,299 $8,602 $5,331 $9,536
1996 $5,179 $8,301 $5,300 $8,806
1995 $4,757 $8,097 $4,929 $8,052
1994 $3,299 $7,727 $3,238 $7,337
1993 $2,349 $7,260 $2,448 $6,861
1992 $2,127 $6,869 $2,321 $7,326
1991 $2,258 $6,867 $4,001 $7,918
1990 $2,620 $6,688 $5,369 $9,526
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/brazil/croatia | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $24,050 in Croatia, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Croatia ranks 46th at $49,551.

Economic indicators

Brazil Croatia
Gross domestic product
$2.19T
2024
$93B
2024
GDP rank
10/197
2024
75/197
2024
GDP growth
3.42%
2023-2024
3.83%
2023-2024
GDP per capita
$10,311
2024
$24,050
2024
GDP per capita rank
85/197
2024
50/197
2024
GDP per capita, PPP
$22,338
2024
$49,551
2024
GDP per capita PPP rank
88/197
2024
46/197
2024
Government debt
$1.91T
2024
$53.5B
2024
Debt-to-GDP ratio
87.3%
2024
57.6%
2024
Government debt per person
$8,999
2024
$13,844
2024
Government debt per person rank
60/185
2024
42/185
2024
Average annual personal income after taxes
$6,263
2026
$20,856
2026
Market capitalization of domestic companies
$659B
2024
$27.8B
2024
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
1
2025
Income share by richest 10%
40.8%
2023
23.3%
2023
Income share by poorest 10%
1.3%
2023
2.9%
2023
Government expenditure, % of GDP
45.7%
2024
48%
2024
Consumer prices inflation
4.4%
2023-2024
2.97%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
5.03%
2024
Population
213824938
3812193

Spending and national debt comparison by year

Brazil
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Brazil Croatia
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 48% 57.6%
2023 45.3% 84% 46.8% 61.8%
2022 43.4% 83.9% 45% 68.5%
2021 40.4% 88.9% 48.1% 78.2%
2020 46.2% 96% 53.7% 86.5%
2019 43% 87.1% 44.3% 70.9%
2018 44.2% 84.8% 44.9% 72.8%
2017 44.3% 82.7% 44.1% 76.2%
2016 45.5% 77.4% 45.9% 79.3%
2015 46.2% 71.7% 47.5% 82.8%
2014 41.4% 61.6% 48.7% 83.2%
2013 39.8% 59.6% 47.9% 79.5%
2012 39.3% 61.6% 47.3% 68.9%
2011 39.4% 60.6% 48.6% 63.1%
2010 39.5% 62.4% 48.1% 56.8%
2009 40.5% 64.7% 49.2% 47.9%
2008 39.9% 61.4% 46.3% 38.9%
2007 40.4% 63% 46.3% 37.1%
2006 42.6% 64.6% 44.6% 38.4%
2005 41.9% 67% 46.5% 40.9%
2004 39.7% 68% 49% 40%
2003 41.3% 71.5% 49.6% 37.8%
2002 44.5% 76.1% 49.2% 36.5%
2001 39.8% 67.3% 50.6% 36.6%
2000 34.5% 62.2% 54.6% 35.4%
1999 39.6% 44.5% 58.9% 30%
1998 40.9% 38.9% 56.8% 23.3%
1997 38.6% 31.8% 51.7% 22.5%
1996 38.2% 30.7% 52.1% -
1995 - 28% 50.3% -
1994 - 30% 45.4% -
1993 - 32.6% 36% -
1992 - 37.1% 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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/brazil/croatia | CC BY

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Croatia spent $44.6B, or 48% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 57.6% in Croatia, ranking 38/185 and 86/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Croatia
1x
Year Deficit/surplus, % of GDP
Brazil Croatia
2024 -6.19% -1.95%
2023 -7.71% -0.79%
2022 -3.96% 0.12%
2021 -2.63% -2.58%
2020 -11.6% -7.23%
2019 -4.86% 2.31%
2018 -6.99% 0.23%
2017 -7.97% 0.8%
2016 -7.99% -1.04%
2015 -9.28% -3.53%
2014 -6.27% -5.19%
2013 -3.42% -5.52%
2012 -2.35% -5.46%
2011 -2.74% -7.53%
2010 -3.55% -6.46%
2009 -4.23% -7.15%
2008 -2.39% -2.34%
2007 -2.66% -2.28%
2006 -4.87% -2.01%
2005 -3.36% -3.24%
2004 -2.95% -6.09%
2003 -5.4% -5.03%
2002 -4.15% -4.9%
2001 -3.47% -4.79%
2000 -3.32% -9.2%
1999 -5.17% -11.1%
1998 -7.22% -6.36%
1997 -5.6% -4.93%
1996 -5.35% -4.41%
1995 - -4.23%
1994 - -0.82%
1993 - -2.67%
1992 - -5.69%
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 (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/croatia | CC BY

In 2024, Brazil's government deficit, the difference between spending and revenue, was $135B, equivalent to 6.19% of GDP. This compares to Croatia's deficit of $1.82B, or 1.95% of GDP.

Over the past 33 years, Brazil recorded a fiscal deficit in 29 of those years, while Croatia ran a deficit in 29 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 3.97% of GDP for Croatia.

Inflation comparison by year

Inflation
Brazil

Croatia
1x
Year Consumer prices inflation
Brazil Croatia
2024 4.4% 2.97%
2023 4.6% 7.94%
2022 9.3% 10.8%
2021 8.3% 2.55%
2020 3.2% 0.15%
2019 3.7% 0.77%
2018 3.7% 1.5%
2017 3.4% 1.13%
2016 8.7% -1.12%
2015 9% -0.46%
2014 6.3% -0.22%
2013 6.2% 2.22%
2012 5.4% 3.41%
2011 6.6% 2.27%
2010 5% 1.03%
2009 4.9% 2.38%
2008 5.7% 6.08%
2007 3.6% 2.9%
2006 4.2% 3.19%
2005 6.9% 3.32%
2004 6.6% 2.06%
2003 14.7% 1.77%
2002 8.4% 1.67%
2001 6.8% 3.78%
2000 7% 4.61%
1999 4.9% 4.02%
1998 3.2% 6.4%
1997 6.9% 4.17%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/brazil/croatia | CC BY

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 2.9% in Croatia. In 2024, inflation was 4.4% in Brazil and 2.97% in Croatia.

Top exports between countries

Brazil
Export category Export value
Raw agricultural goods $29.4M
Processed food, beverages & tobacco $27.5M
Raw materials & minerals $9.27M
Machinery & equipment $2.58M
Wood & paper products $2.19M
Textiles & consumer goods $2.1M
Chemicals & pharma $2.09M
Metals $415K
Animal & marine products $22K
Precious metals & jewellery $3K
Croatia
Export category Export value
Transport & tourism services $40.7M
Raw agricultural goods $10.3M
Chemicals & pharma $3.14M
Weapons & explosives $2.25M
Machinery & equipment $2.22M
Processed food, beverages & tobacco $1.55M
IT & IP services $1.2M
Business & finance services $1.08M
Textiles & consumer goods $1.05M
Metals $943K

Balance of trade

Brazil Croatia
Current account balance
-$66.2B
2024
-$1.05B
2024
Current account balance ranking
188/190
2024
125/190
2024
Current account balance, % of GDP
-3.03%
2024
-1.13%
2024
Goods imports
$274B
2024
$41.5B
2024
Goods exports
$340B
2024
$21.9B
2024
Service imports
$103B
2024
$8.35B
2024
Service exports
$48.1B
2024
$24.7B
2024
Imports of goods and services, % of GDP
17.6%
2024
54.8%
2024
Exports of goods and services, % of GDP
17.9%
2024
50.1%
2024

Economic freedom indices

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

Brazil Croatia
Economic freedom 52.4 67.5
Economic freedom ranking 148/197 56/197
Property rights 49.2 81.1
Government integrity 37.2 52.6
Judicial effectiveness 55.6 71.7
Tax burden 70.6 70
Government spending 39.8 34.9
Fiscal health 28 92.2
Business freedom 65.7 79.6
Labor freedom 57 58.9
Monetary freedom 76 69.9
Trade freedom 69 79.4
Investment freedom 40 60
Financial freedom 40 60

Economic freedom comparison by year

Brazil
Croatia
1x
Year Economic freedom index
Brazil Croatia
2026 52.4 67.5
2025 55.1 68.7
2024 53.2 67.2
2023 53.5 66.4
2022 53.3 67.6
2021 53.4 63.6
2020 53.7 62.2
2019 51.9 61.4
2018 51.4 61
2017 52.9 59.4
2016 56.5 59.1
2015 56.6 61.5
2014 56.9 60.4
2013 57.7 61.3
2012 57.9 60.9
2011 56.3 61.1
2010 55.6 59.2
2009 56.7 55.1
2008 56.2 54.1
2007 56.2 53.4
2006 60.9 53.6
2005 61.7 51.9
2004 62 53.1
2003 63.4 53.3
2002 61.5 51.1
2001 61.9 50.7
2000 61.1 53.6
1999 61.3 53.1
1998 52.3 51.7
1997 52.6 46.7
1996 48.1 48
1995 51.4 -

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

GeoRank.org/economy/brazil/croatia | CC BY

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 67.5 for Croatia, ranking 56/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Croatia
Services, % of GDP
59.2%
2024
60.8%
2024
Industry, % of GDP
20.9%
2024
19.2%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
2.9%
2024
GNI, Atlas method
$2.11T
2024
$86B
2024
GNI per capita, PPP
$21,590
2024
$49,740
2024
Total reserves including gold
$330B
2024
$3.34B
2024
Total reserves ranking
11/177
2024
116/177
2024
Net foreign direct investment
-$47.8B
2024
-$1.88B
2024
Net inflows of foreign direct investment
$74.1B
2024
$4.54B
2024
Net outflows of foreign direct investment
$26.3B
2024
$2.79B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
4.2%
2020
20.3%
2023
Gross capital formation, % of GDP
17%
2024
24.4%
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/brazil/croatia | 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 (1992–2024, 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 (2014–2024, 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.