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Economy of Brazil vs Maldives compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $7.06B for Maldives, ranking 10/197 and 159/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Brazil vs Maldives GDP by year

Brazil
Maldives
1x
Year GDP, current $
Brazil Maldives
2024 $2,185,821,648,944 $7,061,608,267
2023 $2,191,131,869,706 $6,621,008,704
2022 $1,951,923,832,084 $6,177,123,352
2021 $1,670,647,464,063 $5,252,457,370
2020 $1,476,107,292,152 $3,712,604,583
2019 $1,873,288,158,839 $5,726,094,799
2018 $1,916,933,708,353 $5,404,344,163
2017 $2,063,514,688,806 $4,816,426,257
2016 $1,795,693,265,999 $4,409,942,624
2015 $1,802,211,999,456 $4,129,505,319
2014 $2,456,043,766,032 $3,697,353,039
2013 $2,472,819,362,044 $3,295,009,238
2012 $2,465,228,293,707 $2,886,163,997
2011 $2,616,156,606,579 $2,774,350,240
2010 $2,208,838,108,484 $2,588,176,055
2009 $1,666,996,294,252 $2,345,294,875
2008 $1,695,855,391,758 $2,271,646,188
2007 $1,397,114,247,189 $1,868,383,461
2006 $1,107,626,711,163 $1,575,200,391
2005 $891,633,826,625 $1,163,362,438
2004 $669,289,321,945 $1,226,829,563
2003 $558,233,724,165 $1,052,121,055
2002 $509,795,270,685 $897,031,250
2001 $559,983,704,094 $870,031,677
2000 $655,448,188,259 $624,337,145
1999 $599,642,075,004 $589,239,754
1998 $863,711,007,325 $540,096,398
1997 $883,206,452,795 $508,223,602
1996 $850,426,433,004 $450,382,328
1995 $769,333,330,412 $398,988,955
1994 $525,369,851,354 $356,014,932
1993 $368,295,778,245 $322,417,837
1992 $328,187,960,872 $284,875,809
1991 $342,609,231,343 $244,396,762
1990 $390,725,626,003 $215,043,970
1989 $412,990,820,287 $189,514,434
1988 $307,881,930,752 $168,514,513
1987 $283,056,836,894 $141,223,029
1986 $256,480,852,471 $141,882,254
1985 $210,879,844,639 $127,190,758
1984 $188,339,974,087 $109,503,546
1983 $189,656,506,321 $57,829,787
1982 $271,314,113,768 $47,911,340
1981 $258,015,174,749 $44,781,457
1980 $237,393,489,893 $42,463,576
1979 $221,338,204,480 $38,523,364
1978 $200,278,646,124 $24,369,109
1977 $176,344,101,402 $20,853,789
1976 $153,168,949,208 $22,399,467
1975 $129,203,555,239 $24,540,878
1974 $109,794,519,728 $39,120,171
1973 $83,592,275,863 $30,862,042
1972 $58,434,858,375 $25,177,138
1971 $48,869,830,902 $21,566,404
1970 $42,327,664,794 $19,328,038
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/maldives | CC BY

GDP per capita in Brazil vs Maldives by year

Brazil
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $13,379 $26,183
2023 $10,378 $21,176 $12,588 $24,786
2022 $9,281 $19,877 $11,786 $22,881
2021 $7,973 $18,076 $10,176 $19,053
2020 $7,074 $16,102 $7,394 $13,425
2019 $9,030 $16,070 $11,740 $23,077
2018 $9,301 $15,464 $11,423 $21,899
2017 $10,081 $14,559 $10,510 $19,768
2016 $8,836 $14,309 $9,948 $18,770
2015 $8,936 $14,821 $9,645 $17,875
2014 $12,275 $15,827 $8,939 $16,723
2013 $12,459 $15,722 $8,236 $15,264
2012 $12,522 $15,198 $7,461 $13,989
2011 $13,397 $15,212 $7,425 $13,726
2010 $11,403 $14,452 $7,174 $12,797
2009 $8,679 $13,391 $6,734 $12,266
2008 $8,908 $13,445 $6,757 $13,779
2007 $7,410 $12,673 $5,758 $12,852
2006 $5,934 $11,751 $5,019 $12,075
2005 $4,828 $11,081 $3,797 $9,704
2004 $3,664 $10,526 $4,070 $10,770
2003 $3,091 $9,802 $3,549 $10,065
2002 $2,856 $9,617 $3,076 $8,823
2001 $3,176 $9,304 $3,034 $8,236
2000 $3,767 $9,092 $2,214 $8,526
1999 $3,494 $8,635 $2,124 $8,162
1998 $5,106 $8,599 $1,980 $7,710
1997 $5,299 $8,602 $1,898 $7,226
1996 $5,179 $8,301 $1,717 $6,687
1995 $4,757 $8,097 $1,555 $6,223
1994 $3,299 $7,727 $1,419 $5,520
1993 $2,349 $7,260 $1,317 $5,138
1992 $2,127 $6,869 $1,194 $4,881
1991 $2,258 $6,867 $1,054 $4,604
1990 $2,620 $6,688 $957 $4,528
1989 $2,819 - $870 -
1988 $2,141 - $799 -
1987 $2,006 - $692 -
1986 $1,854 - $720 -
1985 $1,556 - $669 -
1984 $1,420 - $594 -
1983 $1,461 - $323 -
1982 $2,138 - $274.8 -
1981 $2,080 - $264.1 -
1980 $1,959 - $257.6 -
1979 $1,870 - $240.2 -
1978 $1,733 - $156.1 -
1977 $1,562 - $137.3 -
1976 $1,390 - $151.8 -
1975 $1,201 - $171.4 -
1974 $1,045 - $281.5 -
1973 $815 - $228.7 -
1972 $583 - $192.2 -
1971 $500 - $169.8 -
1970 $444 - $156.9 -
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/maldives | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Maldives ranks 81st at $26,183.

Economic indicators

Brazil Maldives
Gross domestic product
$2.19T
2024
$7.06B
2024
GDP rank
10/197
2024
159/197
2024
GDP growth
3.42%
2023-2024
3.49%
2023-2024
GDP per capita
$10,311
2024
$13,379
2024
GDP per capita rank
85/197
2024
75/197
2024
GDP per capita, PPP
$22,338
2024
$26,183
2024
GDP per capita PPP rank
88/197
2024
81/197
2024
Government debt
$1.91T
2024
$9.41B
2024
Debt-to-GDP ratio
87.3%
2024
133.3%
2024
Government debt per person
$8,999
2024
$17,837
2024
Government debt per person rank
60/185
2024
35/185
2024
Average annual personal income after taxes
$6,263
2026
$9,909
2026
Market capitalization of domestic companies
$659B
2024
n/a
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
23.3%
2019
Income share by poorest 10%
1.3%
2023
3.8%
2019
Government expenditure, % of GDP
45.7%
2024
46.1%
2024
Consumer prices inflation
4.4%
2023-2024
1.4%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
4.56%
2019
Population
213824938
532057

Spending and national debt comparison by year

Brazil
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Brazil Maldives
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 46.1% 133.3%
2023 45.3% 84% 46.7% 122.4%
2022 43.4% 83.9% 42% 111.6%
2021 40.4% 88.9% 40.6% 123.4%
2020 46.2% 96% 50.4% 155.7%
2019 43% 87.1% 32.9% 77.2%
2018 44.2% 84.8% 31.9% 70.7%
2017 44.3% 82.7% 30.4% 63.8%
2016 45.5% 77.4% 37.3% 61.9%
2015 46.2% 71.7% 33.8% 54.8%
2014 41.4% 61.6% 29.1% 55.1%
2013 39.8% 59.6% 27% 55.9%
2012 39.3% 61.6% 29.8% 57.1%
2011 39.4% 60.6% 31.3% 51.9%
2010 39.5% 62.4% 33.2% 52.7%
2009 40.5% 64.7% 37% 48.4%
2008 39.9% 61.4% 35.6% 39%
2007 40.4% 63% 34.8% 35.8%
2006 42.6% 64.6% 35% 36.8%
2005 41.9% 67% 38.8% 43.2%
2004 39.7% 68% 24.1% 34.7%
2003 41.3% 71.5% 26.4% 37.6%
2002 44.5% 76.1% 29.6% 44.3%
2001 39.8% 67.3% 29.6% 41.8%
2000 34.5% 62.2% 29% 39%
1999 39.6% 44.5% 28% 38.9%
1998 40.9% 38.9% 25.9% 39.3%
1997 38.6% 31.8% 25.2% 38.1%
1996 38.2% 30.7% 27.3% 46.9%
1995 - 28% 31.3% 52.2%
1994 - 30% 30.7% 54.6%
1993 - 32.6% 34.7% 55.7%
1992 - 37.1% 36.1% 49%
1991 - 38.1% 37.7% 46.7%
1990 - 40.6% 33.3% 42.4%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 133.3% in Maldives, ranking 38/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Maldives
1x
Year Deficit/surplus, % of GDP
Brazil Maldives
2024 -6.19% -13.9%
2023 -7.71% -13.2%
2022 -3.96% -11.2%
2021 -2.63% -14.2%
2020 -11.6% -23.7%
2019 -4.86% -6.54%
2018 -6.99% -5.17%
2017 -7.97% -3.02%
2016 -7.99% -9.93%
2015 -9.28% -6.52%
2014 -6.27% -2.42%
2013 -3.42% -3.49%
2012 -2.35% -6.91%
2011 -2.74% -8.13%
2010 -3.55% -13.6%
2009 -4.23% -17.9%
2008 -2.39% -9.92%
2007 -2.66% -3.16%
2006 -4.87% -4.52%
2005 -3.36% -7.81%
2004 -2.95% -2.26%
2003 -5.4% -3.45%
2002 -4.15% -3.97%
2001 -3.47% -3.97%
2000 -3.32% -3.89%
1999 -5.17% -3.03%
1998 -7.22% -2.25%
1997 -5.6% -1.46%
1996 -5.35% -2.01%
1995 - -5.66%
1994 - -4.82%
1993 - -13.9%
1992 - -12.6%
1991 - -10.2%
1990 - -12.8%
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 (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/maldives | 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 Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 35 years, Brazil recorded a fiscal deficit in 29 of those years, while Maldives ran a deficit in 35 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 7.75% of GDP for Maldives.

Inflation comparison by year

Inflation
Brazil

Maldives
1x
Year Consumer prices inflation
Brazil Maldives
2024 4.4% 1.4%
2023 4.6% 2.6%
2022 9.3% 2.6%
2021 8.3% 0.2%
2020 3.2% -1.6%
2019 3.7% 1.3%
2018 3.7% 1.4%
2017 3.4% 2.3%
2016 8.7% 0.8%
2015 9% 1.4%
2014 6.3% 2.4%
2013 6.2% 4%
2012 5.4% 10.9%
2011 6.6% 11.3%
2010 5% 6.1%
2009 4.9% 4.5%
2008 5.7% 12%
2007 3.6% 6.8%
2006 4.2% 3.5%
2005 6.9% 2.5%
2004 6.6% 6.3%
2003 14.7% -2.8%
2002 8.4% 0.9%
2001 6.8% 0.7%
2000 7% -1.2%
1999 4.9% 3%
1998 3.2% -1.4%
1997 6.9% 7.6%

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

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 3.2% in Maldives. In 2024, inflation was 4.4% in Brazil and 1.4% in Maldives.

Top exports between countries

Brazil
Export category Export value
Animal & marine products $24.1M
Processed food, beverages & tobacco $1.83M
Machinery & equipment $335K
Chemicals & pharma $151K
Textiles & consumer goods $98K
Wood & paper products $62K
Raw agricultural goods $22K
Raw materials & minerals $11K
Weapons & explosives $11K
Precious metals & jewellery $4K
Maldives
Export category Export value
Animal & marine products $12K

Balance of trade

Brazil Maldives
Current account balance
-$66.2B
2024
-$1.32B
2024
Current account balance ranking
188/190
2024
130/190
2024
Current account balance, % of GDP
-3.03%
2024
-18.7%
2024
Goods imports
$274B
2024
$3.46B
2024
Goods exports
$340B
2024
$383M
2024
Service imports
$103B
2024
$1.89B
2024
Service exports
$48.1B
2024
$5.03B
2024
Imports of goods and services, % of GDP
17.6%
2024
78.3%
2024
Exports of goods and services, % of GDP
17.9%
2024
78.2%
2024

Economic freedom indices

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

Brazil Maldives
Economic freedom 52.4 47.6
Economic freedom ranking 148/197 174/197
Property rights 49.2 52.2
Government integrity 37.2 41.9
Judicial effectiveness 55.6 39.3
Tax burden 70.6 89.9
Government spending 39.8 39.5
Fiscal health 28 0
Business freedom 65.7 49.7
Labor freedom 57 54.1
Monetary freedom 76 76.4
Trade freedom 69 62.8
Investment freedom 40 35
Financial freedom 40 30

Economic freedom comparison by year

Brazil
Maldives
1x
Year Economic freedom index
Brazil Maldives
2026 52.4 47.6
2025 55.1 48.3
2024 53.2 47.8
2023 53.5 46.6
2022 53.3 47.3
2021 53.4 55.2
2020 53.7 56.5
2019 51.9 53.2
2018 51.4 51.1
2017 52.9 50.3
2016 56.5 53.9
2015 56.6 53.4
2014 56.9 51
2013 57.7 49
2012 57.9 49.2
2011 56.3 48.3
2010 55.6 49
2009 56.7 51.3
2008 56.2 -
2007 56.2 -
2006 60.9 -
2005 61.7 -
2004 62 -
2003 63.4 -
2002 61.5 -
2001 61.9 -
2000 61.1 -
1999 61.3 -
1998 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/brazil/maldives | CC BY

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Maldives
Services, % of GDP
59.2%
2024
72.1%
2024
Industry, % of GDP
20.9%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
3.84%
2024
GNI, Atlas method
$2.11T
2024
$6.15B
2024
GNI per capita, PPP
$21,590
2024
$23,400
2024
Total reserves including gold
$330B
2024
$674M
2024
Total reserves ranking
11/177
2024
150/177
2024
Net foreign direct investment
-$47.8B
2024
-$806M
2024
Net inflows of foreign direct investment
$74.1B
2024
$806M
2024
Net outflows of foreign direct investment
$26.3B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
7.95%
2024
Poverty at national poverty lines
4.2%
2020
15%
2020
Gross capital formation, % of GDP
17%
2024
30.8%
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/maldives | 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 (1990–2024, 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 (2020–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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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.