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Economy of Brazil vs Senegal compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $32.8B for Senegal, ranking 10/197 and 109/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Brazil vs Senegal GDP by year

Brazil
Senegal
1x
Year GDP, current $
Brazil Senegal
2024 $2,185,821,648,944 $32,808,056,601
2023 $2,191,131,869,706 $30,696,331,296
2022 $1,951,923,832,084 $27,783,332,223
2021 $1,670,647,464,063 $27,520,784,130
2020 $1,476,107,292,152 $24,530,513,038
2019 $1,873,288,158,839 $23,403,995,992
2018 $1,916,933,708,353 $23,116,701,556
2017 $2,063,514,688,806 $20,996,562,944
2016 $1,795,693,265,999 $19,040,312,333
2015 $1,802,211,999,456 $17,774,766,696
2014 $2,456,043,766,032 $19,797,253,440
2013 $2,472,819,362,044 $18,918,667,725
2012 $2,465,228,293,707 $17,660,870,412
2011 $2,616,156,606,579 $17,814,283,639
2010 $2,208,838,108,484 $16,121,315,909
2009 $1,666,996,294,252 $16,145,867,495
2008 $1,695,855,391,758 $16,853,989,628
2007 $1,397,114,247,189 $13,994,218,413
2006 $1,107,626,711,163 $11,697,918,243
2005 $891,633,826,625 $11,009,033,438
2004 $669,289,321,945 $10,076,816,667
2003 $558,233,724,165 $8,768,721,563
2002 $509,795,270,685 $7,006,402,320
2001 $559,983,704,094 $6,507,824,829
2000 $655,448,188,259 $6,013,185,004
1999 $599,642,075,004 $6,592,834,933
1998 $863,711,007,325 $6,505,607,909
1997 $883,206,452,795 $6,041,478,726
1996 $850,426,433,004 $6,559,712,166
1995 $769,333,330,412 $6,326,342,633
1994 $525,369,851,354 $5,034,588,196
1993 $368,295,778,245 $7,367,986,241
1992 $328,187,960,872 $7,769,817,840
1991 $342,609,231,343 $7,255,210,470
1990 $390,725,626,003 $7,390,967,360
1989 $412,990,820,287 $6,366,039,373
1988 $307,881,930,752 $6,418,419,389
1987 $283,056,836,894 $6,487,353,103
1986 $256,480,852,471 $5,392,093,446
1985 $210,879,844,639 $3,818,944,918
1984 $188,339,974,087 $3,485,165,432
1983 $189,656,506,321 $3,569,356,125
1982 $271,314,113,768 $4,013,951,443
1981 $258,015,174,749 $4,095,892,781
1980 $237,393,489,893 $4,510,108,291
1979 $221,338,204,480 $4,084,877,823
1978 $200,278,646,124 $3,280,354,921
1977 $176,344,101,402 $2,938,046,463
1976 $153,168,949,208 $2,869,777,884
1975 $129,203,555,239 $2,830,388,405
1974 $109,794,519,728 $2,099,325,229
1973 $83,592,275,863 $1,863,398,590
1972 $58,434,858,375 $1,620,857,104
1971 $48,869,830,902 $1,339,549,033
1970 $42,327,664,794 $1,297,407,655
1969 $37,171,640,819 $1,245,234,931
1968 $33,930,457,425 $1,309,384,862
1967 $31,086,389,195 $1,246,480,766
1966 $28,283,323,733 $1,246,908,186
1965 $22,465,522,884 $1,210,058,228
1964 $20,963,733,695 $1,188,930,645
1963 $23,287,712,878 $1,122,139,862
1962 $19,231,747,852 $1,085,475,791
1961 $17,275,940,449 $1,058,975,257
1960 $17,030,465,539 $1,003,692,370

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

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

GDP per capita in Brazil vs Senegal by year

Brazil
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $1,773 $5,071
2023 $10,378 $21,176 $1,698 $4,778
2022 $9,281 $19,877 $1,574 $4,530
2021 $7,973 $18,076 $1,598 $4,174
2020 $7,074 $16,102 $1,461 $3,753
2019 $9,030 $16,070 $1,431 $3,648
2018 $9,301 $15,464 $1,453 $3,380
2017 $10,081 $14,559 $1,357 $3,234
2016 $8,836 $14,309 $1,266 $3,101
2015 $8,936 $14,821 $1,218 $2,994
2014 $12,275 $15,827 $1,399 $2,854
2013 $12,459 $15,722 $1,380 $2,769
2012 $12,522 $15,198 $1,327 $2,764
2011 $13,397 $15,212 $1,375 $2,685
2010 $11,403 $14,452 $1,276 $2,663
2009 $8,679 $13,391 $1,309 $2,606
2008 $8,908 $13,445 $1,399 $2,581
2007 $7,410 $12,673 $1,189 $2,499
2006 $5,934 $11,751 $1,017 $2,422
2005 $4,828 $11,081 $980 $2,350
2004 $3,664 $10,526 $918 $2,236
2003 $3,091 $9,802 $818 $2,131
2002 $2,856 $9,617 $669 $2,027
2001 $3,176 $9,304 $637 $2,044
2000 $3,767 $9,092 $603 $1,963
1999 $3,494 $8,635 $678 $1,893
1998 $5,106 $8,599 $685 $1,798
1997 $5,299 $8,602 $651 $1,719
1996 $5,179 $8,301 $723 $1,679
1995 $4,757 $8,097 $715 $1,656
1994 $3,299 $7,727 $584 $1,578
1993 $2,349 $7,260 $878 $1,588
1992 $2,127 $6,869 $951 $1,573
1991 $2,258 $6,867 $913 $1,561
1990 $2,620 $6,688 $957 $1,513
1989 $2,819 - $849 -
1988 $2,141 - $880 -
1987 $2,006 - $916 -
1986 $1,854 - $784 -
1985 $1,556 - $571 -
1984 $1,420 - $536 -
1983 $1,461 - $564 -
1982 $2,138 - $652 -
1981 $2,080 - $683 -
1980 $1,959 - $772 -
1979 $1,870 - $716 -
1978 $1,733 - $589 -
1977 $1,562 - $540 -
1976 $1,390 - $541 -
1975 $1,201 - $547 -
1974 $1,045 - $417 -
1973 $815 - $381 -
1972 $583 - $342 -
1971 $500 - $291.1 -
1970 $444 - $290.5 -
1969 $399 - $287.3 -
1968 $374 - $311 -
1967 $351 - $305 -
1966 $328 - $315 -
1965 $268 - $314 -
1964 $257.3 - $318 -
1963 $294.2 - $309 -
1962 $250.2 - $307 -
1961 $231.6 - $308 -
1960 $235.3 - $300 -

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

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

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Senegal ranks 158th at $5,071.

Economic indicators

Brazil Senegal
Gross domestic product
$2.19T
2024
$32.8B
2024
GDP rank
10/197
2024
109/197
2024
GDP growth
3.42%
2023-2024
6.06%
2023-2024
GDP per capita
$10,311
2024
$1,773
2024
GDP per capita rank
85/197
2024
159/197
2024
GDP per capita, PPP
$22,338
2024
$5,071
2024
GDP per capita PPP rank
88/197
2024
158/197
2024
Government debt
$1.91T
2024
$42.1B
2024
Debt-to-GDP ratio
87.3%
2024
128.4%
2024
Government debt per person
$8,999
2024
$2,277
2024
Government debt per person rank
60/185
2024
115/185
2024
Average annual personal income after taxes
$6,263
2026
$2,194
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
28.8%
2021
Income share by poorest 10%
1.3%
2023
3%
2021
Government expenditure, % of GDP
45.7%
2024
33.5%
2024
Consumer prices inflation
4.4%
2023-2024
0.8%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
5.78%
2024
Population
213824938
19491599

Spending and national debt comparison by year

Brazil
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Brazil Senegal
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 33.5% 128.4%
2023 45.3% 84% 35.5% 118.4%
2022 43.4% 83.9% 36.2% 105%
2021 40.4% 88.9% 33.6% 98.6%
2020 46.2% 96% 29.6% 90.2%
2019 43% 87.1% 34.3% 81.5%
2018 44.2% 84.8% 22.6% 61.5%
2017 44.3% 82.7% 22.5% 61.1%
2016 45.5% 77.4% 24% 47.5%
2015 46.2% 71.7% 22.9% 44.5%
2014 41.4% 61.6% 23.1% 42.4%
2013 39.8% 59.6% 22.1% 36.9%
2012 39.3% 61.6% 23% 34.5%
2011 39.4% 60.6% 23.3% 32.9%
2010 39.5% 62.4% 21.7% 34.6%
2009 40.5% 64.7% 21.1% 29.9%
2008 39.9% 61.4% 20.9% 19.1%
2007 40.4% 63% 22.2% 19%
2006 42.6% 64.6% 21.3% 17.5%
2005 41.9% 67% 18.7% 36.1%
2004 39.7% 68% 18.1% 38%
2003 41.3% 71.5% 17.1% 42.9%
2002 44.5% 76.1% 15.5% 52%
2001 39.8% 67.3% 15.7% 53.2%
2000 34.5% 62.2% 14% 57.5%
1999 39.6% 44.5% 14.6% 15%
1998 40.9% 38.9% 13.5% 18.8%
1997 38.6% 31.8% 14.1% 67.8%
1996 38.2% 30.7% 15.4% 0.07%
1995 - 28% 14.4% 65.3%
1994 - 30% 15.9% 77.3%
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 (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 128.4% in Senegal, ranking 38/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Senegal
1x
Year Deficit/surplus, % of GDP
Brazil Senegal
2024 -6.19% -13.4%
2023 -7.71% -14.8%
2022 -3.96% -16.1%
2021 -2.63% -13.7%
2020 -11.6% -9.64%
2019 -4.86% -13.9%
2018 -6.99% -3.66%
2017 -7.97% -2.97%
2016 -7.99% -3.27%
2015 -9.28% -3.66%
2014 -6.27% -3.9%
2013 -3.42% -4.34%
2012 -2.35% -4.18%
2011 -2.74% -4.92%
2010 -3.55% -3.94%
2009 -4.23% -3.66%
2008 -2.39% -3.53%
2007 -2.66% -2.8%
2006 -4.87% -3.67%
2005 -3.36% -0.26%
2004 -2.95% 0.18%
2003 -5.4% -0.52%
2002 -4.15% 0.19%
2001 -3.47% -1.44%
2000 -3.32% 0.78%
1999 -5.17% -0.62%
1998 -7.22% 0.93%
1997 -5.6% 0.98%
1996 -5.35% 0.92%
1995 - 2.41%
1994 - 5.9%
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 (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/senegal | 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 Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Brazil recorded a fiscal deficit in 29 of those years, while Senegal ran a deficit in 23 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Brazil

Senegal
1x
Year Consumer prices inflation
Brazil Senegal
2024 4.4% 0.8%
2023 4.6% 5.94%
2022 9.3% 9.7%
2021 8.3% 2.18%
2020 3.2% 2.54%
2019 3.7% 1.76%
2018 3.7% 0.46%
2017 3.4% 1.32%
2016 8.7% 0.84%
2015 9% 0.14%
2014 6.3% -1.09%
2013 6.2% 0.71%
2012 5.4% 1.42%
2011 6.6% 3.4%
2010 5% 1.23%
2009 4.9% -2.25%
2008 5.7% 7.35%
2007 3.6% 5.85%
2006 4.2% 2.11%
2005 6.9% 1.71%
2004 6.6% 0.51%
2003 14.7% -0.05%
2002 8.4% 2.34%
2001 6.8% 2.97%
2000 7% 0.73%
1999 4.9% 0.83%
1998 3.2% 1.16%
1997 6.9% 1.75%

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/senegal | CC BY

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 2.01% in Senegal. In 2024, inflation was 4.4% in Brazil and 0.8% in Senegal.

Top exports between countries

Brazil
Export category Export value
Processed food, beverages & tobacco $201M
Raw agricultural goods $134M
Animal & marine products $22.1M
Metals $12.2M
Raw materials & minerals $9.37M
Machinery & equipment $6.18M
Wood & paper products $2.97M
Textiles & consumer goods $2.94M
Chemicals & pharma $914K
Weapons & explosives $320K
Senegal
Export category Export value
Raw materials & minerals $15.4M
Metals $584K
Animal & marine products $184K
Machinery & equipment $80K
Chemicals & pharma $61K
Textiles & consumer goods $26K
Wood & paper products $20K
Precious metals & jewellery $15K
Processed food, beverages & tobacco $8K

Balance of trade

Brazil Senegal
Current account balance
-$66.2B
2024
-$6.07B
2023
Current account balance ranking
188/190
2024
170/190
2023
Current account balance, % of GDP
-3.03%
2024
-19.8%
2023
Goods imports
$274B
2024
$10.8B
2023
Goods exports
$340B
2024
$5.52B
2023
Service imports
$103B
2024
$4.08B
2023
Service exports
$48.1B
2024
$1.48B
2023
Imports of goods and services, % of GDP
17.6%
2024
43.4%
2024
Exports of goods and services, % of GDP
17.9%
2024
24.7%
2024

Economic freedom indices

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

Brazil Senegal
Economic freedom 52.4 53.2
Economic freedom ranking 148/197 140/197
Property rights 49.2 57.4
Government integrity 37.2 47.3
Judicial effectiveness 55.6 50.5
Tax burden 70.6 68.8
Government spending 39.8 63.1
Fiscal health 28 0
Business freedom 65.7 55.2
Labor freedom 57 54.4
Monetary freedom 76 74.3
Trade freedom 69 67
Investment freedom 40 60
Financial freedom 40 40

Economic freedom comparison by year

Brazil
Senegal
1x
Year Economic freedom index
Brazil Senegal
2026 52.4 53.2
2025 55.1 56.4
2024 53.2 55.4
2023 53.5 57.7
2022 53.3 60
2021 53.4 58
2020 53.7 58
2019 51.9 56.3
2018 51.4 55.7
2017 52.9 55.9
2016 56.5 58.1
2015 56.6 57.8
2014 56.9 55.4
2013 57.7 55.5
2012 57.9 55.4
2011 56.3 55.7
2010 55.6 54.6
2009 56.7 56.3
2008 56.2 58.3
2007 56.2 58.1
2006 60.9 56.2
2005 61.7 57.9
2004 62 58.9
2003 63.4 58.1
2002 61.5 58.6
2001 61.9 58.7
2000 61.1 58.9
1999 61.3 60.6
1998 52.3 59.7
1997 52.6 58.1
1996 48.1 58.2
1995 51.4 -

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Senegal
Services, % of GDP
59.2%
2024
48.4%
2024
Industry, % of GDP
20.9%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
16.6%
2024
GNI, Atlas method
$2.11T
2024
$31.1B
2024
GNI per capita, PPP
$21,590
2024
$4,920
2024
Total reserves including gold
$330B
2024
n/a
Total reserves ranking
11/177
2024
n/a
Net foreign direct investment
-$47.8B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$74.1B
2024
$2.02B
2024
Net outflows of foreign direct investment
$26.3B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
10.8%
2024
Poverty at national poverty lines
4.2%
2020
37.5%
2021
Gross capital formation, % of GDP
17%
2024
37.5%
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/senegal | 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 (1994–2024, 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.