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Economy of Brazil vs Ukraine compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $191B for Ukraine, ranking 10/197 and 57/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Brazil vs Ukraine GDP by year

Brazil
Ukraine
1x
Year GDP, current $
Brazil Ukraine
2024 $2,185,821,648,944 $190,741,262,415
2023 $2,191,131,869,706 $181,221,517,869
2022 $1,951,923,832,084 $161,989,520,721
2021 $1,670,647,464,063 $199,765,859,571
2020 $1,476,107,292,152 $156,617,722,013
2019 $1,873,288,158,839 $153,883,047,510
2018 $1,916,933,708,353 $130,891,088,294
2017 $2,063,514,688,806 $112,090,505,082
2016 $1,795,693,265,999 $93,355,869,404
2015 $1,802,211,999,456 $91,030,967,789
2014 $2,456,043,766,032 $133,503,871,862
2013 $2,472,819,362,044 $190,498,811,460
2012 $2,465,228,293,707 $182,591,753,828
2011 $2,616,156,606,579 $169,333,835,202
2010 $2,208,838,108,484 $141,209,170,427
2009 $1,666,996,294,252 $121,552,153,444
2008 $1,695,855,391,758 $188,110,390,660
2007 $1,397,114,247,189 $148,733,861,386
2006 $1,107,626,711,163 $111,884,752,475
2005 $891,633,826,625 $89,238,865,119
2004 $669,289,321,945 $67,220,154,164
2003 $558,233,724,165 $52,010,355,753
2002 $509,795,270,685 $43,956,163,612
2001 $559,983,704,094 $39,309,580,983
2000 $655,448,188,259 $32,375,083,935
1999 $599,642,075,004 $31,580,639,554
1998 $863,711,007,325 $41,882,523,345
1997 $883,206,452,795 $50,151,531,592
1996 $850,426,433,004 $44,558,831,005
1995 $769,333,330,412 $48,213,856,469
1994 $525,369,851,354 $52,549,580,265
1993 $368,295,778,245 $65,648,559,903
1992 $328,187,960,872 $73,945,908,384
1991 $342,609,231,343 $77,350,733,982
1990 $390,725,626,003 $81,393,558,423
1989 $412,990,820,287 $82,709,161,099
1988 $307,881,930,752 $74,703,517,903
1987 $283,056,836,894 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Brazil vs Ukraine by year

Brazil
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $5,038 $18,550
2023 $10,378 $21,176 $4,803 $17,665
2022 $9,281 $19,877 $3,946 $14,770
2021 $7,973 $18,076 $4,510 $17,846
2020 $7,074 $16,102 $3,505 $15,541
2019 $9,030 $16,070 $3,423 $14,217
2018 $9,301 $15,464 $2,895 $12,555
2017 $10,081 $14,559 $2,467 $11,536
2016 $8,836 $14,309 $2,047 $10,865
2015 $8,936 $14,821 $1,988 $9,922
2014 $12,275 $15,827 $2,904 $10,494
2013 $12,459 $15,722 $4,130 $10,904
2012 $12,522 $15,198 $3,951 $9,552
2011 $13,397 $15,212 $3,657 $9,127
2010 $11,403 $14,452 $3,040 $8,453
2009 $8,679 $13,391 $2,607 $7,995
2008 $8,908 $13,445 $4,018 $9,324
2007 $7,410 $12,673 $3,160 $8,900
2006 $5,934 $11,751 $2,366 $7,971
2005 $4,828 $11,081 $1,875 $7,142
2004 $3,664 $10,526 $1,401 $6,663
2003 $3,091 $9,802 $1,076 $5,764
2002 $2,856 $9,617 $903 $5,123
2001 $3,176 $9,304 $800 $4,747
2000 $3,767 $9,092 $653 $4,228
1999 $3,494 $8,635 $632 $3,871
1998 $5,106 $8,599 $831 $3,794
1997 $5,299 $8,602 $987 $3,794
1996 $5,179 $8,301 $870 $3,812
1995 $4,757 $8,097 $933 $4,124
1994 $3,299 $7,727 $1,009 $4,565
1993 $2,349 $7,260 $1,254 $5,766
1992 $2,127 $6,869 $1,413 $6,568
1991 $2,258 $6,867 $1,483 $7,148
1990 $2,620 $6,688 $1,564 $7,591
1989 $2,819 - $1,593 -
1988 $2,141 - $1,444 -
1987 $2,006 - $1,244 -
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/ukraine | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Ukraine ranks 101st at $18,550.

Economic indicators

Brazil Ukraine
Gross domestic product
$2.19T
2024
$191B
2024
GDP rank
10/197
2024
57/197
2024
GDP growth
3.42%
2023-2024
2.91%
2023-2024
GDP per capita
$10,311
2024
$5,038
2024
GDP per capita rank
85/197
2024
120/197
2024
GDP per capita, PPP
$22,338
2024
$18,550
2024
GDP per capita PPP rank
88/197
2024
101/197
2024
Government debt
$1.91T
2024
$171B
2024
Debt-to-GDP ratio
87.3%
2024
89.7%
2024
Government debt per person
$8,999
2024
$4,520
2024
Government debt per person rank
60/185
2024
86/185
2024
Average annual personal income after taxes
$6,263
2026
$5,370
2026
Market capitalization of domestic companies
$659B
2024
$4.42B
2018
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
7
2025
Income share by richest 10%
40.8%
2023
21.7%
2020
Income share by poorest 10%
1.3%
2023
4.3%
2020
Government expenditure, % of GDP
45.7%
2024
71.3%
2024
Consumer prices inflation
4.4%
2023-2024
6.5%
2023-2024
Central bank interest rate
15%
2025
15.5%
2025
Unemployment rate
6.8%
2024
9.83%
2021
Population
213824938
40125599

Spending and national debt comparison by year

Brazil
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Brazil Ukraine
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 71.3% 89.7%
2023 45.3% 84% 73.4% 81.2%
2022 43.4% 83.9% 65.4% 77.7%
2021 40.4% 88.9% 40.5% 48.9%
2020 46.2% 96% 45.6% 60.5%
2019 43% 87.1% 41.5% 50.5%
2018 44.2% 84.8% 41.9% 60.4%
2017 44.3% 82.7% 41.7% 71.6%
2016 45.5% 77.4% 40.8% 79.5%
2015 46.2% 71.7% 43% 79.3%
2014 41.4% 61.6% 44.8% 70.3%
2013 39.8% 59.6% 48.1% 40.5%
2012 39.3% 61.6% 49% 37.5%
2011 39.4% 60.6% 45.7% 36.9%
2010 39.5% 62.4% 49.2% 40.6%
2009 40.5% 64.7% 48.6% 35.4%
2008 39.9% 61.4% 47.1% 20.4%
2007 40.4% 63% 43.7% 12.3%
2006 42.6% 64.6% 44.6% 14.8%
2005 41.9% 67% 44.2% 17.7%
2004 39.7% 68% 41.6% 24.8%
2003 41.3% 71.5% 38.9% 29.4%
2002 44.5% 76.1% 37.9% 33.6%
2001 39.8% 67.3% 36.7% 36.7%
2000 34.5% 62.2% 35.5% 43.8%
1999 39.6% 44.5% 25.8% 59%
1998 40.9% 38.9% 37.1% 46.5%
1997 38.6% 31.8% 40.8% 28.9%
1996 38.2% 30.7% 36.9% 24.4%
1995 - 28% 41.3% 30.2%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 89.7% in Ukraine, ranking 38/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Ukraine
1x
Year Deficit/surplus, % of GDP
Brazil Ukraine
2024 -6.19% -17.2%
2023 -7.71% -19.3%
2022 -3.96% -15.6%
2021 -2.63% -3.97%
2020 -11.6% -5.92%
2019 -4.86% -2.08%
2018 -6.99% -2.12%
2017 -7.97% -2.36%
2016 -7.99% -2.46%
2015 -9.28% -1.16%
2014 -6.27% -4.46%
2013 -3.42% -4.78%
2012 -2.35% -4.31%
2011 -2.74% -2.76%
2010 -3.55% -5.77%
2009 -4.23% -6.27%
2008 -2.39% -3.14%
2007 -2.66% -1.97%
2006 -4.87% -1.36%
2005 -3.36% -2.28%
2004 -2.95% -4.41%
2003 -5.4% -0.89%
2002 -4.15% -1.84%
2001 -3.47% -3.03%
2000 -3.32% -3.19%
1999 -5.17% 4.95%
1998 -7.22% -2.69%
1997 -5.6% -5.37%
1996 -5.35% -3.09%
1995 - -4.72%
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 (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Brazil recorded a fiscal deficit in 29 of those years, while Ukraine ran a deficit in 29 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Brazil

Ukraine
1x
Year Consumer prices inflation
Brazil Ukraine
2024 4.4% 6.5%
2023 4.6% 12.9%
2022 9.3% 20.2%
2021 8.3% 9.4%
2020 3.2% 2.7%
2019 3.7% 7.9%
2018 3.7% 10.9%
2017 3.4% 14.4%
2016 8.7% 13.9%
2015 9% 48.7%
2014 6.3% 12.1%
2013 6.2% -0.3%
2012 5.4% 0.6%
2011 6.6% 8%
2010 5% 9.4%
2009 4.9% 15.9%
2008 5.7% 25.2%
2007 3.6% 12.8%
2006 4.2% 9.1%
2005 6.9% 13.5%
2004 6.6% 9%
2003 14.7% 5.2%
2002 8.4% 0.8%
2001 6.8% 12%
2000 7% 28.2%
1999 4.9% 22.7%
1998 3.2% 10.6%
1997 6.9% 15.9%

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

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 12.8% in Ukraine. In 2024, inflation was 4.4% in Brazil and 6.5% in Ukraine.

Top exports between countries

Brazil
Export category Export value
Raw agricultural goods $24.1M
Machinery & equipment $14.7M
Metals $7.88M
Animal & marine products $4.59M
Chemicals & pharma $2.97M
Processed food, beverages & tobacco $2.69M
Raw materials & minerals $1.65M
Textiles & consumer goods $696K
Weapons & explosives $101K
Wood & paper products $29K
Ukraine
Export category Export value
Chemicals & pharma $28.9M
Metals $3.63M
Machinery & equipment $2.2M
Wood & paper products $1.19M
Textiles & consumer goods $836K
Raw agricultural goods $314K
Raw materials & minerals $163K
Processed food, beverages & tobacco $113K
Animal & marine products $48K
Precious metals & jewellery $1K

Balance of trade

Brazil Ukraine
Current account balance
-$66.2B
2024
-$15.1B
2024
Current account balance ranking
188/190
2024
179/190
2024
Current account balance, % of GDP
-3.03%
2024
-7.94%
2024
Goods imports
$274B
2024
$72.3B
2024
Goods exports
$340B
2024
$39.3B
2024
Service imports
$103B
2024
$22.9B
2024
Service exports
$48.1B
2024
$17.3B
2024
Imports of goods and services, % of GDP
17.6%
2024
48.3%
2024
Exports of goods and services, % of GDP
17.9%
2024
29.4%
2024

Economic freedom indices

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

Brazil Ukraine
Economic freedom 52.4 54.1
Economic freedom ranking 148/197 135/197
Property rights 49.2 21.6
Government integrity 37.2 35
Judicial effectiveness 55.6 28.2
Tax burden 70.6 83.7
Government spending 39.8 0
Fiscal health 28 3.9
Business freedom 65.7 57.4
Labor freedom 57 46.9
Monetary freedom 76 65.7
Trade freedom 69 73
Investment freedom 40 35
Financial freedom 40 30

Economic freedom comparison by year

Brazil
Ukraine
1x
Year Economic freedom index
Brazil Ukraine
2026 52.4 -
2025 55.1 -
2024 53.2 -
2023 53.5 -
2022 53.3 54.1
2021 53.4 56.2
2020 53.7 54.9
2019 51.9 52.3
2018 51.4 51.9
2017 52.9 48.1
2016 56.5 46.8
2015 56.6 46.9
2014 56.9 49.3
2013 57.7 46.3
2012 57.9 46.1
2011 56.3 45.8
2010 55.6 46.4
2009 56.7 48.8
2008 56.2 51
2007 56.2 51.5
2006 60.9 54.4
2005 61.7 55.8
2004 62 53.7
2003 63.4 51.1
2002 61.5 48.2
2001 61.9 48.5
2000 61.1 47.8
1999 61.3 43.7
1998 52.3 40.4
1997 52.6 43.5
1996 48.1 40.6
1995 51.4 39.9

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Ukraine
Services, % of GDP
59.2%
2024
60.6%
2024
Industry, % of GDP
20.9%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
7.11%
2024
GNI, Atlas method
$2.11T
2024
$184B
2024
GNI per capita, PPP
$21,590
2024
$18,560
2024
Total reserves including gold
$330B
2024
$43.8B
2024
Total reserves ranking
11/177
2024
46/177
2024
Net foreign direct investment
-$47.8B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$74.1B
2024
$4.02B
2024
Net outflows of foreign direct investment
$26.3B
2024
$305M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
5.42%
2024
Poverty at national poverty lines
4.2%
2020
23.2%
2020
Gross capital formation, % of GDP
17%
2024
18.6%
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/ukraine | 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 (1995–2024, 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. 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.