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Economy of Cambodia vs Norway compared: GDP & Debt

Updated on by Georank team

Cambodia has a GDP of $46.4B compared to $484B for Norway, ranking 97/197 and 32/197 by economy size, respectively.

Cambodia has $12B in government debt (25.9% of GDP), compared to $207B (42.7% of GDP) in Norway.

Cambodia vs Norway GDP by year

Cambodia
Norway
1x
Year GDP, current $
Cambodia Norway
2024 $46,352,647,037 $483,592,648,313
2023 $42,335,646,896 $482,949,731,777
2022 $39,994,532,960 $596,297,651,036
2021 $36,790,163,687 $503,367,986,030
2020 $34,818,073,901 $367,633,418,887
2019 $36,685,356,408 $408,742,840,909
2018 $33,145,892,169 $439,788,625,884
2017 $29,355,665,910 $401,745,275,035
2016 $26,556,545,153 $370,956,547,619
2015 $24,174,170,369 $388,159,512,246
2014 $22,041,463,968 $501,736,471,833
2013 $19,807,135,253 $526,014,468,085
2012 $17,826,536,700 $512,777,309,841
2011 $16,032,622,024 $501,360,549,669
2010 $13,808,673,288 $431,052,143,940
2009 $12,502,901,170 $387,976,400,617
2008 $12,174,303,999 $464,917,553,191
2007 $10,127,916,460 $402,643,260,488
2006 $8,350,531,017 $346,915,160,682
2005 $7,066,296,463 $309,978,579,744
2004 $5,883,297,160 $265,268,662,473
2003 $5,046,693,484 $229,385,469,337
2002 $4,501,227,627 $195,914,852,576
2001 $4,145,665,970 $174,239,354,071
2000 $3,694,168,979 $171,457,201,936
1999 $3,517,242,477 $162,383,706,021
1998 $3,120,425,503 $154,230,295,158
1997 $3,443,413,389 $161,356,631,888
1996 $3,506,695,720 $163,520,109,151
1995 $3,441,205,693 $152,029,612,325
1994 $2,791,435,272 $127,131,319,429
1993 $2,533,727,592 $120,579,213,713
1992 $2,491,486,594 $130,838,040,068
1991 $2,054,974,089 $121,872,464,483
1990 $1,402,541,177 $119,791,843,060
1989 $1,353,137,648 $102,633,934,391
1988 $1,662,877,859 $101,900,260,856
1987 $1,036,974,910 $94,229,907,236
1986 $1,167,630,318 $78,693,118,044
1985 $1,102,669,184 $65,416,879,914
1984 $1,021,176,059 $62,057,955,033
1983 $939,291,262 $61,627,240,831
1982 $865,516,040 $62,647,195,538
1981 $815,153,652 $63,596,654,761
1980 $744,384,130 $64,439,382,896
1979 $723,738,503 $53,132,244,624
1978 $766,642,356 $46,522,900,254
1977 $716,261,764 $41,508,030,431
1976 $790,357,255 $35,942,270,686
1975 $749,129,748 $32,877,805,200
1974 - $27,145,693,810
1973 - $22,534,253,703
1972 - $17,358,610,850
1971 - $14,583,114,840
1970 - $12,814,123,115
1969 - $11,136,187,440
1968 - $10,227,087,165
1967 - $9,577,383,653
1966 - $8,753,940,267
1965 - $8,111,945,661
1964 - $7,206,522,122
1963 - $6,553,269,536
1962 - $6,107,076,929
1961 - $5,669,689,210
1960 - $5,197,398,721

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

GeoRank.org/economy/cambodia/norway | CC BY

GDP per capita in Cambodia vs Norway by year

Cambodia
GDP per capita

GDP per capita, PPP
Norway
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cambodia Norway
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,628 $7,967 $86,785 $102,038
2023 $2,430 $7,431 $87,497 $103,638
2022 $2,325 $6,919 $109,270 $125,490
2021 $2,167 $6,226 $93,073 $88,984
2020 $2,082 $5,942 $68,340 $67,111
2019 $2,226 $6,154 $76,431 $70,940
2018 $2,037 $5,617 $82,793 $70,254
2017 $1,826 $5,050 $76,132 $64,590
2016 $1,675 $4,748 $70,867 $59,280
2015 $1,547 $4,434 $74,810 $60,738
2014 $1,432 $4,118 $97,667 $66,332
2013 $1,306 $3,891 $103,554 $67,378
2012 $1,193 $3,583 $102,176 $65,774
2011 $1,089 $3,223 $101,222 $62,460
2010 $952 $2,989 $88,163 $58,213
2009 $876 $2,854 $80,348 $55,648
2008 $866 $2,769 $97,504 $62,073
2007 $732 $2,566 $85,502 $56,179
2006 $612 $2,297 $74,434 $54,358
2005 $526 $2,038 $67,047 $47,967
2004 $444 $1,770 $57,769 $42,667
2003 $387 $1,598 $50,250 $38,680
2002 $350 $1,442 $43,171 $38,056
2001 $328 $1,357 $38,602 $37,829
2000 $296.4 $1,256 $38,178 $36,994
1999 $286.8 $1,134 $36,393 $30,574
1998 $258.8 $1,009 $34,803 $28,200
1997 $297.6 $994 $36,629 $28,610
1996 $325 $1,006 $37,322 $26,826
1995 $343 $1,006 $34,876 $24,360
1994 $302 $972 $29,316 $23,027
1993 $294.1 $1,565 $27,964 $21,584
1992 $307 $1,560 $30,524 $20,623
1991 $267.3 $1,504 $28,597 $19,580
1990 $190.2 $1,410 $28,243 $18,461
1989 $191.3 - $24,281 -
1988 $244.1 - $24,207 -
1987 $158.1 - $22,506 -
1986 $185.8 - $18,883 -
1985 $182.4 - $15,754 -
1984 $174.7 - $14,989 -
1983 $166.7 - $14,928 -
1982 $159.2 - $15,225 -
1981 $154.3 - $15,513 -
1980 $143.2 - $15,772 -
1979 $142.2 - $13,047 -
1978 $147.1 - $11,463 -
1977 $126.4 - $10,266 -
1976 $128.8 - $8,927 -
1975 $113.8 - $8,204 -
1974 - - $6,812 -
1973 - - $5,690 -
1972 - - $4,414 -
1971 - - $3,736 -
1970 - - $3,306 -
1969 - - $2,894 -
1968 - - $2,680 -
1967 - - $2,531 -
1966 - - $2,333 -
1965 - - $2,179 -
1964 - - $1,951 -
1963 - - $1,787 -
1962 - - $1,678 -
1961 - - $1,571 -
1960 - - $1,451 -

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

GeoRank.org/economy/cambodia/norway | CC BY

Cambodia's GDP per capita is $2,628, ranking 145/197, compared to $86,785 in Norway, ranking 8/197. Adjusted for purchasing power (GDP per capita PPP), Cambodia ranks 142nd at $7,967, while Norway ranks 7th at $102,038.

Economic indicators

Cambodia Norway
Gross domestic product
$46.4B
2024
$484B
2024
GDP rank
97/197
2024
32/197
2024
GDP growth
5.98%
2023-2024
2.1%
2023-2024
GDP per capita
$2,628
2024
$86,785
2024
GDP per capita rank
145/197
2024
8/197
2024
GDP per capita, PPP
$7,967
2024
$102,038
2024
GDP per capita PPP rank
142/197
2024
7/197
2024
Government debt
$12B
2024
$207B
2024
Debt-to-GDP ratio
25.9%
2024
42.7%
2024
Government debt per person
$681
2024
$37,074
2024
Government debt per person rank
156/185
2024
17/185
2024
Average annual personal income after taxes
$2,258
2026
$49,765
2026
Market capitalization of domestic companies n/a
$296B
2019
Number of millionaires n/a
348,000
2025
Number of billionaires n/a
17
2025
Income share by richest 10% n/a
21.6%
2023
Income share by poorest 10% n/a
3.6%
2023
Government expenditure, % of GDP
17.3%
2024
48.5%
2024
Consumer prices inflation
0.9%
2023-2024
3.15%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
0.26%
2023
3.98%
2024
Population
18113986
5671119

Spending and national debt comparison by year

Cambodia
Spending

Debt
Norway
Spending

Debt
1x
Year % of GDP
Cambodia Norway
Government spending Government debt Government spending Government debt
2024 17.3% 25.9% 48.5% 42.7%
2023 19.1% 26.3% 45.9% 44.1%
2022 18.7% 25.5% 37.5% 36.1%
2021 21% 25.9% 46.3% 41.6%
2020 20.3% 25.2% 56.7% 46%
2019 17.6% 20.8% 50.2% 40.5%
2018 16.1% 21.1% 47.7% 39.3%
2017 16.2% 22.6% 49.2% 38.2%
2016 15.2% 21.8% 50.4% 37.9%
2015 14.5% 23.3% 48.2% 34.3%
2014 16.5% 24.2% 45.2% 29.6%
2013 16.4% 24.4% 43.5% 31.4%
2012 17.1% 24.9% 42.4% 30.9%
2011 16.5% 23.8% 43.3% 29.6%
2010 17% 23.4% 44.5% 43%
2009 17% 23.7% 45.6% 42.5%
2008 13.1% 23% 39.8% 47.5%
2007 12.3% 25.1% 41% 49.5%
2006 11.3% 26.7% 40.5% 52.6%
2005 11% 31.7% 41.8% 42.3%
2004 12.6% 38.7% 44.7% 43.8%
2003 14.5% 39.8% 47.6% 43.1%
2002 16.1% 37.8% 46.1% 33.9%
2001 14.5% 33.5% 43.2% 27.2%
2000 14.9% 34.9% 41.3% 28.7%
1999 13.8% 34.6% 46.4% 25%
1998 13.4% 37.2% 47.8% 23.6%
1997 12.4% 31.4% 45.5% 25.8%
1996 15.7% 30.1% 47% 28.4%
1995 - - 49.3% 32.7%
1994 - - 49.4% 50.6%
1993 - - 50.2% 53.7%
1992 - - 51.3% 45%
1991 - - 50% 39.2%
1990 - - 48.9% 28.9%
1989 - - 52.2% 30.4%
1988 - - 52.6% 30.5%
1987 - - 50.5% 31.3%
1986 - - 48.1% 37.8%
1985 - - 44% 30.2%
1984 - - 44.5% 27.8%
1983 - - 46.4% 27.4%
1982 - - 46.6% 29.7%
1981 - - 46.1% 32.9%
1980 - - 46.1% 36.8%
1979 - - 47.2% 39.6%
1978 - - 47.9% 49.9%
1977 - - 46.5% 43.8%
1976 - - 45.2% 38.5%
1975 - - 43.5% 36.7%
1974 - - 42.2% 35.4%
1973 - - 42.3% 37.7%
1972 - - 42.2% 38.9%
1971 - - 40.7% 38.5%
1970 - - 38.9% 38.6%
1969 - - 38% 22.3%
1968 - - 36.2% 22.5%
1967 - - 34.9% 22.6%
1966 - - 33.5% 22.4%
1965 - - 32.9% 23%
1964 - - 32% 24.2%
1963 - - 31.9% 25.3%
1962 - - 30.6% 26.7%
1961 - - 20.4% 27.7%
1960 - - 18% 29.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/cambodia/norway | CC BY

In 2024, Cambodia's government spending was $8B, accounting for 17.3% of its GDP, while Norway spent $234B, or 48.5% of GDP.

Debt-to-GDP ratio is 25.9% in Cambodia and 42.7% in Norway, ranking 164/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Cambodia

Norway
1x
Year Deficit/surplus, % of GDP
Cambodia Norway
2024 -2.67% 13.2%
2023 -2.83% 16.6%
2022 -0.29% 25.5%
2021 -5.18% 10.3%
2020 -2.53% -2.56%
2019 2.19% 6.52%
2018 0.28% 7.81%
2017 -0.76% 4.96%
2016 -0.29% 4.04%
2015 -0.65% 5.99%
2014 -1.24% 8.57%
2013 -2.01% 10.6%
2012 -3.57% 13.7%
2011 -3.76% 13.3%
2010 -3.09% 10.9%
2009 -3.98% 10.2%
2008 0.43% 18.5%
2007 0.62% 17%
2006 -0.15% 17.9%
2005 -0.34% 14.7%
2004 -3.23% 10.8%
2003 -5.69% 7.2%
2002 -6.07% 9.03%
2001 -4.95% 13.2%
2000 -4.76% 15%
1999 -3.79% 5.71%
1998 -5.35% 3.07%
1997 -3.7% 7.35%
1996 -7.53% 6.01%
1995 - 2.96%
1994 - 0.04%
1993 - -1.64%
1992 - -2.07%
1991 - -0.12%
1990 - 1.95%
1989 - 1.81%
1988 - 2.65%
1987 - 4.56%
1986 - 5.87%
1985 - 9.84%
1984 - 6.97%
1983 - 6.03%
1982 - 3.96%
1981 - 4.82%
1980 - 5.38%
1979 - 2.16%
1978 - 0.94%
1977 - 1.01%
1976 - 2.2%
1975 - 2.88%
1974 - 4.06%
1973 - 4.99%
1972 - 3.93%
1971 - 3.71%
1970 - 2.83%
1969 - 3.57%
1968 - 3.38%
1967 - 4.19%
1966 - 3.59%
1965 - 2.78%
1964 - 3.08%
1963 - 2.6%
1962 - 4%
1961 - -0.7%
1960 - 1.42%
1959 - 1.89%
1958 - 1.7%
1957 - 1.55%
1956 - 1.22%
1955 - 0.82%
1954 - -0.54%
1953 - 1.3%
1952 - 2.15%
1951 - 1.59%
1950 - -0.89%
1949 - -0.72%
1948 - -0.35%
1947 - -4.66%
1946 - -3.82%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -0.54%
1938 - 0.03%
1937 - -0.16%
1936 - -0.7%
1935 - -1.1%
1934 - -0.59%
1933 - -1.29%
1932 - -1.14%
1931 - -1.15%
1930 - -0.46%
1929 - -0.83%
1928 - -0.81%
1927 - -0.76%
1926 - -1.59%
1925 - -1.92%
1924 - -2.96%
1923 - -3.58%
1922 - -4.28%
1921 - -5.47%
1920 - -1.15%
1919 - -2.11%
1918 - -1.17%
1917 - 0.2%
1916 - -0.36%
1915 - -2.04%
1914 - -1.09%
1913 - -0.9%
1912 - -0.89%
1911 - -0.05%
1910 - 0.3%
1909 - -0.52%
1908 - -0.06%
1907 - 0.16%
1906 - -0.59%
1905 - -0.52%
1904 - -0.75%
1903 - -1.12%
1902 - -1.52%
1901 - -1.41%
1900 - -1.99%
1899 - -1.35%
1898 - -1.39%
1897 - -0.63%
1896 - -1.57%
1895 - -1.66%
1894 - -1.13%
1893 - -1.25%
1892 - -0.94%
1891 - -0.44%
1890 - -0.2%
1889 - -0.07%
1888 - -0.23%
1887 - -0.17%
1886 - -0.2%
1885 - -0.005%
1884 - -0.08%
1883 - -0.17%
1882 - -0.62%
1881 - -1.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/cambodia/norway | CC BY

In 2024, Cambodia's government deficit, the difference between spending and revenue, was $1.24B, equivalent to 2.67% of GDP. This compares to Norway's surplus of $64.1B, or 13.2% of GDP.

Over the past 29 years, Cambodia recorded a fiscal deficit in 25 of those years, while Norway ran a deficit in 1 years. On average, Cambodia posted an annual deficit equal to 2.58% of GDP, compared to surplus of 10.5% of GDP for Norway.

Inflation comparison by year

Inflation
Cambodia

Norway
1x
Year Consumer prices inflation
Cambodia Norway
2024 0.9% 3.15%
2023 2.1% 5.52%
2022 5.3% 5.76%
2021 2.9% 3.48%
2020 2.9% 1.29%
2019 2% 2.17%
2018 2.4% 2.76%
2017 2.9% 1.88%
2016 3% 3.55%
2015 1.2% 2.17%
2014 3.9% 2.04%
2013 2.9% 2.12%
2012 2.9% 0.7%
2011 5.5% 1.28%
2010 4% 2.42%
2009 -0.7% 2.2%
2008 25% 3.75%
2007 7.7% 0.71%
2006 6.1% 2.33%
2005 6.3% 1.53%
2004 3.9% 0.45%
2003 1% 2.49%
2002 0% 1.29%
2001 -0.1% 3%
2000 -0.8% 3.09%
1999 2% 2.37%
1998 12.9% 2.25%
1997 10.5% 2.57%

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/cambodia/norway | CC BY

Over the past 28 years, Cambodia has recorded an average annual inflation rate of 4.24%, compared with 2.44% in Norway. In 2024, inflation was 0.9% in Cambodia and 3.15% in Norway.

Top exports between countries

Cambodia
Export category Export value
Textiles & consumer goods $3.18M
Raw agricultural goods $2.72M
Machinery & equipment $109K
Miscellaneous $7K
Processed food, beverages & tobacco $7K
Raw materials & minerals $3K
Norway
Export category Export value
Animal & marine products $295K
Machinery & equipment $153K
Chemicals & pharma $149K
Miscellaneous $139K
Processed food, beverages & tobacco $20K
Textiles & consumer goods $8K
Wood & paper products $4K
Metals $1K

Balance of trade

Cambodia Norway
Current account balance
$228M
2024
$71.6B
2024
Current account balance ranking
65/190
2024
11/190
2024
Current account balance, % of GDP
+0.49%
2024
+14.8%
2024
Goods imports
$31.2B
2024
$97.5B
2024
Goods exports
$26.8B
2024
$162B
2024
Service imports
$3.08B
2024
$63.6B
2024
Service exports
$4.97B
2024
$55.6B
2024
Imports of goods and services, % of GDP
72.1%
2024
33.9%
2024
Exports of goods and services, % of GDP
71.4%
2024
47.5%
2024

Economic freedom indices

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

Cambodia Norway
Economic freedom 58.7 78.8
Economic freedom ranking 108/197 9/197
Property rights 38.1 99.6
Government integrity 18.9 94.3
Judicial effectiveness 21.2 96.4
Tax burden 90.3 63.3
Government spending 89.9 42
Fiscal health 92.7 96.4
Business freedom 60.8 91.2
Labor freedom 48.3 69.3
Monetary freedom 77 72.4
Trade freedom 67.8 85.6
Investment freedom 50 75
Financial freedom 50 60

Economic freedom comparison by year

Cambodia
Norway
1x
Year Economic freedom index
Cambodia Norway
2026 58.7 78.8
2025 58.2 78.3
2024 55.6 77.5
2023 56.5 76.9
2022 57.1 76.9
2021 57.3 73.4
2020 57.3 73.4
2019 57.8 73
2018 58.7 74.3
2017 59.5 74
2016 57.9 70.8
2015 57.5 71.8
2014 57.4 70.9
2013 58.5 70.5
2012 57.6 68.8
2011 57.9 70.3
2010 56.6 69.4
2009 56.6 70.2
2008 55.9 68.6
2007 55.9 67.9
2006 56.7 67.9
2005 60 64.5
2004 61.1 66.2
2003 63.7 67.2
2002 60.7 67.4
2001 59.6 67.1
2000 59.3 70.1
1999 59.9 68.6
1998 59.8 68
1997 52.8 65.1
1996 - 65.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/cambodia/norway | CC BY

The Economic Freedom Index for Cambodia is 58.7, ranking 108/197, compared to 78.8 for Norway, ranking 9/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cambodia Norway
Services, % of GDP
35.6%
2024
51.8%
2024
Industry, % of GDP
41.8%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
16.6%
2024
2.08%
2024
GNI, Atlas method
$44.9B
2024
$547B
2024
GNI per capita, PPP
$7,910
2024
$106,830
2024
Total reserves including gold
$22.5B
2024
$81.2B
2024
Total reserves ranking
58/177
2024
32/177
2024
Net foreign direct investment
-$4.22B
2024
-$7.83B
2024
Net inflows of foreign direct investment
$4.39B
2024
$12B
2024
Net outflows of foreign direct investment
$172M
2024
$4.95B
2024
Servicing debt to the IMF, % of GNI
7.41%
2024
n/a
Poverty at national poverty lines
17.7%
2012
12.2%
2021
Gross capital formation, % of GDP
32.2%
2024
24.1%
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/cambodia/norway | 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 (1881–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.