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Economy of Canada vs Moldova compared: GDP & Debt

Updated on by Georank team

Canada has a GDP of $2.24T compared to $18.2B for Moldova, ranking 9/197 and 134/197 by economy size, respectively.

Canada has $2.5T in government debt (111.3% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Canada vs Moldova GDP by year

Canada
Moldova
1x
Year GDP, current $
Canada Moldova
2024 $2,243,636,826,634 $18,200,340,854
2023 $2,173,339,670,064 $16,711,906,746
2022 $2,190,411,080,134 $14,525,337,524
2021 $2,022,378,748,423 $13,691,869,264
2020 $1,655,684,730,000 $11,530,746,234
2019 $1,743,725,183,673 $11,736,797,055
2018 $1,725,329,192,783 $11,252,353,421
2017 $1,649,265,644,244 $9,514,404,016
2016 $1,527,994,741,907 $7,980,917,076
2015 $1,556,508,816,217 $7,797,667,197
2014 $1,805,749,878,440 $9,402,090,138
2013 $1,846,597,421,835 $9,496,717,876
2012 $1,828,366,481,522 $8,709,138,635
2011 $1,793,326,630,175 $8,414,352,020
2010 $1,617,343,367,486 $6,974,982,370
2009 $1,374,625,142,157 $5,439,434,272
2008 $1,552,989,690,722 $6,054,824,248
2007 $1,468,820,407,783 $4,401,173,152
2006 $1,319,264,809,591 $3,408,255,451
2005 $1,173,108,598,779 $2,988,342,907
2004 $1,026,690,238,278 $2,598,249,556
2003 $895,540,646,635 $1,980,907,435
2002 $760,649,334,098 $1,661,818,168
2001 $738,981,792,355 $1,480,673,594
2000 $744,773,415,932 $1,288,429,392
1999 $678,412,196,271 $1,170,782,957
1998 $634,000,000,000 $1,698,717,505
1997 $654,986,999,856 $1,930,081,169
1996 $630,607,994,133 $1,695,122,174
1995 $605,961,090,061 $1,752,999,370
1994 $579,944,346,807 $1,702,314,268
1993 $579,053,561,739 $2,371,813,324
1992 $594,387,358,319 $2,319,243,436
1991 $612,527,712,316 $3,094,565,871
1990 $596,075,591,361 $3,592,857,043
1989 $567,211,993,243 -
1988 $509,380,027,627 -
1987 $433,134,238,311 -
1986 $379,006,836,992 -
1985 $366,186,012,450 -
1984 $356,718,400,124 -
1983 $341,866,277,183 -
1982 $314,647,807,409 -
1981 $307,246,642,756 -
1980 $274,776,566,028 -
1979 $243,891,124,296 -
1978 $219,369,542,386 -
1977 $212,325,176,305 -
1976 $207,271,612,576 -
1975 $174,419,757,177 -
1974 $160,949,188,139 -
1973 $131,764,343,566 -
1972 $113,463,848,874 -
1971 $99,606,454,744 -
1970 $88,192,257,632 -
1969 $79,405,011,125 -
1968 $72,048,833,006 -
1967 $65,856,924,424 -
1966 $61,252,415,405 -
1965 $54,649,410,479 -
1964 $49,503,663,836 -
1963 $45,140,337,827 -
1962 $42,336,211,556 -
1961 $41,038,192,838 -
1960 $40,563,768,947 -

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

GeoRank.org/economy/canada/moldova | CC BY

GDP per capita in Canada vs Moldova by year

Canada
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Canada Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,340 $64,610 $7,576 $18,615
2023 $54,220 $64,219 $6,800 $17,747
2022 $56,257 $63,944 $5,744 $16,453
2021 $52,887 $56,995 $5,275 $15,682
2020 $43,538 $48,591 $4,376 $13,527
2019 $46,353 $50,499 $4,405 $13,413
2018 $46,539 $49,983 $4,156 $11,868
2017 $45,130 $48,317 $3,453 $11,252
2016 $42,314 $46,471 $2,847 $10,326
2015 $43,594 $44,668 $2,750 $9,198
2014 $50,961 $45,758 $3,290 $8,643
2013 $52,638 $44,301 $3,321 $8,233
2012 $52,670 $42,292 $3,045 $7,255
2011 $52,224 $41,667 $2,941 $6,833
2010 $47,561 $40,103 $2,437 $6,323
2009 $40,875 $38,863 $1,898 $5,827
2008 $46,710 $40,376 $2,111 $6,153
2007 $44,660 $39,573 $1,531 $5,590
2006 $40,504 $38,123 $1,183 $5,271
2005 $36,384 $36,328 $1,034 $4,866
2004 $32,146 $33,929 $897 $4,378
2003 $28,302 $32,350 $682 $3,960
2002 $24,256 $30,964 $571 $3,633
2001 $23,822 $30,241 $507 $3,311
2000 $24,271 $29,348 $441 $3,045
1999 $22,315 $27,841 $399 $2,910
1998 $21,025 $26,324 $579 $2,965
1997 $21,902 $25,264 $657 $3,136
1996 $21,297 $24,055 $575 $3,021
1995 $20,680 $23,474 $594 $3,146
1994 $19,998 $22,624 $574 $3,111
1993 $20,187 $21,432 $797 $4,394
1992 $20,950 $20,619 $778 $4,337
1991 $21,847 $20,220 $1,038 $5,980
1990 $21,526 $20,226 $1,207 $6,895
1989 $20,795 - - -
1988 $19,013 - - -
1987 $16,378 - - -
1986 $14,521 - - -
1985 $14,170 - - -
1984 $13,930 - - -
1983 $13,477 - - -
1982 $12,527 - - -
1981 $12,379 - - -
1980 $11,208 - - -
1979 $10,078 - - -
1978 $9,154 - - -
1977 $8,949 - - -
1976 $8,839 - - -
1975 $7,537 - - -
1974 $7,057 - - -
1973 $5,858 - - -
1972 $5,107 - - -
1971 $4,535 - - -
1970 $4,136 - - -
1969 $3,776 - - -
1968 $3,473 - - -
1967 $3,226 - - -
1966 $3,055 - - -
1965 $2,777 - - -
1964 $2,562 - - -
1963 $2,380 - - -
1962 $2,274 - - -
1961 $2,246 - - -
1960 $2,265 - - -

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

GeoRank.org/economy/canada/moldova | CC BY

Canada's GDP per capita is $54,340, ranking 20/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Canada ranks 28th at $64,610, while Moldova ranks 100th at $18,615.

Economic indicators

Canada Moldova
Gross domestic product
$2.24T
2024
$18.2B
2024
GDP rank
9/197
2024
134/197
2024
GDP growth
1.55%
2023-2024
0.1%
2023-2024
GDP per capita
$54,340
2024
$7,576
2024
GDP per capita rank
20/197
2024
99/197
2024
GDP per capita, PPP
$64,610
2024
$18,615
2024
GDP per capita PPP rank
28/197
2024
100/197
2024
Government debt
$2.5T
2024
$7.06B
2024
Debt-to-GDP ratio
111.3%
2024
38.8%
2024
Government debt per person
$60,482
2024
$2,938
2024
Government debt per person rank
4/185
2024
102/185
2024
Average annual personal income after taxes
$37,320
2026
$4,291
2026
Market capitalization of domestic companies
$3.37T
2024
n/a
Number of millionaires
2,098,000
2025
n/a
Number of billionaires
76
2025
n/a
Income share by richest 10%
24.1%
2021
22.8%
2023
Income share by poorest 10%
3.3%
2021
4.3%
2023
Government expenditure, % of GDP
44.7%
2024
38%
2024
Consumer prices inflation
2.38%
2023-2024
4.68%
2023-2024
Central bank interest rate
2.25%
2025
6%
2025
Unemployment rate
6.35%
2024
1.43%
2024
Population
42181965
2341166

Spending and national debt comparison by year

Canada
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Canada Moldova
Government spending Government debt Government spending Government debt
2024 44.7% 111.3% 38% 38.8%
2023 42.1% 107.7% 38.8% 34.9%
2022 40.6% 104.2% 36.6% 35%
2021 45.5% 112.6% 34.6% 33.6%
2020 52.4% 118.1% 36.7% 36.6%
2019 40.6% 90.2% 32% 28.8%
2018 40.7% 90.8% 31.5% 31.8%
2017 40.5% 90.9% 31% 34.9%
2016 40.8% 92.4% 30.5% 39.7%
2015 40% 92% 31.7% 42.1%
2014 38.4% 85.5% 33.8% 35.4%
2013 40% 87.6% 32.4% 30%
2012 40.9% 87.2% 33.7% 31.3%
2011 41.6% 84.3% 32.6% 24.2%
2010 43.1% 84% 34.1% 25.5%
2009 43.4% 81.8% 45.3% 32.6%
2008 38.8% 70.4% 41.5% 22.2%
2007 38.5% 67.2% 42.7% 28.3%
2006 38.7% 69.9% 40.3% 35%
2005 38.5% 70.6% 37.1% 40.4%
2004 39.1% 71.9% 34.8% 49.3%
2003 40.3% 75.9% 33.5% 68.1%
2002 40.4% 79.6% 30.7% 80.3%
2001 41.1% 81.5% 29.5% 85.4%
2000 40.6% 80.4% 34% 89.1%
1999 41.8% 89% 33% 150.7%
1998 43.4% 93.3% 39.1% 159.4%
1997 43.5% 95.3% 46% 89%
1996 45.9% 100.2% 43.3% 87.5%
1995 47.7% 100.1% 42% 79.5%
1994 49% 97.5% - -
1993 51.5% 94.7% - -
1992 52.5% 88.2% - -
1991 51.4% 81.7% - -
1990 48.1% 73.7% - -
1989 45.8% 72.2% - -
1988 45.4% 71.1% - -
1987 46.1% 71.4% - -
1986 47.6% 71% - -
1985 48.3% 66.9% - -
1984 47.5% 61.7% - -
1983 47.9% 58.4% - -
1982 47.3% 52.7% - -
1981 42.5% 46.9% - -
1980 41.6% 45.6% - -
1979 40% 45.3% - -
1978 41.6% 48% - -
1977 41.4% 45.1% - -
1976 40.2% 43.6% - -
1975 41.1% 45.2% - -
1974 37.6% 45.8% - -
1973 36% 48% - -
1972 37.5% 53.5% - -
1971 37.3% 55.3% - -
1970 36% 54.3% - -
1969 33.9% 53% - -
1968 33.8% 55.9% - -
1967 32.9% 56.9% - -
1966 30.8% 56.6% - -
1965 29.8% 60.1% - -
1964 29.7% 63.7% - -
1963 30.3% 67% - -
1962 30.6% 67.2% - -
1961 30.6% 68.2% - -
1960 14.9% 66.1% - -

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/canada/moldova | CC BY

In 2024, Canada's government spending was $1T, accounting for 44.7% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 111.3% in Canada and 38.8% in Moldova, ranking 15/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Canada

Moldova
1x
Year Deficit/surplus, % of GDP
Canada Moldova
2024 -2.01% -3.88%
2023 0.07% -5.13%
2022 0.56% -3.24%
2021 -3.06% -2.62%
2020 -10.9% -5.32%
2019 -0.02% -1.47%
2018 0.36% -0.85%
2017 -0.11% -0.65%
2016 -0.45% -1.56%
2015 -0.06% -1.93%
2014 0.17% -1.6%
2013 -1.49% -1.57%
2012 -2.52% -1.93%
2011 -3.31% -2.05%
2010 -4.74% -2.18%
2009 -3.88% -6.38%
2008 0.18% -0.87%
2007 1.82% 0.15%
2006 1.83% -0.42%
2005 1.55% 1.44%
2004 0.77% 0.59%
2003 -0.13% 0.47%
2002 -0.23% -1.18%
2001 0.53% -0.34%
2000 2.64% -3.55%
1999 1.66% -2.64%
1998 0.14% -1.52%
1997 0.04% -7.47%
1996 -3.05% -7.42%
1995 -5.49% -2.58%
1994 -6.94% -
1993 -8.93% -
1992 -9.2% -
1991 -8.36% -
1990 -5.91% -
1989 -4.6% -
1988 -4.33% -
1987 -5.42% -
1986 -7.14% -
1985 -8.59% -
1984 -7.78% -
1983 -8.17% -
1982 -7.03% -
1981 -2.83% -
1980 -4.07% -
1979 -3.41% -
1978 -4.77% -
1977 -4.1% -
1976 -2.78% -
1975 -3.54% -
1974 1.1% -
1973 0.6% -
1972 -0.97% -
1971 -1.02% -
1970 -0.36% -
1969 1.2% -
1968 -0.45% -
1967 -0.82% -
1966 -0.07% -
1965 -0.25% -
1964 -0.68% -
1963 -2.31% -
1962 -2.6% -
1961 -2.75% -
1960 -0.85% -
1959 -1.08% -
1958 -1.69% -
1957 -0.11% -
1956 0.77% -
1955 -0.11% -
1954 -0.57% -
1953 0.3% -
1952 0.09% -
1951 1.1% -
1950 1.09% -
1949 0.78% -
1948 3.84% -
1947 5.02% -
1946 3.14% -
1945 -17.9% -
1944 -21.6% -
1943 -23.1% -
1942 -20.8% -
1941 -4.79% -
1940 -5.62% -
1939 -2.11% -
1938 -0.97% -
1937 -0.34% -
1936 -1.68% -
1935 -3.72% -
1934 -2.93% -
1933 -3.83% -
1932 -5.79% -
1931 -2.43% -
1930 -1.47% -
1929 0.78% -
1928 1.12% -
1927 0.92% -
1926 0.81% -
1925 0.55% -
1924 0.007% -
1923 0.79% -
1922 -0.75% -
1921 -2% -
1920 -1.82% -
1919 -8.94% -
1918 -8.98% -
1917 -7.83% -
1916 -8.14% -
1915 -6.17% -
1914 -4.63% -
1913 -0.82% -
1912 1.03% -
1911 0.004% -
1910 -0.18% -
1909 -0.67% -
1908 -2.78% -
1907 -0.83% -
1906 0.22% -
1905 -0.07% -
1904 -0.44% -
1903 0.07% -
1902 0.91% -
1901 -0.34% -
1900 -0.33% -
1899 0.1% -
1898 -0.3% -
1897 -0.35% -
1896 -0.48% -
1895 -0.85% -
1894 -1.06% -
1893 -0.66% -
1892 -0.07% -
1891 3.23% -
1890 -0.04% -
1889 0% -
1888 -0.48% -
1887 -1.18% -
1886 -0.73% -
1885 -4.82% -
1884 -2.43% -
1883 -3.88% -
1882 -0.78% -
1881 0.32% -
1880 -0.62% -
1879 -2.11% -
1878 -0.63% -
1877 -1.63% -
1876 -2.06% -
1875 -1.88% -
1874 -1.57% -
1873 -1.74% -
1872 -3.93% -
1871 -1.09% -
1870 0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1870–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/canada/moldova | CC BY

In 2024, Canada's government deficit, the difference between spending and revenue, was $45.2B, equivalent to 2.01% of GDP. This compares to Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Canada recorded a fiscal deficit in 16 of those years, while Moldova ran a deficit in 26 years. On average, Canada posted an annual deficit equal to 0.97% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Canada

Moldova
1x
Year Consumer prices inflation
Canada Moldova
2024 2.38% 4.68%
2023 3.88% 13.4%
2022 6.8% 28.7%
2021 3.4% 5.11%
2020 0.72% 3.77%
2019 1.95% 4.84%
2018 2.27% 3.05%
2017 1.6% 6.57%
2016 1.43% 6.36%
2015 1.13% 9.68%
2014 1.91% 5.09%
2013 0.94% 4.6%
2012 1.52% 4.55%
2011 2.91% 7.69%
2010 1.78% 7.48%
2009 0.3% -0.06%
2008 2.37% 12.8%
2007 2.14% 12.4%
2006 2% 12.8%
2005 2.21% 12%
2004 1.86% 12.5%
2003 2.76% 11.7%
2002 2.26% 5.3%
2001 2.53% 9.76%
2000 2.72% 31.3%
1999 1.73% 39.3%
1998 1% 7.7%
1997 1.62% 11.8%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/canada/moldova | CC BY

Over the past 28 years, Canada has recorded an average annual inflation rate of 2.15%, compared with 10.5% in Moldova. In 2024, inflation was 2.38% in Canada and 4.68% in Moldova.

Top exports between countries

Canada
Export category Export value
Machinery & equipment $1.57M
Chemicals & pharma $286K
Animal & marine products $247K
Raw materials & minerals $94K
Textiles & consumer goods $90K
Processed food, beverages & tobacco $82K
Wood & paper products $77K
Raw agricultural goods $69K
Miscellaneous $10K
Metals $3K
Moldova
Export category Export value
Processed food, beverages & tobacco $7.91M
Textiles & consumer goods $1.31M
Raw agricultural goods $235K
Machinery & equipment $181K
Animal & marine products $156K
Chemicals & pharma $141K
Wood & paper products $106K
Metals $15K
Raw materials & minerals $13K
Precious metals & jewellery $7K

Balance of trade

Canada Moldova
Current account balance
-$10.3B
2024
-$3.01B
2024
Current account balance ranking
177/190
2024
156/190
2024
Current account balance, % of GDP
-0.46%
2024
-16.6%
2024
Goods imports
$574B
2024
$8.63B
2024
Goods exports
$569B
2024
$3.01B
2024
Service imports
$160B
2024
$1.8B
2024
Service exports
$159B
2024
$2.73B
2024
Imports of goods and services, % of GDP
32.7%
2024
57.3%
2024
Exports of goods and services, % of GDP
32.4%
2024
31.4%
2024

Economic freedom indices

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

Canada Moldova
Economic freedom 75.6 58.1
Economic freedom ranking 17/197 112/197
Property rights 85.9 40.4
Government integrity 85.5 45.1
Judicial effectiveness 96 32.4
Tax burden 74.7 87.9
Government spending 45.9 57.2
Fiscal health 79.7 70.3
Business freedom 84.2 68.3
Labor freedom 68.3 48.1
Monetary freedom 73.8 66
Trade freedom 83.2 76.8
Investment freedom 60 55
Financial freedom 70 50

Economic freedom comparison by year

Canada
Moldova
1x
Year Economic freedom index
Canada Moldova
2026 75.6 58.1
2025 75.5 58.3
2024 72.4 57.1
2023 73.7 58.5
2022 76.6 61.3
2021 77.9 62.5
2020 78.2 62
2019 77.7 59.1
2018 77.7 58.4
2017 78.5 58
2016 78 57.4
2015 79.1 57.5
2014 80.2 57.3
2013 79.4 55.5
2012 79.9 54.4
2011 80.8 55.7
2010 80.4 53.7
2009 80.5 54.9
2008 80.2 57.9
2007 78 58.7
2006 77.4 58
2005 75.8 57.4
2004 75.3 57.1
2003 74.8 60
2002 74.6 57.4
2001 71.2 54.9
2000 70.5 59.6
1999 69.3 56.1
1998 68.5 53.5
1997 67.9 48.9
1996 70.3 52.5
1995 69.4 33

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

GeoRank.org/economy/canada/moldova | CC BY

The Economic Freedom Index for Canada is 75.6, ranking 17/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Canada Moldova
Services, % of GDP
66.4%
2021
62.3%
2024
Industry, % of GDP
25.3%
2021
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.6%
2021
7.11%
2024
GNI, Atlas method
$2.2T
2024
$16.5B
2024
GNI per capita, PPP
$63,630
2024
$18,710
2024
Total reserves including gold
$120B
2024
$5.48B
2024
Total reserves ranking
23/177
2024
96/177
2024
Net foreign direct investment
$27.8B
2024
-$360M
2024
Net inflows of foreign direct investment
$63.1B
2024
$458M
2024
Net outflows of foreign direct investment
$89.4B
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI n/a
6.22%
2024
Poverty at national poverty lines
9.4%
2020
31.6%
2023
Gross capital formation, % of GDP
23.2%
2024
21.1%
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/canada/moldova | 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 (1870–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (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)
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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.