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Economy of Chad vs Ireland compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $20.6B compared to $577B for Ireland, ranking 127/197 and 26/197 by economy size, respectively.

Chad has $6.97B in government debt (33.9% of GDP), compared to $237B (36.7% of GDP) in Ireland.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Chad
GDP, current $

GDP, constant 2015 $
Ireland
GDP, current $

GDP, constant 2015 $
Year GDP
Chad Ireland
Current $ Constant $ Current $ Constant $
1960 $313,582,728 $2,436,524,901 $1,998,550,222 $24,135,304,212
1961 $333,975,336 $2,470,581,274 $2,151,772,980 $25,345,971,888
1962 $357,635,713 $2,603,007,299 $2,329,372,972 $26,161,210,989
1963 $371,767,002 $2,561,373,394 $2,505,073,358 $27,402,464,757
1964 $392,247,518 $2,497,058,855 $2,851,091,646 $28,439,911,537
1965 $416,926,303 $2,512,196,720 $3,035,655,794 $28,989,783,007
1966 $432,794,922 $2,466,799,004 $3,198,820,904 $29,248,688,585
1967 $449,826,323 $2,485,724,320 $3,445,739,915 $30,940,931,207
1968 $453,980,096 $2,474,359,119 $3,378,701,147 $33,491,679,547
1969 $471,635,622 $2,644,627,446 $3,902,721,632 $35,455,583,097
1970 $469,266,737 $2,693,808,432 $4,395,995,086 $36,398,889,273
1971 $501,866,730 $2,633,261,683 $5,098,250,287 $37,661,889,497
1972 $585,427,547 $2,663,534,083 $6,318,060,582 $40,106,073,853
1973 $647,199,483 $2,440,306,408 $7,481,173,066 $41,999,654,025
1974 $652,532,795 $2,561,390,814 $7,896,860,615 $43,788,935,191
1975 $864,602,105 $2,792,178,974 $9,483,808,362 $46,265,920,023
1976 $866,044,962 $2,875,407,275 $9,453,756,015 $46,911,240,716
1977 $935,360,465 $2,939,661,840 $11,248,340,431 $50,763,263,747
1978 $1,113,920,124 $2,925,856,183 $14,647,996,074 $54,411,482,150
1979 $1,004,316,496 $2,298,520,793 $18,319,334,300 $56,083,566,026
1980 $1,033,002,404 $2,159,513,824 $21,747,855,640 $57,810,564,161
1981 $876,937,558 $2,182,035,784 $20,670,190,138 $59,732,889,691
1982 $834,369,860 $2,298,700,706 $21,474,754,080 $61,096,872,066
1983 $832,415,806 $2,659,107,502 $20,766,047,764 $60,947,611,497
1984 $919,103,735 $2,713,589,927 $20,106,648,455 $63,601,496,993
1985 $1,033,069,709 $3,304,956,434 $21,270,013,326 $65,563,994,971
1986 $1,067,828,246 $3,170,059,101 $28,714,571,852 $65,283,164,433
1987 $1,163,426,852 $3,094,332,460 $33,920,518,493 $68,327,377,194
1988 $1,482,597,298 $3,573,408,122 $37,772,897,421 $71,892,299,777
1989 $1,433,686,312 $3,747,959,643 $39,238,392,678 $76,072,060,855
1990 $1,738,605,558 $3,591,352,184 $49,305,632,408 $82,512,722,627
1991 $1,877,137,982 $3,897,879,020 $49,787,502,852 $84,104,920,354
1992 $1,881,847,670 $4,209,765,601 $55,918,538,121 $86,916,779,429
1993 $1,463,251,164 $3,548,418,285 $52,417,477,614 $89,257,108,591
1994 $1,179,837,963 $3,908,117,459 $57,097,656,066 $94,394,592,358
1995 $1,445,919,895 $3,956,443,259 $69,139,823,232 $103,488,966,796
1996 $1,607,345,356 $4,044,057,628 $75,790,785,030 $111,126,062,335
1997 $1,544,689,577 $4,272,684,072 $82,856,648,758 $123,374,112,120
1998 $1,744,794,531 $4,569,703,120 $90,199,410,116 $134,189,242,521
1999 $1,534,673,583 $4,538,498,892 $98,893,958,263 $148,319,214,947
2000 $1,388,506,772 $4,498,574,578 $100,207,610,430 $162,266,448,874
2001 $1,710,843,377 $5,023,024,460 $109,346,669,230 $170,876,017,448
2002 $1,997,005,709 $5,449,540,006 $128,596,035,288 $180,956,619,890
2003 $2,742,815,072 $6,251,803,140 $164,670,771,260 $186,410,359,135
2004 $4,422,855,661 $8,354,245,265 $194,372,115,041 $199,064,153,315
2005 $8,655,892,393 $9,802,247,644 $211,876,989,656 $210,490,003,080
2006 $9,709,626,596 $9,751,126,740 $232,180,617,162 $220,988,938,813
2007 $10,865,385,132 $10,175,906,505 $270,079,279,420 $232,723,709,425
2008 $13,385,593,990 $10,492,210,538 $275,447,471,451 $222,288,216,395
2009 $12,317,614,054 $10,351,773,940 $236,443,117,248 $210,960,893,946
2010 $14,058,506,664 $11,779,737,898 $221,985,621,538 $214,511,307,293
2011 $16,685,349,674 $12,316,138,912 $241,337,364,610 $218,048,113,964
2012 $17,892,228,570 $13,431,079,587 $227,270,922,957 $217,178,188,158
2013 $17,865,316,886 $13,808,137,253 $243,301,556,085 $221,939,116,699
2014 $18,144,336,904 $14,092,996,497 $266,787,238,499 $242,659,427,540
2015 $14,559,599,500 $14,559,599,500 $302,391,428,540 $302,391,428,540
2016 $13,026,289,836 $13,958,298,469 $305,733,136,181 $306,088,582,543
2017 $13,349,041,409 $13,731,058,253 $348,532,394,024 $336,849,347,915
2018 $15,327,000,249 $14,519,374,209 $395,461,216,460 $362,262,415,223
2019 $14,905,517,743 $15,301,773,407 $407,124,824,065 $380,522,433,254
2020 $14,932,897,821 $15,239,205,318 $436,555,518,400 $407,759,843,938
2021 $16,871,937,698 $15,284,005,406 $531,306,516,908 $474,043,708,272
2022 $17,828,508,290 $17,255,124,959 $548,570,250,342 $514,903,922,090
2023 $19,107,685,021 $17,965,596,410 $551,394,889,340 $486,429,697,154
2024 $20,625,711,665 $18,622,140,347 $577,389,475,010 $492,370,629,886

Economic indicators

Chad Ireland
Gross domestic product
$20.6B
2024
$577B
2024
GDP rank
127/197
2024
26/197
2024
GDP growth
7.94%
2023-2024
4.71%
2023-2024
GDP per capita
$1,016
2024
$107,316
2024
GDP per capita rank
175/197
2024
4/197
2024
GDP per capita, PPP
$2,962
2024
$131,175
2024
Government debt
$6.97B
2024
$237B
2024
Debt-to-GDP ratio
33.9%
2025
36.7%
2025
Government debt per person
$343
2024
$44,121
2024
Government debt per person rank
175/185
2024
11/185
2024
Average annual personal income after taxes
$1,511
2025
$44,579
2025
Market capitalization of domestic companies n/a
$110B
2018
Number of billionaires n/a
11
2025
Income share by richest 10%
29.5%
2022
24.1%
2023
Income share by poorest 10%
2.8%
2022
3.7%
2023
Government expenditure, % of GDP
18.3%
2025
23.9%
2025
Consumer prices inflation
4%
2024-2025
2.11%
2023-2024
Unemployment rate
1.14%
2018
4.27%
2024
Population
21450865
5474763

GDP per capita in Chad vs Ireland

Chad's GDP per capita is $1,016, ranking 175/197, compared to $107,316 in Ireland, ranking 4/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 181st at $2,962, while Ireland ranks 4th at $131,175.

Chad
GDP per capita

GDP per capita, PPP
Ireland
GDP per capita

GDP per capita, PPP
Year Current $
Chad Ireland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $102.8 - $707 -
1961 $107.3 - $762 -
1962 $112.6 - $821 -
1963 $114.7 - $878 -
1964 $118.6 - $995 -
1965 $123.6 - $1,055 -
1966 $125.8 - $1,107 -
1967 $128.2 - $1,187 -
1968 $126.9 - $1,159 -
1969 $129.2 - $1,331 -
1970 $125.9 - $1,487 -
1971 $131.8 - $1,704 -
1972 $150.4 - $2,080 -
1973 $162.4 - $2,424 -
1974 $160 - $2,517 -
1975 $207.5 - $2,973 -
1976 $203.7 - $2,920 -
1977 $215.9 - $3,427 -
1978 $252.5 - $4,400 -
1979 $222.9 - $5,430 -
1980 $228.8 - $6,372 -
1981 $194 - $5,986 -
1982 $176.1 - $6,161 -
1983 $167.2 - $5,915 -
1984 $182.2 - $5,692 -
1985 $202.7 - $6,012 -
1986 $203.4 - $8,112 -
1987 $213.9 - $9,582 -
1988 $263.5 - $10,716 -
1989 $246.4 - $11,176 -
1990 $290.6 $962 $14,031 $13,734
1991 $302 $1,041 $14,087 $14,389
1992 $290.6 $1,102 $15,714 $15,106
1993 $220.7 $929 $14,657 $15,801
1994 $173.9 $1,021 $15,903 $17,000
1995 $204 $1,010 $19,158 $18,932
1996 $216.9 $1,006 $20,836 $20,474
1997 $201.4 $1,044 $22,551 $22,632
1998 $219.8 $1,091 $24,295 $25,092
1999 $186.6 $1,061 $26,338 $27,041
2000 $163.1 $1,039 $26,335 $30,209
2001 $194.3 $1,147 $28,282 $32,577
2002 $219.1 $1,220 $32,705 $35,222
2003 $289.1 $1,372 $41,204 $36,285
2004 $446 $1,800 $47,754 $38,734
2005 $838 $2,093 $50,933 $40,466
2006 $907 $2,070 $54,329 $44,232
2007 $980 $2,144 $61,396 $46,784
2008 $1,166 $2,175 $61,353 $44,169
2009 $1,036 $2,084 $52,133 $41,470
2010 $1,142 $2,318 $48,679 $43,217
2011 $1,308 $2,388 $52,693 $45,526
2012 $1,354 $2,435 $49,412 $46,726
2013 $1,305 $2,110 $52,619 $48,839
2014 $1,279 $2,133 $57,278 $52,641
2015 $994 $2,378 $64,312 $71,607
2016 $862 $2,120 $64,193 $73,013
2017 $854 $2,097 $72,198 $80,450
2018 $949 $2,228 $80,739 $86,299
2019 $893 $2,352 $81,810 $92,023
2020 $867 $2,186 $86,623 $97,800
2021 $946 $2,435 $103,962 $116,904
2022 $966 $2,845 $105,235 $136,104
2023 $989 $2,932 $103,888 $124,901
2024 $1,016 $2,962 $107,316 $131,175

Spending and national debt comparison

In 2024, Chad's government spending was $3.84B, accounting for 18.3% of its GDP, while Ireland's spent $135B, or 23.9% of GDP.

Debt-to-GDP ratio is 33.9% in Chad and 36.7% in Ireland, ranking 150/185 and 143/185, respectively.

Chad
Government spending

Government debt
Ireland
Government spending

Government debt
Year % of GDP
Chad Ireland
Government spending Government debt Government spending Government debt
1960 - - 29.1% 44.9%
1961 - - 31.4% 44.3%
1962 - - 31.7% 44.5%
1963 - - 33.6% 45.2%
1964 - - 34.8% 43.1%
1965 - - 35.8% 44.6%
1966 - - 36.9% 47.7%
1967 - - 39.3% 47.1%
1968 - - 40% 44.7%
1969 - - 42.5% 42.6%
1970 - - 44.1% 41.7%
1971 - - 45.3% 39.8%
1972 - - 41.5% 37.3%
1973 - - 40.3% 35.1%
1974 - - 44.3% 43.5%
1975 - - 48.2% 48.3%
1976 - - 47.8% 51.7%
1977 - - 44.6% 49.2%
1978 - - 46.2% 50.6%
1979 - - 48.7% 63.5%
1980 - - 53.7% 64.6%
1981 - - 54.1% 68.8%
1982 - - 56.7% 73.5%
1983 - - 55.6% 86.1%
1984 - - 52.7% 90.2%
1985 - - 53.2% 93%
1986 - - 52.9% 107.2%
1987 - - 51.4% 108.3%
1988 - - 48.2% 106.5%
1989 - - 42.5% 97.9%
1990 - - 44.6% 92.7%
1991 - - 46.1% 93.8%
1992 - - 46.8% 90.6%
1993 - - 44.6% 93.4%
1994 - - 44.2% 88%
1995 12.3% 39.2% 40.3% 78.5%
1996 12% 38.6% 38.5% 69.8%
1997 12% 39.3% 36.1% 61.6%
1998 10.1% 33% 34.2% 51.4%
1999 12.9% 44.7% 32.5% 46.6%
2000 14% 52.4% 30.6% 36.4%
2001 12% 43.5% 32.2% 33.6%
2002 13.8% 42% 32.9% 30.9%
2003 14.9% 34.4% 32.7% 29.8%
2004 9.84% 25.2% 32.8% 28.1%
2005 8.87% 22% 33% 26.1%
2006 10.7% 20.1% 33.6% 23.7%
2007 13.6% 17.6% 35.6% 23.9%
2008 14.6% 15.7% 41.6% 42.5%
2009 19.8% 23.9% 46.9% 61.8%
2010 18.5% 22.9% 64.9% 86.1%
2011 16.3% 22.3% 46.8% 109.4%
2012 16.6% 19.9% 42.2% 118.7%
2013 16.6% 22.3% 39.8% 117.5%
2014 17% 29.5% 36.5% 101.3%
2015 13.8% 31.3% 28% 74%
2016 11.3% 40.3% 27.5% 72.6%
2017 11.2% 38.9% 25.3% 65.2%
2018 9.63% 33.4% 24.8% 61.5%
2019 10.6% 38.2% 23.9% 55.9%
2020 14% 41.1% 26.7% 57%
2021 13.1% 41.6% 23.6% 52.6%
2022 12.7% 32.2% 20.6% 43.1%
2023 17.4% 32.6% 22.7% 43.3%
2024 18.6% 33.8% 23.4% 41.1%
2025 18.3% 33.9% 23.9% 36.7%

Government deficit by year

In 2024, Chad's government deficit, the difference between spending and revenue, was -$405M, equivalent to -1.96% of GDP. This compares to Ireland's surplus of $25.3B, or 4.38% of GDP.

Over the past 30 years, Chad recorded a fiscal deficit in 22 of those years, while Ireland ran a deficit in 15 years. On average, Chad posted an annual deficit equal to -1.46% of GDP, compared to deficit of -2.32% of GDP for Ireland.

Deficit/surplus
Chad

Ireland
Year Deficit/surplus, % of GDP
Chad Ireland
1926 - -1.95%
1927 - -1.95%
1928 - -1.95%
1929 - -3.41%
1930 - -3.41%
1931 - -1.63%
1932 - -1.63%
1933 - 2.97%
1934 - 2.97%
1935 - 2.97%
1936 - -0.19%
1937 - -0.77%
1938 - -0.92%
1939 - -7.31%
1940 - -0.15%
1941 - -1.42%
1942 - -2.48%
1943 - -1.18%
1944 - 0.39%
1945 - -0.43%
1946 - -0.43%
1947 - -1.8%
1948 - -1.29%
1949 - -2.17%
1950 - -5.21%
1951 - -4.62%
1952 - -7.84%
1953 - -5.77%
1954 - -5.28%
1955 - -5.06%
1956 - -3.23%
1957 - -5.19%
1958 - -4.3%
1959 - -2.16%
1960 - -1.97%
1961 - -2.6%
1962 - -2.91%
1963 - -2.92%
1964 - -3.35%
1965 - -3.5%
1966 - -2.26%
1967 - -2.69%
1968 - -2.72%
1969 - -3.4%
1970 - -3.64%
1971 - -3.5%
1972 - -3.23%
1973 - -3.84%
1974 - -6.96%
1975 - -11.1%
1976 - -7.34%
1977 - -6.44%
1978 - -8.27%
1979 - -10%
1980 - -11.1%
1981 - -12.1%
1982 - -13.1%
1983 - -11.5%
1984 - -9.43%
1985 - -10.7%
1986 - -10.5%
1987 - -8.47%
1988 - -4.62%
1989 - -2.64%
1990 - -2.69%
1991 - -2.8%
1992 - -2.84%
1993 - -2.62%
1994 - -1.82%
1995 -3.12% -2.07%
1996 -2.86% -0.2%
1997 -2.58% 1.37%
1998 -1.73% 2.07%
1999 -4.07% 3.54%
2000 -4.68% 4.86%
2001 -3.53% 0.96%
2002 -4.08% -0.52%
2003 -4.32% 0.35%
2004 -1.84% 1.3%
2005 -0.05% 1.57%
2006 1.7% 2.78%
2007 2.02% 0.27%
2008 2.82% -7.03%
2009 -8.44% -13.9%
2010 -3.16% -32.1%
2011 1.75% -13.5%
2012 0.33% -8.4%
2013 -1.5% -6.27%
2014 -3.23% -3.51%
2015 -3.29% -1.97%
2016 -1.52% -0.76%
2017 -0.17% -0.3%
2018 1.37% 0.09%
2019 -0.11% 0.41%
2020 1.22% -4.88%
2021 -1.3% -1.4%
2022 3.83% 1.65%
2023 -1.28% 1.48%
2024 -1.96% 4.38%
2025 -0.54% 1.69%

Inflation comparison by year

Over the past 29 years, Chad has recorded an average annual inflation rate of 2.65%, compared with 2.16% in Ireland. In 2024, inflation was 4% in Chad and 2.11% in Ireland.

Inflation
Chad

Ireland
Year Inflation
Chad Ireland Chad Ireland
1996 11.3% 1.76%
1997 5.6% 1.54%
1998 4.3% 2.41%
1999 -8.4% 1.63%
2000 3.8% 5.58%
2001 12.4% 4.85%
2002 5.2% 4.63%
2003 -1.8% 3.49%
2004 -4.8% 2.18%
2005 4.4% 2.46%
2006 9.6% 3.94%
2007 -7.4% 4.89%
2008 8.3% 4.04%
2009 10.1% -4.45%
2010 -2.1% -0.92%
2011 2% 2.55%
2012 7.5% 1.69%
2013 0.2% 0.52%
2014 -5.5% 0.19%
2015 4.8% -0.33%
2016 -1.6% 0.02%
2017 -0.9% 0.36%
2018 4% 0.47%
2019 -1% 0.94%
2020 4.5% -0.33%
2021 -0.8% 2.34%
2022 5.8% 7.83%
2023 2.3% 6.3%
2024 5.1% 2.11%
2025 4% -

Top exports between countries

Chad
Export category Export value
Machinery & equipment $227K
Chemicals & pharma $18K
Textiles & consumer goods $4K
Metals $1K
Miscellaneous $1K
Raw agricultural goods $1K
Ireland
Export category Export value
Processed food, beverages & tobacco $5.34M
Chemicals & pharma $2.11M
Machinery & equipment $605K
Animal & marine products $104K
Raw materials & minerals $30K
Raw agricultural goods $13K
Metals $10K
Wood & paper products $1K

Balance of trade

Chad Ireland
Current account balance
-$37.7M
1994
$44.7B
2023
Current account balance ranking
79/189
1994
14/189
2023
Current account balance, % of GDP
-3.2%
1994
+8.11%
2023
Goods imports
$212M
1994
$162B
2023
Goods exports
$135M
1994
$330B
2023
Service imports
$199M
1994
$419B
2023
Service exports
$54.8M
1994
$431B
2023
Imports of goods and services, % of GDP
17.2%
2024
105.4%
2024
Exports of goods and services, % of GDP
28.1%
2024
147.6%
2024

Economic freedom indices

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

Chad Ireland
Economic freedom 52.2 83.1
Economic freedom ranking 148/197 3/197
Property rights 27.4 94.1
Government integrity 14.1 84
Judicial effectiveness 14.5 95.5
Tax burden 78.5 77.6
Government spending 92.9 85.1
Fiscal health 97.9 95.8
Business freedom 28.7 88.1
Labor freedom 53.5 62.4
Monetary freedom 72 75
Trade freedom 47.2 79.6
Investment freedom 60 90
Financial freedom 40 70

Economic freedom by year comparison

The Economic Freedom Index for Chad is 52.2, ranking 148/197, compared to 83.1 for Ireland, ranking 3/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Chad
Ireland
Year Economic freedom index
Chad Ireland
1995 - 68.5
1996 - 68.5
1997 45.1 72.6
1998 46.6 73.7
1999 47.2 74.6
2000 46.8 76.1
2001 46.4 81.2
2002 49.2 80.5
2003 52.6 80.9
2004 53.1 80.3
2005 52.1 80.8
2006 50 82.2
2007 50.1 82.6
2008 47.8 82.5
2009 47.5 82.2
2010 47.5 81.3
2011 45.3 78.7
2012 44.8 76.9
2013 45.2 75.7
2014 44.5 76.2
2015 45.9 76.6
2016 46.3 77.3
2017 49 76.7
2018 49.3 80.4
2019 49.9 80.5
2020 50.2 80.9
2021 50.4 81.4
2022 49.8 82
2023 52 82
2024 51.4 82.6
2025 52.2 83.1

More economic indicators

Chad Ireland
Services, % of GDP
31.6%
2024
61.8%
2024
Industry, % of GDP
29.7%
2024
30.8%
2024
Agriculture, forestry, and fishing, % of GDP
32.2%
2024
1.05%
2024
GNI, Atlas method
$19.7B
2024
$419B
2024
GNI per capita, PPP
$2,930
2024
$99,470
2024
Total reserves including gold
$1.05B
2023
$12.7B
2024
Total reserves ranking
140/177
2023
73/177
2024
Net foreign direct investment
-$26.5M
1994
$12.9B
2023
Net inflows of foreign direct investment
$1.02B
2024
-$38.9B
2024
Net outflows of foreign direct investment
-$2.15M
1999
$24.9B
2024
Servicing debt to the IMF, % of GNI
2.2%
2023
n/a
Poverty at national poverty lines
44.8%
2022
14%
2021
Gross capital formation, % of GDP
17.8%
2024
17.4%
2024

GDP per capita map

GDP per capita

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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.