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Economy of Chad vs Netherlands compared: GDP & Debt

Updated on by Georank team

Chad has a GDP of $19.5B compared to $1.21T for the Netherlands, ranking 132/197 and 19/197 by economy size, respectively.

Chad has $6.37B in government debt (32.7% of GDP), compared to $532B (43.8% of GDP) in the Netherlands.

Chad vs Netherlands GDP by year

Chad
Netherlands
1x
Year GDP, current $
Chad Netherlands
2024 $19,518,819,751 $1,214,927,698,573
2023 $18,340,233,749 $1,135,475,867,551
2022 $17,828,508,290 $1,046,540,797,549
2021 $16,871,937,698 $1,054,472,123,450
2020 $14,932,897,821 $932,560,861,701
2019 $14,905,517,743 $928,903,005,576
2018 $15,327,000,249 $929,733,599,797
2017 $13,349,041,409 $848,233,537,846
2016 $13,026,289,836 $797,163,949,290
2015 $14,559,599,500 $775,743,675,303
2014 $18,144,336,904 $901,556,501,756
2013 $17,865,316,886 $883,951,539,007
2012 $17,892,228,570 $845,689,017,066
2011 $16,685,349,674 $913,140,741,333
2010 $14,058,506,664 $852,464,982,433
2009 $12,317,614,054 $878,954,223,140
2008 $13,385,593,990 $957,901,566,041
2007 $10,865,385,132 $853,499,460,873
2006 $9,709,626,596 $737,593,995,289
2005 $8,655,892,393 $688,133,699,636
2004 $4,422,855,661 $661,224,886,143
2003 $2,742,815,072 $582,435,617,082
2002 $1,997,005,709 $475,529,972,123
2001 $1,710,843,377 $432,536,219,669
2000 $1,388,506,772 $417,649,282,154
1999 $1,534,673,583 $447,778,514,140
1998 $1,744,794,531 $438,612,530,549
1997 $1,544,689,577 $417,506,211,882
1996 $1,607,345,356 $451,372,549,020
1995 $1,445,919,895 $452,967,334,614
1994 $1,179,837,963 $379,688,232,232
1993 $1,463,251,164 $354,070,495,966
1992 $1,881,847,670 $363,497,050,125
1991 $1,877,137,982 $327,982,316,124
1990 $1,738,605,558 $318,799,003,994
1989 $1,433,686,312 $258,716,904,292
1988 $1,482,597,298 $262,295,966,105
1987 $1,163,426,852 $245,406,949,521
1986 $1,067,828,246 $201,157,708,221
1985 $1,033,069,709 $144,057,523,222
1984 $919,103,735 $144,124,462,912
1983 $832,415,806 $153,671,294,109
1982 $834,369,860 $158,712,765,536
1981 $876,937,558 $164,375,775,854
1980 $1,033,002,404 $195,439,301,707
1979 $1,004,316,496 $179,933,827,310
1978 $1,113,920,124 $156,089,077,205
1977 $935,360,465 $127,203,923,857
1976 $866,044,962 $109,329,386,564
1975 $864,602,105 $100,397,061,694
1974 $652,532,795 $87,371,810,804
1973 $647,199,483 $71,946,639,603
1972 $585,427,547 $54,787,070,173
1971 $501,866,730 $44,644,730,576
1970 $469,266,737 $38,220,884,519
1969 $471,635,622 $34,086,038,090
1968 $453,980,096 $30,097,635,751
1967 $449,826,323 $27,143,828,099
1966 $432,794,922 $24,741,480,717
1965 $416,926,303 $22,721,869,808
1964 $392,247,518 $20,232,048,553
1963 $371,767,002 $17,193,744,109
1962 $357,635,713 $15,847,582,341
1961 $333,975,336 $14,599,836,396
1960 $313,582,728 $13,282,979,015

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

GeoRank.org/economy/chad/netherlands | CC BY

GDP per capita in Chad vs Netherlands by year

Chad
GDP per capita

GDP per capita, PPP
Netherlands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Chad Netherlands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $962 $2,743 $67,520 $86,174
2023 $949 $2,700 $63,516 $81,729
2022 $966 $2,624 $59,123 $78,630
2021 $946 $2,435 $60,142 $68,574
2020 $867 $2,186 $53,468 $62,597
2019 $893 $2,352 $53,555 $62,345
2018 $949 $2,228 $53,955 $58,819
2017 $854 $2,097 $49,514 $56,038
2016 $862 $2,120 $46,809 $53,162
2015 $994 $2,378 $45,794 $50,957
2014 $1,279 $2,133 $53,457 $49,751
2013 $1,305 $2,110 $52,602 $49,622
2012 $1,354 $2,435 $50,474 $47,653
2011 $1,308 $2,388 $54,702 $47,004
2010 $1,142 $2,320 $51,306 $45,301
2009 $1,036 $2,087 $53,172 $44,959
2008 $1,166 $2,181 $58,247 $46,714
2007 $980 $2,149 $52,101 $44,203
2006 $907 $2,079 $45,124 $41,208
2005 $838 $2,102 $42,165 $37,778
2004 $446 $1,808 $40,611 $35,961
2003 $289.1 $1,378 $35,897 $34,286
2002 $219.1 $1,226 $29,447 $34,568
2001 $194.3 $1,152 $26,956 $33,259
2000 $163.1 $1,044 $26,225 $31,895
1999 $186.6 $1,066 $28,319 $29,316
1998 $219.8 $1,096 $27,924 $27,749
1997 $201.4 $1,049 $26,745 $26,062
1996 $216.9 $1,010 $29,064 $24,564
1995 $204 $1,014 $29,301 $23,480
1994 $173.9 $1,026 $24,683 $22,414
1993 $220.7 $933 $23,156 $21,443
1992 $290.6 $1,107 $23,939 $20,831
1991 $302 $1,046 $21,764 $20,177
1990 $290.6 $967 $21,322 $19,203
1989 $246.4 - $17,423 -
1988 $263.5 - $17,771 -
1987 $213.9 - $16,734 -
1986 $203.4 - $13,804 -
1985 $202.7 - $9,941 -
1984 $182.2 - $9,992 -
1983 $167.2 - $10,696 -
1982 $176.1 - $11,089 -
1981 $194 - $11,537 -
1980 $228.8 - $13,812 -
1979 $222.9 - $12,817 -
1978 $252.5 - $11,196 -
1977 $215.9 - $9,180 -
1976 $203.7 - $7,937 -
1975 $207.5 - $7,346 -
1974 $160 - $6,450 -
1973 $162.4 - $5,353 -
1972 $150.4 - $4,110 -
1971 $131.8 - $3,384 -
1970 $125.9 - $2,931 -
1969 $129.2 - $2,647 -
1968 $126.9 - $2,364 -
1967 $128.2 - $2,155 -
1966 $125.8 - $1,986 -
1965 $123.6 - $1,848 -
1964 $118.6 - $1,668 -
1963 $114.7 - $1,437 -
1962 $112.6 - $1,342 -
1961 $107.3 - $1,254 -
1960 $102.8 - $1,156 -

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

GeoRank.org/economy/chad/netherlands | CC BY

Chad's GDP per capita is $962, ranking 182/197, compared to $67,520 in the Netherlands, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Chad ranks 182nd at $2,743, while the Netherlands ranks 11th at $86,174.

Economic indicators

Chad Netherlands
Gross domestic product
$19.5B
2024
$1.21T
2024
GDP rank
132/197
2024
19/197
2024
GDP growth
4.2%
2023-2024
1.08%
2023-2024
GDP per capita
$962
2024
$67,520
2024
GDP per capita rank
182/197
2024
13/197
2024
GDP per capita, PPP
$2,743
2024
$86,174
2024
GDP per capita PPP rank
182/197
2024
11/197
2024
Government debt
$6.37B
2024
$532B
2024
Debt-to-GDP ratio
32.7%
2024
43.8%
2024
Government debt per person
$314
2024
$29,571
2024
Government debt per person rank
177/185
2024
24/185
2024
Average annual personal income after taxes
$1,276
2026
$47,815
2026
Market capitalization of domestic companies n/a
$1.1T
2017
Number of millionaires n/a
1,267,000
2025
Number of billionaires n/a
13
2025
Income share by richest 10%
29.5%
2022
21.4%
2021
Income share by poorest 10%
2.8%
2022
3.6%
2021
Government expenditure, % of GDP
18.8%
2024
44.4%
2024
Consumer prices inflation
5.1%
2023-2024
3.35%
2023-2024
Unemployment rate
1.14%
2018
3.64%
2024
Population
21893857
18252623

Spending and national debt comparison by year

Chad
Spending

Debt
Netherlands
Spending

Debt
1x
Year % of GDP
Chad Netherlands
Government spending Government debt Government spending Government debt
2024 18.8% 32.7% 44.4% 43.8%
2023 17.1% 32.2% 44% 45.9%
2022 12.6% 32.1% 43.3% 48.4%
2021 13% 41.6% 45.9% 50.5%
2020 14.1% 41.7% 47.8% 53.4%
2019 10.6% 38.4% 42.1% 47.7%
2018 9.73% 33.8% 42.4% 51.6%
2017 11.3% 39.2% 42.8% 56%
2016 11.2% 40.1% 43.9% 60.9%
2015 13.8% 31.3% 45.3% 63.8%
2014 16.9% 29.4% 46.7% 67.2%
2013 16.6% 22.3% 47.5% 67.2%
2012 16.6% 20% 47.6% 65.7%
2011 16.3% 22.3% 47.8% 61.2%
2010 18.5% 22.9% 48.9% 58.9%
2009 19.8% 23.9% 48.4% 56.3%
2008 14.6% 15.7% 44.3% 54.4%
2007 13.6% 17.6% 43.3% 42.7%
2006 10.7% 20.1% 44% 45%
2005 8.87% 22% 43.4% 49.6%
2004 9.84% 25.2% 44.7% 50.1%
2003 14.9% 34.4% 45.8% 49.8%
2002 13.8% 42% 44.8% 48.7%
2001 12% 43.5% 44.1% 49.4%
2000 14% 52.4% 43.2% 52.2%
1999 12.9% 44.7% 44.3% 58.6%
1998 10.1% 34.7% 44.6% 62.7%
1997 12% 41.3% 45.7% 65.7%
1996 12% 40.5% 47.3% 71.2%
1995 12.3% 41.1% 53.9% 73%
1994 - - 49.4% 73.5%
1993 - - 50.9% 76.7%
1992 - - 50.2% 75.6%
1991 - - 49.6% 74.8%
1990 - - 48.8% 75%
1989 - - 54.5% 73.7%
1988 - - 56.4% 73.7%
1987 - - 58.5% 71.3%
1986 - - 57% 68.9%
1985 - - 57.3% 67.1%
1984 - - 58.1% 61.9%
1983 - - 59.1% 58.4%
1982 - - 59.1% 52.4%
1981 - - 56.8% 46.9%
1980 - - 55.2% 43.6%
1979 - - 53.7% 39.5%
1978 - - 52.3% 38.1%
1977 - - 50.6% 34.9%
1976 - - 50.8% 35.2%
1975 - - 50.8% 36.1%
1974 - - 46.4% 36.3%
1973 - - 44.6% 38.1%
1972 - - 44.9% 41.3%
1971 - - 44.6% 43.7%
1970 - - 43.2% 46.1%
1969 - - 42.1% 48.2%
1968 - - 25.4% 54.4%
1967 - - 24.1% 55%
1966 - - 24.4% 55.6%
1965 - - 23.4% 55.8%
1964 - - 22.3% 57.1%
1963 - - 21.9% 61.7%
1962 - - 22.1% 63.8%
1961 - - 22.2% 65.9%
1960 - - 20.4% 66.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

GeoRank.org/economy/chad/netherlands | CC BY

In 2024, Chad's government spending was $3.67B, accounting for 18.8% of its GDP, while the Netherlands spent $540B, or 44.4% of GDP.

Debt-to-GDP ratio is 32.7% in Chad and 43.8% in the Netherlands, ranking 151/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Chad

Netherlands
1x
Year Deficit/surplus, % of GDP
Chad Netherlands
2024 -2.11% -0.94%
2023 -1.26% -0.37%
2022 3.79% 0.002%
2021 -1.29% -2.26%
2020 1.24% -3.72%
2019 -0.11% 1.91%
2018 1.39% 1.49%
2017 -0.18% 1.35%
2016 -1.51% 0.23%
2015 -3.29% -1.84%
2014 -3.22% -2.17%
2013 -1.5% -2.87%
2012 0.33% -3.83%
2011 1.75% -4.42%
2010 -3.16% -5.3%
2009 -8.44% -5.06%
2008 2.82% -0.06%
2007 2.02% -0.16%
2006 1.7% 0.04%
2005 -0.05% -0.51%
2004 -1.84% -1.82%
2003 -4.32% -3.19%
2002 -4.08% -2.23%
2001 -3.53% -0.47%
2000 -4.68% 1.14%
1999 -4.07% 0.28%
1998 -1.73% -1.34%
1997 -2.58% -1.6%
1996 -2.86% -1.91%
1995 -3.12% -8.72%
1994 - -3.53%
1993 - -3.13%
1992 - -3.12%
1991 - -2.05%
1990 - -4.08%
1989 - -5%
1988 - -4.23%
1987 - -5.39%
1986 - -4.62%
1985 - -3.6%
1984 - -5.25%
1983 - -5.47%
1982 - -6.17%
1981 - -4.92%
1980 - -3.95%
1979 - -2.46%
1978 - -2.09%
1977 - -0.75%
1976 - -2.02%
1975 - -2.82%
1974 - -0.26%
1973 - 0.54%
1972 - -0.7%
1971 - -1.58%
1970 - -1.52%
1969 - -1.14%
1968 - -3.06%
1967 - -1.97%
1966 - -2.37%
1965 - -1.15%
1964 - -1.2%
1963 - -0.54%
1962 - -1.38%
1961 - -0.38%
1960 - 0.9%
1959 - -0.74%
1958 - -0.89%
1957 - 0.3%
1956 - -0.83%
1955 - -0.25%
1954 - 0.76%
1953 - -2.95%
1952 - 2.19%
1951 - 2.13%
1950 - 0.81%
1949 - 2.3%
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -3.19%
1938 - -0.37%
1937 - 0.02%
1936 - -0.41%
1935 - -0.69%
1934 - -0.92%
1933 - -2.55%
1932 - -1.97%
1931 - -1.66%
1930 - -0.55%
1929 - -1.16%
1928 - -0.62%
1927 - -0.33%
1926 - -0.78%
1925 - -2.04%
1924 - -3.37%
1923 - -2.62%
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.45%
1912 - -0.47%
1911 - -0.13%
1910 - -0.93%
1909 - -0.34%
1908 - -0.57%
1907 - 0.03%
1906 - 0.16%
1905 - 0.1%
1904 - -0.72%
1903 - 0.09%
1902 - -0.14%
1901 - 0.03%
1900 - 0.06%
1899 - -0.13%
1898 - -0.48%
1897 - -0.45%
1896 - 0.08%
1895 - -0.06%
1894 - 0.12%
1893 - -0.76%
1892 - -1.72%
1891 - -0.06%
1890 - -0.06%
1889 - 0.04%
1888 - -0.31%
1887 - -0.37%
1886 - -0.08%
1885 - -0.55%
1884 - 0%
1883 - -2.1%
1882 - -1.11%
1881 - -1.06%
1880 - 0.21%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/chad/netherlands | CC BY

In 2024, Chad's government deficit, the difference between spending and revenue, was $412M, equivalent to 2.11% of GDP. This compares to the Netherlands' deficit of $11.5B, or 0.94% of GDP.

Over the past 30 years, Chad recorded a fiscal deficit in 22 of those years, while the Netherlands ran a deficit in 22 years. On average, Chad posted an annual deficit equal to 1.46% of GDP, compared to deficit of 1.61% of GDP for the Netherlands.

Inflation comparison by year

Inflation
Chad

Netherlands
1x
Year Consumer prices inflation
Chad Netherlands
2024 5.1% 3.35%
2023 2.3% 3.84%
2022 5.8% 10%
2021 -0.8% 2.68%
2020 4.5% 1.27%
2019 -1% 2.63%
2018 4% 1.7%
2017 -0.9% 1.38%
2016 -1.6% 0.32%
2015 4.8% 0.6%
2014 -5.5% 0.98%
2013 0.2% 2.51%
2012 7.5% 2.46%
2011 2% 2.34%
2010 -2.1% 1.28%
2009 10.1% 1.19%
2008 8.3% 2.49%
2007 -7.4% 1.61%
2006 9.6% 1.1%
2005 4.4% 1.69%
2004 -4.8% 1.26%
2003 -1.8% 2.09%
2002 5.2% 3.29%
2001 12.4% 4.16%
2000 3.8% 2.36%
1999 -8.4% 2.16%
1998 4.3% 1.96%
1997 5.6% 2.11%

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/chad/netherlands | CC BY

Over the past 28 years, Chad has recorded an average annual inflation rate of 2.34%, compared with 2.31% in the Netherlands. In 2024, inflation was 5.1% in Chad and 3.35% in the Netherlands.

Top exports between countries

Chad
Export category Export value
Raw materials & minerals $488M
Chemicals & pharma $136K
Raw agricultural goods $112K
Machinery & equipment $5K
Textiles & consumer goods $3K
Netherlands
Export category Export value
Machinery & equipment $20.5M
Processed food, beverages & tobacco $7.33M
Chemicals & pharma $5.36M
Raw agricultural goods $4.04M
Animal & marine products $2.23M
Textiles & consumer goods $2.13M
Raw materials & minerals $1.48M
Metals $526K
Wood & paper products $101K
Miscellaneous $34K

Balance of trade

Chad Netherlands
Current account balance
-$37.7M
1994
$111B
2024
Current account balance ranking
82/190
1994
5/190
2024
Current account balance, % of GDP
-3.2%
1994
+9.13%
2024
Goods imports
$212M
1994
$606B
2024
Goods exports
$135M
1994
$693B
2024
Service imports
$199M
1994
$262B
2024
Service exports
$54.8M
1994
$308B
2024
Imports of goods and services, % of GDP
18.1%
2024
71.4%
2024
Exports of goods and services, % of GDP
29.8%
2024
82.4%
2024

Economic freedom indices

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

Chad Netherlands
Economic freedom 51.2 78.5
Economic freedom ranking 154/197 11/197
Property rights 17.2 96
Government integrity 15.2 86.8
Judicial effectiveness 15 96.1
Tax burden 77.9 54
Government spending 92.2 42.2
Fiscal health 97.9 95.9
Business freedom 27.4 85
Labor freedom 53.7 59.3
Monetary freedom 71.6 77
Trade freedom 46.4 79.4
Investment freedom 60 90
Financial freedom 40 80

Economic freedom comparison by year

Chad
Netherlands
1x
Year Economic freedom index
Chad Netherlands
2026 51.2 78.5
2025 52.2 78.2
2024 51.4 77.3
2023 52 78
2022 49.8 79.5
2021 50.4 76.8
2020 50.2 77
2019 49.9 76.8
2018 49.3 76.2
2017 49 75.8
2016 46.3 74.6
2015 45.9 73.7
2014 44.5 74.2
2013 45.2 73.5
2012 44.8 73.3
2011 45.3 74.7
2010 47.5 75
2009 47.5 77
2008 47.8 77.4
2007 50.1 75.5
2006 50 75.4
2005 52.1 72.9
2004 53.1 74.5
2003 52.6 74.6
2002 49.2 75.1
2001 46.4 73
2000 46.8 70.4
1999 47.2 70.2
1998 46.6 69.2
1997 45.1 70.4
1996 - 69.7

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

GeoRank.org/economy/chad/netherlands | CC BY

The Economic Freedom Index for Chad is 51.2, ranking 154/197, compared to 78.5 for the Netherlands, ranking 11/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Chad Netherlands
Services, % of GDP
29.8%
2024
70.5%
2024
Industry, % of GDP
28.7%
2024
17.5%
2024
Agriculture, forestry, and fishing, % of GDP
37.7%
2024
1.73%
2024
GNI, Atlas method
$19.1B
2024
$1.12T
2024
GNI per capita, PPP
$2,710
2024
$84,970
2024
Total reserves including gold
$1.05B
2023
$79.1B
2024
Total reserves ranking
140/177
2023
34/177
2024
Net foreign direct investment
-$26.5M
1994
$11.1B
2024
Net inflows of foreign direct investment
$1.02B
2024
-$17.1B
2024
Net outflows of foreign direct investment
$0
2024
-$5.93B
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
n/a
Poverty at national poverty lines
44.8%
2022
14.5%
2021
Gross capital formation, % of GDP
26.8%
2024
19.7%
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/chad/netherlands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1998, 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 (2023–2024, retrieved 2026-02-08)
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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.