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Economy of Colombia vs Ivory Coast compared: GDP & Debt

Updated on by Georank

Colombia has a GDP of $457B compared to $99.8B for Ivory Coast, ranking 37/197 and 77/197 by economy size, respectively.

Colombia has $274B in government debt (59.9% of GDP), compared to $56.2B (56.3% of GDP) in Ivory Coast.

Colombia vs Ivory Coast GDP by year

Colombia
Ivory Coast
1x
Year GDP, current $
Colombia Ivory Coast
2025 $457,410,034,203 $99,773,555,666
2024 $420,504,033,143 $87,113,179,149
2023 $366,901,643,683 $80,780,312,569
2022 $345,632,492,851 $70,922,824,814
2021 $318,524,633,225 $72,794,636,654
2020 $270,348,342,541 $63,027,852,805
2019 $323,031,701,193 $60,382,894,697
2018 $334,198,218,098 $58,522,477,787
2017 $311,866,875,157 $52,512,343,997
2016 $282,720,100,286 $48,407,761,037
2015 $293,492,370,193 $45,815,005,169
2014 $381,240,864,422 $48,843,005,614
2013 $382,093,697,078 $42,760,235,485
2012 $370,691,143,018 $36,302,302,877
2011 $334,966,134,805 $36,693,710,801
2010 $286,498,534,095 $34,936,307,980
2009 $232,468,663,110 $33,886,813,250
2008 $242,504,150,473 $34,078,240,293
2007 $206,229,540,926 $28,760,090,953
2006 $161,792,958,905 $25,281,413,263
2005 $145,600,529,606 $24,036,918,703
2004 $117,092,416,666 $23,510,575,681
2003 $94,644,969,157 $21,251,754,340
2002 $97,945,812,803 $18,054,383,321
2001 $98,200,641,203 $16,810,537,044
2000 $99,875,074,951 $16,577,533,892
1999 $86,186,158,685 $18,870,992,456
1998 $98,443,739,941 $19,619,654,756
1997 $106,659,508,271 $18,047,558,038
1996 $97,160,109,278 $18,071,152,831
1995 $92,507,279,383 $11,000,146,267
1994 $81,703,500,846 $8,313,557,510
1993 $66,446,804,803 $11,045,760,288
1992 $58,418,985,443 $11,152,971,274
1991 $49,175,565,911 $10,492,628,581
1990 $47,844,090,710 $10,795,850,583
1989 $39,540,080,200 $9,757,410,645
1988 $39,212,550,050 $10,255,169,806
1987 $36,373,307,085 $10,087,654,465
1986 $34,942,489,684 $9,158,302,100
1985 $34,894,411,352 $6,977,650,644
1984 $38,253,120,738 $6,841,639,247
1983 $38,729,822,782 $6,838,184,773
1982 $38,968,039,722 $7,567,110,849
1981 $36,388,366,869 $8,432,589,942
1980 $33,400,735,644 $10,175,617,609
1979 $27,940,411,250 $9,142,933,967
1978 $23,263,511,958 $7,900,526,298
1977 $19,470,960,619 $6,265,068,189
1976 $15,341,403,660 $4,662,053,825
1975 $13,098,633,902 $3,893,839,190
1974 $12,370,029,584 $3,070,152,309
1973 $10,315,760,000 $2,508,421,426
1972 $8,671,358,733 $1,849,400,402
1971 $7,820,380,971 $1,584,128,509
1970 $7,198,360,460 $1,455,482,795
1969 $6,450,175,214 $1,361,360,293
1968 $5,960,212,869 $1,281,281,277
1967 $5,825,170,438 $1,082,922,725
1966 $5,428,518,519 $1,024,102,880
1965 $5,760,761,905 $919,771,229
1964 $5,973,366,667 $921,063,327
1963 $4,836,166,667 $761,047,198
1962 $4,955,543,963 $645,284,474
1961 $4,540,447,761 $618,245,634
1960 $4,031,152,977 $546,203,559

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/colombia/ivory-coast | CC BY

GDP per capita in Colombia vs Ivory Coast by year

Colombia
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,562 - $3,050 -
2024 $7,951 $22,349 $2,728 $7,669
2023 $7,012 $21,246 $2,592 $7,237
2022 $6,680 $20,854 $2,333 $6,719
2021 $6,223 $17,383 $2,456 $6,045
2020 $5,340 $15,519 $2,180 $5,544
2019 $6,473 $16,182 $2,142 $5,516
2018 $6,817 $15,239 $2,131 $4,946
2017 $6,480 $14,401 $1,964 $4,690
2016 $5,960 $14,027 $1,863 $4,531
2015 $6,249 $13,332 $1,815 $4,404
2014 $8,187 $13,355 $1,991 $4,074
2013 $8,279 $12,780 $1,786 $3,619
2012 $8,109 $12,093 $1,547 $3,291
2011 $7,401 $11,707 $1,597 $3,176
2010 $6,398 $10,841 $1,554 $3,361
2009 $5,251 $10,367 $1,540 $3,177
2008 $5,542 $10,307 $1,584 $3,116
2007 $4,770 $9,909 $1,368 $2,985
2006 $3,790 $9,154 $1,230 $2,942
2005 $3,456 $8,432 $1,198 $2,842
2004 $2,819 $7,909 $1,200 $2,794
2003 $2,312 $7,420 $1,111 $2,702
2002 $2,429 $7,109 $968 $2,851
2001 $2,473 $6,935 $925 $2,962
2000 $2,555 $6,776 $937 $3,041
1999 $2,241 $6,544 $1,096 $3,065
1998 $2,605 $6,854 $1,177 $3,086
1997 $2,873 $6,861 $1,125 $3,040
1996 $2,665 $6,639 $1,170 $2,832
1995 $2,584 $6,506 $740 $2,683
1994 $2,326 $6,174 $582 $2,551
1993 $1,929 $5,826 $804 $2,577
1992 $1,730 $5,509 $845 $2,625
1991 $1,486 $5,281 $827 $2,677
1990 $1,475 $5,109 $886 $2,693
1989 $1,244 - $833 -
1988 $1,260 - $910 -
1987 $1,193 - $930 -
1986 $1,169 - $877 -
1985 $1,192 - $695 -
1984 $1,336 - $709 -
1983 $1,384 - $737 -
1982 $1,425 - $849 -
1981 $1,362 - $986 -
1980 $1,280 - $1,238 -
1979 $1,095 - $1,157 -
1978 $932 - $1,039 -
1977 $798 - $856 -
1976 $643 - $661 -
1975 $561 - $575 -
1974 $542 - $474 -
1973 $462 - $406 -
1972 $397 - $313 -
1971 $367 - $280.3 -
1970 $346 - $269 -
1969 $318 - $262.2 -
1968 $302 - $256.8 -
1967 $303 - $225.6 -
1966 $290.3 - $221.8 -
1965 $317 - $207 -
1964 $339 - $215.5 -
1963 $282.6 - $185.1 -
1962 $298.5 - $163.1 -
1961 $282.1 - $162.3 -
1960 $258.3 - $148.7 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/colombia/ivory-coast | CC BY

Colombia's GDP per capita is $8,562, ranking 94/197, compared to $3,050 in Ivory Coast, ranking 145/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Colombia Ivory Coast
Gross domestic product
$457B
2025
$99.8B
2025
GDP rank
37/197
2025
77/197
2025
GDP growth
2.64%
2024-2025
6.5%
2024-2025
GDP per capita
$8,562
2025
$3,050
2025
GDP per capita rank
94/197
2025
145/197
2025
GDP per capita, PPP
$22,349
2024
$7,669
2024
GDP per capita PPP rank
87/197
2024
145/197
2024
Government debt
$274B
2025
$56.2B
2025
Debt-to-GDP ratio
59.9%
2025
56.3%
2025
Government debt per person
$5,126
2025
$1,718
2025
Government debt per person rank
85/185
2025
124/185
2025
Average annual personal income after taxes
$6,463
2026
$2,667
2026
Market capitalization of domestic companies
$133B
2025
$7.33B
2020
Number of billionaires
4
2026
n/a
Income share by richest 10%
42.7%
2024
27.8%
2021
Income share by poorest 10%
1%
2024
3.1%
2021
Government expenditure, % of GDP
33.2%
2025
20.2%
2025
Consumer prices inflation
5.14%
2024-2025
0.13%
2024-2025
Central bank interest rate
11.3%
2026
n/a
Unemployment rate
8.43%
2025
2.31%
2022
Population
54209462
33910252

Spending and national debt comparison by year

Colombia
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Colombia Ivory Coast
Government spending Government debt Government spending Government debt
2025 33.2% 59.9% 20.2% 56.3%
2024 34.4% 61% 20.4% 59.5%
2023 35.1% 55.4% 21% 56.7%
2022 34.1% 61.3% 21.9% 56%
2021 34.5% 64.4% 20.5% 50.2%
2020 33.7% 65.3% 20.4% 46.3%
2019 32.9% 51% 17.2% 37.2%
2018 34.7% 51.8% 17.6% 35.3%
2017 29.3% 49.4% 18.1% 32.6%
2016 30% 49.9% 17.6% 31.1%
2015 31.3% 50.4% 16.5% 29.2%
2014 31.3% 43.3% 15.2% 26.7%
2013 30% 37.6% 15.9% 24.6%
2012 29.1% 34% 16.1% 24.7%
2011 30.2% 35.8% 13.2% 50%
2010 30.4% 36.5% 14.5% 45.6%
2009 30.9% 35.4% 14.4% 46.5%
2008 28.4% 32.4% 14.6% 51.2%
2007 28.2% 32.7% 14.8% 53.5%
2006 28.4% 36% 14.5% 57.5%
2005 25.9% 38.5% 13.6% 58.2%
2004 26.6% 41.5% 13.5% 56.7%
2003 28% 45% 12.7% 56.4%
2002 28.1% 47.5% 13.1% 63%
2001 27.5% 41.1% 11.4% 71.2%
2000 26.6% 38% 12.9% 74%
1999 28.3% 34% 13.7% 78%
1998 26.3% 27.5% 14.6% 75.2%
1997 26.2% 25.3% 15.2% 84.2%
1996 25.1% 23.3% - -
1995 22.2% 13.8% - -
1994 20.6% 12.5% - -
1993 20% 14.2% - -
1992 18.4% 16.1% - -
1991 17.7% 14.5% - -
1990 17.4% 16.7% - -
1989 10.3% 17.3% - -
1988 10.3% 17.9% - -
1987 9.7% 18.9% - -
1986 9.8% 20.2% - -
1985 10.5% 19.3% - -
1984 10.3% 15.5% - -
1983 10.2% 10.8% - -
1982 10.6% 8.8% - -
1981 9.9% 8.5% - -
1980 9.6% 8% - -
1979 8.6% 7.7% - -
1978 8.1% 7.6% - -
1977 7.7% 9.2% - -
1976 8% 12.2% - -
1975 9.4% 14.6% - -
1974 8.8% 15.9% - -
1973 9.4% 16.3% - -
1972 10.3% 16.9% - -
1971 10.3% 16.2% - -
1970 10% 16.7% - -
1969 9.2% 17% - -
1968 8.9% 16.2% - -
1967 8.2% 15.8% - -
1966 8% 15.3% - -
1965 7% 15.2% - -
1964 8.1% 13.1% - -
1963 8.6% 13.9% - -
1962 7.8% 14.8% - -
1961 8.6% 8.7% - -
1960 6.7% 7.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

GeoRank.org/economy/colombia/ivory-coast | CC BY

In 2025, Colombia's government spending was $152B, accounting for 33.2% of its GDP, while Ivory Coast spent $20.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 59.9% in Colombia and 56.3% in Ivory Coast, ranking 78/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Colombia Ivory Coast
2025 -5.75% -3%
2024 -6.04% -3.96%
2023 -2.92% -5.12%
2022 -6.36% -6.74%
2021 -7.28% -4.88%
2020 -7.12% -5.42%
2019 -3.48% -2.22%
2018 -4.67% -2.9%
2017 -2.5% -3.27%
2016 -2.27% -2.98%
2015 -3.52% -2.04%
2014 -1.74% -1.57%
2013 -1.02% -1.62%
2012 0.15% -2.28%
2011 -1.99% -2.89%
2010 -3.3% -1.34%
2009 -2.67% -1%
2008 0.04% -0.21%
2007 -0.82% -0.39%
2006 -0.99% -1.03%
2005 -0.02% -1.03%
2004 -1.31% -1.04%
2003 -2.7% -1.26%
2002 -3.45% -0.64%
2001 -2.71% 0.7%
2000 -2.94% -0.83%
1999 -5.37% -1.27%
1998 -3.86% -0.7%
1997 -3.23% -0.75%
1996 -2.49% -
1995 -1% -
1994 -0.14% -
1993 -0.24% -
1992 -0.07% -
1991 0.35% -
1990 -0.41% -
1989 -1.4% -
1988 -1.3% -
1987 -0.4% -
1986 -1.4% -
1985 -2.4% -
1984 -3.3% -
1983 -3.1% -
1982 -3.6% -
1981 -2.8% -
1980 -2.2% -
1979 -0.7% -
1978 0.3% -
1977 0.5% -
1976 0.6% -
1975 -0.5% -
1974 -1.2% -
1973 -1.1% -
1972 -1.7% -
1971 -1% -
1970 -0.7% -
1969 -0.5% -
1968 0% -
1967 -0.2% -
1966 0.1% -
1965 -0.6% -
1964 -1.1% -
1963 -1.7% -
1962 -1.6% -
1961 -1.5% -
1960 1.2% -
1959 2% -
1958 1.7% -
1957 1.4% -
1956 -0.2% -
1955 0.7% -
1954 1.3% -
1953 1.3% -
1952 1.6% -
1951 2.1% -
1950 0.9% -
1949 0.5% -
1948 -0.1% -
1947 0.2% -
1946 -0.5% -
1945 0.1% -
1944 -0.2% -
1943 -0.7% -
1942 -1.5% -
1941 0% -
1940 -1.5% -
1939 0.8% -
1938 0.5% -
1937 1.4% -
1936 1.1% -
1935 1.3% -
1934 0.2% -
1933 -0.4% -
1932 -0.8% -
1931 -0.2% -
1930 0.3% -
1929 0.4% -
1928 -0.4% -
1927 -0.6% -
1926 0% -
1925 1% -
1924 0.5% -
1923 0.3% -
1922 -0.7% -
1921 -1.6% -
1920 0.4% -
1919 -0.8% -
1918 -2.1% -
1917 -0.5% -
1916 0.2% -
1915 -0.2% -
1914 -0.5% -
1913 0.5% -
1912 -0.3% -
1911 -0.1% -
1910 -0.3% -
1909 -3.3% -
1908 -2.7% -
1907 -2.7% -
1906 0.2% -
1905 -0.9% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1905–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/colombia/ivory-coast | CC BY

In 2025, Colombia's government deficit, the difference between spending and revenue, was $26.3B, equivalent to 5.75% of GDP. This compares to Ivory Coast's deficit of $3B, or 3% of GDP.

Over the past 29 years, Colombia recorded a fiscal deficit in 27 of those years, while Ivory Coast ran a deficit in 28 years. On average, Colombia posted an annual deficit equal to 3.1% of GDP, compared to deficit of 2.13% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Colombia

Ivory Coast
1x
Year Consumer prices inflation
Colombia Ivory Coast
2025 5.14% 0.13%
2024 6.61% 3.45%
2023 11.7% 4.37%
2022 10.2% 5.23%
2021 3.5% 4.16%
2020 2.53% 2.41%
2019 3.52% 0.79%
2018 3.24% 0.4%
2017 4.31% 0.69%
2016 7.51% 0.72%
2015 4.99% 1.25%
2014 2.9% 0.45%
2013 2.02% 2.58%
2012 3.17% 1.3%
2011 3.42% 4.91%
2010 2.27% 1.23%
2009 4.2% 1.02%
2008 7% 6.31%
2007 5.54% 1.89%
2006 4.29% 2.47%
2005 5.05% 3.89%
2004 5.9% 1.46%
2003 7.13% 3.3%
2002 6.35% 3.08%
2001 7.97% 4.36%
2000 9.23% 2.53%
1999 10.9% 0.7%
1998 18.7% 4.61%
1997 18.5% 4.02%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/colombia/ivory-coast | CC BY

Over the past 29 years, Colombia has recorded an average annual inflation rate of 6.47%, compared with 2.54% in Ivory Coast. In 2025, inflation was 5.14% in Colombia and 0.13% in Ivory Coast.

Top exports between countries

Colombia
Export category Export value
Raw materials & minerals $179M
Textiles & consumer goods $2.98M
Processed food, beverages & tobacco $2.95M
Machinery & equipment $2.34M
Chemicals & pharma $1.2M
Animal & marine products $383K
Metals $105K
Wood & paper products $19K
Raw agricultural goods $15K
Miscellaneous $6K
Ivory Coast
Export category Export value
Processed food, beverages & tobacco $1.15M
Raw agricultural goods $489K
Chemicals & pharma $332K
Textiles & consumer goods $2K

Balance of trade

Colombia Ivory Coast
Current account balance
-$10.9B
2025
-$3.89B
2024
Current account balance ranking
176/190
2025
156/190
2024
Current account balance, % of GDP
-2.38%
2025
-4.47%
2024
Goods imports
$66.3B
2025
$15.3B
2024
Goods exports
$51.5B
2025
$20.8B
2024
Service imports
$19.6B
2025
$6.63B
2024
Service exports
$19.6B
2025
$1.22B
2024
Imports of goods and services, % of GDP
20.4%
2025
24.8%
2025
Exports of goods and services, % of GDP
15%
2025
29.8%
2025

Economic freedom indices

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

Colombia Ivory Coast
Economic freedom 59.8 58.1
Economic freedom ranking 101/197 111/197
Property rights 43.1 43.9
Government integrity 41.6 39.3
Judicial effectiveness 57.4 30.2
Tax burden 68.6 81.6
Government spending 64 86.6
Fiscal health 49.8 48
Business freedom 71.2 68.3
Labor freedom 59.1 57.1
Monetary freedom 71.9 67.6
Trade freedom 71.4 74.4
Investment freedom 60 50
Financial freedom 60 50

Economic freedom comparison by year

Colombia
Ivory Coast
1x
Year Economic freedom index
Colombia Ivory Coast
2026 59.8 58.1
2025 59.8 57.8
2024 59.2 58.4
2023 63.1 60.4
2022 65.1 61.6
2021 68.1 61.7
2020 69.2 59.7
2019 67.3 62.4
2018 68.9 62
2017 69.7 63
2016 70.8 60
2015 71.7 58.5
2014 70.7 57.7
2013 69.6 54.1
2012 68 54.3
2011 68 55.4
2010 65.5 54.1
2009 62.3 55
2008 62.2 53.9
2007 59.9 54.9
2006 60.4 56.2
2005 59.6 56.6
2004 61.2 57.8
2003 64.2 56.7
2002 64.2 57.3
2001 65.6 54.8
2000 63.3 50.2
1999 65.3 51.7
1998 65.5 51.3
1997 66.4 50.5
1996 64.3 49.9
1995 64.5 53.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/colombia/ivory-coast | CC BY

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, compared to 58.1 for Ivory Coast, ranking 111/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Colombia Ivory Coast
Services, % of GDP
58.5%
2025
51.2%
2025
Industry, % of GDP
21.8%
2025
23.9%
2025
Agriculture, forestry, and fishing, % of GDP
9.95%
2025
16.8%
2025
GNI, Atlas method
$422B
2025
$91B
2025
GNI per capita, PPP
$22,250
2025
$7,750
2025
Total reserves including gold
$65.8B
2025
n/a
Total reserves ranking
41/177
2025
n/a
Net foreign direct investment
-$7.31B
2025
-$2.89B
2024
Net inflows of foreign direct investment
$13.7B
2024
$3.12B
2024
Net outflows of foreign direct investment
$4.51B
2024
$228M
2024
Servicing debt to the IMF, % of GNI
8.17%
2024
6.47%
2024
Poverty at national poverty lines
31.8%
2024
37.5%
2021
Gross capital formation, % of GDP
16.7%
2025
19.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/colombia/ivory-coast | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1905–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.