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Economy of Colombia vs Tunisia compared: GDP & Debt

Updated on by Georank team

Colombia has a GDP of $419B compared to $51.3B for Tunisia, ranking 39/197 and 93/197 by economy size, respectively.

Colombia has $256B in government debt (61.2% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Colombia vs Tunisia GDP by year

Colombia
Tunisia
1x
Year GDP, current $
Colombia Tunisia
2024 $418,818,154,879 $51,332,285,657
2023 $366,291,836,138 $48,205,328,303
2022 $345,632,492,851 $44,929,920,093
2021 $318,524,633,225 $47,073,234,359
2020 $270,348,342,541 $42,491,780,918
2019 $323,031,701,193 $41,905,642,419
2018 $334,198,218,098 $42,686,504,460
2017 $311,866,875,157 $42,163,530,591
2016 $282,720,100,286 $44,360,072,680
2015 $293,492,370,193 $45,779,494,042
2014 $381,240,864,422 $50,271,812,921
2013 $382,093,697,078 $48,685,446,414
2012 $370,691,143,018 $47,311,401,813
2011 $334,966,134,805 $48,123,325,825
2010 $286,498,534,095 $46,206,091,938
2009 $232,468,663,110 $43,455,740,497
2008 $242,504,150,473 $44,859,439,902
2007 $206,229,540,926 $38,915,353,867
2006 $161,792,958,905 $34,376,664,601
2005 $145,600,529,606 $32,272,186,695
2004 $117,092,416,666 $31,183,885,241
2003 $94,644,969,157 $27,453,902,261
2002 $97,945,812,803 $23,141,616,605
2001 $98,200,641,203 $22,065,832,449
2000 $99,875,074,951 $21,473,528,161
1999 $86,186,158,685 $22,943,202,175
1998 $98,443,739,941 $21,802,893,587
1997 $106,659,508,271 $20,746,210,354
1996 $97,160,109,278 $19,587,161,807
1995 $92,507,279,383 $18,030,876,599
1994 $81,703,500,846 $15,633,174,304
1993 $66,446,804,803 $14,608,335,608
1992 $58,418,985,443 $15,496,708,060
1991 $49,175,565,911 $13,074,782,609
1990 $47,844,090,710 $12,290,568,182
1989 $39,540,080,200 $10,101,851,745
1988 $39,212,550,050 $10,096,245,762
1987 $36,373,307,085 $9,696,715,911
1986 $34,942,489,684 $9,017,806,654
1985 $34,894,411,352 $8,410,226,053
1984 $38,253,120,738 $8,254,541,195
1983 $38,729,822,782 $8,350,582,748
1982 $38,968,039,722 $8,133,580,052
1981 $36,388,366,869 $8,428,445,294
1980 $33,400,735,644 $8,744,134,354
1979 $27,940,411,250 $7,188,863,904
1978 $23,263,511,958 $5,968,460,080
1977 $19,470,960,619 $5,109,324,009
1976 $15,341,403,660 $4,508,191,942
1975 $13,098,633,902 $4,328,965,588
1974 $12,370,029,584 $3,545,868,575
1973 $10,315,760,000 $2,730,813,385
1972 $8,671,358,733 $2,237,556,149
1971 $7,820,380,971 $1,685,162,272
1970 $7,198,360,460 $1,439,238,095
1969 $6,450,175,214 $1,289,904,762
1968 $5,960,212,869 $1,214,666,667
1967 $5,825,170,438 $1,085,714,286
1966 $5,428,518,519 $1,040,952,381
1965 $5,760,761,905 $991,047,619
1964 $5,973,366,667 $1,025,866,792
1963 $4,836,166,667 $1,026,737,600
1962 $4,955,543,963 $880,027,733
1961 $4,540,447,761 $866,155,429
1960 $4,031,152,977 -

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

GeoRank.org/economy/colombia/tunisia | CC BY

GDP per capita in Colombia vs Tunisia by year

Colombia
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Colombia Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,919 $22,349 $4,181 $14,521
2023 $7,001 $21,246 $3,951 $14,041
2022 $6,680 $20,854 $3,707 $13,619
2021 $6,223 $17,383 $3,907 $12,444
2020 $5,340 $15,519 $3,549 $11,918
2019 $6,473 $16,182 $3,529 $12,495
2018 $6,817 $15,239 $3,628 $11,841
2017 $6,480 $14,401 $3,619 $11,289
2016 $5,960 $14,027 $3,848 $10,994
2015 $6,249 $13,332 $4,015 $10,783
2014 $8,187 $13,355 $4,459 $10,947
2013 $8,279 $12,780 $4,370 $10,672
2012 $8,109 $12,093 $4,297 $10,615
2011 $7,401 $11,707 $4,421 $10,436
2010 $6,398 $10,841 $4,292 $10,555
2009 $5,251 $10,367 $4,080 $10,237
2008 $5,542 $10,307 $4,255 $9,975
2007 $4,770 $9,909 $3,727 $9,479
2006 $3,790 $9,154 $3,323 $8,729
2005 $3,456 $8,432 $3,147 $8,117
2004 $2,819 $7,909 $3,067 $7,672
2003 $2,312 $7,420 $2,726 $7,098
2002 $2,429 $7,109 $2,321 $6,715
2001 $2,473 $6,935 $2,236 $6,593
2000 $2,555 $6,776 $2,199 $6,279
1999 $2,241 $6,544 $2,376 $5,930
1998 $2,605 $6,854 $2,285 $5,579
1997 $2,873 $6,861 $2,202 $5,333
1996 $2,665 $6,639 $2,107 $5,040
1995 $2,584 $6,506 $1,968 $4,686
1994 $2,326 $6,174 $1,733 $4,555
1993 $1,929 $5,826 $1,649 $4,401
1992 $1,730 $5,509 $1,785 $4,292
1991 $1,486 $5,281 $1,538 $3,975
1990 $1,475 $5,109 $1,476 $3,780
1989 $1,244 - $1,239 -
1988 $1,260 - $1,266 -
1987 $1,193 - $1,245 -
1986 $1,169 - $1,187 -
1985 $1,192 - $1,135 -
1984 $1,336 - $1,143 -
1983 $1,384 - $1,184 -
1982 $1,425 - $1,177 -
1981 $1,362 - $1,247 -
1980 $1,280 - $1,324 -
1979 $1,095 - $1,113 -
1978 $932 - $946 -
1977 $798 - $830 -
1976 $643 - $752 -
1975 $561 - $741 -
1974 $542 - $624 -
1973 $462 - $493 -
1972 $397 - $415 -
1971 $367 - $320 -
1970 $346 - $280.5 -
1969 $318 - $257.7 -
1968 $302 - $248.9 -
1967 $303 - $228 -
1966 $290.3 - $223.8 -
1965 $317 - $217.3 -
1964 $339 - $228.5 -
1963 $282.6 - $231.9 -
1962 $298.5 - $201.4 -
1961 $282.1 - $200.7 -
1960 $258.3 - - -

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

GeoRank.org/economy/colombia/tunisia | CC BY

Colombia's GDP per capita is $7,919, ranking 94/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Colombia ranks 87th at $22,349, while Tunisia ranks 114th at $14,521.

Economic indicators

Colombia Tunisia
Gross domestic product
$419B
2024
$51.3B
2024
GDP rank
39/197
2024
93/197
2024
GDP growth
1.6%
2023-2024
1.61%
2023-2024
GDP per capita
$7,919
2024
$4,181
2024
GDP per capita rank
94/197
2024
129/197
2024
GDP per capita, PPP
$22,349
2024
$14,521
2024
GDP per capita PPP rank
87/197
2024
114/197
2024
Government debt
$256B
2024
$42.8B
2024
Debt-to-GDP ratio
61.2%
2024
83.4%
2024
Government debt per person
$4,849
2024
$3,487
2024
Government debt per person rank
82/185
2024
94/185
2024
Average annual personal income after taxes
$5,722
2026
$3,951
2026
Market capitalization of domestic companies
$72.6B
2024
$8.3B
2024
Number of billionaires
4
2025
n/a
Income share by richest 10%
42.7%
2023
27%
2021
Income share by poorest 10%
1.1%
2023
3.1%
2021
Government expenditure, % of GDP
34.6%
2024
33.8%
2024
Consumer prices inflation
6.61%
2023-2024
7%
2023-2024
Central bank interest rate
9.25%
2025
7.5%
2025
Unemployment rate
9.62%
2024
15.1%
2023
Population
54105437
12437803

Spending and national debt comparison by year

Colombia
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Colombia Tunisia
Government spending Government debt Government spending Government debt
2024 34.6% 61.2% 33.8% 83.4%
2023 35.1% 55.5% 35.7% 84%
2022 34.1% 61.3% 36.5% 83%
2021 34.5% 64.4% 33.2% 79.7%
2020 33.7% 65.3% 34.5% 77.7%
2019 32.9% 51% 29.5% 67.3%
2018 34.7% 51.8% 28.7% 72.9%
2017 29.3% 49.4% 28.7% 67.1%
2016 30% 49.9% 27.2% 58.9%
2015 31.3% 50.4% 27.4% 52.4%
2014 31.3% 43.3% 27.7% 50.7%
2013 30% 37.6% 30.8% 45.6%
2012 29.1% 34% 28.3% 49%
2011 30.2% 35.8% 27.9% 43.3%
2010 30.4% 36.5% 24% 38.8%
2009 30.9% 35.4% 24.6% 40.3%
2008 28.4% 32.4% 23.7% 41.4%
2007 28.2% 32.7% 23.3% 42.7%
2006 28.4% 36% 22.9% 45.7%
2005 25.9% 38.5% 23% 50%
2004 26.6% 41.5% 23% 51.6%
2003 28% 45% 23.5% 52.6%
2002 28.1% 47.5% 24.1% 51.6%
2001 27.5% 41.1% 24% 52.2%
2000 26.6% 38% 24% 62.9%
1999 28.2% 34% 24% 61.9%
1998 26.3% 27.4% 24.2% 58.2%
1997 26.2% 25.3% 24.5% 66.6%
1996 25.1% 23.3% 26.7% 66.8%
1995 22.2% 13.8% 26.6% 65.6%
1994 20.6% 12.5% 25.9% 63.9%
1993 20% 14.2% 26.7% 63.8%
1992 18.4% 16.1% 25.7% 62.1%
1991 17.7% 14.5% 27.6% 63.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/colombia/tunisia | CC BY

In 2024, Colombia's government spending was $145B, accounting for 34.6% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 61.2% in Colombia and 83.4% in Tunisia, ranking 75/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Colombia

Tunisia
1x
Year Deficit/surplus, % of GDP
Colombia Tunisia
2024 -6.25% -5.92%
2023 -2.92% -7.03%
2022 -6.34% -6.91%
2021 -7.26% -7.6%
2020 -7.12% -9.06%
2019 -3.48% -3.6%
2018 -4.67% -4.27%
2017 -2.5% -5.61%
2016 -2.27% -5.87%
2015 -3.52% -4.95%
2014 -1.74% -3.11%
2013 -1.02% -7.05%
2012 0.15% -4.9%
2011 -1.99% -3.19%
2010 -3.3% -0.46%
2009 -2.67% -2.59%
2008 0.04% -0.62%
2007 -0.82% -2.47%
2006 -0.99% -2.33%
2005 -0.02% -2.59%
2004 -1.31% -2.1%
2003 -2.7% -2.64%
2002 -3.45% -2.55%
2001 -2.71% -2.87%
2000 -2.94% -3.22%
1999 -5.37% -3.05%
1998 -3.86% -2.84%
1997 -3.23% -3.7%
1996 -2.49% -5.18%
1995 -1% -4.53%
1994 -0.14% -2.87%
1993 -0.24% -3.22%
1992 -0.07% -3.45%
1991 0.35% -5.25%
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/colombia/tunisia | CC BY

In 2024, Colombia's government deficit, the difference between spending and revenue, was $26.2B, equivalent to 6.25% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Colombia recorded a fiscal deficit in 31 of those years, while Tunisia ran a deficit in 34 years. On average, Colombia posted an annual deficit equal to 2.58% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Colombia

Tunisia
1x
Year Consumer prices inflation
Colombia Tunisia
2024 6.61% 7%
2023 11.7% 9.3%
2022 10.2% 8.3%
2021 3.5% 5.7%
2020 2.53% 5.6%
2019 3.52% 6.7%
2018 3.24% 7.3%
2017 4.31% 5.3%
2016 7.51% 3.6%
2015 4.99% 4.4%
2014 2.9% 4.6%
2013 2.02% 5.3%
2012 3.17% 4.6%
2011 3.42% 3.2%
2010 2.27% 4.4%
2009 4.2% 3.5%
2008 7% 4.9%
2007 5.54% 3.4%
2006 4.29% 4.1%
2005 5.05% 2%
2004 5.9% 3.7%
2003 7.13% 2.7%
2002 6.35% 2.7%
2001 7.97% 1.9%
2000 9.23% 2.8%
1999 10.9% 2.8%
1998 18.7% 3.1%
1997 18.5% 3.6%

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/colombia/tunisia | CC BY

Over the past 28 years, Colombia has recorded an average annual inflation rate of 6.52%, compared with 4.52% in Tunisia. In 2024, inflation was 6.61% in Colombia and 7% in Tunisia.

Top exports between countries

Colombia
Export category Export value
Processed food, beverages & tobacco $1.05M
Raw agricultural goods $401K
Chemicals & pharma $124K
Textiles & consumer goods $72K
Raw materials & minerals $31K
Machinery & equipment $4K
Animal & marine products $2K
Tunisia
Export category Export value
Raw materials & minerals $509K
Textiles & consumer goods $494K
Machinery & equipment $377K
Chemicals & pharma $154K
Processed food, beverages & tobacco $94K
Raw agricultural goods $17K
Metals $1K
Wood & paper products $1K

Balance of trade

Colombia Tunisia
Current account balance
-$6.88B
2024
-$775M
2024
Current account balance ranking
172/190
2024
117/190
2024
Current account balance, % of GDP
-1.64%
2024
-1.51%
2024
Goods imports
$60.2B
2024
$18.7B
2024
Goods exports
$51.1B
2024
$8.95B
2024
Service imports
$18.5B
2024
$3.92B
2024
Service exports
$18.1B
2024
$11.2B
2024
Imports of goods and services, % of GDP
20.9%
2024
56.3%
2024
Exports of goods and services, % of GDP
16.1%
2024
50%
2024

Economic freedom indices

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

Colombia Tunisia
Economic freedom 59.8 48.1
Economic freedom ranking 101/197 172/197
Property rights 43.1 55.7
Government integrity 41.6 42.1
Judicial effectiveness 57.4 39.7
Tax burden 68.6 68.5
Government spending 64 62.5
Fiscal health 49.8 16
Business freedom 71.2 59.4
Labor freedom 59.1 55.8
Monetary freedom 71.9 72.4
Trade freedom 71.4 54.6
Investment freedom 60 20
Financial freedom 60 30

Economic freedom comparison by year

Colombia
Tunisia
1x
Year Economic freedom index
Colombia Tunisia
2026 59.8 48.1
2025 59.8 49.1
2024 59.2 48.8
2023 63.1 52.9
2022 65.1 54.2
2021 68.1 56.6
2020 69.2 55.8
2019 67.3 55.4
2018 68.9 58.9
2017 69.7 55.7
2016 70.8 57.6
2015 71.7 57.7
2014 70.7 57.3
2013 69.6 57
2012 68 58.6
2011 68 58.5
2010 65.5 58.9
2009 62.3 58
2008 62.2 60.1
2007 59.9 60.3
2006 60.4 57.5
2005 59.6 55.4
2004 61.2 58.4
2003 64.2 58.1
2002 64.2 60.2
2001 65.6 60.8
2000 63.3 61.3
1999 65.3 61.1
1998 65.5 63.9
1997 66.4 63.8
1996 64.3 63.9
1995 64.5 63.4

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

GeoRank.org/economy/colombia/tunisia | CC BY

The Economic Freedom Index for Colombia is 59.8, ranking 101/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Colombia Tunisia
Services, % of GDP
58.1%
2024
62.6%
2024
Industry, % of GDP
23.1%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
9.28%
2024
9.74%
2024
GNI, Atlas method
$372B
2024
$47.7B
2024
GNI per capita, PPP
$21,890
2024
$14,230
2024
Total reserves including gold
$61.9B
2024
$9.34B
2024
Total reserves ranking
38/177
2024
80/177
2024
Net foreign direct investment
-$9.17B
2024
-$725M
2024
Net inflows of foreign direct investment
$13.7B
2024
$760M
2024
Net outflows of foreign direct investment
$4.51B
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
8.25%
2024
10.9%
2024
Poverty at national poverty lines
31.8%
2024
16.6%
2021
Gross capital formation, % of GDP
16.8%
2024
7.86%
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/colombia/tunisia | 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 (1905–1995, 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.