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Economy of Czech Republic vs Finland compared: GDP & Debt

Updated on by Georank

The Czech Republic has a GDP of $391B compared to $317B for Finland, ranking 42/197 and 48/197 by economy size, respectively.

The Czech Republic has $174B in government debt (44.6% of GDP), compared to $283B (89.3% of GDP) in Finland.

Czech Republic vs Finland GDP by year

Czech Republic
Finland
1x
Year GDP, current $
Czech Republic Finland
2025 $391,026,962,800 $317,039,368,820
2024 $347,082,562,221 $298,729,432,712
2023 $345,059,295,660 $295,191,741,637
2022 $301,831,228,326 $280,253,099,309
2021 $290,972,714,482 $294,223,210,496
2020 $251,109,660,603 $270,000,311,606
2019 $256,794,209,029 $267,014,821,129
2018 $251,992,360,762 $273,869,255,596
2017 $221,563,575,696 $253,846,138,440
2016 $198,160,659,304 $238,777,818,793
2015 $189,107,698,562 $233,210,733,506
2014 $210,911,285,078 $273,478,528,955
2013 $213,024,360,541 $270,268,036,626
2012 $210,363,223,088 $257,443,384,493
2011 $231,429,378,717 $275,126,915,516
2010 $211,168,667,286 $249,429,613,683
2009 $206,971,882,705 $253,480,783,439
2008 $236,506,264,754 $285,698,662,071
2007 $190,040,702,287 $256,360,251,538
2006 $156,236,258,387 $217,044,068,234
2005 $137,264,185,596 $204,859,368,791
2004 $120,147,899,984 $197,458,297,640
2003 $100,435,924,705 $171,612,867,736
2002 $82,607,869,610 $140,360,963,812
2001 $68,135,304,464 $129,519,672,869
2000 $62,175,642,238 $125,967,821,111
1999 $65,586,562,605 $135,234,241,918
1998 $67,187,217,328 $133,990,876,725
1997 $62,539,765,163 $126,862,902,302
1996 $67,804,105,330 $131,991,975,149
1995 $60,572,381,311 $134,060,457,516
1994 $48,188,478,339 $103,182,697,780
1993 $41,155,654,032 $89,112,105,756
1992 $35,051,065,440 $112,537,828,511
1991 $30,071,014,282 $127,794,441,994
1990 $41,016,881,802 $141,446,120,355
1989 - $118,991,270,611
1988 - $109,039,090,263
1987 - $91,564,993,913
1986 - $73,511,611,541
1985 - $55,856,676,899
1984 - $52,870,993,273
1983 - $50,956,447,481
1982 - $52,784,013,815
1981 - $52,440,066,134
1980 - $53,649,984,061
1979 - $44,469,218,440
1978 - $36,259,392,058
1977 - $33,502,784,418
1976 - $31,852,352,670
1975 - $29,475,251,333
1974 - $24,851,036,710
1973 - $19,474,098,335
1972 - $14,744,499,570
1971 - $12,528,522,307
1970 - $11,358,529,162
1969 - $10,177,524,839
1968 - $8,916,565,041
1967 - $9,468,272,357
1966 - $9,306,142,172
1965 - $8,680,393,839
1964 - $7,848,987,793
1963 - $6,958,916,548
1962 - $6,407,796,043
1961 - $5,984,433,774
1960 - $5,279,481,824

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

GeoRank.org/economy/czech-republic/finland | CC BY

GDP per capita in Czech Republic vs Finland by year

Czech Republic
GDP per capita

GDP per capita, PPP
Finland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Finland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,917 - $56,149 -
2024 $31,828 $57,285 $53,156 $65,378
2023 $31,762 $55,761 $52,865 $63,415
2022 $28,282 $52,947 $50,441 $62,133
2021 $27,696 $47,796 $53,099 $56,790
2020 $23,473 $44,839 $48,829 $53,297
2019 $24,063 $45,614 $48,358 $52,276
2018 $23,706 $41,638 $49,654 $49,249
2017 $20,913 $39,346 $46,085 $47,235
2016 $18,754 $36,445 $43,451 $44,562
2015 $17,932 $34,093 $42,560 $42,258
2014 $20,038 $32,743 $50,074 $41,547
2013 $20,260 $31,013 $49,691 $41,326
2012 $20,014 $29,466 $47,552 $40,739
2011 $22,049 $29,237 $51,060 $40,846
2010 $20,160 $28,154 $46,506 $38,946
2009 $19,817 $27,713 $47,478 $37,988
2008 $22,775 $27,938 $53,769 $40,081
2007 $18,453 $26,268 $48,473 $37,843
2006 $15,259 $23,914 $41,214 $34,440
2005 $13,442 $22,115 $39,050 $32,048
2004 $11,783 $20,988 $37,768 $31,195
2003 $9,852 $19,604 $32,920 $29,043
2002 $8,101 $18,344 $26,989 $28,596
2001 $6,669 $17,709 $24,965 $27,798
2000 $6,063 $16,332 $24,336 $26,783
1999 $6,378 $15,494 $26,180 $24,762
1998 $6,527 $15,064 $26,000 $23,570
1997 $6,069 $14,911 $24,682 $21,787
1996 $6,573 $14,781 $25,757 $20,067
1995 $5,865 $13,957 $26,246 $19,568
1994 $4,663 $12,862 $20,278 $18,458
1993 $3,984 $12,242 $17,589 $17,458
1992 $3,397 $11,963 $22,320 $17,271
1991 $2,917 $11,768 $25,489 $17,563
1990 $3,969 $12,848 $28,366 $18,149
1989 - - $23,969 -
1988 - - $22,044 -
1987 - - $18,565 -
1986 - - $14,947 -
1985 - - $11,394 -
1984 - - $10,830 -
1983 - - $10,494 -
1982 - - $10,935 -
1981 - - $10,925 -
1980 - - $11,225 -
1979 - - $9,333 -
1978 - - $7,629 -
1977 - - $7,070 -
1976 - - $6,740 -
1975 - - $6,256 -
1974 - - $5,298 -
1973 - - $4,174 -
1972 - - $3,178 -
1971 - - $2,716 -
1970 - - $2,466 -
1969 - - $2,201 -
1968 - - $1,927 -
1967 - - $2,056 -
1966 - - $2,032 -
1965 - - $1,902 -
1964 - - $1,726 -
1963 - - $1,538 -
1962 - - $1,427 -
1961 - - $1,341 -
1960 - - $1,192 -

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

GeoRank.org/economy/czech-republic/finland | CC BY

The Czech Republic's GDP per capita is $35,917, ranking 35/197, compared to $56,149 in Finland, ranking 22/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Finland ranks 27th at $65,378.

Economic indicators

Czech Republic Finland
Gross domestic product
$391B
2025
$317B
2025
GDP rank
42/197
2025
48/197
2025
GDP growth
2.58%
2024-2025
0.17%
2024-2025
GDP per capita
$35,917
2025
$56,149
2025
GDP per capita rank
35/197
2025
22/197
2025
GDP per capita, PPP
$57,285
2024
$65,378
2024
GDP per capita PPP rank
35/197
2024
27/197
2024
Government debt
$174B
2025
$283B
2025
Debt-to-GDP ratio
44.6%
2025
89.3%
2025
Government debt per person
$16,026
2025
$50,138
2025
Government debt per person rank
42/185
2025
11/185
2025
Average annual personal income after taxes
$22,312
2026
$36,402
2026
Market capitalization of domestic companies
$55.4B
2025
$20.3B
2004
Number of billionaires
11
2026
7
2026
Income share by richest 10%
21.5%
2023
22.5%
2023
Income share by poorest 10%
3.8%
2023
3.7%
2023
Government expenditure, % of GDP
43.5%
2025
57.6%
2025
Consumer prices inflation
2.46%
2024-2025
0.34%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.8%
2025
9.7%
2025
Population
10742283
5647947

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Finland
Spending

Debt
1x
Year % of GDP
Czech Republic Finland
Government spending Government debt Government spending Government debt
2025 43.5% 44.6% 57.6% 89.3%
2024 42.9% 43.3% 57.8% 82.4%
2023 43.7% 42.2% 56% 77%
2022 43% 42.5% 52.6% 74%
2021 45% 40.7% 55.2% 73.1%
2020 46.3% 36.9% 56.5% 75.3%
2019 40.4% 29.6% 52.6% 65.3%
2018 40.1% 31.7% 52.7% 65.3%
2017 38.5% 33.8% 52.8% 66.6%
2016 39.4% 36.2% 55.1% 68.6%
2015 41.7% 39.5% 55.7% 68.8%
2014 42.3% 41.5% 57.6% 64.8%
2013 42.4% 44.1% 57.1% 60.8%
2012 44.4% 43.8% 55.7% 57.9%
2011 42.8% 39.4% 53.8% 52%
2010 43.2% 36.7% 54% 50.1%
2009 44.5% 33.4% 54.1% 41.5%
2008 40.9% 28.2% 47.9% 32.6%
2007 40.5% 27.3% 46.7% 33.9%
2006 41.5% 27.6% 48.3% 38%
2005 42.3% 27.7% 49.2% 39.9%
2004 42.2% 28.3% 48.2% 42.6%
2003 49% 28.1% 48.3% 42.7%
2002 44.4% 25.7% 47.5% 40.1%
2001 43.1% 22.6% 46.2% 40.9%
2000 40.6% 16.9% 46.9% 42.4%
1999 40.9% 15.1% 49.9% 44%
1998 41.6% 13.9% 51.3% 46.8%
1997 41.3% 12.1% 54.9% 52.2%
1996 41.4% 11.5% 58.5% 55.4%
1995 52.8% 13.5% 60% 55.2%
1994 - - 62.2% 56.2%
1993 - - 63.7% 54.2%
1992 - - 60.8% 39.3%
1991 - - 55.8% 21.9%
1990 - - 47.1% 13.9%
1989 - - 44.4% 14.3%
1988 - - 46.4% 16.5%
1987 - - 47.8% 17.6%
1986 - - 46.9% 16.4%
1985 - - 46.3% 15.8%
1984 - - 44.4% 15.2%
1983 - - 44.4% 15.4%
1982 - - 42.7% 13.9%
1981 - - 41% 11.5%
1980 - - 40.1% 10.9%
1979 - - 40.3% 11%
1978 - - 41.3% 10.7%
1977 - - 41.7% 8.22%
1976 - - 39.8% 7.09%
1975 - - 38.6% 6.76%
1974 - - 22.9% 2.97%
1973 - - 21.8% 4.42%
1972 - - 20.4% 6.46%
1971 - - 22.8% 7.94%
1970 - - 21.9% 9.19%
1969 - - 22.2% 10.8%
1968 - - 25.5% 13.9%
1967 - - 23.5% 14.2%
1966 - - 23.3% 13.7%
1965 - - 23.2% 13%
1964 - - 22.8% 12.5%
1963 - - 21.6% 12.2%
1962 - - 23.9% 10.3%
1961 - - 22.7% 9.12%
1960 - - 22.5% 9.96%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/finland | CC BY

In 2025, the Czech Republic's government spending was $170B, accounting for 43.5% of its GDP, while Finland spent $183B, or 57.6% of GDP.

Debt-to-GDP ratio is 44.6% in the Czech Republic and 89.3% in Finland, ranking 119/185 and 31/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Finland
1x
Year Deficit/surplus, % of GDP
Czech Republic Finland
2025 -2.03% -3.88%
2024 -2.03% -4.4%
2023 -3.73% -2.89%
2022 -3.07% -0.18%
2021 -4.95% -2.69%
2020 -5.65% -5.53%
2019 0.28% -0.93%
2018 0.88% -0.87%
2017 1.46% -0.63%
2016 0.68% -1.7%
2015 -0.67% -2.43%
2014 -2.09% -2.99%
2013 -1.3% -2.52%
2012 -3.92% -2.15%
2011 -2.71% -1.01%
2010 -4.14% -2.57%
2009 -5.46% -2.48%
2008 -2% 4.18%
2007 -0.68% 5.12%
2006 -2.19% 3.93%
2005 -3.06% 2.59%
2004 -2.4% 2.16%
2003 -6.87% 2.34%
2002 -6.34% 3.97%
2001 -5.76% 4.89%
2000 -3.55% 6.73%
1999 -3.08% 1.6%
1998 -4.14% 1.54%
1997 -3.14% -1.33%
1996 -2.98% -3.37%
1995 -12.3% -5.98%
1994 - -6.41%
1993 - -8.09%
1992 - -4.88%
1991 - 0.3%
1990 - 6.63%
1989 - 6.73%
1988 - 5.09%
1987 - 1.63%
1986 - 3.83%
1985 - 3.33%
1984 - 3.23%
1983 - 1.52%
1982 - 3.06%
1981 - 5.11%
1980 - 3.7%
1979 - 3.41%
1978 - 3.83%
1977 - 6.27%
1976 - 7.65%
1975 - 4.96%
1974 - -0.03%
1973 - 1.48%
1972 - -0.18%
1971 - 0.15%
1970 - 1.06%
1969 - 0.94%
1968 - -1.69%
1967 - -0.26%
1966 - -1.08%
1965 - -1.67%
1964 - -1.35%
1963 - -2.5%
1962 - -2.37%
1961 - -3.03%
1960 - -0.52%
1959 - -0.12%
1958 - -1.73%
1957 - 0.08%
1956 - -1.14%
1955 - -1%
1954 - -0.17%
1953 - 0.02%
1952 - -1.24%
1951 - 1.1%
1950 - -0.26%
1949 - -2.77%
1948 - 1.88%
1947 - -5.99%
1946 - -15.3%
1945 - -6.35%
1944 - -21.5%
1943 - -14.2%
1942 - -16.4%
1941 - -35.8%
1940 - -36.9%
1939 - -9.76%
1938 - -1.48%
1937 - -4.44%
1936 - -3.75%
1935 - -3.81%
1934 - -2.81%
1933 - -1.63%
1932 - -2.61%
1931 - -2.32%
1930 - -1.94%
1929 - -0.78%
1928 - -2.07%
1927 - -0.32%
1926 - -2.9%
1925 - -2.92%
1924 - 0.04%
1923 - -2.3%
1922 - 0.62%
1921 - -2.59%
1920 - -2.6%
1919 - -7.49%
1918 - -11.4%
1917 - -1.27%
1916 - 1.48%
1915 - -0.29%
1914 - -1.15%
1913 - -0.25%
1912 - 0.33%
1911 - -0.14%
1910 - -0.3%
1909 - -2.64%
1908 - -1.92%
1907 - 0.24%
1906 - 0.86%
1905 - -1.28%
1904 - -1.63%
1903 - -0.3%
1902 - -1.74%
1901 - -2.13%
1900 - -0.52%
1899 - -1%
1898 - -4.55%
1897 - -0.37%
1896 - -0.56%
1895 - -1.21%
1894 - -0.62%
1893 - 0%
1892 - 0.82%
1891 - 0.16%
1890 - 0.17%
1889 - 0.18%
1888 - -0.59%
1887 - -1.46%
1886 - 0%
1885 - -1.2%
1884 - -0.2%
1883 - 0%
1882 - 0.2%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/finland | CC BY

In 2025, the Czech Republic's government deficit, the difference between spending and revenue, was $7.92B, equivalent to 2.03% of GDP. This compares to Finland's deficit of $12.3B, or 3.88% of GDP.

Over the past 31 years, the Czech Republic recorded a fiscal deficit in 27 of those years, while Finland ran a deficit in 20 years. On average, the Czech Republic posted an annual deficit equal to 3.13% of GDP, compared to deficit of 0.37% of GDP for Finland.

Inflation comparison by year

Inflation
Czech Republic

Finland
1x
Year Consumer prices inflation
Czech Republic Finland
2025 2.46% 0.34%
2024 2.44% 1.57%
2023 10.7% 6.25%
2022 15.1% 7.12%
2021 3.84% 2.19%
2020 3.16% 0.29%
2019 2.85% 1.02%
2018 2.15% 1.08%
2017 2.45% 0.75%
2016 0.68% 0.36%
2015 0.31% -0.21%
2014 0.34% 1.04%
2013 1.44% 1.48%
2012 3.29% 2.81%
2011 1.92% 3.42%
2010 1.47% 1.18%
2009 1.02% -0%
2008 6.36% 4.07%
2007 2.85% 2.51%
2006 2.53% 1.57%
2005 1.86% 0.62%
2004 2.76% 0.19%
2003 0.12% 0.88%
2002 1.9% 1.57%
2001 4.66% 2.58%
2000 3.78% 3.04%
1999 2.14% 1.16%
1998 10.7% 1.4%
1997 8.6% 1.19%

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

GeoRank.org/economy/czech-republic/finland | CC BY

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.58%, compared with 1.78% in Finland. In 2025, inflation was 2.46% in the Czech Republic and 0.34% in Finland.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $709M
Textiles & consumer goods $167M
IT & IP services $151M
Metals $150M
Transport & tourism services $91.4M
Chemicals & pharma $61.1M
Business & finance services $46.5M
Raw materials & minerals $36.4M
Processed food, beverages & tobacco $35.2M
Manufacturing & construction services $14.3M
Finland
Export category Export value
Machinery & equipment $357M
Metals $120M
Chemicals & pharma $80.8M
Wood & paper products $77.2M
IT & IP services $69.3M
Transport & tourism services $57.4M
Business & finance services $48.7M
Textiles & consumer goods $33.4M
Manufacturing & construction services $29.3M
Raw materials & minerals $26M

Balance of trade

Czech Republic Finland
Current account balance
$2.44B
2025
$4.23B
2025
Current account balance ranking
41/190
2025
33/190
2025
Current account balance, % of GDP
+0.62%
2025
+1.34%
2025
Goods imports
$197B
2025
$81.3B
2025
Goods exports
$215B
2025
$90.7B
2025
Service imports
$42.9B
2025
$48.9B
2025
Service exports
$47.5B
2025
$43.6B
2025
Imports of goods and services, % of GDP
61.1%
2025
41.1%
2025
Exports of goods and services, % of GDP
66.9%
2025
42.3%
2025

Economic freedom indices

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

Czech Republic Finland
Economic freedom 73.2 76.6
Economic freedom ranking 25/197 15/197
Property rights 89.8 99.9
Government integrity 64.7 95.4
Judicial effectiveness 92.1 96.4
Tax burden 78.8 68.4
Government spending 44.2 7.9
Fiscal health 82.5 76.3
Business freedom 76.8 85.3
Labor freedom 55.1 65.4
Monetary freedom 75 80.3
Trade freedom 79.4 79.4
Investment freedom 70 85
Financial freedom 70 80

Economic freedom comparison by year

Czech Republic
Finland
1x
Year Economic freedom index
Czech Republic Finland
2026 73.2 76.6
2025 72.9 77
2024 70.2 76.3
2023 71.9 77.1
2022 74.4 78.3
2021 73.8 76.1
2020 74.8 75.7
2019 73.7 74.9
2018 74.2 74.1
2017 73.3 74
2016 73.2 72.6
2015 72.5 73.4
2014 72.2 73.4
2013 70.9 74
2012 69.9 72.3
2011 70.4 74
2010 69.8 73.8
2009 69.4 74.5
2008 68.1 74.6
2007 67.4 74
2006 66.4 72.9
2005 64.6 71
2004 67 73.4
2003 67.5 73.7
2002 66.5 73.6
2001 70.2 69.7
2000 68.6 64.3
1999 69.7 63.9
1998 68.4 63.5
1997 68.8 65.2
1996 68.1 63.7
1995 67.8 -

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

GeoRank.org/economy/czech-republic/finland | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 76.6 for Finland, ranking 15/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Finland
Services, % of GDP
60.8%
2025
62.1%
2025
Industry, % of GDP
28.7%
2025
22.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.95%
2025
2.61%
2025
GNI, Atlas method
$359B
2025
$312B
2025
GNI per capita, PPP
$57,870
2025
$66,300
2025
Total reserves including gold
$176B
2025
$22.5B
2025
Total reserves ranking
21/177
2025
64/177
2025
Net foreign direct investment
-$1.88B
2025
$6.97B
2025
Net inflows of foreign direct investment
$13.5B
2024
$8.74B
2024
Net outflows of foreign direct investment
$12.9B
2024
$12.5B
2024
Poverty at national poverty lines
10.2%
2021
12.2%
2022
Gross capital formation, % of GDP
26.8%
2025
21.9%
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/czech-republic/finland | 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 (1882–1989, 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 (2024–2025, 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.

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.