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Economy of Denmark vs Fiji compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $5.97B for Fiji, ranking 37/197 and 161/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $4.54B (76.2% of GDP) in Fiji.

Denmark vs Fiji GDP by year

Denmark
Fiji
1x
Year GDP, current $
Denmark Fiji
2024 $424,524,722,037 $5,968,125,909
2023 $404,651,706,118 $5,476,673,518
2022 $400,114,306,337 $4,977,861,886
2021 $406,110,162,088 $4,158,873,156
2020 $355,631,021,932 $4,227,719,873
2019 $345,401,473,013 $5,344,907,153
2018 $355,293,374,912 $5,581,425,327
2017 $331,610,593,962 $5,353,469,174
2016 $312,181,849,372 $4,930,213,644
2015 $301,758,922,338 $4,682,479,894
2014 $352,832,602,064 $4,857,104,769
2013 $344,631,016,965 $4,189,967,999
2012 $326,792,574,245 $3,972,028,104
2011 $344,315,595,263 $3,779,411,899
2010 $322,345,594,075 $3,140,166,713
2009 $322,619,152,195 $2,870,624,636
2008 $354,979,471,960 $3,523,185,920
2007 $320,213,157,595 $3,378,314,600
2006 $283,386,151,544 $3,076,305,453
2005 $265,150,087,712 $2,980,403,845
2004 $251,986,155,631 $2,708,078,477
2003 $218,421,193,436 $2,300,492,465
2002 $178,788,209,558 $1,833,279,985
2001 $164,881,594,415 $1,652,462,023
2000 $164,043,817,224 $1,678,219,508
1999 $177,887,720,536 $1,936,459,986
1998 $176,877,077,513 $1,653,146,717
1997 $173,241,365,735 $2,090,221,137
1996 $187,481,157,846 $2,128,696,644
1995 $184,848,481,008 $1,970,301,486
1994 $156,017,919,221 $1,825,732,093
1993 $143,111,306,004 $1,636,101,247
1992 $152,966,494,260 $1,532,411,039
1991 $139,180,507,778 $1,383,883,250
1990 $138,217,740,684 $1,337,017,559
1989 $112,312,200,761 $1,182,660,266
1988 $115,540,189,705 $1,110,009,523
1987 $109,183,446,340 $1,177,947,965
1986 $87,748,695,217 $1,290,267,340
1985 $62,452,421,011 $1,141,168,944
1984 $58,868,891,335 $1,178,000,678
1983 $60,331,158,447 $1,123,085,190
1982 $60,084,214,872 $1,194,059,943
1981 $61,459,941,461 $1,235,626,771
1980 $70,811,287,816 $1,202,618,816
1979 $70,393,030,603 $1,019,691,460
1978 $60,320,089,218 $829,267,889
1977 $49,711,709,588 $719,501,766
1976 $44,503,607,444 $694,540,806
1975 $40,418,967,666 $684,282,434
1974 $34,125,712,481 $558,587,097
1973 $30,718,181,337 $425,950,488
1972 $23,230,667,549 $316,656,649
1971 $19,086,192,720 $247,749,328
1970 $17,075,457,733 $219,878,482
1969 $15,414,902,667 $182,182,068
1968 $13,505,574,133 $166,952,937
1967 $13,059,064,806 $162,625,886
1966 $11,931,740,293 $150,603,926
1965 $10,870,670,865 $147,084,750
1964 $9,677,401,337 $140,032,741
1963 $8,466,044,980 $129,454,729
1962 $7,953,274,741 $122,906,435
1961 $7,058,361,229 $116,987,785
1960 $6,361,166,545 $112,328,422

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

GeoRank.org/economy/denmark/fiji | CC BY

GDP per capita in Denmark vs Fiji by year

Denmark
GDP per capita

GDP per capita, PPP
Fiji
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Fiji
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 $6,426 $15,450
2023 $68,044 $77,892 $5,926 $14,644
2022 $67,781 $78,914 $5,414 $12,982
2021 $69,341 $69,715 $4,537 $10,322
2020 $60,985 $62,682 $4,621 $10,716
2019 $59,404 $60,595 $5,842 $12,978
2018 $61,325 $57,234 $6,085 $12,984
2017 $57,522 $55,272 $5,827 $12,585
2016 $54,501 $51,821 $5,364 $11,766
2015 $53,094 $48,897 $5,098 $11,519
2014 $62,520 $47,880 $5,293 $10,516
2013 $61,378 $46,869 $4,572 $8,842
2012 $58,444 $44,755 $4,341 $8,204
2011 $61,810 $44,444 $4,140 $7,672
2010 $58,105 $43,038 $3,449 $7,339
2009 $58,413 $40,524 $3,164 $7,068
2008 $64,617 $41,467 $3,900 $7,154
2007 $58,632 $39,110 $3,763 $6,990
2006 $52,119 $37,392 $3,455 $6,921
2005 $48,926 $34,238 $3,378 $6,652
2004 $46,625 $33,016 $3,097 $6,463
2003 $40,519 $30,864 $2,656 $6,033
2002 $33,257 $30,667 $2,137 $5,914
2001 $30,768 $29,459 $1,945 $5,699
2000 $30,722 $28,648 $1,996 $5,521
1999 $33,426 $26,642 $2,328 $5,552
1998 $33,346 $25,799 $2,010 $5,090
1997 $32,780 $24,887 $2,574 $5,031
1996 $35,622 $23,723 $2,648 $5,109
1995 $35,321 $22,677 $2,467 $4,818
1994 $29,968 $21,669 $2,297 $4,627
1993 $27,582 $20,217 $2,070 $4,334
1992 $29,579 $19,830 $1,951 $4,172
1991 $27,003 $19,067 $1,775 $3,873
1990 $26,886 $18,225 $1,729 $3,882
1989 $21,882 - $1,543 -
1988 $22,525 - $1,463 -
1987 $21,296 - $1,569 -
1986 $17,137 - $1,745 -
1985 $12,213 - $1,577 -
1984 $11,517 - $1,667 -
1983 $11,797 - $1,628 -
1982 $11,740 - $1,773 -
1981 $12,000 - $1,879 -
1980 $13,822 - $1,873 -
1979 $13,757 - $1,627 -
1978 $11,818 - $1,355 -
1977 $9,770 - $1,204 -
1976 $8,773 - $1,186 -
1975 $7,988 - $1,188 -
1974 $6,764 - $984 -
1973 $6,117 - $762 -
1972 $4,654 - $575 -
1971 $3,846 - $458 -
1970 $3,464 - $414 -
1969 $3,151 - $350 -
1968 $2,776 - $327 -
1967 $2,701 - $326 -
1966 $2,487 - $310 -
1965 $2,284 - $311 -
1964 $2,049 - $306 -
1963 $1,807 - $291.4 -
1962 $1,711 - $285.5 -
1961 $1,531 - $280.3 -
1960 $1,389 - $277.4 -

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

GeoRank.org/economy/denmark/fiji | CC BY

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $6,426 in Fiji, ranking 108/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Fiji ranks 113th at $15,450.

Economic indicators

Denmark Fiji
Gross domestic product
$425B
2024
$5.97B
2024
GDP rank
37/197
2024
161/197
2024
GDP growth
3.48%
2023-2024
3.53%
2023-2024
GDP per capita
$71,026
2024
$6,426
2024
GDP per capita rank
12/197
2024
108/197
2024
GDP per capita, PPP
$81,878
2024
$15,450
2024
GDP per capita PPP rank
14/197
2024
113/197
2024
Government debt
$134B
2024
$4.54B
2024
Debt-to-GDP ratio
31.5%
2024
76.2%
2024
Government debt per person
$22,340
2024
$4,893
2024
Government debt per person rank
30/185
2024
80/185
2024
Average annual personal income after taxes
$53,468
2026
$6,964
2026
Market capitalization of domestic companies
$151B
2004
n/a
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
25.5%
2023
24.2%
2019
Income share by poorest 10%
3.6%
2023
3.5%
2019
Government expenditure, % of GDP
47.3%
2024
29.7%
2024
Consumer prices inflation
1.37%
2023-2024
4.51%
2023-2024
Central bank interest rate
1.6%
2025
0.25%
2020
Unemployment rate
6.15%
2024
5.36%
2024
Population
6032403
938628

Spending and national debt comparison by year

Denmark
Spending

Debt
Fiji
Spending

Debt
1x
Year % of GDP
Denmark Fiji
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 29.7% 76.2%
2023 47.4% 33.8% 28.8% 79.1%
2022 45.1% 34.2% 30.9% 83.3%
2021 49.7% 40.7% 36.7% 89%
2020 53.3% 46.3% 36.2% 72.9%
2019 49.8% 38.3% 30.8% 49.7%
2018 50.8% 38.5% 31.8% 44.8%
2017 50.6% 40.2% 27.3% 42.2%
2016 52.4% 41.7% 31.4% 43.6%
2015 54.4% 44.6% 29.8% 43%
2014 55.1% 48.7% 29.1% 44.5%
2013 55.6% 47.8% 25.1% 45.8%
2012 57.9% 48.7% 25.5% 47.7%
2011 56.3% 50% 25.3% 48.6%
2010 56.5% 46.1% 24.8% 51.8%
2009 56.3% 43% 26.2% 51.5%
2008 50.3% 35.5% 22.6% 47.5%
2007 49.5% 29.5% 23.3% 46%
2006 49.7% 33.2% 24.8% 49.2%
2005 51.1% 39.4% 23.3% 44%
2004 52.8% 46.2% 24% 44.5%
2003 53.5% 48.2% 25.8% 44.9%
2002 53.1% 50.3% 27.4% 43.4%
2001 53% 50.1% 26.4% 41%
2000 52.9% 53.6% 24.8% 36.9%
1999 54.7% 56.8% 23.2% 32.7%
1998 55.6% 60.3% 26.8% 36.6%
1997 56.2% 64.4% 29.1% 54.1%
1996 58.2% 68.3% 26.4% 48.8%
1995 58.7% 71.5% 23.2% 48.4%
1994 59.5% 75.3% 24.3% 47.6%
1993 59.5% 78.7% 25.7% 44.3%
1992 56.4% 66.7% 25.8% 42.2%
1991 55.5% 63.2% - -
1990 55.1% 62.4% - -
1989 56.2% 62.2% - -
1988 56.1% 64.7% - -
1987 54% 62.5% - -
1986 52.3% 66.8% - -
1985 55.5% 74.7% - -
1984 56.6% 77.7% - -
1983 57.9% 74.2% - -
1982 57.7% 64.5% - -
1981 56.3% 51.7% - -
1980 52.7% 39.2% - -
1979 49.6% 31.8% - -
1978 47.2% 25.5% - -
1977 45.6% 15.2% - -
1976 45% 11.4% - -
1975 45.3% 7.01% - -
1974 43.6% 6.2% - -
1973 39.5% 8.94% - -
1972 42.1% 11.5% - -
1971 42.2% 12.9% - -
1970 24.4% 7.62% - -
1969 25.3% 8.36% - -
1968 24.3% 9.36% - -
1967 22.2% 10.1% - -
1966 21.1% 11.2% - -
1965 17.1% 12.9% - -
1964 17.6% 14.5% - -
1963 18.2% 13.7% - -
1962 17% 15.3% - -
1961 15.6% 16.4% - -
1960 16.4% 20.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1991, retrieved 2026-02-20).

GeoRank.org/economy/denmark/fiji | CC BY

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Fiji spent $1.77B, or 29.7% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 76.2% in Fiji, ranking 155/185 and 47/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Fiji
1x
Year Deficit/surplus, % of GDP
Denmark Fiji
2024 4.46% -3.36%
2023 3.43% -6.82%
2022 3.39% -11.2%
2021 4.12% -14.6%
2020 0.36% -9.24%
2019 4.28% -3.67%
2018 0.81% -4.72%
2017 1.69% -2.22%
2016 0.3% -5.58%
2015 -0.9% -3.8%
2014 1.43% -3.36%
2013 -0.94% -0.08%
2012 -3.2% -0.67%
2011 -1.77% -0.69%
2010 -2.52% -1.26%
2009 -2.75% -2.76%
2008 3.46% 1.54%
2007 5.31% 0.35%
2006 5.29% -0.74%
2005 5.2% -1.14%
2004 2.23% -0.95%
2003 0.14% -3.34%
2002 0.25% -3.58%
2001 1.13% -4.4%
2000 1.79% -1.37%
1999 1.06% 1.1%
1998 -0.28% 5.21%
1997 -1.22% -4.48%
1996 -2.4% -3.35%
1995 -3.5% 0.77%
1994 -3.85% -0.19%
1993 -3.73% -1.83%
1992 -2.6% -2.14%
1991 -3.15% -
1990 -1.78% -
1989 0.3% -
1988 1.46% -
1987 2.46% -
1986 3.23% -
1985 -1.38% -
1984 -3.58% -
1983 -6.29% -
1982 -8.22% -
1981 -5.84% -
1980 -2.32% -
1979 -0.69% -
1978 0.41% -
1977 0.37% -
1976 0.19% -
1975 -1.23% -
1974 3.7% -
1973 4.97% -
1972 5.01% -
1971 4.96% -
1970 0.7% -
1969 0.3% -
1968 -0.06% -
1967 1.49% -
1966 0.99% -
1965 2.13% -
1964 1.79% -
1963 1.2% -
1962 -0.09% -
1961 1.73% -
1960 1.25% -
1959 0.79% -
1958 0.25% -
1957 0.26% -
1956 -0.01% -
1955 -1.17% -
1954 -0.84% -
1953 1.75% -
1952 1.18% -
1951 0.79% -
1950 1.08% -
1949 0.63% -
1948 1.07% -
1947 0.84% -
1946 2.69% -
1945 -1.03% -
1944 0% -
1943 0% -
1942 0% -
1941 0% -
1940 0% -
1939 0% -
1938 0.03% -
1937 0.22% -
1936 -1.36% -
1935 -0.97% -
1934 0.03% -
1933 1.69% -
1932 -3.22% -
1931 -1.67% -
1930 0.03% -
1929 0.13% -
1928 -4.99% -
1927 -2.33% -
1926 -0.48% -
1925 -3.1% -
1924 -0.8% -
1923 -0.56% -
1922 -1.33% -
1921 -2.41% -
1920 -0.46% -
1919 -0.38% -
1918 1.95% -
1917 3.1% -
1916 1.51% -
1915 -0.48% -
1914 0.43% -
1913 0.07% -
1912 0.13% -
1911 -1.02% -
1910 -1.72% -
1909 -2.49% -
1908 -0.82% -
1907 0.26% -
1906 -0.42% -
1905 0.22% -
1904 -0.1% -
1903 0.03% -
1902 -0.06% -
1901 -0.71% -
1900 -0.84% -
1899 -0.59% -
1898 -0.43% -
1897 -0.61% -
1896 -0.07% -
1895 -0.17% -
1894 -0.26% -
1893 -0.42% -
1892 -0.73% -
1891 -0.76% -
1890 -0.97% -
1889 -0.55% -
1888 -0.49% -
1887 -0.68% -
1886 -0.39% -
1885 0.48% -
1884 1.2% -
1883 0.73% -
1882 0.35% -
1881 0.42% -
1880 -2.65% -

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/denmark/fiji | CC BY

In 2024, Denmark's government surplus, the difference between spending and revenue, was $18.9B, equivalent to 4.46% of GDP. This compares to Fiji's deficit of $201M, or 3.36% of GDP.

Over the past 33 years, Denmark recorded a fiscal deficit in 13 of those years, while Fiji ran a deficit in 28 years. On average, Denmark posted an annual surplus equal to 0.62% of GDP, compared to deficit of 2.81% of GDP for Fiji.

Inflation comparison by year

Inflation
Denmark

Fiji
1x
Year Consumer prices inflation
Denmark Fiji
2024 1.37% 4.51%
2023 3.31% 2.34%
2022 7.7% 4.32%
2021 1.85% 0.16%
2020 0.42% -2.6%
2019 0.76% 1.77%
2018 0.81% 4.08%
2017 1.15% 3.35%
2016 0.25% 3.86%
2015 0.45% 1.37%
2014 0.56% 0.52%
2013 0.79% 2.91%
2012 2.4% 3.42%
2011 2.76% 7.28%
2010 2.31% 3.69%
2009 1.3% 3.13%
2008 3.42% 7.73%
2007 1.69% 4.8%
2006 1.92% 2.49%
2005 1.82% 2.37%
2004 1.15% 2.83%
2003 2.08% 4.17%
2002 2.42% 0.76%
2001 2.34% 4.27%
2000 2.9% 1.09%
1999 2.5% 1.97%
1998 1.85% 5.71%
1997 2.18% 3.37%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/denmark/fiji | CC BY

Over the past 28 years, Denmark has recorded an average annual inflation rate of 1.95%, compared with 3.06% in Fiji. In 2024, inflation was 1.37% in Denmark and 4.51% in Fiji.

Top exports between countries

Denmark
Export category Export value
Machinery & equipment $1.08M
Processed food, beverages & tobacco $813K
Textiles & consumer goods $427K
Wood & paper products $28K
Raw materials & minerals $25K
Chemicals & pharma $9K
Metals $7K
Miscellaneous $1K
Fiji
Export category Export value
Processed food, beverages & tobacco $22K
Machinery & equipment $4K
Miscellaneous $1K

Balance of trade

Denmark Fiji
Current account balance
$52.1B
2024
-$866M
2022
Current account balance ranking
14/190
2024
120/190
2022
Current account balance, % of GDP
+12.3%
2024
-17.4%
2022
Goods imports
$132B
2024
$2.68B
2022
Goods exports
$172B
2024
$1.05B
2022
Service imports
$125B
2024
$754M
2022
Service exports
$129B
2024
$1.33B
2022
Imports of goods and services, % of GDP
60.8%
2024
69.2%
2023
Exports of goods and services, % of GDP
71%
2024
57%
2023

Economic freedom indices

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

Denmark Fiji
Economic freedom 79 59.5
Economic freedom ranking 8/197 103/197
Property rights 99.9 59.9
Government integrity 98 55.4
Judicial effectiveness 89.3 53.2
Tax burden 43.4 87.8
Government spending 34.8 70
Fiscal health 98 7.5
Business freedom 90.4 69.5
Labor freedom 65 66.9
Monetary freedom 80.1 72.4
Trade freedom 79.4 66.6
Investment freedom 90 55
Financial freedom 80 50

Economic freedom comparison by year

Denmark
Fiji
1x
Year Economic freedom index
Denmark Fiji
2026 79 59.5
2025 79.1 59.1
2024 77.8 58
2023 77.6 58
2022 78 56.4
2021 77.8 62.2
2020 78.3 63.4
2019 76.7 62.2
2018 76.6 62
2017 75.1 63.4
2016 75.3 58.8
2015 76.3 59
2014 76.1 58.7
2013 76.1 57.2
2012 76.2 57.3
2011 78.6 60.4
2010 77.9 60.3
2009 79.6 61
2008 79.2 61.8
2007 77 60.8
2006 75.4 58.4
2005 75.3 58.2
2004 72.4 58
2003 73.2 54.7
2002 71.1 53.9
2001 68.3 53.7
2000 68.3 57.8
1999 68.1 58.4
1998 67.5 58.2
1997 67.5 58
1996 67.3 57.4
1995 - 54.7

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

GeoRank.org/economy/denmark/fiji | CC BY

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 59.5 for Fiji, ranking 103/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Fiji
Services, % of GDP
63.5%
2024
54.6%
2024
Industry, % of GDP
24.1%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
13.2%
2024
GNI, Atlas method
$434B
2024
$5.4B
2024
GNI per capita, PPP
$84,680
2024
$14,490
2024
Total reserves including gold
$108B
2024
$1.6B
2024
Total reserves ranking
25/177
2024
133/177
2024
Net foreign direct investment
$11.9B
2024
-$86.9M
2022
Net inflows of foreign direct investment
$18.5B
2024
$204M
2024
Net outflows of foreign direct investment
$30.7B
2024
$25.6M
2024
Servicing debt to the IMF, % of GNI n/a
4.36%
2024
Poverty at national poverty lines
12.4%
2021
31%
2020
Gross capital formation, % of GDP
23.2%
2024
19.7%
2023

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/denmark/fiji | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1991, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (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.