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Economy of Denmark vs Guyana compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $24.7B for Guyana, ranking 37/197 and 120/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Denmark vs Guyana GDP by year

Denmark
Guyana
1x
Year GDP, current $
Denmark Guyana
2024 $424,524,722,037 $24,662,709,832
2023 $404,651,706,118 $16,918,503,597
2022 $400,114,306,337 $14,718,388,489
2021 $406,110,162,088 $8,041,362,110
2020 $355,631,021,932 $5,471,256,595
2019 $345,401,473,013 $5,173,760,192
2018 $355,293,374,912 $4,787,636,998
2017 $331,610,593,962 $4,748,174,334
2016 $312,181,849,372 $4,482,697,337
2015 $301,758,922,338 $4,279,840,194
2014 $352,832,602,064 $4,127,660,152
2013 $344,631,016,965 $4,167,800,929
2012 $326,792,574,245 $4,063,088,536
2011 $344,315,595,263 $3,691,384,318
2010 $322,345,594,075 $3,432,912,517
2009 $322,619,152,195 $3,165,663,153
2008 $354,979,471,960 $3,025,187,433
2007 $320,213,157,595 $2,730,971,595
2006 $283,386,151,544 $2,379,817,991
2005 $265,150,087,712 $824,880,550
2004 $251,986,155,631 $787,814,379
2003 $218,421,193,436 $743,063,950
2002 $178,788,209,558 $726,131,435
2001 $164,881,594,415 $712,167,450
2000 $164,043,817,224 $712,667,897
1999 $177,887,720,536 $694,754,988
1998 $176,877,077,513 $717,530,683
1997 $173,241,365,735 $749,138,010
1996 $187,481,157,846 $705,406,001
1995 $184,848,481,008 $621,626,786
1994 $156,017,919,221 $540,874,934
1993 $143,111,306,004 $454,101,382
1992 $152,966,494,260 $373,573,141
1991 $139,180,507,778 $348,533,095
1990 $138,217,740,684 $396,582,263
1989 $112,312,200,761 $379,779,390
1988 $115,540,189,705 $413,799,990
1987 $109,183,446,340 $354,591,847
1986 $87,748,695,217 $504,651,140
1985 $62,452,421,011 $453,488,372
1984 $58,868,891,335 $437,631,605
1983 $60,331,158,447 $489,333,333
1982 $60,084,214,872 $482,000,000
1981 $61,459,941,461 $570,357,107
1980 $70,811,287,816 $603,200,000
1979 $70,393,030,603 $530,440,000
1978 $60,320,089,218 $507,080,000
1977 $49,711,709,588 $449,880,000
1976 $44,503,607,444 $454,440,000
1975 $40,418,967,666 $494,791,667
1974 $34,125,712,481 $433,954,545
1973 $30,718,181,337 $307,047,619
1972 $23,230,667,549 $285,380,952
1971 $19,086,192,720 $282,050,000
1970 $17,075,457,733 $267,800,000
1969 $15,414,902,667 $249,300,000
1968 $13,505,574,133 $229,750,000
1967 $13,059,064,806 $250,176,471
1966 $11,931,740,293 $228,705,882
1965 $10,870,670,865 $213,235,294
1964 $9,677,401,337 $194,774,513
1963 $8,466,044,980 $175,757,894
1962 $7,953,274,741 $194,949,513
1961 $7,058,361,229 $185,849,535
1960 $6,361,166,545 $170,216,241

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

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

GDP per capita in Denmark vs Guyana by year

Denmark
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 $29,675 $80,155
2023 $68,044 $77,892 $20,474 $54,729
2022 $67,781 $78,914 $17,913 $39,711
2021 $69,341 $69,715 $9,861 $22,866
2020 $60,985 $62,682 $6,776 $16,819
2019 $59,404 $60,595 $6,406 $13,241
2018 $61,325 $57,234 $6,048 $12,443
2017 $57,522 $55,272 $6,179 $12,243
2016 $54,501 $51,821 $5,871 $11,516
2015 $53,094 $48,897 $5,640 $11,408
2014 $62,520 $47,880 $5,473 $11,145
2013 $61,378 $46,869 $5,557 $11,200
2012 $58,444 $44,755 $5,444 $10,627
2011 $61,810 $44,444 $4,947 $10,066
2010 $58,105 $43,038 $4,582 $9,337
2009 $58,413 $40,524 $4,209 $8,824
2008 $64,617 $41,467 $4,009 $8,437
2007 $58,632 $39,110 $3,608 $8,110
2006 $52,119 $37,392 $3,136 $7,346
2005 $48,926 $34,238 $1,084 $6,761
2004 $46,625 $33,016 $1,033 $6,673
2003 $40,519 $30,864 $974 $6,392
2002 $33,257 $30,667 $951 $6,304
2001 $30,768 $29,459 $932 $6,131
2000 $30,722 $28,648 $932 $5,860
1999 $33,426 $26,642 $909 $5,812
1998 $33,346 $25,799 $940 $5,573
1997 $32,780 $24,887 $983 $5,615
1996 $35,622 $23,723 $928 $5,210
1995 $35,321 $22,677 $820 $4,753
1994 $29,968 $21,669 $716 $4,447
1993 $27,582 $20,217 $603 $4,027
1992 $29,579 $19,830 $498 $3,651
1991 $27,003 $19,067 $466 $3,322
1990 $26,886 $18,225 $529 $3,022
1989 $21,882 - $503 -
1988 $22,525 - $545 -
1987 $21,296 - $464 -
1986 $17,137 - $657 -
1985 $12,213 - $588 -
1984 $11,517 - $565 -
1983 $11,797 - $631 -
1982 $11,740 - $621 -
1981 $12,000 - $735 -
1980 $13,822 - $779 -
1979 $13,757 - $689 -
1978 $11,818 - $663 -
1977 $9,770 - $593 -
1976 $8,773 - $604 -
1975 $7,988 - $664 -
1974 $6,764 - $588 -
1973 $6,117 - $421 -
1972 $4,654 - $395 -
1971 $3,846 - $396 -
1970 $3,464 - $381 -
1969 $3,151 - $361 -
1968 $2,776 - $340 -
1967 $2,701 - $378 -
1966 $2,487 - $353 -
1965 $2,284 - $336 -
1964 $2,049 - $313 -
1963 $1,807 - $288.8 -
1962 $1,711 - $327 -
1961 $1,531 - $319 -
1960 $1,389 - $299.1 -

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

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

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Guyana ranks 15th at $80,155.

Economic indicators

Denmark Guyana
Gross domestic product
$425B
2024
$24.7B
2024
GDP rank
37/197
2024
120/197
2024
GDP growth
3.48%
2023-2024
43.8%
2023-2024
GDP per capita
$71,026
2024
$29,675
2024
GDP per capita rank
12/197
2024
41/197
2024
GDP per capita, PPP
$81,878
2024
$80,155
2024
GDP per capita PPP rank
14/197
2024
15/197
2024
Government debt
$134B
2024
$5.99B
2024
Debt-to-GDP ratio
31.5%
2024
24.3%
2024
Government debt per person
$22,340
2024
$7,213
2024
Government debt per person rank
30/185
2024
66/185
2024
Average annual personal income after taxes
$53,468
2026
$13,212
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
34.4%
1998
Income share by poorest 10%
3.6%
2023
1.1%
1998
Government expenditure, % of GDP
47.3%
2024
23.2%
2024
Consumer prices inflation
1.37%
2023-2024
2.5%
2023-2024
Central bank interest rate
1.6%
2025
n/a
Unemployment rate
6.15%
2024
13.2%
2019
Population
6032403
842249

Spending and national debt comparison by year

Denmark
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Denmark Guyana
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 23.2% 24.3%
2023 47.4% 33.8% 23.7% 26.7%
2022 45.1% 34.2% 20.3% 24.8%
2021 49.7% 40.7% 24.8% 45.7%
2020 53.3% 46.3% 30.5% 59.5%
2019 49.8% 38.3% 28.1% 54%
2018 50.8% 38.5% 27.6% 47.9%
2017 50.6% 40.2% 26.3% 46.1%
2016 52.4% 41.7% 25.2% 44%
2015 54.4% 44.6% 21.7% 42.2%
2014 55.1% 48.7% 23.1% 38.7%
2013 55.6% 47.8% 21.4% 41.4%
2012 57.9% 48.7% 21.8% 44.7%
2011 56.3% 50% 23.5% 51.7%
2010 56.5% 46.1% 23.9% 53.1%
2009 56.3% 43% 25.4% 52.3%
2008 50.3% 35.5% 24.1% 48.2%
2007 49.5% 29.5% 25.5% 47.7%
2006 49.7% 33.2% 29% 74.5%
2005 51.1% 39.4% 28.4% 90.7%
2004 52.8% 46.2% 23.7% 91.8%
2003 53.5% 48.2% 23.5% 95.6%
2002 53.1% 50.3% 23.1% 105.1%
2001 53% 50.1% 24% 104.6%
2000 52.9% 53.6% 22.9% 97.2%
1999 54.7% 56.8% 17.6% 97.1%
1998 55.6% 60.3% 19.7% 108%
1997 56.2% 64.4% 20.9% 101.3%
1996 58.2% 68.3% - -
1995 58.7% 71.5% - -
1994 59.5% 75.3% - -
1993 59.5% 78.7% - -
1992 56.4% 66.7% - -
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/guyana | CC BY

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 24.3% in Guyana, ranking 155/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Guyana
1x
Year Deficit/surplus, % of GDP
Denmark Guyana
2024 4.46% -7.31%
2023 3.43% -5.78%
2022 3.39% -5.11%
2021 4.12% -6.94%
2020 0.36% -7.78%
2019 4.28% -2.52%
2018 0.81% -2.52%
2017 1.69% -3.14%
2016 0.3% -3.21%
2015 -0.9% -0.75%
2014 1.43% -3.88%
2013 -0.94% -2.16%
2012 -3.2% -3.11%
2011 -1.77% -2.13%
2010 -2.52% -1.88%
2009 -2.75% -2.5%
2008 3.46% -2.78%
2007 5.31% -3.35%
2006 5.29% -6.16%
2005 5.2% -6.54%
2004 2.23% -2.88%
2003 0.14% -4.81%
2002 0.25% -2.42%
2001 1.13% -3.71%
2000 1.79% -2.27%
1999 1.06% -0.47%
1998 -0.28% -2.67%
1997 -1.22% -1.7%
1996 -2.4% -
1995 -3.5% -
1994 -3.85% -
1993 -3.73% -
1992 -2.6% -
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/guyana | 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 Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, Denmark recorded a fiscal deficit in 8 of those years, while Guyana ran a deficit in 28 years. On average, Denmark posted an annual surplus equal to 1.31% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Denmark

Guyana
1x
Year Consumer prices inflation
Denmark Guyana
2024 1.37% 2.5%
2023 3.31% 4.5%
2022 7.7% 6.5%
2021 1.85% 3.3%
2020 0.42% 1.2%
2019 0.76% 2.1%
2018 0.81% 1.3%
2017 1.15% 1.9%
2016 0.25% 0.8%
2015 0.45% -0.9%
2014 0.56% 0.7%
2013 0.79% 1.9%
2012 2.4% 2.4%
2011 2.76% 4.4%
2010 2.31% 4.3%
2009 1.3% 3%
2008 3.42% 8.1%
2007 1.69% 12.2%
2006 1.92% 6.7%
2005 1.82% 6.9%
2004 1.15% 4.7%
2003 2.08% 6%
2002 2.42% 5.4%
2001 2.34% 2.6%
2000 2.9% 6.1%
1999 2.5% 7.5%
1998 1.85% 4.6%
1997 2.18% 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/denmark/guyana | CC BY

Over the past 28 years, Denmark has recorded an average annual inflation rate of 1.95%, compared with 4.08% in Guyana. In 2024, inflation was 1.37% in Denmark and 2.5% in Guyana.

Top exports between countries

Denmark
Export category Export value
Machinery & equipment $7.5M
Animal & marine products $3.39M
Raw agricultural goods $2.61M
Textiles & consumer goods $1.94M
Metals $1.7M
Chemicals & pharma $580K
Processed food, beverages & tobacco $274K
Raw materials & minerals $133K
Wood & paper products $75K
Miscellaneous $73K
Guyana
Export category Export value
Raw materials & minerals $160M
Wood & paper products $126K
Machinery & equipment $7K
Metals $3K

Balance of trade

Denmark Guyana
Current account balance
$52.1B
2024
$2.35B
2023
Current account balance ranking
14/190
2024
43/190
2023
Current account balance, % of GDP
+12.3%
2024
+13.9%
2023
Goods imports
$132B
2024
$6B
2023
Goods exports
$172B
2024
$13.2B
2023
Service imports
$125B
2024
$4.95B
2023
Service exports
$129B
2024
$529M
2023
Imports of goods and services, % of GDP
60.8%
2024
109.7%
2005
Exports of goods and services, % of GDP
71%
2024
84.6%
2005

Economic freedom indices

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

Denmark Guyana
Economic freedom 79 58.7
Economic freedom ranking 8/197 109/197
Property rights 99.9 46.7
Government integrity 98 38.8
Judicial effectiveness 89.3 48.6
Tax burden 43.4 76.4
Government spending 34.8 85
Fiscal health 98 39.9
Business freedom 90.4 70.9
Labor freedom 65 76
Monetary freedom 80.1 78.5
Trade freedom 79.4 59.2
Investment freedom 90 55
Financial freedom 80 30

Economic freedom comparison by year

Denmark
Guyana
1x
Year Economic freedom index
Denmark Guyana
2026 79 58.7
2025 79.1 58.2
2024 77.8 57.3
2023 77.6 56.9
2022 78 59.5
2021 77.8 57.4
2020 78.3 56.2
2019 76.7 56.8
2018 76.6 58.7
2017 75.1 58.5
2016 75.3 55.4
2015 76.3 55.5
2014 76.1 55.7
2013 76.1 53.8
2012 76.2 51.3
2011 78.6 49.4
2010 77.9 48.4
2009 79.6 48.4
2008 79.2 48.8
2007 77 53.7
2006 75.4 56.6
2005 75.3 56.5
2004 72.4 53
2003 73.2 50.3
2002 71.1 54.3
2001 68.3 53.3
2000 68.3 52.4
1999 68.1 53.3
1998 67.5 52.7
1997 67.5 53.2
1996 67.3 50.1
1995 - 45.7

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

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Guyana
Services, % of GDP
63.5%
2024
14.5%
2024
Industry, % of GDP
24.1%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
7.62%
2024
GNI, Atlas method
$434B
2024
$16.7B
2024
GNI per capita, PPP
$84,680
2024
$52,290
2024
Total reserves including gold
$108B
2024
$1.01B
2024
Total reserves ranking
25/177
2024
141/177
2024
Net foreign direct investment
$11.9B
2024
$1.14B
2023
Net inflows of foreign direct investment
$18.5B
2024
$8.63B
2024
Net outflows of foreign direct investment
$30.7B
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI n/a
3.73%
2024
Poverty at national poverty lines
12.4%
2021
35%
2020
Gross capital formation, % of GDP
23.2%
2024
32.3%
2005

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/guyana | 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 (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.