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Economy of Denmark vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $87.1B for Ivory Coast, ranking 37/197 and 77/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Denmark vs Ivory Coast GDP by year

Denmark
Ivory Coast
1x
Year GDP, current $
Denmark Ivory Coast
2024 $424,524,722,037 $87,113,179,149
2023 $404,651,706,118 $80,780,312,569
2022 $400,114,306,337 $70,922,824,814
2021 $406,110,162,088 $72,794,636,654
2020 $355,631,021,932 $63,027,852,805
2019 $345,401,473,013 $60,382,894,697
2018 $355,293,374,912 $58,522,477,787
2017 $331,610,593,962 $52,512,343,997
2016 $312,181,849,372 $48,407,761,037
2015 $301,758,922,338 $45,815,005,169
2014 $352,832,602,064 $48,843,005,614
2013 $344,631,016,965 $42,760,235,485
2012 $326,792,574,245 $36,302,302,877
2011 $344,315,595,263 $36,693,710,801
2010 $322,345,594,075 $34,936,307,980
2009 $322,619,152,195 $33,886,813,250
2008 $354,979,471,960 $34,078,240,293
2007 $320,213,157,595 $28,760,090,953
2006 $283,386,151,544 $25,281,413,263
2005 $265,150,087,712 $24,036,918,703
2004 $251,986,155,631 $23,510,575,681
2003 $218,421,193,436 $21,251,754,340
2002 $178,788,209,558 $18,054,383,321
2001 $164,881,594,415 $16,810,537,044
2000 $164,043,817,224 $16,577,533,892
1999 $177,887,720,536 $18,870,992,456
1998 $176,877,077,513 $19,619,654,756
1997 $173,241,365,735 $18,047,558,038
1996 $187,481,157,846 $18,071,152,831
1995 $184,848,481,008 $11,000,146,267
1994 $156,017,919,221 $8,313,557,510
1993 $143,111,306,004 $11,045,760,288
1992 $152,966,494,260 $11,152,971,274
1991 $139,180,507,778 $10,492,628,581
1990 $138,217,740,684 $10,795,850,583
1989 $112,312,200,761 $9,757,410,645
1988 $115,540,189,705 $10,255,169,806
1987 $109,183,446,340 $10,087,654,465
1986 $87,748,695,217 $9,158,302,100
1985 $62,452,421,011 $6,977,650,644
1984 $58,868,891,335 $6,841,639,247
1983 $60,331,158,447 $6,838,184,773
1982 $60,084,214,872 $7,567,110,849
1981 $61,459,941,461 $8,432,589,942
1980 $70,811,287,816 $10,175,617,609
1979 $70,393,030,603 $9,142,933,967
1978 $60,320,089,218 $7,900,526,298
1977 $49,711,709,588 $6,265,068,189
1976 $44,503,607,444 $4,662,053,825
1975 $40,418,967,666 $3,893,839,190
1974 $34,125,712,481 $3,070,152,309
1973 $30,718,181,337 $2,508,421,426
1972 $23,230,667,549 $1,849,400,402
1971 $19,086,192,720 $1,584,128,509
1970 $17,075,457,733 $1,455,482,795
1969 $15,414,902,667 $1,361,360,293
1968 $13,505,574,133 $1,281,281,277
1967 $13,059,064,806 $1,082,922,725
1966 $11,931,740,293 $1,024,102,880
1965 $10,870,670,865 $919,771,229
1964 $9,677,401,337 $921,063,327
1963 $8,466,044,980 $761,047,198
1962 $7,953,274,741 $645,284,474
1961 $7,058,361,229 $618,245,634
1960 $6,361,166,545 $546,203,559

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

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

GDP per capita in Denmark vs Ivory Coast by year

Denmark
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 $2,728 $7,669
2023 $68,044 $77,892 $2,592 $7,237
2022 $67,781 $78,914 $2,333 $6,719
2021 $69,341 $69,715 $2,456 $6,045
2020 $60,985 $62,682 $2,180 $5,544
2019 $59,404 $60,595 $2,142 $5,516
2018 $61,325 $57,234 $2,131 $4,946
2017 $57,522 $55,272 $1,964 $4,690
2016 $54,501 $51,821 $1,863 $4,531
2015 $53,094 $48,897 $1,815 $4,404
2014 $62,520 $47,880 $1,991 $4,074
2013 $61,378 $46,869 $1,786 $3,619
2012 $58,444 $44,755 $1,547 $3,291
2011 $61,810 $44,444 $1,597 $3,176
2010 $58,105 $43,038 $1,554 $3,361
2009 $58,413 $40,524 $1,540 $3,177
2008 $64,617 $41,467 $1,584 $3,116
2007 $58,632 $39,110 $1,368 $2,985
2006 $52,119 $37,392 $1,230 $2,942
2005 $48,926 $34,238 $1,198 $2,842
2004 $46,625 $33,016 $1,200 $2,794
2003 $40,519 $30,864 $1,111 $2,702
2002 $33,257 $30,667 $968 $2,851
2001 $30,768 $29,459 $925 $2,962
2000 $30,722 $28,648 $937 $3,041
1999 $33,426 $26,642 $1,096 $3,065
1998 $33,346 $25,799 $1,177 $3,086
1997 $32,780 $24,887 $1,125 $3,040
1996 $35,622 $23,723 $1,170 $2,832
1995 $35,321 $22,677 $740 $2,683
1994 $29,968 $21,669 $582 $2,551
1993 $27,582 $20,217 $804 $2,577
1992 $29,579 $19,830 $845 $2,625
1991 $27,003 $19,067 $827 $2,677
1990 $26,886 $18,225 $886 $2,693
1989 $21,882 - $833 -
1988 $22,525 - $910 -
1987 $21,296 - $930 -
1986 $17,137 - $877 -
1985 $12,213 - $695 -
1984 $11,517 - $709 -
1983 $11,797 - $737 -
1982 $11,740 - $849 -
1981 $12,000 - $986 -
1980 $13,822 - $1,238 -
1979 $13,757 - $1,157 -
1978 $11,818 - $1,039 -
1977 $9,770 - $856 -
1976 $8,773 - $661 -
1975 $7,988 - $575 -
1974 $6,764 - $474 -
1973 $6,117 - $406 -
1972 $4,654 - $313 -
1971 $3,846 - $280.3 -
1970 $3,464 - $269 -
1969 $3,151 - $262.2 -
1968 $2,776 - $256.8 -
1967 $2,701 - $225.6 -
1966 $2,487 - $221.8 -
1965 $2,284 - $207 -
1964 $2,049 - $215.5 -
1963 $1,807 - $185.1 -
1962 $1,711 - $163.1 -
1961 $1,531 - $162.3 -
1960 $1,389 - $148.7 -

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

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

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Denmark Ivory Coast
Gross domestic product
$425B
2024
$87.1B
2024
GDP rank
37/197
2024
77/197
2024
GDP growth
3.48%
2023-2024
6.02%
2023-2024
GDP per capita
$71,026
2024
$2,728
2024
GDP per capita rank
12/197
2024
142/197
2024
GDP per capita, PPP
$81,878
2024
$7,669
2024
GDP per capita PPP rank
14/197
2024
145/197
2024
Government debt
$134B
2024
$51.6B
2024
Debt-to-GDP ratio
31.5%
2024
59.3%
2024
Government debt per person
$22,340
2024
$1,616
2024
Government debt per person rank
30/185
2024
125/185
2024
Average annual personal income after taxes
$53,468
2026
$2,733
2026
Market capitalization of domestic companies
$151B
2004
$7.33B
2020
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
25.5%
2023
27.8%
2021
Income share by poorest 10%
3.6%
2023
3.1%
2021
Government expenditure, % of GDP
47.3%
2024
20.4%
2024
Consumer prices inflation
1.37%
2023-2024
3.45%
2023-2024
Central bank interest rate
1.6%
2025
n/a
Unemployment rate
6.15%
2024
2.31%
2022
Population
6032403
33722528

Spending and national debt comparison by year

Denmark
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Denmark Ivory Coast
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 20.4% 59.3%
2023 47.4% 33.8% 21.3% 57.5%
2022 45.1% 34.2% 21.9% 56%
2021 49.7% 40.7% 20.5% 50.2%
2020 53.3% 46.3% 20.4% 46.3%
2019 49.8% 38.3% 17.2% 37.2%
2018 50.8% 38.5% 17.6% 35.3%
2017 50.6% 40.2% 18.1% 32.6%
2016 52.4% 41.7% 17.6% 31.1%
2015 54.4% 44.6% 16.5% 29.2%
2014 55.1% 48.7% 15.2% 26.7%
2013 55.6% 47.8% 15.9% 24.6%
2012 57.9% 48.7% 16.1% 24.7%
2011 56.3% 50% 13.2% 50%
2010 56.5% 46.1% 14.5% 45.6%
2009 56.3% 43% 14.4% 46.5%
2008 50.3% 35.5% 14.6% 51.2%
2007 49.5% 29.5% 14.8% 53.5%
2006 49.7% 33.2% 14.5% 57.5%
2005 51.1% 39.4% 13.6% 58.2%
2004 52.8% 46.2% 13.5% 56.7%
2003 53.5% 48.2% 12.7% 56.4%
2002 53.1% 50.3% 13.1% 63%
2001 53% 50.1% 11.4% 71.2%
2000 52.9% 53.6% 12.9% 74%
1999 54.7% 56.8% 13.7% 78%
1998 55.6% 60.3% 14.6% 75.2%
1997 56.2% 64.4% 15.2% 84.2%
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/ivory-coast | CC BY

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 59.3% in Ivory Coast, ranking 155/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Denmark Ivory Coast
2024 4.46% -3.97%
2023 3.43% -5.19%
2022 3.39% -6.74%
2021 4.12% -4.86%
2020 0.36% -5.42%
2019 4.28% -2.22%
2018 0.81% -2.9%
2017 1.69% -3.27%
2016 0.3% -2.98%
2015 -0.9% -2.04%
2014 1.43% -1.57%
2013 -0.94% -1.62%
2012 -3.2% -2.28%
2011 -1.77% -2.89%
2010 -2.52% -1.34%
2009 -2.75% -1%
2008 3.46% -0.21%
2007 5.31% -0.39%
2006 5.29% -1.03%
2005 5.2% -1.03%
2004 2.23% -1.04%
2003 0.14% -1.26%
2002 0.25% -0.64%
2001 1.13% 0.7%
2000 1.79% -0.83%
1999 1.06% -1.27%
1998 -0.28% -0.7%
1997 -1.22% -0.75%
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/ivory-coast | 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 Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Denmark recorded a fiscal deficit in 8 of those years, while Ivory Coast ran a deficit in 27 years. On average, Denmark posted an annual surplus equal to 1.31% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Denmark

Ivory Coast
1x
Year Consumer prices inflation
Denmark Ivory Coast
2024 1.37% 3.45%
2023 3.31% 4.37%
2022 7.7% 5.23%
2021 1.85% 4.16%
2020 0.42% 2.41%
2019 0.76% 0.79%
2018 0.81% 0.4%
2017 1.15% 0.69%
2016 0.25% 0.72%
2015 0.45% 1.25%
2014 0.56% 0.45%
2013 0.79% 2.58%
2012 2.4% 1.3%
2011 2.76% 4.91%
2010 2.31% 1.23%
2009 1.3% 1.02%
2008 3.42% 6.31%
2007 1.69% 1.89%
2006 1.92% 2.47%
2005 1.82% 3.89%
2004 1.15% 1.46%
2003 2.08% 3.3%
2002 2.42% 3.08%
2001 2.34% 4.36%
2000 2.9% 2.53%
1999 2.5% 0.7%
1998 1.85% 4.61%
1997 2.18% 4.02%

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

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

Over the past 28 years, Denmark has recorded an average annual inflation rate of 1.95%, compared with 2.63% in Ivory Coast. In 2024, inflation was 1.37% in Denmark and 3.45% in Ivory Coast.

Top exports between countries

Denmark
Export category Export value
Processed food, beverages & tobacco $10.5M
Machinery & equipment $10M
Animal & marine products $1.82M
Chemicals & pharma $1.25M
Textiles & consumer goods $903K
Raw agricultural goods $545K
Metals $380K
Wood & paper products $247K
Raw materials & minerals $125K
Miscellaneous $17K
Ivory Coast
Export category Export value
Machinery & equipment $31.2M
Raw agricultural goods $18.1M
Raw materials & minerals $17.9M
Processed food, beverages & tobacco $5.16M
Wood & paper products $377K
Textiles & consumer goods $65K
Metals $16K
Chemicals & pharma $3K

Balance of trade

Denmark Ivory Coast
Current account balance
$52.1B
2024
-$9.21B
2023
Current account balance ranking
14/190
2024
175/190
2023
Current account balance, % of GDP
+12.3%
2024
-11.4%
2023
Goods imports
$132B
2024
$15.4B
2023
Goods exports
$172B
2024
$17.1B
2023
Service imports
$125B
2024
$8.78B
2023
Service exports
$129B
2024
$1.5B
2023
Imports of goods and services, % of GDP
60.8%
2024
25.2%
2024
Exports of goods and services, % of GDP
71%
2024
26%
2024

Economic freedom indices

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

Denmark Ivory Coast
Economic freedom 79 58.1
Economic freedom ranking 8/197 111/197
Property rights 99.9 43.9
Government integrity 98 39.3
Judicial effectiveness 89.3 30.2
Tax burden 43.4 81.6
Government spending 34.8 86.6
Fiscal health 98 48
Business freedom 90.4 68.3
Labor freedom 65 57.1
Monetary freedom 80.1 67.6
Trade freedom 79.4 74.4
Investment freedom 90 50
Financial freedom 80 50

Economic freedom comparison by year

Denmark
Ivory Coast
1x
Year Economic freedom index
Denmark Ivory Coast
2026 79 58.1
2025 79.1 57.8
2024 77.8 58.4
2023 77.6 60.4
2022 78 61.6
2021 77.8 61.7
2020 78.3 59.7
2019 76.7 62.4
2018 76.6 62
2017 75.1 63
2016 75.3 60
2015 76.3 58.5
2014 76.1 57.7
2013 76.1 54.1
2012 76.2 54.3
2011 78.6 55.4
2010 77.9 54.1
2009 79.6 55
2008 79.2 53.9
2007 77 54.9
2006 75.4 56.2
2005 75.3 56.6
2004 72.4 57.8
2003 73.2 56.7
2002 71.1 57.3
2001 68.3 54.8
2000 68.3 50.2
1999 68.1 51.7
1998 67.5 51.3
1997 67.5 50.5
1996 67.3 49.9
1995 - 53.4

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

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, 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

Denmark Ivory Coast
Services, % of GDP
63.5%
2024
51.9%
2024
Industry, % of GDP
24.1%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
15.9%
2024
GNI, Atlas method
$434B
2024
$80.9B
2024
GNI per capita, PPP
$84,680
2024
$7,360
2024
Total reserves including gold
$108B
2024
n/a
Total reserves ranking
25/177
2024
n/a
Net foreign direct investment
$11.9B
2024
-$2B
2023
Net inflows of foreign direct investment
$18.5B
2024
$3.12B
2024
Net outflows of foreign direct investment
$30.7B
2024
$228M
2024
Servicing debt to the IMF, % of GNI n/a
6.44%
2024
Poverty at national poverty lines
12.4%
2021
37.5%
2021
Gross capital formation, % of GDP
23.2%
2024
20.9%
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/denmark/ivory-coast | 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)
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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.