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Economy of Denmark vs Romania compared: GDP & Debt

Updated on by Georank

Denmark has a GDP of $463B compared to $429B for Romania, ranking 36/197 and 39/197 by economy size, respectively.

Denmark has $127B in government debt (27.5% of GDP), compared to $260B (60.6% of GDP) in Romania.

Denmark vs Romania GDP by year

Denmark
Romania
1x
Year GDP, current $
Denmark Romania
2025 $462,526,660,468 $428,677,977,855
2024 $424,524,722,037 $382,564,217,989
2023 $404,651,706,118 $347,757,995,759
2022 $400,114,306,337 $295,317,862,856
2021 $406,110,162,088 $285,072,444,957
2020 $355,631,021,932 $250,624,575,872
2019 $345,401,473,013 $250,080,428,512
2018 $355,293,374,912 $241,791,427,224
2017 $331,610,593,962 $210,147,385,855
2016 $312,181,849,372 $185,290,759,249
2015 $301,758,922,338 $177,885,131,240
2014 $352,832,602,064 $199,722,319,676
2013 $344,631,016,965 $189,798,603,751
2012 $326,792,574,245 $179,117,323,107
2011 $344,315,595,263 $192,623,977,894
2010 $322,345,594,075 $170,064,350,672
2009 $322,619,152,195 $174,110,532,659
2008 $354,979,471,960 $214,315,932,061
2007 $320,213,157,595 $174,588,782,939
2006 $283,386,151,544 $122,023,735,993
2005 $265,150,087,712 $98,454,380,120
2004 $251,986,155,631 $74,973,656,852
2003 $218,421,193,436 $57,806,384,143
2002 $178,788,209,558 $46,065,502,703
2001 $164,881,594,415 $40,395,116,581
2000 $164,043,817,224 $37,253,739,511
1999 $177,887,720,536 $35,953,156,754
1998 $176,877,077,513 $41,696,091,974
1997 $173,241,365,735 $35,575,214,078
1996 $187,481,157,846 $36,937,074,278
1995 $184,848,481,008 $37,430,162,103
1994 $156,017,919,221 $30,072,805,104
1993 $143,111,306,004 $26,361,160,450
1992 $152,966,494,260 $25,121,666,667
1991 $139,180,507,778 $28,850,634,900
1990 $138,217,740,684 $38,247,882,300
1989 $112,312,200,761 $41,450,777,202
1988 $115,540,189,705 $40,424,528,302
1987 $109,183,446,340 $38,067,567,568
1986 $87,748,695,217 -
1985 $62,452,421,011 -
1984 $58,868,891,335 -
1983 $60,331,158,447 -
1982 $60,084,214,872 -
1981 $61,459,941,461 -
1980 $70,811,287,816 -
1979 $70,393,030,603 -
1978 $60,320,089,218 -
1977 $49,711,709,588 -
1976 $44,503,607,444 -
1975 $40,418,967,666 -
1974 $34,125,712,481 -
1973 $30,718,181,337 -
1972 $23,230,667,549 -
1971 $19,086,192,720 -
1970 $17,075,457,733 -
1969 $15,414,902,667 -
1968 $13,505,574,133 -
1967 $13,059,064,806 -
1966 $11,931,740,293 -
1965 $10,870,670,865 -
1964 $9,677,401,337 -
1963 $8,466,044,980 -
1962 $7,953,274,741 -
1961 $7,058,361,229 -
1960 $6,361,166,545 -

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

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

GDP per capita in Denmark vs Romania by year

Denmark
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $76,970 - $22,538 -
2024 $71,026 $81,878 $20,080 $49,077
2023 $68,044 $77,892 $18,244 $45,982
2022 $67,781 $78,914 $15,503 $41,979
2021 $69,341 $69,715 $14,908 $37,534
2020 $60,985 $62,682 $13,009 $34,194
2019 $59,404 $60,595 $12,910 $33,425
2018 $61,325 $57,234 $12,416 $29,383
2017 $57,522 $55,272 $10,728 $26,943
2016 $54,501 $51,821 $9,405 $23,905
2015 $53,094 $48,897 $8,977 $21,625
2014 $62,520 $47,880 $10,032 $20,633
2013 $61,378 $46,869 $9,498 $19,678
2012 $58,444 $44,755 $8,930 $19,808
2011 $61,810 $44,444 $9,561 $18,804
2010 $58,105 $43,038 $8,400 $17,355
2009 $58,413 $40,524 $8,548 $16,641
2008 $64,617 $41,467 $10,435 $16,782
2007 $58,632 $39,110 $8,360 $13,703
2006 $52,119 $37,392 $5,758 $11,554
2005 $48,926 $34,238 $4,618 $9,602
2004 $46,625 $33,016 $3,495 $8,989
2003 $40,519 $30,864 $2,679 $7,559
2002 $33,257 $30,667 $2,120 $7,162
2001 $30,768 $29,459 $1,825 $6,520
2000 $30,722 $28,648 $1,660 $5,850
1999 $33,426 $26,642 $1,600 $5,596
1998 $33,346 $25,799 $1,853 $5,545
1997 $32,780 $24,887 $1,577 $5,564
1996 $35,622 $23,723 $1,633 $5,746
1995 $35,321 $22,677 $1,650 $5,429
1994 $29,968 $21,669 $1,323 $4,995
1993 $27,582 $20,217 $1,158 $4,699
1992 $29,579 $19,830 $1,102 $4,515
1991 $27,003 $19,067 $1,254 $4,795
1990 $26,886 $18,225 $1,648 $5,280
1989 $21,882 - $1,790 -
1988 $22,525 - $1,753 -
1987 $21,296 - $1,659 -
1986 $17,137 - - -
1985 $12,213 - - -
1984 $11,517 - - -
1983 $11,797 - - -
1982 $11,740 - - -
1981 $12,000 - - -
1980 $13,822 - - -
1979 $13,757 - - -
1978 $11,818 - - -
1977 $9,770 - - -
1976 $8,773 - - -
1975 $7,988 - - -
1974 $6,764 - - -
1973 $6,117 - - -
1972 $4,654 - - -
1971 $3,846 - - -
1970 $3,464 - - -
1969 $3,151 - - -
1968 $2,776 - - -
1967 $2,701 - - -
1966 $2,487 - - -
1965 $2,284 - - -
1964 $2,049 - - -
1963 $1,807 - - -
1962 $1,711 - - -
1961 $1,531 - - -
1960 $1,389 - - -

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

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

Denmark's GDP per capita is $76,970, ranking 11/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Romania ranks 47th at $49,077.

Economic indicators

Denmark Romania
Gross domestic product
$463B
2025
$429B
2025
GDP rank
36/197
2025
39/197
2025
GDP growth
2.93%
2024-2025
0.68%
2024-2025
GDP per capita
$76,970
2025
$22,538
2025
GDP per capita rank
11/197
2025
57/197
2025
GDP per capita, PPP
$81,878
2024
$49,077
2024
GDP per capita PPP rank
14/197
2024
47/197
2024
Government debt
$127B
2025
$260B
2025
Debt-to-GDP ratio
27.5%
2025
60.6%
2025
Government debt per person
$21,192
2025
$13,650
2025
Government debt per person rank
32/185
2025
48/185
2025
Average annual personal income after taxes
$52,602
2026
$13,510
2026
Market capitalization of domestic companies
$151B
2004
$70.9B
2025
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2026
6
2026
Income share by richest 10%
25.5%
2023
21.8%
2023
Income share by poorest 10%
3.6%
2023
2.4%
2023
Government expenditure, % of GDP
47.6%
2025
40.5%
2025
Consumer prices inflation
1.89%
2024-2025
7.3%
2024-2025
Central bank interest rate
1.6%
2025
6.5%
2024
Unemployment rate
6.4%
2025
6.1%
2025
Population
6042125
18912567

Spending and national debt comparison by year

Denmark
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Denmark Romania
Government spending Government debt Government spending Government debt
2025 47.6% 27.5% 40.5% 60.6%
2024 47.3% 30.5% 40% 57.5%
2023 47.4% 33% 37% 52.6%
2022 45.1% 33.3% 37.5% 51.9%
2021 49.7% 39.6% 37.2% 51.8%
2020 53.3% 45.2% 38.3% 49.5%
2019 49.8% 38.3% 33.4% 36.8%
2018 50.8% 38.5% 31.9% 36.4%
2017 50.6% 40.2% 31% 37.1%
2016 52.4% 41.7% 31.8% 39.5%
2015 54.4% 44.6% 34.2% 39.4%
2014 55.1% 48.7% 33.8% 40.5%
2013 55.6% 47.8% 34.2% 39.3%
2012 57.9% 48.7% 33.5% 36.2%
2011 56.3% 50% 35% 32.6%
2010 56.5% 46.1% 37.4% 30.2%
2009 56.3% 43% 36.3% 22.5%
2008 50.3% 35.5% 35.3% 13%
2007 49.5% 29.5% 34.6% 12.4%
2006 49.7% 33.2% 33.9% 12.7%
2005 51.1% 39.4% 32.3% 17.8%
2004 52.8% 46.2% 33.7% 21.3%
2003 53.5% 48.2% 31.8% 24.9%
2002 53.1% 50.3% 32.1% 27.4%
2001 53% 50.1% 33.2% 27.4%
2000 52.9% 53.6% 35% 29.6%
1999 54.7% 56.8% 35.1% 21.7%
1998 55.6% 60.3% 34.7% 16.5%
1997 56.2% 64.4% 33.5% 15%
1996 58.2% 68.3% 33.5% 11%
1995 58.7% 71.5% 34.4% 6.91%
1994 59.5% 75.3% 33.1% -
1993 59.5% 78.7% 33.5% -
1992 56.4% 66.7% 41.5% -
1991 55.5% 63.2% 38.3% -
1990 55.1% 62.4% 38.4% -
1989 56.2% 62.2% 40.1% -
1988 56.1% 64.7% 36.6% -
1987 54% 62.5% 40.7% -
1986 52.3% 66.8% 42.5% -
1985 55.5% 74.7% 41.6% -
1984 56.6% 77.7% 28.6% -
1983 57.9% 74.2% 25.8% -
1982 57.7% 64.5% 28.5% -
1981 56.3% 51.7% 30.4% -
1980 52.7% 39.2% 33.6% -
1979 49.6% 31.8% 42% -
1978 47.2% 25.5% 42.1% -
1977 45.6% 15.2% 39.9% -
1976 45% 11.4% 37.5% -
1975 45.3% 7.01% 40.6% -
1974 43.6% 6.2% 37.6% -
1973 39.5% 8.94% 32.6% -
1972 42.1% 11.5% 29.9% -
1971 42.2% 12.9% 27.2% -
1970 24.4% 7.62% 28.1% -
1969 25.3% 8.36% 32.1% -
1968 24.3% 9.36% 31.8% -
1967 22.2% 10.1% 30.6% -
1966 21.1% 11.2% 27.3% -
1965 17.1% 12.9% 25.6% -
1964 17.6% 14.5% 25.1% -
1963 18.2% 13.7% 23.1% -
1962 17% 15.3% 43.4% -
1961 15.6% 16.4% - -
1960 16.4% 20.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Denmark's government spending was $220B, accounting for 47.6% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 27.5% in Denmark and 60.6% in Romania, ranking 161/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Romania
1x
Year Deficit/surplus, % of GDP
Denmark Romania
2025 2.85% -7.64%
2024 4.46% -8.68%
2023 3.43% -5.66%
2022 3.39% -5.85%
2021 4.08% -6.74%
2020 0.36% -9.6%
2019 4.28% -4.58%
2018 0.81% -2.76%
2017 1.69% -2.86%
2016 0.3% -2.5%
2015 -0.9% -1.35%
2014 1.43% -1.76%
2013 -0.94% -2.44%
2012 -3.2% -2.39%
2011 -1.77% -4.14%
2010 -2.52% -6.22%
2009 -2.75% -6.86%
2008 3.46% -4.6%
2007 5.31% -3.05%
2006 5.29% -1.36%
2005 5.2% -0.69%
2004 2.23% -3.39%
2003 0.14% -2.29%
2002 0.25% -2.59%
2001 1.13% -3.2%
2000 1.79% -3.99%
1999 1.06% -3.58%
1998 -0.28% -5.33%
1997 -1.22% -5.19%
1996 -2.4% -4.74%
1995 -3.5% -3.32%
1994 -3.85% -2.2%
1993 -3.73% -0.35%
1992 -2.6% -4.55%
1991 -3.15% 3.23%
1990 -1.78% 1.03%
1989 0.3% -2.87%
1988 1.46% 8.4%
1987 2.46% 2.37%
1986 3.23% 5.72%
1985 -1.38% 6.36%
1984 -3.58% 15.2%
1983 -6.29% 9.35%
1982 -8.22% 0.36%
1981 -5.84% 0.61%
1980 -2.32% -1.95%
1979 -0.69% 0%
1978 0.41% 0%
1977 0.37% 0.23%
1976 0.19% 0.66%
1975 -1.23% 0.41%
1974 3.7% 0.51%
1973 4.97% 1.53%
1972 5.01% 1.21%
1971 4.96% 0.89%
1970 0.7% 0.52%
1969 0.3% 0.93%
1968 -0.06% 1.65%
1967 1.49% 1.23%
1966 0.99% 0.91%
1965 2.13% -1.29%
1964 1.79% -3.11%
1963 1.2% -1.61%
1962 -0.09% -4.86%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Denmark's government surplus, the difference between spending and revenue, was $13.2B, equivalent to 2.85% of GDP. This compares to Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 39 years, Denmark recorded a fiscal deficit in 15 of those years, while Romania ran a deficit in 35 years. On average, Denmark posted an annual surplus equal to 0.58% of GDP, compared to deficit of 3.19% of GDP for Romania.

Inflation comparison by year

Inflation
Denmark

Romania
1x
Year Consumer prices inflation
Denmark Romania
2025 1.89% 7.3%
2024 1.37% 5.6%
2023 3.31% 10.4%
2022 7.7% 13.8%
2021 1.85% 5%
2020 0.42% 2.6%
2019 0.76% 3.8%
2018 0.81% 4.6%
2017 1.15% 1.3%
2016 0.25% -1.6%
2015 0.45% -0.6%
2014 0.56% 1.1%
2013 0.79% 4%
2012 2.4% 3.3%
2011 2.76% 5.8%
2010 2.31% 6.1%
2009 1.3% 5.6%
2008 3.42% 7.8%
2007 1.69% 4.8%
2006 1.92% 6.6%
2005 1.82% 9%
2004 1.15% 11.9%
2003 2.08% 15.4%
2002 2.42% 22.5%
2001 2.34% 34.5%
2000 2.9% 45.7%
1999 2.5% 45.8%
1998 1.85% 59.1%
1997 2.18% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Denmark has recorded an average annual inflation rate of 1.94%, compared with 17.1% in Romania. In 2025, inflation was 1.89% in Denmark and 7.3% in Romania.

Top exports between countries

Denmark
Export category Export value
Transport & tourism services $234M
Machinery & equipment $221M
Business & finance services $83.8M
Animal & marine products $62.8M
Processed food, beverages & tobacco $54M
Chemicals & pharma $49.5M
IT & IP services $44.1M
Textiles & consumer goods $35.2M
Metals $31.9M
Manufacturing & construction services $12M
Romania
Export category Export value
Transport & tourism services $379M
Machinery & equipment $163M
Business & finance services $89.6M
IT & IP services $82.7M
Chemicals & pharma $81.7M
Metals $58.6M
Textiles & consumer goods $56M
Processed food, beverages & tobacco $48.3M
Manufacturing & construction services $14M
Wood & paper products $9.05M

Balance of trade

Denmark Romania
Current account balance
$51.8B
2024
-$33.9B
2025
Current account balance ranking
13/190
2024
186/190
2025
Current account balance, % of GDP
+12.2%
2024
-7.9%
2025
Goods imports
$132B
2024
$139B
2025
Goods exports
$172B
2024
$102B
2025
Service imports
$125B
2024
$35.9B
2025
Service exports
$129B
2024
$50.1B
2025
Imports of goods and services, % of GDP
59.1%
2025
40.7%
2025
Exports of goods and services, % of GDP
70.1%
2025
35.5%
2025

Economic freedom indices

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

Denmark Romania
Economic freedom 79 65.4
Economic freedom ranking 8/197 64/197
Property rights 99.9 81
Government integrity 98 50
Judicial effectiveness 89.3 67
Tax burden 43.4 89.1
Government spending 34.8 56.7
Fiscal health 98 21.4
Business freedom 90.4 74.4
Labor freedom 65 63.6
Monetary freedom 80.1 72.7
Trade freedom 79.4 79.4
Investment freedom 90 70
Financial freedom 80 60

Economic freedom comparison by year

Denmark
Romania
1x
Year Economic freedom index
Denmark Romania
2026 79 65.4
2025 79.1 66.5
2024 77.8 64.4
2023 77.6 64.5
2022 78 67.1
2021 77.8 69.5
2020 78.3 69.7
2019 76.7 68.6
2018 76.6 69.4
2017 75.1 69.7
2016 75.3 65.6
2015 76.3 66.6
2014 76.1 65.5
2013 76.1 65.1
2012 76.2 64.4
2011 78.6 64.7
2010 77.9 64.2
2009 79.6 63.2
2008 79.2 61.7
2007 77 61.2
2006 75.4 58.2
2005 75.3 52.1
2004 72.4 50
2003 73.2 50.6
2002 71.1 48.7
2001 68.3 50
2000 68.3 52.1
1999 68.1 50.1
1998 67.5 54.4
1997 67.5 50.8
1996 67.3 46.2
1995 - 42.9

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

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Romania
Services, % of GDP
62.7%
2025
61.7%
2025
Industry, % of GDP
24.8%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.17%
2025
3%
2025
GNI, Atlas method
$464B
2025
$384B
2025
GNI per capita, PPP
$85,460
2025
$49,550
2025
Total reserves including gold
$128B
2025
$90.6B
2025
Total reserves ranking
24/177
2025
31/177
2025
Net foreign direct investment
$12.5B
2024
-$8.57B
2025
Net inflows of foreign direct investment
$18.2B
2024
$7.16B
2024
Net outflows of foreign direct investment
$30.7B
2024
$1.99B
2024
Poverty at national poverty lines
12.4%
2021
19%
2023
Gross capital formation, % of GDP
22.1%
2025
25.9%
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/denmark/romania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1999, 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.