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Economy of DR Congo vs Portugal compared: GDP & Debt

Updated on by Georank team

The DR Congo has a GDP of $71B compared to $313B for Portugal, ranking 87/197 and 46/197 by economy size, respectively.

The DR Congo has $16B in government debt (22.5% of GDP), compared to $297B (94.9% of GDP) in Portugal.

DR Congo vs Portugal GDP by year

DR Congo
Portugal
1x
Year GDP, current $
DR Congo Portugal
2024 $70,962,185,791 $313,271,185,085
2023 $69,843,655,425 $292,323,800,949
2022 $70,422,346,142 $256,898,677,175
2021 $59,067,289,574 $256,055,879,091
2020 $46,691,989,749 $229,618,773,423
2019 $46,845,900,350 $240,115,970,063
2018 $46,659,954,092 $242,092,894,543
2017 $37,537,521,566 $220,862,990,767
2016 $38,600,224,214 $206,305,431,242
2015 $40,179,574,490 $199,038,523,120
2014 $38,352,980,553 $230,078,616,300
2013 $34,891,189,160 $226,677,408,292
2012 $30,029,369,929 $216,536,676,772
2011 $26,392,379,642 $245,426,767,676
2010 $24,161,641,931 $238,443,864,993
2009 $18,607,259,481 $244,667,762,836
2008 $22,723,488,723 $263,416,394,624
2007 $18,374,807,773 $240,496,147,317
2006 $15,484,044,535 $208,756,449,276
2005 $12,609,728,573 $197,253,876,705
2004 $10,297,483,481 $189,382,122,532
2003 $8,937,567,060 $165,226,175,537
2002 $8,728,038,525 $134,795,565,549
2001 $7,438,189,100 $121,604,107,165
2000 $19,088,046,306 $118,605,192,877
1999 $4,711,259,427 $127,470,385,557
1998 $6,217,805,821 $123,946,327,916
1997 $6,090,838,693 $117,016,535,163
1996 $5,771,456,952 $122,630,089,680
1995 $5,643,439,376 $118,122,007,430
1994 $5,820,382,248 $99,688,641,304
1993 $10,706,259,937 $95,009,751,901
1992 $8,227,343,907 $107,592,098,307
1991 $9,625,436,873 $89,233,599,278
1990 $9,349,764,580 $78,713,860,217
1989 $9,021,862,775 $60,594,092,182
1988 $8,861,299,977 $56,347,250,696
1987 $7,661,625,473 $48,182,925,857
1986 $8,095,367,168 $38,745,901,354
1985 $7,195,042,616 $27,115,807,742
1984 $7,857,729,193 $25,217,969,050
1983 $11,006,712,650 $27,239,650,742
1982 $13,651,667,371 $30,527,754,793
1981 $12,537,821,038 $31,977,276,873
1980 $14,394,927,495 $32,896,519,824
1979 $15,068,422,236 $26,622,819,672
1978 $15,372,608,002 $23,487,614,051
1977 $12,344,424,764 $21,439,523,311
1976 $9,648,583,225 $20,332,831,565
1975 $10,237,343,174 $19,347,607,843
1974 $9,596,960,180 $17,512,391,476
1973 $7,870,239,461 $15,090,564,186
1972 $6,173,712,814 $11,239,117,865
1971 $5,594,770,359 $9,201,604,240
1970 $4,877,684,910 $8,108,235,704
1969 $5,032,434,970 $7,287,555,035
1968 $3,909,780,539 $6,644,693,214
1967 $3,384,063,372 $6,002,607,030
1966 $4,532,660,182 $5,370,108,031
1965 $4,043,901,818 $4,901,711,248
1964 $2,881,545,273 $4,429,202,657
1963 $6,213,185,743 $4,084,251,593
1962 $3,779,841,429 $3,835,883,663
1961 $3,086,746,857 $3,573,719,085
1960 $3,359,404,118 $3,339,150,158

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

GeoRank.org/economy/dr-congo/portugal | CC BY

GDP per capita in DR Congo vs Portugal by year

DR Congo
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
DR Congo Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $649 $1,821 $29,292 $51,680
2023 $660 $1,731 $27,635 $49,353
2022 $688 $1,590 $24,621 $45,250
2021 $596 $1,402 $24,711 $38,658
2020 $486 $1,089 $22,299 $35,967
2019 $504 $1,056 $23,343 $37,866
2018 $518 $1,049 $23,541 $34,897
2017 $431 $991 $21,442 $32,971
2016 $460 $950 $19,980 $31,589
2015 $496 $910 $19,216 $29,608
2014 $489 $859 $22,121 $28,765
2013 $460 $761 $21,676 $27,966
2012 $410 $648 $20,593 $26,476
2011 $373 $644 $23,247 $26,803
2010 $352 $606 $22,552 $27,292
2009 $280.2 $573 $23,151 $26,472
2008 $353 $584 $24,949 $26,666
2007 $294.1 $550 $22,811 $25,738
2006 $255.4 $508 $19,839 $24,677
2005 $214.5 $484 $18,780 $22,725
2004 $180.7 $456 $18,064 $21,476
2003 $161.5 $428 $15,798 $20,850
2002 $162.4 $410 $12,937 $20,357
2001 $142.7 $404 $11,735 $19,529
2000 $378 $417 $11,526 $18,883
1999 $96.3 $452 $12,475 $17,718
1998 $131.5 $481 $12,199 $16,688
1997 $132.3 $497 $11,576 $15,789
1996 $127.4 $526 $12,185 $14,922
1995 $127 $532 $11,781 $14,406
1994 $136.5 $540 $9,977 $13,578
1993 $263.3 $576 $9,535 $13,202
1992 $209.7 $674 $10,811 $13,182
1991 $253.8 $762 $8,959 $12,739
1990 $254.9 $832 $7,885 $11,780
1989 $254.2 - $6,056 -
1988 $257.7 - $5,624 -
1987 $230.1 - $4,804 -
1986 $250.9 - $3,862 -
1985 $230.1 - $2,705 -
1984 $259.8 - $2,523 -
1983 $376 - $2,735 -
1982 $482 - $3,080 -
1981 $456 - $3,246 -
1980 $539 - $3,368 -
1979 $582 - $2,756 -
1978 $615 - $2,457 -
1977 $509 - $2,267 -
1976 $408 - $2,173 -
1975 $445 - $2,128 -
1974 $428 - $2,000 -
1973 $361 - $1,748 -
1972 $290.5 - $1,302 -
1971 $270.3 - $1,065 -
1970 $242.2 - $934 -
1969 $257.1 - $832 -
1968 $205.6 - $752 -
1967 $183.3 - $676 -
1966 $252.8 - $601 -
1965 $232 - $545 -
1964 $169.9 - $490 -
1963 $376 - $452 -
1962 $235.1 - $426 -
1961 $197.1 - $400 -
1960 $220.1 - $377 -

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

GeoRank.org/economy/dr-congo/portugal | CC BY

The DR Congo's GDP per capita is $649, ranking 190/197, compared to $29,292 in Portugal, ranking 44/197. Adjusted for purchasing power (GDP per capita PPP), the DR Congo ranks 190th at $1,821, while Portugal ranks 42nd at $51,680.

Economic indicators

DR Congo Portugal
Gross domestic product
$71B
2024
$313B
2024
GDP rank
87/197
2024
46/197
2024
GDP growth
6.13%
2023-2024
2.14%
2023-2024
GDP per capita
$649
2024
$29,292
2024
GDP per capita rank
190/197
2024
44/197
2024
GDP per capita, PPP
$1,821
2024
$51,680
2024
GDP per capita PPP rank
190/197
2024
42/197
2024
Government debt
$16B
2024
$297B
2024
Debt-to-GDP ratio
22.5%
2024
94.9%
2024
Government debt per person
$146.4
2024
$27,807
2024
Government debt per person rank
183/185
2024
27/185
2024
Average annual personal income after taxes
$1,693
2026
$16,747
2026
Market capitalization of domestic companies n/a
$61.9B
2018
Number of millionaires n/a
171,797
2025
Number of billionaires n/a
1
2025
Income share by richest 10%
35.7%
2020
26.9%
2023
Income share by poorest 10%
2.1%
2020
2.7%
2023
Government expenditure, % of GDP
16.7%
2024
42.8%
2024
Consumer prices inflation
2.89%
2015-2016
2.42%
2023-2024
Central bank interest rate
17.5%
2025
n/a
Unemployment rate
1.47%
2020
6.43%
2024
Population
117507801
10667081

Spending and national debt comparison by year

DR Congo
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
DR Congo Portugal
Government spending Government debt Government spending Government debt
2024 16.7% 22.5% 42.8% 94.9%
2023 16.5% 27% 42.3% 97.7%
2022 18.3% 23.8% 43.9% 111.2%
2021 13.8% 25.3% 47.3% 123.9%
2020 12.1% 23.7% 49.1% 134.1%
2019 14% 19.4% 42.5% 116.1%
2018 11.9% 19.3% 43.3% 121.1%
2017 10.7% 23.2% 45.5% 126%
2016 14.3% 33% 44.9% 131.2%
2015 16% 25.5% 48.2% 131%
2014 13.7% 22.8% 51.7% 132.5%
2013 11.9% 23.8% 50% 130.8%
2012 13.4% 25.1% 48.8% 128.6%
2011 13.7% 29.3% 50% 114%
2010 15.4% 31.8% 51.9% 100.1%
2009 12.4% 91.6% 50.3% 87.8%
2008 10.1% 80.3% 45.5% 75.6%
2007 8.07% 85.1% 44.5% 72.7%
2006 7.47% 107.5% 45.1% 73.7%
2005 7.59% 112% 46.8% 72.2%
2004 7.18% 164.1% 46.1% 67.1%
2003 8.87% 114.5% 45.4% 63.9%
2002 4.17% 136% 44.2% 60%
2001 4.16% 185.4% 44.1% 57.4%
2000 2.49% 135% 42.8% 54.2%
1999 2.15% - 42.5% 55.4%
1998 2.78% - 42.6% 55.6%
1997 2.51% - 42.4% 58.7%
1996 2.17% - 43% 63.3%
1995 - - 42.6% 62.2%
1994 - - 42.8% 60.4%
1993 - - 46.5% 57.2%
1992 - - 48.2% 58.1%
1991 - - 45.9% 63.9%
1990 - - 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 - - 30.8% 35.2%
1978 - - 31.7% 31.4%
1977 - - 35.1% 26.9%
1976 - - 38.2% 24.5%
1975 - - 31.9% 19.2%
1974 - - 25.8% 13.5%
1973 - - 25.7% 13.6%
1972 - - 22.8% 14.5%
1971 - - 15.5% 15.7%
1970 - - 15.5% 16.5%
1969 - - 14.9% 16.8%
1968 - - 14.3% 17.2%
1967 - - 14.1% 18.5%
1966 - - 14.4% 20.2%
1965 - - 13.4% 20.4%
1964 - - 13.9% 21.9%
1963 - - 14.6% 20.8%
1962 - - 14.5% 18.7%
1961 - - 14.6% 17.1%
1960 - - 14.3% 16.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/dr-congo/portugal | CC BY

In 2024, the DR Congo's government spending was $11.9B, accounting for 16.7% of its GDP, while Portugal spent $134B, or 42.8% of GDP.

Debt-to-GDP ratio is 22.5% in the DR Congo and 94.9% in Portugal, ranking 172/185 and 27/185, respectively.

Government deficit by year

Deficit/surplus
DR Congo

Portugal
1x
Year Deficit/surplus, % of GDP
DR Congo Portugal
2024 -1.48% 0.7%
2023 -1.65% 1.21%
2022 -1.01% -0.31%
2021 -1.68% -2.83%
2020 -3.17% -5.75%
2019 -3.17% 0.12%
2018 -1.34% -0.43%
2017 -0.05% -3%
2016 -0.93% -1.94%
2015 -1.35% -4.37%
2014 3.73% -7.32%
2013 3.28% -5.21%
2012 1.71% -6.2%
2011 -0.94% -7.73%
2010 -0.95% -11.4%
2009 0.92% -9.87%
2008 -0.41% -3.81%
2007 1.12% -2.91%
2006 1.97% -4.07%
2005 1.3% -6.11%
2004 -0.17% -5.99%
2003 -3.92% -5.66%
2002 0.89% -3.73%
2001 -1.13% -4.73%
2000 -1.85% -3.35%
1999 -1.35% -2.99%
1998 -1.55% -4.3%
1997 -1.06% -3.65%
1996 -0.56% -4.63%
1995 - -5.14%
1994 - -7.37%
1993 - -8.06%
1992 - -5.19%
1991 - -7.93%
1990 - -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

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/dr-congo/portugal | CC BY

In 2024, the DR Congo's government deficit, the difference between spending and revenue, was $1.05B, equivalent to 1.48% of GDP. This compares to Portugal's surplus of $2.19B, or 0.7% of GDP.

Over the past 29 years, the DR Congo recorded a fiscal deficit in 21 of those years, while Portugal ran a deficit in 26 years. On average, the DR Congo posted an annual deficit equal to 0.51% of GDP, compared to deficit of 4.15% of GDP for Portugal.

Inflation comparison by year

Inflation
DR Congo

Portugal
1x
Year Consumer prices inflation
DR Congo Portugal
2024 - 2.42%
2023 - 4.31%
2022 - 7.83%
2021 - 1.27%
2020 - -0.01%
2019 - 0.34%
2018 - 0.99%
2017 - 1.37%
2016 2.89% 0.61%
2015 0.74% 0.49%
2014 1.24% -0.28%
2013 0.81% 0.27%
2012 9.72% 2.77%
2011 15.3% 3.65%
2010 7.1% 1.4%
2009 2.8% -0.84%
2008 17.3% 2.59%
2007 16.9% 2.45%
2006 13.1% 3.11%
2005 21.3% 2.28%
2004 3.99% 2.37%
2003 12.9% 3.22%
2002 31.5% 3.6%
2001 360% 4.37%
2000 514% 2.85%
1999 284.9% 2.34%
1998 29.1% 2.57%
1997 198.5% 2.34%

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

GeoRank.org/economy/dr-congo/portugal | CC BY

Over the past 20 years, the DR Congo has recorded an average annual inflation rate of 77.2%, compared with 2.11% in Portugal. In 2016, inflation was 2.89% in the DR Congo and 2.42% in Portugal.

Top exports between countries

DR Congo
Export category Export value
Wood & paper products $1.19M
Processed food, beverages & tobacco $1.08M
Raw agricultural goods $118K
Machinery & equipment $26K
Textiles & consumer goods $7K
Chemicals & pharma $3K
Precious metals & jewellery $2K
Portugal
Export category Export value
Raw agricultural goods $4.82M
Machinery & equipment $4.47M
Animal & marine products $2.3M
Wood & paper products $1.54M
Chemicals & pharma $773K
Raw materials & minerals $552K
Processed food, beverages & tobacco $404K
Metals $362K
Textiles & consumer goods $283K
Miscellaneous $66K

Balance of trade

DR Congo Portugal
Current account balance
-$2.72B
2024
$6.51B
2024
Current account balance ranking
153/190
2024
28/190
2024
Current account balance, % of GDP
-3.83%
2024
+2.08%
2024
Goods imports
$31B
2024
$109B
2024
Goods exports
$34.9B
2024
$81.4B
2024
Service imports
$6.14B
2024
$27.9B
2024
Service exports
$322M
2024
$62.7B
2024
Imports of goods and services, % of GDP
51.8%
2024
43.9%
2024
Exports of goods and services, % of GDP
48.8%
2024
45.8%
2024

Economic freedom indices

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

DR Congo Portugal
Economic freedom 47 71.2
Economic freedom ranking 176/197 33/197
Property rights 15.4 88.9
Government integrity 12.8 63.4
Judicial effectiveness 11.7 90.1
Tax burden 73.8 60.6
Government spending 91.2 44.6
Fiscal health 95.9 82
Business freedom 32.3 83.1
Labor freedom 54.2 54.8
Monetary freedom 58.6 77.7
Trade freedom 68.2 79.4
Investment freedom 30 70
Financial freedom 20 60

Economic freedom comparison by year

DR Congo
Portugal
1x
Year Economic freedom index
DR Congo Portugal
2026 47 71.2
2025 47.3 70.5
2024 47.6 68.7
2023 47.9 69.5
2022 47.6 70.8
2021 49 67.5
2020 49.5 67
2019 50.3 65.3
2018 52.1 63.4
2017 56.4 62.6
2016 46.4 65.1
2015 45 65.3
2014 40.6 63.5
2013 39.6 63.1
2012 41.1 63
2011 40.7 64
2010 41.4 64.4
2009 42.8 64.9
2008 - 63.9
2007 - 64
2006 - 62.9
2005 - 62.4
2004 - 64.9
2003 - 64.9
2002 - 65.4
2001 - 66
2000 34.8 65.5
1999 34 65.6
1998 40.6 65
1997 39.5 63.6
1996 39.5 64.5
1995 41.4 62.4

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

GeoRank.org/economy/dr-congo/portugal | CC BY

The Economic Freedom Index for the DR Congo is 47, ranking 176/197, compared to 71.2 for Portugal, ranking 33/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

DR Congo Portugal
Services, % of GDP
46.6%
2024
66.3%
2024
Industry, % of GDP
39.9%
2024
18.7%
2024
Agriculture, forestry, and fishing, % of GDP
9.64%
2024
2.02%
2024
GNI, Atlas method
$72.7B
2024
$288B
2024
GNI per capita, PPP
$1,760
2024
$50,730
2024
Total reserves including gold
$5.1B
2023
$42.4B
2024
Total reserves ranking
99/177
2023
48/177
2024
Net foreign direct investment
-$2.92B
2024
-$6.64B
2024
Net inflows of foreign direct investment
$2.92B
2024
$13.5B
2024
Net outflows of foreign direct investment
$198M
2024
$6.84B
2024
Servicing debt to the IMF, % of GNI
0.69%
2024
n/a
Poverty at national poverty lines
56.2%
2020
16.4%
2021
Gross capital formation, % of GDP
32.5%
2024
20.4%
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/dr-congo/portugal | 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 (1880–1989, 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.