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Economy of El Salvador vs United States compared: GDP & Debt

Updated on by Georank team

El Salvador has a GDP of $35.4B compared to $28.8T for the United States, ranking 105/197 and 1/197 by economy size, respectively.

El Salvador has $30.9B in government debt (87.5% of GDP), compared to $35.2T (122.3% of GDP) in the United States.

El Salvador vs United States GDP by year

El Salvador
United States
1x
Year GDP, current $
El Salvador United States
2024 $35,364,960,000 $28,750,956,130,731
2023 $33,853,940,000 $27,292,170,793,214
2022 $31,870,120,000 $25,604,848,907,611
2021 $29,043,140,000 $23,315,080,560,000
2020 $24,921,190,000 $21,060,473,613,000
2019 $26,881,140,000 $21,380,976,119,000
2018 $26,020,850,000 $20,533,057,312,000
2017 $24,979,190,000 $19,477,336,549,000
2016 $24,191,430,000 $18,695,110,842,000
2015 $23,438,240,000 $18,206,020,741,000
2014 $22,593,470,000 $17,550,680,174,000
2013 $21,990,960,000 $16,843,190,993,000
2012 $21,386,150,000 $16,253,972,230,000
2011 $20,283,780,000 $15,599,728,123,000
2010 $18,447,920,000 $15,048,964,444,000
2009 $17,601,620,000 $14,478,064,934,000
2008 $17,986,890,000 $14,769,857,911,000
2007 $17,011,750,000 $14,474,226,905,000
2006 $15,999,890,000 $13,815,586,948,000
2005 $14,698,000,000 $13,039,199,193,000
2004 $13,724,810,900 $12,217,193,198,000
2003 $13,243,892,200 $11,456,442,041,000
2002 $12,664,190,300 $10,929,112,955,000
2001 $12,282,533,600 $10,581,929,774,000
2000 $11,784,927,700 $10,250,947,997,000
1999 $11,284,197,000 $9,631,174,489,000
1998 $10,936,669,900 $9,062,818,202,000
1997 $10,221,705,900 $8,577,554,457,000
1996 $9,586,327,800 $8,073,122,000,000
1995 $8,921,947,100 $7,639,749,000,000
1994 $7,679,384,000 $7,287,236,000,000
1993 $6,680,269,200 $6,858,559,000,000
1992 $5,813,399,300 $6,520,327,000,000
1991 $5,252,342,400 $6,158,129,000,000
1990 $4,817,542,204 $5,963,144,000,000
1989 $4,372,215,300 $5,641,580,000,000
1988 $4,189,880,000 $5,236,438,000,000
1987 $3,958,045,800 $4,855,215,000,000
1986 $3,771,663,200 $4,579,631,000,000
1985 $3,800,368,600 $4,338,979,000,000
1984 $3,661,683,400 $4,037,613,000,000
1983 $3,506,347,800 $3,634,038,000,000
1982 $3,399,189,100 $3,343,789,000,000
1981 $3,437,200,200 $3,207,041,000,000
1980 $3,573,959,900 $2,857,307,000,000
1979 $3,463,639,900 $2,627,333,000,000
1978 $3,127,960,000 $2,351,599,000,000
1977 $2,941,640,100 $2,081,826,000,000
1976 $2,328,280,100 $1,873,412,000,000
1975 $1,884,120,100 $1,684,904,000,000
1974 $1,665,880,000 $1,545,243,000,000
1973 $1,442,320,000 $1,425,376,000,000
1972 $1,263,720,000 $1,279,110,000,000
1971 $1,186,120,000 $1,164,850,000,000
1970 $1,132,920,000 $1,073,303,000,000
1969 $1,049,400,000 $1,017,438,172,414
1968 $1,009,760,100 $940,225,000,000
1967 $976,200,000 $859,620,034,483
1966 $929,520,000 $813,032,758,621
1965 $877,720,000 $741,904,862,069
1964 - $684,144,620,690
1963 - $637,058,551,724
1962 - $603,639,413,793
1961 - $561,940,310,345
1960 - $541,988,586,207

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

GeoRank.org/economy/el-salvador/united-states | CC BY

GDP per capita in El Salvador vs United States by year

El Salvador
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,580 $13,264 $84,534 $85,810
2023 $5,365 $12,680 $81,490 $82,305
2022 $5,075 $11,876 $76,829 $77,861
2021 $4,643 $10,810 $70,249 $71,307
2020 $3,997 $9,393 $63,526 $64,402
2019 $4,320 $9,757 $65,120 $65,228
2018 $4,184 $9,204 $62,823 $62,876
2017 $4,020 $8,965 $59,908 $60,048
2016 $3,901 $8,456 $57,867 $57,977
2015 $3,790 $7,934 $56,763 $56,849
2014 $3,666 $7,504 $55,124 $55,153
2013 $3,582 $7,093 $53,291 $53,297
2012 $3,498 $6,708 $51,784 $51,708
2011 $3,331 $6,594 $50,066 $50,025
2010 $3,040 $6,248 $48,651 $48,643
2009 $2,910 $6,063 $47,195 $47,195
2008 $2,983 $6,175 $48,570 $48,570
2007 $2,831 $5,949 $48,050 $48,050
2006 $2,666 $5,695 $46,302 $46,302
2005 $2,447 $5,292 $44,123 $44,123
2004 $2,286 $4,998 $41,725 $41,725
2003 $2,208 $4,829 $39,490 $39,490
2002 $2,115 $4,672 $37,998 $37,998
2001 $2,058 $4,543 $37,134 $37,134
2000 $1,983 $4,422 $36,330 $36,330
1999 $1,908 $4,298 $34,484 $34,515
1998 $1,860 $4,171 $32,823 $32,854
1997 $1,749 $4,043 $31,430 $31,459
1996 $1,651 $3,880 $29,937 $29,968
1995 $1,548 $3,808 $28,661 $28,691
1994 $1,344 $3,591 $27,662 $27,695
1993 $1,180 $3,390 $26,353 $26,387
1992 $1,041 $3,171 $25,381 $25,419
1991 $956 $2,945 $24,293 $24,342
1990 $892 $2,856 $23,840 $23,889
1989 $825 - $22,857 -
1988 $806 - $21,417 -
1987 $777 - $20,039 -
1986 $755 - $19,071 -
1985 $776 - $18,237 -
1984 $763 - $17,121 -
1983 $745 - $15,544 -
1982 $735 - $14,434 -
1981 $752 - $13,976 -
1980 $787 - $12,613 -
1979 $773 - $11,674 -
1978 $712 - $10,565 -
1977 $684 - $9,453 -
1976 $553 - $8,592 -
1975 $457 - $7,801 -
1974 $413 - $7,226 -
1973 $366 - $6,726 -
1972 $329 - $6,094 -
1971 $316 - $5,609 -
1970 $309 - $5,234 -
1969 $293.4 - $5,020 -
1968 $290.1 - $4,685 -
1967 $288.4 - $4,326 -
1966 $282.4 - $4,136 -
1965 $274.3 - $3,818 -
1964 - - $3,565 -
1963 - - $3,366 -
1962 - - $3,236 -
1961 - - $3,059 -
1960 - - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/el-salvador/united-states | CC BY

El Salvador's GDP per capita is $5,580, ranking 116/197, compared to $84,534 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while the United States ranks 12th at $85,810.

Economic indicators

El Salvador United States
Gross domestic product
$35.4B
2024
$28.8T
2024
GDP rank
105/197
2024
1/197
2024
GDP growth
2.6%
2023-2024
2.79%
2023-2024
GDP per capita
$5,580
2024
$84,534
2024
GDP per capita rank
116/197
2024
10/197
2024
GDP per capita, PPP
$13,264
2024
$85,810
2024
GDP per capita PPP rank
120/197
2024
12/197
2024
Government debt
$30.9B
2024
$35.2T
2024
Debt-to-GDP ratio
87.5%
2024
122.3%
2024
Government debt per person
$4,883
2024
$103,404
2024
Government debt per person rank
81/185
2024
2/185
2024
Average annual personal income after taxes
$4,768
2026
$53,202
2026
Market capitalization of domestic companies n/a
$62.2T
2024
Number of millionaires n/a
23,831,000
2025
Number of billionaires n/a
902
2025
Income share by richest 10%
29.7%
2023
30.4%
2023
Income share by poorest 10%
1.9%
2023
1.8%
2023
Government expenditure, % of GDP
31.4%
2024
37.9%
2024
Consumer prices inflation
0.85%
2023-2024
2.95%
2023-2024
Central bank interest rate n/a
3.75%
2025
Unemployment rate
2.71%
2024
4.02%
2024
Population
6399793
344023146

Spending and national debt comparison by year

El Salvador
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
El Salvador United States
Government spending Government debt Government spending Government debt
2024 31.4% 87.5% 37.9% 122.3%
2023 30.5% 85.1% 37.7% 119.8%
2022 28.7% 83.7% 36.8% 119.1%
2021 31.1% 88% 43.2% 125%
2020 32.7% 95.4% 44.7% 132.5%
2019 27.8% 77.9% 35.8% 108.8%
2018 27.6% 77% 35.3% 107.6%
2017 28.1% 77.1% 35.2% 106.4%
2016 27.5% 75.2% 35.3% 107.4%
2015 27.1% 73.5% 35% 105.4%
2014 27.6% 71.8% 35.3% 104.9%
2013 28.5% 69.7% 35.8% 105%
2012 27.4% 70% 37.2% 103.7%
2011 25.3% 65.6% 38.8% 100%
2010 25.6% 66.8% 39.8% 95.6%
2009 26% 65.8% 41.4% 87.1%
2008 24.5% 54.2% 37.1% 73.8%
2007 22.8% 52.2% 34.6% 64.9%
2006 23.4% 52.6% 33.7% 64.5%
2005 22.4% 46.3% 33.9% 65.8%
2004 21.5% 46.8% 33.7% 66.4%
2003 22.6% 46% 34% 59%
2002 22.5% 43.8% 33.7% 55.9%
2001 21.7% 37.8% 32.8% 53.5%
2000 21% 29.6% 31.7% 54.5%
1999 19.7% 28% 32.2% 60.5%
1998 19.3% 25.7% 32.8% 64.2%
1997 18.6% 27.8% 33.7% 67.4%
1996 21% 28.5% 34.7% 69.9%
1995 18.6% 28% 35.5% 70.7%
1994 18.9% 30.5% 35.5% 71.1%
1993 18.5% 31.9% 36.4% 71.9%
1992 20.8% 36.4% 36.7% 70.3%
1991 18.5% 43.3% 35.7% 67.9%
1990 15.9% - 34.5% 63.1%
1989 - - 33.7% 61.6%
1988 - - 33.7% 61.3%
1987 - - 34.3% 60.6%
1986 - - 34.8% 58.9%
1985 - - 34.5% 55.4%
1984 - - 34.3% 50.6%
1983 - - 35.7% 48.9%
1982 - - 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/united-states | CC BY

In 2024, El Salvador's government spending was $11.1B, accounting for 31.4% of its GDP, while the United States spent $10.9T, or 37.9% of GDP.

Debt-to-GDP ratio is 87.5% in El Salvador and 122.3% in the United States, ranking 36/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

United States
1x
Year Deficit/surplus, % of GDP
El Salvador United States
2024 -4.55% -8.03%
2023 -4.69% -7.8%
2022 -2.68% -3.72%
2021 -5.53% -11.4%
2020 -8.18% -14.1%
2019 -3.07% -5.81%
2018 -2.71% -5.33%
2017 -2.53% -4.79%
2016 -3.1% -4.36%
2015 -3.63% -3.53%
2014 -4.02% -4.03%
2013 -4.46% -4.56%
2012 -3.81% -8.11%
2011 -4.47% -9.72%
2010 -4.97% -11%
2009 -6.65% -13.2%
2008 -3.8% -6.61%
2007 -2.32% -2.91%
2006 -3.42% -2.04%
2005 -3.47% -3.07%
2004 -2.76% -4.24%
2003 -4.23% -4.77%
2002 -5.5% -3.82%
2001 -4.95% -0.54%
2000 -3.45% 3.62%
1999 -3.08% 2.71%
1998 -2.94% 2.18%
1997 -1.97% 0.88%
1996 -2.7% -0.46%
1995 -0.18% -1.7%
1994 -0.94% -2.05%
1993 -1.42% -3.35%
1992 -4.29% -3.98%
1991 -2.3% -2.72%
1990 -0.61% -1.64%
1989 - -0.8%
1988 - -1.06%
1987 - -1.53%
1986 - -2.81%
1985 - -2.63%
1984 - -2.97%
1983 - -4.26%
1982 - -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/united-states | CC BY

In 2024, El Salvador's government deficit, the difference between spending and revenue, was $1.61B, equivalent to 4.55% of GDP. This compares to the United States' deficit of $2.31T, or 8.03% of GDP.

Over the past 35 years, El Salvador recorded a fiscal deficit in 35 of those years, while the United States ran a deficit in 31 years. On average, El Salvador posted an annual deficit equal to 3.52% of GDP, compared to deficit of 4.4% of GDP for the United States.

Inflation comparison by year

Inflation
El Salvador

United States
1x
Year Consumer prices inflation
El Salvador United States
2024 0.85% 2.95%
2023 4.05% 4.12%
2022 7.2% 8%
2021 3.47% 4.7%
2020 -0.37% 1.23%
2019 0.08% 1.81%
2018 1.09% 2.44%
2017 1.01% 2.13%
2016 0.6% 1.26%
2015 -0.73% 0.12%
2014 1.14% 1.62%
2013 0.76% 1.46%
2012 1.73% 2.07%
2011 5.13% 3.16%
2010 1.18% 1.64%
2009 1.06% -0.36%
2008 6.71% 3.84%
2007 4.58% 2.85%
2006 4.04% 3.23%
2005 4.69% 3.39%
2004 4.45% 2.68%
2003 2.12% 2.27%
2002 1.87% 1.59%
2001 3.75% 2.83%
2000 2.27% 3.38%
1999 0.51% 2.19%
1998 2.55% 1.55%
1997 4.49% 2.34%

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

GeoRank.org/economy/el-salvador/united-states | CC BY

Over the past 28 years, El Salvador has recorded an average annual inflation rate of 2.51%, compared with 2.52% in the United States. In 2024, inflation was 0.85% in El Salvador and 2.95% in the United States.

Top exports between countries

El Salvador
Export category Export value
Textiles & consumer goods $1.46B
Processed food, beverages & tobacco $253M
Machinery & equipment $199M
Raw agricultural goods $91.2M
Chemicals & pharma $54M
Raw materials & minerals $48.8M
Metals $24.2M
Wood & paper products $15.5M
Animal & marine products $10.7M
Precious metals & jewellery $8.16M
United States
Export category Export value
Raw materials & minerals $1.69B
Transport & tourism services $1.18B
Machinery & equipment $940M
Textiles & consumer goods $471M
Processed food, beverages & tobacco $337M
Chemicals & pharma $292M
Raw agricultural goods $265M
Miscellaneous $233M
Business & finance services $159M
Manufacturing & construction services $148M

Balance of trade

El Salvador United States
Current account balance
-$633M
2024
-$1.19T
2024
Current account balance ranking
110/190
2024
190/190
2024
Current account balance, % of GDP
-1.79%
2024
-4.12%
2024
Goods imports
$15.1B
2024
$3.3T
2024
Goods exports
$5.59B
2024
$2.08T
2024
Service imports
$3.26B
2024
$841B
2024
Service exports
$6B
2024
$1.15T
2024
Imports of goods and services, % of GDP
51.9%
2024
14.3%
2024
Exports of goods and services, % of GDP
32.8%
2024
11.1%
2024

Economic freedom indices

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

El Salvador United States
Economic freedom 57.7 72.8
Economic freedom ranking 114/197 27/197
Property rights 42.7 91.6
Government integrity 31.5 77.1
Judicial effectiveness 15.3 76.4
Tax burden 76.8 75.3
Government spending 72.7 57.9
Fiscal health 59.4 18.5
Business freedom 65.7 88.6
Labor freedom 51.6 76.3
Monetary freedom 70.6 84.2
Trade freedom 76.4 67.6
Investment freedom 70 80
Financial freedom 60 80

Economic freedom comparison by year

El Salvador
United States
1x
Year Economic freedom index
El Salvador United States
2026 57.7 72.8
2025 56.6 70.2
2024 54.4 70.1
2023 56 70.6
2022 59.6 72.1
2021 61 74.8
2020 61.6 76.6
2019 61.8 76.8
2018 63.2 75.7
2017 64.1 75.1
2016 65.1 75.4
2015 65.7 76.2
2014 66.2 75.5
2013 66.7 76
2012 68.7 76.3
2011 68.8 77.8
2010 69.9 78
2009 69.8 80.7
2008 68.5 81
2007 68.9 81.2
2006 69.6 81.2
2005 71.5 79.9
2004 71.2 78.7
2003 71.5 78.2
2002 73 78.4
2001 73 79.1
2000 76.3 76.4
1999 75.1 75.5
1998 70.2 75.4
1997 70.5 75.6
1996 70.1 76.7
1995 69.1 76.7

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

GeoRank.org/economy/el-salvador/united-states | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

El Salvador United States
Services, % of GDP
61%
2024
79.7%
2024
Industry, % of GDP
22.4%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
4.38%
2024
0.85%
2024
GNI, Atlas method
$32.5B
2024
$28.4T
2024
GNI per capita, PPP
$12,420
2024
$85,980
2024
Total reserves including gold
$3.7B
2024
$910B
2024
Total reserves ranking
110/177
2024
3/177
2024
Net foreign direct investment
-$636M
2024
$25.1B
2024
Net inflows of foreign direct investment
$924M
2024
$297B
2024
Net outflows of foreign direct investment
$288M
2024
$322B
2024
Servicing debt to the IMF, % of GNI
35%
2024
n/a
Poverty at national poverty lines
27.2%
2023
15.1%
2020
Gross capital formation, % of GDP
20.3%
2024
21.8%
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/el-salvador/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  6. TradeMap (2019–2024, 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.