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Economy of Finland vs Qatar compared: GDP & Debt

Updated on by Georank

Finland has a GDP of $317B compared to $216B for Qatar, ranking 48/197 and 56/197 by economy size, respectively.

Finland has $283B in government debt (89.3% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Finland vs Qatar GDP by year

Finland
Qatar
1x
Year GDP, current $
Finland Qatar
2025 $317,039,368,820 $215,559,615,385
2024 $298,729,432,712 $216,294,505,495
2023 $295,191,741,637 $213,002,809,341
2022 $280,253,099,309 $235,709,325,714
2021 $294,223,210,496 $179,732,009,560
2020 $270,000,311,606 $144,411,363,352
2019 $267,014,821,129 $176,371,267,692
2018 $273,869,255,596 $183,334,953,819
2017 $253,846,138,440 $161,099,122,225
2016 $238,777,818,793 $151,732,181,868
2015 $233,210,733,506 $161,739,955,577
2014 $273,478,528,955 $206,224,598,571
2013 $270,268,036,626 $198,727,642,967
2012 $257,443,384,493 $186,833,502,363
2011 $275,126,915,516 $167,775,274,725
2010 $249,429,613,683 $125,122,252,747
2009 $253,480,783,439 $97,798,351,648
2008 $285,698,662,071 $115,269,780,220
2007 $256,360,251,538 $79,711,813,187
2006 $217,044,068,234 $60,882,142,857
2005 $204,859,368,791 $44,530,494,505
2004 $197,458,297,640 $31,734,065,934
2003 $171,612,867,736 $23,533,791,209
2002 $140,360,963,812 $19,363,736,264
2001 $129,519,672,869 $17,538,461,538
2000 $125,967,821,111 $17,759,890,110
1999 $135,234,241,918 $12,393,131,868
1998 $133,990,876,725 $10,255,494,505
1997 $126,862,902,302 $11,297,802,198
1996 $131,991,975,149 $9,059,340,659
1995 $134,060,457,516 $8,137,912,088
1994 $103,182,697,780 $7,374,450,549
1993 $89,112,105,756 $7,156,593,407
1992 $112,537,828,511 $7,646,153,846
1991 $127,794,441,994 $6,883,516,484
1990 $141,446,120,355 $7,360,439,560
1989 $118,991,270,611 $6,487,912,088
1988 $109,039,090,263 $6,038,186,813
1987 $91,564,993,913 $5,446,428,571
1986 $73,511,611,541 $5,053,021,978
1985 $55,856,676,899 $6,153,296,703
1984 $52,870,993,273 $6,870,329,670
1983 $50,956,447,481 $6,484,890,110
1982 $52,784,013,815 $7,611,263,736
1981 $52,440,066,134 $8,672,527,473
1980 $53,649,984,061 $7,837,915,956
1979 $44,469,218,440 $5,632,962,997
1978 $36,259,392,058 $4,052,000,413
1977 $33,502,784,418 $3,617,564,638
1976 $31,852,352,670 $3,284,273,987
1975 $29,475,251,333 $2,512,773,166
1974 $24,851,036,710 $2,401,403,227
1973 $19,474,098,335 $793,885,560
1972 $14,744,499,570 $510,262,500
1971 $12,528,522,307 $387,703,106
1970 $11,358,529,162 $301,791,302
1969 $10,177,524,839 -
1968 $8,916,565,041 -
1967 $9,468,272,357 -
1966 $9,306,142,172 -
1965 $8,680,393,839 -
1964 $7,848,987,793 -
1963 $6,958,916,548 -
1962 $6,407,796,043 -
1961 $5,984,433,774 -
1960 $5,279,481,824 -

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

GeoRank.org/economy/finland/qatar | CC BY

GDP per capita in Finland vs Qatar by year

Finland
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Finland Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $56,149 - $72,525 -
2024 $53,156 $65,378 $75,685 $126,046
2023 $52,865 $63,415 $80,196 $129,368
2022 $50,441 $62,133 $88,701 $122,921
2021 $53,099 $56,790 $71,752 $116,833
2020 $48,829 $53,297 $51,684 $82,149
2019 $48,358 $52,276 $66,841 $107,503
2018 $49,654 $49,249 $71,040 $110,033
2017 $46,085 $47,235 $63,280 $99,358
2016 $43,451 $44,562 $61,254 $89,935
2015 $42,560 $42,258 $68,985 $102,546
2014 $50,074 $41,547 $95,841 $148,389
2013 $49,691 $41,326 $103,697 $169,203
2012 $47,552 $40,739 $108,470 $180,939
2011 $51,060 $40,846 $103,262 $174,620
2010 $46,506 $38,946 $77,387 $151,646
2009 $47,478 $37,988 $60,786 $125,898
2008 $53,769 $40,081 $80,781 $126,015
2007 $48,473 $37,843 $65,954 $124,056
2006 $41,214 $34,440 $62,582 $127,181
2005 $39,050 $32,048 $53,950 $115,250
2004 $37,768 $31,195 $41,036 $110,958
2003 $32,920 $29,043 $31,602 $94,120
2002 $26,989 $28,596 $27,227 $93,177
2001 $24,965 $27,798 $25,871 $89,805
2000 $24,336 $26,783 $27,535 $88,849
1999 $26,180 $24,762 $20,234 $84,690
1998 $26,000 $23,570 $17,665 $84,486
1997 $24,682 $21,787 $20,523 $79,219
1996 $25,757 $20,067 $17,125 $62,331
1995 $26,246 $19,568 $15,823 $60,321
1994 $20,278 $18,458 $14,765 $59,415
1993 $17,589 $17,458 $14,770 $59,125
1992 $22,320 $17,271 $16,280 $60,387
1991 $25,489 $17,563 $15,133 $54,759
1990 $28,366 $18,149 $16,722 $55,659
1989 $23,969 - $15,243 -
1988 $22,044 - $14,682 -
1987 $18,565 - $13,719 -
1986 $14,947 - $13,213 -
1985 $11,394 - $16,815 -
1984 $10,830 - $19,749 -
1983 $10,494 - $19,669 -
1982 $10,935 - $24,431 -
1981 $10,925 - $29,543 -
1980 $11,225 - $28,407 -
1979 $9,333 - $21,777 -
1978 $7,629 - $16,757 -
1977 $7,070 - $16,058 -
1976 $6,740 - $15,710 -
1975 $6,256 - $13,014 -
1974 $5,298 - $13,540 -
1973 $4,174 - $4,905 -
1972 $3,178 - $3,483 -
1971 $2,716 - $2,952 -
1970 $2,466 - $2,594 -
1969 $2,201 - - -
1968 $1,927 - - -
1967 $2,056 - - -
1966 $2,032 - - -
1965 $1,902 - - -
1964 $1,726 - - -
1963 $1,538 - - -
1962 $1,427 - - -
1961 $1,341 - - -
1960 $1,192 - - -

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

GeoRank.org/economy/finland/qatar | CC BY

Finland's GDP per capita is $56,149, ranking 22/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Finland ranks 27th at $65,378, while Qatar ranks 5th at $126,046.

Economic indicators

Finland Qatar
Gross domestic product
$317B
2025
$216B
2025
GDP rank
48/197
2025
56/197
2025
GDP growth
0.17%
2024-2025
2.9%
2024-2025
GDP per capita
$56,149
2025
$72,525
2025
GDP per capita rank
22/197
2025
13/197
2025
GDP per capita, PPP
$65,378
2024
$126,046
2024
GDP per capita PPP rank
27/197
2024
5/197
2024
Government debt
$283B
2025
$89.2B
2025
Debt-to-GDP ratio
89.3%
2025
41.4%
2025
Government debt per person
$50,138
2025
$30,009
2025
Government debt per person rank
11/185
2025
24/185
2025
Average annual personal income after taxes
$36,402
2026
$37,042
2026
Market capitalization of domestic companies
$20.3B
2004
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires
7
2026
2
2026
Income share by richest 10%
22.5%
2023
25.8%
2017
Income share by poorest 10%
3.7%
2023
2.6%
2017
Government expenditure, % of GDP
57.6%
2025
27.1%
2025
Consumer prices inflation
0.34%
2024-2025
0.6%
2024-2025
Central bank interest rate n/a
4.1%
2025
Unemployment rate
9.7%
2025
0.1%
2024
Population
5647947
3058826

Spending and national debt comparison by year

Finland
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Finland Qatar
Government spending Government debt Government spending Government debt
2025 57.6% 89.3% 27.1% 41.4%
2024 57.8% 82.4% 26% 41.3%
2023 56% 77% 26.7% 42.8%
2022 52.6% 74% 24.3% 42.6%
2021 55.2% 73.1% 29.4% 58.4%
2020 56.5% 75.3% 34.7% 72.6%
2019 52.6% 65.3% 32.5% 62.1%
2018 52.7% 65.3% 28.9% 52.2%
2017 52.8% 66.6% 34.7% 51.6%
2016 55.1% 68.6% 40.1% 46.7%
2015 55.7% 68.8% 38.6% 35.5%
2014 57.6% 64.8% 32.3% 24.9%
2013 57.1% 60.8% 28.3% 30.9%
2012 55.7% 57.9% 31% 32.1%
2011 53.8% 52% 28.5% 33.5%
2010 54% 50.1% 32% 30.4%
2009 54.1% 41.5% 36.4% 36%
2008 47.9% 32.6% 23.5% 11.4%
2007 46.7% 33.9% 29.5% 9.37%
2006 48.3% 38% 29.5% 13.9%
2005 49.2% 39.9% 29% 19.1%
2004 48.2% 42.6% 29.9% 30.1%
2003 48.3% 42.7% 28.5% 38.8%
2002 47.5% 40.1% 31.6% 47.7%
2001 46.2% 40.9% 32.1% 59.2%
2000 46.9% 42.4% 29.8% 51.6%
1999 49.9% 44% 42.4% 81.8%
1998 51.3% 46.8% 55.1% 76.6%
1997 54.9% 52.2% 47.6% 54.4%
1996 58.5% 55.4% 55.2% 57.8%
1995 60% 55.2% 52.2% 50.2%
1994 62.2% 56.2% 59.8% 54.8%
1993 63.7% 54.2% 62.8% 46.3%
1992 60.8% 39.3% 54.2% 19.9%
1991 55.8% 21.9% 57.5% 21.8%
1990 47.1% 13.9% 50% 12.6%
1989 44.4% 14.3% - -
1988 46.4% 16.5% - -
1987 47.8% 17.6% - -
1986 46.9% 16.4% - -
1985 46.3% 15.8% - -
1984 44.4% 15.2% - -
1983 44.4% 15.4% - -
1982 42.7% 13.9% - -
1981 41% 11.5% - -
1980 40.1% 10.9% - -
1979 40.3% 11% - -
1978 41.3% 10.7% - -
1977 41.7% 8.22% - -
1976 39.8% 7.09% - -
1975 38.6% 6.76% - -
1974 22.9% 2.97% - -
1973 21.8% 4.42% - -
1972 20.4% 6.46% - -
1971 22.8% 7.94% - -
1970 21.9% 9.19% - -
1969 22.2% 10.8% - -
1968 25.5% 13.9% - -
1967 23.5% 14.2% - -
1966 23.3% 13.7% - -
1965 23.2% 13% - -
1964 22.8% 12.5% - -
1963 21.6% 12.2% - -
1962 23.9% 10.3% - -
1961 22.7% 9.12% - -
1960 22.5% 9.96% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/finland/qatar | CC BY

In 2025, Finland's government spending was $183B, accounting for 57.6% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 89.3% in Finland and 41.4% in Qatar, ranking 31/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Finland

Qatar
1x
Year Deficit/surplus, % of GDP
Finland Qatar
2025 -3.88% -1%
2024 -4.4% 0.71%
2023 -2.89% 5.51%
2022 -0.18% 10.4%
2021 -2.69% 0.24%
2020 -5.53% -2.13%
2019 -0.93% 1%
2018 -0.87% 2.26%
2017 -0.63% -6.82%
2016 -1.7% -9.2%
2015 -2.43% 18.4%
2014 -2.99% 13.4%
2013 -2.52% 19.3%
2012 -2.15% 8.55%
2011 -1.01% 5.24%
2010 -2.57% 4.6%
2009 -2.48% 14.1%
2008 4.18% 9.49%
2007 5.12% 10.3%
2006 3.93% 8.39%
2005 2.59% 9.8%
2004 2.16% 17.7%
2003 2.34% 6.71%
2002 3.97% 7.89%
2001 4.89% 4.48%
2000 6.73% 4.62%
1999 1.6% -4.35%
1998 1.54% -7%
1997 -1.33% -9.4%
1996 -3.37% -8.73%
1995 -5.98% -5.78%
1994 -6.41% -11.8%
1993 -8.09% -9.53%
1992 -4.88% -2.74%
1991 0.3% -2.57%
1990 6.63% 3.23%
1989 6.73% -
1988 5.09% -
1987 1.63% -
1986 3.83% -
1985 3.33% -
1984 3.23% -
1983 1.52% -
1982 3.06% -
1981 5.11% -
1980 3.7% -
1979 3.41% -
1978 3.83% -
1977 6.27% -
1976 7.65% -
1975 4.96% -
1974 -0.03% -
1973 1.48% -
1972 -0.18% -
1971 0.15% -
1970 1.06% -
1969 0.94% -
1968 -1.69% -
1967 -0.26% -
1966 -1.08% -
1965 -1.67% -
1964 -1.35% -
1963 -2.5% -
1962 -2.37% -
1961 -3.03% -
1960 -0.52% -
1959 -0.12% -
1958 -1.73% -
1957 0.08% -
1956 -1.14% -
1955 -1% -
1954 -0.17% -
1953 0.02% -
1952 -1.24% -
1951 1.1% -
1950 -0.26% -
1949 -2.77% -
1948 1.88% -
1947 -5.99% -
1946 -15.3% -
1945 -6.35% -
1944 -21.5% -
1943 -14.2% -
1942 -16.4% -
1941 -35.8% -
1940 -36.9% -
1939 -9.76% -
1938 -1.48% -
1937 -4.44% -
1936 -3.75% -
1935 -3.81% -
1934 -2.81% -
1933 -1.63% -
1932 -2.61% -
1931 -2.32% -
1930 -1.94% -
1929 -0.78% -
1928 -2.07% -
1927 -0.32% -
1926 -2.9% -
1925 -2.92% -
1924 0.04% -
1923 -2.3% -
1922 0.62% -
1921 -2.59% -
1920 -2.6% -
1919 -7.49% -
1918 -11.4% -
1917 -1.27% -
1916 1.48% -
1915 -0.29% -
1914 -1.15% -
1913 -0.25% -
1912 0.33% -
1911 -0.14% -
1910 -0.3% -
1909 -2.64% -
1908 -1.92% -
1907 0.24% -
1906 0.86% -
1905 -1.28% -
1904 -1.63% -
1903 -0.3% -
1902 -1.74% -
1901 -2.13% -
1900 -0.52% -
1899 -1% -
1898 -4.55% -
1897 -0.37% -
1896 -0.56% -
1895 -1.21% -
1894 -0.62% -
1893 0% -
1892 0.82% -
1891 0.16% -
1890 0.17% -
1889 0.18% -
1888 -0.59% -
1887 -1.46% -
1886 0% -
1885 -1.2% -
1884 -0.2% -
1883 0% -
1882 0.2% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/finland/qatar | CC BY

In 2025, Finland's government deficit, the difference between spending and revenue, was $12.3B, equivalent to 3.88% of GDP. This compares to Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Finland recorded a fiscal deficit in 23 of those years, while Qatar ran a deficit in 13 years. On average, Finland posted an annual deficit equal to 0.67% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Finland

Qatar
1x
Year Consumer prices inflation
Finland Qatar
2025 0.34% 0.6%
2024 1.57% 1.2%
2023 6.25% 3.1%
2022 7.12% 5%
2021 2.19% 2.3%
2020 0.29% -2.5%
2019 1.02% -0.9%
2018 1.08% 0.1%
2017 0.75% 0.6%
2016 0.36% 2.7%
2015 -0.21% 0.9%
2014 1.04% 4.2%
2013 1.48% 3.1%
2012 2.81% 1.8%
2011 3.42% 2%
2010 1.18% -2.4%
2009 -0% -4.9%
2008 4.07% 15.1%
2007 2.51% 13.7%
2006 1.57% 11.7%
2005 0.62% 9%
2004 0.19% 6.8%
2003 0.88% 2.3%
2002 1.57% 0.2%
2001 2.58% 1.7%
2000 3.04% 1.6%
1999 1.16% 2.2%
1998 1.4% 2.9%
1997 1.19% 2.7%

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/finland/qatar | CC BY

Over the past 29 years, Finland has recorded an average annual inflation rate of 1.78%, compared with 2.99% in Qatar. In 2025, inflation was 0.34% in Finland and 0.6% in Qatar.

Top exports between countries

Finland
Export category Export value
Machinery & equipment $20.2M
Wood & paper products $2.79M
Textiles & consumer goods $1.59M
Metals $862K
Chemicals & pharma $695K
Processed food, beverages & tobacco $297K
Raw materials & minerals $142K
Precious metals & jewellery $33K
Weapons & explosives $27K
Raw agricultural goods $25K
Qatar
Export category Export value
Chemicals & pharma $63M
Machinery & equipment $318K
Metals $46K
Textiles & consumer goods $45K
Raw materials & minerals $31K

Balance of trade

Finland Qatar
Current account balance
$4.23B
2025
$31.9B
2025
Current account balance ranking
33/190
2025
17/190
2025
Current account balance, % of GDP
+1.34%
2025
+14.8%
2025
Goods imports
$81.3B
2025
$34.3B
2025
Goods exports
$90.7B
2025
$90B
2025
Service imports
$48.9B
2025
$31.3B
2025
Service exports
$43.6B
2025
$24.4B
2025
Imports of goods and services, % of GDP
41.1%
2025
31.6%
2022
Exports of goods and services, % of GDP
42.3%
2025
68.6%
2022

Economic freedom indices

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

Finland Qatar
Economic freedom 76.6 70.2
Economic freedom ranking 15/197 37/197
Property rights 99.9 66.2
Government integrity 95.4 53.5
Judicial effectiveness 96.4 41.5
Tax burden 68.4 99.9
Government spending 7.9 79.9
Fiscal health 76.3 96.6
Business freedom 85.3 68
Labor freedom 65.4 58.5
Monetary freedom 80.3 76
Trade freedom 79.4 81.8
Investment freedom 85 60
Financial freedom 80 60

Economic freedom comparison by year

Finland
Qatar
1x
Year Economic freedom index
Finland Qatar
2026 76.6 70.2
2025 77 70.2
2024 76.3 68.8
2023 77.1 68.6
2022 78.3 67.7
2021 76.1 72
2020 75.7 72.3
2019 74.9 72.6
2018 74.1 72.6
2017 74 73.1
2016 72.6 70.7
2015 73.4 70.8
2014 73.4 71.2
2013 74 71.3
2012 72.3 71.3
2011 74 70.5
2010 73.8 69
2009 74.5 65.8
2008 74.6 62.2
2007 74 62.9
2006 72.9 62.4
2005 71 63.5
2004 73.4 66.5
2003 73.7 65.9
2002 73.6 61.9
2001 69.7 60
2000 64.3 62
1999 63.9 62
1998 63.5 -
1997 65.2 -
1996 63.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/finland/qatar | CC BY

The Economic Freedom Index for Finland is 76.6, ranking 15/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Finland Qatar
Services, % of GDP
62.1%
2025
47%
2025
Industry, % of GDP
22.5%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
2.61%
2025
0.31%
2025
GNI, Atlas method
$312B
2025
$221B
2025
GNI per capita, PPP
$66,300
2025
$126,290
2025
Total reserves including gold
$22.5B
2025
$55.8B
2025
Total reserves ranking
64/177
2025
45/177
2025
Net foreign direct investment
$6.97B
2025
$311M
2025
Net inflows of foreign direct investment
$8.74B
2024
$460M
2024
Net outflows of foreign direct investment
$12.5B
2024
$1.56B
2024
Poverty at national poverty lines
12.2%
2022
n/a
Gross capital formation, % of GDP
21.9%
2025
30.6%
2022

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/finland/qatar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1882–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, 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.