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Economy of Germany vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.69T compared to $87.1B for Ivory Coast, ranking 3/197 and 77/197 by economy size, respectively.

Germany has $2.97T in government debt (63.5% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Germany vs Ivory Coast GDP by year

Germany
Ivory Coast
1x
Year GDP, current $
Germany Ivory Coast
2024 $4,685,592,577,805 $87,113,179,149
2023 $4,562,207,532,490 $80,780,312,569
2022 $4,201,021,706,479 $70,922,824,814
2021 $4,355,251,953,411 $72,794,636,654
2020 $3,941,398,957,074 $63,027,852,805
2019 $3,959,894,794,039 $60,382,894,697
2018 $4,055,433,215,302 $58,522,477,787
2017 $3,765,351,626,106 $52,512,343,997
2016 $3,536,787,895,179 $48,407,761,037
2015 $3,425,099,578,746 $45,815,005,169
2014 $3,964,870,735,761 $48,843,005,614
2013 $3,807,023,797,051 $42,760,235,485
2012 $3,596,483,233,406 $36,302,302,877
2011 $3,823,575,803,794 $36,693,710,801
2010 $3,467,093,769,667 $34,936,307,980
2009 $3,478,545,516,684 $33,886,813,250
2008 $3,808,197,720,125 $34,078,240,293
2007 $3,484,056,680,855 $28,760,090,953
2006 $3,046,308,753,671 $25,281,413,263
2005 $2,893,393,187,362 $24,036,918,703
2004 $2,852,317,768,062 $23,510,575,681
2003 $2,534,715,518,349 $21,251,754,340
2002 $2,102,350,798,306 $18,054,383,321
2001 $1,966,381,496,642 $16,810,537,044
2000 $1,966,980,701,145 $16,577,533,892
1999 $2,213,873,468,587 $18,870,992,456
1998 $2,247,760,364,566 $19,619,654,756
1997 $2,218,790,886,533 $18,047,558,038
1996 $2,506,576,553,158 $18,071,152,831
1995 $2,593,053,091,306 $11,000,146,267
1994 $2,215,282,632,277 $8,313,557,510
1993 $2,078,954,217,438 $11,045,760,288
1992 $2,141,377,582,968 $11,152,971,274
1991 $1,875,792,575,133 $10,492,628,581
1990 $1,778,162,195,860 $10,795,850,583
1989 $1,404,092,925,205 $9,757,410,645
1988 $1,406,367,016,372 $10,255,169,806
1987 $1,302,932,318,825 $10,087,654,465
1986 $1,050,092,624,516 $9,158,302,100
1985 $735,218,723,093 $6,977,650,644
1984 $727,767,760,979 $6,841,639,247
1983 $773,507,930,295 $6,838,184,773
1982 $779,421,633,755 $7,567,110,849
1981 $803,404,797,058 $8,432,589,942
1980 $953,772,499,462 $10,175,617,609
1979 $884,574,218,333 $9,142,933,967
1978 $743,182,891,918 $7,900,526,298
1977 $602,698,323,086 $6,265,068,189
1976 $521,658,712,133 $4,662,053,825
1975 $492,434,094,920 $3,893,839,190
1974 $446,934,971,657 $3,070,152,309
1973 $399,833,571,167 $2,508,421,426
1972 $300,899,944,795 $1,849,400,402
1971 $250,900,942,397 $1,584,128,509
1970 $216,629,229,947 $1,455,482,795
1969 $177,733,486,326 $1,361,360,293
1968 $156,527,292,653 $1,281,281,277
1967 $145,100,667,773 $1,082,922,725
1966 $143,304,275,684 $1,024,102,880
1965 $134,774,688,191 $919,771,229
1964 $123,330,404,665 $921,063,327
1963 $112,232,503,744 $761,047,198
1962 $105,895,435,234 $645,284,474
1961 $96,558,204,043 $618,245,634
1960 $84,619,845,881 $546,203,559

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

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

GDP per capita in Germany vs Ivory Coast by year

Germany
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $56,104 $73,552 $2,728 $7,669
2023 $54,777 $71,684 $2,592 $7,237
2022 $50,507 $69,049 $2,333 $6,719
2021 $52,349 $62,531 $2,456 $6,045
2020 $47,395 $58,686 $2,180 $5,544
2019 $47,656 $59,271 $2,142 $5,516
2018 $48,916 $56,273 $2,131 $4,946
2017 $45,554 $54,110 $1,964 $4,690
2016 $42,949 $51,570 $1,863 $4,531
2015 $41,930 $48,545 $1,815 $4,404
2014 $48,960 $47,939 $1,991 $4,074
2013 $47,207 $45,889 $1,786 $3,619
2012 $44,718 $44,229 $1,547 $3,291
2011 $47,631 $43,398 $1,597 $3,176
2010 $42,397 $39,726 $1,554 $3,361
2009 $42,472 $37,574 $1,540 $3,177
2008 $46,379 $38,444 $1,584 $3,116
2007 $42,351 $36,914 $1,368 $2,985
2006 $36,980 $34,741 $1,230 $2,942
2005 $35,084 $32,314 $1,198 $2,842
2004 $34,567 $31,753 $1,200 $2,794
2003 $30,711 $30,301 $1,111 $2,702
2002 $25,487 $29,514 $968 $2,851
2001 $23,878 $28,674 $925 $2,962
2000 $23,926 $27,474 $937 $3,041
1999 $26,965 $26,518 $1,096 $3,065
1998 $27,396 $25,446 $1,177 $3,086
1997 $27,047 $24,649 $1,125 $3,040
1996 $30,600 $24,169 $1,170 $2,832
1995 $31,747 $23,631 $740 $2,683
1994 $27,202 $22,869 $582 $2,551
1993 $25,617 $21,900 $804 $2,577
1992 $26,560 $21,746 $845 $2,625
1991 $23,443 $21,001 $827 $2,677
1990 $22,386 $19,468 $886 $2,693
1989 $17,829 - $833 -
1988 $17,997 - $910 -
1987 $16,739 - $930 -
1986 $13,511 - $877 -
1985 $9,464 - $695 -
1984 $9,347 - $709 -
1983 $9,900 - $737 -
1982 $9,950 - $849 -
1981 $10,246 - $986 -
1980 $12,183 - $1,238 -
1979 $11,322 - $1,157 -
1978 $9,517 - $1,039 -
1977 $7,711 - $856 -
1976 $6,659 - $661 -
1975 $6,259 - $575 -
1974 $5,660 - $474 -
1973 $5,065 - $406 -
1972 $3,824 - $313 -
1971 $3,204 - $280.3 -
1970 $2,771 - $269 -
1969 $2,281 - $262.2 -
1968 $2,025 - $256.8 -
1967 $1,886 - $225.6 -
1966 $1,871 - $221.8 -
1965 $1,774 - $207 -
1964 $1,637 - $215.5 -
1963 $1,502 - $185.1 -
1962 $1,431 - $163.1 -
1961 $1,316 - $162.3 -
1960 $1,162 - $148.7 -

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

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

Germany's GDP per capita is $56,104, ranking 19/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Germany Ivory Coast
Gross domestic product
$4.69T
2024
$87.1B
2024
GDP rank
3/197
2024
77/197
2024
GDP growth
-0.5%
2023-2024
6.02%
2023-2024
GDP per capita
$56,104
2024
$2,728
2024
GDP per capita rank
19/197
2024
142/197
2024
GDP per capita, PPP
$73,552
2024
$7,669
2024
GDP per capita PPP rank
20/197
2024
145/197
2024
Government debt
$2.97T
2024
$51.6B
2024
Debt-to-GDP ratio
63.5%
2024
59.3%
2024
Government debt per person
$35,606
2024
$1,616
2024
Government debt per person rank
21/185
2024
125/185
2024
Average annual personal income after taxes
$41,775
2026
$2,733
2026
Market capitalization of domestic companies
$2.04T
2024
$7.33B
2020
Number of millionaires
2,675,000
2025
n/a
Number of billionaires
171
2025
n/a
Income share by richest 10%
25%
2020
27.8%
2021
Income share by poorest 10%
2.9%
2020
3.1%
2021
Government expenditure, % of GDP
49.4%
2024
20.4%
2024
Consumer prices inflation
2.26%
2023-2024
3.45%
2023-2024
Unemployment rate
3.37%
2024
2.31%
2022
Population
82575542
33722528

Spending and national debt comparison by year

Germany
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Germany Ivory Coast
Government spending Government debt Government spending Government debt
2024 49.4% 63.5% 20.4% 59.3%
2023 48.1% 62.4% 21.3% 57.5%
2022 48.6% 64.4% 21.9% 56%
2021 50.7% 68% 20.5% 50.2%
2020 51.1% 68% 20.4% 46.3%
2019 45.5% 58.7% 17.2% 37.2%
2018 44.7% 60.8% 17.6% 35.3%
2017 44.5% 64% 18.1% 32.6%
2016 44.7% 68.3% 17.6% 31.1%
2015 44.5% 71.2% 16.5% 29.2%
2014 44.5% 74.5% 15.2% 26.7%
2013 45.2% 77.5% 15.9% 24.6%
2012 45.1% 79.8% 16.1% 24.7%
2011 45.3% 78.5% 13.2% 50%
2010 48.1% 81% 14.5% 45.6%
2009 48.3% 72.4% 14.4% 46.5%
2008 44.4% 65.2% 14.6% 51.2%
2007 43.5% 63.7% 14.8% 53.5%
2006 45.3% 66.4% 14.5% 57.5%
2005 46.9% 67.1% 13.6% 58.2%
2004 47% 65% 13.5% 56.7%
2003 48.5% 63.3% 12.7% 56.4%
2002 48.2% 59.8% 13.1% 63%
2001 47.7% 58.1% 11.4% 71.2%
2000 48.1% 59.2% 12.9% 74%
1999 48.5% 60.3% 13.7% 78%
1998 48.3% 59.4% 14.6% 75.2%
1997 48.8% 58.8% 15.2% 84.2%
1996 49.6% 57.7% - -
1995 55.2% 54.9% - -
1994 48.3% 47.5% - -
1993 48.3% 45.1% - -
1992 47.4% 41.4% - -
1991 46.5% 39% - -
1990 44.7% 40.7% - -
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

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

In 2024, Germany's government spending was $2.32T, accounting for 49.4% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 63.5% in Germany and 59.3% in Ivory Coast, ranking 72/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Germany Ivory Coast
2024 -2.66% -3.97%
2023 -2.49% -5.19%
2022 -1.91% -6.74%
2021 -3.17% -4.86%
2020 -4.38% -5.42%
2019 1.33% -2.22%
2018 1.88% -2.9%
2017 1.34% -3.27%
2016 1.13% -2.98%
2015 0.91% -2.04%
2014 0.73% -1.57%
2013 0.12% -1.62%
2012 -0.05% -2.28%
2011 -0.84% -2.89%
2010 -4.42% -1.34%
2009 -3.18% -1%
2008 -0.26% -0.21%
2007 0.15% -0.39%
2006 -1.76% -1.03%
2005 -3.37% -1.03%
2004 -3.42% -1.04%
2003 -3.83% -1.26%
2002 -4.09% -0.64%
2001 -3.12% 0.7%
2000 -1.71% -0.83%
1999 -1.87% -1.27%
1998 -2.65% -0.7%
1997 -3.03% -0.75%
1996 -3.64% -
1995 -9.44% -
1994 -2.54% -
1993 -3.11% -
1992 -2.63% -
1991 -3.21% -
1990 -1.94% -
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Germany's government deficit, the difference between spending and revenue, was $125B, equivalent to 2.66% of GDP. This compares to Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Germany recorded a fiscal deficit in 20 of those years, while Ivory Coast ran a deficit in 27 years. On average, Germany posted an annual deficit equal to 1.59% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Germany

Ivory Coast
1x
Year Consumer prices inflation
Germany Ivory Coast
2024 2.26% 3.45%
2023 5.95% 4.37%
2022 6.87% 5.23%
2021 3.07% 4.16%
2020 0.14% 2.41%
2019 1.45% 0.79%
2018 1.73% 0.4%
2017 1.51% 0.69%
2016 0.49% 0.72%
2015 0.51% 1.25%
2014 0.91% 0.45%
2013 1.5% 2.58%
2012 2.01% 1.3%
2011 2.08% 4.91%
2010 1.1% 1.23%
2009 0.31% 1.02%
2008 2.63% 6.31%
2007 2.3% 1.89%
2006 1.58% 2.47%
2005 1.55% 3.89%
2004 1.67% 1.46%
2003 1.03% 3.3%
2002 1.42% 3.08%
2001 1.98% 4.36%
2000 1.44% 2.53%
1999 0.59% 0.7%
1998 0.91% 4.61%
1997 1.94% 4.02%

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

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

Over the past 28 years, Germany has recorded an average annual inflation rate of 1.82%, compared with 2.63% in Ivory Coast. In 2024, inflation was 2.26% in Germany and 3.45% in Ivory Coast.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $175M
Processed food, beverages & tobacco $57.5M
Raw agricultural goods $39.4M
Chemicals & pharma $35.8M
Wood & paper products $20.1M
Metals $14.8M
Animal & marine products $13.6M
Raw materials & minerals $11.8M
Textiles & consumer goods $10.3M
Miscellaneous $10.2M
Ivory Coast
Export category Export value
Processed food, beverages & tobacco $623M
Raw materials & minerals $195M
Raw agricultural goods $48.3M
Machinery & equipment $26.8M
Wood & paper products $931K
Textiles & consumer goods $810K
Chemicals & pharma $325K
Metals $279K
Precious metals & jewellery $30K

Balance of trade

Germany Ivory Coast
Current account balance
$270B
2024
-$9.21B
2023
Current account balance ranking
2/190
2024
175/190
2023
Current account balance, % of GDP
+5.77%
2024
-11.4%
2023
Goods imports
$1.21T
2024
$15.4B
2023
Goods exports
$1.47T
2024
$17.1B
2023
Service imports
$548B
2024
$8.78B
2023
Service exports
$470B
2024
$1.5B
2023
Imports of goods and services, % of GDP
37.7%
2024
25.2%
2024
Exports of goods and services, % of GDP
41.4%
2024
26%
2024

Economic freedom indices

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

Germany Ivory Coast
Economic freedom 71.7 58.1
Economic freedom ranking 30/197 111/197
Property rights 95.5 43.9
Government integrity 84.5 39.3
Judicial effectiveness 94.6 30.2
Tax burden 60.5 81.6
Government spending 28.8 86.6
Fiscal health 83.1 48
Business freedom 79.8 68.3
Labor freedom 52.2 57.1
Monetary freedom 72.5 67.6
Trade freedom 79.4 74.4
Investment freedom 60 50
Financial freedom 70 50

Economic freedom comparison by year

Germany
Ivory Coast
1x
Year Economic freedom index
Germany Ivory Coast
2026 71.7 58.1
2025 71.6 57.8
2024 72.1 58.4
2023 73.7 60.4
2022 76.1 61.6
2021 72.5 61.7
2020 73.5 59.7
2019 73.5 62.4
2018 74.2 62
2017 73.8 63
2016 74.4 60
2015 73.8 58.5
2014 73.4 57.7
2013 72.8 54.1
2012 71 54.3
2011 71.8 55.4
2010 71.1 54.1
2009 70.5 55
2008 70.6 53.9
2007 70.8 54.9
2006 70.8 56.2
2005 68.1 56.6
2004 69.5 57.8
2003 69.7 56.7
2002 70.4 57.3
2001 69.5 54.8
2000 65.7 50.2
1999 65.6 51.7
1998 64.3 51.3
1997 67.5 50.5
1996 69.1 49.9
1995 69.8 53.4

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

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

The Economic Freedom Index for Germany is 71.7, ranking 30/197, 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

Germany Ivory Coast
Services, % of GDP
64%
2024
51.9%
2024
Industry, % of GDP
25.6%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
0.91%
2024
15.9%
2024
GNI, Atlas method
$4.6T
2024
$80.9B
2024
GNI per capita, PPP
$76,180
2024
$7,360
2024
Total reserves including gold
$378B
2024
n/a
Total reserves ranking
10/177
2024
n/a
Net foreign direct investment
$32.6B
2024
-$2B
2023
Net inflows of foreign direct investment
$47.6B
2024
$3.12B
2024
Net outflows of foreign direct investment
$80.2B
2024
$228M
2024
Servicing debt to the IMF, % of GNI n/a
6.44%
2024
Poverty at national poverty lines
14.8%
2021
37.5%
2021
Gross capital formation, % of GDP
21.5%
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/germany/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) | Fiscal Monitor (1991–2024, 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.