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Economy of Germany vs Nepal compared: GDP & Debt

Updated on by Georank

Germany has a GDP of $5.05T compared to $45.5B for Nepal, ranking 3/197 and 102/197 by economy size, respectively.

Germany has $3.18T in government debt (62.9% of GDP), compared to $21.9B (48.1% of GDP) in Nepal.

Germany vs Nepal GDP by year

Germany
Nepal
1x
Year GDP, current $
Germany Nepal
2025 $5,050,922,925,047 $45,489,810,283
2024 $4,685,592,577,805 $43,298,911,700
2023 $4,562,207,532,490 $41,049,329,851
2022 $4,201,021,706,479 $41,182,939,520
2021 $4,355,251,953,411 $36,924,841,394
2020 $3,941,398,957,074 $33,433,659,301
2019 $3,959,894,794,039 $34,186,180,699
2018 $4,055,433,215,302 $33,111,525,237
2017 $3,765,351,626,106 $28,971,588,940
2016 $3,536,787,895,179 $24,524,109,484
2015 $3,425,099,578,746 $24,360,801,287
2014 $3,964,870,735,761 $22,731,612,922
2013 $3,807,023,797,051 $22,162,204,925
2012 $3,596,483,233,406 $21,703,100,877
2011 $3,823,575,803,794 $21,573,872,421
2010 $3,467,093,769,667 $16,002,656,434
2009 $3,478,545,516,684 $12,854,985,464
2008 $3,808,197,720,125 $12,545,438,605
2007 $3,484,056,680,855 $10,325,618,017
2006 $3,046,308,753,671 $9,043,715,356
2005 $2,893,393,187,362 $8,130,258,378
2004 $2,852,317,768,062 $7,273,938,315
2003 $2,534,715,518,349 $6,330,473,097
2002 $2,102,350,798,306 $6,050,875,807
2001 $1,966,381,496,642 $6,007,055,042
2000 $1,966,980,701,145 $5,494,252,208
1999 $2,213,873,468,587 $5,033,642,384
1998 $2,247,760,364,566 $4,856,255,044
1997 $2,218,790,886,533 $4,918,691,917
1996 $2,506,576,553,158 $4,521,580,381
1995 $2,593,053,091,306 $4,401,104,418
1994 $2,215,282,632,277 $4,066,775,510
1993 $2,078,954,217,438 $3,660,041,667
1992 $2,141,377,582,968 $3,401,211,581
1991 $1,875,792,575,133 $3,921,476,085
1990 $1,778,162,195,860 $3,627,560,239
1989 $1,404,092,925,205 $3,525,225,787
1988 $1,406,367,016,372 $3,487,009,748
1987 $1,302,932,318,825 $2,957,255,380
1986 $1,050,092,624,516 $2,850,782,044
1985 $735,218,723,093 $2,619,913,956
1984 $727,767,760,979 $2,581,207,388
1983 $773,507,930,295 $2,447,174,803
1982 $779,421,633,755 $2,395,423,742
1981 $803,404,797,058 $2,275,583,317
1980 $953,772,499,462 $1,945,916,583
1979 $884,574,218,333 $1,851,250,008
1978 $743,182,891,918 $1,604,162,497
1977 $602,698,323,086 $1,382,400,000
1976 $521,658,712,133 $1,452,788,985
1975 $492,434,094,920 $1,575,789,254
1974 $446,934,971,657 $1,217,953,547
1973 $399,833,571,167 $972,101,725
1972 $300,899,944,795 $1,024,098,400
1971 $250,900,942,397 $882,765,472
1970 $216,629,229,947 $865,975,309
1969 $177,733,486,326 $788,641,965
1968 $156,527,292,653 $772,231,387
1967 $145,100,667,773 $841,974,025
1966 $143,304,275,684 $906,811,944
1965 $134,774,688,191 $735,267,082
1964 $123,330,404,665 $496,098,775
1963 $112,232,503,744 $496,947,904
1962 $105,895,435,234 $574,091,101
1961 $96,558,204,043 $531,959,562
1960 $84,619,845,881 $508,334,414

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

GeoRank.org/economy/germany/nepal | CC BY

GDP per capita in Germany vs Nepal by year

Germany
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,496 - $1,536 -
2024 $56,104 $73,552 $1,460 $5,737
2023 $54,777 $71,684 $1,382 $5,395
2022 $50,507 $69,049 $1,386 $5,103
2021 $52,349 $62,531 $1,253 $4,546
2020 $47,395 $58,686 $1,154 $4,236
2019 $47,656 $59,271 $1,203 $4,261
2018 $48,916 $56,273 $1,179 $3,956
2017 $45,554 $54,110 $1,034 $3,605
2016 $42,949 $51,570 $877 $2,976
2015 $41,930 $48,545 $876 $2,957
2014 $48,960 $47,939 $821 $2,901
2013 $47,207 $45,889 $803 $2,658
2012 $44,718 $44,229 $788 $2,466
2011 $47,631 $43,398 $786 $2,248
2010 $42,397 $39,726 $585 $2,139
2009 $42,472 $37,574 $473 $2,029
2008 $46,379 $38,444 $465 $1,942
2007 $42,351 $36,914 $385 $1,809
2006 $36,980 $34,741 $340 $1,718
2005 $35,084 $32,314 $309 $1,628
2004 $34,567 $31,753 $279.6 $1,542
2003 $30,711 $30,301 $246.4 $1,453
2002 $25,487 $29,514 $238.9 $1,390
2001 $23,878 $28,674 $240.8 $1,388
2000 $23,926 $27,474 $223.8 $1,317
1999 $26,965 $26,518 $208.6 $1,234
1998 $27,396 $25,446 $205.1 $1,187
1997 $27,047 $24,649 $211.8 $1,162
1996 $30,600 $24,169 $198.8 $1,110
1995 $31,747 $23,631 $197.8 $1,058
1994 $27,202 $22,869 $187.3 $1,026
1993 $25,617 $21,900 $172.8 $952
1992 $26,560 $21,746 $165 $920
1991 $23,443 $21,001 $195.7 $889
1990 $22,386 $19,468 $185.8 $830
1989 $17,829 - $185 -
1988 $17,997 - $187.1 -
1987 $16,739 - $162 -
1986 $13,511 - $159.5 -
1985 $9,464 - $149.9 -
1984 $9,347 - $151.1 -
1983 $9,900 - $146.6 -
1982 $9,950 - $147 -
1981 $10,246 - $142.9 -
1980 $12,183 - $125.1 -
1979 $11,322 - $121.9 -
1978 $9,517 - $108.1 -
1977 $7,711 - $95.3 -
1976 $6,659 - $102.5 -
1975 $6,259 - $113.6 -
1974 $5,660 - $89.8 -
1973 $5,065 - $73.2 -
1972 $3,824 - $78.8 -
1971 $3,204 - $69.5 -
1970 $2,771 - $69.6 -
1969 $2,281 - $64.8 -
1968 $2,025 - $64.9 -
1967 $1,886 - $72.3 -
1966 $1,871 - $79.5 -
1965 $1,774 - $65.8 -
1964 $1,637 - $45.3 -
1963 $1,502 - $46.3 -
1962 $1,431 - $54.6 -
1961 $1,316 - $51.6 -
1960 $1,162 - $50.2 -

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

GeoRank.org/economy/germany/nepal | CC BY

Germany's GDP per capita is $60,496, ranking 18/197, compared to $1,536 in Nepal, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Nepal ranks 155th at $5,737.

Economic indicators

Germany Nepal
Gross domestic product
$5.05T
2025
$45.5B
2025
GDP rank
3/197
2025
102/197
2025
GDP growth
0.24%
2024-2025
4.43%
2024-2025
GDP per capita
$60,496
2025
$1,536
2025
GDP per capita rank
18/197
2025
165/197
2025
GDP per capita, PPP
$73,552
2024
$5,737
2024
GDP per capita PPP rank
20/197
2024
155/197
2024
Government debt
$3.18T
2025
$21.9B
2025
Debt-to-GDP ratio
62.9%
2025
48.1%
2025
Government debt per person
$38,071
2025
$740
2025
Government debt per person rank
21/185
2025
154/185
2025
Average annual personal income after taxes
$40,352
2026
$1,743
2026
Market capitalization of domestic companies
$2.9T
2025
n/a
Number of millionaires
2,648,000
2026
n/a
Number of billionaires
212
2026
2
2026
Income share by richest 10%
26.2%
2022
24.2%
2022
Income share by poorest 10%
2.3%
2022
3.7%
2022
Government expenditure, % of GDP
50.5%
2025
21.8%
2025
Consumer prices inflation
2.17%
2024-2025
2.65%
2024-2025
Unemployment rate
3.8%
2025
10.7%
2017
Population
82830814
29619950

Spending and national debt comparison by year

Germany
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Germany Nepal
Government spending Government debt Government spending Government debt
2025 50.5% 62.9% 21.8% 48.1%
2024 49.4% 62.2% 21.8% 48.3%
2023 48.1% 62.3% 25.1% 47%
2022 48.6% 64.4% 26.1% 42.7%
2021 50.7% 67.9% 27.2% 43.3%
2020 51.1% 68% 28.5% 43.3%
2019 45.5% 58.7% 27.1% 34%
2018 44.7% 60.8% 28% 31.1%
2017 44.5% 64% 23.6% 25%
2016 44.7% 68.3% 19% 25%
2015 44.5% 71.2% 17.7% 25.7%
2014 44.5% 74.5% 16.6% 27.6%
2013 45.2% 77.5% 15.5% 31.9%
2012 45.1% 79.8% 16.8% 34.5%
2011 45.3% 78.5% 16.3% 32.4%
2010 48.1% 81% 16.5% 35.4%
2009 48.3% 72.4% 17% 39.5%
2008 44.4% 65.2% 13.4% 36.8%
2007 43.5% 63.7% 13.1% 37.9%
2006 45.3% 66.4% 11.2% 42.9%
2005 46.9% 67.1% 12% 45.1%
2004 47% 65% 11.8% 51.3%
2003 48.5% 63.3% 12% 53%
2002 48.2% 59.8% 13% 51.8%
2001 47.7% 58.1% 12.9% 50.8%
2000 48.1% 59.2% 11.4% 50.8%
1999 48.5% 60.3% - -
1998 48.3% 59.4% - -
1997 48.8% 58.8% - -
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 (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

GeoRank.org/economy/germany/nepal | CC BY

In 2025, Germany's government spending was $2.55T, accounting for 50.5% of its GDP, while Nepal spent $9.93B, or 21.8% of GDP.

Debt-to-GDP ratio is 62.9% in Germany and 48.1% in Nepal, ranking 70/185 and 110/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Nepal
1x
Year Deficit/surplus, % of GDP
Germany Nepal
2025 -2.67% -1.86%
2024 -2.66% -2.46%
2023 -2.49% -5.81%
2022 -1.91% -3.12%
2021 -3.17% -3.98%
2020 -4.38% -7.47%
2019 1.33% -4.27%
2018 1.88% -5.83%
2017 1.34% -2.69%
2016 1.13% 1.2%
2015 0.91% 0.46%
2014 0.73% 1.36%
2013 0.12% 1.57%
2012 -0.05% -1.18%
2011 -0.84% -0.72%
2010 -4.42% -0.67%
2009 -3.18% -2.24%
2008 -0.26% -0.29%
2007 0.15% -0.67%
2006 -1.76% 0.24%
2005 -3.37% 0.24%
2004 -3.42% -0.14%
2003 -3.83% -0.34%
2002 -4.09% -2.46%
2001 -3.12% -2.35%
2000 -1.71% -1.48%
1999 -1.87% -
1998 -2.65% -
1997 -3.03% -
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/nepal | CC BY

In 2025, Germany's government deficit, the difference between spending and revenue, was $135B, equivalent to 2.67% of GDP. This compares to Nepal's deficit of $845M, or 1.86% of GDP.

Over the past 26 years, Germany recorded a fiscal deficit in 18 of those years, while Nepal ran a deficit in 20 years. On average, Germany posted an annual deficit equal to 1.53% of GDP, compared to deficit of 1.73% of GDP for Nepal.

Inflation comparison by year

Inflation
Germany

Nepal
1x
Year Consumer prices inflation
Germany Nepal
2025 2.17% 2.65%
2024 2.26% 4.69%
2023 5.95% 7.12%
2022 6.87% 7.67%
2021 3.07% 4.13%
2020 0.14% 5.06%
2019 1.45% 5.57%
2018 1.73% 4.41%
2017 1.51% 2.78%
2016 0.49% 8.79%
2015 0.51% 7.87%
2014 0.91% 8.36%
2013 1.5% 9.04%
2012 2.01% 9.46%
2011 2.08% 9.23%
2010 1.1% 9.33%
2009 0.31% 11.1%
2008 2.63% 9.91%
2007 2.3% 2.27%
2006 1.58% 6.92%
2005 1.55% 6.84%
2004 1.67% 2.84%
2003 1.03% 5.71%
2002 1.42% 3.03%
2001 1.98% 2.69%
2000 1.44% 2.48%
1999 0.59% 7.45%
1998 0.91% 11.2%
1997 1.94% 4.01%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/nepal | CC BY

Over the past 29 years, Germany has recorded an average annual inflation rate of 1.83%, compared with 6.3% in Nepal. In 2025, inflation was 2.17% in Germany and 2.65% in Nepal.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $23.7M
Chemicals & pharma $7.58M
Miscellaneous $1.17M
Raw agricultural goods $851K
Processed food, beverages & tobacco $675K
Textiles & consumer goods $644K
Metals $535K
Raw materials & minerals $481K
Wood & paper products $189K
Animal & marine products $16K
Nepal
Export category Export value
Textiles & consumer goods $26.8M
Raw agricultural goods $2.62M
Precious metals & jewellery $1.82M
Wood & paper products $584K
Metals $523K
Machinery & equipment $191K
Chemicals & pharma $115K
Animal & marine products $44K
Processed food, beverages & tobacco $5K
Miscellaneous $1K

Balance of trade

Germany Nepal
Current account balance
$228B
2025
$1.68B
2024
Current account balance ranking
2/190
2025
47/190
2024
Current account balance, % of GDP
+4.51%
2025
+3.88%
2024
Goods imports
$1.32T
2025
$12.1B
2024
Goods exports
$1.53T
2025
$1.54B
2024
Service imports
$602B
2025
$2.27B
2024
Service exports
$518B
2025
$1.9B
2024
Imports of goods and services, % of GDP
38.1%
2025
33.7%
2025
Exports of goods and services, % of GDP
40.4%
2025
8.83%
2025

Economic freedom indices

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

Germany Nepal
Economic freedom 71.7 52.9
Economic freedom ranking 30/197 144/197
Property rights 95.5 38.8
Government integrity 84.5 38.9
Judicial effectiveness 94.6 42.9
Tax burden 60.5 84.3
Government spending 28.8 82.1
Fiscal health 83.1 71
Business freedom 79.8 60.8
Labor freedom 52.2 48.2
Monetary freedom 72.5 69.4
Trade freedom 79.4 58.6
Investment freedom 60 10
Financial freedom 70 30

Economic freedom comparison by year

Germany
Nepal
1x
Year Economic freedom index
Germany Nepal
2026 71.7 52.9
2025 71.6 52.5
2024 72.1 52.1
2023 73.7 51.4
2022 76.1 49.7
2021 72.5 50.7
2020 73.5 54.2
2019 73.5 53.8
2018 74.2 54.1
2017 73.8 55.1
2016 74.4 50.9
2015 73.8 51.3
2014 73.4 50.1
2013 72.8 50.4
2012 71 50.2
2011 71.8 50.1
2010 71.1 52.7
2009 70.5 53.2
2008 70.6 54.1
2007 70.8 54.4
2006 70.8 53.7
2005 68.1 51.4
2004 69.5 51.2
2003 69.7 51.5
2002 70.4 52.3
2001 69.5 51.6
2000 65.7 51.3
1999 65.6 53.1
1998 64.3 53.5
1997 67.5 53.6
1996 69.1 50.3
1995 69.8 -

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

GeoRank.org/economy/germany/nepal | CC BY

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Nepal
Services, % of GDP
64.5%
2025
54.4%
2025
Industry, % of GDP
25.2%
2025
12.1%
2025
Agriculture, forestry, and fishing, % of GDP
0.87%
2025
21.6%
2025
GNI, Atlas method
$5.03T
2025
$46.5B
2025
GNI per capita, PPP
$78,140
2025
$6,250
2025
Total reserves including gold
$572B
2025
$21.1B
2025
Total reserves ranking
7/177
2025
65/177
2025
Net foreign direct investment
$12.9B
2025
-$56.9M
2024
Net inflows of foreign direct investment
$62.6B
2024
$56.9M
2024
Net outflows of foreign direct investment
$87B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.22%
2024
Poverty at national poverty lines
14.8%
2021
20.3%
2022
Gross capital formation, % of GDP
21.9%
2025
29.4%
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/germany/nepal | 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 (1991–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, 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.

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.