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Economy of Greece vs Morocco compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $161B for Morocco, ranking 53/197 and 58/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Greece vs Morocco GDP by year

Greece
Morocco
1x
Year GDP, current $
Greece Morocco
2024 $256,238,371,778 $160,610,994,055
2023 $242,946,187,738 $146,036,093,667
2022 $217,990,189,601 $131,245,312,804
2021 $218,303,801,895 $142,022,058,447
2020 $191,362,985,555 $121,353,645,057
2019 $207,305,649,887 $128,920,266,409
2018 $213,298,873,494 $127,341,147,582
2017 $200,381,103,984 $118,540,573,368
2016 $193,097,239,006 $111,572,947,005
2015 $194,567,373,678 $110,413,823,842
2014 $233,911,581,521 $119,130,841,412
2013 $236,556,279,641 $115,739,287,305
2012 $238,841,140,018 $106,937,392,311
2011 $283,228,079,776 $110,080,631,332
2010 $296,417,644,404 $100,865,329,473
2009 $326,829,054,686 $101,154,952,241
2008 $351,121,399,546 $101,822,906,949
2007 $314,226,996,944 $86,947,913,287
2006 $269,073,415,334 $75,883,823,301
2005 $242,315,668,619 $68,852,658,069
2004 $234,979,615,898 $66,114,145,451
2003 $196,930,509,813 $58,029,363,354
2002 $150,253,800,086 $47,077,192,188
2001 $132,050,474,720 $43,831,480,208
2000 $125,760,166,225 $43,017,455,402
1999 $137,131,371,955 $46,266,428,648
1998 $139,612,812,176 $46,497,608,725
1997 $138,766,067,640 $39,147,844,526
1996 $142,502,984,145 $43,161,571,528
1995 $134,974,613,914 $39,030,285,468
1994 $114,980,063,202 $35,604,137,423
1993 $107,295,704,518 $31,655,473,664
1992 $114,608,178,405 $33,711,069,431
1991 $103,680,863,713 $32,285,573,574
1990 $96,529,587,274 $30,179,954,775
1989 $78,067,933,277 $26,314,313,191
1988 $75,200,610,137 $25,705,296,184
1987 $64,739,630,096 $21,765,195,948
1986 $55,595,445,472 $19,462,085,540
1985 $47,155,741,426 $14,991,283,216
1984 $47,352,146,312 $14,824,667,954
1983 $48,741,397,059 $16,251,408,128
1982 $53,858,346,939 $17,692,276,734
1981 $51,618,456,335 $17,788,185,479
1980 $56,039,256,595 $21,728,516,153
1979 $53,724,121,435 $15,911,994,817
1978 $43,654,480,519 $13,236,946,234
1977 $35,673,080,481 $11,049,783,872
1976 $30,719,552,239 $9,584,297,284
1975 $28,129,128,587 $8,984,853,005
1974 $24,998,715,909 $7,675,466,449
1973 $22,037,019,563 $6,242,145,880
1972 $16,650,659,091 $5,074,117,545
1971 $14,388,806,818 $4,356,669,034
1970 $12,957,113,636 $3,956,336,244
1969 $11,454,106,327 $3,651,622,669
1968 $9,950,331,206 $3,271,422,333
1967 $9,146,592,856 $3,046,345,314
1966 $8,472,021,467 $2,876,401,297
1965 $7,582,209,670 $2,948,331,090
1964 $6,576,906,345 $2,798,345,299
1963 $5,813,285,627 $2,657,252,578
1962 $5,140,542,929 $2,379,611,125
1961 $4,892,397,431 $2,025,693,540
1960 $4,274,890,307 $2,037,154,742

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

GeoRank.org/economy/greece/morocco | CC BY

GDP per capita in Greece vs Morocco by year

Greece
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $4,218 $10,415
2023 $23,344 $42,711 $3,872 $9,895
2022 $20,887 $39,612 $3,516 $9,310
2021 $20,655 $33,531 $3,843 $8,623
2020 $17,887 $29,533 $3,317 $7,705
2019 $19,335 $31,927 $3,560 $8,046
2018 $19,873 $29,792 $3,553 $7,801
2017 $18,632 $28,682 $3,344 $8,115
2016 $17,919 $27,505 $3,186 $7,853
2015 $17,981 $26,608 $3,190 $7,799
2014 $21,475 $26,450 $3,483 $7,237
2013 $21,573 $25,731 $3,425 $7,542
2012 $21,624 $24,583 $3,206 $7,308
2011 $25,505 $25,693 $3,345 $7,274
2010 $26,653 $27,839 $3,107 $6,849
2009 $29,425 $29,963 $3,158 $6,629
2008 $31,696 $30,441 $3,222 $6,437
2007 $28,441 $28,896 $2,788 $6,058
2006 $24,416 $28,076 $2,466 $5,781
2005 $22,054 $25,004 $2,268 $5,275
2004 $21,449 $24,826 $2,207 $5,025
2003 $18,021 $23,253 $1,962 $4,741
2002 $13,782 $21,985 $1,612 $4,436
2001 $12,157 $20,304 $1,521 $4,269
2000 $11,638 $18,820 $1,513 $3,930
1999 $12,743 $17,758 $1,651 $3,801
1998 $13,023 $17,434 $1,683 $3,740
1997 $13,016 $16,630 $1,439 $3,502
1996 $13,433 $15,778 $1,610 $3,551
1995 $12,779 $15,218 $1,478 $3,152
1994 $10,937 $14,667 $1,369 $3,315
1993 $10,257 $14,150 $1,236 $2,979
1992 $11,021 $14,130 $1,337 $2,979
1991 $10,047 $13,824 $1,302 $3,025
1990 $9,467 $13,126 $1,238 $2,777
1989 $7,738 - $1,099 -
1988 $7,492 - $1,094 -
1987 $6,474 - $944 -
1986 $5,578 - $861 -
1985 $4,747 - $678 -
1984 $4,785 - $687 -
1983 $4,950 - $772 -
1982 $5,502 - $862 -
1981 $5,305 - $890 -
1980 $5,812 - $1,117 -
1979 $5,627 - $839 -
1978 $4,629 - $716 -
1977 $3,832 - $613 -
1976 $3,343 - $545 -
1975 $3,109 - $524 -
1974 $2,789 - $459 -
1973 $2,468 - $382 -
1972 $1,873 - $319 -
1971 $1,629 - $280.6 -
1970 $1,474 - $261.5 -
1969 $1,306 - $247.8 -
1968 $1,138 - $228 -
1967 $1,053 - $218.1 -
1966 $984 - $211.5 -
1965 $887 - $222.7 -
1964 $773 - $216.9 -
1963 $686 - $211.3 -
1962 $608 - $194.2 -
1961 $583 - $169.8 -
1960 $513 - $175.2 -

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

GeoRank.org/economy/greece/morocco | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Morocco ranks 132nd at $10,415.

Economic indicators

Greece Morocco
Gross domestic product
$256B
2024
$161B
2024
GDP rank
53/197
2024
58/197
2024
GDP growth
2.09%
2023-2024
3.79%
2023-2024
GDP per capita
$24,626
2024
$4,218
2024
GDP per capita rank
49/197
2024
127/197
2024
GDP per capita, PPP
$44,327
2024
$10,415
2024
GDP per capita PPP rank
52/197
2024
132/197
2024
Government debt
$397B
2024
$109B
2024
Debt-to-GDP ratio
154.8%
2024
67.7%
2024
Government debt per person
$38,119
2024
$2,857
2024
Government debt per person rank
16/185
2024
104/185
2024
Average annual personal income after taxes
$14,396
2026
$5,678
2026
Market capitalization of domestic companies
$83.2B
2024
$74.5B
2024
Number of billionaires
16
2025
3
2025
Income share by richest 10%
26%
2023
31.9%
2013
Income share by poorest 10%
2.7%
2023
2.7%
2013
Government expenditure, % of GDP
48%
2024
33%
2024
Consumer prices inflation
2.74%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
10%
2024
11.8%
2022
Population
10181414
38871720

Spending and national debt comparison by year

Greece
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Greece Morocco
Government spending Government debt Government spending Government debt
2024 48% 154.8% 33% 67.7%
2023 49.5% 165.2% 32% 68.7%
2022 52.8% 178.4% 33.7% 71.4%
2021 56.7% 197.8% 31% 69.4%
2020 59.3% 209.9% 34.1% 72.2%
2019 47.6% 183.7% 27.6% 60.3%
2018 48.6% 189.6% 27.8% 60.5%
2017 48.5% 182.6% 27.9% 60.3%
2016 50.3% 183.7% 28.6% 60.1%
2015 51.9% 180% 28.5% 58.4%
2014 51.5% 182.8% 30.7% 58.6%
2013 53% 180.5% 30.4% 57.1%
2012 54.9% 164.3% 32.5% 52.3%
2011 55.1% 175.1% 31.2% 48.6%
2010 53.1% 147.8% 28.7% 45.3%
2009 54.8% 128.5% 28.1% 42.6%
2008 51.5% 110.9% 28.3% 42%
2007 47.8% 104.6% 26.4% 47.1%
2006 45.9% 105.3% 26% 50.6%
2005 46.6% 109.9% 28.6% 54.8%
2004 48.8% 105.5% 24.5% 54.4%
2003 47.9% 104.3% 24.1% 56.9%
2002 47.1% 107.9% 25.8% 59.4%
2001 47.5% 110.5% 23.7% 60.4%
2000 48.2% 108.9% 22.8% 64.9%
1999 48% 102.8% 18.4% 63.4%
1998 46.7% 100.8% 18.7% 64.5%
1997 45.1% 102.6% 18.6% 68%
1996 46.1% 103.7% 17.6% 65.3%
1995 46.6% 100.4% 21.3% 72.2%
1994 36.9% 99.7% 21.7% 69.3%
1993 38.6% 101.7% 23.1% 74.7%
1992 36.9% 81.1% 22.3% 67%
1991 35.2% 75.7% 20.8% 59.1%
1990 38.5% 74.2% 22.6% 70.5%
1989 34.8% 60.7% - -
1988 33.8% 57.9% - -
1987 34% 53.2% - -
1986 33.8% 47.8% - -
1985 34.2% 47.3% - -
1984 32% 40.6% - -
1983 30.2% 34.1% - -
1982 28.7% 29.7% - -
1981 28.1% 27.1% - -
1980 24.5% 22.8% - -
1979 24.1% 22.7% - -
1978 30.1% 32.3% - -
1977 30.1% 24.5% - -
1976 29.1% 23.7% - -
1975 28.7% 24.1% - -
1974 25.3% 22.5% - -
1973 24.3% 22% - -
1972 26.8% 26.5% - -
1971 25.8% 25% - -
1970 25.2% 24.7% - -
1969 29.7% 25.8% - -
1968 26.3% 23% - -
1967 24.6% 21.1% - -
1966 22.8% 19% - -
1965 21.7% 16.5% - -
1964 20.4% 21.3% - -
1963 19.5% 22.6% - -
1962 19.7% 16.6% - -
1961 19.3% 14.4% - -
1960 20% 13.4% - -

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/greece/morocco | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 67.7% in Morocco, ranking 7/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Morocco
1x
Year Deficit/surplus, % of GDP
Greece Morocco
2024 1.34% -3.92%
2023 -1.35% -4.41%
2022 -2.46% -5.37%
2021 -7.58% -5.92%
2020 -10.3% -7.15%
2019 -0.09% -3.8%
2018 0.78% -3.52%
2017 1.05% -3.3%
2016 0.28% -4.49%
2015 -3.03% -4.59%
2014 -4.29% -4.78%
2013 -4.06% -4.7%
2012 -6.94% -6.63%
2011 -10.5% -6.08%
2010 -11.4% -3.93%
2009 -15.4% -1.63%
2008 -10.3% 0.63%
2007 -6.81% -0.12%
2006 -6.04% -1.8%
2005 -6.33% -5.46%
2004 -9.05% -3.31%
2003 -8.05% -3.74%
2002 -6.2% -4.37%
2001 -5.64% -3.79%
2000 -4.21% -1.97%
1999 -6.02% 3.21%
1998 -6.48% 1.47%
1997 -6.25% 1.5%
1996 -8.35% 0.87%
1995 -9.87% -2.54%
1994 -8.48% -2.51%
1993 -11.5% -2%
1992 -10.6% -1.84%
1991 -9.63% -0.9%
1990 -13.3% -1.32%
1989 -11.9% -
1988 -9.63% -
1987 -8.09% -
1986 -8.62% -
1985 -9.56% -
1984 -7.19% -
1983 -6.17% -
1982 -5.49% -
1981 -7.08% -
1980 -2.5% -
1979 -2.34% -
1978 -5.39% -
1977 -5.21% -
1976 -5.05% -
1975 -5.3% -
1974 -4.39% -
1973 -3.71% -
1972 -4.16% -
1971 -3.32% -
1970 -3.24% -
1969 -6.65% -
1968 -3.39% -
1967 -2.59% -
1966 -2.17% -
1965 -2.55% -
1964 -2.89% -
1963 -2.25% -
1962 -2.4% -
1961 -2.69% -
1960 -3.3% -
1959 -2.77% -
1958 -2.27% -
1957 -2.45% -
1956 -0.39% -
1955 -3.57% -
1954 -2.87% -
1953 -3.01% -
1952 -7.21% -
1951 -11.5% -
1950 -12.7% -
1949 -10.4% -
1948 -7.65% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 0.48% -
1938 1.78% -
1937 1.06% -
1936 0.95% -
1935 0.72% -
1934 0.88% -
1933 -2.79% -
1932 -1.78% -
1931 -4% -
1930 -2.23% -
1929 -18.7% -
1928 -0.27% -
1927 2.65% -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -8.96% -
1912 -7.43% -
1911 -4.61% -
1910 -1.53% -
1909 -2.64% -
1908 -1.54% -
1907 -1.23% -
1906 0.66% -
1905 0.91% -
1904 -0.04% -
1903 -0.22% -
1902 -1.67% -
1901 0.1% -
1900 0.41% -
1899 0.86% -
1898 -34.5% -
1897 -8.46% -
1896 0.82% -
1895 0.37% -
1894 2.91% -
1893 0.14% -
1892 -2.28% -
1891 -6.48% -
1890 -11.2% -
1889 -15.7% -
1888 -3.59% -
1887 -4.88% -
1886 -11.5% -
1885 -12.1% -
1884 -7.16% -
1883 -2.42% -
1882 -1.69% -
1881 -14.5% -
1880 -13.5% -

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/greece/morocco | CC BY

In 2024, Greece's government surplus, the difference between spending and revenue, was $3.43B, equivalent to 1.34% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Greece recorded a fiscal deficit in 31 of those years, while Morocco ran a deficit in 30 years. On average, Greece posted an annual deficit equal to 6.49% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Greece

Morocco
1x
Year Consumer prices inflation
Greece Morocco
2024 2.74% 0.99%
2023 3.46% 6.09%
2022 9.65% 6.66%
2021 1.22% 1.4%
2020 -1.25% 0.71%
2019 0.25% 0.3%
2018 0.63% 1.8%
2017 1.12% 0.75%
2016 -0.83% 1.64%
2015 -1.74% 1.56%
2014 -1.31% 0.44%
2013 -0.92% 1.88%
2012 1.5% 1.29%
2011 3.33% 0.91%
2010 4.71% 0.99%
2009 1.21% 0.97%
2008 4.15% 3.71%
2007 2.9% 2.04%
2006 3.2% 3.28%
2005 3.55% 0.98%
2004 2.9% 1.49%
2003 3.53% 1.17%
2002 3.63% 2.8%
2001 3.37% 0.62%
2000 3.15% 1.89%
1999 2.64% 0.68%
1998 4.77% 2.75%
1997 5.54% 1.04%

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

GeoRank.org/economy/greece/morocco | CC BY

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 1.82% in Morocco. In 2024, inflation was 2.74% in Greece and 0.99% in Morocco.

Top exports between countries

Greece
Export category Export value
Transport & tourism services $185M
Raw materials & minerals $179M
Metals $34.9M
Machinery & equipment $33.8M
Chemicals & pharma $21.1M
Wood & paper products $9.68M
Raw agricultural goods $4.26M
Processed food, beverages & tobacco $3.12M
Government & miscellaneous services $2.21M
Textiles & consumer goods $1.93M
Morocco
Export category Export value
Machinery & equipment $71.3M
Processed food, beverages & tobacco $31.7M
Animal & marine products $18.1M
Raw materials & minerals $7.28M
Metals $2.47M
Wood & paper products $1.3M
Textiles & consumer goods $450K
Raw agricultural goods $404K
Chemicals & pharma $96K
Precious metals & jewellery $10K

Balance of trade

Greece Morocco
Current account balance
-$18.2B
2024
-$1.87B
2024
Current account balance ranking
182/190
2024
141/190
2024
Current account balance, % of GDP
-7.11%
2024
-1.16%
2024
Goods imports
$91.2B
2024
$66.5B
2024
Goods exports
$52.6B
2024
$39.3B
2024
Service imports
$31.1B
2024
$14.3B
2024
Service exports
$55.8B
2024
$28.2B
2024
Imports of goods and services, % of GDP
47.7%
2024
50.2%
2024
Exports of goods and services, % of GDP
42.1%
2024
42%
2024

Economic freedom indices

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

Greece Morocco
Economic freedom 63.2 61.8
Economic freedom ranking 82/197 91/197
Property rights 78 55.2
Government integrity 54.8 35.6
Judicial effectiveness 68 32.5
Tax burden 59.9 65.5
Government spending 24.7 67.5
Fiscal health 78.9 57.5
Business freedom 77.8 72.1
Labor freedom 59.7 46.2
Monetary freedom 72.6 79.6
Trade freedom 79.4 69.8
Investment freedom 55 80
Financial freedom 50 80

Economic freedom comparison by year

Greece
Morocco
1x
Year Economic freedom index
Greece Morocco
2026 63.2 61.8
2025 60.6 60.3
2024 55.1 56.8
2023 56.9 58.4
2022 61.5 59.2
2021 60.9 63.3
2020 59.9 63.3
2019 57.7 62.9
2018 57.3 61.9
2017 55 61.5
2016 53.2 61.3
2015 54 60.1
2014 55.7 58.3
2013 55.4 59.6
2012 55.4 60.2
2011 60.3 59.6
2010 62.7 59.2
2009 60.8 57.7
2008 60.6 55.6
2007 58.7 56.4
2006 60.1 51.5
2005 59 52.2
2004 59.1 56.7
2003 58.8 57.8
2002 59.1 59
2001 63.4 63.9
2000 61 63.2
1999 61 63.8
1998 60.6 61.1
1997 59.6 64.7
1996 60.5 64.3
1995 61.2 62.8

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

GeoRank.org/economy/greece/morocco | CC BY

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Morocco
Services, % of GDP
68%
2024
52.7%
2024
Industry, % of GDP
15%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
10.6%
2024
GNI, Atlas method
$236B
2024
$149B
2024
GNI per capita, PPP
$43,340
2024
$10,260
2024
Total reserves including gold
$15.2B
2024
$37.1B
2024
Total reserves ranking
67/177
2024
52/177
2024
Net foreign direct investment
-$4.52B
2024
-$948M
2024
Net inflows of foreign direct investment
$6.74B
2024
$1.64B
2024
Net outflows of foreign direct investment
$2.22B
2024
$691M
2024
Servicing debt to the IMF, % of GNI n/a
5.63%
2024
Poverty at national poverty lines
18.8%
2021
3.9%
2022
Gross capital formation, % of GDP
18.3%
2024
30.1%
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/greece/morocco | 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)
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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.