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Economy of Greece vs Senegal compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $32.8B for Senegal, ranking 53/197 and 109/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Greece vs Senegal GDP by year

Greece
Senegal
1x
Year GDP, current $
Greece Senegal
2024 $256,238,371,778 $32,808,056,601
2023 $242,946,187,738 $30,696,331,296
2022 $217,990,189,601 $27,783,332,223
2021 $218,303,801,895 $27,520,784,130
2020 $191,362,985,555 $24,530,513,038
2019 $207,305,649,887 $23,403,995,992
2018 $213,298,873,494 $23,116,701,556
2017 $200,381,103,984 $20,996,562,944
2016 $193,097,239,006 $19,040,312,333
2015 $194,567,373,678 $17,774,766,696
2014 $233,911,581,521 $19,797,253,440
2013 $236,556,279,641 $18,918,667,725
2012 $238,841,140,018 $17,660,870,412
2011 $283,228,079,776 $17,814,283,639
2010 $296,417,644,404 $16,121,315,909
2009 $326,829,054,686 $16,145,867,495
2008 $351,121,399,546 $16,853,989,628
2007 $314,226,996,944 $13,994,218,413
2006 $269,073,415,334 $11,697,918,243
2005 $242,315,668,619 $11,009,033,438
2004 $234,979,615,898 $10,076,816,667
2003 $196,930,509,813 $8,768,721,563
2002 $150,253,800,086 $7,006,402,320
2001 $132,050,474,720 $6,507,824,829
2000 $125,760,166,225 $6,013,185,004
1999 $137,131,371,955 $6,592,834,933
1998 $139,612,812,176 $6,505,607,909
1997 $138,766,067,640 $6,041,478,726
1996 $142,502,984,145 $6,559,712,166
1995 $134,974,613,914 $6,326,342,633
1994 $114,980,063,202 $5,034,588,196
1993 $107,295,704,518 $7,367,986,241
1992 $114,608,178,405 $7,769,817,840
1991 $103,680,863,713 $7,255,210,470
1990 $96,529,587,274 $7,390,967,360
1989 $78,067,933,277 $6,366,039,373
1988 $75,200,610,137 $6,418,419,389
1987 $64,739,630,096 $6,487,353,103
1986 $55,595,445,472 $5,392,093,446
1985 $47,155,741,426 $3,818,944,918
1984 $47,352,146,312 $3,485,165,432
1983 $48,741,397,059 $3,569,356,125
1982 $53,858,346,939 $4,013,951,443
1981 $51,618,456,335 $4,095,892,781
1980 $56,039,256,595 $4,510,108,291
1979 $53,724,121,435 $4,084,877,823
1978 $43,654,480,519 $3,280,354,921
1977 $35,673,080,481 $2,938,046,463
1976 $30,719,552,239 $2,869,777,884
1975 $28,129,128,587 $2,830,388,405
1974 $24,998,715,909 $2,099,325,229
1973 $22,037,019,563 $1,863,398,590
1972 $16,650,659,091 $1,620,857,104
1971 $14,388,806,818 $1,339,549,033
1970 $12,957,113,636 $1,297,407,655
1969 $11,454,106,327 $1,245,234,931
1968 $9,950,331,206 $1,309,384,862
1967 $9,146,592,856 $1,246,480,766
1966 $8,472,021,467 $1,246,908,186
1965 $7,582,209,670 $1,210,058,228
1964 $6,576,906,345 $1,188,930,645
1963 $5,813,285,627 $1,122,139,862
1962 $5,140,542,929 $1,085,475,791
1961 $4,892,397,431 $1,058,975,257
1960 $4,274,890,307 $1,003,692,370

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

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

GDP per capita in Greece vs Senegal by year

Greece
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $1,773 $5,071
2023 $23,344 $42,711 $1,698 $4,778
2022 $20,887 $39,612 $1,574 $4,530
2021 $20,655 $33,531 $1,598 $4,174
2020 $17,887 $29,533 $1,461 $3,753
2019 $19,335 $31,927 $1,431 $3,648
2018 $19,873 $29,792 $1,453 $3,380
2017 $18,632 $28,682 $1,357 $3,234
2016 $17,919 $27,505 $1,266 $3,101
2015 $17,981 $26,608 $1,218 $2,994
2014 $21,475 $26,450 $1,399 $2,854
2013 $21,573 $25,731 $1,380 $2,769
2012 $21,624 $24,583 $1,327 $2,764
2011 $25,505 $25,693 $1,375 $2,685
2010 $26,653 $27,839 $1,276 $2,663
2009 $29,425 $29,963 $1,309 $2,606
2008 $31,696 $30,441 $1,399 $2,581
2007 $28,441 $28,896 $1,189 $2,499
2006 $24,416 $28,076 $1,017 $2,422
2005 $22,054 $25,004 $980 $2,350
2004 $21,449 $24,826 $918 $2,236
2003 $18,021 $23,253 $818 $2,131
2002 $13,782 $21,985 $669 $2,027
2001 $12,157 $20,304 $637 $2,044
2000 $11,638 $18,820 $603 $1,963
1999 $12,743 $17,758 $678 $1,893
1998 $13,023 $17,434 $685 $1,798
1997 $13,016 $16,630 $651 $1,719
1996 $13,433 $15,778 $723 $1,679
1995 $12,779 $15,218 $715 $1,656
1994 $10,937 $14,667 $584 $1,578
1993 $10,257 $14,150 $878 $1,588
1992 $11,021 $14,130 $951 $1,573
1991 $10,047 $13,824 $913 $1,561
1990 $9,467 $13,126 $957 $1,513
1989 $7,738 - $849 -
1988 $7,492 - $880 -
1987 $6,474 - $916 -
1986 $5,578 - $784 -
1985 $4,747 - $571 -
1984 $4,785 - $536 -
1983 $4,950 - $564 -
1982 $5,502 - $652 -
1981 $5,305 - $683 -
1980 $5,812 - $772 -
1979 $5,627 - $716 -
1978 $4,629 - $589 -
1977 $3,832 - $540 -
1976 $3,343 - $541 -
1975 $3,109 - $547 -
1974 $2,789 - $417 -
1973 $2,468 - $381 -
1972 $1,873 - $342 -
1971 $1,629 - $291.1 -
1970 $1,474 - $290.5 -
1969 $1,306 - $287.3 -
1968 $1,138 - $311 -
1967 $1,053 - $305 -
1966 $984 - $315 -
1965 $887 - $314 -
1964 $773 - $318 -
1963 $686 - $309 -
1962 $608 - $307 -
1961 $583 - $308 -
1960 $513 - $300 -

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

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

Greece's GDP per capita is $24,626, ranking 49/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Senegal ranks 158th at $5,071.

Economic indicators

Greece Senegal
Gross domestic product
$256B
2024
$32.8B
2024
GDP rank
53/197
2024
109/197
2024
GDP growth
2.09%
2023-2024
6.06%
2023-2024
GDP per capita
$24,626
2024
$1,773
2024
GDP per capita rank
49/197
2024
159/197
2024
GDP per capita, PPP
$44,327
2024
$5,071
2024
GDP per capita PPP rank
52/197
2024
158/197
2024
Government debt
$397B
2024
$42.1B
2024
Debt-to-GDP ratio
154.8%
2024
128.4%
2024
Government debt per person
$38,119
2024
$2,277
2024
Government debt per person rank
16/185
2024
115/185
2024
Average annual personal income after taxes
$14,396
2026
$2,194
2026
Market capitalization of domestic companies
$83.2B
2024
n/a
Number of billionaires
16
2025
n/a
Income share by richest 10%
26%
2023
28.8%
2021
Income share by poorest 10%
2.7%
2023
3%
2021
Government expenditure, % of GDP
48%
2024
33.5%
2024
Consumer prices inflation
2.74%
2023-2024
0.8%
2023-2024
Unemployment rate
10%
2024
5.78%
2024
Population
10181414
19491599

Spending and national debt comparison by year

Greece
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Greece Senegal
Government spending Government debt Government spending Government debt
2024 48% 154.8% 33.5% 128.4%
2023 49.5% 165.2% 35.5% 118.4%
2022 52.8% 178.4% 36.2% 105%
2021 56.7% 197.8% 33.6% 98.6%
2020 59.3% 209.9% 29.6% 90.2%
2019 47.6% 183.7% 34.3% 81.5%
2018 48.6% 189.6% 22.6% 61.5%
2017 48.5% 182.6% 22.5% 61.1%
2016 50.3% 183.7% 24% 47.5%
2015 51.9% 180% 22.9% 44.5%
2014 51.5% 182.8% 23.1% 42.4%
2013 53% 180.5% 22.1% 36.9%
2012 54.9% 164.3% 23% 34.5%
2011 55.1% 175.1% 23.3% 32.9%
2010 53.1% 147.8% 21.7% 34.6%
2009 54.8% 128.5% 21.1% 29.9%
2008 51.5% 110.9% 20.9% 19.1%
2007 47.8% 104.6% 22.2% 19%
2006 45.9% 105.3% 21.3% 17.5%
2005 46.6% 109.9% 18.7% 36.1%
2004 48.8% 105.5% 18.1% 38%
2003 47.9% 104.3% 17.1% 42.9%
2002 47.1% 107.9% 15.5% 52%
2001 47.5% 110.5% 15.7% 53.2%
2000 48.2% 108.9% 14% 57.5%
1999 48% 102.8% 14.6% 15%
1998 46.7% 100.8% 13.5% 18.8%
1997 45.1% 102.6% 14.1% 67.8%
1996 46.1% 103.7% 15.4% 0.07%
1995 46.6% 100.4% 14.4% 65.3%
1994 36.9% 99.7% 15.9% 77.3%
1993 38.6% 101.7% - -
1992 36.9% 81.1% - -
1991 35.2% 75.7% - -
1990 38.5% 74.2% - -
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 (1960–1995, retrieved 2026-02-20).

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

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 128.4% in Senegal, ranking 7/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Senegal
1x
Year Deficit/surplus, % of GDP
Greece Senegal
2024 1.34% -13.4%
2023 -1.35% -14.8%
2022 -2.46% -16.1%
2021 -7.58% -13.7%
2020 -10.3% -9.64%
2019 -0.09% -13.9%
2018 0.78% -3.66%
2017 1.05% -2.97%
2016 0.28% -3.27%
2015 -3.03% -3.66%
2014 -4.29% -3.9%
2013 -4.06% -4.34%
2012 -6.94% -4.18%
2011 -10.5% -4.92%
2010 -11.4% -3.94%
2009 -15.4% -3.66%
2008 -10.3% -3.53%
2007 -6.81% -2.8%
2006 -6.04% -3.67%
2005 -6.33% -0.26%
2004 -9.05% 0.18%
2003 -8.05% -0.52%
2002 -6.2% 0.19%
2001 -5.64% -1.44%
2000 -4.21% 0.78%
1999 -6.02% -0.62%
1998 -6.48% 0.93%
1997 -6.25% 0.98%
1996 -8.35% 0.92%
1995 -9.87% 2.41%
1994 -8.48% 5.9%
1993 -11.5% -
1992 -10.6% -
1991 -9.63% -
1990 -13.3% -
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/senegal | 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 Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Greece recorded a fiscal deficit in 27 of those years, while Senegal ran a deficit in 23 years. On average, Greece posted an annual deficit equal to 5.88% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Greece

Senegal
1x
Year Consumer prices inflation
Greece Senegal
2024 2.74% 0.8%
2023 3.46% 5.94%
2022 9.65% 9.7%
2021 1.22% 2.18%
2020 -1.25% 2.54%
2019 0.25% 1.76%
2018 0.63% 0.46%
2017 1.12% 1.32%
2016 -0.83% 0.84%
2015 -1.74% 0.14%
2014 -1.31% -1.09%
2013 -0.92% 0.71%
2012 1.5% 1.42%
2011 3.33% 3.4%
2010 4.71% 1.23%
2009 1.21% -2.25%
2008 4.15% 7.35%
2007 2.9% 5.85%
2006 3.2% 2.11%
2005 3.55% 1.71%
2004 2.9% 0.51%
2003 3.53% -0.05%
2002 3.63% 2.34%
2001 3.37% 2.97%
2000 3.15% 0.73%
1999 2.64% 0.83%
1998 4.77% 1.16%
1997 5.54% 1.75%

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

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 2.01% in Senegal. In 2024, inflation was 2.74% in Greece and 0.8% in Senegal.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $2.82M
Raw materials & minerals $2.08M
Chemicals & pharma $973K
Textiles & consumer goods $391K
Metals $346K
Wood & paper products $109K
Animal & marine products $98K
Processed food, beverages & tobacco $75K
Raw agricultural goods $37K
Weapons & explosives $12K
Senegal
Export category Export value
Animal & marine products $14.3M
Processed food, beverages & tobacco $748K
Machinery & equipment $129K
Chemicals & pharma $107K
Raw agricultural goods $74K
Metals $43K
Textiles & consumer goods $27K
Wood & paper products $11K
Raw materials & minerals $3K
Precious metals & jewellery $1K

Balance of trade

Greece Senegal
Current account balance
-$18.2B
2024
-$6.07B
2023
Current account balance ranking
182/190
2024
170/190
2023
Current account balance, % of GDP
-7.11%
2024
-19.8%
2023
Goods imports
$91.2B
2024
$10.8B
2023
Goods exports
$52.6B
2024
$5.52B
2023
Service imports
$31.1B
2024
$4.08B
2023
Service exports
$55.8B
2024
$1.48B
2023
Imports of goods and services, % of GDP
47.7%
2024
43.4%
2024
Exports of goods and services, % of GDP
42.1%
2024
24.7%
2024

Economic freedom indices

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

Greece Senegal
Economic freedom 63.2 53.2
Economic freedom ranking 82/197 140/197
Property rights 78 57.4
Government integrity 54.8 47.3
Judicial effectiveness 68 50.5
Tax burden 59.9 68.8
Government spending 24.7 63.1
Fiscal health 78.9 0
Business freedom 77.8 55.2
Labor freedom 59.7 54.4
Monetary freedom 72.6 74.3
Trade freedom 79.4 67
Investment freedom 55 60
Financial freedom 50 40

Economic freedom comparison by year

Greece
Senegal
1x
Year Economic freedom index
Greece Senegal
2026 63.2 53.2
2025 60.6 56.4
2024 55.1 55.4
2023 56.9 57.7
2022 61.5 60
2021 60.9 58
2020 59.9 58
2019 57.7 56.3
2018 57.3 55.7
2017 55 55.9
2016 53.2 58.1
2015 54 57.8
2014 55.7 55.4
2013 55.4 55.5
2012 55.4 55.4
2011 60.3 55.7
2010 62.7 54.6
2009 60.8 56.3
2008 60.6 58.3
2007 58.7 58.1
2006 60.1 56.2
2005 59 57.9
2004 59.1 58.9
2003 58.8 58.1
2002 59.1 58.6
2001 63.4 58.7
2000 61 58.9
1999 61 60.6
1998 60.6 59.7
1997 59.6 58.1
1996 60.5 58.2
1995 61.2 -

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Senegal
Services, % of GDP
68%
2024
48.4%
2024
Industry, % of GDP
15%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
16.6%
2024
GNI, Atlas method
$236B
2024
$31.1B
2024
GNI per capita, PPP
$43,340
2024
$4,920
2024
Total reserves including gold
$15.2B
2024
n/a
Total reserves ranking
67/177
2024
n/a
Net foreign direct investment
-$4.52B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$6.74B
2024
$2.02B
2024
Net outflows of foreign direct investment
$2.22B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines
18.8%
2021
37.5%
2021
Gross capital formation, % of GDP
18.3%
2024
37.5%
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/senegal | 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 (1880–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
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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.