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Economy of Japan vs Slovakia compared: GDP & Debt

Updated on by Georank team

Japan has a GDP of $4.03T compared to $141B for Slovakia, ranking 4/197 and 61/197 by economy size, respectively.

Japan has $9.51T in government debt (236.1% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Japan vs Slovakia GDP by year

Japan
Slovakia
1x
Year GDP, current $
Japan Slovakia
2024 $4,027,597,523,551 $140,934,076,532
2023 $4,213,167,237,906 $133,578,518,424
2022 $4,262,463,317,797 $115,792,972,358
2021 $5,039,148,168,861 $120,511,265,913
2020 $5,054,068,005,376 $107,732,602,896
2019 $5,117,993,853,017 $105,843,498,304
2018 $5,040,880,939,325 $106,611,673,365
2017 $4,930,837,369,151 $95,978,130,735
2016 $5,003,677,627,544 $90,347,173,229
2015 $4,444,930,651,964 $89,178,548,717
2014 $4,896,994,405,353 $101,713,075,599
2013 $5,212,328,181,166 $99,134,277,850
2012 $6,272,362,996,105 $94,724,394,278
2011 $6,233,147,172,341 $99,705,104,723
2010 $5,759,071,769,013 $91,112,160,801
2009 $5,289,493,117,994 $89,342,984,698
2008 $5,106,679,115,127 $100,830,060,553
2007 $4,579,750,920,355 $86,587,749,518
2006 $4,601,663,122,650 $70,751,813,443
2005 $4,831,467,035,390 $62,547,753,148
2004 $4,893,116,005,657 $57,215,475,076
2003 $4,519,561,645,254 $46,616,149,117
2002 $4,182,846,045,874 $35,243,658,399
2001 $4,374,711,694,091 $30,726,659,551
2000 $4,968,359,075,957 $29,215,726,005
1999 $4,635,982,224,064 $30,496,272,225
1998 $4,098,362,709,531 $29,976,207,629
1997 $4,492,448,605,639 $27,844,628,979
1996 $4,923,391,533,852 $28,197,790,875
1995 $5,545,563,663,890 $26,180,022,222
1994 $4,998,797,547,741 $20,428,139,756
1993 $4,536,940,479,038 $16,737,973,764
1992 $3,980,702,922,118 $15,699,327,209
1991 $3,648,065,760,649 $14,459,924,589
1990 $3,185,904,656,664 $12,915,046,978
1989 $3,109,455,047,824 -
1988 $3,125,724,434,401 -
1987 $2,580,748,422,781 -
1986 $2,120,083,812,110 -
1985 $1,427,019,759,717 -
1984 $1,345,824,500,837 -
1983 $1,270,859,919,743 -
1982 $1,158,731,426,906 -
1981 $1,245,221,410,764 -
1980 $1,129,377,244,854 -
1979 $1,077,910,077,676 -
1978 $1,035,611,588,217 -
1977 $737,069,290,928 -
1976 $598,883,902,156 -
1975 $532,861,438,885 -
1974 $490,035,789,970 -
1973 $441,460,582,536 -
1972 $324,933,841,269 -
1971 $245,364,056,622 -
1970 $217,223,652,719 -
1969 $184,298,841,305 -
1968 $156,897,496,759 -
1967 $132,475,614,227 -
1966 $113,046,784,179 -
1965 $97,338,107,606 -
1964 $87,490,590,818 -
1963 $74,379,284,603 -
1962 $64,987,857,542 -
1961 $57,266,758,180 -
1960 $47,419,238,274 -

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

GeoRank.org/economy/japan/slovakia | CC BY

GDP per capita in Japan vs Slovakia by year

Japan
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,487 $52,039 $25,993 $48,132
2023 $33,836 $50,662 $24,615 $45,974
2022 $34,066 $47,192 $21,318 $41,562
2021 $40,095 $44,355 $22,123 $38,346
2020 $40,029 $42,426 $19,735 $35,328
2019 $40,416 $42,678 $19,406 $33,986
2018 $39,751 $42,142 $19,573 $31,510
2017 $38,834 $41,444 $17,646 $30,246
2016 $39,375 $40,597 $16,636 $29,868
2015 $34,961 $40,899 $16,442 $30,148
2014 $38,475 $39,555 $18,771 $29,108
2013 $40,899 $39,402 $18,313 $28,075
2012 $49,145 $37,606 $17,517 $27,023
2011 $48,760 $36,214 $18,469 $26,202
2010 $44,968 $35,336 $16,899 $25,382
2009 $41,309 $33,543 $16,587 $23,077
2008 $39,876 $35,274 $18,744 $23,714
2007 $35,779 $35,015 $16,110 $21,232
2006 $35,992 $33,632 $13,168 $18,906
2005 $37,813 $32,170 $11,642 $16,570
2004 $38,299 $30,832 $10,650 $15,166
2003 $35,387 $29,392 $8,675 $14,088
2002 $32,821 $28,624 $6,555 $13,292
2001 $34,406 $27,943 $5,712 $12,367
2000 $39,169 $27,288 $5,422 $11,370
1999 $36,610 $25,736 $5,652 $10,726
1998 $32,424 $25,508 $5,561 $10,666
1997 $35,638 $25,619 $5,172 $10,137
1996 $39,150 $24,999 $5,248 $9,500
1995 $44,198 $23,858 $4,883 $8,812
1994 $39,934 $22,823 $3,821 $8,178
1993 $36,345 $22,168 $3,143 $7,569
1992 $31,993 $21,825 $2,959 $7,270
1991 $29,428 $21,227 $2,727 $7,623
1990 $25,801 $19,912 $2,437 $8,638
1989 $25,266 - - -
1988 $25,500 - - -
1987 $21,142 - - -
1986 $17,452 - - -
1985 $11,809 - - -
1984 $11,207 - - -
1983 $10,652 - - -
1982 $9,780 - - -
1981 $10,583 - - -
1980 $9,669 - - -
1979 $9,301 - - -
1978 $9,012 - - -
1977 $6,473 - - -
1976 $5,310 - - -
1975 $4,776 - - -
1974 $4,448 - - -
1973 $4,061 - - -
1972 $3,031 - - -
1971 $2,321 - - -
1970 $2,101 - - -
1969 $1,803 - - -
1968 $1,553 - - -
1967 $1,326 - - -
1966 $1,144 - - -
1965 $994 - - -
1964 $903 - - -
1963 $776 - - -
1962 $685 - - -
1961 $609 - - -
1960 $509 - - -

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

GeoRank.org/economy/japan/slovakia | CC BY

Japan's GDP per capita is $32,487, ranking 38/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Slovakia ranks 49th at $48,132.

Economic indicators

Japan Slovakia
Gross domestic product
$4.03T
2024
$141B
2024
GDP rank
4/197
2024
61/197
2024
GDP growth
0.1%
2023-2024
1.94%
2023-2024
GDP per capita
$32,487
2024
$25,993
2024
GDP per capita rank
38/197
2024
47/197
2024
GDP per capita, PPP
$52,039
2024
$48,132
2024
GDP per capita PPP rank
41/197
2024
49/197
2024
Government debt
$9.51T
2024
$80.7B
2024
Debt-to-GDP ratio
236.1%
2024
57.2%
2024
Government debt per person
$76,704
2024
$14,876
2024
Government debt per person rank
3/185
2024
40/185
2024
Average annual personal income after taxes
$23,653
2026
$17,983
2026
Market capitalization of domestic companies
$6.31T
2024
$5.38B
2014
Number of millionaires
2,732,000
2025
n/a
Number of billionaires
42
2025
2
2025
Income share by richest 10%
23.9%
2020
18.8%
2023
Income share by poorest 10%
2.4%
2020
3.3%
2023
Government expenditure, % of GDP
39.1%
2024
47.1%
2024
Consumer prices inflation
2.74%
2023-2024
2.76%
2023-2024
Central bank interest rate
0.75%
2025
n/a
Unemployment rate
2.54%
2024
5.34%
2024
Population
122677250
5359438

Spending and national debt comparison by year

Japan
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Japan Slovakia
Government spending Government debt Government spending Government debt
2024 39.1% 236.1% 47.1% 57.2%
2023 39.2% 240.5% 48% 55.6%
2022 41.8% 248.2% 43% 57.7%
2021 42.5% 253.7% 44.9% 60.2%
2020 44.5% 258.4% 44.5% 58.4%
2019 37.3% 236.4% 40.6% 48%
2018 36.7% 232.4% 39.7% 49.3%
2017 36.7% 231.3% 39.8% 51.4%
2016 37.2% 232.4% 40.9% 52.1%
2015 37.3% 228.3% 44.1% 51.6%
2014 38.4% 233.3% 42% 53.4%
2013 38.8% 229.5% 41.1% 54.6%
2012 38.6% 226.1% 40% 51.7%
2011 38.6% 219.2% 40.8% 43.3%
2010 37.7% 205.9% 41% 40.7%
2009 38.7% 198.8% 43.2% 36.4%
2008 34.1% 180.9% 36.5% 28.6%
2007 33.1% 173% 35.9% 30.4%
2006 33.1% 174.1% 38.2% 31.5%
2005 33.5% 174.6% 39.1% 35%
2004 33.7% 169.5% 38.4% 42%
2003 35% 160% 40% 43.6%
2002 35.4% 154.1% 46% 45.6%
2001 35.2% 145.1% 46.2% 51.4%
2000 36% 135.6% 53.2% 50.6%
1999 35.6% 129.5% 48.4% 47.1%
1998 38.6% 116% 46.2% 33.9%
1997 33.1% 105% 48.6% 32.8%
1996 33.8% 98.1% 52.8% 30.3%
1995 33.4% 92.5% 47.8% 21.3%
1994 32.8% 84.4% - -
1993 32.1% 72.8% - -
1992 30.3% 66.8% - -
1991 29.3% 62.4% - -
1990 29.5% 63.2% - -
1989 29.2% 65.7% - -
1988 29.9% 71.9% - -
1987 30.6% 75.8% - -
1986 30.4% 74.1% - -
1985 30.4% 68.3% - -
1984 31.2% 65.6% - -
1983 31.8% 63.5% - -
1982 31.7% 57.7% - -
1981 31.5% 52.8% - -
1980 33.5% 47.8% - -
1979 33.2% 43.8% - -
1978 32.1% 39% - -
1977 30.4% 31.1% - -
1976 29.1% 26.1% - -
1975 28.5% 20.9% - -
1974 25.5% 16.7% - -
1973 23.3% 15.9% - -
1972 23.1% 16.3% - -
1971 21.8% 12.6% - -
1970 20.2% 11.2% - -
1969 19.8% 11.4% - -
1968 20.1% 11.8% - -
1967 19.9% 11.4% - -
1966 20.8% 11.2% - -
1965 20.4% 9.78% - -
1964 19.8% 8.53% - -
1963 20% 8.66% - -
1962 19.4% 9.01% - -
1961 18.2% 8.44% - -
1960 18.4% 10.4% - -

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/japan/slovakia | CC BY

In 2024, Japan's government spending was $1.57T, accounting for 39.1% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 236.1% in Japan and 57.2% in Slovakia, ranking 3/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Slovakia
1x
Year Deficit/surplus, % of GDP
Japan Slovakia
2024 -1.53% -5.27%
2023 -2.26% -5.15%
2022 -4.21% -1.16%
2021 -6.13% -5.09%
2020 -9.08% -5.3%
2019 -3.04% -1.21%
2018 -2.47% -1.01%
2017 -3.1% -0.98%
2016 -3.6% -2.59%
2015 -3.68% -2.78%
2014 -5.62% -3.25%
2013 -7.61% -2.86%
2012 -8.2% -4.37%
2011 -8.99% -4.36%
2010 -9.08% -7.44%
2009 -9.69% -8.18%
2008 -4.11% -2.54%
2007 -2.9% -2.26%
2006 -3.03% -3.57%
2005 -4.44% -2.86%
2004 -5.31% -2.36%
2003 -7.43% -2.28%
2002 -7.34% -8.35%
2001 -6.2% -7.74%
2000 -7.28% -12.7%
1999 -6.75% -7.25%
1998 -10% -5.37%
1997 -3.53% -6.24%
1996 -4.87% -9.72%
1995 -4.3% -3.43%
1994 -3.76% -
1993 -2.39% -
1992 0.57% -
1991 1.67% -
1990 1.96% -
1989 1.23% -
1988 0.49% -
1987 -0.36% -
1986 -1.36% -
1985 -1.37% -
1984 -2.62% -
1983 -3.95% -
1982 -3.81% -
1981 -3.85% -
1980 -4.66% -
1979 -5% -
1978 -5.79% -
1977 -4.02% -
1976 -3.89% -
1975 -2.92% -
1974 0.38% -
1973 0.56% -
1972 -0.13% -
1971 1.21% -
1970 1.74% -
1969 1.26% -
1968 0.88% -
1967 0.8% -
1966 -0.34% -
1965 0.48% -
1964 0.85% -
1963 1.08% -
1962 1.49% -
1961 2.58% -
1960 1.85% -
1959 0.97% -
1958 -0.1% -
1957 1.27% -
1956 1.39% -
1955 -0.67% -
1954 0.7% -
1953 1.65% -
1952 2.22% -
1951 5.06% -
1950 6.99% -
1949 12.5% -
1948 7.53% -
1947 6.09% -
1946 - -
1945 - -
1944 - -
1943 0.32% -
1942 -0.13% -
1941 -0.19% -
1940 0.31% -
1939 0.11% -
1938 0.45% -
1937 0.71% -
1936 0.34% -
1935 0.26% -
1934 0.34% -
1933 0.28% -
1932 0.31% -
1931 0.23% -
1930 0.19% -
1929 0.5% -
1928 0.42% -
1927 0.58% -
1926 0.65% -
1925 0.75% -
1924 0.84% -
1923 0.87% -
1922 0.89% -
1921 1.43% -
1920 1.19% -
1919 1.21% -
1918 1.58% -
1917 1.54% -
1916 1.37% -
1915 1.41% -
1914 1.31% -
1913 1.21% -
1912 1.27% -
1911 1.21% -
1910 1.57% -
1909 1.51% -
1908 1.63% -
1907 1.77% -
1906 0.46% -
1905 -0.68% -
1904 -0.81% -
1903 0.19% -
1902 0.44% -
1901 0.21% -
1900 0.53% -
1899 0.2% -
1898 0.6% -
1897 0.33% -
1896 0.88% -
1895 0.28% -
1894 -0.24% -
1893 0.6% -
1892 0.63% -
1891 0.61% -
1890 0.74% -
1889 0.18% -
1888 0.13% -
1887 0.11% -
1886 0.03% -
1885 0.01% -
1884 0.001% -
1883 0.03% -
1882 0.001% -
1881 0.001% -
1880 0.004% -
1879 0.02% -
1878 0.02% -
1877 -0.29% -
1876 -0.42% -
1875 0.005% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/japan/slovakia | CC BY

In 2024, Japan's government deficit, the difference between spending and revenue, was $61.6B, equivalent to 1.53% of GDP. This compares to Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Japan recorded a fiscal deficit in 30 of those years, while Slovakia ran a deficit in 30 years. On average, Japan posted an annual deficit equal to 5.53% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Japan

Slovakia
1x
Year Consumer prices inflation
Japan Slovakia
2024 2.74% 2.76%
2023 3.27% 10.5%
2022 2.5% 12.8%
2021 -0.23% 3.15%
2020 -0.02% 1.94%
2019 0.47% 2.66%
2018 0.99% 2.51%
2017 0.48% 1.31%
2016 -0.13% -0.52%
2015 0.8% -0.33%
2014 2.76% -0.08%
2013 0.34% 1.4%
2012 -0.04% 3.61%
2011 -0.27% 3.92%
2010 -0.73% 0.96%
2009 -1.35% 1.62%
2008 1.38% 4.6%
2007 0.06% 2.76%
2006 0.25% 4.48%
2005 -0.28% 2.71%
2004 -0.009% 7.55%
2003 -0.26% 8.55%
2002 -0.92% 3.13%
2001 -0.74% 7.33%
2000 -0.68% 12%
1999 -0.34% 10.6%
1998 0.66% 6.67%
1997 1.75% 6.14%

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

GeoRank.org/economy/japan/slovakia | CC BY

Over the past 28 years, Japan has recorded an average annual inflation rate of 0.44%, compared with 4.45% in Slovakia. In 2024, inflation was 2.74% in Japan and 2.76% in Slovakia.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $95.9M
Miscellaneous $34.6M
Raw materials & minerals $10.3M
Chemicals & pharma $4.9M
Textiles & consumer goods $4.51M
Metals $2.93M
Processed food, beverages & tobacco $1.71M
Wood & paper products $1.05M
Raw agricultural goods $427K
Precious metals & jewellery $279K
Slovakia
Export category Export value
Machinery & equipment $275M
IT & IP services $102M
Textiles & consumer goods $11.1M
Metals $5.75M
Chemicals & pharma $4.48M
Transport & tourism services $2.87M
Raw materials & minerals $2.84M
Business & finance services $2.1M
Precious metals & jewellery $1.73M
Manufacturing & construction services $645K

Balance of trade

Japan Slovakia
Current account balance
$194B
2024
-$6.5B
2024
Current account balance ranking
3/190
2024
171/190
2024
Current account balance, % of GDP
+4.82%
2024
-4.61%
2024
Goods imports
$719B
2024
$107B
2024
Goods exports
$694B
2024
$106B
2024
Service imports
$246B
2024
$13.2B
2024
Service exports
$228B
2024
$13.9B
2024
Imports of goods and services, % of GDP
23.6%
2024
85.7%
2024
Exports of goods and services, % of GDP
22.8%
2024
85.5%
2024

Economic freedom indices

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

Japan Slovakia
Economic freedom 70.3 67.7
Economic freedom ranking 36/197 54/197
Property rights 94.2 82.6
Government integrity 81.1 57.2
Judicial effectiveness 97.9 70.5
Tax burden 63 75.4
Government spending 52 36.4
Fiscal health 41.7 69.6
Business freedom 77.8 71.1
Labor freedom 65.9 55.1
Monetary freedom 74.3 69.7
Trade freedom 76.2 79.4
Investment freedom 60 75
Financial freedom 60 70

Economic freedom comparison by year

Japan
Slovakia
1x
Year Economic freedom index
Japan Slovakia
2026 70.3 67.7
2025 70.2 68.4
2024 67.5 68.1
2023 69.3 69
2022 69.9 69.7
2021 74.1 66.3
2020 73.3 66.8
2019 72.1 65
2018 72.3 65.3
2017 69.6 65.7
2016 73.1 66.6
2015 73.3 67.2
2014 72.4 66.4
2013 71.8 68.7
2012 71.6 67
2011 72.8 69.5
2010 72.9 69.7
2009 72.8 69.4
2008 73 70
2007 72.7 69.6
2006 73.3 69.8
2005 67.3 66.8
2004 64.3 64.6
2003 67.6 59
2002 66.7 59.8
2001 70.9 58.5
2000 70.7 53.8
1999 69.1 54.2
1998 70.2 57.5
1997 70.3 55.5
1996 72.6 57.6
1995 75 60.4

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

GeoRank.org/economy/japan/slovakia | CC BY

The Economic Freedom Index for Japan is 70.3, ranking 36/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Japan Slovakia
Services, % of GDP
69.8%
2023
60%
2024
Industry, % of GDP
28.6%
2023
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.94%
2023
1.58%
2024
GNI, Atlas method
$4.46T
2024
$128B
2024
GNI per capita, PPP
$55,490
2024
$47,040
2024
Total reserves including gold
$1.23T
2024
$14.5B
2024
Total reserves ranking
2/177
2024
68/177
2024
Net foreign direct investment
$191B
2024
-$2.77B
2024
Net inflows of foreign direct investment
$16.2B
2024
$5.01B
2024
Net outflows of foreign direct investment
$203B
2024
$2.24B
2024
Poverty at national poverty lines
16.1%
2020
13.7%
2021
Gross capital formation, % of GDP
26.2%
2024
20.1%
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/japan/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
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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.