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Economy of Lebanon vs Switzerland compared: GDP & Debt

Updated on by Georank

Lebanon has a GDP of $26B compared to $1.04T for Switzerland, ranking 121/197 and 20/197 by economy size, respectively.

Lebanon has $41B in government debt (139.4% of GDP), compared to $411B (39.4% of GDP) in Switzerland.

Lebanon vs Switzerland GDP by year

Lebanon
Switzerland
1x
Year GDP, current $
Lebanon Switzerland
2025 - $1,043,529,899,251
2024 $25,971,643,441 $969,919,786,395
2023 $20,078,620,357 $928,435,275,852
2022 $20,992,421,949 $858,479,038,994
2021 $23,131,941,557 $840,710,023,481
2020 $31,712,128,254 $756,096,180,222
2019 $51,605,959,131 $736,384,764,157
2018 $54,901,519,156 $740,766,531,454
2017 $53,027,680,686 $706,660,443,624
2016 $51,147,308,774 $698,607,778,795
2015 $49,929,337,837 $706,199,008,879
2014 $48,095,213,747 $741,168,119,617
2013 $46,880,103,081 $718,748,402,260
2012 $44,016,799,516 $697,882,536,677
2011 $39,927,125,962 $727,231,637,102
2010 $38,443,907,042 $609,999,593,542
2009 $35,399,582,929 $563,659,557,945
2008 $29,118,916,105 $574,703,945,157
2007 $24,827,355,015 $498,993,845,385
2006 $22,022,709,851 $448,364,681,767
2005 $21,497,336,499 $424,511,048,024
2004 $21,159,827,992 $409,012,909,530
2003 $20,082,918,740 $366,563,952,625
2002 $19,152,238,806 $313,930,961,761
2001 $17,649,751,244 $290,160,142,214
2000 $17,260,364,842 $282,327,351,966
1999 $17,391,056,369 $301,911,268,140
1998 $17,247,179,006 $306,907,741,068
1997 $15,751,867,489 $298,868,250,534
1996 $13,690,217,334 $345,373,647,249
1995 $11,718,795,529 $358,152,520,085
1994 $9,599,127,050 $305,916,331,798
1993 $7,941,744,492 $276,339,744,180
1992 $5,843,579,161 $284,139,428,246
1991 $4,690,415,093 $272,953,645,746
1990 $2,838,485,354 $269,768,238,555
1989 $2,717,998,688 $211,241,694,480
1988 $3,313,540,068 $218,788,504,066
1987 - $202,238,567,597
1986 - $161,487,171,049
1985 - $112,652,623,418
1984 - $111,104,641,869
1983 - $116,361,728,836
1982 - $116,776,899,473
1981 - $113,936,168,924
1980 - $124,404,609,417
1979 - $116,702,524,208
1978 - $103,821,687,919
1977 - $74,237,819,014
1976 - $69,508,364,538
1975 - $66,452,559,176
1974 - $57,963,469,607
1973 - $50,296,651,921
1972 - $37,399,508,287
1971 - $30,492,832,676
1970 - $25,374,750,743
1969 - $22,780,211,812
1968 - $21,024,203,656
1967 - $19,689,329,510
1966 - $18,290,928,227
1965 - $17,033,079,428
1964 - $16,071,715,835
1963 - $14,499,109,270
1962 - $13,185,384,691
1961 - $11,889,851,950
1960 - $10,569,129,806

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

GeoRank.org/economy/lebanon/switzerland | CC BY

GDP per capita in Lebanon vs Switzerland by year

Lebanon
GDP per capita

GDP per capita, PPP
Switzerland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Switzerland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $114,769 -
2024 $4,473 - $107,702 $96,498
2023 $3,478 $12,575 $104,450 $95,142
2022 $3,654 $12,293 $97,809 $94,421
2021 $4,045 $11,600 $96,583 $81,001
2020 $5,561 $16,260 $87,530 $72,998
2019 $8,906 $21,710 $85,873 $73,732
2018 $9,175 $21,985 $87,002 $70,689
2017 $8,608 $20,964 $83,610 $68,194
2016 $8,089 $18,941 $83,432 $67,351
2015 $7,714 $17,046 $85,265 $65,265
2014 $7,578 $16,140 $90,512 $63,417
2013 $8,162 $16,316 $88,851 $61,656
2012 $8,407 $16,121 $87,270 $59,441
2011 $7,835 $14,975 $91,910 $57,494
2010 $7,626 $14,704 $77,956 $54,426
2009 $7,091 $13,586 $72,788 $52,999
2008 $5,912 $12,416 $75,148 $53,809
2007 $5,125 $11,356 $66,082 $50,928
2006 $4,635 $10,312 $59,910 $46,266
2005 $4,602 $10,020 $57,080 $41,525
2004 $4,601 $9,609 $55,350 $40,171
2003 $4,438 $8,914 $49,947 $38,732
2002 $4,291 $8,586 $43,094 $38,705
2001 $4,010 $8,289 $40,134 $37,819
2000 $3,987 $7,938 $39,298 $36,703
1999 $4,087 $7,793 $42,261 $34,743
1998 $4,125 $7,861 $43,166 $33,860
1997 $3,834 $7,632 $42,160 $32,736
1996 $3,393 $7,560 $48,838 $31,509
1995 $2,959 $6,796 $50,869 $30,842
1994 $2,468 $6,367 $43,741 $30,265
1993 $2,079 $5,871 $39,828 $29,495
1992 $1,559 $5,279 $41,327 $29,113
1991 $1,278 $4,527 $40,140 $28,792
1990 $790 $2,990 $40,171 $28,461
1989 $771 - $31,780 -
1988 $959 - $33,183 -
1987 - - $30,899 -
1986 - - $24,828 -
1985 - - $17,411 -
1984 - - $17,247 -
1983 - - $18,128 -
1982 - - $18,271 -
1981 - - $17,931 -
1980 - - $19,686 -
1979 - - $18,541 -
1978 - - $16,528 -
1977 - - $11,819 -
1976 - - $11,029 -
1975 - - $10,484 -
1974 - - $9,140 -
1973 - - $7,974 -
1972 - - $5,973 -
1971 - - $4,908 -
1970 - - $4,105 -
1969 - - $3,712 -
1968 - - $3,465 -
1967 - - $3,286 -
1966 - - $3,091 -
1965 - - $2,908 -
1964 - - $2,776 -
1963 - - $2,546 -
1962 - - $2,366 -
1961 - - $2,188 -
1960 - - $1,984 -

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

GeoRank.org/economy/lebanon/switzerland | CC BY

Lebanon's GDP per capita is $4,473, ranking 129/197, compared to $114,769 in Switzerland, ranking 5/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Switzerland ranks 8th at $96,498.

Economic indicators

Lebanon Switzerland
Gross domestic product
$26B
2024
$1.04T
2025
GDP rank
121/197
2024
20/197
2025
GDP growth
-7.08%
2023-2024
1.3%
2024-2025
GDP per capita
$4,473
2024
$114,769
2025
GDP per capita rank
129/197
2024
5/197
2025
GDP per capita, PPP
$12,575
2023
$96,498
2024
GDP per capita PPP rank
123/197
2023
8/197
2024
Government debt
$41B
2024
$411B
2025
Debt-to-GDP ratio
139.4%
2025
39.4%
2025
Government debt per person
$7,061
2024
$45,239
2025
Government debt per person rank
71/185
2024
12/185
2025
Average annual personal income after taxes
$3,055
2026
$89,347
2026
Market capitalization of domestic companies
$10.6B
2021
$2.51T
2025
Number of millionaires n/a
944,000
2026
Number of billionaires
6
2026
45
2026
Income share by richest 10%
25.6%
2022
26.6%
2022
Income share by poorest 10%
2.8%
2022
2.9%
2022
Government expenditure, % of GDP
15.5%
2025
31.2%
2025
Consumer prices inflation
14.6%
2024-2025
0.15%
2024-2025
Central bank interest rate
20%
2023
0%
2025
Unemployment rate
11.3%
2019
4.84%
2025
Population
5921719
9155878

Spending and national debt comparison by year

Lebanon
Spending

Debt
Switzerland
Spending

Debt
1x
Year % of GDP
Lebanon Switzerland
Government spending Government debt Government spending Government debt
2025 15.5% 139.4% 31.2% 39.4%
2024 15.3% 157.9% 31.3% 40.5%
2023 14.3% 185.8% 30.9% 37.3%
2022 12.9% 235.9% 30.5% 35.9%
2021 10.5% 346% 33.4% 39.7%
2020 24.5% 157.2% 36.3% 42.4%
2019 31.3% 171.9% 31.3% 38.8%
2018 32.1% 154% 31.1% 39%
2017 30.7% 150.4% 31.9% 41.1%
2016 28.6% 147.9% 31.9% 40.3%
2015 26.7% 140.9% 31.9% 41.4%
2014 28.9% 138.5% 31.5% 41.2%
2013 28.9% 135.4% 32% 41.2%
2012 30.2% 131.1% 31.1% 41.9%
2011 28.8% 134.4% 31% 41.2%
2010 29.2% 136.8% 30.9% 40.7%
2009 32.1% 144.5% 31.2% 42.4%
2008 34.3% 161.5% 29.6% 44.2%
2007 35.2% 169.3% 29% 44%
2006 36.1% 183.3% 30.1% 47.7%
2005 31.4% 178.9% 31.9% 54.1%
2004 33.3% 169.5% 32.6% 57.1%
2003 36.4% 171.3% 32.8% 56.2%
2002 36.8% 163.1% 33.6% 56.9%
2001 38.9% 163.1% 31.2% 50.5%
2000 42.8% 148.1% 31.9% 51.7%
1999 35.6% 130.2% 32.8% 52%
1998 34.7% 108.2% 32.3% 55.3%
1997 40.5% 100.2% 32.5% 52.9%
1996 43.6% 101.2% 32.5% 50.6%
1995 31.1% 79.6% 32% 49.3%
1994 47.3% 71.5% 32% 46.4%
1993 23% 50.5% 31.9% 43.7%
1992 36.1% 51.7% 30.8% 38.9%
1991 35.6% 67.1% 29% 34.6%
1990 40% 99.7% 27.2% 32.8%
1989 - - 30% 32.5%
1988 - - 30.3% 35%
1987 - - 29.8% 36.5%
1986 - - 29.8% 37.6%
1985 - - 30.1% 39.1%
1984 - - 30.4% 39.8%
1983 - - 31.2% 40.2%
1982 - - 30.5% 40%
1981 - - 29.4% 40.8%
1980 - - 29.9% 43.9%
1979 - - 30.5% 44.6%
1978 - - 30.4% 46.6%
1977 - - 31% 46.9%
1976 - - 31.6% 46.7%
1975 - - 29.3% 42.3%
1974 - - 27.5% 38.4%
1973 - - 26.5% 37%
1972 - - 25.7% 38%
1971 - - 25.4% 38.7%
1970 - - 25.8% 38.9%
1969 - - 9.45% 7.08%
1968 - - 8.87% 6.99%
1967 - - 8.68% 7.26%
1966 - - 8.95% 7.62%
1965 - - 8.33% 8.28%
1964 - - 8.85% 9.43%
1963 - - 8.2% 10.8%
1962 - - 8.1% 12%
1961 - - 7.97% 14%
1960 - - 7.11% 16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/lebanon/switzerland | CC BY

In 2025, Lebanon's government spending was $3.98B, accounting for 15.5% of its GDP, while Switzerland spent $326B, or 31.2% of GDP.

Debt-to-GDP ratio is 139.4% in Lebanon and 39.4% in Switzerland, ranking 8/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Switzerland
1x
Year Deficit/surplus, % of GDP
Lebanon Switzerland
2025 3.25% 0.45%
2024 0.39% 0.53%
2023 -1.64% 0.12%
2022 -7.49% 1.15%
2021 -2.57% -0.28%
2020 -7.79% -2.96%
2019 -10.5% 1.31%
2018 -11.2% 1.26%
2017 -8.68% 1.11%
2016 -8.98% 0.23%
2015 -7.49% 0.54%
2014 -6.22% -0.24%
2013 -8.83% -0.42%
2012 -8.43% 0.23%
2011 -5.94% 0.67%
2010 -7.47% 0.35%
2009 -8.1% 0.49%
2008 -9.86% 1.91%
2007 -10.9% 1.55%
2006 -10.6% 0.83%
2005 -8.57% -0.64%
2004 -9.83% -1.37%
2003 -14% -1.34%
2002 -16.2% -1.72%
2001 -21% 0.2%
2000 -23.9% 0.28%
1999 -16.7% -1.55%
1998 -17.3% -1.29%
1997 -24.5% -2.3%
1996 -25.7% -1.98%
1995 -13.6% -1.83%
1994 -29.1% -2.55%
1993 -7.19% -3.1%
1992 -24% -2.92%
1991 -19.5% -1.82%
1990 -30.2% -0.05%
1989 - 0.2%
1988 - 0.42%
1987 - 0.78%
1986 - 0.93%
1985 - -0.25%
1984 - -0.52%
1983 - -1.23%
1982 - -1.21%
1981 - -0.54%
1980 - -1.34%
1979 - -1.79%
1978 - -1.12%
1977 - -1.64%
1976 - -1.89%
1975 - -0.93%
1974 - -1.01%
1973 - -0.93%
1972 - -1.39%
1971 - -1.41%
1970 - -1.44%
1969 - -0.98%
1968 - -0.73%
1967 - -1.07%
1966 - -0.87%
1965 - 0.05%
1964 - 0.77%
1963 - 0.25%
1962 - 0.95%
1961 - 0.34%
1960 - 1.95%
1959 - 0.72%
1958 - 0.59%
1957 - 0.66%
1956 - 2.24%
1955 - 1.1%
1954 - 1.44%
1953 - 0.38%
1952 - -1.17%
1951 - -0.36%
1950 - 1.49%
1949 - 0.04%
1948 - 1.37%
1947 - 1.27%
1946 - 0.52%
1945 - -7.57%
1944 - -9.37%
1943 - -8.55%
1942 - -7.28%
1941 - -8.78%
1940 - -10%
1939 - -5.05%
1938 - -1.53%
1937 - -0.17%
1936 - -0.33%
1935 - -0.23%
1934 - -0.33%
1933 - -0.88%
1932 - -0.3%
1931 - 0.03%
1930 - 0.07%
1929 - 0.22%
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.12%
1912 - 0.03%
1911 - -0.006%
1910 - -0.14%
1909 - -0.78%
1908 - -0.1%
1907 - -0.02%
1906 - 0.15%
1905 - 0.41%
1904 - 0.002%
1903 - 0.09%
1902 - 0.02%
1901 - -0.14%
1900 - -0.07%
1899 - 0.1%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/lebanon/switzerland | CC BY

In 2024, Lebanon's government surplus, the difference between spending and revenue, was $102M, equivalent to 0.39% of GDP. This compares to Switzerland's surplus of $5.13B, or 0.53% of GDP.

Over the past 35 years, Lebanon recorded a fiscal deficit in 34 of those years, while Switzerland ran a deficit in 18 years. On average, Lebanon posted an annual deficit equal to 12.7% of GDP, compared to deficit of 0.45% of GDP for Switzerland.

Inflation comparison by year

Inflation
Lebanon

Switzerland
1x
Year Consumer prices inflation
Lebanon Switzerland
2025 14.6% 0.15%
2024 45.2% 1.06%
2023 221.3% 2.14%
2022 171.2% 2.84%
2021 154.8% 0.58%
2020 84.9% -0.73%
2019 2.9% 0.36%
2018 6.1% 0.94%
2017 4.4% 0.53%
2016 -0.8% -0.43%
2015 -3.7% -1.14%
2014 1.9% -0.01%
2013 4.8% -0.22%
2012 6.6% -0.69%
2011 5% 0.23%
2010 4% 0.69%
2009 1.2% -0.48%
2008 10.7% 2.43%
2007 4.1% 0.73%
2006 4.1% 1.06%
2005 -1.4% 1.17%
2004 1.7% 0.8%
2003 1.3% 0.64%
2002 1.8% 0.64%
2001 -0.4% 0.99%
2000 -0.4% 1.56%
1999 0.2% 0.81%
1998 4.5% 0.02%
1997 7.7% 0.52%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/lebanon/switzerland | CC BY

Over the past 29 years, Lebanon has recorded an average annual inflation rate of 26.1%, compared with 0.59% in Switzerland. In 2025, inflation was 14.6% in Lebanon and 0.15% in Switzerland.

Top exports between countries

Lebanon
Export category Export value
Precious metals & jewellery $120M
Processed food, beverages & tobacco $2.24M
Wood & paper products $605K
Textiles & consumer goods $520K
Raw agricultural goods $337K
Machinery & equipment $274K
Chemicals & pharma $145K
Raw materials & minerals $94K
Miscellaneous $53K
Metals $20K
Switzerland
Export category Export value
Precious metals & jewellery $1.65B
Chemicals & pharma $103M
Machinery & equipment $23.6M
Processed food, beverages & tobacco $7.06M
Textiles & consumer goods $6M
Raw agricultural goods $2.34M
Wood & paper products $2.13M
Raw materials & minerals $1.61M
Animal & marine products $884K
Metals $512K

Balance of trade

Lebanon Switzerland
Current account balance
-$5.64B
2023
$72.9B
2025
Current account balance ranking
166/190
2023
11/190
2025
Current account balance, % of GDP
-28.1%
2023
+6.98%
2025
Goods imports
$16.7B
2023
$508B
2025
Goods exports
$3.85B
2023
$617B
2025
Service imports
$6.63B
2023
$214B
2025
Service exports
$7.92B
2023
$195B
2025
Imports of goods and services, % of GDP
58.9%
2024
69.1%
2025
Exports of goods and services, % of GDP
23.3%
2024
78.1%
2025

Economic freedom indices

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

Lebanon Switzerland
Economic freedom 43.1 83.7
Economic freedom ranking 183/197 2/197
Property rights 21.8 94.4
Government integrity 23.4 93.3
Judicial effectiveness 23.8 98.3
Tax burden 90.3 70.9
Government spending 93.3 69.5
Fiscal health 63.4 97.2
Business freedom 47.6 86.3
Labor freedom 48.4 60
Monetary freedom 0 82.3
Trade freedom 65.6 87
Investment freedom 20 85
Financial freedom 20 80

Economic freedom comparison by year

Lebanon
Switzerland
1x
Year Economic freedom index
Lebanon Switzerland
2026 43.1 83.7
2025 44.1 83.7
2024 48.3 83
2023 45.6 83.8
2022 47.3 84.2
2021 51.4 81.9
2020 51.7 82
2019 51.1 81.9
2018 53.2 81.7
2017 53.3 81.5
2016 59.5 81
2015 59.3 80.5
2014 59.4 81.6
2013 59.5 81
2012 60.1 81.1
2011 60.1 81.9
2010 59.5 81.1
2009 58.1 79.4
2008 60 79.5
2007 60.4 78
2006 57.5 78.9
2005 57.2 79.3
2004 56.9 79.5
2003 56.7 79
2002 57.1 79.3
2001 61 76
2000 56.1 76.8
1999 59.1 79.1
1998 59 79
1997 63.9 78.6
1996 63.2 76.8

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/lebanon/switzerland | CC BY

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 83.7 for Switzerland, ranking 2/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Switzerland
Services, % of GDP
35.7%
2024
71.7%
2025
Industry, % of GDP
2.63%
2024
25%
2025
Agriculture, forestry, and fishing, % of GDP
1.05%
2024
0.64%
2025
GNI, Atlas method
$20.7B
2024
$1T
2025
GNI per capita, PPP
$11,790
2024
$101,690
2025
Total reserves including gold
$33.3B
2024
$1.08T
2025
Total reserves ranking
56/177
2024
4/177
2025
Net foreign direct investment
-$583M
2023
$37.6B
2025
Net inflows of foreign direct investment
$1.84B
2024
-$108B
2024
Net outflows of foreign direct investment
$391M
2024
-$27.9B
2024
Servicing debt to the IMF, % of GNI
9.68%
2024
n/a
Poverty at national poverty lines
27.4%
2012
15.8%
2021
Gross capital formation, % of GDP
1.44%
2024
29.5%
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/lebanon/switzerland | 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 (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1899–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.