Skip to content

Economy of Mozambique vs Norway compared: GDP & Debt

Updated on by Georank

Mozambique has a GDP of $22.3B compared to $531B for Norway, ranking 127/197 and 32/197 by economy size, respectively.

Mozambique has $22.9B in government debt (102.5% of GDP), compared to $239B (45% of GDP) in Norway.

Mozambique vs Norway GDP by year

Mozambique
Norway
1x
Year GDP, current $
Mozambique Norway
2025 $22,337,997,046 $530,755,719,439
2024 $22,752,244,245 $500,886,328,034
2023 $20,927,498,317 $502,197,633,323
2022 $18,884,232,599 $617,321,834,099
2021 $16,168,055,475 $521,592,200,233
2020 $14,235,420,174 $382,252,517,922
2019 $15,512,759,047 $424,244,886,364
2018 $15,017,358,953 $454,588,871,811
2017 $13,264,640,646 $415,673,181,543
2016 $12,069,051,237 $383,284,047,619
2015 $16,208,985,770 $400,669,174,331
2014 $17,978,246,586 $515,829,568,897
2013 $17,198,073,057 $540,132,255,319
2012 $16,688,114,144 $525,082,939,407
2011 $14,619,279,989 $512,868,581,628
2010 $11,411,894,724 $440,132,138,425
2009 $12,263,894,790 $395,664,488,017
2008 $12,920,340,965 $472,060,283,688
2007 $10,811,456,006 $407,813,774,161
2006 $9,509,835,537 $349,773,283,645
2005 $8,868,504,900 $311,417,306,946
2004 $7,937,255,565 $265,662,977,688
2003 $6,583,526,861 $229,192,678,173
2002 $5,950,769,427 $195,359,978,957
2001 $5,650,154,067 $173,590,978,347
2000 $5,930,685,215 $170,620,327,660
1999 $6,285,219,691 $161,304,620,987
1998 $5,551,118,149 $152,955,958,172
1997 $4,873,663,775 $160,013,571,974
1996 $4,030,146,135 $162,427,517,132
1995 $3,061,646,174 $151,083,627,983
1994 $2,958,108,170 $126,324,387,894
1993 $2,883,161,897 $119,841,699,440
1992 $2,798,696,511 $129,998,873,602
1991 $3,854,856,435 $121,149,331,318
1990 - $119,344,377,526
1989 - $102,226,808,603
1988 - $101,497,621,605
1987 - $93,913,320,965
1986 - $78,438,205,742
1985 - $65,211,464,198
1984 - $61,866,078,539
1983 - $61,417,685,434
1982 - $62,453,362,256
1981 - $63,392,804,251
1980 - $64,176,789,764
1979 - $52,935,763,512
1978 - $46,355,988,784
1977 - $41,362,637,363
1976 - $35,815,449,464
1975 - $32,742,543,381
1974 - $27,033,413,362
1973 - $22,433,660,550
1972 - $17,283,931,878
1971 - $14,523,306,736
1970 - $12,753,503,479
1969 - $11,083,505,596
1968 - $10,178,705,992
1967 - $9,532,076,026
1966 - $8,712,528,095
1965 - $8,073,570,566
1964 - $7,172,430,304
1963 - $6,522,268,053
1962 - $6,078,186,245
1961 - $5,642,867,672
1960 - $5,172,811,442

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

GeoRank.org/economy/mozambique/norway | CC BY

GDP per capita in Mozambique vs Norway by year

Mozambique
GDP per capita

GDP per capita, PPP
Norway
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mozambique Norway
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $627 - $94,594 -
2024 $657 $1,705 $89,889 $102,038
2023 $622 $1,678 $90,984 $103,638
2022 $578 $1,582 $113,122 $125,490
2021 $510 $1,457 $96,443 $88,984
2020 $462 $1,412 $71,058 $67,111
2019 $519 $1,389 $79,329 $70,940
2018 $518 $1,326 $85,579 $70,254
2017 $471 $1,283 $78,771 $64,590
2016 $441 $1,379 $73,222 $59,280
2015 $611 $1,318 $77,221 $60,738
2014 $697 $1,166 $100,410 $66,332
2013 $687 $1,114 $106,333 $67,378
2012 $686 $1,076 $104,628 $65,774
2011 $618 $1,064 $103,545 $62,460
2010 $496 $1,000 $90,020 $58,213
2009 $548 $951 $81,940 $55,648
2008 $592 $916 $99,002 $62,073
2007 $508 $862 $86,600 $56,179
2006 $457 $798 $75,048 $54,358
2005 $437 $721 $67,358 $47,967
2004 $400 $673 $57,855 $42,667
2003 $339 $620 $50,208 $38,680
2002 $314 $580 $43,048 $38,056
2001 $305 $533 $38,458 $37,829
2000 $327 $472 $37,992 $36,994
1999 $354 $468 $36,151 $30,574
1998 $320 $422 $34,516 $28,200
1997 $287.5 $387 $36,324 $28,610
1996 $244.4 $350 $37,073 $26,826
1995 $191.8 $321 $34,659 $24,360
1994 $196.8 $326 $29,130 $23,027
1993 $205.2 $321 $27,793 $21,584
1992 $205.6 $292 $30,328 $20,623
1991 $288.7 $315 $28,427 $19,580
1990 - $296 $28,137 $18,461
1989 - - $24,185 -
1988 - - $24,112 -
1987 - - $22,430 -
1986 - - $18,822 -
1985 - - $15,704 -
1984 - - $14,943 -
1983 - - $14,877 -
1982 - - $15,178 -
1981 - - $15,463 -
1980 - - $15,708 -
1979 - - $12,998 -
1978 - - $11,421 -
1977 - - $10,230 -
1976 - - $8,896 -
1975 - - $8,171 -
1974 - - $6,783 -
1973 - - $5,664 -
1972 - - $4,395 -
1971 - - $3,721 -
1970 - - $3,291 -
1969 - - $2,881 -
1968 - - $2,667 -
1967 - - $2,519 -
1966 - - $2,321 -
1965 - - $2,168 -
1964 - - $1,941 -
1963 - - $1,779 -
1962 - - $1,670 -
1961 - - $1,563 -
1960 - - $1,444 -

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

GeoRank.org/economy/mozambique/norway | CC BY

Mozambique's GDP per capita is $627, ranking 193/197, compared to $94,594 in Norway, ranking 9/197. Adjusted for purchasing power (GDP per capita PPP), Mozambique ranks 192nd at $1,705, while Norway ranks 7th at $102,038.

Economic indicators

Mozambique Norway
Gross domestic product
$22.3B
2025
$531B
2025
GDP rank
127/197
2025
32/197
2025
GDP growth
-0.52%
2024-2025
1.09%
2024-2025
GDP per capita
$627
2025
$94,594
2025
GDP per capita rank
193/197
2025
9/197
2025
GDP per capita, PPP
$1,705
2024
$102,038
2024
GDP per capita PPP rank
192/197
2024
7/197
2024
Government debt
$22.9B
2025
$239B
2025
Debt-to-GDP ratio
102.5%
2025
45%
2025
Government debt per person
$643
2025
$42,567
2025
Government debt per person rank
158/185
2025
15/185
2025
Average annual personal income after taxes
$1,324
2026
$50,036
2026
Market capitalization of domestic companies n/a
$296B
2019
Number of millionaires n/a
348,000
2025
Number of billionaires n/a
17
2026
Income share by richest 10%
40.8%
2022
21.6%
2023
Income share by poorest 10%
1.7%
2022
3.6%
2023
Government expenditure, % of GDP
30.3%
2025
49.6%
2025
Consumer prices inflation
4.4%
2024-2025
3.06%
2024-2025
Central bank interest rate
9.25%
2026
4.25%
2026
Unemployment rate
6.79%
2022
4.5%
2025
Population
37173146
5660666

Spending and national debt comparison by year

Mozambique
Spending

Debt
Norway
Spending

Debt
1x
Year % of GDP
Mozambique Norway
Government spending Government debt Government spending Government debt
2025 30.3% 102.5% 49.6% 45%
2024 33.3% 91.4% 46.9% 52.8%
2023 33.3% 90.8% 44.2% 42.4%
2022 32.9% 100.4% 36.2% 34.8%
2021 32.1% 104.3% 44.7% 40.1%
2020 33.9% 120% 54.5% 44.3%
2019 28% 98.3% 48.4% 39%
2018 31.2% 105.5% 46.1% 38.1%
2017 28.6% 103.8% 47.6% 36.9%
2016 28.7% 124.8% 48.8% 36.7%
2015 32.2% 86% 46.7% 33.2%
2014 39.7% 63.4% 44% 28.8%
2013 31.7% 49.5% 42.3% 30.6%
2012 28.1% 36.7% 41.4% 30.2%
2011 28.9% 34.2% 42.3% 28.9%
2010 26.6% 38.6% 43.6% 42.1%
2009 25.7% 39.3% 44.7% 41.7%
2008 21.3% 32.8% 39.2% 46.8%
2007 20.9% 31.2% 40.5% 48.9%
2006 20.1% 40% 40.1% 52.2%
2005 17% 60.1% 41.6% 42.1%
2004 17.8% 50.8% 44.7% 43.8%
2003 18.6% 63.2% 47.7% 43.1%
2002 18.6% 63.4% 46.3% 34%
2001 20.8% 99.8% 43.4% 27.3%
2000 17.2% 95.8% 41.5% 28.8%
1999 15.6% 94.7% 46.7% 25.1%
1998 14.9% - 48.2% 23.8%
1997 16.5% - 45.9% 26%
1996 14.9% - 47.4% 28.6%
1995 18.8% - 49.6% 32.9%
1994 22.9% - 49.7% 51%
1993 20.7% - 50.5% 54%
1992 21.1% - 51.6% 45.3%
1991 17.3% - 50.3% 39.5%
1990 21% - 49.1% 29.1%
1989 27% - 52.2% 30.4%
1988 27% - 52.6% 30.5%
1987 22.9% - 50.5% 31.3%
1986 24.2% - 48.1% 37.8%
1985 21% - 44% 30.2%
1984 30.9% - 44.5% 27.8%
1983 35.3% - 46.4% 27.4%
1982 27% - 46.6% 29.7%
1981 23.8% - 46.1% 32.9%
1980 14.2% - 46.1% 36.8%
1979 - - 47.2% 39.6%
1978 - - 47.9% 49.9%
1977 - - 46.5% 43.8%
1976 - - 45.2% 38.5%
1975 - - 43.5% 36.7%
1974 - - 42.2% 35.4%
1973 - - 42.3% 37.7%
1972 - - 42.2% 38.9%
1971 - - 40.7% 38.5%
1970 - - 38.9% 38.6%
1969 - - 38% 22.3%
1968 - - 36.2% 22.5%
1967 - - 34.9% 22.6%
1966 - - 33.5% 22.4%
1965 - - 32.9% 23%
1964 - - 32% 24.2%
1963 - - 31.9% 25.3%
1962 - - 30.6% 26.7%
1961 - - 20.4% 27.7%
1960 - - 18% 29.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/mozambique/norway | CC BY

In 2025, Mozambique's government spending was $6.76B, accounting for 30.3% of its GDP, while Norway spent $263B, or 49.6% of GDP.

Debt-to-GDP ratio is 102.5% in Mozambique and 45% in Norway, ranking 21/185 and 117/185, respectively.

Government deficit by year

Deficit/surplus
Mozambique

Norway
1x
Year Deficit/surplus, % of GDP
Mozambique Norway
2025 -3.97% 9.34%
2024 -6.23% 12.8%
2023 -4.26% 15.9%
2022 -5.22% 24.7%
2021 -5.23% 9.93%
2020 -6.19% -2.46%
2019 1.7% 6.28%
2018 -5.7% 7.56%
2017 -1.99% 4.79%
2016 -5.06% 3.91%
2015 -6.55% 5.8%
2014 -9.75% 8.34%
2013 -2.46% 10.3%
2012 -3.45% 13.4%
2011 -4.34% 13%
2010 -3.4% 10.6%
2009 -4.35% 10%
2008 -1.9% 18.3%
2007 -2.19% 16.8%
2006 -3.03% 17.7%
2005 -2.06% 14.7%
2004 -3.17% 10.8%
2003 -2.64% 7.21%
2002 -3.36% 9.05%
2001 -4.43% 13.2%
2000 -1.26% 15.1%
1999 -0.31% 5.75%
1998 -1.08% 3.09%
1997 -1.81% 7.41%
1996 -2.07% 6.05%
1995 -2.46% 2.98%
1994 -4% 0.04%
1993 -2.53% -1.65%
1992 -1.85% -2.08%
1991 -2.01% -0.12%
1990 -4.42% 1.96%
1989 -4.23% 1.81%
1988 -6.47% 2.65%
1987 -7.24% 4.56%
1986 -12.1% 5.87%
1985 -9.69% 9.84%
1984 -13.4% 6.97%
1983 -15.8% 6.03%
1982 -3.61% 3.96%
1981 -7.41% 4.82%
1980 -1.47% 5.38%
1979 - 2.16%
1978 - 0.94%
1977 - 1.01%
1976 - 2.2%
1975 - 2.88%
1974 - 4.06%
1973 - 4.99%
1972 - 3.93%
1971 - 3.71%
1970 - 2.83%
1969 - 3.57%
1968 - 3.38%
1967 - 4.19%
1966 - 3.59%
1965 - 2.78%
1964 - 3.08%
1963 - 2.6%
1962 - 4%
1961 - -0.7%
1960 - 1.42%
1959 - 1.89%
1958 - 1.7%
1957 - 1.55%
1956 - 1.22%
1955 - 0.82%
1954 - -0.54%
1953 - 1.3%
1952 - 2.15%
1951 - 1.59%
1950 - -0.89%
1949 - -0.72%
1948 - -0.35%
1947 - -4.66%
1946 - -3.82%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -0.54%
1938 - 0.03%
1937 - -0.16%
1936 - -0.7%
1935 - -1.1%
1934 - -0.59%
1933 - -1.29%
1932 - -1.14%
1931 - -1.15%
1930 - -0.46%
1929 - -0.83%
1928 - -0.81%
1927 - -0.76%
1926 - -1.59%
1925 - -1.92%
1924 - -2.96%
1923 - -3.58%
1922 - -4.28%
1921 - -5.47%
1920 - -1.15%
1919 - -2.11%
1918 - -1.17%
1917 - 0.2%
1916 - -0.36%
1915 - -2.04%
1914 - -1.09%
1913 - -0.9%
1912 - -0.89%
1911 - -0.05%
1910 - 0.3%
1909 - -0.52%
1908 - -0.06%
1907 - 0.16%
1906 - -0.59%
1905 - -0.52%
1904 - -0.75%
1903 - -1.12%
1902 - -1.52%
1901 - -1.41%
1900 - -1.99%
1899 - -1.35%
1898 - -1.39%
1897 - -0.63%
1896 - -1.57%
1895 - -1.66%
1894 - -1.13%
1893 - -1.25%
1892 - -0.94%
1891 - -0.44%
1890 - -0.2%
1889 - -0.07%
1888 - -0.23%
1887 - -0.17%
1886 - -0.2%
1885 - -0.005%
1884 - -0.08%
1883 - -0.17%
1882 - -0.62%
1881 - -1.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/mozambique/norway | CC BY

In 2025, Mozambique's government deficit, the difference between spending and revenue, was $886M, equivalent to 3.97% of GDP. This compares to Norway's surplus of $49.6B, or 9.34% of GDP.

Over the past 35 years, Mozambique recorded a fiscal deficit in 34 of those years, while Norway ran a deficit in 4 years. On average, Mozambique posted an annual deficit equal to 3.39% of GDP, compared to surplus of 8.81% of GDP for Norway.

Inflation comparison by year

Inflation
Mozambique

Norway
1x
Year Consumer prices inflation
Mozambique Norway
2025 4.4% 3.06%
2024 3.2% 3.15%
2023 7% 5.52%
2022 10.4% 5.76%
2021 6.6% 3.48%
2020 0.9% 1.29%
2019 5.7% 2.17%
2018 3.2% 2.76%
2017 15.8% 1.88%
2016 18.4% 3.55%
2015 3.6% 2.17%
2014 2.6% 2.04%
2013 4.3% 2.12%
2012 2.6% 0.7%
2011 11.2% 1.28%
2010 12.4% 2.42%
2009 3.8% 2.2%
2008 14.5% 3.75%
2007 10.4% 0.71%
2006 13.2% 2.33%
2005 6.4% 1.53%
2004 12.6% 0.45%
2003 13.5% 2.49%
2002 16.8% 1.29%
2001 9.1% 3%
2000 12.7% 3.09%
1999 2.9% 2.37%
1998 1.5% 2.25%
1997 7.4% 2.57%

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/mozambique/norway | CC BY

Over the past 29 years, Mozambique has recorded an average annual inflation rate of 8.18%, compared with 2.46% in Norway. In 2025, inflation was 4.4% in Mozambique and 3.06% in Norway.

Top exports between countries

Mozambique
Export category Export value
Chemicals & pharma $207K
Machinery & equipment $51K
Raw materials & minerals $48K
Textiles & consumer goods $17K
Metals $6K
Processed food, beverages & tobacco $4K
Miscellaneous $1K
Raw agricultural goods $1K
Norway
Export category Export value
Machinery & equipment $1.2M
Metals $532K
Textiles & consumer goods $184K
Chemicals & pharma $70K
Raw materials & minerals $38K
Miscellaneous $37K
Wood & paper products $3K

Balance of trade

Mozambique Norway
Current account balance
-$2.49B
2024
$74.1B
2025
Current account balance ranking
148/190
2024
10/190
2025
Current account balance, % of GDP
-11%
2024
+14%
2025
Goods imports
$8.38B
2024
$105B
2025
Goods exports
$8.21B
2024
$177B
2025
Service imports
$2.11B
2024
$73.9B
2025
Service exports
$1.15B
2024
$63.5B
2025
Imports of goods and services, % of GDP
55.7%
2025
33.7%
2025
Exports of goods and services, % of GDP
41.4%
2025
45.4%
2025

Economic freedom indices

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

Mozambique Norway
Economic freedom 49.6 78.8
Economic freedom ranking 164/197 9/197
Property rights 29.7 99.6
Government integrity 25.1 94.3
Judicial effectiveness 43.4 96.4
Tax burden 75.8 63.3
Government spending 67 42
Fiscal health 39.1 96.4
Business freedom 40.2 91.2
Labor freedom 47.7 69.3
Monetary freedom 76.2 72.4
Trade freedom 71.2 85.6
Investment freedom 40 75
Financial freedom 40 60

Economic freedom comparison by year

Mozambique
Norway
1x
Year Economic freedom index
Mozambique Norway
2026 49.6 78.8
2025 50.7 78.3
2024 50.7 77.5
2023 52.5 76.9
2022 51.3 76.9
2021 51.6 73.4
2020 50.5 73.4
2019 48.6 73
2018 46.3 74.3
2017 49.9 74
2016 53.2 70.8
2015 54.8 71.8
2014 55 70.9
2013 55 70.5
2012 57.1 68.8
2011 56.8 70.3
2010 56 69.4
2009 55.7 70.2
2008 55.4 68.6
2007 54.7 67.9
2006 51.9 67.9
2005 54.6 64.5
2004 57.2 66.2
2003 58.6 67.2
2002 57.7 67.4
2001 59.2 67.1
2000 52.2 70.1
1999 48.9 68.6
1998 43 68
1997 44 65.1
1996 48.4 65.4
1995 45.5 -

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

GeoRank.org/economy/mozambique/norway | CC BY

The Economic Freedom Index for Mozambique is 49.6, ranking 164/197, compared to 78.8 for Norway, ranking 9/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mozambique Norway
Services, % of GDP
42%
2025
55%
2025
Industry, % of GDP
22.1%
2025
34.5%
2025
Agriculture, forestry, and fishing, % of GDP
25.6%
2025
1.64%
2025
GNI, Atlas method
$20.4B
2025
$546B
2025
GNI per capita, PPP
$1,540
2025
$107,770
2025
Total reserves including gold
$3.84B
2024
$85.5B
2025
Total reserves ranking
112/177
2024
34/177
2025
Net foreign direct investment
-$3.55B
2024
$8.93B
2025
Net inflows of foreign direct investment
$3.51B
2024
$12.1B
2024
Net outflows of foreign direct investment
-$44.1M
2024
$5.62B
2024
Servicing debt to the IMF, % of GNI
22.4%
2024
n/a
Poverty at national poverty lines
65%
2022
12.2%
2021
Gross capital formation, % of GDP
24.2%
2025
23.2%
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/mozambique/norway | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.