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Economy of Nauru vs Sweden compared: GDP & Debt

Updated on by Georank

Nauru has a GDP of $176M compared to $669B for Sweden, ranking 195/197 and 26/197 by economy size, respectively.

Nauru has $25.8M in government debt (14.6% of GDP), compared to $234B (34.9% of GDP) in Sweden.

Nauru vs Sweden GDP by year

Nauru
Sweden
1x
Year GDP, current $
Nauru Sweden
2025 $176,040,044 $668,998,664,082
2024 $167,833,415 $604,827,393,489
2023 $161,531,317 $578,990,915,246
2022 $180,671,357 $575,071,237,641
2021 $149,268,324 $631,693,331,301
2020 $124,685,688 $544,265,668,452
2019 $125,160,116 $530,894,124,494
2018 $130,995,566 $549,649,344,043
2017 $109,355,639 $535,172,356,785
2016 $97,541,943 $513,058,312,951
2015 $84,863,441 $501,602,351,912
2014 $99,149,244 $577,727,767,304
2013 $94,385,015 $584,125,353,119
2012 $101,055,723 $549,739,674,655
2011 $65,071,880 $570,538,581,144
2010 $47,562,845 $492,750,897,239
2009 $44,176,246 $434,311,714,442
2008 $37,602,265 $514,614,100,833
2007 $22,766,972 $490,047,789,548
2006 $29,200,359 $422,528,394,459
2005 $30,070,666 $391,688,455,929
2004 $30,587,566 $384,545,442,175
2003 $24,778,160 $334,072,443,516
2002 $21,017,424 $267,371,907,447
2001 $22,613,288 $242,497,797,485
2000 $26,930,980 $262,903,560,280
1999 $27,328,613 $274,318,357,862
1998 $29,664,451 $270,887,306,759
1997 $37,331,507 $268,249,616,891
1996 $37,458,801 $291,949,597,375
1995 $39,969,706 $267,050,453,507
1994 $39,742,511 $228,699,066,874
1993 $43,542,088 $212,644,602,616
1992 $51,133,123 $283,908,914,454
1991 $52,533,789 $273,831,464,572
1990 $55,572,376 $261,466,577,009
1989 $53,736,786 $217,632,340,195
1988 $45,931,134 $206,686,590,776
1987 $40,118,410 $182,744,315,974
1986 $39,939,391 $150,279,869,729
1985 $41,548,741 $113,958,084,357
1984 $47,363,231 $109,043,045,407
1983 $48,439,093 $104,862,109,663
1982 $52,877,742 $114,214,731,799
1981 $51,689,637 $129,498,921,476
1980 $46,947,124 $141,886,067,004
1979 $44,431,330 $123,207,527,699
1978 $41,754,147 $104,290,933,496
1977 $40,444,702 $94,331,782,622
1976 $40,287,427 $89,232,517,046
1975 $40,106,776 $82,765,232,648
1974 $35,994,511 $65,917,634,590
1973 $26,529,817 $59,318,842,992
1972 $21,734,269 $48,883,173,400
1971 $19,009,433 $41,506,151,115
1970 $17,570,366 $38,037,226,668
1969 - $33,967,301,561
1968 - $31,277,871,669
1967 - $29,474,881,506
1966 - $27,154,716,721
1965 - $24,963,947,415
1964 - $22,685,490,195
1963 - $20,342,131,882
1962 - $18,794,066,990
1961 - $17,329,620,585
1960 - $15,930,075,467

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

GeoRank.org/economy/nauru/sweden | CC BY

GDP per capita in Nauru vs Sweden by year

Nauru
GDP per capita

GDP per capita, PPP
Sweden
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nauru Sweden
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,640 - $63,133 -
2024 $14,048 $14,173 $57,223 $71,845
2023 $13,603 $13,732 $54,950 $69,226
2022 $15,310 $13,245 $54,837 $67,076
2021 $12,748 $12,112 $60,648 $62,732
2020 $10,709 $10,811 $52,569 $57,489
2019 $10,802 $10,555 $51,649 $57,046
2018 $11,414 $9,657 $54,018 $53,122
2017 $9,657 $9,650 $53,210 $51,474
2016 $8,748 $10,281 $51,704 $50,290
2015 $7,747 $9,955 $51,188 $48,772
2014 $9,230 $9,726 $59,583 $46,841
2013 $8,975 $8,429 $60,844 $46,098
2012 $9,843 $8,153 $57,750 $45,207
2011 $6,444 $6,544 $60,379 $44,333
2010 $4,736 $5,620 $52,543 $41,951
2009 $4,411 $5,568 $46,708 $40,094
2008 $3,757 $5,863 $55,817 $41,907
2007 $2,272 $4,789 $53,568 $40,813
2006 $2,910 $5,975 $46,531 $37,672
2005 $2,992 $5,336 $43,378 $34,198
2004 $3,041 $5,169 $42,758 $33,805
2003 $2,463 $5,261 $37,292 $31,788
2002 $2,085 $5,132 $29,958 $30,987
2001 $2,232 $5,587 $27,259 $29,946
2000 $2,649 $5,838 $29,633 $29,636
1999 $2,683 $6,118 $30,969 $27,496
1998 $2,909 $6,450 $30,605 $25,897
1997 $3,661 $7,231 $30,324 $24,817
1996 $3,679 $7,818 $33,022 $23,952
1995 $3,932 $8,726 $30,254 $23,084
1994 $3,921 $9,308 $26,046 $21,835
1993 $4,310 $9,513 $24,390 $20,700
1992 $5,103 $11,167 $32,753 $20,767
1991 $5,333 $13,265 $31,777 $20,663
1990 $5,776 $16,215 $30,549 $20,357
1989 $5,723 - $25,625 -
1988 $5,012 - $24,499 -
1987 $4,485 - $21,761 -
1986 $4,569 - $17,955 -
1985 $4,859 - $13,647 -
1984 $5,654 - $13,080 -
1983 $5,896 - $12,590 -
1982 $6,577 - $13,719 -
1981 $6,594 - $15,564 -
1980 $6,138 - $17,073 -
1979 $5,950 - $14,856 -
1978 $5,721 - $12,602 -
1977 $5,646 - $11,432 -
1976 $5,703 - $10,853 -
1975 $5,740 - $10,103 -
1974 $5,199 - $8,078 -
1973 $3,864 - $7,291 -
1972 $3,191 - $6,018 -
1971 $2,811 - $5,125 -
1970 $2,619 - $4,729 -
1969 - - $4,263 -
1968 - - $3,953 -
1967 - - $3,746 -
1966 - - $3,478 -
1965 - - $3,228 -
1964 - - $2,961 -
1963 - - $2,675 -
1962 - - $2,485 -
1961 - - $2,304 -
1960 - - $2,128 -

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

GeoRank.org/economy/nauru/sweden | CC BY

Nauru's GDP per capita is $14,640, ranking 74/197, compared to $63,133 in Sweden, ranking 15/197. Adjusted for purchasing power (GDP per capita PPP), Nauru ranks 119th at $14,173, while Sweden ranks 23rd at $71,845.

Economic indicators

Nauru Sweden
Gross domestic product
$176M
2025
$669B
2025
GDP rank
195/197
2025
26/197
2025
GDP growth
2.14%
2024-2025
1.54%
2024-2025
GDP per capita
$14,640
2025
$63,133
2025
GDP per capita rank
74/197
2025
15/197
2025
GDP per capita, PPP
$14,173
2024
$71,845
2024
GDP per capita PPP rank
119/197
2024
23/197
2024
Government debt
$25.8M
2025
$234B
2025
Debt-to-GDP ratio
14.6%
2025
34.9%
2025
Government debt per person
$2,145
2025
$22,057
2025
Government debt per person rank
118/185
2025
31/185
2025
Average annual personal income after taxes
$9,187
2026
$40,083
2026
Market capitalization of domestic companies n/a
$290B
2003
Number of millionaires n/a
507,000
2026
Number of billionaires n/a
50
2026
Income share by richest 10%
25.3%
2012
22.3%
2023
Income share by poorest 10%
3.4%
2012
2.8%
2023
Government expenditure, % of GDP
128.7%
2025
49.4%
2025
Consumer prices inflation
6.1%
2024-2025
0.68%
2024-2025
Central bank interest rate n/a
1.75%
2025
Unemployment rate
5.06%
2021
8.8%
2025
Population
12139
10665077

Spending and national debt comparison by year

Nauru
Spending

Debt
Sweden
Spending

Debt
1x
Year % of GDP
Nauru Sweden
Government spending Government debt Government spending Government debt
2025 128.7% 14.6% 49.4% 34.9%
2024 118.4% 16.9% 49.3% 33.9%
2023 111% 19.2% 48.9% 32.1%
2022 113.8% 18.9% 48.3% 34.2%
2021 109.5% 24.2% 49.3% 37.3%
2020 109.4% 56.3% 52% 40.4%
2019 106% 59.6% 48.8% 35.8%
2018 90.8% 71.1% 49.8% 39.9%
2017 102.3% 78% 49.2% 41.6%
2016 96% 86.3% 49.5% 42.9%
2015 85.4% 113% 49.4% 44.5%
2014 61.3% 147.7% 50.7% 45.7%
2013 66% 166.9% 51.4% 40.8%
2012 46% 157.3% 50.2% 38%
2011 44.7% 236.8% 49.1% 37.7%
2010 73.8% 298.9% 49.7% 38.6%
2009 68% 295.6% 51.7% 41.2%
2008 - - 49.4% 37.9%
2007 - - 48.5% 39.2%
2006 - - 50.1% 43.8%
2005 - - 51.2% 48.9%
2004 - - 51.7% 48.7%
2003 - - 53% 49.5%
2002 - - 52.7% 49.9%
2001 - - 51.7% 52%
2000 - - 52.2% 50.4%
1999 - - 55.2% 60.3%
1998 - - 55.6% 65.4%
1997 - - 57.9% 67.7%
1996 - - 60% 68.9%
1995 - - 62.1% 68.7%
1994 - - 65.3% 68.6%
1993 - - 67.9% 66.1%
1992 - - 66.5% 45.7%
1991 - - 61.2% 40.2%
1990 - - 57.5% 40.3%
1989 - - 35.8% 44.8%
1988 - - 37.9% 50.3%
1987 - - 40.9% 56%
1986 - - 42.1% 59.5%
1985 - - 47.6% 61.2%
1984 - - 46.7% 57.5%
1983 - - 48.6% 54.5%
1982 - - 46.4% 47.9%
1981 - - 46.1% 41.5%
1980 - - 41% 34.4%
1979 - - 39.9% 28.3%
1978 - - 39.1% 24%
1977 - - 35.7% 21%
1976 - - 32.3% 19%
1975 - - 30.6% 19.9%
1974 - - 30.1% 19.4%
1973 - - 31.1% 18%
1972 - - 31.9% 17.2%
1971 - - 29.8% 16.9%
1970 - - 29.5% 16.9%
1969 - - 28.7% 17.6%
1968 - - 28.3% 17.6%
1967 - - 27.7% 16.1%
1966 - - 26.5% 15.3%
1965 - - 24.6% 17%
1964 - - 23.4% 18.7%
1963 - - 24.4% 20.7%
1962 - - 23.4% 23%
1961 - - 23.7% 26%
1960 - - 24.4% 28.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-07-08).

GeoRank.org/economy/nauru/sweden | CC BY

In 2025, Nauru's government spending was $227M, accounting for 128.7% of its GDP, while Sweden spent $331B, or 49.4% of GDP.

Debt-to-GDP ratio is 14.6% in Nauru and 34.9% in Sweden, ranking 176/185 and 144/185, respectively.

Government deficit by year

Deficit/surplus
Nauru

Sweden
1x
Year Deficit/surplus, % of GDP
Nauru Sweden
2025 3.51% -1.41%
2024 28.9% -1.5%
2023 18.2% -0.63%
2022 20.5% 1%
2021 52.4% -0.15%
2020 42.8% -3.18%
2019 31% 0.44%
2018 29.6% 0.67%
2017 16.2% 1.29%
2016 18.9% 0.86%
2015 10.7% -0.27%
2014 29.6% -1.84%
2013 1.71% -1.63%
2012 8.12% -1.19%
2011 2.73% -0.41%
2010 0.09% -0.14%
2009 0.37% -0.89%
2008 - 1.87%
2007 - 3.37%
2006 - 2.2%
2005 - 2.08%
2004 - 0.17%
2003 - -1.25%
2002 - -1.46%
2001 - 1.37%
2000 - 3.11%
1999 - 0.6%
1998 - 0.82%
1997 - -1.57%
1996 - -3.11%
1995 - -7.01%
1994 - -8.77%
1993 - -10.9%
1992 - -8.51%
1991 - 0.28%
1990 - 3.7%
1989 - 1.5%
1988 - -0.64%
1987 - -2%
1986 - -6.21%
1985 - -9.91%
1984 - -12.1%
1983 - -15.1%
1982 - -13.4%
1981 - -12.8%
1980 - -11.5%
1979 - -9.95%
1978 - -7.32%
1977 - -3.32%
1976 - -1.27%
1975 - -4.05%
1974 - -4.12%
1973 - -3.28%
1972 - -2.17%
1971 - -1.67%
1970 - -2.64%
1969 - -2.03%
1968 - -2.37%
1967 - -1.41%
1966 - -0.33%
1965 - -0.17%
1964 - -0.1%
1963 - 0.41%
1962 - 0.7%
1961 - 0.56%
1960 - -2.67%
1959 - -2.53%
1958 - -2.31%
1957 - -2.1%
1956 - -1.21%
1955 - -1.72%
1954 - -1.52%
1953 - -2.47%
1952 - -0.16%
1951 - -0.9%
1950 - -1.64%
1949 - -0.74%
1948 - 0.29%
1947 - -1.08%
1946 - -0.61%
1945 - -8.04%
1944 - -8.66%
1943 - -10.7%
1942 - -11.8%
1941 - -13.1%
1940 - -8.16%
1939 - -1.13%
1938 - -0.07%
1937 - 0.46%
1936 - -0.64%
1935 - -2.19%
1934 - -1.88%
1933 - -4.1%
1932 - -1.56%
1931 - -0.05%
1930 - 0.09%
1929 - -0.39%
1928 - -0.06%
1927 - -1.14%
1926 - -1.11%
1925 - -1.44%
1924 - -0.99%
1923 - -1.65%
1922 - -3.17%
1921 - -3.55%
1920 - -0.6%
1919 - 0.17%
1918 - -8.59%
1917 - -0.26%
1916 - -0.23%
1915 - -0.94%
1914 - -0.55%
1913 - -0.17%
1912 - -0.51%
1911 - -0.87%
1910 - -0.81%
1909 - -2.08%
1908 - -2.27%
1907 - -0.68%
1906 - -0.66%
1905 - -0.34%
1904 - -0.56%
1903 - 0.08%
1902 - -1.57%
1901 - -1.34%
1900 - -0.32%
1899 - 0.57%
1898 - 0.91%
1897 - 1.09%
1896 - -0.59%
1895 - 1%
1894 - 0.47%
1893 - -0.49%
1892 - -0.68%
1891 - -0.6%
1890 - 0.33%
1889 - 0.19%
1888 - -0.05%
1887 - -1.5%
1886 - -0.98%
1885 - -0.08%
1884 - 0.24%
1883 - 0.16%
1882 - 0.36%
1881 - -0.17%
1880 - -0.47%
1879 - -1.89%
1878 - -2.04%
1877 - -1.21%
1876 - -1.07%
1875 - -1.26%
1874 - -1.05%
1873 - 0.06%
1872 - -0.15%
1871 - 0.22%
1870 - -0.42%
1869 - -1.52%
1868 - -1.67%
1867 - -1.17%
1866 - -3.01%
1865 - -2.02%
1864 - -2.3%
1863 - -1.58%
1862 - -1.35%
1861 - -1.11%
1860 - -2.03%
1859 - -2.17%
1858 - -2.36%
1857 - -0.62%
1856 - -0.08%
1855 - -0.09%
1854 - -0.19%
1853 - 0.17%
1852 - -0.31%
1851 - -0.07%
1850 - 0.004%
1849 - 0.09%
1848 - 0.12%
1847 - 0.08%
1846 - 0.13%
1845 - 0.04%
1844 - 0.009%
1843 - 0.05%
1842 - -0.12%
1841 - 0.06%
1840 - -0.01%
1839 - -0.006%
1838 - 0.09%
1837 - -0.38%
1836 - -0.08%
1835 - 0.08%
1834 - -0.12%
1833 - 0.09%
1832 - 0.01%
1831 - -0.1%
1830 - -0.45%
1829 - 2.7%
1828 - 0.03%
1827 - -0.16%
1826 - 0.37%
1825 - 0.18%
1824 - -0.23%
1823 - 0.37%
1822 - -0.03%
1821 - -0.49%
1820 - 0.26%
1819 - 0.09%
1818 - 0.35%
1817 - 0.35%
1816 - 0.16%
1815 - 2.34%
1814 - -0.45%
1813 - -0.37%
1812 - 3.47%
1811 - -0.48%
1810 - -3.05%
1809 - -7.65%
1808 - -5.04%
1807 - 0.1%
1806 - 0.55%
1805 - 0.52%
1804 - -0.25%
1803 - 11.6%
1802 - 2.17%
1801 - 0.01%
1800 - -0.44%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1800–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/nauru/sweden | CC BY

In 2025, Nauru's government surplus, the difference between spending and revenue, was $6.19M, equivalent to 3.51% of GDP. This compares to Sweden's deficit of $9.43B, or 1.41% of GDP.

Over the past 17 years, Nauru recorded a fiscal deficit in 0 of those years, while Sweden ran a deficit in 12 years. On average, Nauru posted an annual surplus equal to 18.5% of GDP, compared to deficit of 0.53% of GDP for Sweden.

Inflation comparison by year

Inflation
Nauru

Sweden
1x
Year Consumer prices inflation
Nauru Sweden
2025 6.1% 0.68%
2024 9.3% 2.84%
2023 4.8% 8.55%
2022 1.1% 8.37%
2021 2% 2.16%
2020 0.9% 0.5%
2019 4.1% 1.78%
2018 1.1% 1.95%
2017 4.5% 1.79%
2016 8.1% 0.98%
2015 9.8% -0.05%
2014 0.3% -0.18%
2013 -1.1% -0.04%
2012 0.3% 0.89%
2011 -3.4% 2.96%
2010 -2% 1.16%
2009 22.4% -0.49%
2008 1% 3.44%
2007 5.6% 2.21%
2006 19.3% 1.36%
2005 8.7% 0.45%
2004 - 0.37%
2003 - 1.93%
2002 - 2.16%
2001 - 2.41%
2000 - 0.9%
1999 - 0.46%
1998 - -0.27%
1997 - 0.66%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2005–2025, retrieved 2026-07-08).

GeoRank.org/economy/nauru/sweden | CC BY

Over the past 21 years, Nauru has recorded an average annual inflation rate of 4.9%, compared with 1.97% in Sweden. In 2025, inflation was 6.1% in Nauru and 0.68% in Sweden.

Top exports between countries

Nauru
Export category Export value
Machinery & equipment $58K
Raw materials & minerals $4K
Sweden
Export category Export value
Chemicals & pharma $32K
Wood & paper products $1K

Balance of trade

Nauru Sweden
Current account balance
$9.73M
2024
$40.5B
2025
Current account balance ranking
69/190
2024
15/190
2025
Current account balance, % of GDP
+5.8%
2024
+6.06%
2025
Goods imports
$92.7M
2024
$201B
2025
Goods exports
$25.5M
2024
$233B
2025
Service imports
$88.2M
2024
$144B
2025
Service exports
$64.6M
2024
$132B
2025
Imports of goods and services, % of GDP
103.7%
2025
51.1%
2025
Exports of goods and services, % of GDP
61.8%
2025
53.2%
2025

Economic freedom indices

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

Nauru Sweden
Economic freedom 60 77.8
Economic freedom ranking 97/197 14/197
Property rights n/a 96.2
Government integrity n/a 91.6
Judicial effectiveness n/a 95.6
Tax burden n/a 51.6
Government spending n/a 28.4
Fiscal health n/a 97.5
Business freedom n/a 84.8
Labor freedom n/a 65.8
Monetary freedom n/a 78.1
Trade freedom n/a 79.4
Investment freedom n/a 85
Financial freedom n/a 80

Other economic metrics

Nauru Sweden
Services, % of GDP n/a
67%
2025
Industry, % of GDP n/a
21%
2025
Agriculture, forestry, and fishing, % of GDP n/a
1.5%
2025
GNI, Atlas method
$249M
2025
$668B
2025
GNI per capita, PPP
$20,200
2025
$76,090
2025
Total reserves including gold n/a
$74.2B
2025
Total reserves ranking n/a
36/177
2025
Net foreign direct investment
$4.51M
2024
-$11.1B
2025
Net inflows of foreign direct investment
-$5.85M
2024
$30.7B
2024
Net outflows of foreign direct investment
-$1.34M
2024
$29.7B
2024
Poverty at national poverty lines n/a
16.1%
2022
Gross capital formation, % of GDP n/a
25.5%
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/nauru/sweden | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1800–1992, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (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.

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.