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Economy of Netherlands vs Solomon Islands compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $1.58B for the Solomon Islands, ranking 19/197 and 182/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $350M (22.1% of GDP) in the Solomon Islands.

Netherlands vs Solomon Islands GDP by year

Netherlands
Solomon Islands
1x
Year GDP, current $
Netherlands Solomon Islands
2024 $1,214,927,698,573 $1,583,964,704
2023 $1,135,475,867,551 $1,506,124,566
2022 $1,046,540,797,549 $1,466,670,930
2021 $1,054,472,123,450 $1,558,312,104
2020 $932,560,861,701 $1,536,143,428
2019 $928,903,005,576 $1,619,150,564
2018 $929,733,599,797 $1,615,473,250
2017 $848,233,537,846 $1,469,790,526
2016 $797,163,949,290 $1,379,486,291
2015 $775,743,675,303 $1,307,908,814
2014 $901,556,501,756 $1,335,576,763
2013 $883,951,539,007 $1,285,905,958
2012 $845,689,017,066 $1,185,217,634
2011 $913,140,741,333 $1,063,898,227
2010 $852,464,982,433 $898,128,551
2009 $878,954,223,140 $805,557,289
2008 $957,901,566,041 $776,335,523
2007 $853,499,460,873 $695,291,218
2006 $737,593,995,289 $617,257,458
2005 $688,133,699,636 $552,881,357
2004 $661,224,886,143 $468,000,121
2003 $582,435,617,082 $417,666,639
2002 $475,529,972,123 $346,406,739
2001 $432,536,219,669 $409,508,553
2000 $417,649,282,154 $419,842,674
1999 $447,778,514,140 $488,024,514
1998 $438,612,530,549 $457,579,840
1997 $417,506,211,882 $526,554,006
1996 $451,372,549,020 $510,586,430
1995 $452,967,334,614 $469,443,202
1994 $379,688,232,232 $402,837,005
1993 $354,070,495,966 $300,746,361
1992 $363,497,050,125 $269,034,596
1991 $327,982,316,124 $227,540,473
1990 $318,799,003,994 $214,877,667
1989 $258,716,904,292 $172,882,411
1988 $262,295,966,105 $176,494,394
1987 $245,406,949,521 $155,128,542
1986 $201,157,708,221 $147,620,048
1985 $144,057,523,222 $165,524,943
1984 $144,124,462,912 $181,570,474
1983 $153,671,294,109 $181,220,399
1982 $158,712,765,536 $192,902,019
1981 $164,375,775,854 $193,750,541
1980 $195,439,301,707 $182,852,107
1979 $179,933,827,310 $151,276,496
1978 $156,089,077,205 $111,027,427
1977 $127,203,923,857 $93,145,283
1976 $109,329,386,564 $83,100,834
1975 $100,397,061,694 $74,620,320
1974 $87,371,810,804 $84,539,332
1973 $71,946,639,603 $55,272,109
1972 $54,787,070,173 $40,606,712
1971 $44,644,730,576 $50,056,883
1970 $38,220,884,519 -
1969 $34,086,038,090 $28,606,411
1968 $30,097,635,751 $28,084,253
1967 $27,143,828,099 $25,203,524
1966 $24,741,480,717 -
1965 $22,721,869,808 -
1964 $20,232,048,553 -
1963 $17,193,744,109 -
1962 $15,847,582,341 -
1961 $14,599,836,396 -
1960 $13,282,979,015 -

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

GeoRank.org/economy/netherlands/solomon-islands | CC BY

GDP per capita in Netherlands vs Solomon Islands by year

Netherlands
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 $1,934 $2,675
2023 $63,516 $81,729 $1,883 $2,597
2022 $59,123 $78,630 $1,878 $2,496
2021 $60,142 $68,574 $2,043 $2,450
2020 $53,468 $62,597 $2,063 $2,405
2019 $53,555 $62,345 $2,224 $2,512
2018 $53,955 $58,819 $2,278 $2,494
2017 $49,514 $56,038 $2,144 $2,454
2016 $46,809 $53,162 $2,083 $2,421
2015 $45,794 $50,957 $2,045 $2,354
2014 $53,457 $49,751 $2,165 $2,377
2013 $52,602 $49,622 $2,161 $2,394
2012 $50,474 $47,653 $2,066 $2,320
2011 $54,702 $47,004 $1,924 $2,306
2010 $51,306 $45,301 $1,685 $2,182
2009 $53,172 $44,959 $1,555 $2,021
2008 $58,247 $46,714 $1,526 $1,989
2007 $52,101 $44,203 $1,390 $1,869
2006 $45,124 $41,208 $1,256 $1,786
2005 $42,165 $37,778 $1,144 $1,693
2004 $40,611 $35,961 $986 $1,556
2003 $35,897 $34,286 $896 $1,433
2002 $29,447 $34,568 $757 $1,344
2001 $26,956 $33,259 $912 $1,387
2000 $26,225 $31,895 $953 $1,503
1999 $28,319 $29,316 $1,134 $1,754
1998 $27,924 $27,749 $1,092 $1,785
1997 $26,745 $26,062 $1,292 $1,793
1996 $29,064 $24,564 $1,289 $1,830
1995 $29,301 $23,480 $1,220 $1,820
1994 $24,683 $22,414 $1,078 $1,668
1993 $23,156 $21,443 $829 $1,556
1992 $23,939 $20,831 $764 $1,505
1991 $21,764 $20,177 $666 $1,346
1990 $21,322 $19,203 $648 $1,266
1989 $17,423 - $538 -
1988 $17,771 - $567 -
1987 $16,734 - $515 -
1986 $13,804 - $506 -
1985 $9,941 - $586 -
1984 $9,992 - $665 -
1983 $10,696 - $686 -
1982 $11,089 - $756 -
1981 $11,537 - $786 -
1980 $13,812 - $768 -
1979 $12,817 - $658 -
1978 $11,196 - $500 -
1977 $9,180 - $434 -
1976 $7,937 - $401 -
1975 $7,346 - $372 -
1974 $6,450 - $433 -
1973 $5,353 - $291.3 -
1972 $4,110 - $219.5 -
1971 $3,384 - $277.1 -
1970 $2,931 - - -
1969 $2,647 - $165.9 -
1968 $2,364 - $166.9 -
1967 $2,155 - $153.5 -
1966 $1,986 - - -
1965 $1,848 - - -
1964 $1,668 - - -
1963 $1,437 - - -
1962 $1,342 - - -
1961 $1,254 - - -
1960 $1,156 - - -

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

GeoRank.org/economy/netherlands/solomon-islands | CC BY

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $1,934 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Netherlands Solomon Islands
Gross domestic product
$1.21T
2024
$1.58B
2024
GDP rank
19/197
2024
182/197
2024
GDP growth
1.08%
2023-2024
3%
2023-2024
GDP per capita
$67,520
2024
$1,934
2024
GDP per capita rank
13/197
2024
157/197
2024
GDP per capita, PPP
$86,174
2024
$2,675
2024
GDP per capita PPP rank
11/197
2024
183/197
2024
Government debt
$532B
2024
$350M
2024
Debt-to-GDP ratio
43.8%
2024
22.1%
2024
Government debt per person
$29,571
2024
$427
2024
Government debt per person rank
24/185
2024
169/185
2024
Average annual personal income after taxes
$47,815
2026
$1,776
2026
Market capitalization of domestic companies
$1.1T
2017
n/a
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
n/a
Income share by richest 10%
21.4%
2021
29.2%
2012
Income share by poorest 10%
3.6%
2021
2.8%
2012
Government expenditure, % of GDP
44.4%
2024
35.8%
2024
Consumer prices inflation
3.35%
2023-2024
4.32%
2023-2024
Unemployment rate
3.64%
2024
0.69%
2013
Population
18252623
863951

Spending and national debt comparison by year

Netherlands
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Netherlands Solomon Islands
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 35.8% 22.1%
2023 44% 45.9% 40.1% 20.3%
2022 43.3% 48.4% 40.8% 15.5%
2021 45.9% 50.5% 37.8% 15.9%
2020 47.8% 53.4% 40.4% 12.8%
2019 42.1% 47.7% 35.6% 7.82%
2018 42.4% 51.6% 34.8% 7.95%
2017 42.8% 56% 40.4% 8.77%
2016 43.9% 60.9% 39.6% 7.54%
2015 45.3% 63.8% 41.5% 7.88%
2014 46.7% 67.2% 39.8% 10.1%
2013 47.5% 67.2% 41.8% 11.6%
2012 47.6% 65.7% 29.4% 13.3%
2011 47.8% 61.2% 27% 18.3%
2010 48.9% 58.9% 23.9% 22.9%
2009 48.4% 56.3% 24.8% 18.9%
2008 44.3% 54.4% 27% 28.9%
2007 43.3% 42.7% 23.7% 33%
2006 44% 45% 19.9% 42.3%
2005 43.4% 49.6% 17% 44.7%
2004 44.7% 50.1% 14.7% 58.2%
2003 45.8% 49.8% 14.9% 61.3%
2002 44.8% 48.7% 16.7% 65.7%
2001 44.1% 49.4% 18.1% 52.8%
2000 43.2% 52.2% 18.7% 44.3%
1999 44.3% 58.6% 18.7% 42%
1998 44.6% 62.7% 15.5% 39.5%
1997 45.7% 65.7% 19.3% 25.9%
1996 47.3% 71.2% 24.2% -
1995 53.9% 73% 24.7% -
1994 49.4% 73.5% 30.2% -
1993 50.9% 76.7% 33.2% -
1992 50.2% 75.6% 35.1% -
1991 49.6% 74.8% 39.4% -
1990 48.8% 75% 30% -
1989 54.5% 73.7% - -
1988 56.4% 73.7% - -
1987 58.5% 71.3% - -
1986 57% 68.9% - -
1985 57.3% 67.1% - -
1984 58.1% 61.9% - -
1983 59.1% 58.4% - -
1982 59.1% 52.4% - -
1981 56.8% 46.9% - -
1980 55.2% 43.6% - -
1979 53.7% 39.5% - -
1978 52.3% 38.1% - -
1977 50.6% 34.9% - -
1976 50.8% 35.2% - -
1975 50.8% 36.1% - -
1974 46.4% 36.3% - -
1973 44.6% 38.1% - -
1972 44.9% 41.3% - -
1971 44.6% 43.7% - -
1970 43.2% 46.1% - -
1969 42.1% 48.2% - -
1968 25.4% 54.4% - -
1967 24.1% 55% - -
1966 24.4% 55.6% - -
1965 23.4% 55.8% - -
1964 22.3% 57.1% - -
1963 21.9% 61.7% - -
1962 22.1% 63.8% - -
1961 22.2% 65.9% - -
1960 20.4% 66.7% - -

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/netherlands/solomon-islands | CC BY

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while the Solomon Islands spent $567M, or 35.8% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 22.1% in the Solomon Islands, ranking 123/185 and 173/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Netherlands Solomon Islands
2024 -0.94% -3.08%
2023 -0.37% -3.81%
2022 0.002% -2.51%
2021 -2.26% -1.86%
2020 -3.72% -2.44%
2019 1.91% -1.52%
2018 1.49% 1.49%
2017 1.35% -2.27%
2016 0.23% -3.56%
2015 -1.84% 0.81%
2014 -2.17% 2.13%
2013 -2.87% 3.57%
2012 -3.83% 4.63%
2011 -4.42% 6.22%
2010 -5.3% 6.02%
2009 -5.06% 2.35%
2008 -0.06% 1.94%
2007 -0.16% 15.3%
2006 0.04% 13%
2005 -0.51% 13.4%
2004 -1.82% 17%
2003 -3.19% 10.6%
2002 -2.23% -4.35%
2001 -0.47% -2.4%
2000 1.14% -2.93%
1999 0.28% -0.32%
1998 -1.34% 5.04%
1997 -1.6% 2.14%
1996 -1.91% 3.73%
1995 -8.72% 3.19%
1994 -3.53% 4.33%
1993 -3.13% 2.45%
1992 -3.12% 4.13%
1991 -2.05% 0.14%
1990 -4.08% 0.58%
1989 -5% -
1988 -4.23% -
1987 -5.39% -
1986 -4.62% -
1985 -3.6% -
1984 -5.25% -
1983 -5.47% -
1982 -6.17% -
1981 -4.92% -
1980 -3.95% -
1979 -2.46% -
1978 -2.09% -
1977 -0.75% -
1976 -2.02% -
1975 -2.82% -
1974 -0.26% -
1973 0.54% -
1972 -0.7% -
1971 -1.58% -
1970 -1.52% -
1969 -1.14% -
1968 -3.06% -
1967 -1.97% -
1966 -2.37% -
1965 -1.15% -
1964 -1.2% -
1963 -0.54% -
1962 -1.38% -
1961 -0.38% -
1960 0.9% -
1959 -0.74% -
1958 -0.89% -
1957 0.3% -
1956 -0.83% -
1955 -0.25% -
1954 0.76% -
1953 -2.95% -
1952 2.19% -
1951 2.13% -
1950 0.81% -
1949 2.3% -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 -3.19% -
1938 -0.37% -
1937 0.02% -
1936 -0.41% -
1935 -0.69% -
1934 -0.92% -
1933 -2.55% -
1932 -1.97% -
1931 -1.66% -
1930 -0.55% -
1929 -1.16% -
1928 -0.62% -
1927 -0.33% -
1926 -0.78% -
1925 -2.04% -
1924 -3.37% -
1923 -2.62% -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -0.45% -
1912 -0.47% -
1911 -0.13% -
1910 -0.93% -
1909 -0.34% -
1908 -0.57% -
1907 0.03% -
1906 0.16% -
1905 0.1% -
1904 -0.72% -
1903 0.09% -
1902 -0.14% -
1901 0.03% -
1900 0.06% -
1899 -0.13% -
1898 -0.48% -
1897 -0.45% -
1896 0.08% -
1895 -0.06% -
1894 0.12% -
1893 -0.76% -
1892 -1.72% -
1891 -0.06% -
1890 -0.06% -
1889 0.04% -
1888 -0.31% -
1887 -0.37% -
1886 -0.08% -
1885 -0.55% -
1884 0% -
1883 -2.1% -
1882 -1.11% -
1881 -1.06% -
1880 0.21% -

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/netherlands/solomon-islands | CC BY

In 2024, the Netherlands' government deficit, the difference between spending and revenue, was $11.5B, equivalent to 0.94% of GDP. This compares to the Solomon Islands' deficit of $48.8M, or 3.08% of GDP.

Over the past 35 years, the Netherlands recorded a fiscal deficit in 27 of those years, while the Solomon Islands ran a deficit in 12 years. On average, the Netherlands posted an annual deficit equal to 1.84% of GDP, compared to surplus of 2.66% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Netherlands

Solomon Islands
1x
Year Consumer prices inflation
Netherlands Solomon Islands
2024 3.35% 4.32%
2023 3.84% 5.89%
2022 10% 5.52%
2021 2.68% -0.12%
2020 1.27% 2.96%
2019 2.63% 1.63%
2018 1.7% 3.46%
2017 1.38% 0.49%
2016 0.32% 0.51%
2015 0.6% -0.57%
2014 0.98% 5.17%
2013 2.51% 5.39%
2012 2.46% 5.91%
2011 2.34% 7.34%
2010 1.28% 1.05%
2009 1.19% 7.09%
2008 2.49% 17.3%
2007 1.61% 7.67%
2006 1.1% 11.2%
2005 1.69% 7.33%
2004 1.26% 6.99%
2003 2.09% 8.27%
2002 3.29% 10.9%
2001 4.16% 6.93%
2000 2.36% 7.89%
1999 2.16% 8.02%
1998 1.96% 12.4%
1997 2.11% 8.08%

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

GeoRank.org/economy/netherlands/solomon-islands | CC BY

Over the past 28 years, the Netherlands has recorded an average annual inflation rate of 2.31%, compared with 6.04% in the Solomon Islands. In 2024, inflation was 3.35% in the Netherlands and 4.32% in the Solomon Islands.

Top exports between countries

Netherlands
Export category Export value
Machinery & equipment $1.61M
Chemicals & pharma $433K
Textiles & consumer goods $53K
Metals $46K
Miscellaneous $15K
Raw materials & minerals $13K
Wood & paper products $7K
Processed food, beverages & tobacco $5K
Raw agricultural goods $4K
Solomon Islands
Export category Export value
Processed food, beverages & tobacco $10.9M
Wood & paper products $1K

Balance of trade

Netherlands Solomon Islands
Current account balance
$111B
2024
-$66.2M
2024
Current account balance ranking
5/190
2024
87/190
2024
Current account balance, % of GDP
+9.13%
2024
-4.18%
2024
Goods imports
$606B
2024
$609M
2024
Goods exports
$693B
2024
$510M
2024
Service imports
$262B
2024
$248M
2024
Service exports
$308B
2024
$133M
2024
Imports of goods and services, % of GDP
71.4%
2024
70.8%
2024
Exports of goods and services, % of GDP
82.4%
2024
40.6%
2024

Economic freedom indices

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

Netherlands Solomon Islands
Economic freedom 78.5 53.7
Economic freedom ranking 11/197 137/197
Property rights 96 55.8
Government integrity 86.8 42.7
Judicial effectiveness 96.1 59.1
Tax burden 54 71.3
Government spending 42.2 54.6
Fiscal health 95.9 83.3
Business freedom 85 52.3
Labor freedom 59.3 60.4
Monetary freedom 77 76.5
Trade freedom 79.4 43.6
Investment freedom 90 15
Financial freedom 80 30

Economic freedom comparison by year

Netherlands
Solomon Islands
1x
Year Economic freedom index
Netherlands Solomon Islands
2026 78.5 53.7
2025 78.2 56.3
2024 77.3 55
2023 78 56.9
2022 79.5 56.5
2021 76.8 56.5
2020 77 52.9
2019 76.8 54.6
2018 76.2 57.5
2017 75.8 55
2016 74.6 47
2015 73.7 47
2014 74.2 46.2
2013 73.5 45
2012 73.3 46.2
2011 74.7 45.9
2010 75 42.9
2009 77 46
2008 77.4 -
2007 75.5 -
2006 75.4 -
2005 72.9 -
2004 74.5 -
2003 74.6 -
2002 75.1 -
2001 73 -
2000 70.4 -
1999 70.2 -
1998 69.2 -
1997 70.4 -
1996 69.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/netherlands/solomon-islands | CC BY

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Solomon Islands
Services, % of GDP
70.5%
2024
46.9%
2024
Industry, % of GDP
17.5%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
29.7%
2024
GNI, Atlas method
$1.12T
2024
$1.57B
2024
GNI per capita, PPP
$84,970
2024
$2,680
2024
Total reserves including gold
$79.1B
2024
$688M
2023
Total reserves ranking
34/177
2024
149/177
2023
Net foreign direct investment
$11.1B
2024
$19.9M
2024
Net inflows of foreign direct investment
-$17.1B
2024
$33M
2024
Net outflows of foreign direct investment
-$5.93B
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI n/a
1.64%
2024
Poverty at national poverty lines
14.5%
2021
12.7%
2012
Gross capital formation, % of GDP
19.7%
2024
19.5%
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/netherlands/solomon-islands | 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 (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2018–2024, 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.

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.