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Economy of Netherlands vs Uzbekistan compared: GDP & Debt

Updated on by Georank

The Netherlands has a GDP of $1.33T compared to $147B for Uzbekistan, ranking 18/197 and 61/197 by economy size, respectively.

The Netherlands has $578B in government debt (43.3% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Netherlands vs Uzbekistan GDP by year

Netherlands
Uzbekistan
1x
Year GDP, current $
Netherlands Uzbekistan
2025 $1,332,767,651,100 $147,038,081,129
2024 $1,213,936,238,063 $121,356,065,241
2023 $1,135,475,867,551 $107,526,539,716
2022 $1,046,540,797,549 $94,286,355,836
2021 $1,054,472,123,450 $81,170,051,811
2020 $932,560,861,701 $70,127,127,133
2019 $928,903,005,576 $70,170,662,563
2018 $929,733,599,797 $61,318,332,403
2017 $848,233,537,846 $72,276,404,058
2016 $797,163,949,290 $97,871,364,319
2015 $775,743,675,303 $97,564,568,987
2014 $901,556,501,756 $91,303,765,114
2013 $883,951,539,007 $82,674,178,352
2012 $845,689,017,066 $75,318,846,931
2011 $913,140,741,333 $67,404,618,405
2010 $852,464,982,433 $55,544,226,553
2009 $878,954,223,140 $33,689,223,673
2008 $957,901,566,041 $29,549,438,884
2007 $853,499,460,873 $22,311,393,928
2006 $737,593,995,289 $17,330,833,853
2005 $688,133,699,636 $14,307,509,839
2004 $661,224,886,143 $12,030,023,548
2003 $582,435,617,082 $10,134,453,435
2002 $475,529,972,123 $9,687,788,513
2001 $432,536,219,669 $11,401,421,329
2000 $417,649,282,154 $13,760,513,969
1999 $447,778,514,140 $17,078,465,982
1998 $438,612,530,549 $14,988,971,211
1997 $417,506,211,882 $14,744,603,774
1996 $451,372,549,020 $13,948,892,216
1995 $452,967,334,614 $13,350,461,265
1994 $379,688,232,232 $12,899,074,922
1993 $354,070,495,966 $13,099,920,056
1992 $363,497,050,125 $12,953,801,760
1991 $327,982,316,124 $13,800,167,712
1990 $318,799,003,994 $13,362,340,338
1989 $258,716,904,292 $11,948,815,258
1988 $262,295,966,105 $10,722,799,639
1987 $245,406,949,521 $8,523,160,593
1986 $201,157,708,221 -
1985 $144,057,523,222 -
1984 $144,124,462,912 -
1983 $153,671,294,109 -
1982 $158,712,765,536 -
1981 $164,375,775,854 -
1980 $195,439,301,707 -
1979 $179,933,827,310 -
1978 $156,089,077,205 -
1977 $127,203,923,857 -
1976 $109,329,386,564 -
1975 $100,397,061,694 -
1974 $87,371,810,804 -
1973 $71,946,639,603 -
1972 $54,787,070,173 -
1971 $44,644,730,576 -
1970 $38,220,884,519 -
1969 $34,086,038,090 -
1968 $30,097,635,751 -
1967 $27,143,828,099 -
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/uzbekistan | CC BY

GDP per capita in Netherlands vs Uzbekistan by year

Netherlands
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $73,684 - $3,968 -
2024 $67,465 $86,174 $3,337 $11,879
2023 $63,516 $81,729 $3,016 $11,107
2022 $59,123 $78,630 $2,699 $10,293
2021 $60,142 $68,574 $2,370 $9,248
2020 $53,468 $62,597 $2,088 $8,452
2019 $53,555 $62,345 $2,129 $8,544
2018 $53,955 $58,819 $1,894 $8,129
2017 $49,514 $56,038 $2,271 $7,818
2016 $46,809 $53,162 $3,128 $6,919
2015 $45,794 $50,957 $3,173 $6,800
2014 $53,457 $49,751 $3,021 $6,610
2013 $52,602 $49,622 $2,781 $6,413
2012 $50,474 $47,653 $2,574 $6,168
2011 $54,702 $47,004 $2,339 $5,949
2010 $51,306 $45,301 $1,957 $5,505
2009 $53,172 $44,959 $1,206 $5,135
2008 $58,247 $46,714 $1,075 $4,800
2007 $52,101 $44,203 $824 $4,386
2006 $45,124 $41,208 $649 $3,956
2005 $42,165 $37,778 $543 $3,618
2004 $40,611 $35,961 $462 $3,321
2003 $35,897 $34,286 $394 $3,047
2002 $29,447 $34,568 $381 $2,902
2001 $26,956 $33,259 $454 $2,782
2000 $26,225 $31,895 $555 $2,644
1999 $28,319 $29,316 $698 $2,522
1998 $27,924 $27,749 $621 $2,418
1997 $26,745 $26,062 $621 $2,329
1996 $29,064 $24,564 $597 $2,214
1995 $29,301 $23,480 $583 $2,178
1994 $24,683 $22,414 $574 $2,197
1993 $23,156 $21,443 $596 $2,318
1992 $23,939 $20,831 $603 $2,371
1991 $21,764 $20,177 $658 $2,676
1990 $21,322 $19,203 $653 $2,665
1989 $17,423 - $598 -
1988 $17,771 - $551 -
1987 $16,734 - $450 -
1986 $13,804 - - -
1985 $9,941 - - -
1984 $9,992 - - -
1983 $10,696 - - -
1982 $11,089 - - -
1981 $11,537 - - -
1980 $13,812 - - -
1979 $12,817 - - -
1978 $11,196 - - -
1977 $9,180 - - -
1976 $7,937 - - -
1975 $7,346 - - -
1974 $6,450 - - -
1973 $5,353 - - -
1972 $4,110 - - -
1971 $3,384 - - -
1970 $2,931 - - -
1969 $2,647 - - -
1968 $2,364 - - -
1967 $2,155 - - -
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/uzbekistan | CC BY

The Netherlands' GDP per capita is $73,684, ranking 12/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Netherlands Uzbekistan
Gross domestic product
$1.33T
2025
$147B
2025
GDP rank
18/197
2025
61/197
2025
GDP growth
1.78%
2024-2025
7.7%
2024-2025
GDP per capita
$73,684
2025
$3,968
2025
GDP per capita rank
12/197
2025
134/197
2025
GDP per capita, PPP
$86,174
2024
$11,879
2024
GDP per capita PPP rank
11/197
2024
125/197
2024
Government debt
$578B
2025
$42B
2025
Debt-to-GDP ratio
43.3%
2025
28.6%
2025
Government debt per person
$31,942
2025
$1,134
2025
Government debt per person rank
23/185
2025
139/185
2025
Average annual personal income after taxes
$46,674
2026
$3,560
2026
Market capitalization of domestic companies
$1.1T
2017
$23.7B
2025
Number of millionaires
1,294,000
2026
n/a
Number of billionaires
13
2026
n/a
Income share by richest 10%
21.4%
2021
24.2%
2025
Income share by poorest 10%
3.6%
2021
2.4%
2025
Government expenditure, % of GDP
45.1%
2025
27.4%
2025
Consumer prices inflation
3.26%
2024-2025
8.8%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
3.9%
2025
5.29%
2020
Population
18243998
38082870

Spending and national debt comparison by year

Netherlands
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Netherlands Uzbekistan
Government spending Government debt Government spending Government debt
2025 45.1% 43.3% 27.4% 28.6%
2024 44.4% 43.7% 26.1% 30.9%
2023 44% 45.8% 28.6% 30.7%
2022 43.3% 48.4% 30% 29.2%
2021 45.9% 50.5% 26.1% 30.2%
2020 47.8% 53.4% 24.7% 31.9%
2019 42.1% 47.7% 23.4% 24.3%
2018 42.4% 51.6% 21.2% 16.7%
2017 42.8% 56% 19.9% 17.3%
2016 43.9% 60.9% 20.5% 7.21%
2015 45.3% 63.8% 21.7% 5.94%
2014 46.7% 67.2% 22% 5.39%
2013 47.5% 67.2% 22.3% 5.51%
2012 47.6% 65.7% 21.5% 6.06%
2011 47.8% 61.2% 21.1% 5.65%
2010 48.9% 58.9% 23.7% 5.92%
2009 48.4% 56.3% 24.7% 6.57%
2008 44.3% 54.4% 23.8% 7.5%
2007 43.3% 42.7% 22.4% 8.6%
2006 44% 45% 22.3% 12.2%
2005 43.4% 49.6% 25.3% 18.9%
2004 44.7% 50.1% 26.5% 24.2%
2003 45.8% 49.8% 28.4% 28.3%
2002 44.8% 48.7% 31.2% 37.5%
2001 44.1% 49.4% 27.6% 40.4%
2000 43.2% 52.2% 29.6% 26.5%
1999 44.3% 58.6% 30.3% 16.6%
1998 44.6% 62.7% 31.6% 16.2%
1997 45.7% 65.7% 28.7% 13.8%
1996 47.3% 71.2% 31.6% -
1995 53.9% 73% 26.5% -
1994 49.4% 73.5% 24.4% -
1993 50.9% 76.7% 35.6% -
1992 50.2% 75.6% 16.2% -
1991 49.6% 74.8% - -
1990 48.8% 75% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/uzbekistan | CC BY

In 2025, the Netherlands' government spending was $602B, accounting for 45.1% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 43.3% in the Netherlands and 28.6% in Uzbekistan, ranking 121/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Netherlands Uzbekistan
2025 -1.84% -1.66%
2024 -0.94% -2.25%
2023 -0.37% -3.85%
2022 0.002% -3.49%
2021 -2.26% -3.9%
2020 -3.72% -2.8%
2019 1.91% -0.29%
2018 1.49% 1.57%
2017 1.35% 1.04%
2016 0.23% 0.62%
2015 -1.84% -0.24%
2014 -2.17% 1.68%
2013 -2.87% 1.9%
2012 -3.83% 5.28%
2011 -4.42% 4.56%
2010 -5.3% 2.29%
2009 -5.06% 1.64%
2008 -0.06% 5.38%
2007 -0.16% 3.2%
2006 0.04% 2.45%
2005 -0.51% -3.17%
2004 -1.82% -3.37%
2003 -3.19% -4.39%
2002 -2.23% -5.69%
2001 -0.47% -2.95%
2000 1.14% -3.29%
1999 0.28% -2.62%
1998 -1.34% -2.74%
1997 -1.6% -1.85%
1996 -1.91% -1.41%
1995 -8.72% -1.59%
1994 -3.53% -4.03%
1993 -3.13% -10.8%
1992 -3.12% 6.44%
1991 -2.05% -
1990 -4.08% -
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/netherlands/uzbekistan | CC BY

In 2025, the Netherlands' government deficit, the difference between spending and revenue, was $24.5B, equivalent to 1.84% of GDP. This compares to Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, the Netherlands recorded a fiscal deficit in 26 of those years, while Uzbekistan ran a deficit in 21 years. On average, the Netherlands posted an annual deficit equal to 1.76% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Netherlands

Uzbekistan
1x
Year Consumer prices inflation
Netherlands Uzbekistan
2025 3.26% 8.8%
2024 3.35% 9.6%
2023 3.84% 10%
2022 10% 11.4%
2021 2.68% 10.8%
2020 1.27% 12.9%
2019 2.63% 14.5%
2018 1.7% 17.5%
2017 1.38% 13.9%
2016 0.32% 8.8%
2015 0.6% 8.5%
2014 0.98% 9.1%
2013 2.51% 11.7%
2012 2.46% 11.9%
2011 2.34% 12.4%
2010 1.28% 12.3%
2009 1.19% 12.3%
2008 2.49% 13.1%
2007 1.61% 11.2%
2006 1.1% 13.1%
2005 1.69% 10.7%
2004 1.26% 7.3%
2003 2.09% 12.5%
2002 3.29% 27.3%
2001 4.16% 27.3%
2000 2.36% 25%
1999 2.16% 29.1%
1998 1.96% 29%
1997 2.11% 70.9%

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/netherlands/uzbekistan | CC BY

Over the past 29 years, the Netherlands has recorded an average annual inflation rate of 2.35%, compared with 16.3% in Uzbekistan. In 2025, inflation was 3.26% in the Netherlands and 8.8% in Uzbekistan.

Top exports between countries

Netherlands
Export category Export value
Machinery & equipment $117M
Processed food, beverages & tobacco $61.6M
Raw agricultural goods $43.7M
Chemicals & pharma $29.2M
Raw materials & minerals $19.3M
Animal & marine products $7.4M
Metals $4.7M
Textiles & consumer goods $4.68M
Wood & paper products $633K
Precious metals & jewellery $98K
Uzbekistan
Export category Export value
Wood & paper products $8.25M
Metals $4.66M
Raw agricultural goods $2.85M
Raw materials & minerals $526K
Textiles & consumer goods $322K
Machinery & equipment $266K
Chemicals & pharma $123K
Processed food, beverages & tobacco $60K
Precious metals & jewellery $22K
Animal & marine products $8K

Balance of trade

Netherlands Uzbekistan
Current account balance
$111B
2024
-$5.78B
2025
Current account balance ranking
6/190
2024
167/190
2025
Current account balance, % of GDP
+9.14%
2024
-3.93%
2025
Goods imports
$606B
2024
$38.5B
2025
Goods exports
$693B
2024
$23B
2025
Service imports
$262B
2024
$13.6B
2025
Service exports
$308B
2024
$9.27B
2025
Imports of goods and services, % of GDP
69.5%
2025
35.4%
2025
Exports of goods and services, % of GDP
80.7%
2025
22%
2025

Economic freedom indices

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

Netherlands Uzbekistan
Economic freedom 78.5 60.3
Economic freedom ranking 11/197 94/197
Property rights 96 43.1
Government integrity 86.8 32
Judicial effectiveness 96.1 13.7
Tax burden 54 95
Government spending 42.2 73.7
Fiscal health 95.9 79.9
Business freedom 85 62.5
Labor freedom 59.3 48.4
Monetary freedom 77 65.1
Trade freedom 79.4 80.6
Investment freedom 90 70
Financial freedom 80 60

Economic freedom comparison by year

Netherlands
Uzbekistan
1x
Year Economic freedom index
Netherlands Uzbekistan
2026 78.5 60.3
2025 78.2 58
2024 77.3 55.9
2023 78 56.5
2022 79.5 55.7
2021 76.8 58.3
2020 77 57.2
2019 76.8 53.3
2018 76.2 51.5
2017 75.8 52.3
2016 74.6 46
2015 73.7 47
2014 74.2 46.5
2013 73.5 46
2012 73.3 45.8
2011 74.7 45.8
2010 75 47.5
2009 77 50.5
2008 77.4 51.9
2007 75.5 51.5
2006 75.4 48.7
2005 72.9 45.8
2004 74.5 39.1
2003 74.6 38.3
2002 75.1 38.5
2001 73 38.2
2000 70.4 38.1
1999 70.2 33.8
1998 69.2 31.5
1997 70.4 -
1996 69.7 -

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

GeoRank.org/economy/netherlands/uzbekistan | CC BY

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Uzbekistan
Services, % of GDP
70.4%
2025
46.5%
2025
Industry, % of GDP
17.7%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.68%
2025
16.6%
2025
GNI, Atlas method
$1.24T
2025
$136B
2025
GNI per capita, PPP
$85,480
2025
$13,640
2025
Total reserves including gold
$118B
2025
$41.2B
2024
Total reserves ranking
27/177
2025
53/177
2024
Net foreign direct investment
$11.1B
2024
-$4.24B
2025
Net inflows of foreign direct investment
-$17.1B
2024
$2.97B
2024
Net outflows of foreign direct investment
-$5.93B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.37%
2024
Poverty at national poverty lines
14.5%
2021
5.8%
2025
Gross capital formation, % of GDP
19.8%
2025
33.3%
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/netherlands/uzbekistan | 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 (1880–1989, 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)
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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.