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Economy of New Zealand vs Sao Tome and Principe compared: GDP & Debt

Updated on by Georank

New Zealand has a GDP of $264B compared to $981M for Sao Tome and Principe, ranking 53/197 and 189/197 by economy size, respectively.

New Zealand has $145B in government debt (54.7% of GDP), compared to $546M (55.7% of GDP) in Sao Tome and Principe.

New Zealand vs Sao Tome and Principe GDP by year

New Zealand
Sao Tome and Principe
1x
Year GDP, current $
New Zealand Sao Tome
2025 $264,057,413,740 $981,293,587
2024 $261,497,198,364 $824,992,558
2023 $256,372,177,758 $690,456,807
2022 $249,723,029,451 $540,809,499
2021 $253,732,493,988 $524,402,456
2020 $213,318,129,989 $471,229,485
2019 $213,088,034,258 $412,976,083
2018 $211,726,161,989 $383,717,328
2017 $206,561,943,051 $322,002,845
2016 $188,980,351,891 $292,267,272
2015 $178,147,457,243 $259,999,643
2014 $201,435,445,068 $293,119,143
2013 $190,943,478,290 $267,041,748
2012 $176,508,049,114 $229,371,348
2011 $168,458,838,711 $226,455,001
2010 $146,887,902,524 $190,021,192
2009 $121,663,439,315 $200,668,065
2008 $133,437,126,590 $188,021,165
2007 $137,188,946,866 $149,146,919
2006 $111,538,810,713 $142,775,104
2005 $114,720,129,550 $136,450,662
2004 $103,905,210,084 $114,582,284
2003 $88,250,885,550 $102,085,769
2002 $66,627,729,311 $85,171,074
2001 $53,872,425,917 $75,951,133
2000 $52,623,281,957 $76,198,395
1999 $58,762,260,626 $77,302,212
1998 $56,227,169,851 $72,285,404
1997 $66,075,143,415 $91,920,274
1996 $70,140,835,299 $135,188,166
1995 $63,918,703,507 $103,695,237
1994 $55,314,732,279 $131,338,415
1993 $46,775,620,817 $125,742,229
1992 $41,649,829,860 $94,861,781
1991 $42,745,329,732 $107,484,143
1990 $45,495,129,385 $119,297,933
1989 $43,920,222,525 $98,545,367
1988 $45,176,811,594 $99,000,764
1987 $40,376,354,070 $115,952,925
1986 $30,604,668,357 $115,928,907
1985 $24,679,795,396 $82,733,069
1984 $21,665,975,319 $78,213,796
1983 $24,309,279,706 $75,110,289
1982 $24,164,603,059 $80,307,763
1981 $24,417,617,184 $83,499,264
1980 $23,244,547,385 $81,662,231
1979 $20,731,243,113 $65,755,928
1978 $18,530,518,395 $55,044,563
1977 $15,446,825,318 $49,207,692
1976 $13,604,832,424 $52,039,421
1975 $12,861,983,284 $60,101,710
1974 $13,940,981,798 $57,817,591
1973 $12,802,281,898 $56,011,245
1972 $9,567,331,065 $41,430,257
1971 $7,911,136,757 $37,288,845
1970 $6,495,605,331 $37,211,826
1969 $5,814,357,709 -
1968 $5,228,045,415 -
1967 $6,016,017,227 -
1966 $5,917,437,693 -
1965 $5,706,251,400 -
1964 $7,340,766,415 -
1963 $6,699,741,645 -
1962 $6,133,158,532 -
1961 $5,721,994,864 -
1960 $5,536,098,360 -

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

GeoRank.org/economy/new-zealand/sao-tome-and-principe | CC BY

GDP per capita in New Zealand vs Sao Tome and Principe by year

New Zealand
GDP per capita

GDP per capita, PPP
Sao Tome and Principe
GDP per capita

GDP per capita, PPP
1x
Year Current $
New Zealand Sao Tome
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $49,591 - $4,084 -
2024 $49,432 $55,551 $3,503 $6,242
2023 $49,302 $54,697 $2,991 $6,150
2022 $49,142 $54,034 $2,390 $6,034
2021 $49,902 $48,249 $2,363 $5,733
2020 $42,055 $45,513 $2,167 $5,145
2019 $42,872 $45,278 $1,935 $4,655
2018 $43,204 $42,527 $1,826 $3,941
2017 $42,912 $42,244 $1,556 $3,436
2016 $40,088 $39,989 $1,435 $3,320
2015 $38,649 $37,513 $1,298 $3,172
2014 $44,600 $37,331 $1,490 $3,233
2013 $42,985 $36,263 $1,383 $2,946
2012 $40,042 $33,055 $1,211 $2,653
2011 $38,426 $32,739 $1,220 $2,914
2010 $33,762 $31,305 $1,045 $2,859
2009 $28,277 $30,746 $1,128 $2,846
2008 $31,325 $29,896 $1,082 $2,802
2007 $32,480 $29,331 $879 $2,650
2006 $26,655 $27,732 $862 $2,551
2005 $27,751 $25,677 $844 $2,329
2004 $25,420 $25,124 $727 $2,171
2003 $21,914 $23,996 $664 $2,094
2002 $16,874 $23,306 $568 $1,945
2001 $13,883 $22,511 $519 $1,898
2000 $13,641 $21,500 $529 $1,830
1999 $15,322 $20,579 $543 $1,802
1998 $14,738 $19,323 $514 $1,754
1997 $17,474 $19,100 $662 $1,714
1996 $18,794 $18,392 $987 $1,693
1995 $17,400 $17,864 $769 $1,663
1994 $15,280 $17,108 $990 $1,623
1993 $13,094 $15,900 $964 $1,581
1992 $11,793 $14,877 $740 $1,556
1991 $12,230 $14,501 $855 $1,540
1990 $13,663 $14,812 $970 $1,504
1989 $13,312 - $821 -
1988 $13,759 - $847 -
1987 $12,331 - $1,018 -
1986 $9,428 - $1,043 -
1985 $7,601 - $761 -
1984 $6,714 - $735 -
1983 $7,598 - $720 -
1982 $7,656 - $783 -
1981 $7,814 - $830 -
1980 $7,467 - $829 -
1979 $6,668 - $683 -
1978 $5,937 - $587 -
1977 $4,951 - $539 -
1976 $4,374 - $585 -
1975 $4,172 - $693 -
1974 $4,611 - $683 -
1973 $4,323 - $676 -
1972 $3,295 - $511 -
1971 $2,773 - $470 -
1970 $2,311 - $479 -
1969 $2,097 - - -
1968 $1,902 - - -
1967 $2,208 - - -
1966 $2,211 - - -
1965 $2,171 - - -
1964 $2,839 - - -
1963 $2,646 - - -
1962 $2,471 - - -
1961 $2,365 - - -
1960 $2,334 - - -

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

GeoRank.org/economy/new-zealand/sao-tome-and-principe | CC BY

New Zealand's GDP per capita is $49,591, ranking 26/197, compared to $4,084 in Sao Tome and Principe, ranking 132/197. Adjusted for purchasing power (GDP per capita PPP), New Zealand ranks 38th at $55,551, while Sao Tome and Principe ranks 151st at $6,242.

Economic indicators

New Zealand Sao Tome
Gross domestic product
$264B
2025
$981M
2025
GDP rank
53/197
2025
189/197
2025
GDP growth
0.46%
2024-2025
1.03%
2024-2025
GDP per capita
$49,591
2025
$4,084
2025
GDP per capita rank
26/197
2025
132/197
2025
GDP per capita, PPP
$55,551
2024
$6,242
2024
GDP per capita PPP rank
38/197
2024
151/197
2024
Government debt
$145B
2025
$546M
2025
Debt-to-GDP ratio
54.7%
2025
55.7%
2025
Government debt per person
$27,139
2025
$2,275
2025
Government debt per person rank
27/185
2025
115/185
2025
Average annual personal income after taxes
$36,222
2026
$3,249
2026
Market capitalization of domestic companies
$103B
2025
n/a
Number of billionaires
5
2026
n/a
Income share by richest 10% n/a
32.8%
2017
Income share by poorest 10% n/a
2.6%
2017
Government expenditure, % of GDP
41.6%
2025
21.2%
2025
Consumer prices inflation
2.84%
2024-2025
0.9%
2024-2025
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
5.26%
2025
6.66%
2017
Population
5380024
247495

Spending and national debt comparison by year

New Zealand
Spending

Debt
Sao Tome and Principe
Spending

Debt
1x
Year % of GDP
New Zealand Sao Tome
Government spending Government debt Government spending Government debt
2025 41.6% 54.7% 21.2% 55.7%
2024 41.7% 51.4% 23.8% 65.2%
2023 41% 47.3% 23.9% 73.2%
2022 41.7% 46.9% 27.7% 86.8%
2021 41.8% 47.5% 25.6% 85.1%
2020 41.9% 43.2% 23.2% 91%
2019 38.7% 31.8% 22.8% 98.6%
2018 36.1% 28.1% 28% 95.9%
2017 35.6% 31.1% 31.9% 92.3%
2016 36.4% 33.4% 38.3% 104.6%
2015 37.2% 34.2% 41.6% 101.1%
2014 37.6% 34.2% 36% 92.5%
2013 38.6% 34.6% 35.5% 76.8%
2012 39.7% 35.7% 50.5% 59.6%
2011 42.3% 34.7% 53.4% 86%
2010 42.9% 29.6% 51.7% 83%
2009 40.3% 24.3% 48.6% 70.3%
2008 38.4% 19% 30.4% 60.7%
2007 37% 16.3% 38.9% 110.1%
2006 37.8% 18.4% 32.5% 283.2%
2005 37.1% 20.8% 43.7% 334%
2004 36.1% 22.5% 60.6% 354%
2003 36.6% 24.7% 51.9% 329%
2002 36.7% 26.4% 44.3% 367%
2001 37.2% 28.2% 52.8% 418%
2000 38.2% 30% 10.7% -
1999 39.2% 32% - -
1998 40.1% 34.5% - -
1997 39.3% 34.6% - -
1996 39.8% 37.3% - -
1995 41.6% 43.5% - -
1994 42.7% 48.9% - -
1993 46.7% 54.6% - -
1992 52.4% 58.7% - -
1991 52.9% 58% - -
1990 49.5% 55.5% - -
1989 47.8% 54.9% - -
1988 46.1% 54.7% - -
1987 46.1% 62.9% - -
1986 46.9% 68.5% - -
1985 46.2% 64.1% - -
1984 40.7% 62.8% - -
1983 41.4% 59.6% - -
1982 39.9% 51.5% - -
1981 39.1% 50.5% - -
1980 38% 52.2% - -
1979 38.4% 52% - -
1978 36.6% 50% - -
1977 30% 44.6% - -
1976 31.6% 47.6% - -
1975 30.1% 41.4% - -
1974 27.3% 39.6% - -
1973 27.1% 44% - -
1972 26.4% 46% - -
1971 26.8% 71.3% - -
1970 24.8% 76.5% - -
1969 25.9% 85.8% - -
1968 26.2% 86.5% - -
1967 26% 59.7% - -
1966 25% 58.2% - -
1965 24.9% 59.6% - -
1964 19.4% 61.8% - -
1963 19.4% 64.5% - -
1962 21.6% 65% - -
1961 21.1% 64.6% - -
1960 25.3% 68.1% - -

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/new-zealand/sao-tome-and-principe | CC BY

In 2025, New Zealand's government spending was $110B, accounting for 41.6% of its GDP, while Sao Tome and Principe spent $208M, or 21.2% of GDP.

Debt-to-GDP ratio is 54.7% in New Zealand and 55.7% in Sao Tome and Principe, ranking 91/185 and 88/185, respectively.

Government deficit by year

Deficit/surplus
New Zealand

Sao Tome and Principe
1x
Year Deficit/surplus, % of GDP
New Zealand Sao Tome
2025 -3.86% -2.53%
2024 -3.21% 0.92%
2023 -3.22% -2.13%
2022 -3.96% -2.24%
2021 -3.35% -1.52%
2020 -4.21% 2.94%
2019 -2.44% -0.07%
2018 1.31% -2.02%
2017 1.38% -3.11%
2016 0.98% -5.01%
2015 0.37% -7.6%
2014 -0.33% -6.27%
2013 -1.28% 2.13%
2012 -2.18% -12.3%
2011 -4.94% -13%
2010 -5.49% -12.1%
2009 -1.8% -18%
2008 1.48% 13.6%
2007 3.6% 125.1%
2006 4.62% 18%
2005 5.13% 26.8%
2004 4.49% -25.1%
2003 3.69% -15.9%
2002 2.56% -10.4%
2001 1.29% -13.5%
2000 0.18% 51.5%
1999 -1.1% -
1998 -0.47% -
1997 1.24% -
1996 2.58% -
1995 3.7% -
1994 2% -
1993 -1.51% -
1992 -6.25% -
1991 -6.12% -
1990 -2.72% -
1989 -2.16% -
1988 -1.88% -
1987 -3.43% -
1986 -5.33% -
1985 -6.97% -
1984 -8.68% -
1983 -6.64% -
1982 -6.26% -
1981 -6.02% -
1980 -4.9% -
1979 -6.55% -
1978 -3.41% -
1977 -1.09% -
1976 -2.07% -
1975 0.11% -
1974 0.03% -
1973 -0.07% -
1972 0.12% -
1971 0.09% -
1970 -0.05% -
1969 0.17% -
1968 0.03% -
1967 0.02% -
1966 0.09% -
1965 0.26% -
1964 -0.08% -
1963 -0.26% -
1962 0.02% -
1961 0.03% -
1960 0.05% -
1959 0.03% -
1958 -0.02% -
1957 0.32% -
1956 1.33% -
1955 0.73% -
1954 0.22% -
1953 0.43% -
1952 1.73% -
1951 1.17% -
1950 0.78% -
1949 0.53% -
1948 0.36% -
1947 1.07% -
1946 0.31% -
1945 0.32% -
1944 0.59% -
1943 1.24% -
1942 0.56% -
1941 0.64% -
1940 0.13% -
1939 0.34% -
1938 0.38% -
1937 0.23% -
1936 0.17% -
1935 1.19% -
1934 -0.55% -
1933 0.02% -
1932 -1.77% -
1931 -1.12% -
1930 0.09% -
1929 -0.37% -
1928 0.12% -
1927 0.4% -
1926 0.72% -
1925 0.78% -
1924 1.2% -
1923 0.95% -
1922 -0.2% -
1921 3.55% -
1920 1.51% -
1919 2.9% -
1918 4.35% -
1917 3.89% -
1916 1.46% -
1915 0.06% -
1914 0.45% -
1913 0.79% -
1912 0.89% -
1911 1.24% -
1910 0.36% -
1909 0.31% -
1908 1.26% -
1907 1.13% -
1906 0.97% -
1905 1.41% -
1904 1.42% -
1903 0.55% -
1902 0.63% -
1901 1.11% -
1900 1.59% -
1899 1.15% -
1898 1.38% -
1897 0.86% -
1896 0.65% -
1895 0.32% -
1894 0.76% -
1893 1.14% -
1892 0.09% -
1891 0.46% -
1890 0.05% -
1889 0.59% -
1888 -1.64% -
1887 -1.63% -
1886 -0.53% -
1885 -0.47% -
1884 -0.1% -
1883 0.38% -
1882 0.18% -
1881 -2.33% -
1880 -2.39% -
1879 -0.55% -
1878 -0.85% -
1877 -2.53% -
1876 -5.28% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/sao-tome-and-principe | CC BY

In 2025, New Zealand's government deficit, the difference between spending and revenue, was $10.2B, equivalent to 3.86% of GDP. This compares to Sao Tome and Principe's deficit of $24.8M, or 2.53% of GDP.

Over the past 26 years, New Zealand recorded a fiscal deficit in 13 of those years, while Sao Tome and Principe ran a deficit in 18 years. On average, New Zealand posted an annual deficit equal to 0.35% of GDP, compared to surplus of 3.39% of GDP for Sao Tome and Principe.

Inflation comparison by year

Inflation
New Zealand

Sao Tome and Principe
1x
Year Consumer prices inflation
New Zealand Sao Tome
2025 2.84% 0.9%
2024 2.92% 14.4%
2023 5.73% 21.1%
2022 7.17% 18.1%
2021 3.94% 8.1%
2020 1.71% 9.8%
2019 1.62% 7.7%
2018 1.6% 7.9%
2017 1.85% 5.7%
2016 0.65% 5.4%
2015 0.29% 6.1%
2014 1.23% 7%
2013 1.13% 8.1%
2012 1.06% 10.6%
2011 4.03% 14.3%
2010 2.3% 13.3%
2009 2.12% 17%
2008 3.96% 32%
2007 2.38% 18.6%
2006 3.37% 23.1%
2005 3.04% 17.2%
2004 2.29% 13.3%
2003 1.75% 9.8%
2002 2.68% 10.1%
2001 2.63% 9.2%
2000 2.62% 11%
1999 -0.11% 11%
1998 1.27% 42.1%
1997 1.19% 69%

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/new-zealand/sao-tome-and-principe | CC BY

Over the past 29 years, New Zealand has recorded an average annual inflation rate of 2.39%, compared with 15.2% in Sao Tome and Principe. In 2025, inflation was 2.84% in New Zealand and 0.9% in Sao Tome and Principe.

Top exports between countries

New Zealand
Export category Export value
Machinery & equipment $4K
Textiles & consumer goods $1K
Sao Tome
Export category Export value

Balance of trade

New Zealand Sao Tome
Current account balance
-$9.56B
2025
$41.5M
2024
Current account balance ranking
174/190
2025
68/190
2024
Current account balance, % of GDP
-3.62%
2025
+5.03%
2024
Goods imports
$48.2B
2025
$153M
2024
Goods exports
$47.2B
2025
$29.3M
2024
Service imports
$20.3B
2025
$83M
2024
Service exports
$19.5B
2025
$88.2M
2024
Imports of goods and services, % of GDP
26%
2024
33.3%
2025
Exports of goods and services, % of GDP
24.7%
2024
13.3%
2025

Economic freedom indices

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

New Zealand Sao Tome
Economic freedom 77.8 60.6
Economic freedom ranking 13/197 93/197
Property rights 85.4 55.2
Government integrity 90 47.2
Judicial effectiveness 95.9 60.8
Tax burden 66.1 88.6
Government spending 48 80.6
Fiscal health 72.2 89.5
Business freedom 89.1 59.9
Labor freedom 68.6 40.8
Monetary freedom 77.4 59.4
Trade freedom 90.6 65
Investment freedom 70 50
Financial freedom 80 30

Economic freedom comparison by year

New Zealand
Sao Tome and Principe
1x
Year Economic freedom index
New Zealand Sao Tome
2026 77.8 60.6
2025 78.1 60.4
2024 77.8 60.5
2023 78.9 61.5
2022 80.6 60.3
2021 83.9 55.9
2020 84.1 56.2
2019 84.4 54
2018 84.2 53.6
2017 83.7 55.4
2016 81.6 56.7
2015 82.1 53.3
2014 81.2 48.8
2013 81.4 48
2012 82.1 50.2
2011 82.3 49.5
2010 82.1 48.8
2009 82 43.8
2008 80.7 -
2007 81.4 -
2006 82 -
2005 82.3 -
2004 81.5 -
2003 81.1 -
2002 80.7 -
2001 81.1 -
2000 80.9 -
1999 81.7 -
1998 79.2 -
1997 79 -
1996 78.1 -

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

GeoRank.org/economy/new-zealand/sao-tome-and-principe | CC BY

The Economic Freedom Index for New Zealand is 77.8, ranking 13/197, compared to 60.6 for Sao Tome and Principe, ranking 93/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

New Zealand Sao Tome
Services, % of GDP
68.2%
2023
81.4%
2025
Industry, % of GDP
19.4%
2023
2.23%
2025
Agriculture, forestry, and fishing, % of GDP
4.01%
2023
12.2%
2025
GNI, Atlas method
$248B
2025
$913M
2025
GNI per capita, PPP
$53,600
2025
$6,920
2025
Total reserves including gold
$28.2B
2025
$58.8M
2024
Total reserves ranking
59/177
2025
175/177
2024
Net foreign direct investment
-$3.58B
2025
$20.5M
2024
Net inflows of foreign direct investment
$1.76B
2024
-$16.7M
2024
Net outflows of foreign direct investment
$882M
2024
$3.83M
2024
Servicing debt to the IMF, % of GNI n/a
0.62%
2024
Poverty at national poverty lines n/a
66.2%
2020
Gross capital formation, % of GDP
23.1%
2024
8.74%
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/new-zealand/sao-tome-and-principe | 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 (1876–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.