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Economy of New Zealand vs Slovakia compared: GDP & Debt

Updated on by Georank

New Zealand has a GDP of $264B compared to $155B for Slovakia, ranking 53/197 and 60/197 by economy size, respectively.

New Zealand has $145B in government debt (54.7% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

New Zealand vs Slovakia GDP by year

New Zealand
Slovakia
1x
Year GDP, current $
New Zealand Slovakia
2025 $264,057,413,740 $154,530,066,507
2024 $261,497,198,364 $140,934,076,532
2023 $256,372,177,758 $133,578,518,424
2022 $249,723,029,451 $115,792,972,358
2021 $253,732,493,988 $120,511,265,913
2020 $213,318,129,989 $107,732,602,896
2019 $213,088,034,258 $105,843,498,304
2018 $211,726,161,989 $106,611,673,365
2017 $206,561,943,051 $95,978,130,735
2016 $188,980,351,891 $90,347,173,229
2015 $178,147,457,243 $89,178,548,717
2014 $201,435,445,068 $101,713,075,599
2013 $190,943,478,290 $99,134,277,850
2012 $176,508,049,114 $94,724,394,278
2011 $168,458,838,711 $99,705,104,723
2010 $146,887,902,524 $91,112,160,801
2009 $121,663,439,315 $89,342,984,698
2008 $133,437,126,590 $96,685,492,864
2007 $137,188,946,866 $77,019,443,089
2006 $111,538,810,713 $57,111,148,619
2005 $114,720,129,550 $48,823,790,951
2004 $103,905,210,084 $42,960,730,480
2003 $88,250,885,550 $33,761,723,946
2002 $66,627,729,311 $24,768,142,566
2001 $53,872,425,917 $21,377,597,035
2000 $52,623,281,957 $20,626,538,612
1999 $58,762,260,626 $20,813,421,086
1998 $56,227,169,851 $22,911,708,405
1997 $66,075,143,415 $22,026,728,498
1996 $70,140,835,299 $21,864,845,214
1995 $63,918,703,507 $20,306,095,054
1994 $55,314,732,279 $16,187,735,322
1993 $46,775,620,817 $13,991,963,247
1992 $41,649,829,860 $12,932,972,789
1991 $42,745,329,732 $11,952,983,608
1990 $45,495,129,385 $17,068,924,602
1989 $43,920,222,525 -
1988 $45,176,811,594 -
1987 $40,376,354,070 -
1986 $30,604,668,357 -
1985 $24,679,795,396 -
1984 $21,665,975,319 -
1983 $24,309,279,706 -
1982 $24,164,603,059 -
1981 $24,417,617,184 -
1980 $23,244,547,385 -
1979 $20,731,243,113 -
1978 $18,530,518,395 -
1977 $15,446,825,318 -
1976 $13,604,832,424 -
1975 $12,861,983,284 -
1974 $13,940,981,798 -
1973 $12,802,281,898 -
1972 $9,567,331,065 -
1971 $7,911,136,757 -
1970 $6,495,605,331 -
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/slovakia | CC BY

GDP per capita in New Zealand vs Slovakia by year

New Zealand
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
New Zealand Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $49,591 - $28,544 -
2024 $49,432 $55,551 $25,993 $48,132
2023 $49,302 $54,697 $24,615 $45,974
2022 $49,142 $54,034 $21,318 $41,562
2021 $49,902 $48,249 $22,123 $38,346
2020 $42,055 $45,513 $19,735 $35,328
2019 $42,872 $45,278 $19,406 $33,986
2018 $43,204 $42,527 $19,573 $31,510
2017 $42,912 $42,244 $17,646 $30,246
2016 $40,088 $39,989 $16,636 $29,868
2015 $38,649 $37,513 $16,442 $30,148
2014 $44,600 $37,331 $18,771 $29,108
2013 $42,985 $36,263 $18,313 $28,075
2012 $40,042 $33,055 $17,517 $27,023
2011 $38,426 $32,739 $18,469 $26,202
2010 $33,762 $31,305 $16,899 $25,382
2009 $28,277 $30,746 $16,587 $23,077
2008 $31,325 $29,896 $17,974 $23,714
2007 $32,480 $29,331 $14,330 $21,232
2006 $26,655 $27,732 $10,629 $18,906
2005 $27,751 $25,677 $9,087 $16,570
2004 $25,420 $25,124 $7,997 $15,166
2003 $21,914 $23,996 $6,283 $14,088
2002 $16,874 $23,306 $4,606 $13,292
2001 $13,883 $22,511 $3,974 $12,367
2000 $13,641 $21,500 $3,828 $11,370
1999 $15,322 $20,579 $3,857 $10,726
1998 $14,738 $19,323 $4,250 $10,666
1997 $17,474 $19,100 $4,092 $10,137
1996 $18,794 $18,392 $4,069 $9,500
1995 $17,400 $17,864 $3,787 $8,812
1994 $15,280 $17,108 $3,028 $8,178
1993 $13,094 $15,900 $2,627 $7,569
1992 $11,793 $14,877 $2,438 $7,270
1991 $12,230 $14,501 $2,254 $7,623
1990 $13,663 $14,812 $3,221 $8,638
1989 $13,312 - - -
1988 $13,759 - - -
1987 $12,331 - - -
1986 $9,428 - - -
1985 $7,601 - - -
1984 $6,714 - - -
1983 $7,598 - - -
1982 $7,656 - - -
1981 $7,814 - - -
1980 $7,467 - - -
1979 $6,668 - - -
1978 $5,937 - - -
1977 $4,951 - - -
1976 $4,374 - - -
1975 $4,172 - - -
1974 $4,611 - - -
1973 $4,323 - - -
1972 $3,295 - - -
1971 $2,773 - - -
1970 $2,311 - - -
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/slovakia | CC BY

New Zealand's GDP per capita is $49,591, ranking 26/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), New Zealand ranks 38th at $55,551, while Slovakia ranks 49th at $48,132.

Economic indicators

New Zealand Slovakia
Gross domestic product
$264B
2025
$155B
2025
GDP rank
53/197
2025
60/197
2025
GDP growth
0.46%
2024-2025
0.81%
2024-2025
GDP per capita
$49,591
2025
$28,544
2025
GDP per capita rank
26/197
2025
46/197
2025
GDP per capita, PPP
$55,551
2024
$48,132
2024
GDP per capita PPP rank
38/197
2024
49/197
2024
Government debt
$145B
2025
$95.3B
2025
Debt-to-GDP ratio
54.7%
2025
61.6%
2025
Government debt per person
$27,139
2025
$17,597
2025
Government debt per person rank
27/185
2025
36/185
2025
Average annual personal income after taxes
$36,222
2026
$17,518
2026
Market capitalization of domestic companies
$103B
2025
$5.38B
2014
Number of billionaires
5
2026
2
2026
Income share by richest 10% n/a
18.8%
2023
Income share by poorest 10% n/a
3.3%
2023
Government expenditure, % of GDP
41.6%
2025
48.7%
2025
Consumer prices inflation
2.84%
2024-2025
4%
2024-2025
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
5.26%
2025
5.4%
2025
Population
5380024
5376239

Spending and national debt comparison by year

New Zealand
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
New Zealand Slovakia
Government spending Government debt Government spending Government debt
2025 41.6% 54.7% 48.7% 61.6%
2024 41.7% 51.4% 47.5% 59.7%
2023 41% 47.3% 48.2% 55.8%
2022 41.7% 46.9% 43.1% 57.8%
2021 41.8% 47.5% 44.8% 60.2%
2020 41.9% 43.2% 44.5% 58.4%
2019 38.7% 31.8% 40.6% 48%
2018 36.1% 28.1% 39.7% 49.3%
2017 35.6% 31.1% 39.8% 51.4%
2016 36.4% 33.4% 40.9% 52.1%
2015 37.2% 34.2% 44.1% 51.6%
2014 37.6% 34.2% 42% 53.4%
2013 38.6% 34.6% 41.1% 54.6%
2012 39.7% 35.7% 40% 51.7%
2011 42.3% 34.7% 40.8% 43.3%
2010 42.9% 29.6% 41% 40.7%
2009 40.3% 24.3% 43.2% 36.4%
2008 38.4% 19% 36.5% 28.6%
2007 37% 16.3% 35.9% 30.4%
2006 37.8% 18.4% 38.2% 31.5%
2005 37.1% 20.8% 39.1% 35%
2004 36.1% 22.5% 38.4% 42%
2003 36.6% 24.7% 40% 43.6%
2002 36.7% 26.4% 46% 45.6%
2001 37.2% 28.2% 46.2% 51.4%
2000 38.2% 30% 53.2% 50.6%
1999 39.2% 32% 48.4% 47.1%
1998 40.1% 34.5% 46.2% 33.9%
1997 39.3% 34.6% 48.6% 32.8%
1996 39.8% 37.3% 52.8% 30.3%
1995 41.6% 43.5% 47.8% 21.3%
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/slovakia | CC BY

In 2025, New Zealand's government spending was $110B, accounting for 41.6% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 54.7% in New Zealand and 61.6% in Slovakia, ranking 91/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
New Zealand

Slovakia
1x
Year Deficit/surplus, % of GDP
New Zealand Slovakia
2025 -3.86% -5.02%
2024 -3.21% -5.5%
2023 -3.22% -5.3%
2022 -3.96% -1.56%
2021 -3.35% -5.09%
2020 -4.21% -5.3%
2019 -2.44% -1.21%
2018 1.31% -1.01%
2017 1.38% -0.98%
2016 0.98% -2.59%
2015 0.37% -2.78%
2014 -0.33% -3.25%
2013 -1.28% -2.86%
2012 -2.18% -4.37%
2011 -4.94% -4.36%
2010 -5.49% -7.44%
2009 -1.8% -8.18%
2008 1.48% -2.54%
2007 3.6% -2.26%
2006 4.62% -3.57%
2005 5.13% -2.86%
2004 4.49% -2.36%
2003 3.69% -2.28%
2002 2.56% -8.35%
2001 1.29% -7.74%
2000 0.18% -12.7%
1999 -1.1% -7.25%
1998 -0.47% -5.37%
1997 1.24% -6.24%
1996 2.58% -9.72%
1995 3.7% -3.43%
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/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, New Zealand recorded a fiscal deficit in 15 of those years, while Slovakia ran a deficit in 31 years. On average, New Zealand posted an annual deficit equal to 0.1% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
New Zealand

Slovakia
1x
Year Consumer prices inflation
New Zealand Slovakia
2025 2.84% 4%
2024 2.92% 2.76%
2023 5.73% 10.5%
2022 7.17% 12.8%
2021 3.94% 3.15%
2020 1.71% 1.94%
2019 1.62% 2.66%
2018 1.6% 2.51%
2017 1.85% 1.31%
2016 0.65% -0.52%
2015 0.29% -0.33%
2014 1.23% -0.08%
2013 1.13% 1.4%
2012 1.06% 3.61%
2011 4.03% 3.92%
2010 2.3% 0.96%
2009 2.12% 1.62%
2008 3.96% 4.6%
2007 2.38% 2.76%
2006 3.37% 4.48%
2005 3.04% 2.71%
2004 2.29% 7.55%
2003 1.75% 8.55%
2002 2.68% 3.13%
2001 2.63% 7.33%
2000 2.62% 12%
1999 -0.11% 10.6%
1998 1.27% 6.67%
1997 1.19% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/new-zealand/slovakia | CC BY

Over the past 29 years, New Zealand has recorded an average annual inflation rate of 2.39%, compared with 4.44% in Slovakia. In 2025, inflation was 2.84% in New Zealand and 4% in Slovakia.

Top exports between countries

New Zealand
Export category Export value
Animal & marine products $1.22M
Machinery & equipment $877K
Transport & tourism services $500K
Processed food, beverages & tobacco $271K
Metals $122K
Textiles & consumer goods $100K
Chemicals & pharma $21K
Precious metals & jewellery $7K
Raw agricultural goods $7K
Raw materials & minerals $1K
Slovakia
Export category Export value
Machinery & equipment $62.1M
Textiles & consumer goods $2.46M
Raw materials & minerals $1.27M
Chemicals & pharma $1.01M
Transport & tourism services $865K
Metals $458K
Miscellaneous $413K
Processed food, beverages & tobacco $385K
IT & IP services $211K
Business & finance services $114K

Balance of trade

New Zealand Slovakia
Current account balance
-$9.56B
2025
-$5.6B
2025
Current account balance ranking
174/190
2025
165/190
2025
Current account balance, % of GDP
-3.62%
2025
-3.63%
2025
Goods imports
$48.2B
2025
$117B
2025
Goods exports
$47.2B
2025
$117B
2025
Service imports
$20.3B
2025
$14.3B
2025
Service exports
$19.5B
2025
$14.7B
2025
Imports of goods and services, % of GDP
26%
2024
85.2%
2025
Exports of goods and services, % of GDP
24.7%
2024
85.1%
2025

Economic freedom indices

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

New Zealand Slovakia
Economic freedom 77.8 67.7
Economic freedom ranking 13/197 54/197
Property rights 85.4 82.6
Government integrity 90 57.2
Judicial effectiveness 95.9 70.5
Tax burden 66.1 75.4
Government spending 48 36.4
Fiscal health 72.2 69.6
Business freedom 89.1 71.1
Labor freedom 68.6 55.1
Monetary freedom 77.4 69.7
Trade freedom 90.6 79.4
Investment freedom 70 75
Financial freedom 80 70

Economic freedom comparison by year

New Zealand
Slovakia
1x
Year Economic freedom index
New Zealand Slovakia
2026 77.8 67.7
2025 78.1 68.4
2024 77.8 68.1
2023 78.9 69
2022 80.6 69.7
2021 83.9 66.3
2020 84.1 66.8
2019 84.4 65
2018 84.2 65.3
2017 83.7 65.7
2016 81.6 66.6
2015 82.1 67.2
2014 81.2 66.4
2013 81.4 68.7
2012 82.1 67
2011 82.3 69.5
2010 82.1 69.7
2009 82 69.4
2008 80.7 70
2007 81.4 69.6
2006 82 69.8
2005 82.3 66.8
2004 81.5 64.6
2003 81.1 59
2002 80.7 59.8
2001 81.1 58.5
2000 80.9 53.8
1999 81.7 54.2
1998 79.2 57.5
1997 79 55.5
1996 78.1 57.6
1995 - 60.4

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

GeoRank.org/economy/new-zealand/slovakia | CC BY

The Economic Freedom Index for New Zealand is 77.8, ranking 13/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

New Zealand Slovakia
Services, % of GDP
68.2%
2023
59.8%
2025
Industry, % of GDP
19.4%
2023
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
4.01%
2023
1.59%
2025
GNI, Atlas method
$248B
2025
$143B
2025
GNI per capita, PPP
$53,600
2025
$47,920
2025
Total reserves including gold
$28.2B
2025
$18.2B
2025
Total reserves ranking
59/177
2025
69/177
2025
Net foreign direct investment
-$3.58B
2025
-$198M
2025
Net inflows of foreign direct investment
$1.76B
2024
$5.01B
2024
Net outflows of foreign direct investment
$882M
2024
$2.24B
2024
Poverty at national poverty lines n/a
13.7%
2021
Gross capital formation, % of GDP
23.1%
2024
20.1%
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/slovakia | 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 (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)

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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.