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Economy of New Zealand vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

New Zealand has a GDP of $260B compared to $115B for Uzbekistan, ranking 53/197 and 66/197 by economy size, respectively.

New Zealand has $133B in government debt (55.3% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

New Zealand
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
New Zealand Uzbekistan
Current $ Constant $ Current $ Constant $
1960 $5,536,098,360 $42,169,502,939 - -
1961 $5,721,994,864 $43,567,695,918 - -
1962 $6,133,158,532 $44,909,961,496 - -
1963 $6,699,741,645 $47,650,420,052 - -
1964 $7,340,766,415 $50,558,660,811 - -
1965 $5,706,251,400 $53,648,670,594 - -
1966 $5,917,437,693 $57,000,887,530 - -
1967 $6,016,017,227 $54,384,875,095 - -
1968 $5,228,045,415 $54,358,308,884 - -
1969 $5,814,357,709 $59,899,960,124 - -
1970 $6,495,605,331 $59,062,793,729 - -
1971 $7,911,136,757 $61,298,590,947 - -
1972 $9,567,331,065 $64,436,532,490 - -
1973 $12,802,281,898 $69,462,760,982 - -
1974 $13,940,981,798 $73,625,970,474 - -
1975 $12,861,983,284 $72,351,001,836 - -
1976 $13,604,832,424 $73,023,006,890 - -
1977 $15,446,825,318 $70,148,574,828 - -
1978 $18,530,518,395 $70,372,042,491 - -
1979 $20,731,243,113 $71,914,438,834 - -
1980 $23,244,547,385 $72,838,001,601 - -
1981 $24,417,617,184 $76,229,086,932 - -
1982 $24,164,603,059 $76,937,776,426 - -
1983 $24,309,279,706 $79,624,078,134 - -
1984 $21,665,975,319 $83,440,220,877 - -
1985 $24,679,795,396 $84,788,059,636 - -
1986 $30,604,668,357 $87,082,121,111 - -
1987 $40,376,354,070 $87,927,548,030 $8,523,160,593 $28,089,418,035
1988 $45,176,811,594 $87,616,568,095 $10,722,799,639 $30,656,392,613
1989 $43,920,222,525 $87,757,994,040 $11,948,815,258 $31,604,071,830
1990 $45,495,129,385 $87,892,387,206 $13,362,340,338 $32,109,736,981
1991 $42,745,329,732 $86,933,663,001 $13,800,167,712 $31,951,757,074
1992 $41,649,829,860 $87,884,573,621 $12,953,801,760 $28,373,160,282
1993 $46,775,620,817 $93,501,741,195 $13,099,920,056 $27,720,577,595
1994 $55,314,732,279 $98,288,327,599 $12,899,074,922 $26,279,107,562
1995 $63,918,703,507 $102,929,582,187 $13,350,461,265 $26,042,595,592
1996 $70,140,835,299 $106,647,274,008 $13,948,892,216 $26,485,319,718
1997 $66,075,143,415 $108,864,761,861 $14,744,603,774 $27,862,556,343
1998 $56,227,169,851 $109,799,263,892 $14,988,971,211 $29,060,646,266
1999 $58,762,260,626 $115,703,970,647 $17,078,465,982 $30,310,254,055
2000 $52,623,281,957 $119,024,733,715 $13,760,513,969 $31,472,652,299
2001 $53,872,425,917 $123,084,659,196 $11,401,421,329 $32,783,122,633
2002 $66,627,729,311 $128,886,227,124 $9,687,788,513 $34,085,756,140
2003 $88,250,885,550 $134,980,022,138 $10,134,453,435 $35,528,479,188
2004 $103,905,210,084 $140,497,957,985 $12,030,023,548 $38,174,995,818
2005 $114,720,129,550 $145,208,752,801 $14,307,509,839 $40,828,160,774
2006 $111,538,810,713 $149,245,237,528 $17,330,833,853 $43,870,437,889
2007 $137,188,946,866 $153,806,793,429 $22,311,393,928 $48,026,286,798
2008 $133,437,126,590 $152,242,519,171 $29,549,438,884 $52,362,657,564
2009 $121,663,439,315 $152,185,479,818 $33,689,223,673 $56,578,340,213
2010 $146,887,902,524 $154,405,312,545 $49,765,676,402 $60,876,691,748
2011 $168,484,908,960 $157,637,781,921 $60,178,909,297 $65,457,747,965
2012 $176,560,711,239 $161,367,975,233 $67,517,349,212 $70,106,848,439
2013 $191,012,364,177 $165,546,666,710 $73,180,037,915 $75,222,229,948
2014 $201,518,402,787 $171,881,119,397 $80,845,385,809 $80,392,884,506
2015 $178,224,167,088 $178,224,167,088 $86,196,264,755 $86,196,264,755
2016 $189,100,085,275 $184,959,455,627 $86,138,288,644 $91,309,557,165
2017 $206,745,969,246 $191,208,740,301 $69,703,222,283 $95,322,862,969
2018 $211,985,631,173 $197,844,796,499 $58,695,899,092 $100,622,047,496
2019 $213,006,341,102 $202,429,793,154 $67,293,639,798 $107,444,145,840
2020 $213,029,554,654 $201,807,833,898 $66,443,265,418 $109,123,866,128
2021 $253,977,931,815 $210,960,637,813 $77,340,060,003 $117,891,622,987
2022 $249,509,991,440 $218,336,637,843 $90,095,926,567 $124,966,702,851
2023 $255,194,972,673 $221,380,800,380 $102,641,879,249 $132,828,878,428
2024 $260,235,932,559 $221,100,836,866 $114,965,293,467 $141,462,755,525

Economic indicators

New Zealand Uzbekistan
Gross domestic product
$260B
2024
$115B
2024
GDP rank
53/197
2024
66/197
2024
GDP growth
1.98%
2023-2024
12%
2023-2024
GDP per capita
$48,747
2024
$3,162
2024
GDP per capita rank
26/197
2024
139/197
2024
GDP per capita, PPP
$55,094
2024
$11,879
2024
Government debt
$133B
2024
$37.5B
2024
Debt-to-GDP ratio
55.3%
2025
33%
2025
Government debt per person
$24,936
2024
$1,032
2024
Government debt per person rank
28/185
2024
142/185
2024
Average annual personal income after taxes
$36,132
2025
$3,203
2025
Market capitalization of domestic companies
$92.9B
2024
$18.8B
2024
Number of billionaires
5
2025
n/a
Income share by richest 10% n/a
25.7%
2024
Income share by poorest 10% n/a
2.3%
2024
Government expenditure, % of GDP
43%
2025
27.8%
2025
Consumer prices inflation
2.92%
2023-2024
9.1%
2024-2025
Central bank interest rate
3%
2025
14%
2025
Unemployment rate
4.72%
2024
5.29%
2020
Population
5406623
37592263

GDP per capita in New Zealand vs Uzbekistan

New Zealand's GDP per capita is $48,747, ranking 26/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), New Zealand ranks 37th at $55,094, while Uzbekistan ranks 123rd at $11,879.

New Zealand
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
New Zealand Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $2,334 - - -
1961 $2,365 - - -
1962 $2,471 - - -
1963 $2,646 - - -
1964 $2,839 - - -
1965 $2,171 - - -
1966 $2,211 - - -
1967 $2,208 - - -
1968 $1,902 - - -
1969 $2,097 - - -
1970 $2,311 - - -
1971 $2,773 - - -
1972 $3,295 - - -
1973 $4,323 - - -
1974 $4,611 - - -
1975 $4,172 - - -
1976 $4,374 - - -
1977 $4,951 - - -
1978 $5,937 - - -
1979 $6,668 - - -
1980 $7,467 - - -
1981 $7,814 - - -
1982 $7,656 - - -
1983 $7,598 - - -
1984 $6,714 - - -
1985 $7,601 - - -
1986 $9,428 - - -
1987 $12,331 - $450 -
1988 $13,759 - $551 -
1989 $13,312 - $598 -
1990 $13,663 $14,871 $653 $2,665
1991 $12,230 $14,560 $658 $2,676
1992 $11,793 $14,937 $603 $2,371
1993 $13,094 $15,964 $596 $2,318
1994 $15,280 $17,111 $574 $2,197
1995 $17,400 $17,885 $583 $2,178
1996 $18,794 $18,442 $597 $2,214
1997 $17,474 $19,127 $621 $2,329
1998 $14,738 $19,320 $621 $2,418
1999 $15,322 $20,579 $698 $2,522
2000 $13,641 $21,501 $555 $2,644
2001 $13,883 $22,521 $454 $2,782
2002 $16,874 $23,306 $381 $2,902
2003 $21,914 $23,987 $394 $3,047
2004 $25,420 $25,097 $462 $3,321
2005 $27,751 $25,677 $543 $3,618
2006 $26,655 $27,744 $649 $3,956
2007 $32,480 $29,354 $824 $4,386
2008 $31,325 $29,896 $1,075 $4,800
2009 $28,277 $30,756 $1,206 $5,135
2010 $33,762 $31,293 $1,753 $5,505
2011 $38,432 $32,739 $2,088 $5,949
2012 $40,054 $33,055 $2,307 $6,168
2013 $43,000 $36,263 $2,462 $6,413
2014 $44,618 $37,331 $2,675 $6,610
2015 $38,665 $37,578 $2,803 $6,800
2016 $40,114 $39,989 $2,753 $6,919
2017 $42,950 $42,244 $2,191 $7,818
2018 $43,257 $42,527 $1,813 $8,129
2019 $42,779 $45,198 $2,041 $8,544
2020 $41,851 $45,354 $1,978 $8,452
2021 $49,689 $47,997 $2,259 $9,248
2022 $48,760 $53,647 $2,579 $10,293
2023 $48,655 $53,854 $2,879 $11,107
2024 $48,747 $55,094 $3,162 $11,879

Spending and national debt comparison

In 2024, New Zealand's government spending was $111B, accounting for 43% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 55.3% in New Zealand and 33% in Uzbekistan, ranking 95/185 and 155/185, respectively.

New Zealand
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
New Zealand Uzbekistan
Government spending Government debt Government spending Government debt
1960 25.3% 68.1% - -
1961 21.1% 64.6% - -
1962 21.6% 65% - -
1963 19.4% 64.5% - -
1964 19.4% 61.8% - -
1965 24.9% 59.6% - -
1966 25% 58.2% - -
1967 26% 59.7% - -
1968 26.2% 86.5% - -
1969 25.9% 85.8% - -
1970 24.8% 76.5% - -
1971 26.8% 71.3% - -
1972 26.4% 46% - -
1973 27.1% 44% - -
1974 27.3% 39.6% - -
1975 30.1% 41.4% - -
1976 31.6% 47.6% - -
1977 30% 44.6% - -
1978 36.6% 50% - -
1979 38.4% 52% - -
1980 38% 52.2% - -
1981 39.1% 50.5% - -
1982 39.9% 51.5% - -
1983 41.4% 59.6% - -
1984 40.7% 62.8% - -
1985 46.1% 64.1% - -
1986 46.9% 68.5% - -
1987 46.1% 62.9% - -
1988 46.1% 54.7% - -
1989 47.9% 55% - -
1990 49.6% 55.5% - -
1991 53% 58% - -
1992 52.5% 58.7% 18% -
1993 46.8% 54.6% 39.6% -
1994 42.8% 48.9% 27.1% -
1995 41.6% 43.5% 29.4% -
1996 39.9% 37.3% 35.1% -
1997 39.3% 34.6% 31.8% 15.3%
1998 40.1% 34.5% 35.1% 18%
1999 39.3% 32% 33.6% 18.4%
2000 38.3% 30% 32.9% 29.5%
2001 37.2% 28.2% 30.6% 44.8%
2002 36.8% 26.4% 34.6% 41.6%
2003 36.7% 24.7% 31.5% 31.4%
2004 36.2% 22.5% 29.4% 26.9%
2005 37.1% 20.8% 28.1% 21%
2006 37.9% 18.4% 24.7% 13.5%
2007 37.1% 16.3% 24.8% 9.56%
2008 38.5% 19% 26.5% 8.33%
2009 40.3% 24.3% 27.5% 7.3%
2010 42.9% 29.6% 26.4% 6.61%
2011 42.4% 34.7% 23.7% 6.33%
2012 39.7% 35.7% 23.9% 6.76%
2013 38.6% 34.5% 25.2% 6.23%
2014 37.7% 34.2% 24.9% 6.09%
2015 37.2% 34.2% 24.6% 6.72%
2016 36.4% 33.3% 23.3% 8.19%
2017 35.6% 31.1% 19.9% 17.3%
2018 36.1% 28.1% 22.2% 17.5%
2019 38.8% 31.8% 24.3% 25.4%
2020 42% 43.2% 26% 33.7%
2021 41.9% 47.5% 27.4% 31.7%
2022 41.8% 46.9% 31.4% 30.5%
2023 41.3% 47% 29.9% 32.2%
2024 42.7% 51.2% 27.8% 32.6%
2025 43% 55.3% 27.8% 33%

Government deficit by year

In 2024, New Zealand's government deficit, the difference between spending and revenue, was -$11.4B, equivalent to -4.38% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 33 years, New Zealand recorded a fiscal deficit in 16 of those years, while Uzbekistan ran a deficit in 20 years. On average, New Zealand posted an annual deficit equal to -0.23% of GDP, compared to deficit of -0.86% of GDP for Uzbekistan.

Deficit/surplus
New Zealand

Uzbekistan
Year Deficit/surplus, % of GDP
New Zealand Uzbekistan
1876 -5.28% -
1877 -2.53% -
1878 -0.85% -
1879 -0.55% -
1880 -2.39% -
1881 -2.33% -
1882 0.18% -
1883 0.38% -
1884 -0.1% -
1885 -0.47% -
1886 -0.53% -
1887 -1.63% -
1888 -1.64% -
1889 0.59% -
1890 0.05% -
1891 0.46% -
1892 0.09% -
1893 1.14% -
1894 0.76% -
1895 0.32% -
1896 0.65% -
1897 0.86% -
1898 1.38% -
1899 1.15% -
1900 1.59% -
1901 1.11% -
1902 0.63% -
1903 0.55% -
1904 1.42% -
1905 1.41% -
1906 0.97% -
1907 1.13% -
1908 1.26% -
1909 0.31% -
1910 0.36% -
1911 1.24% -
1912 0.89% -
1913 0.79% -
1914 0.45% -
1915 0.06% -
1916 1.46% -
1917 3.89% -
1918 4.35% -
1919 2.9% -
1920 1.51% -
1921 3.55% -
1922 -0.2% -
1923 0.95% -
1924 1.2% -
1925 0.78% -
1926 0.72% -
1927 0.4% -
1928 0.12% -
1929 -0.37% -
1930 0.09% -
1931 -1.12% -
1932 -1.77% -
1933 0.02% -
1934 -0.55% -
1935 1.19% -
1936 0.17% -
1937 0.23% -
1938 0.38% -
1939 0.34% -
1940 0.13% -
1941 0.64% -
1942 0.56% -
1943 1.24% -
1944 0.59% -
1945 0.32% -
1946 0.31% -
1947 1.07% -
1948 0.36% -
1949 0.53% -
1950 0.78% -
1951 1.17% -
1952 1.73% -
1953 0.43% -
1954 0.22% -
1955 0.73% -
1956 1.33% -
1957 0.32% -
1958 -0.02% -
1959 0.03% -
1960 0.05% -
1961 0.03% -
1962 0.02% -
1963 -0.26% -
1964 -0.08% -
1965 0.26% -
1966 0.09% -
1967 0.02% -
1968 0.03% -
1969 0.17% -
1970 -0.05% -
1971 0.09% -
1972 0.12% -
1973 -0.07% -
1974 0.03% -
1975 0.11% -
1976 -2.07% -
1977 -1.09% -
1978 -3.41% -
1979 -6.55% -
1980 -4.9% -
1981 -6.02% -
1982 -6.26% -
1983 -6.64% -
1984 -8.68% -
1985 -6.97% -
1986 -5.33% -
1987 -3.43% -
1988 -1.88% -
1989 -2.16% -
1990 -2.74% -
1991 -6.14% -
1992 -6.27% 7.15%
1993 -1.53% -12%
1994 1.99% -4.47%
1995 3.7% -1.77%
1996 2.58% -1.57%
1997 1.23% -2.05%
1998 -0.48% -3.04%
1999 -1.11% -2.91%
2000 0.17% -3.66%
2001 1.29% -3.28%
2002 2.55% -6.31%
2003 3.68% -4.87%
2004 4.49% -3.74%
2005 5.13% -3.52%
2006 4.62% 2.72%
2007 3.6% 3.55%
2008 1.47% 5.97%
2009 -1.81% 1.82%
2010 -5.51% 2.56%
2011 -4.96% 5.11%
2012 -2.19% 5.89%
2013 -1.29% 2.15%
2014 -0.34% 1.9%
2015 0.36% -0.28%
2016 0.98% 0.7%
2017 1.36% 1.04%
2018 1.27% 1.64%
2019 -2.5% -0.26%
2020 -4.35% -2.95%
2021 -3.5% -4.1%
2022 -4.16% -3.65%
2023 -3.54% -3.98%
2024 -4.38% -2.26%
2025 -5.18% -2.27%

Inflation comparison by year

Over the past 29 years, New Zealand has recorded an average annual inflation rate of 2.37%, compared with 17.9% in Uzbekistan. In 2024, inflation was 2.92% in New Zealand and 9.1% in Uzbekistan.

Inflation
New Zealand

Uzbekistan
Year Inflation
New Zealand Uzbekistan New Zealand Uzbekistan
1996 2.29% 54%
1997 1.19% 70.9%
1998 1.27% 29%
1999 -0.11% 29.1%
2000 2.62% 25%
2001 2.63% 27.3%
2002 2.68% 27.3%
2003 1.75% 12.5%
2004 2.29% 7.3%
2005 3.04% 10.7%
2006 3.37% 13.1%
2007 2.38% 11.2%
2008 3.96% 13.1%
2009 2.12% 12.3%
2010 2.3% 12.3%
2011 4.03% 12.4%
2012 1.06% 11.9%
2013 1.13% 11.7%
2014 1.23% 9.1%
2015 0.29% 8.5%
2016 0.65% 8.8%
2017 1.85% 13.9%
2018 1.6% 17.5%
2019 1.62% 14.5%
2020 1.71% 12.9%
2021 3.94% 10.8%
2022 7.17% 11.4%
2023 5.73% 10%
2024 2.92% 9.6%
2025 - 9.1%

Top exports between countries

New Zealand
Export category Export value
Transport & tourism services $1.2M
Machinery & equipment $125K
Chemicals & pharma $97K
Processed food, beverages & tobacco $2K
Raw materials & minerals $1K
Uzbekistan
Export category Export value
Raw agricultural goods $20K

Balance of trade

New Zealand Uzbekistan
Current account balance
-$15.8B
2024
-$5.72B
2024
Current account balance ranking
178/189
2024
170/189
2024
Current account balance, % of GDP
-6.09%
2024
-4.97%
2024
Goods imports
$48.6B
2024
$33.2B
2024
Goods exports
$43.3B
2024
$19.6B
2024
Service imports
$19.4B
2024
$10.5B
2024
Service exports
$18.5B
2024
$6.55B
2024
Imports of goods and services, % of GDP
26.7%
2023
38%
2024
Exports of goods and services, % of GDP
23.7%
2023
22.8%
2024

Economic freedom indices

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

New Zealand Uzbekistan
Economic freedom 78.1 58
Economic freedom ranking 12/197 111/197
Property rights 87.5 33.5
Government integrity 91.3 31.2
Judicial effectiveness 93.9 14.5
Tax burden 65.4 92.8
Government spending 47.8 73.6
Fiscal health 77.7 73.3
Business freedom 88.7 64.4
Labor freedom 69.7 47.9
Monetary freedom 74.6 64.6
Trade freedom 90.4 80.6
Investment freedom 70 60
Financial freedom 80 60

Economic freedom by year comparison

The Economic Freedom Index for New Zealand is 78.1, ranking 12/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

New Zealand
Uzbekistan
Year Economic freedom index
New Zealand Uzbekistan
1996 78.1 -
1997 79 -
1998 79.2 31.5
1999 81.7 33.8
2000 80.9 38.1
2001 81.1 38.2
2002 80.7 38.5
2003 81.1 38.3
2004 81.5 39.1
2005 82.3 45.8
2006 82 48.7
2007 81.4 51.5
2008 80.7 51.9
2009 82 50.5
2010 82.1 47.5
2011 82.3 45.8
2012 82.1 45.8
2013 81.4 46
2014 81.2 46.5
2015 82.1 47
2016 81.6 46
2017 83.7 52.3
2018 84.2 51.5
2019 84.4 53.3
2020 84.1 57.2
2021 83.9 58.3
2022 80.6 55.7
2023 78.9 56.5
2024 77.8 55.9
2025 78.1 58

More economic indicators

New Zealand Uzbekistan
Services, % of GDP
67.4%
2022
45.2%
2024
Industry, % of GDP
19.6%
2022
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
4.57%
2022
18.3%
2024
GNI, Atlas method
$247B
2024
$110B
2024
GNI per capita, PPP
$53,160
2024
$12,000
2024
Total reserves including gold
$22.1B
2024
$41.2B
2024
Total reserves ranking
59/177
2024
50/177
2024
Net foreign direct investment
-$1.17B
2024
-$2.8B
2024
Net inflows of foreign direct investment
$3.37B
2024
$2.84B
2024
Net outflows of foreign direct investment
$2.2B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
n/a
8.24%
2023
Poverty at national poverty lines n/a
8.9%
2024
Gross capital formation, % of GDP
23.8%
2023
33.3%
2024

GDP per capita map

GDP per capita

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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.