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Economy of Niger vs Portugal compared: GDP & Debt

Updated on by Georank team

Niger has a GDP of $19.9B compared to $313B for Portugal, ranking 130/197 and 46/197 by economy size, respectively.

Niger has $9.39B in government debt (47.2% of GDP), compared to $297B (94.9% of GDP) in Portugal.

Niger vs Portugal GDP by year

Niger
Portugal
1x
Year GDP, current $
Niger Portugal
2024 $19,876,128,486 $313,271,185,085
2023 $16,698,786,978 $292,323,800,949
2022 $15,433,852,712 $256,898,677,175
2021 $14,915,002,436 $256,055,879,091
2020 $13,744,653,103 $229,618,773,423
2019 $12,889,555,561 $240,115,970,063
2018 $12,837,307,497 $242,092,894,543
2017 $11,185,104,252 $220,862,990,767
2016 $10,398,861,982 $206,305,431,242
2015 $9,683,867,926 $199,038,523,120
2014 $10,862,943,544 $230,078,616,300
2013 $10,224,897,438 $226,677,408,292
2012 $9,426,912,648 $216,536,676,772
2011 $8,772,950,778 $245,426,767,676
2010 $7,851,192,502 $238,443,864,993
2009 $7,352,131,310 $244,667,762,836
2008 $7,297,600,226 $263,416,394,624
2007 $5,731,485,052 $240,496,147,317
2006 $4,756,361,252 $208,756,449,276
2005 $4,383,315,965 $197,253,876,705
2004 $3,760,443,738 $189,382,122,532
2003 $3,394,084,732 $165,226,175,537
2002 $2,782,192,879 $134,795,565,549
2001 $2,448,714,704 $121,604,107,165
2000 $2,241,753,193 $118,605,192,877
1999 $2,537,789,821 $127,470,385,557
1998 $2,643,363,519 $123,946,327,916
1997 $2,290,318,910 $117,016,535,163
1996 $2,405,686,940 $122,630,089,680
1995 $2,302,537,562 $118,122,007,430
1994 $1,938,058,175 $99,688,641,304
1993 $3,052,673,849 $95,009,751,901
1992 $3,386,232,579 $107,592,098,307
1991 $3,285,796,875 $89,233,599,278
1990 $3,512,356,508 $78,713,860,217
1989 $2,179,567,114 $60,594,092,182
1988 $2,280,356,193 $56,347,250,696
1987 $2,233,006,105 $48,182,925,857
1986 $1,904,096,998 $38,745,901,354
1985 $1,440,581,652 $27,115,807,742
1984 $1,461,243,326 $25,217,969,050
1983 $1,803,099,561 $27,239,650,742
1982 $2,017,612,216 $30,527,754,793
1981 $2,170,893,414 $31,977,276,873
1980 $2,508,524,721 $32,896,519,824
1979 $2,109,277,666 $26,622,819,672
1978 $1,774,365,590 $23,487,614,051
1977 $1,291,458,041 $21,439,523,311
1976 $1,064,517,601 $20,332,831,565
1975 $1,048,690,933 $19,347,607,843
1974 $1,026,137,111 $17,512,391,476
1973 $946,385,105 $15,090,564,186
1972 $742,779,661 $11,239,117,865
1971 $693,573,704 $9,201,604,240
1970 $649,916,621 $8,108,235,704
1969 $625,867,985 $7,287,555,035
1968 $641,214,226 $6,644,693,214
1967 $665,586,872 $6,002,607,030
1966 $702,296,079 $5,370,108,031
1965 $673,383,511 $4,901,711,248
1964 $582,816,396 $4,429,202,657
1963 $586,294,879 $4,084,251,593
1962 $531,736,599 $3,835,883,663
1961 $485,785,231 $3,573,719,085
1960 $449,526,873 $3,339,150,158

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

GeoRank.org/economy/niger/portugal | CC BY

GDP per capita in Niger vs Portugal by year

Niger
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Niger Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $735 $2,050 $29,292 $51,680
2023 $638 $1,875 $27,635 $49,353
2022 $610 $1,840 $24,621 $45,250
2021 $609 $1,586 $24,711 $38,658
2020 $580 $1,497 $22,299 $35,967
2019 $562 $1,419 $23,343 $37,866
2018 $579 $1,276 $23,541 $34,897
2017 $522 $1,208 $21,442 $32,971
2016 $503 $1,189 $19,980 $31,589
2015 $486 $1,172 $19,216 $29,608
2014 $565 $1,161 $22,121 $28,765
2013 $552 $1,138 $21,676 $27,966
2012 $529 $1,162 $20,593 $26,476
2011 $511 $1,064 $23,247 $26,803
2010 $474 $1,058 $22,552 $27,292
2009 $461 $999 $23,151 $26,472
2008 $475 $1,010 $24,949 $26,666
2007 $387 $955 $22,811 $25,738
2006 $333 $935 $19,839 $24,677
2005 $319 $888 $18,780 $22,725
2004 $283.5 $832 $18,064 $21,476
2003 $265.2 $837 $15,798 $20,850
2002 $225.3 $832 $12,937 $20,357
2001 $205.4 $809 $11,735 $19,529
2000 $194.8 $764 $11,526 $18,883
1999 $228.3 $783 $12,475 $17,718
1998 $246.1 $801 $12,199 $16,688
1997 $220.6 $745 $11,576 $15,789
1996 $239.5 $746 $12,185 $14,922
1995 $237 $757 $11,781 $14,406
1994 $206.2 $748 $9,977 $13,578
1993 $335 $742 $9,535 $13,202
1992 $384 $746 $10,811 $13,182
1991 $384 $738 $8,959 $12,739
1990 $424 $739 $7,885 $11,780
1989 $271.3 - $6,056 -
1988 $292.6 - $5,624 -
1987 $295.3 - $4,804 -
1986 $259.6 - $3,862 -
1985 $202.4 - $2,705 -
1984 $211.5 - $2,523 -
1983 $268.8 - $2,735 -
1982 $310 - $3,080 -
1981 $343 - $3,246 -
1980 $409 - $3,368 -
1979 $354 - $2,756 -
1978 $307 - $2,457 -
1977 $229.8 - $2,267 -
1976 $194.8 - $2,173 -
1975 $197.2 - $2,128 -
1974 $198.3 - $2,000 -
1973 $187.9 - $1,748 -
1972 $151.4 - $1,302 -
1971 $145.2 - $1,065 -
1970 $139.8 - $934 -
1969 $138.3 - $832 -
1968 $145.6 - $752 -
1967 $155.4 - $676 -
1966 $168.6 - $601 -
1965 $166.3 - $545 -
1964 $148.1 - $490 -
1963 $153.3 - $452 -
1962 $143.2 - $426 -
1961 $134.6 - $400 -
1960 $128.3 - $377 -

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

GeoRank.org/economy/niger/portugal | CC BY

Niger's GDP per capita is $735, ranking 187/197, compared to $29,292 in Portugal, ranking 44/197. Adjusted for purchasing power (GDP per capita PPP), Niger ranks 186th at $2,050, while Portugal ranks 42nd at $51,680.

Economic indicators

Niger Portugal
Gross domestic product
$19.9B
2024
$313B
2024
GDP rank
130/197
2024
46/197
2024
GDP growth
10.3%
2023-2024
2.14%
2023-2024
GDP per capita
$735
2024
$29,292
2024
GDP per capita rank
187/197
2024
44/197
2024
GDP per capita, PPP
$2,050
2024
$51,680
2024
GDP per capita PPP rank
186/197
2024
42/197
2024
Government debt
$9.39B
2024
$297B
2024
Debt-to-GDP ratio
47.2%
2024
94.9%
2024
Government debt per person
$347
2024
$27,807
2024
Government debt per person rank
173/185
2024
27/185
2024
Average annual personal income after taxes
$1,163
2026
$16,747
2026
Market capitalization of domestic companies n/a
$61.9B
2018
Number of millionaires n/a
171,797
2025
Number of billionaires n/a
1
2025
Income share by richest 10%
27.8%
2021
26.9%
2023
Income share by poorest 10%
3.8%
2021
2.7%
2023
Government expenditure, % of GDP
13.4%
2024
42.8%
2024
Consumer prices inflation
9.07%
2023-2024
2.42%
2023-2024
Unemployment rate
0.4%
2022
6.43%
2024
Population
29080898
10667081

Spending and national debt comparison by year

Niger
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
Niger Portugal
Government spending Government debt Government spending Government debt
2024 13.4% 47.2% 42.8% 94.9%
2023 15.8% 51.8% 42.3% 97.7%
2022 21.6% 50.6% 43.9% 111.2%
2021 24.3% 51.3% 47.3% 123.9%
2020 22.4% 45% 49.1% 134.1%
2019 21.6% 39.8% 42.5% 116.1%
2018 21.2% 37% 43.3% 121.1%
2017 19.5% 36.5% 45.5% 126%
2016 19.4% 32.8% 44.9% 131.2%
2015 24.2% 29.9% 48.2% 131%
2014 23.6% 22.1% 51.7% 132.5%
2013 20.4% 19.6% 50% 130.8%
2012 16.6% 18.1% 48.8% 128.6%
2011 15.3% 14.7% 50% 114%
2010 14.3% 15.1% 51.9% 100.1%
2009 17.7% 15.9% 50.3% 87.8%
2008 16.9% 14.2% 45.5% 75.6%
2007 17.4% 17.8% 44.5% 72.7%
2006 15.2% 18.3% 45.1% 73.7%
2005 15.6% 49.5% 46.8% 72.2%
2004 16.1% 55% 46.1% 67.1%
2003 14% 60.6% 45.4% 63.9%
2002 14.4% 69% 44.2% 60%
2001 13.7% 74% 44.1% 57.4%
2000 13.5% 82.1% 42.8% 54.2%
1999 15% 63.3% 42.5% 55.4%
1998 13.6% 61.3% 42.6% 55.6%
1997 12.9% 69.1% 42.4% 58.7%
1996 10.9% 63.5% 43% 63.3%
1995 12.5% 69.4% 42.6% 62.2%
1994 - - 42.8% 60.4%
1993 - - 46.5% 57.2%
1992 - - 48.2% 58.1%
1991 - - 45.9% 63.9%
1990 - - 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 - - 30.8% 35.2%
1978 - - 31.7% 31.4%
1977 - - 35.1% 26.9%
1976 - - 38.2% 24.5%
1975 - - 31.9% 19.2%
1974 - - 25.8% 13.5%
1973 - - 25.7% 13.6%
1972 - - 22.8% 14.5%
1971 - - 15.5% 15.7%
1970 - - 15.5% 16.5%
1969 - - 14.9% 16.8%
1968 - - 14.3% 17.2%
1967 - - 14.1% 18.5%
1966 - - 14.4% 20.2%
1965 - - 13.4% 20.4%
1964 - - 13.9% 21.9%
1963 - - 14.6% 20.8%
1962 - - 14.5% 18.7%
1961 - - 14.6% 17.1%
1960 - - 14.3% 16.4%

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/niger/portugal | CC BY

In 2024, Niger's government spending was $2.67B, accounting for 13.4% of its GDP, while Portugal spent $134B, or 42.8% of GDP.

Debt-to-GDP ratio is 47.2% in Niger and 94.9% in Portugal, ranking 114/185 and 27/185, respectively.

Government deficit by year

Deficit/surplus
Niger

Portugal
1x
Year Deficit/surplus, % of GDP
Niger Portugal
2024 -4.27% 0.7%
2023 -5.37% 1.21%
2022 -6.77% -0.31%
2021 -6.1% -2.83%
2020 -4.82% -5.75%
2019 -3.56% 0.12%
2018 -3.01% -0.43%
2017 -4.12% -3%
2016 -4.46% -1.94%
2015 -6.75% -4.37%
2014 -6.12% -7.32%
2013 -1.93% -5.21%
2012 -0.83% -6.2%
2011 -2.19% -7.73%
2010 -0.99% -11.4%
2009 -3.93% -9.87%
2008 1.11% -3.81%
2007 -0.75% -2.91%
2006 31% -4.07%
2005 -1.53% -6.11%
2004 -2.76% -5.99%
2003 -2.17% -5.66%
2002 -2.21% -3.73%
2001 -2.59% -4.73%
2000 -2.83% -3.35%
1999 -4.27% -2.99%
1998 -2.23% -4.3%
1997 -2.39% -3.65%
1996 -0.36% -4.63%
1995 -3.19% -5.14%
1994 - -7.37%
1993 - -8.06%
1992 - -5.19%
1991 - -7.93%
1990 - -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

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/niger/portugal | CC BY

In 2024, Niger's government deficit, the difference between spending and revenue, was $848M, equivalent to 4.27% of GDP. This compares to Portugal's surplus of $2.19B, or 0.7% of GDP.

Over the past 30 years, Niger recorded a fiscal deficit in 28 of those years, while Portugal ran a deficit in 27 years. On average, Niger posted an annual deficit equal to 2.01% of GDP, compared to deficit of 4.18% of GDP for Portugal.

Inflation comparison by year

Inflation
Niger

Portugal
1x
Year Consumer prices inflation
Niger Portugal
2024 9.07% 2.42%
2023 3.7% 4.31%
2022 4.23% 7.83%
2021 3.84% 1.27%
2020 2.9% -0.01%
2019 -2.49% 0.34%
2018 2.97% 0.99%
2017 2.8% 1.37%
2016 1.65% 0.61%
2015 -0.58% 0.49%
2014 -0.93% -0.28%
2013 2.3% 0.27%
2012 0.46% 2.77%
2011 2.94% 3.65%
2010 0.8% 1.4%
2009 0.58% -0.84%
2008 11.3% 2.59%
2007 0.05% 2.45%
2006 0.04% 3.11%
2005 7.8% 2.28%
2004 0.26% 2.37%
2003 -1.61% 3.22%
2002 2.63% 3.6%
2001 4.01% 4.37%
2000 2.9% 2.85%
1999 -2.3% 2.34%
1998 4.55% 2.57%
1997 2.93% 2.34%

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

GeoRank.org/economy/niger/portugal | CC BY

Over the past 28 years, Niger has recorded an average annual inflation rate of 2.39%, compared with 2.17% in Portugal. In 2024, inflation was 9.07% in Niger and 2.42% in Portugal.

Top exports between countries

Niger
Export category Export value
Raw materials & minerals $46K
Textiles & consumer goods $44K
Portugal
Export category Export value
Textiles & consumer goods $1.19M
Machinery & equipment $408K
Raw materials & minerals $90K
Processed food, beverages & tobacco $76K
Chemicals & pharma $51K
Animal & marine products $29K
Wood & paper products $27K
Metals $19K
Precious metals & jewellery $4K
Miscellaneous $1K

Balance of trade

Niger Portugal
Current account balance
-$2.33B
2023
$6.51B
2024
Current account balance ranking
146/190
2023
28/190
2024
Current account balance, % of GDP
-14%
2023
+2.08%
2024
Goods imports
$2.59B
2023
$109B
2024
Goods exports
$992M
2023
$81.4B
2024
Service imports
$1.22B
2023
$27.9B
2024
Service exports
$231M
2023
$62.7B
2024
Imports of goods and services, % of GDP
22.7%
2024
43.9%
2024
Exports of goods and services, % of GDP
27.3%
2024
45.8%
2024

Economic freedom indices

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

Niger Portugal
Economic freedom 51 71.2
Economic freedom ranking 156/197 33/197
Property rights 16.6 88.9
Government integrity 33.9 63.4
Judicial effectiveness 28 90.1
Tax burden 78.2 60.6
Government spending 91.4 44.6
Fiscal health 47.6 82
Business freedom 32.4 83.1
Labor freedom 54.7 54.8
Monetary freedom 67.9 77.7
Trade freedom 65.8 79.4
Investment freedom 55 70
Financial freedom 40 60

Economic freedom comparison by year

Niger
Portugal
1x
Year Economic freedom index
Niger Portugal
2026 51 71.2
2025 51.5 70.5
2024 52.3 68.7
2023 53.7 69.5
2022 54.9 70.8
2021 57.3 67.5
2020 54.7 67
2019 51.6 65.3
2018 49.5 63.4
2017 50.8 62.6
2016 54.3 65.1
2015 54.6 65.3
2014 55.1 63.5
2013 53.9 63.1
2012 54.3 63
2011 54.3 64
2010 52.9 64.4
2009 53.8 64.9
2008 52.9 63.9
2007 53.2 64
2006 52.5 62.9
2005 54.1 62.4
2004 54.6 64.9
2003 54.2 64.9
2002 48.2 65.4
2001 48.9 66
2000 45.9 65.5
1999 48.6 65.6
1998 47.5 65
1997 46.6 63.6
1996 45.8 64.5
1995 - 62.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/niger/portugal | CC BY

The Economic Freedom Index for Niger is 51, ranking 156/197, compared to 71.2 for Portugal, ranking 33/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Niger Portugal
Services, % of GDP
45%
2024
66.3%
2024
Industry, % of GDP
17.6%
2024
18.7%
2024
Agriculture, forestry, and fishing, % of GDP
34.5%
2024
2.02%
2024
GNI, Atlas method
$18.3B
2024
$288B
2024
GNI per capita, PPP
$2,030
2024
$50,730
2024
Total reserves including gold n/a
$42.4B
2024
Total reserves ranking n/a
48/177
2024
Net foreign direct investment
-$1.02B
2023
-$6.64B
2024
Net inflows of foreign direct investment
$358M
2024
$13.5B
2024
Net outflows of foreign direct investment
$20.7M
2024
$6.84B
2024
Servicing debt to the IMF, % of GNI
1.94%
2024
n/a
Poverty at national poverty lines
41.2%
2021
16.4%
2021
Gross capital formation, % of GDP
22.1%
2024
20.4%
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/niger/portugal | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, 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.