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Economy of Norway vs Suriname compared: GDP & Debt

Updated on by Georank team

Norway has a GDP of $484B compared to $4.42B for Suriname, ranking 32/197 and 164/197 by economy size, respectively.

Norway has $207B in government debt (42.7% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Norway vs Suriname GDP by year

Norway
Suriname
1x
Year GDP, current $
Norway Suriname
2024 $483,592,648,313 $4,416,775,112
2023 $482,949,731,777 $3,472,693,412
2022 $596,297,651,036 $3,791,603,200
2021 $503,367,986,030 $3,107,923,198
2020 $367,633,418,887 $2,911,807,496
2019 $408,742,840,909 $4,016,040,575
2018 $439,788,625,884 $3,996,198,867
2017 $401,745,275,035 $3,591,679,431
2016 $370,956,547,619 $3,317,421,648
2015 $388,159,512,246 $5,126,237,646
2014 $501,736,471,833 $5,240,606,061
2013 $526,014,468,085 $5,145,757,576
2012 $512,777,309,841 $4,980,000,000
2011 $501,360,549,669 $4,422,276,622
2010 $431,052,143,940 $4,368,370,998
2009 $387,976,400,617 $3,875,409,836
2008 $464,917,553,191 $3,532,969,035
2007 $402,643,260,488 $2,936,612,022
2006 $346,915,160,682 $2,626,380,435
2005 $309,978,579,744 $1,793,410,397
2004 $265,268,662,473 $1,484,092,538
2003 $229,385,469,337 $1,274,190,311
2002 $195,914,852,576 $1,093,574,468
2001 $174,239,354,071 $834,279,358
2000 $171,457,201,936 $947,671,970
1999 $162,383,706,021 $886,290,698
1998 $154,230,295,158 $1,110,850,000
1997 $161,356,631,888 $926,422,500
1996 $163,520,109,151 $861,372,806
1995 $152,029,612,325 $691,590,498
1994 $127,131,319,429 $605,492,537
1993 $120,579,213,713 $428,764,706
1992 $130,838,040,068 $404,600,000
1991 $121,872,464,483 $448,100,000
1990 $119,791,843,060 $388,400,000
1989 $102,633,934,391 $542,600,000
1988 $101,900,260,856 $1,161,000,000
1987 $94,229,907,236 $980,000,000
1986 $78,693,118,044 $891,000,000
1985 $65,416,879,914 $873,000,000
1984 $62,057,955,033 $864,000,000
1983 $61,627,240,831 $883,500,000
1982 $62,647,195,538 $915,000,000
1981 $63,596,654,761 $889,000,000
1980 $64,439,382,896 $795,000,000
1979 $53,132,244,624 $782,500,000
1978 $46,522,900,254 $735,500,000
1977 $41,508,030,431 $641,500,000
1976 $35,942,270,686 $505,500,000
1975 $32,877,805,200 $465,500,000
1974 $27,145,693,810 $409,850,000
1973 $22,534,253,703 $339,450,000
1972 $17,358,610,850 $311,950,000
1971 $14,583,114,840 $301,000,000
1970 $12,814,123,115 $274,900,000
1969 $11,136,187,440 $259,650,000
1968 $10,227,087,165 $241,350,000
1967 $9,577,383,653 $220,700,000
1966 $8,753,940,267 $190,350,000
1965 $8,111,945,661 $154,150,000
1964 $7,206,522,122 $134,400,000
1963 $6,553,269,536 $125,950,000
1962 $6,107,076,929 $116,150,000
1961 $5,669,689,210 $107,700,000
1960 $5,197,398,721 $99,650,000

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

GeoRank.org/economy/norway/suriname | CC BY

GDP per capita in Norway vs Suriname by year

Norway
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Norway Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $86,785 $102,038 $6,962 $21,801
2023 $87,497 $103,638 $5,522 $21,110
2022 $109,270 $125,490 $6,084 $20,079
2021 $93,073 $88,984 $5,030 $18,458
2020 $68,340 $67,111 $4,755 $16,947
2019 $76,431 $70,940 $6,630 $19,772
2018 $82,793 $70,254 $6,666 $17,855
2017 $76,132 $64,590 $6,050 $17,568
2016 $70,867 $59,280 $5,644 $14,475
2015 $74,810 $60,738 $8,814 $16,544
2014 $97,667 $66,332 $9,108 $16,598
2013 $103,554 $67,378 $9,043 $16,173
2012 $102,176 $65,774 $8,851 $15,185
2011 $101,222 $62,460 $7,950 $13,926
2010 $88,163 $58,213 $7,944 $13,039
2009 $80,348 $55,648 $7,130 $12,393
2008 $97,504 $62,073 $6,576 $12,097
2007 $85,502 $56,179 $5,530 $11,530
2006 $74,434 $54,358 $5,003 $10,803
2005 $67,047 $47,967 $3,453 $10,014
2004 $57,769 $42,667 $2,888 $9,389
2003 $50,250 $38,680 $2,516 $8,552
2002 $43,171 $38,056 $2,202 $8,046
2001 $38,602 $37,829 $1,715 $7,865
2000 $38,178 $36,994 $1,988 $7,535
1999 $36,393 $30,574 $1,898 $7,367
1998 $34,803 $28,200 $2,429 $7,521
1997 $36,629 $28,610 $2,068 $7,422
1996 $37,322 $26,826 $1,963 $7,048
1995 $34,876 $24,360 $1,610 $7,000
1994 $29,316 $23,027 $1,434 $6,973
1993 $27,964 $21,584 $1,022 $6,650
1992 $30,524 $20,623 $969 $6,992
1991 $28,597 $19,580 $1,080 $6,852
1990 $28,243 $18,461 $942 $6,493
1989 $24,281 - $1,329 -
1988 $24,207 - $2,886 -
1987 $22,506 - $2,469 -
1986 $18,883 - $2,271 -
1985 $15,754 - $2,256 -
1984 $14,989 - $2,261 -
1983 $14,928 - $2,333 -
1982 $15,225 - $2,430 -
1981 $15,513 - $2,368 -
1980 $15,772 - $2,118 -
1979 $13,047 - $2,072 -
1978 $11,463 - $1,928 -
1977 $10,266 - $1,666 -
1976 $8,927 - $1,302 -
1975 $8,204 - $1,190 -
1974 $6,812 - $1,041 -
1973 $5,690 - $858 -
1972 $4,414 - $785 -
1971 $3,736 - $768 -
1970 $3,306 - $724 -
1969 $2,894 - $708 -
1968 $2,680 - $681 -
1967 $2,531 - $644 -
1966 $2,333 - $575 -
1965 $2,179 - $482 -
1964 $1,951 - $435 -
1963 $1,787 - $424 -
1962 $1,678 - $409 -
1961 $1,571 - $395 -
1960 $1,451 - $378 -

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

GeoRank.org/economy/norway/suriname | CC BY

Norway's GDP per capita is $86,785, ranking 8/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Norway ranks 7th at $102,038, while Suriname ranks 89th at $21,801.

Economic indicators

Norway Suriname
Gross domestic product
$484B
2024
$4.42B
2024
GDP rank
32/197
2024
164/197
2024
GDP growth
2.1%
2023-2024
1.72%
2023-2024
GDP per capita
$86,785
2024
$6,962
2024
GDP per capita rank
8/197
2024
102/197
2024
GDP per capita, PPP
$102,038
2024
$21,801
2024
GDP per capita PPP rank
7/197
2024
89/197
2024
Government debt
$207B
2024
$3.86B
2024
Debt-to-GDP ratio
42.7%
2024
87.3%
2024
Government debt per person
$37,074
2024
$6,077
2024
Government debt per person rank
17/185
2024
74/185
2024
Average annual personal income after taxes
$49,765
2026
$3,263
2026
Market capitalization of domestic companies
$296B
2019
n/a
Number of millionaires
348,000
2025
n/a
Number of billionaires
17
2025
n/a
Income share by richest 10%
21.6%
2023
30.1%
2022
Income share by poorest 10%
3.6%
2023
2.2%
2022
Government expenditure, % of GDP
48.5%
2024
29.2%
2024
Consumer prices inflation
3.15%
2023-2024
16.2%
2023-2024
Central bank interest rate
4%
2025
10%
2013
Unemployment rate
3.98%
2024
7.92%
2016
Population
5671119
646767

Spending and national debt comparison by year

Norway
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Norway Suriname
Government spending Government debt Government spending Government debt
2024 48.5% 42.7% 29.2% 87.3%
2023 45.9% 44.1% 29% 98.2%
2022 37.5% 36.1% 29.5% 116.9%
2021 46.3% 41.6% 32% 115.8%
2020 56.7% 46% 30.2% 146.4%
2019 50.2% 40.5% 40.5% 84%
2018 47.7% 39.3% 29.5% 68.6%
2017 49.2% 38.2% 28.7% 73%
2016 50.4% 37.9% 27.9% 75.4%
2015 48.2% 34.3% 29.9% 41.2%
2014 45.2% 29.6% 25.2% 25.2%
2013 43.5% 31.4% 26.2% 27.9%
2012 42.4% 30.9% 25.1% 20.1%
2011 43.3% 29.6% 21% 18.7%
2010 44.5% 43% 21% 17.3%
2009 45.6% 42.5% 24% 14.6%
2008 39.8% 47.5% 20.5% 14.8%
2007 41% 49.5% 22.6% 16.4%
2006 40.5% 52.6% 22.2% 22.5%
2005 41.8% 42.3% 22.2% 27.1%
2004 44.7% 43.8% 20.8% 29.4%
2003 47.6% 43.1% 19.2% 31.5%
2002 46.1% 33.9% 22.2% 37.4%
2001 43.2% 27.2% 21.8% 37.2%
2000 41.3% 28.7% 24.4% 48.4%
1999 46.4% 25% 19.6% 32.3%
1998 47.8% 23.6% 30.3% 21.6%
1997 45.5% 25.8% 21.1% 16.8%
1996 47% 28.4% 21.4% 11.8%
1995 49.3% 32.7% 20.2% 16.3%
1994 49.4% 50.6% 19.8% 30.5%
1993 50.2% 53.7% 21.2% 51.1%
1992 51.3% 45% 24.4% 64.4%
1991 50% 39.2% 26.6% 75.7%
1990 48.9% 28.9% 22.7% 72.9%
1989 52.2% 30.4% - -
1988 52.6% 30.5% - -
1987 50.5% 31.3% - -
1986 48.1% 37.8% - -
1985 44% 30.2% - -
1984 44.5% 27.8% - -
1983 46.4% 27.4% - -
1982 46.6% 29.7% - -
1981 46.1% 32.9% - -
1980 46.1% 36.8% - -
1979 47.2% 39.6% - -
1978 47.9% 49.9% - -
1977 46.5% 43.8% - -
1976 45.2% 38.5% - -
1975 43.5% 36.7% - -
1974 42.2% 35.4% - -
1973 42.3% 37.7% - -
1972 42.2% 38.9% - -
1971 40.7% 38.5% - -
1970 38.9% 38.6% - -
1969 38% 22.3% - -
1968 36.2% 22.5% - -
1967 34.9% 22.6% - -
1966 33.5% 22.4% - -
1965 32.9% 23% - -
1964 32% 24.2% - -
1963 31.9% 25.3% - -
1962 30.6% 26.7% - -
1961 20.4% 27.7% - -
1960 18% 29.8% - -

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/norway/suriname | CC BY

In 2024, Norway's government spending was $234B, accounting for 48.5% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 42.7% in Norway and 87.3% in Suriname, ranking 127/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Norway

Suriname
1x
Year Deficit/surplus, % of GDP
Norway Suriname
2024 13.2% -2.42%
2023 16.6% -1.68%
2022 25.5% -2.69%
2021 10.3% -5.66%
2020 -2.56% -12%
2019 6.52% -20.2%
2018 7.81% -8.56%
2017 4.96% -8.62%
2016 4.04% -10.2%
2015 5.99% -8.29%
2014 8.57% -2.65%
2013 10.6% -2.64%
2012 13.7% -0.38%
2011 13.3% 2.32%
2010 10.9% -0.15%
2009 10.2% 2.03%
2008 18.5% 2.39%
2007 17% 5.01%
2006 17.9% 0.59%
2005 14.7% -3.39%
2004 10.8% -1.2%
2003 7.2% -0.11%
2002 9.03% -3.3%
2001 13.2% 3.49%
2000 15% -7.76%
1999 5.71% -4.92%
1998 3.07% -6.39%
1997 7.35% -0.32%
1996 6.01% 3.42%
1995 2.96% 1.17%
1994 0.04% -1.89%
1993 -1.64% -4.68%
1992 -2.07% -6.45%
1991 -0.12% -9.8%
1990 1.95% -3.04%
1989 1.81% -
1988 2.65% -
1987 4.56% -
1986 5.87% -
1985 9.84% -
1984 6.97% -
1983 6.03% -
1982 3.96% -
1981 4.82% -
1980 5.38% -
1979 2.16% -
1978 0.94% -
1977 1.01% -
1976 2.2% -
1975 2.88% -
1974 4.06% -
1973 4.99% -
1972 3.93% -
1971 3.71% -
1970 2.83% -
1969 3.57% -
1968 3.38% -
1967 4.19% -
1966 3.59% -
1965 2.78% -
1964 3.08% -
1963 2.6% -
1962 4% -
1961 -0.7% -
1960 1.42% -
1959 1.89% -
1958 1.7% -
1957 1.55% -
1956 1.22% -
1955 0.82% -
1954 -0.54% -
1953 1.3% -
1952 2.15% -
1951 1.59% -
1950 -0.89% -
1949 -0.72% -
1948 -0.35% -
1947 -4.66% -
1946 -3.82% -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 -0.54% -
1938 0.03% -
1937 -0.16% -
1936 -0.7% -
1935 -1.1% -
1934 -0.59% -
1933 -1.29% -
1932 -1.14% -
1931 -1.15% -
1930 -0.46% -
1929 -0.83% -
1928 -0.81% -
1927 -0.76% -
1926 -1.59% -
1925 -1.92% -
1924 -2.96% -
1923 -3.58% -
1922 -4.28% -
1921 -5.47% -
1920 -1.15% -
1919 -2.11% -
1918 -1.17% -
1917 0.2% -
1916 -0.36% -
1915 -2.04% -
1914 -1.09% -
1913 -0.9% -
1912 -0.89% -
1911 -0.05% -
1910 0.3% -
1909 -0.52% -
1908 -0.06% -
1907 0.16% -
1906 -0.59% -
1905 -0.52% -
1904 -0.75% -
1903 -1.12% -
1902 -1.52% -
1901 -1.41% -
1900 -1.99% -
1899 -1.35% -
1898 -1.39% -
1897 -0.63% -
1896 -1.57% -
1895 -1.66% -
1894 -1.13% -
1893 -1.25% -
1892 -0.94% -
1891 -0.44% -
1890 -0.2% -
1889 -0.07% -
1888 -0.23% -
1887 -0.17% -
1886 -0.2% -
1885 -0.005% -
1884 -0.08% -
1883 -0.17% -
1882 -0.62% -
1881 -1.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/norway/suriname | CC BY

In 2024, Norway's government surplus, the difference between spending and revenue, was $64.1B, equivalent to 13.2% of GDP. This compares to Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 35 years, Norway recorded a fiscal deficit in 4 of those years, while Suriname ran a deficit in 27 years. On average, Norway posted an annual surplus equal to 8.75% of GDP, compared to deficit of 3.4% of GDP for Suriname.

Inflation comparison by year

Inflation
Norway

Suriname
1x
Year Consumer prices inflation
Norway Suriname
2024 3.15% 16.2%
2023 5.52% 51.6%
2022 5.76% 52.4%
2021 3.48% 59.1%
2020 1.29% 34.9%
2019 2.17% -
2018 2.76% -
2017 1.88% 22%
2016 3.55% 55.4%
2015 2.17% 6.89%
2014 2.04% 3.38%
2013 2.12% 1.92%
2012 0.7% 5.01%
2011 1.28% 17.7%
2010 2.42% 6.94%
2009 2.2% -0.13%
2008 3.75% 14.7%
2007 0.71% 6.43%
2006 2.33% 11.3%
2005 1.53% 9.9%
2004 0.45% 9.99%
2003 2.49% 23%
2002 1.29% 15.5%
2001 3% 38.6%
2000 3.09% 59.4%
1999 2.37% 98.8%
1998 2.25% 19%
1997 2.57% 7.15%

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

GeoRank.org/economy/norway/suriname | CC BY

Over the past 28 years, Norway has recorded an average annual inflation rate of 2.44%, compared with 24.9% in Suriname. In 2024, inflation was 3.15% in Norway and 16.2% in Suriname.

Top exports between countries

Norway
Export category Export value
Machinery & equipment $1.31M
Metals $352K
Raw materials & minerals $147K
Animal & marine products $70K
Chemicals & pharma $59K
Textiles & consumer goods $45K
Miscellaneous $24K
Wood & paper products $1K
Suriname
Export category Export value
Raw materials & minerals $554K
Machinery & equipment $137K
Metals $8K

Balance of trade

Norway Suriname
Current account balance
$71.6B
2024
$9.31M
2024
Current account balance ranking
11/190
2024
76/190
2024
Current account balance, % of GDP
+14.8%
2024
+0.21%
2024
Goods imports
$97.5B
2024
$1.65B
2024
Goods exports
$162B
2024
$2.58B
2024
Service imports
$63.6B
2024
$921M
2024
Service exports
$55.6B
2024
$211M
2024
Imports of goods and services, % of GDP
33.9%
2024
38.4%
2010
Exports of goods and services, % of GDP
47.5%
2024
52.5%
2010

Economic freedom indices

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

Norway Suriname
Economic freedom 78.8 53
Economic freedom ranking 9/197 143/197
Property rights 99.6 40.5
Government integrity 94.3 41
Judicial effectiveness 96.4 46.5
Tax burden 63.3 69.1
Government spending 42 74.3
Fiscal health 96.4 76.6
Business freedom 91.2 56.9
Labor freedom 69.3 69
Monetary freedom 72.4 56.4
Trade freedom 85.6 65.2
Investment freedom 75 20
Financial freedom 60 20

Economic freedom comparison by year

Norway
Suriname
1x
Year Economic freedom index
Norway Suriname
2026 78.8 53
2025 78.3 50.9
2024 77.5 46.7
2023 76.9 46.1
2022 76.9 48.1
2021 73.4 46.4
2020 73.4 49.5
2019 73 48.1
2018 74.3 48.1
2017 74 48
2016 70.8 53.8
2015 71.8 54.2
2014 70.9 54.2
2013 70.5 52
2012 68.8 52.6
2011 70.3 53.1
2010 69.4 52.5
2009 70.2 54.1
2008 68.6 54.3
2007 67.9 54.8
2006 67.9 55.1
2005 64.5 51.9
2004 66.2 47.9
2003 67.2 46.9
2002 67.4 48
2001 67.1 44.3
2000 70.1 45.8
1999 68.6 40.1
1998 68 39.9
1997 65.1 35.9
1996 65.4 36.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/norway/suriname | CC BY

The Economic Freedom Index for Norway is 78.8, ranking 9/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Norway Suriname
Services, % of GDP
51.8%
2024
50.8%
2024
Industry, % of GDP
37%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.08%
2024
6.77%
2024
GNI, Atlas method
$547B
2024
$3.61B
2024
GNI per capita, PPP
$106,830
2024
$20,000
2024
Total reserves including gold
$81.2B
2024
$1.63B
2024
Total reserves ranking
32/177
2024
132/177
2024
Net foreign direct investment
-$7.83B
2024
$26.5M
2024
Net inflows of foreign direct investment
$12B
2024
-$37.6M
2024
Net outflows of foreign direct investment
$4.95B
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI n/a
20.5%
2023
Poverty at national poverty lines
12.2%
2021
70%
2020
Gross capital formation, % of GDP
24.1%
2024
36.2%
2010

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/norway/suriname | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.