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Economy of Norway vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Norway has a GDP of $531B compared to $147B for Uzbekistan, ranking 32/197 and 61/197 by economy size, respectively.

Norway has $239B in government debt (45% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Norway vs Uzbekistan GDP by year

Norway
Uzbekistan
1x
Year GDP, current $
Norway Uzbekistan
2025 $530,755,719,439 $147,038,081,129
2024 $500,886,328,034 $121,356,065,241
2023 $502,197,633,323 $107,526,539,716
2022 $617,321,834,099 $94,286,355,836
2021 $521,592,200,233 $81,170,051,811
2020 $382,252,517,922 $70,127,127,133
2019 $424,244,886,364 $70,170,662,563
2018 $454,588,871,811 $61,318,332,403
2017 $415,673,181,543 $72,276,404,058
2016 $383,284,047,619 $97,871,364,319
2015 $400,669,174,331 $97,564,568,987
2014 $515,829,568,897 $91,303,765,114
2013 $540,132,255,319 $82,674,178,352
2012 $525,082,939,407 $75,318,846,931
2011 $512,868,581,628 $67,404,618,405
2010 $440,132,138,425 $55,544,226,553
2009 $395,664,488,017 $33,689,223,673
2008 $472,060,283,688 $29,549,438,884
2007 $407,813,774,161 $22,311,393,928
2006 $349,773,283,645 $17,330,833,853
2005 $311,417,306,946 $14,307,509,839
2004 $265,662,977,688 $12,030,023,548
2003 $229,192,678,173 $10,134,453,435
2002 $195,359,978,957 $9,687,788,513
2001 $173,590,978,347 $11,401,421,329
2000 $170,620,327,660 $13,760,513,969
1999 $161,304,620,987 $17,078,465,982
1998 $152,955,958,172 $14,988,971,211
1997 $160,013,571,974 $14,744,603,774
1996 $162,427,517,132 $13,948,892,216
1995 $151,083,627,983 $13,350,461,265
1994 $126,324,387,894 $12,899,074,922
1993 $119,841,699,440 $13,099,920,056
1992 $129,998,873,602 $12,953,801,760
1991 $121,149,331,318 $13,800,167,712
1990 $119,344,377,526 $13,362,340,338
1989 $102,226,808,603 $11,948,815,258
1988 $101,497,621,605 $10,722,799,639
1987 $93,913,320,965 $8,523,160,593
1986 $78,438,205,742 -
1985 $65,211,464,198 -
1984 $61,866,078,539 -
1983 $61,417,685,434 -
1982 $62,453,362,256 -
1981 $63,392,804,251 -
1980 $64,176,789,764 -
1979 $52,935,763,512 -
1978 $46,355,988,784 -
1977 $41,362,637,363 -
1976 $35,815,449,464 -
1975 $32,742,543,381 -
1974 $27,033,413,362 -
1973 $22,433,660,550 -
1972 $17,283,931,878 -
1971 $14,523,306,736 -
1970 $12,753,503,479 -
1969 $11,083,505,596 -
1968 $10,178,705,992 -
1967 $9,532,076,026 -
1966 $8,712,528,095 -
1965 $8,073,570,566 -
1964 $7,172,430,304 -
1963 $6,522,268,053 -
1962 $6,078,186,245 -
1961 $5,642,867,672 -
1960 $5,172,811,442 -

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

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

GDP per capita in Norway vs Uzbekistan by year

Norway
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Norway Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $94,594 - $3,968 -
2024 $89,889 $102,038 $3,337 $11,879
2023 $90,984 $103,638 $3,016 $11,107
2022 $113,122 $125,490 $2,699 $10,293
2021 $96,443 $88,984 $2,370 $9,248
2020 $71,058 $67,111 $2,088 $8,452
2019 $79,329 $70,940 $2,129 $8,544
2018 $85,579 $70,254 $1,894 $8,129
2017 $78,771 $64,590 $2,271 $7,818
2016 $73,222 $59,280 $3,128 $6,919
2015 $77,221 $60,738 $3,173 $6,800
2014 $100,410 $66,332 $3,021 $6,610
2013 $106,333 $67,378 $2,781 $6,413
2012 $104,628 $65,774 $2,574 $6,168
2011 $103,545 $62,460 $2,339 $5,949
2010 $90,020 $58,213 $1,957 $5,505
2009 $81,940 $55,648 $1,206 $5,135
2008 $99,002 $62,073 $1,075 $4,800
2007 $86,600 $56,179 $824 $4,386
2006 $75,048 $54,358 $649 $3,956
2005 $67,358 $47,967 $543 $3,618
2004 $57,855 $42,667 $462 $3,321
2003 $50,208 $38,680 $394 $3,047
2002 $43,048 $38,056 $381 $2,902
2001 $38,458 $37,829 $454 $2,782
2000 $37,992 $36,994 $555 $2,644
1999 $36,151 $30,574 $698 $2,522
1998 $34,516 $28,200 $621 $2,418
1997 $36,324 $28,610 $621 $2,329
1996 $37,073 $26,826 $597 $2,214
1995 $34,659 $24,360 $583 $2,178
1994 $29,130 $23,027 $574 $2,197
1993 $27,793 $21,584 $596 $2,318
1992 $30,328 $20,623 $603 $2,371
1991 $28,427 $19,580 $658 $2,676
1990 $28,137 $18,461 $653 $2,665
1989 $24,185 - $598 -
1988 $24,112 - $551 -
1987 $22,430 - $450 -
1986 $18,822 - - -
1985 $15,704 - - -
1984 $14,943 - - -
1983 $14,877 - - -
1982 $15,178 - - -
1981 $15,463 - - -
1980 $15,708 - - -
1979 $12,998 - - -
1978 $11,421 - - -
1977 $10,230 - - -
1976 $8,896 - - -
1975 $8,171 - - -
1974 $6,783 - - -
1973 $5,664 - - -
1972 $4,395 - - -
1971 $3,721 - - -
1970 $3,291 - - -
1969 $2,881 - - -
1968 $2,667 - - -
1967 $2,519 - - -
1966 $2,321 - - -
1965 $2,168 - - -
1964 $1,941 - - -
1963 $1,779 - - -
1962 $1,670 - - -
1961 $1,563 - - -
1960 $1,444 - - -

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

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

Norway's GDP per capita is $94,594, ranking 9/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Norway ranks 7th at $102,038, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Norway Uzbekistan
Gross domestic product
$531B
2025
$147B
2025
GDP rank
32/197
2025
61/197
2025
GDP growth
1.09%
2024-2025
7.7%
2024-2025
GDP per capita
$94,594
2025
$3,968
2025
GDP per capita rank
9/197
2025
134/197
2025
GDP per capita, PPP
$102,038
2024
$11,879
2024
GDP per capita PPP rank
7/197
2024
125/197
2024
Government debt
$239B
2025
$42B
2025
Debt-to-GDP ratio
45%
2025
28.6%
2025
Government debt per person
$42,567
2025
$1,134
2025
Government debt per person rank
15/185
2025
139/185
2025
Average annual personal income after taxes
$50,036
2026
$3,560
2026
Market capitalization of domestic companies
$296B
2019
$23.7B
2025
Number of millionaires
348,000
2025
n/a
Number of billionaires
17
2026
n/a
Income share by richest 10%
21.6%
2023
24.2%
2025
Income share by poorest 10%
3.6%
2023
2.4%
2025
Government expenditure, % of GDP
49.6%
2025
27.4%
2025
Consumer prices inflation
3.06%
2024-2025
8.8%
2024-2025
Central bank interest rate
4.25%
2026
14%
2025
Unemployment rate
4.5%
2025
5.29%
2020
Population
5660666
38082870

Spending and national debt comparison by year

Norway
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Norway Uzbekistan
Government spending Government debt Government spending Government debt
2025 49.6% 45% 27.4% 28.6%
2024 46.9% 52.8% 26.1% 30.9%
2023 44.2% 42.4% 28.6% 30.7%
2022 36.2% 34.8% 30% 29.2%
2021 44.7% 40.1% 26.1% 30.2%
2020 54.5% 44.3% 24.7% 31.9%
2019 48.4% 39% 23.4% 24.3%
2018 46.1% 38.1% 21.2% 16.7%
2017 47.6% 36.9% 19.9% 17.3%
2016 48.8% 36.7% 20.5% 7.21%
2015 46.7% 33.2% 21.7% 5.94%
2014 44% 28.8% 22% 5.39%
2013 42.3% 30.6% 22.3% 5.51%
2012 41.4% 30.2% 21.5% 6.06%
2011 42.3% 28.9% 21.1% 5.65%
2010 43.6% 42.1% 23.7% 5.92%
2009 44.7% 41.7% 24.7% 6.57%
2008 39.2% 46.8% 23.8% 7.5%
2007 40.5% 48.9% 22.4% 8.6%
2006 40.1% 52.2% 22.3% 12.2%
2005 41.6% 42.1% 25.3% 18.9%
2004 44.7% 43.8% 26.5% 24.2%
2003 47.7% 43.1% 28.4% 28.3%
2002 46.3% 34% 31.2% 37.5%
2001 43.4% 27.3% 27.6% 40.4%
2000 41.5% 28.8% 29.6% 26.5%
1999 46.7% 25.1% 30.3% 16.6%
1998 48.2% 23.8% 31.6% 16.2%
1997 45.9% 26% 28.7% 13.8%
1996 47.4% 28.6% 31.6% -
1995 49.6% 32.9% 26.5% -
1994 49.7% 51% 24.4% -
1993 50.5% 54% 35.6% -
1992 51.6% 45.3% 16.2% -
1991 50.3% 39.5% - -
1990 49.1% 29.1% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Norway's government spending was $263B, accounting for 49.6% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 45% in Norway and 28.6% in Uzbekistan, ranking 117/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Norway

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Norway Uzbekistan
2025 9.34% -1.66%
2024 12.8% -2.25%
2023 15.9% -3.85%
2022 24.7% -3.49%
2021 9.93% -3.9%
2020 -2.46% -2.8%
2019 6.28% -0.29%
2018 7.56% 1.57%
2017 4.79% 1.04%
2016 3.91% 0.62%
2015 5.8% -0.24%
2014 8.34% 1.68%
2013 10.3% 1.9%
2012 13.4% 5.28%
2011 13% 4.56%
2010 10.6% 2.29%
2009 10% 1.64%
2008 18.3% 5.38%
2007 16.8% 3.2%
2006 17.7% 2.45%
2005 14.7% -3.17%
2004 10.8% -3.37%
2003 7.21% -4.39%
2002 9.05% -5.69%
2001 13.2% -2.95%
2000 15.1% -3.29%
1999 5.75% -2.62%
1998 3.09% -2.74%
1997 7.41% -1.85%
1996 6.05% -1.41%
1995 2.98% -1.59%
1994 0.04% -4.03%
1993 -1.65% -10.8%
1992 -2.08% 6.44%
1991 -0.12% -
1990 1.96% -
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Norway's government surplus, the difference between spending and revenue, was $49.6B, equivalent to 9.34% of GDP. This compares to Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, Norway recorded a fiscal deficit in 3 of those years, while Uzbekistan ran a deficit in 21 years. On average, Norway posted an annual surplus equal to 9.08% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Norway

Uzbekistan
1x
Year Consumer prices inflation
Norway Uzbekistan
2025 3.06% 8.8%
2024 3.15% 9.6%
2023 5.52% 10%
2022 5.76% 11.4%
2021 3.48% 10.8%
2020 1.29% 12.9%
2019 2.17% 14.5%
2018 2.76% 17.5%
2017 1.88% 13.9%
2016 3.55% 8.8%
2015 2.17% 8.5%
2014 2.04% 9.1%
2013 2.12% 11.7%
2012 0.7% 11.9%
2011 1.28% 12.4%
2010 2.42% 12.3%
2009 2.2% 12.3%
2008 3.75% 13.1%
2007 0.71% 11.2%
2006 2.33% 13.1%
2005 1.53% 10.7%
2004 0.45% 7.3%
2003 2.49% 12.5%
2002 1.29% 27.3%
2001 3% 27.3%
2000 3.09% 25%
1999 2.37% 29.1%
1998 2.25% 29%
1997 2.57% 70.9%

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/norway/uzbekistan | CC BY

Over the past 29 years, Norway has recorded an average annual inflation rate of 2.46%, compared with 16.3% in Uzbekistan. In 2025, inflation was 3.06% in Norway and 8.8% in Uzbekistan.

Top exports between countries

Norway
Export category Export value
Animal & marine products $7.65M
Wood & paper products $1.05M
Machinery & equipment $963K
Raw materials & minerals $956K
Miscellaneous $655K
Metals $415K
Processed food, beverages & tobacco $19K
Textiles & consumer goods $12K
Chemicals & pharma $7K
Uzbekistan
Export category Export value
Metals $2.37M
Raw agricultural goods $78K
Processed food, beverages & tobacco $4K
Textiles & consumer goods $2K
Machinery & equipment $1K
Raw materials & minerals $1K

Balance of trade

Norway Uzbekistan
Current account balance
$74.1B
2025
-$5.78B
2025
Current account balance ranking
10/190
2025
167/190
2025
Current account balance, % of GDP
+14%
2025
-3.93%
2025
Goods imports
$105B
2025
$38.5B
2025
Goods exports
$177B
2025
$23B
2025
Service imports
$73.9B
2025
$13.6B
2025
Service exports
$63.5B
2025
$9.27B
2025
Imports of goods and services, % of GDP
33.7%
2025
35.4%
2025
Exports of goods and services, % of GDP
45.4%
2025
22%
2025

Economic freedom indices

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

Norway Uzbekistan
Economic freedom 78.8 60.3
Economic freedom ranking 9/197 94/197
Property rights 99.6 43.1
Government integrity 94.3 32
Judicial effectiveness 96.4 13.7
Tax burden 63.3 95
Government spending 42 73.7
Fiscal health 96.4 79.9
Business freedom 91.2 62.5
Labor freedom 69.3 48.4
Monetary freedom 72.4 65.1
Trade freedom 85.6 80.6
Investment freedom 75 70
Financial freedom 60 60

Economic freedom comparison by year

Norway
Uzbekistan
1x
Year Economic freedom index
Norway Uzbekistan
2026 78.8 60.3
2025 78.3 58
2024 77.5 55.9
2023 76.9 56.5
2022 76.9 55.7
2021 73.4 58.3
2020 73.4 57.2
2019 73 53.3
2018 74.3 51.5
2017 74 52.3
2016 70.8 46
2015 71.8 47
2014 70.9 46.5
2013 70.5 46
2012 68.8 45.8
2011 70.3 45.8
2010 69.4 47.5
2009 70.2 50.5
2008 68.6 51.9
2007 67.9 51.5
2006 67.9 48.7
2005 64.5 45.8
2004 66.2 39.1
2003 67.2 38.3
2002 67.4 38.5
2001 67.1 38.2
2000 70.1 38.1
1999 68.6 33.8
1998 68 31.5
1997 65.1 -
1996 65.4 -

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

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

The Economic Freedom Index for Norway is 78.8, ranking 9/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Norway Uzbekistan
Services, % of GDP
55%
2025
46.5%
2025
Industry, % of GDP
34.5%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.64%
2025
16.6%
2025
GNI, Atlas method
$546B
2025
$136B
2025
GNI per capita, PPP
$107,770
2025
$13,640
2025
Total reserves including gold
$85.5B
2025
$41.2B
2024
Total reserves ranking
34/177
2025
53/177
2024
Net foreign direct investment
$8.93B
2025
-$4.24B
2025
Net inflows of foreign direct investment
$12.1B
2024
$2.97B
2024
Net outflows of foreign direct investment
$5.62B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.37%
2024
Poverty at national poverty lines
12.2%
2021
5.8%
2025
Gross capital formation, % of GDP
23.2%
2025
33.3%
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/norway/uzbekistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1881–1989, 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 (2022–2025, 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.

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.