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Economy of Switzerland vs Togo compared: GDP & Debt

Updated on by Georank

Switzerland has a GDP of $1.04T compared to $11.9B for Togo, ranking 20/197 and 152/197 by economy size, respectively.

Switzerland has $411B in government debt (39.4% of GDP), compared to $7.49B (63% of GDP) in Togo.

Switzerland vs Togo GDP by year

Switzerland
Togo
1x
Year GDP, current $
Switzerland Togo
2025 $1,043,529,899,251 $11,889,949,067
2024 $969,919,786,395 $10,643,440,332
2023 $928,435,275,852 $9,723,300,577
2022 $858,479,038,994 $8,646,453,099
2021 $840,710,023,481 $8,541,668,141
2020 $756,096,180,222 $7,486,031,562
2019 $736,384,764,157 $6,992,942,459
2018 $740,766,531,454 $7,029,215,766
2017 $706,660,443,624 $6,387,424,240
2016 $698,607,778,795 $6,071,167,584
2015 $706,199,008,879 $5,755,457,836
2014 $741,168,119,617 $6,393,314,708
2013 $718,748,402,260 $6,021,729,630
2012 $697,882,536,677 $5,413,541,649
2011 $727,231,637,102 $5,422,439,152
2010 $609,999,593,542 $4,746,386,893
2009 $563,659,557,945 $4,721,888,275
2008 $574,703,945,157 $4,578,847,113
2007 $498,993,845,385 $3,759,962,853
2006 $448,364,681,767 $3,320,907,722
2005 $424,511,048,024 $3,221,910,408
2004 $409,012,909,530 $3,191,561,509
2003 $366,563,952,625 $2,987,984,051
2002 $313,930,961,761 $2,410,199,032
2001 $290,160,142,214 $2,093,498,674
2000 $282,327,351,966 $2,106,848,752
1999 $301,911,268,140 $2,226,577,204
1998 $306,907,741,068 $2,241,650,112
1997 $298,868,250,534 $2,116,818,623
1996 $345,373,647,249 $2,069,506,014
1995 $358,152,520,085 $1,849,110,468
1994 $305,916,331,798 $1,387,662,121
1993 $276,339,744,180 $1,741,944,426
1992 $284,139,428,246 $2,390,796,916
1991 $272,953,645,746 $2,262,767,860
1990 $269,768,238,555 $2,299,665,506
1989 $211,241,694,480 $1,910,635,575
1988 $218,788,504,066 $1,947,208,354
1987 $202,238,567,597 $1,763,978,066
1986 $161,487,171,049 $1,498,219,579
1985 $112,652,623,418 $1,076,604,520
1984 $111,104,641,869 $1,014,170,069
1983 $116,361,728,836 $1,081,387,265
1982 $116,776,899,473 $1,160,337,039
1981 $113,936,168,924 $1,359,026,709
1980 $124,404,609,417 $1,604,836,916
1979 $116,702,524,208 $1,259,365,712
1978 $103,821,687,919 $1,164,025,637
1977 $74,237,819,014 $1,097,893,826
1976 $69,508,364,538 $874,681,612
1975 $66,452,559,176 $871,781,687
1974 $57,963,469,607 $791,450,308
1973 $50,296,651,921 $574,030,984
1972 $37,399,508,287 $474,043,922
1971 $30,492,832,676 $404,648,368
1970 $25,374,750,743 $358,665,754
1969 $22,780,211,812 $378,091,810
1968 $21,024,203,656 $341,691,567
1967 $19,689,329,510 $327,215,844
1966 $18,290,928,227 $305,227,595
1965 $17,033,079,428 $264,505,506
1964 $16,071,715,835 $234,572,186
1963 $14,499,109,270 $202,305,865
1962 $13,185,384,691 $186,745,758
1961 $11,889,851,950 $178,497,098
1960 $10,569,129,806 $171,057,069

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

GeoRank.org/economy/switzerland/togo | CC BY

GDP per capita in Switzerland vs Togo by year

Switzerland
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Switzerland Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $114,769 - $1,384 -
2024 $107,702 $96,498 $1,266 $3,365
2023 $104,450 $95,142 $1,182 $3,154
2022 $97,809 $94,421 $1,072 $2,935
2021 $96,583 $81,001 $1,076 $2,639
2020 $87,530 $72,998 $961 $2,384
2019 $85,873 $73,732 $918 $2,215
2018 $87,002 $70,689 $942 $2,067
2017 $83,610 $68,194 $872 $1,986
2016 $83,432 $67,351 $843 $1,933
2015 $85,265 $65,265 $814 $1,880
2014 $90,512 $63,417 $922 $1,803
2013 $88,851 $61,656 $886 $1,715
2012 $87,270 $59,441 $814 $1,645
2011 $91,910 $57,494 $834 $1,616
2010 $77,956 $54,426 $750 $1,537
2009 $72,788 $52,999 $770 $1,474
2008 $75,148 $53,809 $771 $1,429
2007 $66,082 $50,928 $654 $1,387
2006 $59,910 $46,266 $596 $1,407
2005 $57,080 $41,525 $595 $1,368
2004 $55,350 $40,171 $604 $1,427
2003 $49,947 $38,732 $580 $1,440
2002 $43,094 $38,705 $479 $1,357
2001 $40,134 $37,819 $427 $1,320
2000 $39,298 $36,703 $440 $1,315
1999 $42,261 $34,743 $477 $1,332
1998 $43,166 $33,860 $492 $1,318
1997 $42,160 $32,736 $477 $1,373
1996 $48,838 $31,509 $482 $1,218
1995 $50,869 $30,842 $450 $1,140
1994 $43,741 $30,265 $355 $1,082
1993 $39,828 $29,495 $448 $925
1992 $41,327 $29,113 $608 $1,057
1991 $40,140 $28,792 $592 $1,107
1990 $40,171 $28,461 $619 $1,110
1989 $31,780 - $530 -
1988 $33,183 - $556 -
1987 $30,899 - $519 -
1986 $24,828 - $455 -
1985 $17,411 - $337 -
1984 $17,247 - $327 -
1983 $18,128 - $357 -
1982 $18,271 - $392 -
1981 $17,931 - $472 -
1980 $19,686 - $575 -
1979 $18,541 - $464 -
1978 $16,528 - $440 -
1977 $11,819 - $425 -
1976 $11,029 - $347 -
1975 $10,484 - $354 -
1974 $9,140 - $329 -
1973 $7,974 - $244.8 -
1972 $5,973 - $207.6 -
1971 $4,908 - $182.3 -
1970 $4,105 - $166.9 -
1969 $3,712 - $185 -
1968 $3,465 - $174.9 -
1967 $3,286 - $171.1 -
1966 $3,091 - $162.9 -
1965 $2,908 - $144.1 -
1964 $2,776 - $130.4 -
1963 $2,546 - $114.6 -
1962 $2,366 - $107.8 -
1961 $2,188 - $104.8 -
1960 $1,984 - $102.2 -

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

GeoRank.org/economy/switzerland/togo | CC BY

Switzerland's GDP per capita is $114,769, ranking 5/197, compared to $1,384 in Togo, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Switzerland ranks 8th at $96,498, while Togo ranks 173rd at $3,365.

Economic indicators

Switzerland Togo
Gross domestic product
$1.04T
2025
$11.9B
2025
GDP rank
20/197
2025
152/197
2025
GDP growth
1.3%
2024-2025
6.31%
2024-2025
GDP per capita
$114,769
2025
$1,384
2025
GDP per capita rank
5/197
2025
167/197
2025
GDP per capita, PPP
$96,498
2024
$3,365
2024
GDP per capita PPP rank
8/197
2024
173/197
2024
Government debt
$411B
2025
$7.49B
2025
Debt-to-GDP ratio
39.4%
2025
63%
2025
Government debt per person
$45,239
2025
$872
2025
Government debt per person rank
12/185
2025
148/185
2025
Average annual personal income after taxes
$89,347
2026
$1,719
2026
Market capitalization of domestic companies
$2.51T
2025
n/a
Number of millionaires
944,000
2026
n/a
Number of billionaires
45
2026
n/a
Income share by richest 10%
26.6%
2022
29.6%
2021
Income share by poorest 10%
2.9%
2022
2.8%
2021
Government expenditure, % of GDP
31.2%
2025
19.8%
2025
Consumer prices inflation
0.15%
2024-2025
0.43%
2024-2025
Central bank interest rate
0%
2025
n/a
Unemployment rate
4.84%
2025
1.97%
2022
Population
9155878
8873660

Spending and national debt comparison by year

Switzerland
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Switzerland Togo
Government spending Government debt Government spending Government debt
2025 31.2% 39.4% 19.8% 63%
2024 31.3% 40.5% 24.3% 66.2%
2023 30.9% 37.3% 24.8% 64.1%
2022 30.5% 35.9% 24.4% 63%
2021 33.4% 39.7% 21.3% 63.3%
2020 36.3% 42.4% 23.4% 61.4%
2019 31.3% 38.8% 16.6% 54.9%
2018 31.1% 39% 18.8% 58%
2017 31.9% 41.1% 16.3% 57.1%
2016 31.9% 40.3% 22.9% 59.9%
2015 31.9% 41.4% 22.9% 52.4%
2014 31.5% 41.2% 21.9% 44.9%
2013 32% 41.2% 20.5% 41.1%
2012 31.1% 41.9% 19.1% 34.3%
2011 31% 41.2% 18.2% 37%
2010 30.9% 40.7% 15.1% 33.5%
2009 31.2% 42.4% 14.3% 57.6%
2008 29.6% 44.2% 12.4% 67.3%
2007 29% 44% 13.7% 70.5%
2006 30.1% 47.7% 14.7% 67.7%
2005 31.9% 54.1% 13.3% 63.1%
2004 32.6% 57.1% 10.6% 48.7%
2003 32.8% 56.2% 8.88% 50%
2002 33.6% 56.9% 8.42% 54.8%
2001 31.2% 50.5% 10.9% 68.5%
2000 31.9% 51.7% 11.9% 66.5%
1999 32.8% 52% 11.9% 59.9%
1998 32.3% 55.3% 12.8% 62.8%
1997 32.5% 52.9% 10.6% 54.4%
1996 32.5% 50.6% 12.4% 60.4%
1995 32% 49.3% 12.7% 64.8%
1994 32% 46.4% 13.2% 79%
1993 31.9% 43.7% 14.8% 58.3%
1992 30.8% 38.9% 12.6% 45%
1991 29% 34.6% 14.6% 46.9%
1990 27.2% 32.8% 16.8% 44.7%
1989 30% 32.5% 16.9% 46.3%
1988 30.3% 35% - -
1987 29.8% 36.5% - -
1986 29.8% 37.6% - -
1985 30.1% 39.1% - -
1984 30.4% 39.8% - -
1983 31.2% 40.2% - -
1982 30.5% 40% - -
1981 29.4% 40.8% - -
1980 29.9% 43.9% - -
1979 30.5% 44.6% - -
1978 30.4% 46.6% - -
1977 31% 46.9% - -
1976 31.6% 46.7% - -
1975 29.3% 42.3% - -
1974 27.5% 38.4% - -
1973 26.5% 37% - -
1972 25.7% 38% - -
1971 25.4% 38.7% - -
1970 25.8% 38.9% - -
1969 9.45% 7.08% - -
1968 8.87% 6.99% - -
1967 8.68% 7.26% - -
1966 8.95% 7.62% - -
1965 8.33% 8.28% - -
1964 8.85% 9.43% - -
1963 8.2% 10.8% - -
1962 8.1% 12% - -
1961 7.97% 14% - -
1960 7.11% 16.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2004, retrieved 2026-07-08).

GeoRank.org/economy/switzerland/togo | CC BY

In 2025, Switzerland's government spending was $326B, accounting for 31.2% of its GDP, while Togo spent $2.36B, or 19.8% of GDP.

Debt-to-GDP ratio is 39.4% in Switzerland and 63% in Togo, ranking 136/185 and 69/185, respectively.

Government deficit by year

Deficit/surplus
Switzerland

Togo
1x
Year Deficit/surplus, % of GDP
Switzerland Togo
2025 0.45% -3.23%
2024 0.53% -6.82%
2023 0.12% -6.28%
2022 1.15% -7.83%
2021 -0.28% -4.54%
2020 -2.96% -6.96%
2019 1.31% 1.67%
2018 1.26% -0.59%
2017 1.11% -0.21%
2016 0.23% -7.02%
2015 0.54% -7.04%
2014 -0.24% -7.11%
2013 -0.42% -5.08%
2012 0.23% -4.63%
2011 0.67% -4.48%
2010 0.35% -1.66%
2009 0.49% -2.63%
2008 1.91% -0.59%
2007 1.55% -1.83%
2006 0.83% -1.94%
2005 -0.64% -1.67%
2004 -1.37% 0.61%
2003 -1.34% 1.43%
2002 -1.72% -0.28%
2001 0.2% -0.72%
2000 0.28% -3.45%
1999 -1.55% -1.76%
1998 -1.29% -3.25%
1997 -2.3% -0.98%
1996 -1.98% -3.26%
1995 -1.83% -2.97%
1994 -2.55% -5.37%
1993 -3.1% -8.46%
1992 -2.92% -2.27%
1991 -1.82% -3.52%
1990 -0.05% -1.65%
1989 0.2% -2.18%
1988 0.42% -
1987 0.78% -
1986 0.93% -
1985 -0.25% -
1984 -0.52% -
1983 -1.23% -
1982 -1.21% -
1981 -0.54% -
1980 -1.34% -
1979 -1.79% -
1978 -1.12% -
1977 -1.64% -
1976 -1.89% -
1975 -0.93% -
1974 -1.01% -
1973 -0.93% -
1972 -1.39% -
1971 -1.41% -
1970 -1.44% -
1969 -0.98% -
1968 -0.73% -
1967 -1.07% -
1966 -0.87% -
1965 0.05% -
1964 0.77% -
1963 0.25% -
1962 0.95% -
1961 0.34% -
1960 1.95% -
1959 0.72% -
1958 0.59% -
1957 0.66% -
1956 2.24% -
1955 1.1% -
1954 1.44% -
1953 0.38% -
1952 -1.17% -
1951 -0.36% -
1950 1.49% -
1949 0.04% -
1948 1.37% -
1947 1.27% -
1946 0.52% -
1945 -7.57% -
1944 -9.37% -
1943 -8.55% -
1942 -7.28% -
1941 -8.78% -
1940 -10% -
1939 -5.05% -
1938 -1.53% -
1937 -0.17% -
1936 -0.33% -
1935 -0.23% -
1934 -0.33% -
1933 -0.88% -
1932 -0.3% -
1931 0.03% -
1930 0.07% -
1929 0.22% -
1928 - -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -0.12% -
1912 0.03% -
1911 -0.006% -
1910 -0.14% -
1909 -0.78% -
1908 -0.1% -
1907 -0.02% -
1906 0.15% -
1905 0.41% -
1904 0.002% -
1903 0.09% -
1902 0.02% -
1901 -0.14% -
1900 -0.07% -
1899 0.1% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1899–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/switzerland/togo | CC BY

In 2025, Switzerland's government surplus, the difference between spending and revenue, was $4.71B, equivalent to 0.45% of GDP. This compares to Togo's deficit of $384M, or 3.23% of GDP.

Over the past 37 years, Switzerland recorded a fiscal deficit in 18 of those years, while Togo ran a deficit in 34 years. On average, Switzerland posted an annual deficit equal to 0.4% of GDP, compared to deficit of 3.2% of GDP for Togo.

Inflation comparison by year

Inflation
Switzerland

Togo
1x
Year Consumer prices inflation
Switzerland Togo
2025 0.15% 0.43%
2024 1.06% 2.86%
2023 2.14% 5.49%
2022 2.84% 7.97%
2021 0.58% 4.19%
2020 -0.73% 1.7%
2019 0.36% 0.67%
2018 0.94% 0.93%
2017 0.53% -0.98%
2016 -0.43% 1.29%
2015 -1.14% 2.59%
2014 -0.01% 0.19%
2013 -0.22% 1.83%
2012 -0.69% 2.58%
2011 0.23% 3.56%
2010 0.69% 1.45%
2009 -0.48% 3.71%
2008 2.43% 8.69%
2007 0.73% 0.95%
2006 1.06% 2.23%
2005 1.17% 6.78%
2004 0.8% 0.39%
2003 0.64% -0.93%
2002 0.64% 3.06%
2001 0.99% 3.92%
2000 1.56% 1.86%
1999 0.81% -0.05%
1998 0.02% 0.98%
1997 0.52% 8.25%

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

GeoRank.org/economy/switzerland/togo | CC BY

Over the past 29 years, Switzerland has recorded an average annual inflation rate of 0.59%, compared with 2.64% in Togo. In 2025, inflation was 0.15% in Switzerland and 0.43% in Togo.

Top exports between countries

Switzerland
Export category Export value
Machinery & equipment $11.3M
Chemicals & pharma $2.09M
Wood & paper products $312K
Textiles & consumer goods $296K
Raw materials & minerals $190K
Metals $53K
Precious metals & jewellery $38K
Processed food, beverages & tobacco $38K
Miscellaneous $7K
Raw agricultural goods $2K
Togo
Export category Export value
Raw materials & minerals $1.06M
Processed food, beverages & tobacco $371K
Raw agricultural goods $226K
Machinery & equipment $176K
Textiles & consumer goods $110K
Chemicals & pharma $81K
Precious metals & jewellery $5K

Balance of trade

Switzerland Togo
Current account balance
$72.9B
2025
-$20.7M
2020
Current account balance ranking
11/190
2025
72/190
2020
Current account balance, % of GDP
+6.98%
2025
-0.28%
2020
Goods imports
$508B
2025
$1.95B
2020
Goods exports
$617B
2025
$1.21B
2020
Service imports
$214B
2025
$438M
2020
Service exports
$195B
2025
$514M
2020
Imports of goods and services, % of GDP
69.1%
2025
38.1%
2024
Exports of goods and services, % of GDP
78.1%
2025
24.4%
2024

Economic freedom indices

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

Switzerland Togo
Economic freedom 83.7 51.6
Economic freedom ranking 2/197 153/197
Property rights 94.4 43.6
Government integrity 93.3 33.3
Judicial effectiveness 98.3 34
Tax burden 70.9 68.9
Government spending 69.5 79.2
Fiscal health 97.2 9.6
Business freedom 86.3 60.1
Labor freedom 60 51.9
Monetary freedom 82.3 72.5
Trade freedom 87 65.8
Investment freedom 85 60
Financial freedom 80 40

Economic freedom comparison by year

Switzerland
Togo
1x
Year Economic freedom index
Switzerland Togo
2026 83.7 51.6
2025 83.7 52.3
2024 83 50.9
2023 83.8 55.3
2022 84.2 57.2
2021 81.9 57.5
2020 82 54.1
2019 81.9 50.3
2018 81.7 47.8
2017 81.5 53.2
2016 81 53.6
2015 80.5 53
2014 81.6 49.9
2013 81 48.8
2012 81.1 48.3
2011 81.9 49.1
2010 81.1 47.1
2009 79.4 48.7
2008 79.5 48.9
2007 78 49.7
2006 78.9 47.3
2005 79.3 48.2
2004 79.5 47
2003 79 46.8
2002 79.3 45.2
2001 76 45.3
2000 76.8 46.4
1999 79.1 48.2
1998 79 -
1997 78.6 -
1996 76.8 -

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

GeoRank.org/economy/switzerland/togo | CC BY

The Economic Freedom Index for Switzerland is 83.7, ranking 2/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Switzerland Togo
Services, % of GDP
71.7%
2025
61.7%
2025
Industry, % of GDP
25%
2025
21%
2025
Agriculture, forestry, and fishing, % of GDP
0.64%
2025
20.3%
2025
GNI, Atlas method
$1T
2025
$11.6B
2025
GNI per capita, PPP
$101,690
2025
$4,090
2025
Total reserves including gold
$1.08T
2025
n/a
Total reserves ranking
4/177
2025
n/a
Net foreign direct investment
$37.6B
2025
-$53.1M
2020
Net inflows of foreign direct investment
-$108B
2024
$83.8M
2024
Net outflows of foreign direct investment
-$27.9B
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.22%
2024
Poverty at national poverty lines
15.8%
2021
43.8%
2021
Gross capital formation, % of GDP
29.5%
2025
20.8%
2024

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/switzerland/togo | 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 (1899–2004, 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 (2023–2025, 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.