Turkmenistan has a GDP of $64.2B compared to $537B for the United Arab Emirates, ranking 88/197 and 29/197 by economy size, respectively.
Turkmenistan has $2.97B in government debt (4.5% of GDP), compared to $172B (32.8% of GDP) in the United Arab Emirates.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
Turkmenistan
|
UAE
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1970 | - | - | $685,986,701 | $14,070,592,924 |
| 1971 | - | - | $939,893,600 | $19,222,171,572 |
| 1972 | - | - | $1,415,086,929 | $26,734,126,559 |
| 1973 | - | - | $4,231,243,616 | $47,217,855,776 |
| 1974 | - | - | $11,651,505,689 | $54,063,519,993 |
| 1975 | - | - | $14,720,728,249 | $57,430,272,387 |
| 1976 | - | - | $19,213,158,779 | $66,921,691,096 |
| 1977 | - | - | $24,871,775,165 | $81,269,253,405 |
| 1978 | - | - | $23,775,764,225 | $79,977,394,655 |
| 1979 | - | - | $31,225,659,621 | $96,711,523,271 |
| 1980 | - | - | $43,599,160,050 | $119,801,181,765 |
| 1981 | - | - | $49,333,424,135 | $125,382,930,480 |
| 1982 | - | - | $46,622,718,605 | $116,958,054,939 |
| 1983 | - | - | $42,803,323,345 | $111,407,435,357 |
| 1984 | - | - | $41,807,954,236 | $115,882,617,757 |
| 1985 | - | - | $40,603,650,232 | $111,717,244,274 |
| 1986 | - | - | $33,943,612,095 | $95,006,426,309 |
| 1987 | $2,331,358,820 | $9,134,688,479 | $36,384,908,744 | $98,219,526,270 |
| 1988 | $3,010,982,414 | $10,141,662,024 | $36,275,674,203 | $95,647,247,530 |
| 1989 | $3,006,988,217 | $9,710,101,902 | $41,464,995,914 | $107,448,100,944 |
| 1990 | $3,189,539,641 | $13,145,978,552 | $50,701,443,748 | $127,141,173,341 |
| 1991 | $3,208,098,919 | $12,540,571,637 | $51,552,165,622 | $128,234,691,621 |
| 1992 | $3,200,539,816 | $10,663,751,367 | $54,239,171,888 | $132,524,071,346 |
| 1993 | $3,179,225,949 | $10,823,707,656 | $55,625,170,253 | $134,195,452,934 |
| 1994 | $2,561,118,608 | $8,951,221,334 | $59,305,093,980 | $143,449,770,720 |
| 1995 | $2,482,228,440 | $8,306,729,733 | $65,743,666,576 | $153,043,528,513 |
| 1996 | $2,378,759,975 | $8,863,279,974 | $73,571,233,996 | $161,917,610,698 |
| 1997 | $2,450,350,625 | $7,852,866,037 | $78,839,008,445 | $175,179,308,497 |
| 1998 | $2,605,689,134 | $8,410,419,553 | $75,674,336,283 | $175,690,822,167 |
| 1999 | $2,450,564,100 | $9,798,138,737 | $84,445,473,111 | $180,789,745,171 |
| 2000 | $2,904,663,311 | $10,334,005,228 | $104,337,372,362 | $200,410,321,466 |
| 2001 | $3,534,772,732 | $10,782,898,471 | $103,311,640,572 | $203,214,232,287 |
| 2002 | $4,462,029,109 | $10,810,629,921 | $109,816,201,498 | $208,159,362,863 |
| 2003 | $5,977,440,583 | $11,164,010,880 | $124,346,358,067 | $226,478,512,549 |
| 2004 | $6,838,351,088 | $11,722,256,910 | $147,824,370,320 | $248,144,435,950 |
| 2005 | $8,103,901,996 | $13,250,139,963 | $180,617,467,965 | $260,192,198,684 |
| 2006 | $10,276,674,365 | $14,704,118,675 | $222,116,541,865 | $285,788,137,283 |
| 2007 | $12,664,165,103 | $16,330,291,194 | $257,916,133,424 | $294,888,746,643 |
| 2008 | $19,271,523,179 | $18,730,843,999 | $315,474,615,739 | $304,301,112,625 |
| 2009 | $20,214,385,965 | $19,873,425,505 | $253,547,358,747 | $288,346,842,937 |
| 2010 | $22,583,157,895 | $21,701,780,649 | $300,189,052,689 | $292,968,610,444 |
| 2011 | $29,233,333,333 | $24,891,942,389 | $360,832,739,551 | $311,179,896,154 |
| 2012 | $35,164,210,526 | $27,654,947,984 | $384,610,125,391 | $316,857,313,566 |
| 2013 | $39,197,543,860 | $30,475,752,707 | $400,218,529,748 | $332,876,224,084 |
| 2014 | $43,524,210,526 | $33,614,755,226 | $414,105,366,753 | $346,742,821,790 |
| 2015 | $35,799,714,286 | $35,799,714,286 | $370,275,469,571 | $370,275,469,571 |
| 2016 | $36,169,428,571 | $38,019,296,559 | $369,255,326,236 | $390,868,305,597 |
| 2017 | $37,926,285,714 | $40,490,550,854 | $390,516,804,030 | $393,741,456,224 |
| 2018 | $40,765,428,571 | $43,000,964,983 | $427,049,432,158 | $398,914,879,875 |
| 2019 | $45,232,857,143 | $45,710,025,795 | $417,989,721,743 | $403,336,245,504 |
| 2020 | $45,818,000,000 | $48,406,917,339 | $349,473,015,330 | $383,342,656,333 |
| 2021 | $50,007,428,571 | $51,408,146,222 | $415,178,792,757 | $400,036,290,964 |
| 2022 | $58,972,000,000 | $54,595,451,255 | $502,731,935,194 | $430,077,804,445 |
| 2023 | $60,628,857,143 | $58,035,050,719 | $514,130,432,648 | $445,641,058,044 |
| 2024 | $64,239,891,739 | $59,349,032,300 | $537,078,829,135 | $462,404,360,915 |
Economic indicators
|
Turkmenistan
|
UAE
|
|
|---|---|---|
| Gross domestic product |
$64.2B
2024 |
$537B
2024 |
| GDP rank |
88/197
2024 |
29/197
2024 |
| GDP growth |
5.96%
2023-2024 |
4.46%
2023-2024 |
| GDP per capita |
$8,572
2024 |
$49,378
2024 |
| GDP per capita rank |
91/197
2024 |
24/197
2024 |
| GDP per capita, PPP |
$20,408
2024 |
$77,959
2024 |
| Government debt |
$2.97B
2024 |
$172B
2024 |
| Debt-to-GDP ratio |
4.5%
2025 |
32.8%
2025 |
| Government debt per person |
$396
2024 |
$15,857
2024 |
| Government debt per person rank |
172/185
2024 |
39/185
2024 |
| Average annual personal income after taxes |
$8,974
2025 |
$40,921
2025 |
| Market capitalization of domestic companies | n/a |
$1.05T
2024 |
| Number of millionaires | n/a |
202,201
2024 |
| Number of billionaires | n/a |
6
2025 |
| Income share by richest 10% |
31.5%
1998 |
20.5%
2018 |
| Income share by poorest 10% |
2.4%
1998 |
2.8%
2018 |
| Government expenditure, % of GDP |
11.1%
2025 |
24%
2025 |
| Consumer prices inflation |
3.9%
2024-2025 |
1.6%
2024-2025 |
| Central bank interest rate | n/a |
4.15%
2025 |
| Unemployment rate |
4%
2010 |
1.88%
2024 |
| Population |
7713465
|
11372700
|
GDP per capita in Turkmenistan vs United Arab Emirates
Turkmenistan's GDP per capita is $8,572, ranking 91/197, compared to $49,378 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Turkmenistan ranks 94th at $20,408, while the United Arab Emirates ranks 16th at $77,959.
| Year | Current $ | |||
|---|---|---|---|---|
|
Turkmenistan
|
UAE
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1970 | - | - | $2,394 | - |
| 1971 | - | - | $2,805 | - |
| 1972 | - | - | $3,675 | - |
| 1973 | - | - | $9,696 | - |
| 1974 | - | - | $23,823 | - |
| 1975 | - | - | $27,117 | - |
| 1976 | - | - | $31,197 | - |
| 1977 | - | - | $35,020 | - |
| 1978 | - | - | $29,379 | - |
| 1979 | - | - | $34,238 | - |
| 1980 | - | - | $42,925 | - |
| 1981 | - | - | $44,854 | - |
| 1982 | - | - | $39,972 | - |
| 1983 | - | - | $34,650 | - |
| 1984 | - | - | $32,012 | - |
| 1985 | - | - | $29,468 | - |
| 1986 | - | - | $23,132 | - |
| 1987 | $675 | - | $23,113 | - |
| 1988 | $846 | - | $21,570 | - |
| 1989 | $821 | - | $23,167 | - |
| 1990 | $848 | $5,321 | $26,710 | $86,949 |
| 1991 | $832 | $5,117 | $25,691 | $85,765 |
| 1992 | $811 | $4,351 | $25,648 | $86,019 |
| 1993 | $788 | $4,422 | $25,033 | $84,860 |
| 1994 | $622 | $3,659 | $25,473 | $88,427 |
| 1995 | $592 | $3,405 | $27,003 | $92,107 |
| 1996 | $558 | $3,636 | $28,323 | $93,009 |
| 1997 | $565 | $3,222 | $27,983 | $94,374 |
| 1998 | $591 | $3,432 | $24,889 | $88,693 |
| 1999 | $546 | $3,981 | $25,856 | $86,165 |
| 2000 | $634 | $4,209 | $29,866 | $91,318 |
| 2001 | $756 | $4,401 | $27,745 | $88,832 |
| 2002 | $936 | $4,393 | $27,754 | $86,960 |
| 2003 | $1,229 | $4,536 | $29,660 | $91,059 |
| 2004 | $1,379 | $4,798 | $33,377 | $96,982 |
| 2005 | $1,604 | $5,489 | $38,719 | $99,577 |
| 2006 | $1,997 | $6,164 | $44,343 | $104,995 |
| 2007 | $2,415 | $6,901 | $45,855 | $99,097 |
| 2008 | $3,606 | $7,916 | $50,054 | $93,017 |
| 2009 | $3,708 | $8,285 | $37,803 | $83,337 |
| 2010 | $4,059 | $8,972 | $43,697 | $83,671 |
| 2011 | $5,144 | $10,283 | $50,789 | $87,709 |
| 2012 | $6,054 | $11,035 | $52,034 | $87,340 |
| 2013 | $6,600 | $11,723 | $52,024 | $85,515 |
| 2014 | $7,164 | $12,477 | $51,381 | $85,248 |
| 2015 | $5,759 | $12,715 | $43,535 | $71,720 |
| 2016 | $5,687 | $12,919 | $41,326 | $67,702 |
| 2017 | $5,828 | $13,278 | $42,341 | $68,043 |
| 2018 | $6,125 | $14,368 | $45,690 | $75,071 |
| 2019 | $6,648 | $15,478 | $44,251 | $76,885 |
| 2020 | $6,593 | $15,091 | $37,174 | $65,353 |
| 2021 | $7,051 | $16,434 | $43,360 | $67,401 |
| 2022 | $8,156 | $18,340 | $49,899 | $73,778 |
| 2023 | $8,233 | $19,829 | $49,041 | $76,110 |
| 2024 | $8,572 | $20,408 | $49,378 | $77,959 |
Spending and national debt comparison
In 2024, Turkmenistan's government spending was $7.26B, accounting for 11.1% of its GDP, while the United Arab Emirates' spent $125B, or 24% of GDP.
Debt-to-GDP ratio is 4.5% in Turkmenistan and 32.8% in the United Arab Emirates, ranking 183/185 and 156/185, respectively.
| Year | % of GDP | |||
|---|---|---|---|---|
|
Turkmenistan
|
UAE
|
|||
| Government spending | Government debt | Government spending | Government debt | |
| 1991 | - | - | 36% | 4.97% |
| 1992 | - | - | 29.6% | 5.31% |
| 1993 | - | - | 31.5% | 6.01% |
| 1994 | - | - | 30.1% | 5.58% |
| 1995 | - | - | 26.1% | 5.06% |
| 1996 | - | - | 27.6% | 3.48% |
| 1997 | 14.6% | 84.9% | 22.6% | 2.86% |
| 1998 | 14.2% | 107.9% | 25.8% | 4.18% |
| 1999 | 11.3% | 88.2% | 24.3% | 4.73% |
| 2000 | 14.1% | 72.9% | 21.8% | 3.12% |
| 2001 | 12.3% | 45.1% | 25.2% | 2.69% |
| 2002 | 10.6% | 32% | 21.3% | 3.43% |
| 2003 | 11.3% | 22.4% | 20% | 3.33% |
| 2004 | 11% | 15.1% | 17.7% | 4.08% |
| 2005 | 11.5% | 9.01% | 15.7% | 4.48% |
| 2006 | 8.74% | 5.59% | 15.6% | 5.05% |
| 2007 | 7.86% | 4.05% | 17.7% | 8.89% |
| 2008 | 6.36% | 4.71% | 22% | 8.95% |
| 2009 | 7.84% | 4.08% | 35% | 21.1% |
| 2010 | 8.86% | 6.21% | 31.1% | 18.8% |
| 2011 | 9.62% | 10% | 30.3% | 20.9% |
| 2012 | 10.3% | 13.8% | 28.4% | 20.7% |
| 2013 | 13% | 16% | 29.6% | 15.6% |
| 2014 | 13.2% | 12.3% | 32.2% | 13.8% |
| 2015 | 13.8% | 14.5% | 27.2% | 16.1% |
| 2016 | 11.9% | 18.5% | 32.8% | 19.3% |
| 2017 | 14.7% | 20% | 28.1% | 21.9% |
| 2018 | 11.4% | 18.7% | 26.7% | 21.3% |
| 2019 | 11.6% | 15.3% | 28.4% | 26.8% |
| 2020 | 11.8% | 13.3% | 31.1% | 41.3% |
| 2021 | 10.9% | 10.7% | 26.4% | 36.3% |
| 2022 | 9.44% | 5.77% | 23.1% | 32.1% |
| 2023 | 10.9% | 4.66% | 23% | 32.4% |
| 2024 | 11.3% | 4.62% | 23.2% | 32.1% |
| 2025 | 11.1% | 4.5% | 24% | 32.8% |
Government deficit by year
In 2024, Turkmenistan's government surplus, the difference between spending and revenue, was $204M, equivalent to 0.32% of GDP. This compares to the United Arab Emirates' surplus of $25.9B, or 4.83% of GDP.
Over the past 28 years, Turkmenistan recorded a fiscal deficit in 8 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Turkmenistan posted an annual surplus equal to +1.07% of GDP, compared to surplus of +4.87% of GDP for the United Arab Emirates.
| Year | Deficit/surplus, % of GDP | |
|---|---|---|
|
Turkmenistan
|
UAE
|
|
| 1991 | - | 3.89% |
| 1992 | - | 3.34% |
| 1993 | - | -2.89% |
| 1994 | - | -1.78% |
| 1995 | - | 3.58% |
| 1996 | - | 0.92% |
| 1997 | -0.11% | 6.71% |
| 1998 | 0.63% | 1% |
| 1999 | 1.35% | 1.31% |
| 2000 | -0.3% | 10.7% |
| 2001 | 0.42% | 1.21% |
| 2002 | 0.1% | -1.24% |
| 2003 | 2.17% | 2.35% |
| 2004 | 0.8% | 6.4% |
| 2005 | 0.47% | 16% |
| 2006 | 3.07% | 20.2% |
| 2007 | 2.28% | 17.1% |
| 2008 | 5.85% | 17.6% |
| 2009 | 4.11% | -6.13% |
| 2010 | 1.29% | 0.53% |
| 2011 | 2.4% | 5.17% |
| 2012 | 5.27% | 8.77% |
| 2013 | 1.18% | 8.18% |
| 2014 | 0.69% | 1.79% |
| 2015 | -0.56% | -6.56% |
| 2016 | -2.01% | -3.05% |
| 2017 | -2.35% | -0.16% |
| 2018 | -0.18% | 3.77% |
| 2019 | -0.34% | 2.59% |
| 2020 | -0.14% | -2.47% |
| 2021 | 0.46% | 4.03% |
| 2022 | 2.45% | 9.97% |
| 2023 | 0.75% | 5.91% |
| 2024 | 0.32% | 4.83% |
| 2025 | 0.17% | 2.89% |
Inflation comparison by year
Over the past 30 years, Turkmenistan has recorded an average annual inflation rate of 43.4%, compared with 2.72% in the United Arab Emirates. In 2025, inflation was 3.9% in Turkmenistan and 1.6% in the United Arab Emirates.
| Year | Inflation | ||
|---|---|---|---|
|
Turkmenistan
|
UAE
|
Turkmenistan
|
UAE
|
| 1996 | 992% | 3% | |
| 1997 | 83.7% | 3% | |
| 1998 | 16.8% | 2% | |
| 1999 | 23.5% | 2.1% | |
| 2000 | 8% | 1.3% | |
| 2001 | 11.6% | 2.8% | |
| 2002 | 8.8% | 2.9% | |
| 2003 | 5.6% | 3.1% | |
| 2004 | 5.9% | 5% | |
| 2005 | 10.7% | 6.2% | |
| 2006 | 8.2% | 9.3% | |
| 2007 | 6.3% | 11.1% | |
| 2008 | 14.5% | 12.3% | |
| 2009 | -2.7% | -4.7% | |
| 2010 | 4.4% | 0.9% | |
| 2011 | 5.3% | 0.9% | |
| 2012 | 5.3% | 0.7% | |
| 2013 | 6.8% | 1.1% | |
| 2014 | 6% | 2.3% | |
| 2015 | 7.4% | 4.1% | |
| 2016 | 3.6% | 1.6% | |
| 2017 | 8% | 2% | |
| 2018 | 13.3% | 3.1% | |
| 2019 | 5.1% | -1.9% | |
| 2020 | 6.1% | -2.1% | |
| 2021 | 19.5% | -0.1% | |
| 2022 | 11.2% | 4.8% | |
| 2023 | -1.6% | 1.6% | |
| 2024 | 4.6% | 1.7% | |
| 2025 | 3.9% | 1.6% | |
Top exports between countries
|
Turkmenistan
|
|
|---|---|
| Export category | Export value |
| Raw agricultural goods | $9.36M |
| Raw materials & minerals | $1.95M |
| Machinery & equipment | $1.53M |
| Textiles & consumer goods | $1.21M |
| Chemicals & pharma | $1.01M |
| Processed food, beverages & tobacco | $672K |
| Precious metals & jewellery | $118K |
| Animal & marine products | $97K |
| Metals | $65K |
| Wood & paper products | $46K |
|
UAE
|
|
|---|---|
| Export category | Export value |
| Machinery & equipment | $843M |
| Chemicals & pharma | $45M |
| Processed food, beverages & tobacco | $31.5M |
| Textiles & consumer goods | $28.8M |
| Metals | $17.8M |
| Raw materials & minerals | $14.2M |
| Raw agricultural goods | $7.93M |
| Wood & paper products | $7.7M |
| Miscellaneous | $5.78M |
| Animal & marine products | $4.62M |
Balance of trade
|
Turkmenistan
|
UAE
|
|
|---|---|---|
| Imports of goods and services, % of GDP |
12.5%
2023 |
93.7%
2023 |
| Exports of goods and services, % of GDP |
21.6%
2023 |
108.6%
2023 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Turkmenistan
|
UAE
|
|
|---|---|---|
| Economic freedom | 47.1 | 71.6 |
| Economic freedom ranking | 178/197 | 29/197 |
| Property rights | 17.7 | 65.4 |
| Government integrity | 7.3 | 65.9 |
| Judicial effectiveness | 8.2 | 35.2 |
| Tax burden | 94.2 | 96.9 |
| Government spending | 96.7 | 82.3 |
| Fiscal health | 100 | 97.9 |
| Business freedom | 37.4 | 84.2 |
| Labor freedom | 33.9 | 62.1 |
| Monetary freedom | 75.1 | 80.5 |
| Trade freedom | 74.2 | 78.4 |
| Investment freedom | 10 | 50 |
| Financial freedom | 10 | 60 |
Economic freedom by year comparison
The Economic Freedom Index for Turkmenistan is 47.1, ranking 178/197, compared to 71.6 for the United Arab Emirates, ranking 29/197. The chart below displays a comparison of annual changes in economic freedom indexes.
| Year | Economic freedom index | |
|---|---|---|
|
Turkmenistan
|
UAE
|
|
| 1996 | - | 71.6 |
| 1997 | - | 71.9 |
| 1998 | 35 | 72.2 |
| 1999 | 36.1 | 71.5 |
| 2000 | 37.6 | 74.2 |
| 2001 | 41.8 | 74.9 |
| 2002 | 43.2 | 73.6 |
| 2003 | 51.3 | 73.4 |
| 2004 | 50.7 | 67.2 |
| 2005 | 47.6 | 65.2 |
| 2006 | 43.8 | 62.2 |
| 2007 | 43 | 62.6 |
| 2008 | 43.4 | 62.6 |
| 2009 | 44.2 | 64.7 |
| 2010 | 42.5 | 67.3 |
| 2011 | 43.6 | 67.8 |
| 2012 | 43.8 | 69.3 |
| 2013 | 42.6 | 71.1 |
| 2014 | 42.2 | 71.4 |
| 2015 | 41.4 | 72.4 |
| 2016 | 41.9 | 72.6 |
| 2017 | 47.4 | 76.9 |
| 2018 | 47.1 | 77.6 |
| 2019 | 48.4 | 77.6 |
| 2020 | 46.5 | 76.2 |
| 2021 | 47.4 | 76.9 |
| 2022 | 46.2 | 70.2 |
| 2023 | 46.5 | 70.9 |
| 2024 | 46.3 | 71.1 |
| 2025 | 47.1 | 71.6 |
More economic indicators
|
Turkmenistan
|
UAE
|
|
|---|---|---|
| Services, % of GDP |
49.4%
2023 |
51.6%
2023 |
| Industry, % of GDP |
39.3%
2023 |
47.7%
2023 |
| Agriculture, forestry, and fishing, % of GDP |
11.3%
2023 |
0.7%
2023 |
GNI, Atlas method
|
$62.9B
2024 |
$538B
2024 |
| GNI per capita, PPP |
$20,220
2024 |
$78,110
2024 |
| Total reserves including gold |
$1.51B
1999 |
$238B
2024 |
| Total reserves ranking |
135/177
1999 |
14/177
2024 |
|
Net inflows of foreign direct investment
|
$1.64B
2024 |
$45.6B
2024 |
|
Net outflows of foreign direct investment
|
n/a |
$23.4B
2024 |
|
Servicing debt to the IMF, % of GNI
|
1.93%
2023 |
n/a |
| Poverty at national poverty lines |
0.2%
2020 |
19.5%
2020 |
|
Gross capital formation, % of GDP
|
47.2%
2012 |
27.1%
2023 |
GDP per capita map
GDP per capita
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Economy comparisons
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.
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.