Tag Archives: Gross Domestic Product

The Evolution of Public Spending in the OECD Countries – Part I

11 Mag

by Arturo Hermann

  gdpThe impressive increase of the ratio of public spending on GDP (Gross Domestic Product)

One leading aspect of the economic evolution has been the long-term increase of public spending (PS), not only in absolute but also in relative terms, as shown by the ratio PS/GDP. This ratio has increased (OECD data) for the most important Countries from 5-10% of the XIX century, to 10-20% of the early decades of XX century, to 40-50% of the latest decades. Continua a leggere