Graph of the Day for March 17, 2010

"‘What,' asked my interlocutor, ‘is the worst-case outlook for the world economy?' It wasn't until the next day that I came up with the right answer: America could turn Irish."

Paul Krugman.


 

Source:  The Heritage Foundation.


Hoven's Index for March 17, 2010


GDP per capita of Ireland in 2009:  $42,200

Of Sweden:  $36,800

Of France:  $32,300

Government spending in Ireland as percentage of GDP in 1982:  57.3%

In 2000:  31.5%

In the US in 2000:  34.2%

OECD average in 2000:  39.1%

Percent of wages of the average production worker, single without children, going to taxes, in Ireland in 2008:  14.6%

In the US:  24.7%

In France:  27.8%

Public debt of Ireland as percentage of GDP in 1989:  109%

In 2002:  32%

Sources:  The CIA World Factbook, the US Statistical Abstract (Tables 1324 and 1326), the Peterson-Pew Commission on Budget Reform.


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