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Tuesday, July 20, 2004

OECD Releases Tax and Spending Data

Tuesday, July 20, 2004

The Organization for Economic Cooperation and Development (OECD) has released data on government tax revenues and spending as a percentage of GDP for the major industrial nations:

Gov't Revenue Gov't Spending
As % of GDP.....As % of GDP
59.3 Sweden 59.0
58.2 Norway 48.4
57.4 Denmark 56.6
53.6 Finland 51.0
50.4 France 54.4
50.4 Austria 51.6
49.9 Belgium 49.7
46.3 Luxembourg 46.6
46.2 Netherlands 48.6
46.1 Euro area 48.9
45.8 Italy 48.5
45.8 European Union 48.4
45.5 Iceland 46.5
45.3 Germany 49.4
45.1 Greece 46.7
43.9 Portugal 46.8
43.1 Hungary 48.4
42.6 Poland 46.8
42.5 Slovak Republic 47.6
42.5 New Zealand 39.8
41.2 Canada 40.1
40.5 Czech Republic 47.1
39.9 United Kingdom 42.8
39.4 Spain 39.3
37.4 Total OECD 41.2
37.0 Australia 36.2
34.2 Ireland 35.2
32.6 Korea 29.1
31.0 United States 35.9
30.9 Japan 38.3

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Comments

Query: Are these figures for all government revenue/spending? For instance, are social security and similar programs included? More significantly, are state and local government revenues/spending included? After all, in a system such as ours, a good deal of government expediture is at the state and local level and these amounts have to be folded in to a single number in order to make valid comparisons between the various countries listed.

My question stated something differently: Are all of these numbers for the same type of apples or are there some oranges, pears, kiwi fruit, and bananas also included?

Posted by: Stuart Levine | Jul 20, 2004 2:28:50 PM