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March 17, 2010
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."
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.
Graph of the Day Archive.