Economic Growth and Size of Government Chart

Posted by Jeff Walter   5/7/2013    0 Comments

 

Chart Summary

This chart is from The Size and Functions of Government and Economic Growth study performed for for the Congressional Joint Economic Committee.  The study analyzed the relationship between the size of government and economic growth over a 36 year period for all industrialized countries.  The general finding was that as the size of government grew beyond 20% of GDP, economic growth diminished.

 

Key Lesson

If you want to systemically increase economic growth, the size of government needs to be minimized.





Tags: GDP Government
Categories: categoryCharts



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