U.S. Federal Government Spending as a Percentage to the U.S. Economy Compared to Other Countries

WorkforAll had the following illustration with U.S. federal government spending compared to other countries.

• GDP stands for Gross Domestic Product and is a measure of the economy as it measures the total market value of all final goods and services produced in a country in a given year.
• E.U. stands for European Union which is an economic and political partnership between 27 European countries.
• OECD stands for Organisation for Economic Co-operation and Development and the OECD percentage is the average of the 34 member OECD countries.
• Commas are used for the decimal mark, which is a common convention in Europe and South America.  For example, the 35,6 means 35.6%.

To read the entire article, click on EU : Causes of Growth differentials in Europe.