26 January 2008
A Budgetary Experiment
We've been discussing government spending over at the Daily Duck and so I thought I'd grab some data from the NIPA accounts over at the Bureau of Economic Analysis and then calculate and graph government expenditures and receipts, federal expenditures and receipts and national defense expenditures as percentages of GDP. The data starts in 1929, but because of limitations and changes in the data, this chart starts in 1960.
Because I wanted to play around with Excel a little bit, I've posted the original chart and data on the web. Feel free to play around with it. (This will likely only work if you have Excel and IE, and maybe not even then.)
Ask and ye shall receive. This gives us some historical perspective, but I don't know that this is a particularly useful statistic. Comparing national debt to GDP is something like comparing the total amount of your mortgage to your annual income. For that reason, I threw in interest paid as a percent of GDP.
I've also added OECD data for governmental debt as a percentage of GDP.
Posted by David at 11:01 AM