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Morning Quiz–in 1965 govt spending as a % of GDP averaged 28% in Western Europe–now what is it?

Posted on September 21, 2011 by Kendall Harmon

In 1965, government spending as a percentage of GDP averaged 28% in Western Europe. Today it hovers just under ____%.

Fill in the blank with your guess. Then go and read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Economy, Europe, History, Politics in General

4 comments on “Morning Quiz–in 1965 govt spending as a % of GDP averaged 28% in Western Europe–now what is it?”

  1. clarin says:
    September 21, 2011 at 3:53 pm

    I guessed correctly. So why am I so poor?

  2. Terry Tee says:
    September 21, 2011 at 10:07 pm

    I would say 48%. And I haven’t peeked. Will have a look after posting.

  3. Stefano says:
    September 22, 2011 at 2:30 am

    I’m going to guess………62-68%

  4. robroy says:
    September 22, 2011 at 4:37 am

    I had read this article and to be honest, I had blurred over this remarkable figure. To put it in perspective, Revenues of the U.S. have averaged 18% of GDP, thus any spending over this means deficits. We are currently at 25% spending – the highest since WWII. That European governments are at twice this level is staggering.