In the third period, between 1945-1980, public spending grew particularly fast. In the US, public spending as a share of GDP was 10.5% in 1941, then went up to 44.1% in 1945, and then went back down to 12.2% in 1948. Government expenditures as a share of national output went sharply up and down in these countries, mainly because of changes in defense spending and national incomes. In the second period, between 1915-1945, public spending was generally volatile, particularly for countries that were more heavily involved in the First and Second World Wars. These low levels of public spending were just enough for governments to be concerned with basic functions, such as maintaining order and enforcing property rights. In the US, for example, total government expenditure accounted for less than 2% of national income until 1916. In the first period, until the First World War, spending was generally low. If we focus on early-industrialized countries, we can see that there are four broad periods in this chart. ’ but bear in mind that the series for most non-OECD countries are much shorter. You can plot other countries in this visualization by selecting ‘ The above-mentioned long-run series are complemented in this dataset by comparable recent estimates for most countries in the world. Non-OECD countries with available long-run data include Russia, India, Argentina, Brazil, Peru and Colombia. The long-run series in this dataset cover mainly, but not exclusively OECD countries. The visualization shows the evolution of government expenditure as a share of national income, for a selection of countries over the last century.
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