Is there a relation between the government’s budget (revenue, spending, deficit) and the GDP of countries? Has the type of spending and destination a positive effect in the population? In this fourth post, we check any potential correlation between the spending by destination (individuals or society) and the GDP / capita. There is medium correlation between spending for individuals, e.g.health care, housing, education (0.40 – medium) and GDP / capita. The correlation with spending for society, e.g. defence, justice is also medium (-0.41 – medium). Next post in a week…
file: budget vs GDP 4-8
