National Budget, Percentage of GDP: We’re Number 20

Budgets Taxing Spending and Priorities
Written By Sadie Cornelius

As one would expect, the United States, with the highest Gross Domestic Product would also have the largest national budget. In 2021, the US ranked number one, followed by China, India, Japan, Germany, France, the United Kingdom, Russia, Italy, Brazil, and Canada. But in terms of per capita spending, the US ranks 9th among OECD countries and as a percentage of GDP, it ranks 20th.

Norway has the highest per capita spending in the OECD at $37,204, followed by Austria ($36,254), Belgium ($35,244), Denmark ($33,379), and France ($32,379). The United States ranks 9th, spending $31,538 (using 2021 data). The OECD average for 2022 was $23,881. In terms of percentage of GDP, France ranked 1st.

Source: Luxembourg tops all countries with $62,084 pending per capita. “General Government Spending,” OECD, https://data.oecd.org/gga/general-government-spending.htm#indicator-chart.

Sadie Cornelius

Sadie K Cornelius is a proud Longhorn and graduate of the University of Texas at Austin’s Moody School of Communications with a Bachelor's in Advertising and a minor in Business.

She has more than 15 years of experience in Squarespace website and graphic design for 200+ clients all over the world.

A fourth generation business owner Sadie is passionate about helping others through creating compelling visuals and cohesive brand identities. She’s been featured in Forbes as a female-owned company, has taught several digital marketing classes at General Assembly, is a volunteer for non-profit organizations.

Sadie enjoys traveling the world, spending time with her husband, King Charles Cavalier, and families in the Carolinas. Originally from Kansas City, Sadie resides in Washington DC (but is forever an Austin girl at heart).

https://www.skc-marketing.com
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