United States economic performance is strong, but tax revenues are much lower than the advanced democracies.
ECONOMIC PERFORMANCE 1
|Green||Ranked first for statistic|
|Red||Ranked last for statistic|
|GDP per capita as % of US GDP||GDP per hour worked as % of US GDP||Tax revenue as % of GDP||Tax revenue per capita||Government debt as a % of GDP|
|United Kingdom||74.8||83.8||32.98||$ 14.21||117|
|United States||100.0||100.0||24.47||$ 16.05||136|
All data from 2019 except for Australia and Japan (2018).
All data from 2019 except for Australia and Japan (2018). Calculated using CIA World Factbook populations.
All data from 2019 except Japan (2018).
August 30, 2018.
The GDP by itself isn’t an accurate measure of economic success, as discussed by Krugman. There is a disconnect between overall and individual growth that should be taken into account.