Thursday, 31 March 2011

Public Debt 1850-2011

It's now official. We have the largest public debt as a percentage of GDP since, at least, 1850. A sad, sad legacy.

Public Debt as % of GDP, 1850-2011
 Source: Mata and Valerio (1992), Neves (1994), INE, Santos Pereira (2011)

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