There are two reports
on stimulus spending in the G-20 by Eswar Prasad and Isaac Sorkin of the Brookings Institution entitled Understanding the G-20 Economic Stimulus Plans and Assessing the G-20 Stimulus Plans: A Deeper Look . The reports include an interactive map, which displays information about the stimulus plan of each country (dollar amount, percentage of 2008 GDP, and proportion that is tax cut) in the G-20 countries (including Spain) and colour codes each country according to whether its stimulus plan is judged to be large, modest, or small.
Large Stimulus Plan
- China
- Saudi Arabia
- Spain
- US
Modest Stimulus Plan
- Germany
- Australia
- Canada
- Indonesia
- Japan
- South Africa
Small Stimulus Plan
- Argentina
- Brazil
- France
- India
- Italy
- Mexico
- Russia
- South Korea
- Turkey
- UK
Prasad and Sorkin point out some interesting summary information about the stimulus in the G-20.
Almost all countries in the G-20 have a fiscal stimulus plan.
2009 Stimulus Spending
The total stimulus for the G-20 countries is about US$692 billion for 2009, about 1.4 percent of the G-20 GDP. The US is responsible for 39 percent of the total G-20 stimulus, China 13 percent and Japan 10 percent. The 2009 U.S. stimulus is 1.9 percent of its 2008 GDP, China’s is 2.1 percent and Japan’s 1.4 percent of their respective GDPs. For the other G-20 countries, the total fiscal stimulus is 1.0 percent of their overall GDP.
2010 Stimulus Spending
Four countries, China, Germany, Saudi Arabia and the U.S., plan to spend as much or more on stimulus in 2010 than in 2009. In 2010, the U.S. stimulus is over 60 percent of the total G-20 stimulus for 2010. China is planning to contribute 15 percent and Germany 11 percent of the 2010 stimulus. in 2010 the U.S. stimulus package is 2.9 percent of the US 2008 GDP, China’s is 2.3 percent, and Germany’s 2.0 percent of their respective GDPs.
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