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Old 26th November 2008
Odyessus Odyessus is offline
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Join Date: May 2007
Location: Dublin
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Quote:
Originally Posted by patslatt View Post
Is there a conspiracy on the political left to quote government spending figures as a percent of GDP to make Ireland's spending look small in international comparisons? I heard a trade union leader GDPee on the radio this morning.

GDP in Ireland's case is inflated compared to other countries by about 15% due to multinational financial transfers. So if the percent of GDP for a government service is say 10%,to convert that to percent of GNP, the rough adjustment is 10/(100/1.15) = 11.5%.

Well spotted.

"There are three types of lies: Lies, Damned Lies, and Statistics." - Mark Twain.


P.S. I need hardly add, the right is not innocent either.
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