There is an interesting report in the Globe and Mail showing the fiscal stimulus plans of selected G-20 countries as a proportion of gross domestic product (GDP).
In terms of absolute amount, the US is contributing the largest stimulus, at nearly US$800 billion.
The top spenders as a proportion of GDP are China, which is planning to spend over 13% of GDP, and South Africa which is planning to spend 38% of GDP.
The US, Russia, South Korea, and Australia are in the range 5.5-5.7% of GDP.
Japan, which has been spending on stimulus for years, Canada, Germany, and Argentina come in in the 2-3.5% range.
France, Britain, Italy, Indonesia, Turkey, and India are planning to spend less than 2%. Saudi Arabia says it is not as seriously impacted by the economic downturn.
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