USA Entitlement Spending equals India’s GDP

March 4, 2011 7:41 am

Talking about scale, this one is a stunner – remember, India has a population of more than 1.2 billion, compared to the U.S population of 300 million. The stat is a little old, but the scale holds.

Going through Mary Meeker’s USA INc report, we spotted this statistic:

“USA Entitlement Spending equals India’s GDP”

With a population of 1.2 billion (vs. USA’s 310 million) and 2010 GDP growth of 10% (vs. USA’s 3%), India is a well recognized emerging country on the global stage.

It’s notable that India’s 2010 nominal GDP* of $1.43 trillion was equal to USA’s $1.43 trillion in federal government spending on Social Security, Medicare, and Medicaid.

Statistics Source: Mary Meeker, “About USA Inc” Report

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