Nordic Welfare Spending, Cuts and GDP Growth

Notes on how taxes, welfare services and GDP developed in the postwar years.

When Social Democrats began taking power in Nordic countries how did spending and economic growth get affected? This is what we will look at in this story.

GDP Growth

Comparing GDP growth between countries is quite hard. You could convert the GDP for every country to dollars for each year. But then you will get unnatural fluctuations based fluctuations in currency…