Economic Freedom and Debt -- Developing and Mature Economies
Created on January 18, 2012
Public Debt as a Percentage of GDP
Trend Line—Mature Economies (Correlation: –0.48)
Trend Line—Developing Economies (Correlation: –0.29)
Each dot represents a score recorded in the Index of Economic Freedom
from 2002 to 2011
Sources: Terry Miller, Kim R. Holmes, and Edwin J. Feulner, 2012 Index of Economic Freedom (Washington, D.C.: The Heritage Foundation and Dow Jones & Company, Inc., 2012), at www.heritage.org/index; International Monetary Fund, World Economic Outlook Databases, at http://www.imf.org/external/ns/cs.aspx?id=28 (November 16, 2011); and International Monetary Fund, “A Historical Public Debt Database,” at http://www.imf.org/external/pubs/cat/longres.cfm?sk=24332.0 (November 16, 2011).