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Unemployment insurance spending is consequently a much smaller proportion of gross domestic product.
Manufacturing may account for a small proportion of gross domestic product, but it still accounts for more than half of our export earnings.
As a result, the average proportion of gross income coming from cash benefits increased from 7.6%too 12.3% for this group.
According to Mr Cliffe, total liabilities as a proportion of gross wealth have risen from 15.9% in 2000 to 28.1% this year.
As a proportion of gross domestic product, household debt peaked at 99.5 percent in the first quarter of 2009, and has come down to just under 90 percent.
It also helps create a finance-heavy economy where the banking sector accounts for a bigger proportion of gross domestic product and corporate profits than it otherwise would.
Similar(14)
Their continued rise in prevalence, however, has resulted in a projected growth of health care spending to unrealistic proportions of gross national product in most countries.
Services account for a substantial proportion of the gross domestic product.
In the past the government has got this figure by dividing the number of workers by the proportion of UK gross domestic product generated by exports to Europe.
The cost of social security rose substantially in the period after World War II both in real terms and as a proportion of rising gross domestic product.
The Soviet Union's economic difficulties were certainly exacerbated by the very high proportion of the gross domestic product devoted to the arms race.
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