this post was submitted on 20 Mar 2023
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Sure, China wasn't the oddity. I'm more raising an eyebrow at Sweden's figures.
Your comment literally states that Sweden has higher public sector GDP than China.
Hmmm, yeah. So I'm trying to figure out how exactly that gets calculated. The figure came from World Bank figures, which appear to not include state owned enterprises. That's because there's no one measurement of what "government GDP" is. That's where this becomes an apples-to-oranges comparison. Sweden's economy is just different in structure. But I still maintain that 3% is way too low for Sweden.
3% might be too low for Sweden, but it is pretty clear that vast majority of Swedish core economy is privately owned. So even if the joke is overstating private ownership, the gist of it is entirely on point.