INTRODUCTION - Colby College

This compares to 2.64% in 1995, 2.58% in 1996, 2.29% in 1997 and 2.64% in 1998. During these same years, the country sustained a decline of GDP in real terms, as demonstrated on the chart on the following page (the exception is 1997, which may also explain the significantly lower percentage for public expenditure that year). ................
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