7/31/2019 COGI Indexes

1/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

192

9

193

1

193

3

193

5

193

7

193

9

194

1

194

3

194

5

194

7

194

9

195

1

195

3

195

5

195

7

195

9

196

1

196

3

196

5

196

7

196

9

197

1

197

3

197

5

197

7

197

9

198

1

198

3

198

5

198

7

198

9

199

1

199

3

199

5

199

7

199

9

200

1

200

3

200

5

200

7

200

9

201

1

U.S. Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernmentIndex(COGI)

GovernmentLeverage

Index

FiscalYear

Sources:U.S.BureauofEconomicAnalysis;Revenue&GDPfrom1929-1980

U.S.DepartmentofCommerce;Debtfrom1929-1980

OrganizaXonforEconomicCo-operaXonandDevelopment;Revenue,GDP,Debtfrom1980-2010

7/31/2019 COGI Indexes

2/34

!5.00%&

0.00%&

5.00%&

10.00%&

15.00%&

20.00%&

25.00%&

30.00%&

35.00%&

1980&

1981&

1982&

1983&

1984&

1985&

1986&

1987&

1988&

1989&

1990&

1991&

1992&

1993&

1994&

1995&

1996&

1997&

1998&

1999&

2000&

2001&

2002&

2003&

2004&

2005&

2006&

2007&

2008&

2009&

2010&

2011&

Australia Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

Government&Burden&

Index&

Cost&of&Government&

Index&(COGI)&

Government&Leverage&

Index&

Fiscal&Year&

7/31/2019 COGI Indexes

3/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Austria Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

4/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Belgium Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

5/34

!10.00%&

0.00%&

10.00%&

20.00%&

30.00%&

40.00%&

50.00%&

1980&

1981&

1982&

1983&

1984&

1985&

1986&

1987&

1988&

1989&

1990&

1991&

1992&

1993&

1994&

1995&

1996&

1997&

1998&

1999&

2000&

2001&

2002&

2003&

2004&

2005&

2006&

2007&

2008&

2009&

2010&

2011&

Canada Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

Government&Burden&

Index&

Cost&of&Government&

Index&(COGI)&

Government&Leverage&

Index&

Fiscal&Year&

7/31/2019 COGI Indexes

6/34

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Chile Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

7/34

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Czech Republic Government Burden Index, Government Leverage Index,

and Cost of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

8/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Denmark Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

9/34

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Estonia Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

10/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011

Finland Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

11/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

France Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

12/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Germany Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

13/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Greece Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

14/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

19911992199319941995 1996199719981999 20002001200220032004 2005200620072008 2009 2010 2011

Hungary Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

15/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Iceland Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

16/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Ireland Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

17/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Isreal Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

18/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Italy Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

19/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Japan Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

20/34

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Korea Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

21/34

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011

Luxembourg Government Burden Index, Government Leverage Index, and

Cost of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

22/34

-30.00%

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Mexico Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

23/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Netherlands Government Burden Index, Government Leverage Index, and

Cost of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

24/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

New Zealand Government Burden Index, Government Leverage Index, and

Cost of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

25/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Norway Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

26/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011

Poland Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

27/34

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Portugal Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

28/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Slovak Republic Government Burden Index, Government Leverage Index,

and Cost of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

29/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Spain Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

30/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Sweden Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

31/34

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

Switzerland Government Burden Index, Government Leverage Index, and

Cost of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

32/34

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

Turkey Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index"""

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

33/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

U.K. Government Burden Index, Government Leverage Index, and Cost of

Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index"""

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear

7/31/2019 COGI Indexes

34/34

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

2004 2005 2006 2007 2008 2009 2010 2011

Slovenia Government Burden Index, Government Leverage Index, and Cost

of Government Index (COGI) -- as a percentage of GDP

GovernmentBurden

Index

CostofGovernment

Index(COGI)

GovernmentLeverage

Index

FiscalYear