With the spread of the coronavirus pandemic worldwide, governments of the G20 countries, as well as Poland, have taken many actions to support the economy due to the introduction of radical lockdown measures. Based on data from the beginning of April 2020, it can be concluded that the current scale of the fiscal response of the G20 and Polish governments to the COVID-19 pandemic crisis will be significantly higher than during the financial crisis of a decade ago. According to the source, the value of the announced packages already exceeds 4800 billion U.S dollars, and 13 out of twenty countries from the G20 and Poland have planned larger packages in relation to GDP than during the crisis in 2007-2009.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Size of fiscal packages announced by G20 countries and Poland in response to the financial and COVID-19 crisis in 2009 and 2020, as a percentage of GDP
* The data does not include significant guarantee packages that governments have announced and started to implement with the support of banks and development funds, which are worth e.g., 4.5% of GDP in Poland, 14% of GDP in France, 15% of GDP in the UK and about 25% of GDP in Italy and Germany.
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The Polish Economic Institute. (April 15, 2020). Size of fiscal packages announced by G20 countries and Poland in response to the financial and COVID-19 crisis in 2009 and 2020, as a percentage of GDP [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1110926/poland-fiscal-help-in-response-to-the-financial-and-covid-19-crisis-by-country/
The Polish Economic Institute. "Size of fiscal packages announced by G20 countries and Poland in response to the financial and COVID-19 crisis in 2009 and 2020, as a percentage of GDP." Chart. April 15, 2020. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1110926/poland-fiscal-help-in-response-to-the-financial-and-covid-19-crisis-by-country/
The Polish Economic Institute. (2020). Size of fiscal packages announced by G20 countries and Poland in response to the financial and COVID-19 crisis in 2009 and 2020, as a percentage of GDP. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1110926/poland-fiscal-help-in-response-to-the-financial-and-covid-19-crisis-by-country/
The Polish Economic Institute. "Size of Fiscal Packages Announced by G20 Countries and Poland in Response to The Financial and Covid-19 Crisis in 2009 and 2020, as a Percentage of Gdp." Statista, Statista Inc., 15 Apr 2020, https://www.statista.com/statistics/1110926/poland-fiscal-help-in-response-to-the-financial-and-covid-19-crisis-by-country/
The Polish Economic Institute, Size of fiscal packages announced by G20 countries and Poland in response to the financial and COVID-19 crisis in 2009 and 2020, as a percentage of GDP Statista, https://www.statista.com/statistics/1110926/poland-fiscal-help-in-response-to-the-financial-and-covid-19-crisis-by-country/ (last visited September 01, 2024)
Size of fiscal packages announced by G20 countries and Poland in response to the financial and COVID-19 crisis in 2009 and 2020, as a percentage of GDP [Graph], The Polish Economic Institute, April 15, 2020. [Online]. Available: https://www.statista.com/statistics/1110926/poland-fiscal-help-in-response-to-the-financial-and-covid-19-crisis-by-country/
