World’s largest coronavirus bailouts ------------------------------------- UNITED STATES $2,200 billion (€2,011.6bn) Nominal GDP* $20,540bn Bailout equivalent to 10.7% of GDP $560bn: All Americans earning less than $75,000/year to receive one-time payment of $1,200 $877bn: For large corporations and businesses $340bn: Local government $423bn: Public health, education and other causes ------------------------------------- JAPAN ¥108,000 billion (US$996.15bn, €911.39bn) GDP: $4,971bn 20.0% of GDP ¥26,000bn: Businesses’ tax deferrals ¥6,000bn: Cash handouts ------------------------------------- EUROZONE €540 billion ($590.22bn) GDP: $18,292bn 3.2% of GDP €240bn: ESM loans† €200bn: Loan guarantees for companies €100bn: To keep workers on payroll ------------------------------------- AUSTRALIA A$320bn ($203.3bn, €186bn) GDP: $1,434bn 14.2% of GDP A$130bn: A$1,500 every two weeks for each worker retained ------------------------------------- CHINA ¥1,300bn ($184bn, €168bn) GDP: $13,610bn 1.3% of GDP Focus on helping companies keep paying their workers ------------------------------------- UK £65.5bn ($81.5bn, €74.6bn) GDP: $2,855bn 2.9% of GDP Grants for 80% of unemployed workers’ salaries to £2,500/month ------------------------------------- CANADA C$107bn ($77bn, €70bn) 4.5% of GDP ------------------------------------- INDIA RS1,720bn ($22.6bn, €21bn) 0.8% of GDP ------------------------------------- *Value of all goods and services produced by country at current market prices †European Stability Mechanism bailout loans include austerity measures ------------------------------------- Sources: Bloomberg, China Briefing, Newsweek, Reuters, Tax Foundation © GRAPHIC NEWS Total words: 193