Denis Wirtz: Number of 2023 ERC consolidator grants vs. GDP of countries?

Denis Wirtz, Vice President for Research at John Hopkins University, shared on X/Twitter:

“Number of 2023 Employee Retention Credit (ERC) consolidator grants vs. GDP of countries? Here I show ERC grants by country, their GDP and ERCs/GDP.

Germany, the UK, and Spain are on par. The Netherlands, Denmark, Austria, Israel, and Belgium over-perform. France, Italy, Norway, and Poland under-perform.

Source: Denis Wirtz/Twitter