During 1961-2001some economies has raised their GDP for more than 10 times, and others have decreased their per capita GDP to a half from their initial level in 1961. Using the general framework developed by Barro on a panel date for more than 150 countries with observations computed 5 years, 10 years, 20 years, 40 years period, and annually, during 1961-2000, we found that economic growth is positively correlated with a higher level of health and education, and an increase in: savings, openness of the economy, development of the financial system, capital formation, FDI, and real interest rate. Therewith economic growth is negatively correlated with a higher level of GDP per capita, and an increase in: government consumption, inflation rate, budget deficit, fertility and population growth, unemployment, and current account deficit.

government consumption, inflation rate, budget deficit, fertility and population growth, unemployment, and current account deficit.