Charted: Healthcare Spending and Life Expectancy, by Country Over the last century, life expectancy at birth has more than doubled across the globe, largely thanks to innovations and discoveries in various medical fields around sanitation, vaccines, and preventative healthcare. Yet, while the ...
2 Healthcare spending: addressing the big issue? Rising medical costs vs GDP & inflation ($ billion) 220 200 180 160 140 120 100 Inflation GDP Medical costs Sources: OECD; National Departments of Health; Willis Towers Watson; AON; Mercer Marsh; National Statistical ...
1 Indeed, the funds allocated to healthcare "should reflect the comparative value that a health service represents for the population in relation to needs of other sectors, rather than GDP", Christie says. Health spending should reflect medical needs "not unstable economic trends" , Christie ...
MichaelBMJBmjMcCarthy M. US healthcare spending will reach 20% of GDP by 2024, says report. BMJ. 2015;351:h4204.McCarthy, M. (2015), "US Healthcare Spending Will Reach 20% of GDP by 2024, Says Report," BMJ 351. doi:10.1136/bmj.h4204...
Published by Statista Research Department, May 5, 2025 This statistic displays the projected public expenditure on healthcare as a share of GDP in Ireland from 2016 to 2070. Spending on healthcare is expected to increase to 5.1 percent share of GDP in 2070. Projected...
In 2023, the annual spending on public healthcare in the United Kingdom (UK) accounted for 8.9 percent of GDP.
1 Over the past ten years, Canada’s annual healthcare spending has increased, on average, by about one percentage point more than its GDP growth (excluding 2020) of about CA $7,500 per capita each year. This makes Canada one of the top ten healthcare spenders in the world.2 ...
Healthcare is one of the largest sectors in the country, with annual health care spending equal to $3.5 trillion in 2017, or 17.9% of GDP. It’s also the fastest growing sector for jobs, with 13% of all private sector workers and 16 percent of the union workforce. Women and people ...
Landmark reports from reputable sources have concluded that the United States wastes hundreds of billions of dollars every year on medical care that does not improve health outcomes. While there is widespread agreement over how wasteful medical care spending is defined, there is no consensus on its...
China’s healthcare spending has grown significantly over the last two decades across all sources. In 2021, total expenditure reached RMB 7.6 trillion (approx. US$1.2 trillion), more than doubling from 2015. Healthcare expenditure accounted for 6.5 percent of the annual GDP in 2021, a slight ...