Health expenditure in relation to GDP
Abstract:In 2007, OECD countries devoted 8.9% of their GDP to health spending (Figure 7.2.1). Trends in the health spending to GDP ratio are the result of the combined effect of trends in both GDP and health expenditure. Apart from a few countries (Hungary and the Czech Republic), health spending grew more quickly than GDP over the last ten years (see Figure 7.1.3 under the previous indicator). This has resulted in a higher share of GDP allocated to health (Figure 7.2.3). The share of health expenditure to GDP is likely to increase further, following the recession that started in many countries in 2008 and became widespread in 2009.
Document Type: Review Article
Publication date: 2009-12-01