The global current health expenditure as a share of the GDP in was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. After the seventh consecutive increasing year, the share is estimated to reach **** percent and therefore a new peak in 2029. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to *** countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like North America and the Americas.

Yemen YE: Current Health Expenditure: % of GDP data was reported at 5.983 % in 2015. This records an increase from the previous number of 5.637 % for 2014. Yemen YE: Current Health Expenditure: % of GDP data is updated yearly, averaging 5.022 % from Dec 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 5.983 % in 2015 and a record low of 4.139 % in 2000. Yemen YE: Current Health Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Yemen – Table YE.World Bank: Health Statistics. Level of current health expenditure expressed as a percentage of GDP. Estimates of current health expenditures include healthcare goods and services consumed during each year. This indicator does not include capital health expenditures such as buildings, machinery, IT and stocks of vaccines for emergency or outbreaks.; ; World Health Organization Global Health Expenditure database (http://apps.who.int/nha/database).; Weighted Average;

Liberia Current Health Expenditure jumped by 3.8% in 2019, compared to a year earlier.

Jordan JO: Current Health Expenditure: % of GDP data was reported at 6.284 % in 2015. This records a decrease from the previous number of 7.414 % for 2014. Jordan JO: Current Health Expenditure: % of GDP data is updated yearly, averaging 8.547 % from Dec 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 9.884 % in 2001 and a record low of 6.284 % in 2015. Jordan JO: Current Health Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jordan – Table JO.World Bank: Health Statistics. Level of current health expenditure expressed as a percentage of GDP. Estimates of current health expenditures include healthcare goods and services consumed during each year. This indicator does not include capital health expenditures such as buildings, machinery, IT and stocks of vaccines for emergency or outbreaks.; ; World Health Organization Global Health Expenditure database (http://apps.who.int/nha/database).; Weighted Average;

In 2024, the National Capital Region (NCR) registered the highest current health spending in the Philippines, amounting to about ***** billion Philippine pesos. In comparison, the BARMM region registered the least amount of health spending of about ***** billion Philippine pesos in the same year.

Forecast: Current Health Expenditure in Indonesia 2024 - 2028 Discover more data with ReportLinker!

The total current health expenditure in the Philippines reached approximately **** trillion Philippine pesos in 2024, indicating a 19 percent growth from the previous year. The country’s health expenditure has gradually increased since 2014, apart from a slight decline in 2022. Health spending of Filipinos Spending over ****** Philippine pesos, every Filipino has seen an upward trend in its per capita spending on health except for 2022. Although the share of household out-of-pocket health payments has gradually declined since 2014, Filipinos still spend a significant amount of money to get medical help and support, especially from hospitals and providers of medical goods. Availability of health facilities  The continued increase in the population density of the Philippines challenges the sufficiency of health facilities that can cater to the needs of its people, especially those that can provide specialized care and services. Out of the nearly ****** health centers available in the Philippines in 2024, about ** percent were barangay health stations. A barangay is a small district in the Philippines that has its own local level of government with about 50 to 100 families. Such facilities provide basic health services including primary health care, first aid, disease diagnosis, and maternal and childcare. However, the range of services available still depends on the equipment and health providers available in the area.

Filipinos spent about ****** Philippine pesos on health in 2023, indicating an eight percent growth from the previous year. The National Capital Region had the highest health expenditures in that year. Rising current health expenditures The country’s health spending has been steadily rising in the past few years, reaching its peak value in 2023. Increased healthcare spending was particularly noted between 2020 and 2021 when the COVID-19 pandemic hit, as Filipinos purchased more essential health products and medicines to better protect themselves from the virus. Factors contributing to increased health spending In addition to the coronavirus pandemic, high inflation rates in the Philippines, fueled the increasing prices of medicines and other pharmaceutical goods. To lower the prices of medicines, the government has been encouraging foreign pharmaceutical firms to establish facilities in the country to increase local production. Discussions were being held between pharmaceutical firms such as in India, which was the leading source of pharmaceutical imports to the Philippines.

Context

This indicator calculates the average expenditure on health per person. It contributes to understand the health expenditure relative to the population size facilitating international comparison. The Organization for Economic Co-operation and Development (OECD) defines current health spending as:

Health spending measures the final consumption of health care goods and services (i.e. current health expenditure) including personal health care (curative care, rehabilitative care, long-term care, ancillary services and medical goods) and collective services (prevention and public health services as well as health administration), but excluding spending on investments. Health care is financed through a mix of financing arrangements including government spending and compulsory health insurance (“Government/compulsory”) as well as voluntary health insurance and private funds such as households’ out-of-pocket payments, NGOs and private corporations (“Voluntary”). This indicator is presented as a total and by type of financing (“Government/compulsory”, “Voluntary”, “Out-of-pocket”) and is measured as a share of GDP, as a share of total health spending and in USD per capita (using economy-wide PPPs).

OECD (2020), Health spending (indicator). doi: 10.1787/8643de7e-en (Accessed on 19 September 2020)

Among OECD member countries, the United States had the highest percentage of gross domestic product spent on health care as of 2023. The U.S. spent nearly ** percent of its GDP on health care services. Germany, France and Japan followed the U.S. with distinctly smaller percentages. The United States had both significantly higher private and public spending on health compared with other developed countries. Why compare OECD countries?OECD stands for Organization for Economic Co-operation and Development. It is an economic organization consisting of ** members, mostly high-income countries and committed to democratic principles and market economy. This makes OECD statistics more comparable than statistics of developed and undeveloped countries. Health economics is an important matter for the OECD, even more since increasing health costs and an aging population have become an issue for many developed countries. Health costs in the U.S.  A higher GDP share spent on health care does not automatically lead to a better functioning health system. In the case of the U.S., high spending is mainly because of higher costs and prices, not due to higher utilization. For example, physicians’ salaries are much higher in the U.S. than in other comparable countries. A doctor in the U.S. earns almost twice as much as the average physician in Germany. Pharmaceutical spending per capita is also distinctly higher in the United States. Furthermore, the U.S. also spends more on health administrative costs compare to other wealthy countries.

Laos LA: External Health Expenditure: % of Current Health Expenditure data was reported at 16.962 % in 2015. This records an increase from the previous number of 16.789 % for 2014. Laos LA: External Health Expenditure: % of Current Health Expenditure data is updated yearly, averaging 17.517 % from Dec 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 27.605 % in 2011 and a record low of 9.305 % in 2001. Laos LA: External Health Expenditure: % of Current Health Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.World Bank: Health Statistics. Share of current health expenditures funded from external sources. External sources compose of direct foreign transfers and foreign transfers distributed by government encompassing all financial inflows into the national health system from outside the country. External sources either flow through the government scheme or are channeled through non-governmental organizations or other schemes.; ; World Health Organization Global Health Expenditure database (http://apps.who.int/nha/database).; Weighted Average;

In 2024, Kuwait had the highest health expenditure as a percent of their gross domestic product (GDP) among the Gulf Cooperation Council (GCC) countries at *** percent. In comparison, Qatar had a *** percent share of current health expenditure to GDP ratio.

Global Current Health Expenditure by Country, 2023 Discover more data with ReportLinker!

In 2023, U.S. national health expenditure as a share of its gross domestic product (GDP) reached 17.6 percent, this was an increase on the previous year. The United States has the highest health spending based on GDP share among developed countries. Both public and private health spending in the U.S. is much higher than other developed countries. Why the U.S. pays so much moreWhile private health spending in Canada stays at around three percent and in Germany under two percent of the gross domestic product, it is nearly nine percent in the United States. Another reason for high costs can be found in physicians’ salaries, which are much higher in the U.S. than in other wealthy countries. A general practitioner in the U.S. earns nearly twice as much as the average physician in other high-income countries. Additionally, medicine spending per capita is also significantly higher in the United States. Finally, inflated health care administration costs are another of the predominant factors which make health care spending in the U.S. out of proportion. It is important to state that Americans do not pay more because they have a higher health care utilization, but mainly because of higher prices. Expected developmentsBy 2031, it is expected that health care spending in the U.S. will reach nearly one fifth of the nation’s gross domestic product. Or in dollar-terms, health care expenditures will accumulate to about seven trillion U.S. dollars in total.

Forecast: Current Health Expenditure in the US 2024 - 2028 Discover more data with ReportLinker!

In 2023, health spending in South Korea amounted to *** trillion South Korean won. This represents an increase from the previous year, and continues a trend of annual growth. Between 1970 and 2023, health expenditure increased by about ******* percent, first exceeding 100 trillion won in 2014.

Global Current Health Expenditure Per Capita by Country, 2023 Discover more data with ReportLinker!

Forecast: Current Health Expenditure in China 2024 - 2028 Discover more data with ReportLinker!

Per capita national health expenditures in the United States have increased significantly since 1960. In 2023, national health expenditures amounted to **** thousand U.S. dollars per capita. For comparison, in 1960, per capital expenditures for health stood at *** U.S. dollars. According to recent data, the U.S. has some of the highest health care costs in the world. Health care expenditures With increased per capita health expenditures, U.S. health care expenditures as a percentage of the gross domestic product (GDP) have also increased over the decades. Among developed countries, the U.S. has the highest health expenditure as a proportion of the GDP. The high level of health costs in the U.S. may be attributable to high costs for prescribed drugs and health services as well as high administrative costs. Cost areas A large proportion of all health care spending in the U.S. is attributable to hospital care and physician and clinical services. In recent years, many sectors have seen an increase in health care spending. However, data suggests that prescription drugs have seen some of the most dramatic increases in spending in recent years. The annual prescription drug expenditures in the U.S. reached an all-time high by the end of 2022.

Health expenditure per capita of Japan slumped by 13.23% from 4,483 US dollars in 2021 to 3,889 US dollars in 2022. Since the 1.25% rise in 2020, health expenditure per capita dropped by 13.31% in 2022. Current expenditures on health per capita in current US dollars. Estimates of current health expenditures include healthcare goods and services consumed during each year.