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 16 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 38 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.
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OECD. (September 9, 2024). Health expenditure as a percentage of gross domestic product (GDP) in selected countries as of 2023 [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/
OECD. "Health expenditure as a percentage of gross domestic product (GDP) in selected countries as of 2023." Chart. September 9, 2024. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/
OECD. (2024). Health expenditure as a percentage of gross domestic product (GDP) in selected countries as of 2023. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/
OECD. "Health Expenditure as a Percentage of Gross Domestic Product (Gdp) in Selected Countries as of 2023." Statista, Statista Inc., 9 Sep 2024, https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/
OECD, Health expenditure as a percentage of gross domestic product (GDP) in selected countries as of 2023 Statista, https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/ (last visited November 04, 2024)
Health expenditure as a percentage of gross domestic product (GDP) in selected countries as of 2023 [Graph], OECD, September 9, 2024. [Online]. Available: https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/