Among OECD member countries, the United States had the highest percentage of gross domestic product spent on health care in 2019. The U.S. spent nearly 17 percent of its GDP on health care services. Germany, Switzerland, and France 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 36 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 16, 2021). Health expenditure as a percentage of gross domestic product (GDP) in selected countries in 2019 [Graph]. In Statista. Retrieved May 17, 2022, 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 in 2019." Chart. September 16, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/
OECD. (2021). Health expenditure as a percentage of gross domestic product (GDP) in selected countries in 2019. Statista. Statista Inc.. Accessed: May 17, 2022. 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 in 2019." Statista, Statista Inc., 16 Sep 2021, 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 in 2019 Statista, https://www.statista.com/statistics/268826/health-expenditure-as-gdp-percentage-in-oecd-countries/ (last visited May 17, 2022)