Which country spends the largest fraction of its GDP on healthcare?
Asked by: Karelle Nader | Last update: October 2, 2025Score: 4.8/5 (13 votes)
Which country spends the largest fraction of their GDP on healthcare?
In 2021, the U.S. spent 17.8 percent of gross domestic product (GDP) on health care, nearly twice as much as the average OECD country. Health spending per person in the U.S. was nearly two times higher than in the closest country, Germany, and four times higher than in South Korea.
Which country spends the most per GDP on healthcare?
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.
Does the US spend the most on healthcare in the world?
The United States Spends More on Healthcare per Person than Other Wealthy Countries. The amount of resources a country allocates for healthcare varies as each country has its own political, economic, and social attributes that help determine how much it will spend.
Who is the largest consumer of healthcare?
The U.S. continues to spend the most on healthcare per person, even though outcomes and quality of care are not often ranked highest.
Growth in healthcare spending outpaces growth in GDP
Who is number 1 in healthcare in the world?
According to the index, Singapore ranks first for healthcare, followed by Japan in second place and South Korea in third. In contrast, the United States ranks much lower, coming in at 69th place in this assessment. The full rankings are listed below.
What percentage of GDP is spent on healthcare?
The data are presented by type of service, sources of funding, and type of sponsor. U.S. health care spending grew 7.5 percent in 2023, reaching $4.9 trillion or $14,570 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.6 percent.
Where does America rank in healthcare?
The US health care system ranked last overall among 10 other high-income countries on key issues such as equity, access to care, and outcome measures, according to a new report, Mirror, Mirror 2024: A Portrait of the Failing US Health System, by The Commonwealth Fund.
What country spends the least on healthcare?
The countries with the lowest governmental health expenditure include South Sudan, Eritrea and Bangladesh. In 2021 the U.S. national health expenditure was at an all-time high. However, the projections indicate that total health expenditures will increase even more.
What happens in America if you can't afford healthcare?
Americans are no longer taxed for not carrying health insurance. Medical debt contributes to a large number of bankruptcies in America. Access to quality primary care is critical, but doctors have the right to refuse patients without insurance or who are able to pay out-of-pocket expenses.
Why can't the US have universal healthcare?
In the United States, everyone selfidentifies as middle class. This leads to a very simple syllogism about why the United States has no universal health insurance: there is no self-identified working class—no labor party, no national health insurance. It is hard to disconfirm that syllogism.
Which country has the highest paying healthcare?
Topping our list is Luxembourg, a small yet prosperous country known for its thriving economy and high standard of living. Doctors in Luxembourg enjoy some of the highest salaries in the world, along with excellent working conditions and ample opportunities for professional growth.
What country spends the most on education?
Per Capita Education Spending (2023): $12,324
Liechtenstein ranks number one on our list of countries that spend the most on education per capita. The country spends 6.24% of its GDP on education.
Which healthcare system is better, the US or the UK?
Is healthcare better in the UK or the US? According to the Commonwealth Fund's analysis, the UK healthcare system ranks better than the US system, with the US ranking 11th and the UK ranking 4th in their latest report. This suggests that healthcare in the UK is better overall.
What percentage of the US GDP is spent on healthcare quizlet?
About 18.3% of the GDP in the US is spent on healthcare according to data from 2021.
Which country has the most expensive healthcare system?
The United States: the world's highest medical expenses
The United States has the most expensive healthcare system of any country. A medical consultation with a general practitioner costs, on average, $190 or around €170. A stay in hospital can result in bills amounting to tens or even hundreds of thousands of dollars.
Who spends the most on healthcare?
Health Expenditure in the U.S.
The United States is the highest spending country worldwide when it comes to health care. In 2022, total health expenditure in the U.S. exceeded four trillion dollars. Expenditure as a percentage of GDP is projected to increase to approximately 20 percent by the year 2031.
What country has completely free healthcare?
However, Brazil is the only country in the world that offers free healthcare for all its citizens. Also, Norway is the first country in the world to implement a free healthcare policy as far back as 1912. Coincidentally, Norway is recognized as one of the healthiest countries in the world.
What state is #1 in healthcare?
Hawaii, Massachusetts, Minnesota, Iowa, and Connecticut are the top-ranked states according to the 2020 Scorecard, which assesses all 50 states and the District of Columbia on more than 45 measures of access to health care, quality of care, service use and costs of care, health outcomes, and income-based health care ...
What is the healthiest country in the world?
According to the index, Spain takes the top spot as the healthiest country in 2024. This impressive feat is attributed to a robust public healthcare system, readily available preventive care, and the widely celebrated Mediterranean diet.
Why does the US rank so low in healthcare?
Advanced medical care out of reach for many
Many of America's most vulnerable, including racial minorities and people with low incomes, are uninsured or underinsured, Gostin noted. Given the high cost of medical services, many people delay or avoid care.
Why is US healthcare so expensive compared to other countries?
While it is true that many brand-name retail prescription drugs are priced higher in the U.S. than in peer countries, health spending data indicates that other spending categories – particularly hospital and physician payments – are primary drivers of the U.S.'s higher health spending.
Is healthcare free in Germany for non-citizens?
No, healthcare in Germany isn't free for foreigners. If you're a foreigner on holiday in Germany, you can use your EHIC (for EU residents) or GHIC (for UK residents) to get medical care through the public healthcare system.
Is healthcare free in Canada?
In Canada's health care system, some services are free at the point of service while others require the patient to pay a fee. Roughly 70% of health care spending in Canada is covered by the government, paid for with tax dollars. (Some of those services may still require some payment from the patient.)