Global overview of Healthcare

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Global health is an area for study, research, and practice that places a priority on improving health and achieving health equity for all people worldwide. 

How Much Money is Spent on Healthcare Globally?

The 2020 Report analyses global health spending for 190 countries from 2000 to 2018 and provides insights as to the health spending trajectory from the MDG era to the SDG era prior to the crisis of 2020. The report shows that global spending on health continually rose between 2000 and 2018 and reached US$ 8.3 trillion or 10% of global GDP. The data also show that out-of-pocket spending has remained high in low and lower-middle income countries, representing greater than 40% of total health spending in 2018. We also report and summarize the data on expenditures for PHC, as well as by disease and intervention, including for immunization. The report also analyzes the available data on budget allocation in response to the COVID-19 crisis. In addition, we combine World Bank/IMF projections of the macroeconomic and fiscal impact of the crisis with an analysis of the historical determinants of health spending patterns and UHC indicators, and based on this, we draw out the likely implications of 2020 for future health spending, highlighting key policy and monitoring concerns.

Source : WHO

Current Healthcare Expenditures

Let’s take a closer look at current expenditures of healthcare. On average, 9.83% of the world's GDP is spent on healthcare.

On average, 1115.01$ are spent per person globally in the field of health.

Health spending as percent of GDP - Country rankings

Health spending as percent of GDP, 2019 - Country rankings: The average for 2019 based on 181 countries was 6.52 percent.The highest value was in Tuvalu: 23.96 percent and the lowest value was in Monaco: 1.53 percent. The indicator is available from 2000 to 2019. Below is a chart for all countries where data are available.

How Are Countries with Top Healthcare Facilities Determined?

It’s not always necessary for a country which spends a high percentage of its GDP on healthcare to have the best healthcare systems. It is determined by many factors like:

• Healthcare Index

• Infrastructure 

• Professionals

• Cost of Facicilites

• Medicine Availability

• Government Readiness

Countries with Top Healthcare Systems

South Korea has the best healthcare systems in the world, that’s according to the 2021 edition of the CEOWORLD magazine Health Care Index, which ranks 89 countries according to factors that contribute to overall health.

Two additional Asian nations were among the top 10 in 2021: Taiwan (second place) and Japan (fifth). As for European countries, they occupy SIX of the top TEN spots in this year’s ranking: Denmark (3rd place) Austria (4th place),  France (7th), Spain (8th),  Belgium (9th), and the United Kingdom 10th place.

Of the 89 countries surveyed, South Korea’s healthcare comes in 1st place on the list scoring 78.72 out of 100 on the Health Care Index. At the opposite end of the spectrum, with a score of 33.42, Venezuela top the list of the countries with the worst health care systems for 2021.

 

The Health Care Index is a statistical analysis of the overall quality of the healthcare system, including health care infrastructure; health care professionals (doctors, nursing staff, and other health workers) competencies; cost (USD p.a.per capita); quality medicine availability, and government readiness. It also takes into consideration other factors including, environmental, access to clean water, sanitation, government readiness on imposing penalties on risks such as tobacco use, and obesity. The ranking looks at 89 countries around the world on five different health variables.