Figure P
Countries that invest more in health care experience slower growth in health care costs: Relationship between what each country spent annually on health care at the beginning of the study period (y-axis) and how much health care spending had grown annually as of 2017 (x-axis)
| Average annual growth, health expenditures as a share of GDP | Public health spending as share of GDP in year one |
|---|---|
| 9.967% | 2.790% |
| 11.666% | 2.944% |
| 9.688% | 5.635% |
| 8.634% | 4.469% |
| 5.524% | 6.422% |
| 9.023% | 3.553% |
| 13.349% | 3.881% |
| 11.828% | 4.080% |
| 9.938% | 2.967% |
| 7.991% | 3.132% |
| 4.655% | 3.735% |
| 2.068% | 4.715% |
| 7.693% | 5.407% |
| 13.581% | 3.045% |
| 9.969% | 3.879% |
| 8.357% | 4.075% |
| 13.566% | 3.625% |
| 14.306% | 1.276% |
| 12.119% | 2.012% |
| 8.921% | 4.612% |
| 13.355% | 4.979% |
| 12.162% | 3.429% |
| 23.735% | 2.318% |
Notes: We include only countries that had by 2010 achieved a level of productivity of at least 60 percent of that of the United States. “Year one” differs for each country because the earliest year of data availability differs, ranging from 1970 (for Austria, Canada, Finland, France, Germany, Iceland, Ireland) to 1971 (Australia, Denmark), 1972 (Netherlands), 1992 (Belgium), 1988 (Greece, Italy), 1979 (Sweden), and 1995 (Switzerland).
Source: Author’s analysis of OECD 2018a
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