In 2024, South Africa leads in global voluntary health expenditures with 55.65% of total health expenditure, followed by Greece at 41.17%. Slovenia at 25.78%, Colombia at 21.9%, and Finland at 21.69% have moderate levels. Romania (19.65%), Iceland (15.74%), and Japan (15.54%) have comparatively lower values.
Year-on-year data for 2023 indicates slight declines for all countries, with Finland showing the highest annual reduction at 1.21%, while Greece experienced the smallest decline at 0.13%. Iceland reported a significant drop of 2.13%, the largest among the countries listed. Over the last five years, the compound annual growth rate (CAGR) will help in understanding a broader trend.
Future trends to watch include:
- The impact of economic conditions on voluntary health expenditure in developing countries.
- Changes in government policies and their influence on private health spending globally.
- Technological advancements in healthcare and their effect on costs.
Top countries in Voluntary Health Expenditures by Country
| # | 8 Countries | Percent of Health Expenditure | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 55.65 | 2023 | -0.42% | -0.44% | View data |
| 2 | 2 Greece | 41.17 | 2023 | +0.44% | -0.13% | View data |
| 3 | 3 Slovenia | 25.78 | 2023 | -0.26% | -1.05% | View data |
| 4 | 4 Colombia | 21.9 | 2023 | -0.73% | -0.74% | View data |
| 5 | 5 Finland | 21.69 | 2023 | -0.0046% | -1.21% | View data |
| 6 | 6 Romania | 19.65 | 2023 | -0.3% | -0.62% | View data |
| 7 | 7 Iceland | 15.74 | 2023 | -1.57% | -2.13% | View data |
| 8 | 8 Japan | 15.54 | 2023 | -0.75% | -0.86% | View data |
