The 2024 European healthcare expenditure on medical practices reveals a significant variation among countries. Latvia leads with 2.87% of its GDP, experiencing a substantial year-on-year increase of 45.51%, indicating a strong investment in healthcare infrastructure. Switzerland, Germany, and Austria exhibit more moderate increases. Contrarily, Belgium and Spain see slight decreases. Most notable is Slovenia, with a year-on-year increase of 14.3%, pointing towards enhanced healthcare reforms or increased spending in the sector.
Countries like Lithuania (-10.76%) and Bosnia and Herzegovina (-1.84%) exhibit nominal growth, while Romania (13.26%), Cyprus (7.95%), and Estonia (4.18%) showcase upward trends. Unexpectedly, Portugal and France have seen marginal decreases or minimal increases, respectively, suggesting potential budget reallocations or efficiency improvements in healthcare delivery.
Future trends to watch include:
- Continued high growth in Latvia and Slovenia, with potential spill-over effects on neighboring nations.- Moderate but steady increases in Western European countries like Germany and Switzerland.- Emerging growth in healthcare expenditure within Eastern and Southern European nations, particularly Romania and Cyprus.
Top countries in Healthcare Expenditure on Medical Practices by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 2.87 | 2023 | +34.74% | +45.51% | View data |
| 2 | 2 Switzerland | 1.82 | 2023 | +1.11% | +1.98% | View data |
| 3 | 3 Germany | 1.71 | 2023 | +0.59% | +1.72% | View data |
| 4 | 4 Belgium | 1.42 | 2023 | 0% | -1.09% | View data |
| 5 | 5 Austria | 1.38 | 2023 | +5.34% | +5.42% | View data |
| 6 | 6 Czech Republic | 1.26 | 2023 | +6.78% | +7.2% | View data |
| 7 | 7 Cyprus | 1.07 | 2023 | +1.9% | +7.95% | View data |
| 8 | 8 Portugal | 1.04 | 2023 | +0.97% | +0.39% | View data |
| 9 | 9 France | 0.94 | 2023 | 0% | -0.42% | View data |
| 10 | 10 Liechtenstein | 0.93 | 2023 | 0% | +1.34% | View data |
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