In 2023, New Zealand led global public spending on incapacity at 2.29% of GDP, while the United States stood at 0.99%. South Korea, Costa Rica, and Mexico followed with values of 0.65%, 0.067%, and 0.05%, respectively. Notably, year-on-year changes indicate that only South Korea, Costa Rica, and Mexico saw increases of 1.31%, 1.24%, and 1.25%, while New Zealand and the United States experienced reductions of 0.72% and 0.42%.
Future trends to watch include potential policy shifts towards inclusive health strategies, which might lead to increases in incapacity spending. Additionally, economic fluctuations and demographic shifts could impact the allocation of funds in this sector.
Top countries in Total Public Spending on Incapacity by Country
| # | 5 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 2.29 | 2023 | -0.74% | -0.72% | View data |
| 2 | 2 United States | 0.99 | 2023 | -0.7% | -0.42% | View data |
| 3 | 3 South Korea | 0.65 | 2023 | +1.25% | +1.31% | View data |
| 4 | 4 Costa Rica | 0.067 | 2023 | 0% | +1.24% | View data |
| 5 | 5 Mexico | 0.05 | 2023 | +2.04% | +1.25% | View data |
