In 2024, the European countries with the highest healthcare expenditure as a percentage of GDP are Germany (13.18%), Austria (13.12%), and France (12.54%). Countries such as Latvia (12.2%) and Cyprus (11.64%) also show a significant expenditure, reflecting their commitment to healthcare. Over the past two years, Latvia experienced a notable increase (+14.53%), whereas Ireland showed a decline (-2.06%). The five-year CAGR trend indicates a rising investment in healthcare across Europe, driven by countries like Austria and Malta, which observed substantial year-over-year growth.
Future trends to watch include the impact of aging populations, technological advancements, and post-pandemic policy shifts on healthcare expenditure across Europe. Increased focus on preventive care and digital health initiatives are likely to shape healthcare investments. Countries with substantial year-on-year growth may continue to see elevated spending rates as they strive to improve healthcare infrastructure and outcomes.
Top countries in Healthcare Expenditure on Current Healthcare Expenditure by Healthcare Providers by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13.18 | 2023 | +1% | +2.8% | View data |
| 2 | 2 Austria | 13.12 | 2023 | +3.55% | +4.86% | View data |
| 3 | 3 France | 12.54 | 2023 | +0.97% | +2.27% | View data |
| 4 | 4 Latvia | 12.2 | 2023 | +14.88% | +14.53% | View data |
| 5 | 5 Switzerland | 11.95 | 2023 | +1.27% | +2.1% | View data |
| 6 | 6 Norway | 11.76 | 2023 | +1.99% | +3.25% | View data |
| 7 | 7 Cyprus | 11.64 | 2023 | +10.44% | +11.19% | View data |
| 8 | 8 Netherlands | 11.56 | 2023 | +1.14% | +2.9% | View data |
| 9 | 9 Portugal | 11.29 | 2023 | +0.98% | +3.71% | View data |
| 10 | 10 Sweden | 11.26 | 2023 | +0.45% | +0.58% | View data |
