This week, the World Health Organization published its 2023 global health expenditure report, revealing how much of a financial toll COVID-19 took on health systems worldwide. According to the report, spending on health in 2021 reached a new high of $9.8 trillion, an estimated 10.3 percent of global gross domestic product (GDP).
While the report found that spending on health increased across the world, low-income countries only accounted for 0.24 percent of global health expenditure, despite having 8 percent of the world’s population. Taking a deeper look, the report stated that 11 percent of the world’s population lived in countries that spent less than $50 per person, per year on health. In contrast, the average per capita spending was an estimated $4,000 in high-income countries. The WHO said that the report highlights how the growth in disparities can’t be sustained long-term, and that universal health coverage is desperately needed.
