Companies / South Korea
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Korea's Low Health Spend Set To Continue
August 2006 | Market Trend AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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South Korea has the lowest healthcare expenditure out of all Organisation for Economic Co-operation and Development (OECD) members. The country spent just 5.6% of its GDP on health in 2004, with average expenditure standing at 8.9%. The US leads the rankings, spending 15.3% of GDP on health, although this is due primarily to the exorbitant cost of both pharmaceuticals and healthcare in the