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Household Consumption Expenditure on Health in Belgium (2010 - 2020, $ Billion)

  • Belgium had $16.8 billion household consumption expenditure on health in 2020 
  • Household consumption expenditure on health in Belgium decreased by 10.2% on a year-on-year basis in 2020
  • Between 2010-2020, the household consumption expenditure on health in Belgium increased by 7%

Belgium: Household Consumption Expenditure on Health

Household Consumption Expenditure on Health in Belgium

Household consumption expenditure on health in Belgium attained a value of $16.8 billion in 2021. It recorded a decline of 10.2% in 2021 compared to the previous year. Between 2010-2021, household consumption expenditure on health in Belgium increased by 7%. The indicator in Belgium was highest in the years 2018 and 2019 and lowest in the year 2010, between 2010 and 2021.

This indicator refers to household consumption expenditure on health. Data includes expenditures incurred by resident households on health, which includes spending on medical and pharmaceutical products, healthcare services (physicians, hospitals, and nursing homes), and paramedical services. Data is primarily sourced from household budget surveys, consumer expenditure, and national accounts datasets, hence there may be definitional or methodological differences between countries.

Household Consumption Expenditure on Health: Global Scenario

According to GlobalData, the countries with the highest household consumption expenditure on health in 2020 were the United States, Germany, France, Taiwan, Australia, Italy, Canada, Spain, Mexico, and Poland.

Montenegro, Mongolia, Iceland, Malta, Namibia, Cyprus, Estonia, Bosnia and Herzegovina, Luxembourg, and Latvia were some of the countries with the lowest household consumption expenditure on health in 2020.

Between 2010 and 2020, Hong Kong, Mongolia, Azerbaijan, Bulgaria, Thailand, Estonia, Israel, Poland, Ukraine, and Malta were some of the countries with the highest growth in household consumption expenditure on health. Cyprus, Turkey, Greece, Namibia, France, Portugal, Norway, Mexico, Canada, and Italy were some of the countries with the lowest growth in household consumption expenditure on health.

Global Health Spending

According to the WHO, global spending on health has more than doubled in real terms in the last two decades. Government spending predominated in high-income countries, whereas out-of-pocket spending and foreign aid accounted for the majority of health spending in low-income nations. In the last two decades, out-of-pocket expenditure increased across all income categories on a per capita basis but decreased as a share of the overall health spending.

Explore Belgium's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Explore Belgium's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Visit Report Store
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