By Euro Weekly News Media •
Published: 30 Sep 2018 • 10:00
SPANISH healthcare is the most efficient in Europe and ranks third in the world, according to statistics released by data analysis firm Bloomberg.
This is the second year running the country has come out on top when pitted financially against its European counterparts, and sits behind Hong Kong and Singapore globally.
Of the 56 systems assessed, the UK lies in 35th position, with the last three positions in the table occupied by Azerbaijan, America and Bulgaria.
The company analysed each health system’s Gross Domestic Product (GDP) which measures the value of economic activity within a country.
It found that in Spain, it accounts for 9.2 per cent of GDP, and per person amounts to €2,000.
The most expensive system is in America, where it represents 18.8 per cent of (GDP), about 8,100 per person.
The study also takes into account life expectancy, which in Spain is on average 82.8 years, with an efficiency index of 69.3.
Bloomberg measures efficiency using metrics such as life expectancy along with health expenditures. Hong Kong, top of the table, has a ratio of 87.3 and a life expectancy of 84.3 years.
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