Spending on healthcare as proportion of Hong Kong’s GDP grows by 50%

Healthcare expenditure as a proportion of Hong Kong’s gross domestic product grew by nearly 50 per cent over the past decade, driven by the city’s ageing population, new data shows.
The domestic health accounts for the 2023-24 financial year, revealed by the Health Bureau on Thursday, detailed the spending trends and levels in both the public and private sectors.
Hong Kong spent HK$130 billion of public money on healthcare in those 12 months, or 4.3 per cent of GDP.
The amount was a sharp rise…