Health Economy Reporting

The He­alth Eco­no­my – Ro­bust sec­tor and sta­bi­li­zing fac­tor in times of eco­no­mic cri­ses

Health expenditures have increased over the past decades and, therefore, healthcare has been considered an economic burden. At WifOR, we are fostering a shift away from the political decision maker’s view of considering healthcare as a cost factor and towards a new perception of health as a smart investment. 

Our Health Economy Reporting (HER) provides a structured approach for governments, the private sector, and public stakeholders to better understand the size, impact, and importance of the health economy. Acknowledged by the High-Level Commission on Health Employment and Economic Growth (World Health Organization 2016), HER is a useful tool for advocacy and capacity building. It enables an evidence-based health policy that steers and guides investments for health, employment and sustainable growth. 

Our research quantifies the Health Economy in a new way and show the sector’s contribution to economic prosperity and employment along the value chain of health. What is more, due to its structure, the Health Economy is a stabilizing pillar for economies in times of economic crises. For instance, the sector’s contribution to Germany’s economic performance increased significantly during the global financial and economic crisis in 2009. 

Country


    Gross value added of the Health Economy

    Share in the overall economy
    in


    Employment in the Health Economy

    Share in the overall labor market
    in

    HER is an evidence-based monitoring tool that analyses the entire value chain of health and enables the comparison of the Health Economy and its sub-sectors to other important economic sectors. It aligns health expenditure data (surveys etc.) to national accounts allowing monitoring and planning of the Health Economy as a distinct and promising part of the overall national economy.

    The calculations provided on this page are based on the following publicly accessible sources:

    International values: Our calculations are based on Data by the World Input-Output Database and The Eora Global Supply Chain Database.

    German values: Bundesministerium für Wirtschaft und Energie (BMWi) (2021): Gesundheitswirtschaft – Fakten & Zahlen. Ergebnisse der Gesundheitswirtschaftlichen Gesamtrechnung, Ausgabe 2020

    Federal values: Bundesministerium für Wirtschaft und Energie (BMWi) (2020): Gesundheitswirtschaft – Fakten & Zahlen. Länderergebnisse der Gesundheitswirtschaftlichen Gesamtrechnung, Ausgabe 2019.

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    PRODUCTS IN THIS AREA

    Macroeconomic analyses of the health economy

    He­alth Eco­no­my Ana­ly­ses

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    The value of innovation

    So­ci­al im­pact of me­di­cal in­no­va­ti­on

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    Requirements on the job market

    Ana­ly­ses of skil­led labor

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