UK health expenditure
Health expenditure measures the total amount of money spent by a country on health care goods and services in a year. The data can be measured per capita or as a percentage of Gross Domestic Product (GDP). Health expenditure is converted to a common currency (US$) and adjusted by purchasing power parity (PPP) to make values comparable.
The Organisation for Economic Co-operation and Development's (OECD) System of Health Accounts 2011 introduced a new systematic description of the financial flows relating to health expenditure, and as more countries have adopted this framework of health accounting the data produced has become much more comparable and relevant to policy. In 2016, the UK implemented this system of health accounts and health expenditure data from 2013 onwards has been adjusted to comply with this. See this Nuffield Trust blog for more information.
The Organisation for Economic Co-operation and Development (OECD) defines health expenditure as the final consumption of health care goods and services including personal health care and collective services, but excluding spending on investments. Health expenditure per capita includes government spending and compulsory health insurance as well as voluntary health insurance and private funding such as out-of-pocket payments.