Health: Contribution of 3.8% to GDP
Health: Contribution of 3.8% to GDP
22/9/2008 12:47
According to a Eurostat annual report, the contribution of the health sector to GDP in 2006 stood at 3.8% in 2006. Value added in real terms, for the Health sector, increased by 3,3% compared to 2,4% increase that was realised in 2005.

At current market prices, value added in 2006 increased by 6,7% to £272,4 (€465,4) mn compared to £255,2 (€436,0) mn in 2005 and its contribution to G.D.P. was 3,8% in 2006, the same as in 2005. Gross output increased by 8,9% to £409,6 (€699,8) mn from £376,1 (€642,6) mn in 2005.

In the Private Health, the most important contribution to the total value added was generated through the Medical practice activities 26,9%, Hospital activities 23,1% and Other human health activities 15,8%. In the Public Health, the most important contribution to the total value added was generated through the Hospital activities 84,8%.

Employment in Health sector increased by 4,8% in 2006 compared to the previous year and reached 14.326 persons, accounting for 3,7% of the total economically active population and 4,0% of the total gainfully employed population.

Gross fixed capital formation in 2006 decreased by 8,3% to £23,2 (€39,6) mn from £25,3 (€43,2) mn in 2005. Investment in new buildings accounted for £11,4 (€19,5) mn, in machinery and equipment £9,1 (€15,5) mn, in furniture and fixtures £2,3 (€3,9) mn and in transport equipment £0,4 (€0,7) mn.

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