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How countries spend money - interesting infographic

Discussion in 'Property Market Economics' started by srirang, 18th Sep, 2015.

  1. srirang

    srirang Well-Known Member

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    Came across this today in my news feed.

    [​IMG]
     
    Taku Ekanayake, HUGH72 and Befuddled like this.
  2. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    It would be interesting to see what the governments spend money on. Do you have the source?
     
  3. srirang

    srirang Well-Known Member

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  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    Russia seems to be from one extreme to the other.
     
  5. srirang

    srirang Well-Known Member

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    Also, it would be interesting to add taxes as a line item
     
  6. Esel

    Esel Well-Known Member

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    Pretty sad that people in the USA have to spend so much on healthcare when they have very average outcomes.

    Australia Spends the second highest amount on education, i wonder if we have the second highest results?

    in general it looks like a highly privitised health and education sector are not the most efficent use of resources. Which is logical when private companies are creaming off profits.
     
    2FAST4U likes this.
  7. 2FAST4U

    2FAST4U Well-Known Member

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    Russians love their booze.
     
  8. srirang

    srirang Well-Known Member

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    Also, conspicuously missing is China
     
  9. Kangabanga

    Kangabanga Well-Known Member

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    Eurostat probably couldn't get the numbers from China, China's pretty strict with what figures they allow the outside world to see.
     
  10. SouthBoy

    SouthBoy Well-Known Member

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    Australia and Canada have very similar trends, although Canada is right next to USA
     
  11. 2FAST4U

    2FAST4U Well-Known Member

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    True. Main difference seems to be that we spend more on health and education, which isn't surprising considering that our health system is slowly being privatised.
     
  12. Waterboy

    Waterboy Well-Known Member

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    Americans spend a lot on health?
    They don't have Medicare (universal healthcare).
     
  13. Esel

    Esel Well-Known Member

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    healthcare has to be paid for in all of those regions/countries, but in some of the areas from the graph people pay for a lot of it through taxes. The stats in the graph include household spending on taxes. The USA has a very expensive and inefficient way of funding healthcare.
     
  14. THX

    THX Well-Known Member

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    It's simple, if you have the money you get the best healthcare in the world in the U.S. If you don't you don't. For the rest of us, we get neither the best nor the worst, just average. One should remember for all the criticism thrown at the U.S. healthcare system; the U.S. citizen is paying not just their own, but most of the worlds healthcare.
     
  15. LibGS

    LibGS Well-Known Member

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    Did you make that up? Forbes disagrees with you.

    http://www.forbes.com/sites/danmunr...ked-dead-last-compared-to-10-other-countries/
     
  16. THX

    THX Well-Known Member

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    Last edited: 19th Sep, 2015
  17. Brickbybrick

    Brickbybrick Member

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    How so?
     
  18. Esel

    Esel Well-Known Member

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    What do you mean they have access to the best healthcare in the world? I dont think its any better than anywhere else. Do the wealthy in the america live any longer than the wealthy in Japan or France or cubans? I doubt it, they just have to pay more for it to subsidise things like marketing, advertising and insurance (for drs).

    Its in everyones interest to have a healthy population as we all benefit.
     
  19. Fargo

    Fargo Well-Known Member

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    Based on what? Healthcare in the USA is a DISGRACE and a RIP OFF, it is profit driven. After my MIL in the USA had a stroke she wasn't treated properly put in a nursing home, sat in a corner, drugged up fed, crappy fried food, she got fat and wasn't able to walk got confined to a wheel chair, while thy took her pension and got paid a fortune by the government to keep her there. The BS, hoops and red tape we had to go through just to get her let out for a few hours to visit her daughter was ridiculous, even had to wait for the house to be inspected and approved. They said she wasn't fit to travel, eventually they let her out for a few hours in which she was whisked away to the airport and put on a plane to the Phillipines She was much better in hours after the drugs wore off, with decent food and physiotherapy ( which only cost about $20 a week) she was walking in weeks. My FIL also ended up not being confined to a bed for years and not being able to leave the hospital because he had wrong treatment on admission.
     
  20. LibGS

    LibGS Well-Known Member

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    You sound like a politician. Asking and answering your own questions, and and dismissing any position that differs from you own. Looks like I'm not the only one calling you out. Have a great day.