Attitudes towards health and the health system in Russia 2020
Who spends the most on healthcare?
When it comes to expenditures on health as a percent of GDP among the OECD member countries, Russia lies at the bottom end of this list in 2018: Expenditure on healthcare accounts for just 5.3 percent of the country’s GDP in that year. On the contrary, United States spends almost 17 percent of its GDP on this sector, making it the top spender on healthcare services around the world.
Impact of COVID-19 on the Russian economy
After the first two coronavirus cases in Russia were confirmed at the end of January 2020, the country became one of the hardest hit nations in Europe by this pandemic. As of April 2020, more than 60,000 COVID-19 cases were reported in the Eastern European nation, with every Russian region having had a confirmed case of this disease.
Restrictions imposed due to the pandemic in 2020 influence daily life and everyday businesses, while the Russian GDP is forecasted to drop somewhere between 3 to 5 percent in 2020. Sectors like tourism, aviation and entertainment among many others are expected to be the ones which will be hardly hit, and in April 2020, the Russian Ruble also observed a significant depreciation as a result of this disease.