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by eru
495 days ago
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Depends on how you measure. Lots of health spending is labour costs, and our labour costs are higher. So percentage of GDP relatively closely tracks percentage of total working time. Also perhaps our more enlightened policies are helping us achieve that higher per capita GDP? |
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Singapore’s GDP per-capita is likely fairly inflated as it doesn’t correct for the effect of multinational tax planning by large corporations on the GDP statistics , unlike say Ireland.
See: https://en.m.wikipedia.org/wiki/Modified_gross_national_inco...