Thailand is now ranked 27th among 56 countries ranked on the Bloomberg Health Care Efficiency Index, up from 41st place last year, the biggest annual improvement in 2018
Thailand moved up 14 places to No. 27, as per-capita spending declined 40 percent to only $219, while life expectancy advanced to 75.1 years. Medical tourism industry is among Thailand’s fastest-growing industries.
The Bloomberg Health Care Efficiency Index ranks countries with an average population lifespan of at least 70 years, GDP per capita exceeding US$5,000 per year (about 162,000 baht) and a minimum population of 5 million.
By comparison, Hong Kong’s per capita spending on health care stands at US$2,222 (about 71,900 baht), while its average lifespan currently stands at 84.3 years, he said.
Only three Asean countries appear in this year’s index – Singapore in second place, Thailand 27th and Malaysia 29th.
Thailand fared better than many developed countries in the index, with the Netherlands ranking one place below the Kingdom at 28, United Kingdom ranking 35th, Denmark 41st, Germany 45th and the US 54th
In the Asia-Pacific, Thailand’s health care efficiency is ranked ninth — behind Hong Kong, Singapore, South Korea, Japan, Australia, Taiwan, New Zealand, and China
The top five spots on the index are claimed by Hong Kong, Singapore, Spain, Italy, and South Korea, respectively.
AstraZeneca Approves Thailand’s Vaccine Factory
Skin-lightening products market to reach US$31 billion by 2024
In emerging Asian and African economies, the natural aspiration to enhance one’s circumstances has led to rapid growth in the market for skin-lightening products, which is projected to reach US$31 billion by 2024.
Has Covid-19 prompted the Belt and Road Initiative to go green?
– Chinese overseas investment dropped off in 2020
– Government remains committed to the wide-ranging infrastructure programme
– Sustainability, health and digital to be the new cornerstones of the initiative
Following a year of coronavirus-related disruptions, China appears to be placing a greater focus on sustainable, digital and health-related projects in its flagship Belt and Road Initiative (BRI).
As OBG outlined in April last year, the onset of Covid-19 prompted questions about the future direction of the BRI.
Launched in 2013, the BRI is an ambitious international initiative that aims to revive ancient Silk Road trade routes through large-scale infrastructure development.
By the start of 2020 some 2951 BRI-linked projects – valued at a total of $3.9trn – were planned or under way across the world.
However, as borders closed and lockdowns were imposed, progress stalled on a number of major BRI infrastructure developments.
In June China’s Ministry of Foreign Affairs announced that 30-40% of BRI projects had been affected by the virus, while a further 20% had been “seriously affected”. Restrictions on the flow of Chinese workers and construction supplies were cited as factors behind project suspensions or slowdowns in Pakistan, Cambodia and Indonesia, among other countries.
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