Elderly ratio can drive LTC expenditure

Generally, a higher ratio of elderly in the population means more of the GDP is spent on long-term care. However, this is not a fixed rule. Greece, for example, has a elderly ratio of almost 23% but spends only 0.2% of the GDP on long-term care.

Scatter plot comparing the annual LTC expenditure as % of GDP with the elderly ratio in OECD countries.
*LTC Expenditure does not include social LTC (primarily Instrumental Activities of Daily Living (IADLs) and other social activities).
Chart: A-Mark FoundationSource: OECD, The World Bank Gender Data PortalGet the dataCreated with Datawrapper