Downtime has a high cost for businesses and governments

Fit Citizens Are Cheaper: The Global Health & Fitness Alliance (GHFA), in partnership with IHRSA, has released a Deloitte report showing the social and economic value of the global health and fitness industry.

The contribution of the fitness and health industry to economic performance

The most important facts in summary:

Here we go! Background and detailed information:

The report “Economic health and social well-being: Quantifying the impact of the global health and fitness sectorof the Global Health & Fitness Alliance (GHFA), IHRSA and Deloitte describes the Impact of the health and fitness industry on GDP and health systems all over the world and Activity levels in 46 different countries.

Therefore, the total influence amounts to up to $91.22 billion per year*.

*Some double counting has been detected in this number.

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the fitness and health industry makes one in the whole world significant contribution to employment and GDP. Your presence – through gyms, clubs and sports facilities – increases the level of regional activitythat Increase GDP and reduce healthcare costs Guides.

Evaluated industry data, studies and reports

By reviewing existing data, academic studies, and industry reports, the authors have developed a method that Demonstrate the impact of the industry on the economy..

In the first step, you have the Explanation of the economic effects of absenteeism and compulsory attendancein the second they affirmed how much idle workers cost the economy in each country.

Based on these results specific recommendations made will be the Invest a similar amount in measures to increase the activity level of the populationwould have a positive impact on GDP and on the health system, according to the authors of the study Pay after just one year.

Affected health systems around the world

For these conclusions, they had previously examined studies from the World Bank, the OECD and the World Health Organization (WHO) and scientific papers. Rand (2019), for example, found that people inactive due to Compulsory attendance Loses 2.6 to 3.71 days of work time.

already in the year 2013 Cost Inactivity global health systems $53.8 billionnoted a report published by The Lancet.

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The industry not only employs millions of people around the world and generates added value in billions for GDPbut also has a very positive impact on health outcomes. Thus saves the economy billions in healthcare costs and productivity benefits,” says the foreword to the GHFA and IHRSA report.

Country reports with detailed data

Each country section begins with the numbers of each country GDP per capita, to GDP spending on health (in percent), to per capita disposable income, aging trends and insufficient activity (in percentage) already obesityfollowed by Health trends, government initiatives and economic impacts.

Added value through the fitness industry

For Britain is generated by the health and fitness industry in a year 2021 for example one $3 billion in direct value appreciation and promoted one additional value added of US$1.5 billion through supply chains and 50,100 jobs.

Deloitte shows the result economic benefits for each inactive worker who is active become.

Take advantage of the positive effects of exercise

movement leads to a improvement in health statussuch as a reduced risk of cardiovascular disease, stroke, high blood pressure, type 2 diabetes, dementia, depression, anxiety, and various types of cancer.

the Linking the positive effects of physical activity to GDP and health care costs, as evidenced by that The promotion of physical activity relieves the health system and can increase GDP.

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According to the report inactivity costs the UK health system $4.3 billion annually, of which $3.6 billion are covered by the public health system. Every year in the UK go accordingly 43.8 million working days lost due to absenteeism and compulsory attendancecosting the British economy another $16.5 billion a year.

turns out each idle worker in the economy costs $1,713 per year. the investment a similar amount of $1,700 in support of an inactive person would take care pay in less than a year.

downtime costs

In the America costs inactivity to the health system $84.7 billion, each idle worker in the economy $3,447 per year. An investment of $3,000 it is recommended to Motivate inactive people to exercise regularly.

In Spain inactivity costs the health system $7.2 billion, 19.8 million work days are lost due to absenteeism and attendance, and each inactive person costs the economy $1,978 (recommended Investment of $2,000 per person).

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the Report authors also directed Interviews with stakeholders in the fitness and health industry. through some of Issues with perception, collaboration, and current integration between government and industry glow up.

Furthermore, it was shown how work together in China, USA and Japan.

that the governments Membership in a gym as a leisure activity and not as an investment in health consider is one of the main problems.

In Britain will in the gym membership a 20 percent VAT raised while in Belgium for the use of sports facilities only one set of six percent is applicable.

Stakeholders suggested that such spending should be lower tax rate try.

Collaboration between government and fitness industry needed

more ways like this Governments could work with the health and fitness industrytowards Encourage inactive people to advance are personal training programs, physical activity measures and exercise as a preventive measure.

Of full report is available on the IHRSA website.

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