The impacts of long COVID across OECD countries
Ana Espinosa Gonzalez and Elina Suzuki
Imperial College London, UK
OECD, Directorate for Employment, Labour and Social Affairs, Health Division
From Key Findings —
3. Long COVID can severely limit people’s ability to undertake basic activities of daily life and can dramatically hamper quality of life. More than 7 million quality-adjusted life years may be lost annually across OECD countries due to the condition. Studies from across a range of OECD countries suggest that one sixth to more than one-third of people may have persistent cognitive symptoms, often lasting more than 12 weeks, after a COVID-19 infection.
4. Even conservative estimates of long COVID prevalence would indicate that long COVID may be reducing the workforce by nearly 3 million workers across OECD countries, amounting to an economic cost of at least $141 billion USD from lost wages alone. Moreover, even among those who were able to return to the labour force, a significant proportion reported needing to reduce the number of hours they worked, compared to before their infection.
5. The economic and social welfare costs of long COVID are dramatic: Even excluding the direct costs of health care, long COVID is likely costing OECD countries as much as $864 billion - $1.04 trillion USD per year due to reductions in quality of life and labour force participation. The limitations in activities experienced by long COVID patients, including dropping out or reducing their participation in the labour force, as well as direct medical care costs, can have dramatic implications on their financial well-being. Costs to health and social protection systems may also be high over time.
Ana Espinosa Gonzalez and Elina Suzuki
Imperial College London, UK
OECD, Directorate for Employment, Labour and Social Affairs, Health Division
From Key Findings —
3. Long COVID can severely limit people’s ability to undertake basic activities of daily life and can dramatically hamper quality of life. More than 7 million quality-adjusted life years may be lost annually across OECD countries due to the condition. Studies from across a range of OECD countries suggest that one sixth to more than one-third of people may have persistent cognitive symptoms, often lasting more than 12 weeks, after a COVID-19 infection.
4. Even conservative estimates of long COVID prevalence would indicate that long COVID may be reducing the workforce by nearly 3 million workers across OECD countries, amounting to an economic cost of at least $141 billion USD from lost wages alone. Moreover, even among those who were able to return to the labour force, a significant proportion reported needing to reduce the number of hours they worked, compared to before their infection.
5. The economic and social welfare costs of long COVID are dramatic: Even excluding the direct costs of health care, long COVID is likely costing OECD countries as much as $864 billion - $1.04 trillion USD per year due to reductions in quality of life and labour force participation. The limitations in activities experienced by long COVID patients, including dropping out or reducing their participation in the labour force, as well as direct medical care costs, can have dramatic implications on their financial well-being. Costs to health and social protection systems may also be high over time.