Comment GDP is not a useful measure (Score 5, Interesting) 152
Healthcare alone is 18% of US GDP. This is simply a reflection of much higher cost of medical services here vs. Europe, where comparable services with, perhaps, better outcomes are closer to 10% of their GDP. So, just that alone is close to a factor of 2.
This applies to plenty of other areas. US prices of products and services are much higher for the same (or comparables) vs. Europe.
As such, GDP does not reflect the reality of quality of life or level of development of these areas.