In 2023, Nigeria's Current Health Expenditure stood at $180.35 US Dollars PPP Per Capita. The forecast for 2024 shows a slight increase to $180.4. This upward trend continues modestly over the subsequent years, reaching $180.7 by 2028. The year-on-year percentage variations from 2024 to 2028 are minimal, showcasing a highly stable expenditure pattern with variations well below 1% each year. Over the last two years, the variations point to a consistent yet fractional increase in healthcare spending.
CAGR over the last five years suggests an average annual increase that is almost negligible, showing that Nigeria's health expenditure per capita is projected to grow very slowly.
Future trends to watch for include the potential impacts of economic shifts, demographic changes, government health policies, and external funding sources on Nigeria’s health expenditure. Monitoring these factors can provide insights into any significant deviations from the current stable trend.
