Forecast: Domestic General Government Health Expenditure in Argentina

From 2013 to 2023, Argentina's Domestic General Government Health Expenditure fluctuated significantly. Initial years saw moderate increases, with an average compound annual growth rate (CAGR) of 2.22%. The expenditure peaked in 2015, followed by a sharp decline in 2016. Recovery began in 2017, though the years 2018 and 2019 exhibited smaller variations. A notable increase occurred in 2020, largely due to the pandemic, sustaining a moderate growth trend thereafter. By 2023, the health expenditure stood at 6.78% of GDP, with minor annual increases characterized by a 2.61% CAGR over the last five years.

Future forecasts indicate a steady rise in health expenditure, reaching 7.26% of GDP by 2028. This growth points to a 5.51% increase over the next five years, with an annual growth rate of 1.08%. Factors influencing these trends might include inflation, demographic changes, and policy adjustments.

**Future trends to watch for:**

• Impact of healthcare policy reforms on expenditure
• Inflation and economic stability affecting budget allocations
• Technological advancements and their cost implications
• Demographic shifts, such as an aging population, driving increased healthcare needs