Forecast: Government Expenditure on Health in Saudi Arabia

The Government expenditure on Health in Saudi Arabia has consistently grown from 2013 to 2023, with an increase from 8.21 to 9.07 units of government expenses. From 2013 to 2023, the year-on-year variation shows a steady, albeit slowing growth pattern, with the highest growth of 5.96% in 2013 and the lowest growth of 1.01% in 2023. The Compound Annual Growth Rate (CAGR) shows a gradual decline from 4.71% over 5 years ending in 2013 to 1.08% in 2023.

The forecast from 2024 to 2028 continues this trend, projecting an expenditure increase to 9.50 units with a CAGR of 0.73%, indicating a slowing yet sustained growth. The 5-year forecasted growth rate stands at 3.71%.

Future trends to watch for include:

• Potential policy shifts in healthcare funding due to economic or political changes.
• Impact of technological advancements and increased digitization in healthcare services.
• Demographic changes, especially aging population, influencing healthcare expenditure.