The data from 2013 to 2023 reveals a steady decline in external resources for health in South Africa, with values dropping from 1.89 units in 2013 to 1.72 units in 2023. Year-on-year variations show a consistent decrease, with minimal fluctuations, and the last recorded drop in 2023 standing at 0.83%. The Compound Annual Growth Rate (CAGR) over the past five years has averaged -0.85%, indicating a slow but steady downward trend.
From 2024 onwards, forecasted data predict this decline will continue, with values expected to reach 1.65 units by 2028. The future 5-year CAGR is anticipated to be -0.71%, with an overall 5-year growth rate projection at -3.51%.
Future Trends to Watch For:
- Potential policy changes in South Africa's funding for health and how these might impact external resource needs.
- The influence of global economic conditions on international aid and funding for health-related programs.
- Technological advancements and their role in possibly offsetting reductions in external funding.