Forecast: Healthcare Expenditure on Long Term Nursing Care Facilities in Finland

The healthcare expenditure on long-term nursing care facilities in Finland has demonstrated a continuous decreasing trend from 2013 to 2023. In 2023, the expenditure stood at 0.22 units of GDP, reflecting a year-on-year decline of 4.35%. This trend is consistent with previous years, showing consistent reductions yearly, with the Compound Annual Growth Rate (CAGR) at -4.01% over the past five years.

From 2024 onwards, the forecast indicates that this downward trend will persist, with a forecasted CAGR of -4.14%, and an overall predicted decline of 19.05% by 2028. The expected expenditure for 2028 is projected to be 0.17 units of GDP.

Future trends to watch for include:

  • Demographic shifts towards an aging population that may influence future expenditures
  • Potential policy changes or healthcare reforms addressing the needs of long-term nursing care
  • Technological advancements in healthcare and eldercare that might impact expenditure trends
  • Economic factors that could affect healthcare budgets and allocations

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