The expenditure on private health insurance administration agencies in Belgium saw notable variations from 2013 through 2023. Starting at 0.84 units in 2013, it increased annually, peaking at 1.13 units in 2019 and 2020, before slightly declining to 1.07 units in 2021. By 2023, the expenditure stabilized at 1.08 units. Key trends show a mixture of steady growth with occasional declines, particularly noticeable between 2020 and 2021. The last two years saw minimal fluctuations with zero growth in 2023. The five-year CAGR leading to 2023 stands at -0.18%.
Looking ahead, the forecast indicates modest growth, maintaining relatively stable values with slight increases from 1.09 units in 2024 to 1.11 units in 2028. The forecasted five-year CAGR is 0.36%, suggesting consistent but slow growth. The overall forecasted five-year growth rate is 1.83%.
Future trends to watch include potential changes in regulatory frameworks, technological advancements in administrative processes, and shifts in public policy regarding private health insurance. Additionally, external economic factors and demographic shifts could impact expenditure trends.
