Analysis of Health Expenditure in Spain over the past decade (2013-2023) shows a gradual increase in terms of GDP. In 2023, health expenditure stood at 9.56% of GDP, reflecting a relatively consistent upward trend. The year-on-year variation has steadily decreased from -3.12% in 2013 to 0.48% in 2023. Over the last two years, the year-on-year growth rate was 0.49% in 2022 and 0.48% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years has been moderate at 0.51%.
From 2024 onwards, the forecasted data suggests continued, albeit slower, growth in health expenditure as a percentage of GDP. The forecast predicts a five-year CAGR of 0.35% leading to a 1.77% growth rate by 2028. Key trends to watch for in the future include demographic changes such as an aging population, technological advancements in healthcare, and potential shifts in public health policies.
