Government expenditure on health in Chile has shown a steady increase from 2013 to 2023, with the value standing at 17.3 in 2023. Over the years, the expenditure has generally exhibited modest year-on-year increases, albeit with diminishing growth rates from 4.55% in 2013 to 0.95% in 2023. The Compound Annual Growth Rate (CAGR) also declined from 2.47% (2013) to 1.01% (2023), reflecting a slowdown in the rate of increase.
Forecasts from 2024 onward predict a continuous upward trend with the expenditure expected to reach 18.06 by 2028. The forecasted 5-year CAGR from 2024 is projected at 0.69%, and the overall growth rate over the next five years is forecasted to be 3.49%.
Future trends to watch for:
- Technological advancements and their impact on healthcare efficiency and costs.
- Potential policy reforms and shifts in healthcare funding priorities.
- Socioeconomic factors influencing healthcare demand and government spending.
