In 2023, Belgium's healthcare expenditure by government schemes stood at 13.68 billion Euros. Analyzing the trends from 2013 to 2023 reveals a period of substantial growth, particularly between 2013 and 2016, where expenditures escalated significantly, followed by steadier increments. Key annual variations were a dramatic 98.92% rise in 2015, a 13.61% increase in 2020, and more modest growth in recent years, such as 3.97% in 2023.
The CAGR between 2013 and 2023 shows varied growth, peaking early at 21.27% in 2016 and tapering to 3.33% by 2023, indicating a trend of initial rapid expansion that has since stabilized.
Looking forward, a forecasted 5-year CAGR of 2.69% suggests continued, albeit slower, growth. Future trends to watch for include advancements in healthcare technology, an aging population, and possible shifts in government policy impacting expenditure levels.
