The healthcare expenditure by government schemes in Belgium has experienced notable fluctuations over the past decade. The value in 2023 stood at 24.02 units of Total Current Health Expenditure, with a year-on-year increase of 2.69% and a 5-year Compound Annual Growth Rate (CAGR) of 0.66%. Significant variations were observed in previous years, such as an 89.01% increase in 2015 driven by policy changes, and a 14.01% rise in 2020 due to the COVID-19 pandemic. Conversely, the expenditure saw decreases in years like 2019 and 2021.
Moving forward, the forecast indicates a steady growth trend, with an expected 5-year CAGR of 1.92% from 2024 to 2028. By 2028, healthcare expenditure is projected to reach 27.1 units, amounting to a total growth rate of 9.98% from 2023 levels.
Future trends to watch for include potential impacts of healthcare policy reforms, demographic shifts such as an aging population, advancements in medical technology, and the economic aftermath of the pandemic. These factors could significantly influence future expenditures.
