The share of out-of-pocket health expenditure in Nigeria has shown a consistent upward trend from 2013 to 2023, increasing from 95.77% to 96.25%. Over the last two years, the year-on-year variations have slightly decreased, with the value increasing by 0.052% in 2023. The compound annual growth rate (CAGR) for the past five years is 0.054%, reflecting a steady but gradual rise in out-of-pocket expenditures.
Future trends to watch for:- The forecasted CAGR for the next five years (from 2024 to 2028) is lower at 0.04%.- Anticipate a cumulative growth rate of 0.19% over the same period.- Monitor any policy changes or economic factors that might affect health funding and insurance coverage to assess potential impacts on out-of-pocket expenditures.
