Over the period from 2013 to 2023, domestic private health expenditure in Nigeria experienced fluctuating trends. In 2023, the health expenditure value was 76.35 units. Between 2022 and 2023, the year-on-year growth was minimal at 0.021%. The average variation per year over the last five years (CAGR) was approximately -0.1%. Looking at the broader timeline, there were periods of both contraction and growth, with significant variations observed in 2016 (4.11%) and 2019 (-5.49%).
Future trends indicate a modest forecasted growth rate of 0.04% from 2024 to 2028, with a 5-year forecasted CAGR of 0.01%. Factors to watch include potential policy changes, healthcare infrastructure development, and economic stability, which could impact these forecasts.
