Forecast: Health Expenditure in Indonesia

The data on health expenditure in Indonesia highlights a steady increase from 2.93% of GDP in 2013 to 3.09% in 2023. The year-on-year variations demonstrate a general upward trend with minor fluctuations, beginning at 0.97% in 2013 and gradually decreasing to 0.7% in 2023. The Compound Annual Growth Rate (CAGR) reflects a similar pattern, starting at 0.84% in 2013 and tapering to 0.74% by 2023. Forecasts predict a continued slow growth in health expenditure, reaching 3.19% of GDP by 2028, with a 5-year CAGR projection of 0.51% and an overall forecasted growth rate of 2.57% over the five years.

Future trends to watch for:

  • Government policies to increase healthcare funding and improvements in healthcare infrastructure.
  • Diversification of funding sources, including private investments and insurance schemes.
  • The impact of technological advancements and digital health innovations on healthcare efficiency and cost management.
  • Demographic changes and their influence on healthcare demand, especially considering the aging population in Indonesia.

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