Health expenditure in Malaysia has shown a consistent upward trend from 2013 to 2023, rising from 4.02% to 4.56% of GDP. The year-on-year growth rates have generally declined, from 3.76% in 2014 to 0.96% in 2023, indicating a gradual slowdown in the rate of increase. The compound annual growth rate (CAGR) over the last five years until 2023 is 1.02%, reflecting steady but modest growth.

Future trends to watch for include:

Projected health expenditure is set to continue increasing, reaching 4.77% of GDP by 2028.
The forecast 5-year CAGR from 2024 to 2028 is 0.69%, suggesting a further deceleration in growth rate.
Potential impacts of demographic shifts and health policy changes on expenditure levels.
The influence of technological advancements and healthcare innovations on cost and efficiency.