The output of healthcare and social work activities in Spain stood at €142.8 billion in 2023, showing a steady increase annually. The year-on-year variation in 2022 was 5.46%, slightly lower than the previous year at 8.37%, and the five-year CAGR is at 5.88%. From 2013 to 2023, growth has been robust, with notable annual increases in output, reflecting a resilient and expanding sector.
Looking forward, the forecasted data reveals a continued upward trend, with the output expected to reach €176.68 billion by 2028. This represents an average annual growth rate (CAGR) of 3.37% over the forecasted period, translating into a total forecasted growth of 18.01% from 2024 to 2028.
Future trends to watch include the impact of technological advancements in healthcare, demographic changes such as an aging population, and policy shifts aimed at improving healthcare access and quality.
