External resources for health in Kenya have shown a consistent upward trend from 2013 to 2023, increasing from 28.39 units in 2013 to 33.59 units in 2023. The year-on-year variation over the past decade indicates a generally stable growth pattern, with slight fluctuations such as a 5.13% increase in 2015 and a gradual decrease in the percentage growth in recent years, reaching 1.63% in 2023. Remarkably, the Compound Annual Growth Rate (CAGR) over the last five years stands at 1.76%, signifying a steady growth trajectory.
Looking forward, the forecast from 2024 to 2028 suggests a continued positive trend, with health expenditure expected to reach 36.12 units by 2028. The projected 5-year CAGR is 1.15%, indicating a slightly slower pace of growth compared to the past five years.
Future trends to watch for:
- Monitoring the impact of economic policies on health expenditure.
- Evaluating the role of international aid and donor funding in sustaining growth rates.
- Observing technological advancements and their influence on health resource allocation.