The data on government expenditure on health in Saudi Arabia from 2013 to 2023 shows a consistent upward trend. In 2023, the expenditure was 79.1, demonstrating a modest yet steady increase over the years. The year-on-year variations have gradually decreased from a high of 2.51% in 2013 to 0.66% in 2023, indicating a slowdown in the growth rate. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 0.7%, reflecting moderate growth. Forecasted data suggest that the trend of gradual increases will continue, with a projected CAGR of 0.48% and a forecast 5-year growth rate of 2.43% by 2028.
Future trends to watch for include potential policy changes impacting healthcare funding, the effects of ongoing economic diversification efforts under Vision 2030, and how technological advancements and an aging population may influence healthcare expenditure. Furthermore, examining regional health crises or pandemic preparedness could play a significant role in future expenditure adjustments.
