Between 2013 and 2016, Saudi Arabia witnessed a robust increase in its Domestic General Government Health Expenditure, with the value rising from 3.11% to 4.49% of GDP. This period was marked by aggressive growth rates, with CAGR peaking at 12.7% in 2015. However, expenditure growth flattened out in 2017 and saw a notable dip in 2018. Despite this, the trend upward resumed, reaching 4.53% in 2023, driven by moderate year-on-year increases and an average 5-year CAGR of 3.1% by 2023.

Future projections for 2024 and beyond show a consistent but slower increase, with a forecasted 5-year CAGR of 1.26%, ultimately reaching 4.91% of GDP by 2028.

Future trends to watch for:

Implementation of Vision 2030 initiatives impacting healthcare spending.
Potential fluctuations due to oil price volatility influencing national budget allocations.
Impact of technological advancements and increased infrastructure investments in healthcare.
Policy shifts towards preventive healthcare and insurance market developments.