Forecast: Government Expenditure on Health in Canada

In 2023, government expenditure on health in Canada was approximately $3.88 thousand US dollars PPP per capita. The forecast from 2024 to 2028 indicates a steady increase. From 2024 to 2025, a 1.52% rise is anticipated, with subsequent annual increases of 1.50%, 1.23%, and 1.21% leading up to 2028.

The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be approximately 1.46%. This reflects a consistent upward trend in health expenditure, signifying a commitment to improving public health infrastructure and services.

Future trends to watch for include:

• Potential impacts of aging population on healthcare costs.
• Technological advancements and their integration into healthcare.
• Government policy changes affecting health budget allocations.
• Influence of global health challenges and economic factors.