Forecast: Capital Health Expenditure in Philippines

From 2023 to 2027, the capital health expenditure in the Philippines is showing a consistent year-on-year increase of 0.01 percentage points, starting at 0.23% of GDP in 2023 and forecasted to reach 0.27% by 2027. This indicates a steady increase in the allocation of GDP towards health capital expenditures, with an average annual growth rate (CAGR) of approximately 4.07% over the five-year period.

Future trends to watch for:

• Changes in government policy and budget allocations towards health infrastructure.
• Economic growth rates which can impact GDP and, consequently, health expenditure as a % of GDP.
• Developments in healthcare technology and innovation that may drive capital spending.