The healthcare expenditure on general hospitals in Belgium has fluctuated from 2013 to 2023, reflecting various economic and health-related factors. Starting from 3.42% of GDP in 2013, there was a general growth trend with some variability, peaking significantly during the pandemic year of 2020 at 4.11% and standing at 4.03% in 2023. The year-on-year variation exhibited notable changes, with 2019 showing a 7.92% increase and 2020 having an even steeper rise of 11.68%, followed by a decline in 2021 and modest increases afterward. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.29%.
Looking forward from 2024 to 2028, expenditures are forecasted to rise steadily, reaching 4.34% of GDP by 2028, with an average annual growth rate of 1.19% and a cumulative growth of 6.11% over the five years. Future trends to watch for include advancements in medical technology, an aging population, policy reforms, and potential impacts of new public health challenges which could influence spending dynamics.
