The domestic general government health expenditure in Singapore, expressed in thousand US Dollars PPP per capita, stood at 4.24 in 2023. For the period from 2024 to 2028, it is forecasted to rise progressively, reaching 6.11 in 2028. This indicates a consistent year-on-year growth: 8.24% from 2024 to 2025, 7.62% from 2025 to 2026, 6.89% from 2026 to 2027, and 6.45% from 2027 to 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 7.73%.
Future trends to watch for include potential changes in government healthcare policies, the impact of technological advancements on healthcare costs, population aging, and overall economic conditions influencing public health expenditure. Monitoring these factors can provide further insights into the sustainability and efficiency of health spending in Singapore.
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