Forecast: Domestic General Government Health Expenditure in Saudi Arabia

Saudi Arabia's Domestic General Government Health Expenditure has seen a notable upward trend from 2013 to 2023. Starting at 8.75 units in 2013, it reached 12.95 units in 2023. This represents a consistent growth particularly evident between 2013 and 2017. Although there was a dip in 2018, expenditure quickly rebounded, stabilizing to modest, steady increases. Year-over-year percentages indicate a fluctuating growth with a peak in 2016 at 25.26%, and a dip in 2018 with a -18.24%. Recent trends show smaller, stable increases, around 1.75% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) stands at 3.23%, indicating healthy, albeit modest, growth.

Future trends forecast a continuation of this growth with a forecasted five-year CAGR of 1.23%, reaching approximately 14 units by 2028. The forecasted average annual growth rate for the next five years is around 6.31%, which suggests a consistent increase in health expenditure.

Future trends to watch for include:

• Government policy changes affecting healthcare funding.
• The impact of economic conditions on healthcare budgeting.
• Developments in healthcare technology and infrastructure.
• The potential effects of any new healthcare reforms or initiatives.
• Global health trends and their possible implications for domestic health expenditure.