The external health expenditure in the Philippines was 1.50% of health expenditure in 2023. Forecast data from 2024 to 2028 indicate a steady decline from 1.49% in 2024 to 1.45% in 2028. This represents a year-on-year decrease of approximately 0.67% over each consecutive year.
Over a five-year period, the compound annual growth rate (CAGR) shows an average annual decrease of about 0.67% in external health expenditure. This consistent reduction could be indicative of the Philippines' increased reliance on domestic funding for healthcare needs or improving local health economics.
Future trends to watch for include potential policy changes impacting healthcare funding sources, the role of international aid, and economic stability affecting health budgets. Additionally, shifts in the global healthcare landscape, such as new disease outbreaks or advancements in medical technology, may influence future expenditure patterns.
