Healthcare expenditure on current healthcare expenditure by hospitals in the UK has demonstrated a relatively stable trend from 2013 to 2023, averaging around 4.1% of the GDP. The annual variation has generally been modest, with notable fluctuations including a 1.73% increase in 2015 and a 0.97% decrease in 2018. In recent years, 2022 saw a minor increase of 0.24%, while 2023 maintained the same level as the previous year. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at a minimal 0.098%, reflecting a stable expenditure pattern.
Looking forward, forecasted data suggests that this stable trend will continue, with projections around 4.1% to 4.12% of GDP up to 2028. The forecasted 5-year CAGR is anticipated to be 0.1%, with an overall growth rate of 0.49% until 2028.
Future trends to watch for include potential impacts of policy changes, aging population dynamics, advancements in medical technology, and shifts in public health priorities which could either stabilize or alter the current expenditure pattern.
