The out-of-pocket health expenditure in Nigeria exhibited fluctuating trends over the past decade. The value stood at 75.14 units in 2023, reflecting a steady annual increase since 2013. From 2018 to 2023, the average annual growth rate (CAGR) was 0.52%, with variations showing an incremental decrease in year-on-year percentages from 0.56% in 2018 to 0.49% in 2023. The forecast from 2024 onwards expects an annual growth rate (CAGR) of 0.36%, indicating a slight slowdown in growth compared to previous years.

Future trends to watch for:

The potential impact of economic policies and healthcare reforms on out-of-pocket expenditure.
The influence of inflation and currency fluctuations on healthcare costs.
Shifts in healthcare funding sources and the role of government and private sector investment.