The share of out-of-pocket health expenditure in Argentina shows a steady upward trend from 2013 to 2023, beginning at 66.85 and reaching 72.07 in 2023. Notably, the year-on-year variations have generally decreased over time, from 3.12% in 2014 to 0.55% in 2023. Over the last five years, the compound annual growth rate (CAGR) has averaged 0.58%. This indicates a slowing pace of growth in recent years, despite an overall increase.
From 2024 onwards, the forecasted data shows this trend continuing, with out-of-pocket health expenditure projected to reach 73.95 by 2028. The forecasted five-year CAGR is 0.41%, highlighting a further deceleration in the growth rate. Future trends to watch out for include potential policy reforms and economic factors which might influence these out-of-pocket expenses, as well as technological advancements in healthcare that could reduce costs.
