The output of Healthcare and Social Work activities in Finland has shown a generally upward trend from 2013 to 2023, with notable variations. In 2023, the output stood at 36.43 billion euros, representing a 2.04% increase from the previous year. Over the past five years, the compound annual growth rate (CAGR) has averaged 3.58%, indicating stable growth despite some fluctuations in year-on-year performance.
Key year-on-year variations include:
- 2013: 3.79%
- 2014: 1.83%
- 2015: -1.73%
- 2016: 2.83%
- 2017: 2.19%
- 2018: 4.53%
- 2019: 4.04%
- 2020: 2.98%
- 2021: 7.2%
- 2022: 1.73%
- 2023: 2.04%
Future projections from 2024 to 2028 estimate a continued rise with a forecasted 5-year CAGR of 1.4% and a total 5-year growth rate of 7.19% by 2028. This indicates steady yet modest growth in the sector.
Future trends to watch for include advancements in healthcare technology, policy changes impacting social work funding, and demographic shifts such as an aging population, which could further drive demand for healthcare and social services.
