Based on the forecast data, Domestic General Government Health Expenditure in Singapore is expected to grow steadily over the next five years from $59.32 billion in 2024 to $65.2 billion in 2028. The year-on-year growth rates are 2.50% for 2025, 2.42% for 2026, 2.36% for 2027, and 2.29% for 2028. In terms of the Compound Annual Growth Rate (CAGR), this translates to an average yearly increase of approximately 2.39% over the five-year period from 2024 to 2028.
Future trends to monitor include the impact of an aging population, advancements in medical technology, and potential policy changes that could affect healthcare financing. Additionally, increasing healthcare demands, particularly in light of any potential global health crises, may also significantly influence future expenditure.
