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Nominal growth of current health expenditure exceeded that of GDP in 2024
Health satellite account
Nominal growth of current health expenditure exceeded that of GDP in 2024
03 July 2025

Summary

In 2024, current health expenditure recorded a nominal growth of 8.7%, surpassing GDP growth, which was 6.4%. This growth was mainly driven by a 9.9% increase in public current expenditure, which represented 64.7% of current expenditure. The 10.2% increase in expenditure by the National Health Service and Regional Health Services (NHS and RHS) was crucial for this development.

In 2022, last year with available information, the Gross Fixed Capital Formation (GFCF) of healthcare providers grew moderately (2.7%), falling short of the 13.1% observed in the total GFCF of the economy. In that year, private providers of auxiliary services, particularly medical and diagnostic laboratories, stood out with a significant investment increase (102.0%). Conversely, there were notable reductions in the investment of hospitals (-7.5%) and private providers of ambulatory health care (-3.4%). The investment of public providers registered a slight increase of 0.2%, corresponding to 21.6% of the total GFCF of providers.


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