The current health expenditure in the Philippines was just over 10 thousand Philippine pesos per capita in 2022. That marked a slight decrease compared to the previous year, when per capita spending was about 10,342 Philippine pesos.
Increasing current health expenditures
The country’s health spending or current health expenditures had been increasing in the past years, valued at about 927 billion Philippine pesos in 2020. Increased healthcare spending was particularly noted in that year when the COVID-19 pandemic hit as Filipinos purchased more essential health products and medicines to better protect themselves from the virus.
Factors contributing to increased health spending
In addition to the coronavirus pandemic, high inflation rates in the Philippines, especially in 2018, fueled increasing prices of medicines and other pharmaceutical goods. To lower the prices of medicines, the government had been encouraging foreign pharmaceutical firms to establish facilities in the Philippines to increase local production. In recent years, discussions were being made between pharmaceutical firms in India, which was the leading source of pharmaceutical imports to the country.
Current health expenditure per capita in the Philippines from 2014 to 2022
(in Philippine pesos)
Characteristic
Per capita expenditures in Philippine pesos
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PSA (Philippines). (August 30, 2023). Current health expenditure per capita in the Philippines from 2014 to 2022 (in Philippine pesos) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1250962/philippines-per-capita-current-health-expenditure/
PSA (Philippines). "Current health expenditure per capita in the Philippines from 2014 to 2022 (in Philippine pesos)." Chart. August 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1250962/philippines-per-capita-current-health-expenditure/
PSA (Philippines). (2023). Current health expenditure per capita in the Philippines from 2014 to 2022 (in Philippine pesos). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1250962/philippines-per-capita-current-health-expenditure/
PSA (Philippines). "Current Health Expenditure per Capita in The Philippines from 2014 to 2022 (in Philippine Pesos)." Statista, Statista Inc., 30 Aug 2023, https://www.statista.com/statistics/1250962/philippines-per-capita-current-health-expenditure/
PSA (Philippines), Current health expenditure per capita in the Philippines from 2014 to 2022 (in Philippine pesos) Statista, https://www.statista.com/statistics/1250962/philippines-per-capita-current-health-expenditure/ (last visited July 22, 2024)
Current health expenditure per capita in the Philippines from 2014 to 2022 (in Philippine pesos) [Graph], PSA (Philippines), August 30, 2023. [Online]. Available: https://www.statista.com/statistics/1250962/philippines-per-capita-current-health-expenditure/