Healthcare Spending: Venezuela

Analysis# Venezuela Healthcare Spending Venezuela allocated 3.776% of its GDP to healthcare in 2023, down from the all-time peak of 4.55% in 2022. This represents a dramatic 56.2% increase since 2018, when spending stood at just 2.417% of GDP, though current levels remain below the 2022 high. The country's healthcare spending trajectory reveals significant volatility across the six-year period, with 2019 marking the lowest point at 2.186% of GDP. A sharp spending surge occurred between 2019 and 2020, jumping from 2.186% to 4.116% of GDP—a 88% spike in a single year. Spending remained elevated through 2021 and 2022 before declining 17% in 2023. This recent downward movement suggests a potential stabilization period, though whether spending will continue declining or stabilize around current levels remains uncertain.