Here are some statistics regarding Lagos State's GDP growth and healthcare expenditure:

1. GDP Growth:

   • Lagos is the leading contributor to Nigeria's GDP. A growth rate of approximately 10% is predicted for the local economy as the state aims to widen its tax base. This optimistic projection highlights the state's significant economic potential. You can read more about this on the official Lagos economy website.

2. Healthcare Expenditure:

   • While I did not find specific statistics regarding Lagos State's healthcare expenditure in this search, Lagos typically allocates a portion of its state budget to health. The strategic focus is on improving health infrastructure and services, which indirectly influences economic growth. For the latest and more detailed information, you might want to check the National Bureau of Statistics or consult local government publications that detail their annual budgets and health spending.

In conclusion, while I found substantial information regarding GDP growth expectations, I recommend checking specific health budget reports for precise figures on healthcare expenditure in Lagos State.Based on the current statistics gathered from various sources regarding Lagos State's GDP growth and healthcare expenditure, here are the relevant details:

GDP Growth

1. Projected Growth: According to a report by Reuters, Nigeria's central bank expects the GDP to grow by approximately 4.17% in 2025. Lagos, being a major economic hub, significantly contributes to this growth, reflecting its diverse and expanding economy. Full details can be viewed here.

2. Local Economy Contribution: The Lagos State Government anticipates that the local economy will experience a 10% growth as part of efforts to widen the tax base and enhance economic activities. More insights related to Lagos's economic outlook can be found here.

Healthcare Expenditure

1. Healthcare Budget for 2025: In the 2025 Citizens Budget of Lagos State, a significant focus is placed on healthcare expenditures. The budget proposes an allocation of 2.48 trillion Naira, approximately 5.18% of the total budget, to health, which is lower than the recommended 15% by the African Union. This information is documented in the Lagos State government report available here.

2. Overall Health Spending Trends: Nigeria's healthcare spending has seen fluctuations. In 2021, healthcare spending was noted to have increased significantly, reflecting ongoing challenges and changes in healthcare resourcing within the country. For detailed figures related to healthcare spending trends in Nigeria, you can refer to the data from MacroTrends here.

In conclusion, Lagos State is projected to have promising GDP growth while the healthcare expenditure, although substantial, is still below the necessary thresholds set for health investments. These statistics highlight the ongoing challenges and potential areas for development in both economic and healthcare sectors.

Sources

Factors associated with Catastrophic Healthcare Expenditure in ...[PDF] Factors associated with Catastrophic Healthcare Expenditure in ...[PDF] Lagos State Government Y2025 Citizens BudgetCurrent health expenditure (% of GDP) - Nigeria | DataNigeria Healthcare Spending 2000-2025 | MacroTrendsShaping a Healthier Future for Nigeria in 2025Nigeria: share of health spending by source | Statista

Related Questions

What is the budget of health in Lagos State?

What percentage of Nigeria's GDP is spent on healthcare?

Which country has the highest healthcare spending?

What is the growth rate of healthcare spending?