In 2023, Australia's expenditure on health was just under *** percent of the country's GDP. This was a decrease from the previous year, which saw health expenditure at **** percent of the national GDP. How was the money spent? Australia’s health expenditure was divided among several health functions. Medical services and benefits was the health function which saw the largest amount of health expenditure in 2023, receiving around ** billion Australian dollars. Many areas within the health system saw a growth in health expenditure, such as patient transport services, which received a ****% growth in expenditure. Federal and state government spending The health care system in Australia is funded by both the federal and state governments. The federal government generally has the higher share of health expenditure in the country compared to state and territory spending. Part of the federal health expenditure includes grants to the state governments, which in 2023 amounted to almost ** billion Australian dollars.

Australia has some of the best health outcomes in the world with low infant mortality rates and a high life expectancy, even compared with other developed countries. About ** percent of Australia’s GDP is spent on health, which amounted to about *** billion Australian dollars in the financial year 2023. Australia’s spending on health also includes the Pharmaceutical Benefits Scheme (PBS), which subsidizes the cost of essential medicines and Medicare, Australia’s universal public health insurance. Medicare, Australia’s universal health careIntroduced in 1984, Medicare is a federal government health care scheme that fully funds or subsidizes medical services, public hospital care, and selected medicines for Australian residents. In 2024, **** billion Australian dollars were spent on Medicare benefit payments, including over ** billion Australian dollars on subsidized medications thought the associated PBS. Despite universal access to public health insurance, Australians are still concerned about additional health care costs. A significant proportion of Australians still choose to insure themselves privately, with a 2024 report finding that around ** percent had private health insurance in the country. Public hospital care The Australian public hospital funding represents the largest component of health spending and is administered through the state and territory governments. In 2023, public hospital services saw an increase in overall health expenditure at a rate of *** percent on the previous year. Public hospitals usually offer a comprehensive range of services and are generally more widely accessible than private hospital care but despite the relatively high quality of public hospital care, wait times for certain treatments can be long and some Australians choose private hospital care for certain elective surgeries and more choice over their health care professionals.

Australia Health Expenditure: Total: % of GDP data was reported at 9.422 % in 2014. This records an increase from the previous number of 9.364 % for 2013. Australia Health Expenditure: Total: % of GDP data is updated yearly, averaging 8.473 % from Dec 1995 (Median) to 2014, with 20 observations. The data reached an all-time high of 9.422 % in 2014 and a record low of 7.260 % in 1995. Australia Health Expenditure: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Social: Health Statistics. Total health expenditure is the sum of public and private health expenditure. It covers the provision of health services (preventive and curative), family planning activities, nutrition activities, and emergency aid designated for health but does not include provision of water and sanitation.; ; World Health Organization Global Health Expenditure database (see http://apps.who.int/nha/database for the most recent updates).; Weighted average;

The average for 2021 based on 12 countries was 9.25 percent. The highest value was in Tuvalu: 19.55 percent and the lowest value was in Papua New Guinea: 2.34 percent. The indicator is available from 2000 to 2023. Below is a chart for all countries where data are available.

The current health expenditure as a share of the GDP in Australia was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. After the seventh consecutive increasing year, the share is estimated to reach ***** percent and therefore a new peak in 2029. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to *** countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like Fiji and New Zealand.

This line chart displays health expenditure (% of GDP) by date using the aggregation average, weighted by gdp in Australia. The data is about countries per year.

This scatter chart displays health expenditure (% of GDP) against GDP (current US$) in Australia and New Zealand. The data is filtered where the date is 2021. The data is about countries per year.

Among OECD member countries, the United States had the ******* percentage of gross domestic product spent on health care as of 2024. The U.S. spent nearly **** percent of its GDP on health care services. Germany, Austria, and Germany followed the U.S. with distinctly smaller percentages. The United States had both significantly higher private and public spending on health compared with other developed countries. Why compare OECD countries? OECD stands for Organization for Economic Co-operation and Development. It is an economic organization consisting of 38 members, mostly high-income countries and committed to democratic principles and market economy. This makes OECD statistics more comparable than statistics of developed and undeveloped countries. Health economics is an important matter for the OECD, even more since increasing health costs and an aging population have become an issue for many developed countries. Health costs in the U.S. A higher GDP share spent on health care does not automatically lead to a better functioning health system. In the case of the U.S., high spending is mainly because of higher costs and prices, not due to higher utilization. For example, physicians’ salaries are much higher in the U.S. than in other comparable countries. A doctor in the U.S. earns more than ***** as much as the average physician in Germany. Pharmaceutical spending per capita is also distinctly higher in the United States. Furthermore, the U.S. also spends more on health administrative costs compared to other wealthy countries.

This scatter chart displays health expenditure (% of GDP) against date (year) in Australia. The data is filtered where the date is 2021. The data is about countries per year.

This bar chart displays health expenditure (% of GDP) by continent using the aggregation average, weighted by gdp in Australia and New Zealand. The data is filtered where the date is 2021. The data is about countries per year.

In 2023, the total expenditure on health care in China reached over nine trillion yuan. That figure included government spending, collective spending, and private out-of-pocket spending on health care. Health expenditures worldwide The health expenditure in China has soared from under 500 billion yuan in 2000 to more than nine trillion in 2023. The reasons behind this growth are multifold. Most important factors are the increasing living standards and the aging of the population. In terms of relative numbers, health expenditure as a proportion of Gross Domestic Product (GDP) has also been increasing in general in the last two decades and reached over six percent in recent years. This indicates the growing importance the government attributed to the health care in the country. However, this is still a relatively low share of GDP when compared to other more developed countries, for example Australia or South Korea. Health care in China The same phenomenon is reflected in the increase in private per capita health expenditure of Chinese households as well, which has nearly tripled in the last decade for Beijing, as the region with the highest private health expenditure in China. Health insurance is voluntary in China, but the share of the population being covered by a basic health insurance has grown quickly in the last ten years. In 2017, the number of people covered by basic health insurance surpassed one billion for the first time. In 2019, more than 96 percent of the population enjoyed at least a basic health insurance. Additional commercial health insurances were especially purchased by people working as executives or professionals.

The current health expenditure as a share of the GDP in New Zealand was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. After the seventh consecutive increasing year, the share is estimated to reach ** percent and therefore a new peak in 2029. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to *** countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like Australia and Fiji.

The current health expenditure as a share of the GDP in the Caribbean was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. According to this forecast, in 2029, the share will have increased for the sixth consecutive year to **** percent. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to *** countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like Australia & Oceania and Worldwide.

（停止更新）医疗保健支出：占国内生产总值百分比：公共在12-01-2014达6.317%，相较于12-01-2013的6.275%有所增长。（停止更新）医疗保健支出：占国内生产总值百分比：公共数据按年更新，12-01-1995至12-01-2014期间平均值为5.661%，共20份观测结果。该数据的历史最高值出现于12-01-2014，达6.317%，而历史最低值则出现于12-01-1995，为4.775%。CEIC提供的（停止更新）医疗保健支出：占国内生产总值百分比：公共数据处于定期更新的状态，数据来源于World Bank，数据归类于全球数据库的澳大利亚 – Table AU.World Bank.WDI: Social: Health Statistics。

This scatter chart displays access to electricity (% of population) against health expenditure (% of GDP) in Australia. The data is filtered where the date is 2021. The data is about countries per year.

The public and private per capita health expenditure differs significantly by country. As of 2024, the United States had by far the highest public per capita spending worldwide. Moreover, the U.S. had the second-highest private expenditure on health globally, just after Switzerland. Health expenditures globally Health expenditures include the consumption of health goods, services and public health programs as well as insurance and government spending. Globally, health expenditures are on the rise. Among all countries, the average per capita health expenditure is projected to see an increase of over 30 percent from the 2019 totals by the year 2050. Despite the growing expenditures, there are still countries with relatively low health expenditures. The countries with the lowest governmental health expenditure include South Sudan, Eritrea and Bangladesh. Health expenditures spotlight: the U.S. In 2023 the U.S. national health expenditure was at an all-time high. However, the projections indicate that total health expenditures will increase even more. The per capita health expenditures for the U.S. looked equally grim, with 2023 being the most expensive year for health care on record.

The current health expenditure as a share of the GDP in Fiji was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. After the seventh consecutive increasing year, the share is estimated to reach **** percent and therefore a new peak in 2029. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to *** countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like New Zealand and Australia.

This scatter chart displays agricultural land (km²) against health expenditure (% of GDP) in Australia. The data is filtered where the date is 2021. The data is about countries per year.

In 2023, the total expenditure on health care in China reached over ************* yuan. That figure included government spending, collective spending, and private out-of-pocket spending on health care. Health expenditures worldwide The health expenditure in China has soared from under *********** yuan in 2000 to more than ************* in 2023. The reasons behind this growth are multifold. Most important factors are the increasing living standards and the aging of the population. In terms of relative numbers, health expenditure as a proportion of Gross Domestic Product (GDP) has also been increasing in general in the last two decades and reached over *** percent in recent years. This indicates the growing importance the government attributed to the health care in the country. However, this is still a relatively low share of GDP when compared to other more developed countries, for example Australia or South Korea. Health care in China The same phenomenon is reflected in the increase in private per capita health expenditure of Chinese households as well, which has nearly tripled in the last decade for Beijing, as the region with the highest private health expenditure in China. Health insurance is voluntary in China, but the share of the population being covered by a basic health insurance has grown quickly in the last ten years. In 2017, the number of people covered by basic health insurance surpassed *********** for the first time. In 2019, more than ** percent of the population enjoyed at least a basic health insurance. Additional commercial health insurances were especially purchased by people working as executives or professionals.

This scatter chart displays self-employed workers (% of total employment) against health expenditure (% of GDP) in Australia and New Zealand. The data is filtered where the date is 2021. The data is about countries per year.