Regular reporting of national health expenditure is vital to understanding the health system and its relationship to the economy as a whole.
- In 2023–24, total health spending entered a post-pandemic period, totalling $270.5 billion which equates to 10.1% of Gross Domestic Product.
- Health spending increased by 1.1% in real terms, which was lower than the decade average growth of 3.2% per year.
- Government health spending decreased by 0.1% while non-government spending was estimated to increase by 3.7% in 2023–24.
- Cat. no: HWE 105
Key findings
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Total health expenditure was $270.5 billion, equating to $10,037 per person or 10.1% of total economic activity
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Government health spending was 16.8% of total government expenses, down 0.3 percentage points from 2022–23
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In 2023–24, spending on hospitals was $113.8 billion, a real increase of 1.2% compared with the previous year
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In 2023–24, primary care spending (incl. public health) was $89.1 billion, a 0.5% real decrease compared to 2022–23