The number of hospital employed persons in Australia has seen significant fluctuations over the years. From 2013's 345.41k FTE to 2023's 443.92k FTE, there has been an overall upward trajectory despite intermittent declines such as in 2017. Notable growth periods include 2014 with a 13.01% year-on-year increase. However, recent years from 2020 to 2023 have shown much smaller year-on-year variations with the latest being 1.68%. The average annual growth rate (CAGR) over the past five years stands at 2.6%, indicating moderate stability in employment figures.
Future forecasts indicate a continued increase in hospital employment numbers, reaching 479.58k FTE by 2028. The forecasted CAGR for the next five years is 1.23%, suggesting steady but slower growth.
Future trends to watch for include technological advancements that may impact staffing needs, policy changes in healthcare, and potential shifts in demographic demands which could either bolster or temper the employment growth trajectory in the hospital sector.