Austria's Total Health Expenditures as a percentage of GDP experienced a steady increase from 2013 to 2023, rising from 10.29% to 11.85%. The most notable jump occurred in 2020 with a significant 10.2% increase, likely due to the COVID-19 pandemic, followed by moderate growth. The year-on-year increase has been steady, with the last two years before 2024 showing nearly 1% growth each year. The CAGR over the past five years (2019-2023) stands at around 2.8%.
Future forecasts predict a continued rise in health expenditures, reaching 12.41% of GDP by 2028. The anticipated CAGR for 2024-2028 is a moderate 0.75%, reflecting a stable yet slower growth trajectory. Key factors to watch include technological advancements in healthcare, an aging population, and potential policy changes impacting healthcare funding.
