Health expenditure in Austria has demonstrated a steady increase from 11.14% of GDP in 2013 to 11.71% in 2023. The year-on-year variation percentages have seen a gradual decline from 0.61% in 2014 to 0.44% in 2023. Over the past five years, the CAGR has averaged at 0.46%. For the forecasted period (2024-2028), the expenditure is expected to continue growing at a slower pace, with a projected CAGR of 0.32%, indicating that health expenditure will reach 11.95% of GDP by 2028.
Trends to watch for in the future include:
- Impacts of an aging population, which may increase demand for healthcare services.
- Technological advancements and their influence on healthcare costs and efficiencies.
- Policy changes or reforms that may alter funding mechanisms or healthcare provision.
- Socio-economic impacts such as changes in GDP growth rates and their influence on health expenditure allocation.