The Life expectancy at birth in Australia attained a value of 83.30 years in 2023
The indicator recorded a historical growth (CAGR) of 0.24% between 2020 to 2023, and is expected to grow by...
GlobalData projects the figure to grow at a CAGR of ...
Life expectancy at Birth Segmentation: Gender
Life expectancy in a country depends on multiple factors including healthcare, lifestyle, resources and even culture. Since 2018, the life expectancy for females has increased constantly. In 2021, the life expectancy of females was 85 years. Compared to the growth of life expectancy for females, the growth of life expectancy for males has increased slightly over the years. In 2021, the life expectancy of the total population was 82 years, whereas for males it was 80.5 years, and 85 years for females.
Population Growth Analysis
In 2021, Australia’s population rose by 1.3% and reached 26.03 million, compared to 25.7 million in 2020. In 2021, the country ranked 54th out of 233 nations in terms of population, according to GlobalData estimates. With an increasingly aging population, the fiscal burden is set to rise. GlobalData expects the population to increase to 26.4 million in 2022. On average, over 2022–26, the population is expected to grow at a slower pace of 1.2%, according to GlobalData, due to low fertility rates.
Population Age Split
The age structure in Australia, in 2021, was such that 65.2% of the population was in the 15–64 years age group, 18.7% of the population was in the 0–14 years age group, and 16.2% of the population was aged 65 and above. The share of the population aged 65 and above is expected to reach 17.3% of the total population by 2025. The old-age dependency ratio stood at 24.8% in 2021. With this age structure, Australia shows similar demographic trends to the rest of developed nations. The population is ageing, and fewer people are entering workforce. The proportion of working-age population as a percentage of the total population is expected to decline from 65.4% in 2020 to 64.6% by 2025.
Impact of Strong Healthcare System
A strong healthcare system has resulted in overall improvements in terms of the health of the population. Some of the key areas where the country has performed well include higher life expectancy, reduction in mortality rates from heart disease, and cancer treatment.
Low Population Growth Rate
Australia has performed well in terms of human development. However, higher-income inequality is a major concern for the country. The low population growth rate, coupled with the increasing average age of the population, is a challenge for the government.
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