Economic Cost of Dementia in Australia 2016-2056 – Alzheimer’s Australia


Alzheimer’s Australia commissioned NATSEM at the Institute for Governance and Policy Analysis at the University of Canberra to estimate the cost of dementia in Australia. The economic impact of dementia is a major concern nationally and internationally as the number of individuals with dementia continues to rise. Access Economics (2003) estimated the total cost of dementia to be $6.6 billion in 2002. This report now shows that the cost of dementia in Australia in 2016 is $14.25 billion, which equates to an average cost of $35,550 per person with dementia. Not only does this report update the Access Economics 2002 estimate to 2016, it also projects likely future costs of dementia over the next 40 years. In doing so, it provides an overview of dementia in Australia, including increases in the prevalence and incidence of dementia over the next 40 years, describes some of the social and economic characteristics of people with dementia, and identifies the impact of dementia on mortality and burden of disease. The need for care and provision of care services is also reported on, including estimating the future need for both informal and formal carers in both the community and residential aged care sectors. The report models direct and indirect costs of dementia in 2016 out to 2056. The impact on costs of a ‘hypothetical’ intervention program that reduces the annual incidence of dementia by 5% is modelled. A second scenario simulates the impact of ‘hypothetical’ technological change in hospital care and its impact on costs.

SOURCE: Brown, Laurie; Hansnata, Erick and Hai Anh La. “Economic Cost of Dementia in Australia 2016-2056.” Alzheimer’s Australia, February 2017

Link to document

BroCAP is produced by the two librarians at the Brotherhood of St Laurence in Melbourne, Australia. If you find our service useful and would like to contribute to ‘Working for an Australia Free of Poverty’, please consider a donation using the link below.

Comments are closed.

Subscribe to our Newsletter

Select list(s):

Follow BroCAP on Twitter

Click on a date to search archive

March 2017
« Feb    


Posts are for information purposes and do not constitute endorsement by the Brotherhood of St Laurence