The cost of adverse mental health outcomes in the LGBTIQ+ Victorian adult population in 2019
Assessing the impact
Deloitte Australia has undertaken a comprehensive Victorian based study of the economic cost of adverse mental health outcomes in the LGBTIQ+ population, to better understand the prevalence and costs associated with anxiety, depression, suicide, suicide attempt and suicide bereavement.
Deloitte Australia was commissioned by Thorne Harbour Health to undertake an analysis of the economic cost of adverse mental health outcomes in the LGBTIQ+ Victorian adult population in 2019. The adverse mental health outcomes in scope included anxiety, depression, suicide, suicide attempt and suicide bereavement, and have been chosen as they are considered to have a significant impact on the quality of life of a large number of LGBTIQ+ Victorian adults.
The key findings of the analysis include:
- LGBTIQ+ Victorians make up 7.2% to 10% of the Victorian adult population
- The economic and financial cost of adverse mental health outcomes in the LGBTIQ+ Victorian adult population in 2019 was estimated to range between $2.2 to $3.0 billion
- The intangible (loss of wellbeing) cost of adverse mental health outcomes in the LGBTIQ+ adult population in 2019 was estimated to range between $16.8 to 23.4 billion
- The total cost of adverse health outcomes in the LGBTIQ+ Victorian adult population is driven by the cost of anxiety and depression, due to the high prevalence of these conditions in the community (28.5% and 32% respectively).
Published: June 2022
