The annual study by the Beijing-based YuWa Population Research Institute ranked South Korea top of the list of nations for raising a child, with the cost coming to 7.79 times the gross domestic product (GDP) per capita, Chosun Ilbo, a South Korean newspaper, reported.
Japan is the most expensive country in which to deliver a baby, according to Coyne College researchers, costing a whooping $61,810! But researchers note that Japan is widely acknowledged as one of the safest places to give birth. By contrast, in South Africa, delivery is priced at just over $1,200.
South Korea is the most expensive country in the world to raise a child to the age of 18, according to a recent study, a finding that provides a clear explanation for the nation's falling fertility rate and the looming population crisis.
Indonesia and the Philippines both have relatively low costs. In Indonesia, the average cost of delivery is $1,837 and in the Philippines, it's $2,122, according to Pacific Cross International.
Other Childbirth Costs to Expect
Giving birth in a hospital is usually the most expensive cost associated with childbirth. You'll also need to spend money on other things.
Cost of going private (with health insurance): $3000-$5000
The costs for your delivery in a private hospital, according to HICA, could include: Accommodation: $700-850 daily (expect to stay 2-5 days)
But perhaps the most impressive part of giving birth in Norway is that it's 100% free, from the first check up to the delivery, due to universal health care in the country.
UNICEF named the countries with the greatest chance of newborn survival as Japan, Iceland, Finland, Singapore, Estonia, Slovenia, Cyprus, Belarus, Luxembourg, Norway and South Korea.
"We are very pleased to announce that the highest ranked maternity hospital in Australia, as rated by Medibank members, was The Sunshine Coast Private Hospital in Queensland, followed by Cabrini Hospital in Victoria, and John Flynn - Gold Coast Private Hospital in Queensland." Ms Shay said.
Australia
Another safe country with a low crime rate, Australia is among the best for raising a family. There are many programs funded by the government to support families. High-quality education comes free for all children. That applies to healthcare services as well.
On the other side of the scale, the CIA estimates Monaco has the lowest birth rate in the world at 6.63 average annual births per 1,000 people per year.
When there is only one amount, the amount is highest in Iceland, followed by Sweden, Finland, Denmark, and lowest in France. However, if more than the guarantee can be collected from the noncustodial parent, the amount over the guarantee is forwarded to the child in Denmark, Finland, Norway, and Sweden.
Any pregnancy which comes following a long wait, carries a major risk factor or has been induced by medical treatment, falls in the category of precious pregnancy.
Following Arkansas, the five least expensive states to have a baby in are Alabama, Mississippi, New Mexico and Kentucky.
Recognised as the best place to give birth worldwide is Poland.
Australia is one of the safest places in the world to give birth. And yet our health system sometimes fails women, their families, and the professionals who provide support. The Birth Project is a deep dive into pregnancy, birth, and postpartum experiences, right across Australia.
Best countries in the world for a child to be born in have been revealed, the 2020 index shows that children in South Korea and Norway have the best chance at survival and wellbeing, while the United States ranks 36th.
Currently in Australia, around 97% of births occur in hospital. The remainder are either born before the mother can arrive at hospital, or they are home births with a midwife, or freebirths, where the birth is not attended by any health professional.
You will give birth either in a labour ward or at a birthing centre. Care during the pregnancy and birth is mostly free. The first step is to see your doctor who will discuss the options at different hospitals in your area and give you a referral.
In Australia, pregnancy care in a public hospital or birth centre costs very little because it is mostly covered by Medicare, which covers Australian citizens and some visitors to Australia. In the private system, you will need to pay for your care or take out private health insurance.
Baby Bonus is an income tested payment and is payable to families whose estimated combined adjusted taxable income is $75,000 or less in the 6 months following the date the child first entered your primary care. To get Baby Bonus: you or your partner must be the primary carer of your child.
A child born in Australia to foreign parents is entitled to free public health care services and benefits, including subsidized medicine. A child born in Australia to foreign parents is eligible for social security payments, such as the Age Pension or Disability Support Pension.
If your baby is born in Australia when you and their other parent are on a visa, the baby will automatically have the same visas as you and their other parent. If you are on a visa and the other parent is not an Australian resident or on a visa, your baby will have the same visa as you.