In 2020, pharmaceutical spending in South Korea amounted to around 1.62 percent of the total Gross Domestic Product (GDP). This represents an increase from the previous year. While pharmaceutical spending in relation to GDP was on the fall during the first half of the decade, it has generally been on the rise since 2015.
Pharmaceutical expenditure as share of the GDP of South Korea from 2008 to 2020
According to the source, pharmaceutical spending covers expenditure on prescription medicines and self-medication (over-the-counter products) and excludes pharmaceuticals consumed in hospitals and other health care settings.
Figures have been rounded.
All figures have been updated based on new reports.
The source did not provide a date of publication. The date used here is the access date.
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OECD. (December 9, 2021). Pharmaceutical expenditure as share of the GDP of South Korea from 2008 to 2020 [Graph]. In Statista. Retrieved January 27, 2022, from https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/
OECD. "Pharmaceutical expenditure as share of the GDP of South Korea from 2008 to 2020." Chart. December 9, 2021. Statista. Accessed January 27, 2022. https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/
OECD. (2021). Pharmaceutical expenditure as share of the GDP of South Korea from 2008 to 2020. Statista. Statista Inc.. Accessed: January 27, 2022. https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/
OECD. "Pharmaceutical Expenditure as Share of The Gdp of South Korea from 2008 to 2020." Statista, Statista Inc., 9 Dec 2021, https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/
OECD, Pharmaceutical expenditure as share of the GDP of South Korea from 2008 to 2020 Statista, https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/ (last visited January 27, 2022)
