South Korea: pharmaceutical spending as share of GDP 2022

In 2022, pharmaceutical spending in South Korea amounted to around 1.7 percent of the total Gross Domestic Product (GDP). This represents a slight increase from the previous year. Pharmaceutical spending in relation to GDP has been above one percent since the year 2001, and has continued to slowly but steadily increase year by year.

Pharmaceutical expenditure as share of the GDP of South Korea from 2000 to 2022

Characteristic	Share of GDP
2022	1.71%
2021	1.65%
2020	1.68%
2019	1.59%
2018	1.51%
2017	1.45%
2016	1.44%
2015	1.39%
2014	1.39%
2013	1.39%
2012	1.44%
2011	1.46%
2010	1.46%
2009	1.47%
2008	1.39%
2007	1.36%
2006	1.36%
2005	1.25%
2004	1.22%
2003	1.22%
2002	1.11%
2001	1.14%
2000	0.94%

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Release date

July 2023

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Region

South Korea

Survey time period

2000 to 2022

Supplementary notes

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.

The source did not provide a date of publication. The date used here is the access date.

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