South Korea: pharmaceutical spending as share of GDP 2021

In 2021, pharmaceutical spending in South Korea amounted to around 1.63 percent of the total Gross Domestic Product (GDP). This represents a slight decrease 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 2021

Characteristic	Share of GDP
2021	1.63%
2020	1.67%
2019	1.58%
2018	1.5%
2017	1.44%
2016	1.44%
2015	1.38%
2014	1.39%
2013	1.39%
2012	1.43%
2011	1.45%
2010	1.46%
2009	1.46%
2008	1.38%

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Release date

November 2022

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Region

South Korea

Survey time period

2008 to 2021

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.

2020 figure has 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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