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
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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OECD. (July 18, 2023). Pharmaceutical expenditure as share of the GDP of South Korea from 2000 to 2022 [Graph]. In Statista. Retrieved October 02, 2024, 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 2000 to 2022." Chart. July 18, 2023. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/
OECD. (2023). Pharmaceutical expenditure as share of the GDP of South Korea from 2000 to 2022. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/
OECD. "Pharmaceutical Expenditure as Share of The Gdp of South Korea from 2000 to 2022." Statista, Statista Inc., 18 Jul 2023, https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/
OECD, Pharmaceutical expenditure as share of the GDP of South Korea from 2000 to 2022 Statista, https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/ (last visited October 02, 2024)
Pharmaceutical expenditure as share of the GDP of South Korea from 2000 to 2022 [Graph], OECD, July 18, 2023. [Online]. Available: https://www.statista.com/statistics/976474/south-korea-pharmaceutical-spending-gdp-share/