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The island nation invests a lot in healthcare. It's estimated that by 2029 health expenditures will reach 11.25% of GDP.
The southern European country ranks in the 14th position with a pharmaceutical spending of $595 per capita.
In Ireland, over 80% of total pharmaceutical costs are covered by the government and insurance schemes.
Ireland invests a lot in healthcare and medication accessibility. The nation spends $625 per capita.
The majority of pharmaceutical spending is on prescription medicines. Back in 2021, imports reached 6.3 billion.
Belgium's pharmaceutical spending per capita is $649. This includes both prescription medicines and over-the-counter ones.
In 2021 alone, Belgium spent $6,600 per capita on health in general, which is the equivalent to over 10% of its GDP.
Iceland is one of the countries that spends the most in pharmaceutics per capita. A total of $632, to be be more precise.
In 2022, Greece spent $740 per capita in pharmaceuticals.
With a per capita health expenditure equivalent to 5.5% of its GDP, Luxemburg ranks above the OECD average,
In 2022 alone, the country's total expenditure was €30.8 billion (around $33.7 billion).
Most pharmaceutical spending is covered by the Greek government. The country spends a lot in treatments related to respiratory conditions and cancer.
Italy comes in 8th place with a pharmaceutical spending per capita of $748.
Austria's pharmaceutical spending per capita comes in at $765.
Luxembourg is also a country that invests a lot in healthcare and medication accessibility. The European nation spends $706 per capita.
In 2022 alone, pharmaceutical sales in the country reached approximately $8.6 billion. Austria's pharmaceutical exports amounted to $13.2 billion.
The Swiss pharmaceutical industry employs over 47,000 people directly, and approximately 63,000 individuals work in related roles.
The nation's healthcare system provides a range of medical treatments, with an emphasis on controlling drug prices according to their value.
Canada comes 3rd in the countries with the highest pharmaceutical spending per capita, at $914.
South Korea has one of the highest pharmaceutical spending per capita in the world, at around $803.
Switzerland's pharmaceutical spending per capita is $803.
Spending is considerably different between provinces. In Ontario alone, about C$1,259 were spent per person in 2023.
The European nation is the runner up when it comes to the countries that spend the most on medication per capita, at $1,042.
The United States is the country that spends the most money on medication. The nation's pharmaceutical spending per capita is $1,432.
In 2021 alone, Germany's total health expenditure was €474.1 billion (around $520.01), which is €5,699 (around $6,250.92) per person.
Back in 2020, the equivalent to 7.23% of the country’s GDP was being allocated to pharmaceutical expenditure.
The European nation has a pharmaceutical spending of US$531 per capita. Slovakia’s strong commitment to healthcare has been increasing over the years.
France is one of the countries that spend the most on pharmaceuticals. The nation's spending per capita is $766.
The country's pharmaceutical industry is largely dependent on local manufacturers, with approximately 80% of its supply coming from domestic sources.
Per capita spending on prescription drugs has surged significantly, rising from $140 in 1980 to $1,073 in 2018.
Sources: (Insider Monkey) (Yahoo)
See also: The countries with the best healthcare in the world
Countries spend a lot of money on medication. Pharmaceutical expenditure varies significantly worldwide, with some countries spending a lot of money per capita to have medications available to its citizens. But which nations spend the most?
In this gallery, you will find information based on data by the Organisation for Economic Co-operation and Development (OECD). It should be noted that some of this data is only as recent as 2022.
Which countries spend the most on medication?
From Europe to America
HEALTH Pharmaceutical spending
Countries spend a lot of money on medication. Pharmaceutical expenditure varies significantly worldwide, with some countries spending a lot of money per capita to have medications available to its citizens. But which nations spend the most?
In this gallery, you will find information based on data by the Organisation for Economic Co-operation and Development (OECD). It should be noted that some of this data is only as recent as 2022.