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15. Slovakia -

The European nation has a pharmaceutical spending of US$531 per capita. Slovakia’s strong commitment to healthcare has been increasing over the years.

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15. Slovakia -

Back in 2020, the equivalent to 7.23% of the country’s GDP was being allocated to pharmaceutical expenditure.

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14. Spain -

The southern European country ranks in the 14th position with a pharmaceutical spending of $595 per capita.

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14. Spain -

The majority of pharmaceutical spending is on prescription medicines. Back in 2021, imports reached 6.3 billion.

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13. Ireland -

Ireland invests a lot in healthcare and medication accessibility. The nation spends $625 per capita.

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13. Ireland -

In Ireland, over 80% of total pharmaceutical costs are covered by the government and insurance schemes.

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12. Iceland -

Iceland is one of the countries that spends the most in pharmaceutics per capita. A total of $632, to be be more precise. 

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12. Iceland -

The island nation invests a lot in healthcare. It's estimated that by 2029 health expenditures will reach 11.25% of GDP.

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11. Belgium -

Belgium's pharmaceutical spending per capita is $649. This includes both prescription medicines and over-the-counter ones.

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11. Belgium -

In 2021 alone, Belgium spent $6,600 per capita on health in general, which is the equivalent to over 10% of its GDP.

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10. Luxembourg -

Luxembourg is also a country that invests a lot in healthcare and medication accessibility. The European nation spends $706 per capita.

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10. Luxembourg -

With a per capita health expenditure equivalent to 5.5% of its GDP, Luxemburg ranks above the OECD average, 

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9. Greece -

In 2022, Greece spent $740 per capita in pharmaceuticals. 

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9. Greece -

Most pharmaceutical spending is covered by the Greek government. The country spends a lot in treatments related to respiratory conditions and cancer.

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8. Italy -

Italy comes in 8th place with a pharmaceutical spending per capita of $748.

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8. Italy -

In 2022 alone, the country's total expenditure was €30.8 billion (around $33.7 billion).

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7. Austria -

Austria's pharmaceutical spending per capita comes in at $765.

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7. Austria -

In 2022 alone, pharmaceutical sales in the country reached approximately $8.6 billion. Austria's pharmaceutical exports amounted to $13.2 billion.

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6. France -

France is one of the countries that spend the most on pharmaceuticals. The nation's spending per capita is $766.

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6. France -

The nation's healthcare system provides a range of medical treatments, with an emphasis on controlling drug prices according to their value.

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5. Switzerland -

Switzerland's pharmaceutical spending per capita is $803.

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5. Switzerland -

The Swiss pharmaceutical industry employs over 47,000 people directly, and approximately 63,000 individuals work in related roles.

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4 South Korea -

South Korea has one of the highest pharmaceutical spending per capita in the world, at around $803.

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4. South Korea -

The country's pharmaceutical industry is largely dependent on local manufacturers, with approximately 80% of its supply coming from domestic sources.

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3. Canada -

Canada comes 3rd in the countries with the highest pharmaceutical spending per capita, at $914.

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3. Canada -

Spending is considerably different between provinces. In Ontario alone, about C$1,259 were spent per person in 2023. 

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2. Germany -

The European nation is the runner up when it comes to the countries that spend the most on medication per capita, at $1,042. 

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2. Germany -

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.

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1. United States -

The United States is the country that spends the most money on medication. The nation's pharmaceutical spending per capita is $1,432. 

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1. United States -

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

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