Belgium leads the European Basic Pharmaceutical Products and Pharmaceutical Preparations Production Index with a significant 45.47, showcasing its dominant production capabilities in 2023. Other notable countries include Greece and Denmark, with indices of 23.05 and 22.45, respectively. Lithuania trails behind at 5.0. The year 2022 saw substantial growth, with Belgium experiencing a 30.92% increase, while Greece and Denmark increased by 15.08% and 13.61%, respectively. Notably, Norway and Lithuania faced declines, highlighting potential challenges in their pharmaceutical sectors.
Future trends to watch for include continued growth in Belgium, Greece, and Denmark. The increasing demand for pharmaceuticals, driven by an aging population and new medical advancements, could foster further expansion. Conversely, countries like Norway and Lithuania may need to address production hindrances to remain competitive.
Top countries in Basic Pharmaceutical Products and Pharmaceutical Preparations Production Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 454.7 | 2022 | +2.27% | +30.92% | View data |
| 2 | 2 Greece | 230.5 | 2022 | +11.3% | +15.08% | View data |
| 3 | 3 Denmark | 224.5 | 2022 | +49.77% | +13.61% | View data |
| 4 | 4 Switzerland | 185.2 | 2022 | +12.93% | +9.6% | View data |
| 5 | 5 Macedonia | 173.9 | 2022 | +19.03% | +7.52% | View data |
| 6 | 6 Norway | 172 | 2022 | +6.57% | -0.4% | View data |
| 7 | 7 Czech Republic | 163.7 | 2022 | +8.05% | +7.49% | View data |
| 8 | 8 Portugal | 151.4 | 2022 | +8.53% | +7.88% | View data |
| 9 | 9 Spain | 133.9 | 2022 | +10.39% | +4.55% | View data |
| 10 | 10 Netherlands | 128.2 | 2022 | +11% | +5.01% | View data |
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