In 2024, Malta leads European healthcare expenditure on prescribed medicines as a percentage of GDP at 1.77%, followed closely by Cyprus at 1.67%. Germany also ranks high with 1.52%, whereas Denmark and Luxembourg exhibit the lowest expenditures with values of 0.4% and 0.41%, respectively. Year-on-year variations from 2023 reveal significant fluctuations: Malta (+6.86%), Cyprus (+14.46%), and Iceland (+7.89%) saw considerable increases, whereas Poland (-3.26%) and Latvia (-2.53%) experienced notable decreases. Over the past five years, trends indicate generally stable to moderately increasing expenditures driven by ongoing healthcare investments.
Future trends to watch for include:
- Impacts of aging populations on healthcare demand across Europe
- Implementation and effects of new drug policies and pricing regulations
- Advancements in pharmaceutical technologies and personalized medicine
- Economic shifts affecting national budgets available for healthcare
Top countries in Healthcare Expenditure on Prescribed Medicines by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malta | 1.77 | 2023 | +2.31% | +6.86% | View data |
| 2 | 2 Cyprus | 1.67 | 2023 | +10.6% | +14.46% | View data |
| 3 | 3 Hungary | 1.66 | 2023 | +1.22% | -0.24% | View data |
| 4 | 4 Germany | 1.52 | 2023 | +0.66% | +1.23% | View data |
| 5 | 5 Slovakia | 1.35 | 2023 | -1.46% | -1.69% | View data |
| 6 | 6 France | 1.27 | 2023 | -1.55% | -0.62% | View data |
| 7 | 7 Slovenia | 1.18 | 2023 | 0% | +0.69% | View data |
| 8 | 8 Croatia | 1.18 | 2023 | +1.72% | +3.78% | View data |
| 9 | 9 Spain | 1.09 | 2023 | -0.91% | +1.34% | View data |
| 10 | 10 Bosnia and Herzegovina | 1.06 | 2023 | -0.93% | +1.17% | View data |
