TABLE 1.

Trends in pharmaceutical expenditures and economic and demographic changes by year.

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	Change (CAGR) (%)
Demographic changes a
Total population (1,000 population)	49,554	49,937	50,200	50,429	50,747	51,015	51,218	51,362	51,607	51,709	0.47
Population above 65 years of age (1,000 population 65+)	5,288	5,516	5,795	6,057	6,319	6,566	6,790	7,148	7,459	7,826	4.45
Proportion of elderly	10.7%	11.0%	11.5%	12.0%	12.5%	12.9%	13.3%	13.9%	14.5%	15.1%	3.90
Expenditures
Gross domestic product (GDP) per capita (USD) b	23,083	25,100	25,458	27,178	29,242	28,724	29,287	31,605	33,429	31,838	3.64
Total medical expenditures as a proportion of GDP b	5.9%	6.0%	6.1%	6.2%	6.5%	6.7%	6.9%	7.1%	7.6%	8.0%	3.44
Total medical expenditures (billion USD) c	65	70	74	78	84	92	100	109	119	128	7.82
Total pharmaceutical expenditures (billion USD)	11.3	11.8	11.4	11.6	12.1	12.7	14.0	14.8	16.1	17.4	4.91
Total pharmaceutical expenditures per person (thousand USD, under 65)	0.16	0.17	0.16	0.16	0.17	0.17	0.19	0.20	0.21	0.22	3.65
Total pharmaceutical expenditures per person (thousand USD, 65+)	0.77	0.79	0.74	0.74	0.75	0.77	0.83	0.86	0.91	0.96	2.51
Pharmaceutical expenditures as a proportion of medical expenditures	24.7%	24.2%	23.3%	22.2%	21.4%	20.8%	20.8%	20.4%	20.0%	20.0%	−2.32
Number of medicines
Total number of products	14,169	13,663	13,580	14,568	15,656	17,361	19,817	20,636	21,134	21,160	4.56
Number of new drugs	–	198	238	259	254	488	395	324	275	232	2.00
Number of continued drugs	13,921	14,715	14,163	14,784	15,860	17,256	19,830	21,054	21,651	22,659	5.56
Number of abandoned drugs	248	248	271	329	228	229	186	372	266	399	5.43

^aKorean Statistical Information Service (KOSIS) census data.

^bOECD.

^cKorean Statistical Information Service, update 09-08-2020 (MDY).

CAGR, compound annual growth rate.