• Population: 61.7 million
  • Population > 65 years old: 20.81%
  • Pharmacies: c.18,102
  • Population per pharmacy: c.3,363
  • Total pharm spend: c.$28,894 million, c.$468 per person
  • Generic market share: 20% volume /11% value

Source: IMS 2014 (USD), OECD 2015, PGEU Annual Report 2014




  • Maximum number of pharmacies per owner: Pharmacists can't own more than four outlets in the same province
  • Ownership requirements: Only pharmacists are permitted to own and manage pharmacies. Wholesalers are not permitted to acquire a share in pharmacies

Source: IMS 2014,, WBA internal resources




  • VAT rate on drugs (%): 10% (22% on certain diagnostic test products)

Source: IMS 2014



Pharmacy Students

  • Annual number of graduates that become registered / professional pharmacists: 1,507
  • Specific pharmacy related national entrance examination: Yes (some faculties of pharmacy have a specific written entrance exam)
  • Total number of universities with a pharmacy school: 32
  • Length of course: 5 years
  • Diplomas: Masters degree
  • Fee per year: €1,891 (average)