Economy

The pharmaceutical sector is one of strategic importance for our country, bearing a strong financial footprint. According to the latest estimates by IOBE, the overall contribution of the pharma industry in GDP terms is estimated at €6.9% (3.7% of the GDP) in 2018. Thus, for each €1 added value of the companies involved in the pharmaceutical sector another €3.1% are generated for the whole Greek economy. In terms of employment, each job in the pharmaceutical sector sustains another 3 equivalent full-time jobs in the economy. Finally, the impact on tax revenues from the pharma industry is estimated at circa €1.9bil.