{"id":16652,"date":"2024-11-20T09:00:55","date_gmt":"2024-11-20T08:00:55","guid":{"rendered":"https:\/\/www.ifpma.org\/?post_type=publications&#038;p=16652"},"modified":"2024-11-20T11:07:26","modified_gmt":"2024-11-20T10:07:26","slug":"the-economic-impact-of-the-global-pharmaceutical-industry","status":"publish","type":"publications","link":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/","title":{"rendered":"The economic impact of the global pharmaceutical industry"},"content":{"rendered":"<p class=\"intro\">IFPMA commissioned <a href=\"https:\/\/www.wifor.com\/en\/\">WifOR Institute<\/a> to analyze the economic impacts of the global pharmaceutical industry, focusing on contributions to gross domestic product (GDP), job creation, and research and development (R&amp;D) activities.<\/p>\n<p>The report shows that in 2022, the pharmaceutical industry facilitated the creation of approximately 74.9 million jobs, both directly and through spillover effects. Of these:<\/p>\n<ul>\n<li>7.8 million people were directly employed by the industry<\/li>\n<li>44.7 million jobs were supported indirectly<\/li>\n<li>22.4 million jobs supported through induced effects in the supply chain<\/li>\n<\/ul>\n<p>The industry contributed USD 2,295 billion to the global GDP, including direct and spillover effects. The pharmaceutical sector\u2019s R&amp;D activities alone added USD 227 billion to global GDP, 30% of its direct contribution to the world economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This report from WifOR analyzes the economic impacts of the global pharmaceutical industry, focusing on contributions to Gross Domestic Product (GDP), job creation, and research and development (R&#038;D) activities. <\/p>\n","protected":false},"featured_media":16663,"template":"","publication_type":[8],"topic":[],"class_list":["post-16652","publications","type-publications","status-publish","has-post-thumbnail","hentry","publication_type-external-study"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The economic impact of the global pharmaceutical industry | IFPMA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The economic impact of the global pharmaceutical industry | IFPMA\" \/>\n<meta property=\"og:description\" content=\"This report from WifOR analyzes the economic impacts of the global pharmaceutical industry, focusing on contributions to Gross Domestic Product (GDP), job creation, and research and development (R&amp;D) activities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"IFPMA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IFPMA\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-20T10:07:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"492\" \/>\n\t<meta property=\"og:image:height\" content=\"727\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IFPMA\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/\",\"url\":\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/\",\"name\":\"The economic impact of the global pharmaceutical industry | IFPMA\",\"isPartOf\":{\"@id\":\"https:\/\/www.ifpma.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png\",\"datePublished\":\"2024-11-20T08:00:55+00:00\",\"dateModified\":\"2024-11-20T10:07:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#primaryimage\",\"url\":\"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png\",\"contentUrl\":\"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png\",\"width\":492,\"height\":727},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ifpma.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\/\/www.ifpma.org\/publications\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The economic impact of the global pharmaceutical industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ifpma.org\/#website\",\"url\":\"https:\/\/www.ifpma.org\/\",\"name\":\"IFPMA\",\"description\":\"Innovating to improve health worldwide\",\"publisher\":{\"@id\":\"https:\/\/www.ifpma.org\/#organization\"},\"alternateName\":\"International Federation of Pharmaceutical Manufacturers and Associations\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ifpma.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ifpma.org\/#organization\",\"name\":\"IFPMA\",\"alternateName\":\"International Federation of Pharmaceutical Manufacturers and Associations\",\"url\":\"https:\/\/www.ifpma.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ifpma.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ifpma.org\/wp-content\/uploads\/2023\/04\/ifpma-logo-landscape-narrow.png\",\"contentUrl\":\"https:\/\/www.ifpma.org\/wp-content\/uploads\/2023\/04\/ifpma-logo-landscape-narrow.png\",\"width\":1379,\"height\":733,\"caption\":\"IFPMA\"},\"image\":{\"@id\":\"https:\/\/www.ifpma.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/IFPMA\/\",\"https:\/\/x.com\/IFPMA\",\"https:\/\/www.linkedin.com\/company\/ifpma\/\",\"https:\/\/www.youtube.com\/user\/ifpma\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The economic impact of the global pharmaceutical industry | IFPMA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/","og_locale":"en_US","og_type":"article","og_title":"The economic impact of the global pharmaceutical industry | IFPMA","og_description":"This report from WifOR analyzes the economic impacts of the global pharmaceutical industry, focusing on contributions to Gross Domestic Product (GDP), job creation, and research and development (R&D) activities.","og_url":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/","og_site_name":"IFPMA","article_publisher":"https:\/\/www.facebook.com\/IFPMA\/","article_modified_time":"2024-11-20T10:07:26+00:00","og_image":[{"width":492,"height":727,"url":"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@IFPMA","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/","url":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/","name":"The economic impact of the global pharmaceutical industry | IFPMA","isPartOf":{"@id":"https:\/\/www.ifpma.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#primaryimage"},"image":{"@id":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png","datePublished":"2024-11-20T08:00:55+00:00","dateModified":"2024-11-20T10:07:26+00:00","breadcrumb":{"@id":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#primaryimage","url":"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png","contentUrl":"https:\/\/www.ifpma.org\/wp-content\/uploads\/2024\/11\/Cover_WifOR_Report-1.png","width":492,"height":727},{"@type":"BreadcrumbList","@id":"https:\/\/www.ifpma.org\/publications\/the-economic-impact-of-the-global-pharmaceutical-industry\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ifpma.org\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.ifpma.org\/publications\/"},{"@type":"ListItem","position":3,"name":"The economic impact of the global pharmaceutical industry"}]},{"@type":"WebSite","@id":"https:\/\/www.ifpma.org\/#website","url":"https:\/\/www.ifpma.org\/","name":"IFPMA","description":"Innovating to improve health worldwide","publisher":{"@id":"https:\/\/www.ifpma.org\/#organization"},"alternateName":"International Federation of Pharmaceutical Manufacturers and Associations","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ifpma.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ifpma.org\/#organization","name":"IFPMA","alternateName":"International Federation of Pharmaceutical Manufacturers and Associations","url":"https:\/\/www.ifpma.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ifpma.org\/#\/schema\/logo\/image\/","url":"https:\/\/www.ifpma.org\/wp-content\/uploads\/2023\/04\/ifpma-logo-landscape-narrow.png","contentUrl":"https:\/\/www.ifpma.org\/wp-content\/uploads\/2023\/04\/ifpma-logo-landscape-narrow.png","width":1379,"height":733,"caption":"IFPMA"},"image":{"@id":"https:\/\/www.ifpma.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/IFPMA\/","https:\/\/x.com\/IFPMA","https:\/\/www.linkedin.com\/company\/ifpma\/","https:\/\/www.youtube.com\/user\/ifpma"]}]}},"_links":{"self":[{"href":"https:\/\/www.ifpma.org\/wp-json\/wp\/v2\/publications\/16652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ifpma.org\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/www.ifpma.org\/wp-json\/wp\/v2\/types\/publications"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ifpma.org\/wp-json\/wp\/v2\/media\/16663"}],"wp:attachment":[{"href":"https:\/\/www.ifpma.org\/wp-json\/wp\/v2\/media?parent=16652"}],"wp:term":[{"taxonomy":"publication_type","embeddable":true,"href":"https:\/\/www.ifpma.org\/wp-json\/wp\/v2\/publication_type?post=16652"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.ifpma.org\/wp-json\/wp\/v2\/topic?post=16652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}