This statistic depicts the average ratio of median international prices to prices in Canada for patented drug products between 2004 and 2023. In 2023, the ratio between international prices and Canadian prices averaged 1.2.
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Average ratio of median international prices to Canadian prices for patented drugs from 2004 to 2023
Characteristic
Average ratio (international to Candian prices)
2023*
1.2
2022
1.13
2021
1.12
2020
1.16
2019
1.16
2018
1.2
2017
1.26
2016
1.25
2015
1.18
2014
1.13
2013
1.06
2012
1.07
2011
1.05
Created with Highcharts 7.2.2Average ratio (international to Candian prices)1.161.161.141.141.071.071.031.031.031.031.041.041.061.061.051.051.071.071.061.061.131.131.181.181.251.251.261.261.21.21.161.161.161.161.121.121.131.131.21.220042005200620072008200920102011201220132014201520162017201820192020202120222023*
00.250.50.7511.251.5
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The PMPRB (Patented Medicine Prices Review Board) conducts an international price comparison of all patented drugs sold in Canada using seven foreign countries: France, Germany, Italy, Sweden, Switzerland, the United Kingdom and the United States.
* For 2023, only a ratio of the highest international list price (HIP, including a group of 11 countries) to the Canadian list price was available.
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PMPRB. (December 6, 2024). Average ratio of median international prices to Canadian prices for patented drugs from 2004 to 2023 [Graph]. In Statista. Retrieved July 14, 2025, from https://www.statista.com/statistics/422718/ratio-of-patented-drug-international-price-to-price-in-canada/
PMPRB. "Average ratio of median international prices to Canadian prices for patented drugs from 2004 to 2023." Chart. December 6, 2024. Statista. Accessed July 14, 2025. https://www.statista.com/statistics/422718/ratio-of-patented-drug-international-price-to-price-in-canada/
PMPRB. (2024). Average ratio of median international prices to Canadian prices for patented drugs from 2004 to 2023. Statista. Statista Inc.. Accessed: July 14, 2025. https://www.statista.com/statistics/422718/ratio-of-patented-drug-international-price-to-price-in-canada/
PMPRB. "Average Ratio of Median International Prices to Canadian Prices for Patented Drugs from 2004 to 2023." Statista, Statista Inc., 6 Dec 2024, https://www.statista.com/statistics/422718/ratio-of-patented-drug-international-price-to-price-in-canada/
PMPRB, Average ratio of median international prices to Canadian prices for patented drugs from 2004 to 2023 Statista, https://www.statista.com/statistics/422718/ratio-of-patented-drug-international-price-to-price-in-canada/ (last visited July 14, 2025)
Average ratio of median international prices to Canadian prices for patented drugs from 2004 to 2023 [Graph], PMPRB, December 6, 2024. [Online]. Available: https://www.statista.com/statistics/422718/ratio-of-patented-drug-international-price-to-price-in-canada/
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