Using Statistics Canada's model of the economy, this analysis estimates the economic contribution of the community pharmacy sector. Canada's unique community pharmacy sector supplies products and services that improve health outcomes and support the creation of jobs.
Canada's community pharmacy sector is unique, providing healthcare to residents in a retail setting. It contributes to Canada's wealth several ways: it improves health outcomes, creates efficiencies in the broader healthcare system, and creates jobs.
The direct economic footprint of the sector is the portion of Canada's overall gross domestic product (GDP), employment, and labour income that is linked to the activities of the pharmacy sector. With 49 community pharmacies in Prince Edward Island, the pharmacy sector provides significant contributions to GDP, income, and jobs in P.E.I. and to the rest of Canada.