Sweden pays double for depression

The financial costs of depression have more than doubled in Sweden over the last eight years.

As sick leave and early retirement brought about by depression have become more common, costs have shot up from 16.1 to 32.9 billion kronor, according to a new study.

The calculations used in the study are based on direct healthcare costs and indirect costs in the form of reduced productivity resulting from absence due to sick leave.

“Our study shows the high price of depression in Sweden, as well as indicating the need for a real effort to slow down the spiralling societal costs of the illness,” said Patrik Sobocki from Karolinska Institutet, one of the researchers behind the study.

This is the first major study to look at the costs surrounding depression over a longer time period.

The results of the study are to be publishing in a forthcoming issue of European Psychiatry.