The UK has the most young people taking cocaine and amphetamine, plus double the average number of people who use ecstacy.
Drug-related deaths are three times the EU average and rose from 49 out of every 1 million people in 2006 to 59 per million in 2009.
It is estimated that 4.8 per cent of young Brits have taken coke in the last year, which is the second year running that we have taken more than neighbouring countries.
The report says that nearly one in 20 British 15 to 34-year-olds – more than any other European country – have taken cocaine in the last year.
But the report suggests experts believe that cocaine use has peaked in Europe, with figures dropping from 2009’s 6.1 per cent of young people taking the drug.
It said: “The new data presented today raises the question as to whether its popularity has now peaked.
“The financial burden associated with regular cocaine use may make it a less attractive option in countries where austerity is now the order of the day.”
The report says the fall in cocaine use will see more legal highs being used.
Suppliers are always creating new alternatives to banned products, said the European Monitoring Centre for Drugs and Drug Addiction.
It said: “Today’s report reveals a similar cat-and-mouse game in the area of precursors, the chemicals used to manufacture illicit drugs.”
Legal high Meow Meow was banned in Britain in 2009 after 25 people died after taking the drug.
The report states that 39 new substances have been identified so far this year.
