In 2023, South Korea led global government expenditure on R&D in engineering and technology with significant investment followed by Germany and Japan, both showing strong year-on-year growth rates of over 4%. Germany experienced the highest year-on-year increase at 6.15%, while Russian expenditure declined by 1.67%. Emerging contributors like Poland and Hungary also demonstrated remarkable annual growth rates at 15.04% and 11.55%, respectively. Conversely, countries including the Netherlands and Slovakia saw declines in their R&D spending.
Future trends suggest increased investments from leading tech nations aiming to sustain innovation and competitive advantage. Watch for growing contributions from emerging markets and a potential shift towards sustainability and digitalization initiatives.
Top countries in Government Expenditure on R&D in Engineering and Technology Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 22.52 | 2023 | +3.96% | +5.11% | View data |
| 2 | 2 Germany | 20.03 | 2023 | +5.6% | +6.15% | View data |
| 3 | 3 Japan | 19.88 | 2023 | +1.68% | +4.21% | View data |
| 4 | 4 Russia | 17.22 | 2023 | +1.92% | -1.67% | View data |
| 5 | 5 Taiwan | 5.66 | 2023 | +0.31% | +2.54% | View data |
| 6 | 6 Italy | 2.95 | 2023 | +4.39% | +5.73% | View data |
| 7 | 7 Spain | 2.69 | 2023 | +1.34% | +2.14% | View data |
| 8 | 8 Singapore | 2.15 | 2023 | +2.96% | +3.08% | View data |
| 9 | 9 United Kingdom | 1.99 | 2023 | +2.66% | +4.6% | View data |
| 10 | 10 Romania | 0.82 | 2023 | +2.92% | -0.91% | View data |
