In 2023, South Korea led the global intramural R&D expenditure in natural sciences and engineering with a notable value of $115.88 billion PPP, showcasing a 4.69% yearly increase. Taiwan followed with $59.39 billion and an impressive 8.71% growth. Russia, Canada, and Poland also showed investments at $39.04 billion, $27.75 billion, and $18.84 billion, respectively, with Poland seeing significant growth of 8.09%. Other noteworthy grower was Portugal with an 8.86% increase. Mexico was the outlier, experiencing a decrease by 6.06%, highlighting regional economic strains.
Future trends suggest emphasis on increasing investments in R&D for technological advancement, particularly in AI, clean energy, and biotechnology. Countries focusing on digital transformation and renewable energy sectors will likely experience robust growth. Developing nations might struggle with R&D investments due to economic and political challenges.
Top countries in Total Intramural Expenditure on R&D in Natural Sciences and Engineering by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 115,880 | 2023 | +4.32% | +4.69% | View data |
| 2 | 2 Taiwan | 59,390 | 2023 | +8.3% | +8.71% | View data |
| 3 | 3 Russia | 39,040 | 2023 | +1.11% | +2.24% | View data |
| 4 | 4 Canada | 27,750 | 2023 | +0.73% | +0.65% | View data |
| 5 | 5 Poland | 18,840 | 2023 | +6.64% | +8.09% | View data |
| 6 | 6 Singapore | 11,910 | 2023 | +2.87% | +5.44% | View data |
| 7 | 7 Czech Republic | 7,920 | 2023 | +2.56% | +2.29% | View data |
| 8 | 8 Portugal | 5,720 | 2023 | +8.68% | +8.86% | View data |
| 9 | 9 Hungary | 5,320 | 2023 | +4.28% | +4.96% | View data |
| 10 | 10 Mexico | 4,310 | 2023 | -6.55% | -6.06% | View data |
