In 2023, Germany led Global Business Enterprise R&D Expenditure in Natural Sciences and Engineering, with significant expenditure. South Korea and Poland also showcased notable investments, with South Korea experiencing a sharp year-on-year growth of 34.04%. Lithuania saw the highest growth percentage of 18.39% among smaller economies, while Slovenia experienced a decline of 3.57%. Over five years, Estonia demonstrated the most consistent growth trend, indicating a strategic outlook towards R&D investment.
Future trends to watch for focus on:
- Increased R&D investments by emerging economies possibly narrowing gaps with leading countries.
- Growing emphasis on sustainable and digital innovations in R&D efforts globally.
- Impact of geopolitical dynamics on R&D funding allocations and cross-border collaborations.
Top countries in Business Enterprise R&D Expenditure in Research and Experimental Development on Natural Sciences and Engineering Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34.02 | 2023 | +7% | +8.62% | View data |
| 2 | 2 South Korea | 20.03 | 2023 | +9.78% | +34.04% | View data |
| 3 | 3 Poland | 13.09 | 2023 | +6.88% | +6.43% | View data |
| 4 | 4 Italy | 9.9 | 2023 | +2.1% | +3.54% | View data |
| 5 | 5 Hungary | 6.8 | 2023 | +14.81% | +6.53% | View data |
| 6 | 6 Czech Republic | 4.65 | 2023 | +1.55% | +3.41% | View data |
| 7 | 7 Norway | 4.46 | 2023 | +3.82% | +5.13% | View data |
| 8 | 8 Portugal | 1.72 | 2023 | +5.65% | +10.34% | View data |
| 9 | 9 Lithuania | 1.2 | 2023 | +8.37% | +18.39% | View data |
| 10 | 10 Iceland | 0.9 | 2023 | +2.79% | +11.11% | View data |
