In 2023, South Korea led global R&D capital costs with 0.44% of GDP, closely followed by Japan at 0.36% and Taiwan at 0.35%. European countries like Belgium and Germany displayed moderate investment levels at 0.34% and 0.28%, respectively. The United States stood at a lower 0.18%, despite a 4.63% year-on-year increase. Notably, Slovakia saw an 8.12% rise. Conversely, Singapore and Luxembourg experienced significant declines, impacting their R&D contributions. Countries like China and France saw reductions of -0.77% and -1.74%, respectively.
Looking forward, trends to watch for include South Korea and Belgium maintaining their leadership due to consistent investment growth. Additionally, emerging markets like Slovakia may become significant contributors if current growth trends continue. Countries with negative trends like Argentina, Singapore, and Spain may require strategic shifts to halt declines.
Top countries in R&D Capital Costs by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 0.44 | 2023 | -0.12% | +1.87% | View data |
| 2 | 2 Japan | 0.36 | 2023 | -0.18% | +1.3% | View data |
| 3 | 3 Taiwan | 0.35 | 2023 | +0.65% | +1.22% | View data |
| 4 | 4 Belgium | 0.34 | 2023 | +2.89% | +4.6% | View data |
| 5 | 5 Germany | 0.28 | 2023 | +0.71% | +1.03% | View data |
| 6 | 6 Poland | 0.25 | 2023 | +1.7% | +0.41% | View data |
| 7 | 7 China | 0.24 | 2023 | +0.056% | -0.77% | View data |
| 8 | 8 Austria | 0.23 | 2023 | +0.65% | +0.92% | View data |
| 9 | 9 France | 0.22 | 2023 | -0.49% | -1.74% | View data |
| 10 | 10 Sweden | 0.21 | 2023 | +1.49% | +2.41% | View data |
