In 2024, China leads in global government expenditure on R&D financed by the business sector, followed by Germany and Russia. China's significant growth of 27.3% indicates a strong upward trend, while Germany's slight decline shows stability. Australia exhibits robust growth at 11.14%, and both Spain and Romania show marked increases. In contrast, Ukraine and Poland experience notable declines, highlighting instability in their business-financed R&D expenditures.
Future trends to watch include potential increased investment from the developing economies, as reflected by Argentina's growth, and the role of geopolitical factors influencing countries like Ukraine. Monitoring China's continued momentum will be crucial, alongside trends in Europe and emerging markets.
Top countries in Government Expenditure on R&D Financed by the Business Enterprise Sector Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 56.7 | 2023 | +22.44% | +27.3% | View data |
| 2 | 2 Germany | 10.28 | 2023 | +2% | -0.11% | View data |
| 3 | 3 Russia | 8.14 | 2023 | +2.6% | +1.53% | View data |
| 4 | 4 France | 3.65 | 2023 | +2.23% | -0.28% | View data |
| 5 | 5 Japan | 2.24 | 2023 | +0.0024% | +2.5% | View data |
| 6 | 6 Spain | 2.19 | 2023 | +1.83% | +7.68% | View data |
| 7 | 7 Australia | 2.09 | 2023 | +5.73% | +11.14% | View data |
| 8 | 8 South Korea | 1.83 | 2023 | +1.23% | +1.78% | View data |
| 9 | 9 United States | 1.21 | 2023 | +2.29% | +0.73% | View data |
| 10 | 10 Italy | 1.06 | 2023 | +1.82% | +1.97% | View data |
