South Korea leads global private non-profit R&D expenditures, with a substantial forecasted increase of 13.19% for 2023. Japan and the UK also contribute notably, displaying minor growth trends. Italy and Russia show positive growth, with Russia notably increasing by 11.32%. Recent declines in Chile and Slovakia reflect an opposite trend, with Slovakia showing a significant contraction of 40.08%. Israel and Estonia exhibit slight declines year-over-year.
Looking forward, the global landscape may be influenced by heightened focus on innovation and technology development, political-economic influences, and emerging R&D hubs, possibly escalating competition and fostering collaboration among different regions.
Top countries in Private Non-Profit Expenditure on R&D in All Fields Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 33.01 | 2023 | +6.87% | +13.19% | View data |
| 2 | 2 Japan | 28.96 | 2023 | +2.43% | +0.052% | View data |
| 3 | 3 United Kingdom | 16.42 | 2023 | +0.48% | +3.02% | View data |
| 4 | 4 Italy | 7.99 | 2023 | -1.16% | +2.94% | View data |
| 5 | 5 Russia | 2.48 | 2023 | +4.32% | +11.32% | View data |
| 6 | 6 Israel | 1.94 | 2023 | -0.0088% | -0.75% | View data |
| 7 | 7 Canada | 1.86 | 2023 | +2.97% | +1.31% | View data |
| 8 | 8 Portugal | 1.74 | 2023 | +1.03% | +12.55% | View data |
| 9 | 9 Mexico | 1.17 | 2023 | +1.54% | +1.65% | View data |
| 10 | 10 Spain | 1.06 | 2023 | +1.29% | +7.03% | View data |
