In 2023, the United Kingdom led in R&D expenditure for Residential Care and Social Work Activities, valued at 16.09 million USD PPP, followed by Spain at 13.77 million. Significant year-on-year increases were observed in the United Kingdom (5.79%) and Spain (11.71%). South Korea and Iceland showed notable growth at 17.33% and 16.44%, respectively, despite their smaller absolute values.
Looking ahead, attention should focus on emerging trends such as technological integration in care services, growing emphasis on personalized care solutions, and cross-border collaborations which may reshape investment landscapes globally and influence expenditure patterns significantly.
Top countries in Business Enterprise R&D Expenditure in Residential Care Activities and Social Work Activities Without Accommodation by Country
| # | 9 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 16.09 | 2023 | +3.49% | +5.79% | View data |
| 2 | 2 Spain | 13.77 | 2023 | +5.33% | +11.71% | View data |
| 3 | 3 New Zealand | 9.94 | 2023 | +51.49% | View data | |
| 4 | 4 Germany | 2.13 | 2023 | +27.62% | View data | |
| 5 | 5 Finland | 1.07 | 2021 | -2.38% | View data | |
| 6 | 6 South Korea | 0.51 | 2023 | +23.96% | +17.33% | View data |
| 7 | 7 Iceland | 0.44 | 2023 | +1.15% | +16.44% | View data |
| 8 | 8 Portugal | 0.21 | 2021 | +38.82% | View data | |
| 9 | 9 Czech Republic | 0.063 | 2021 | View data |
