The United States dominates the global business enterprise R&D expenditure in real estate activities with expenditures significantly ahead of other countries. Notable year-on-year increases were seen in the U.S. (21.24%) and Germany (39.36%), indicating a strong emphasis on innovation in these markets. Countries like Italy and Mexico experienced declines, suggesting potential shifts in economic or policy factors influencing R&D spend. Lithuania's 31.48% increase highlights its emerging focus in this area.
Future trends suggest a continued emphasis on technological integration within real estate, with potential growth in digital infrastructure investments. Countries investing heavily in sustainable urban development are likely to see increased R&D activities.
Top countries in Business Enterprise R&D Expenditure in Real Estate Activities by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,660 | 2023 | +10.18% | +21.24% | View data |
| 2 | 2 United Kingdom | 396.49 | 2021 | +17.71% | View data | |
| 3 | 3 Italy | 28.68 | 2023 | +26.8% | -14.06% | View data |
| 4 | 4 Spain | 20.88 | 2023 | +3.33% | +1.91% | View data |
| 5 | 5 Canada | 18.07 | 2023 | +3.46% | +1.74% | View data |
| 6 | 6 South Korea | 17.65 | 2023 | +4.38% | +10.6% | View data |
| 7 | 7 New Zealand | 15.28 | 2023 | -5.5% | View data | |
| 8 | 8 Taiwan | 12.42 | 2023 | +14.63% | +17.19% | View data |
| 9 | 9 Germany | 10.72 | 2023 | +17.25% | +39.36% | View data |
| 10 | 10 Hungary | 6.04 | 2023 | +8.38% | -3.48% | View data |
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