In 2023, Italy led in R&D expenditure in human health activities with $431.08 million, seeing a modest 3.48% growth. Israel and Taiwan followed, both showing solid growth figures, with Israel specifically marking a 4.16% increase. The United Kingdom and Poland exhibited notable increases of 9.12% and 9.63%, respectively. Remarkably, Romania grew its expenditure by 87.61%, albeit from a lower base. Other countries like Germany and New Zealand maintained steady levels without growth in 2023.
Looking ahead, countries that experienced recent surges, like Romania and Lithuania with its 21.4% increase, could continue this trend if sustained investment and innovation policies are maintained. Observers should also monitor emerging markets and smaller economies that might ramp up their R&D investments in trying to catch up with technologically advanced nations.
Top countries in Business Enterprise R&D Expenditure in Human Health Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 431.08 | 2023 | +5.48% | +3.48% | View data |
| 2 | 2 Israel | 345.07 | 2023 | +3.71% | +4.16% | View data |
| 3 | 3 Taiwan | 311.89 | 2023 | +2.78% | +2.09% | View data |
| 4 | 4 Spain | 122.02 | 2023 | +2.38% | +0.6% | View data |
| 5 | 5 United Kingdom | 111.62 | 2023 | +4.34% | +9.12% | View data |
| 6 | 6 Poland | 52.01 | 2023 | +8.34% | +9.63% | View data |
| 7 | 7 Portugal | 49.87 | 2023 | +15.79% | +20.4% | View data |
| 8 | 8 South Korea | 38.81 | 2023 | +5.5% | +18.96% | View data |
| 9 | 9 New Zealand | 34.46 | 2023 | +6.92% | View data | |
| 10 | 10 Finland | 21.07 | 2021 | +55.05% | View data |
