As of 2023, China leads global government expenditure on R&D financed by government share, with a significant 9.69% increase from the previous year, underscoring its commitment to innovation. The United States follows, maintaining steady growth at 2.95%. Germany and Russia also show robust increases of 5.81% and 4.23%, respectively. Notably, the United Kingdom demonstrates remarkable expenditure growth at 10.07%. Smaller nations like Bulgaria, Poland, and Denmark exhibit strong growth, indicating rising investment focus.
Future trends point to continued growth in R&D investment among emerging economies. This is driven by technological advancements and strategic innovations crucial for competitive-edge efforts on a global scale.
Top countries in Government Expenditure on R&D Financed by Government Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 33.91 | 2023 | +7.1% | +9.69% | View data |
| 2 | 2 United States | 24.83 | 2023 | +2.01% | +2.95% | View data |
| 3 | 3 Germany | 7.6 | 2023 | +4.95% | +5.81% | View data |
| 4 | 4 Russia | 5.52 | 2023 | +4.02% | +4.23% | View data |
| 5 | 5 Japan | 5.27 | 2023 | +1.52% | +2.71% | View data |
| 6 | 6 South Korea | 4.41 | 2023 | +4.14% | +4.85% | View data |
| 7 | 7 France | 2.76 | 2023 | +1.32% | +2.06% | View data |
| 8 | 8 United Kingdom | 1.92 | 2023 | +9.27% | +10.07% | View data |
| 9 | 9 Italy | 1.9 | 2023 | +2.47% | +5.3% | View data |
| 10 | 10 Taiwan | 1.71 | 2023 | +1.1% | +2.73% | View data |
