In 2023, Germany led global government expenditure on R&D in natural sciences with a significant investment, which increased by 4.37% from the previous year. Russia and Japan followed, with more modest gains of 2.0% and 0.32%, respectively. Emerging trends reveal strong growth in smaller economies such as the Czech Republic (5.95%) and Romania (5.79%). Notably, Estonia showed a remarkable increase of 13.6%, contrasting with Latvia's decline of 5.45%.
Looking ahead, expect growth in Asian economies as South Korea and Taiwan enhance their R&D allocations. Additionally, intensified investments in Eastern European countries highlight a shift towards diversification in R&D investment globally.
Top countries in Government Expenditure on R&D in Natural Sciences Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.17 | 2023 | +3.25% | +4.37% | View data |
| 2 | 2 Russia | 18.4 | 2023 | +2.28% | +2% | View data |
| 3 | 3 Japan | 12.87 | 2023 | +0.72% | +0.32% | View data |
| 4 | 4 Italy | 6.97 | 2023 | +0.57% | +2.63% | View data |
| 5 | 5 South Korea | 5.84 | 2023 | +3.98% | +3.21% | View data |
| 6 | 6 Czech Republic | 4.21 | 2023 | +3.29% | +5.95% | View data |
| 7 | 7 Spain | 4.05 | 2023 | +2.63% | +4.92% | View data |
| 8 | 8 Taiwan | 2.98 | 2023 | +1.72% | +3.25% | View data |
| 9 | 9 Netherlands | 1.71 | 2023 | +0.54% | +0.99% | View data |
| 10 | 10 Romania | 1.63 | 2023 | +2.9% | +5.79% | View data |
