The United States leads in R&D expenditure in Human Health and Social Work Activities globally, with significant growth of 19.14% in 2023. Emerging trends show substantial increases in countries like South Korea (19.6%) and Finland (20.89%). Romania experienced a remarkable 93.52% rise, showcasing notable commitment to innovation. Conversely, established economies such as Germany showed stagnation. The average compound annual growth rate (CAGR) over the last five years highlights diverse growth dynamics across countries.
Future trends to watch include increasing R&D allocations in digital health and technology integration, driven by evolving healthcare demands. Countries enhancing their tech ecosystems, like Israel and Taiwan, could witness accelerated growth.
Top countries in Business Enterprise R&D Expenditure in Human Health and Social Work Activities by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 3,540 | 2023 | +33.15% | +19.14% | View data |
| 2 | 2 United Kingdom | 699.85 | 2021 | -33.42% | View data | |
| 3 | 3 Israel | 374.61 | 2023 | +4.46% | +4.89% | View data |
| 4 | 4 Taiwan | 331.56 | 2023 | +3.39% | +2.96% | View data |
| 5 | 5 Spain | 187.12 | 2023 | +0.66% | +6.57% | View data |
| 6 | 6 Canada | 166.34 | 2023 | +2.96% | +7.47% | View data |
| 7 | 7 Poland | 69.54 | 2021 | +50.99% | +25.64% | View data |
| 8 | 8 New Zealand | 45.1 | 2023 | +7.22% | View data | |
| 9 | 9 South Korea | 42.44 | 2023 | +5.5% | +19.6% | View data |
| 10 | 10 Portugal | 41.65 | 2021 | +31.85% | View data |
