The data reveals varied spending on R&D financed by industry across countries for 2024, with China leading at 4.48 billion USD PPP, followed by Russia at 1.46 billion. Other countries show considerably lower figures, with Japan at 0.433 billion and the United States at 0.235 billion. Year-on-year variation highlights significant growth in China, Japan, South Korea, and the United States, with the Czech Republic growing marginally. However, Canada experienced a notable decline in 2023, suggesting potential redirection of industry funding elsewhere or economic constraints. Russia shows consistent but modest growth.
Future trends to watch include China's continued dominance and potential influence on global R&D dynamics, as well as increased industry-driven R&D initiatives in East Asian countries such as Japan and South Korea. The United States remains a key player to monitor for potential shifts in technology and defense-related R&D investment strategies.
Top countries in Government Expenditure on R&D Financed by Industry by Country
| # | 7 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 4,480 | 2023 | +3.59% | +3.83% | View data |
| 2 | 2 Russia | 1,460 | 2023 | +1.54% | +1.18% | View data |
| 3 | 3 Japan | 433.46 | 2023 | +3.28% | +3.64% | View data |
| 4 | 4 South Korea | 341.38 | 2023 | +2.04% | +2.52% | View data |
| 5 | 5 United States | 235 | 2023 | +2.62% | +3.28% | View data |
| 6 | 6 Czech Republic | 52.5 | 2023 | +0.9% | +0.049% | View data |
| 7 | 7 Canada | 6.44 | 2023 | -32.16% | -20.95% | View data |
