The analysis of global government expenditure on R&D, as a percentage of GDP in 2023, shows South Korea leading at 0.48%, followed by Germany and Russia. Over the past year, significant growth was seen in Denmark, Greece, and Italy, with noticeable declines in Luxembourg and Costa Rica. Over the last five years, South Korea, Germany, and countries like Spain and Malaysia have shown consistent growth, while nations like Luxembourg and Costa Rica experienced declines. Future trends to watch include increased investment in R&D by emerging economies and potential fluctuations from economic disruptions or policy shifts.
Key Points:
- South Korea leads with the highest government R&D expenditure relative to GDP.
- Significant year-on-year increases in Denmark, Greece, and the United Kingdom in 2023.
- Luxembourg and Costa Rica experienced notable declines.
- Sustained growth over five years observed in South Korea and Germany.
- Future trends include increased R&D investment in emerging economies.
Top countries in Government Expenditure on R&D Financed by Government by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 0.48 | 2023 | +1.45% | +1.91% | View data |
| 2 | 2 Germany | 0.39 | 2023 | +0.46% | +2.49% | View data |
| 3 | 3 Russia | 0.32 | 2023 | +1.4% | +1.51% | View data |
| 4 | 4 Taiwan | 0.31 | 2023 | -0.91% | -1.98% | View data |
| 5 | 5 China | 0.3 | 2023 | +1.22% | +1.89% | View data |
| 6 | 6 Greece | 0.28 | 2023 | +3.64% | +5.21% | View data |
| 7 | 7 United States | 0.28 | 2023 | -0.89% | -0.81% | View data |
| 8 | 8 Japan | 0.27 | 2023 | +0.18% | +2.05% | View data |
| 9 | 9 Czech Republic | 0.26 | 2023 | +0.011% | +0.66% | View data |
| 10 | 10 Singapore | 0.23 | 2023 | +0.026% | +2.44% | View data |
