The analysis of global government expenditure on R&D in agricultural and veterinary sciences reveals Japan as the leading investor, despite a slight decline in its budget by 1.1% from the previous year. The United Kingdom saw a significant increase of 4.51%, showing robust interest and investment, while South Korea, Taiwan, and Italy also demonstrated steady positive growth. Countries like Slovakia, Singapore, and Estonia showed notable year-on-year growth of 5.24%, 7.87%, and 4.86%, respectively, indicating emerging priorities in their research funding. On the contrary, countries such as Norway, Portugal, and the Netherlands experienced declines, highlighting diverse budgetary allocations.
The future of global government expenditure on R&D in agricultural and veterinary sciences may witness a shift where emerging economies increase their share, driven by innovation needs and food security challenges. Monitoring trend variations and focusing on technological breakthroughs and sustainable practices in agriculture will be crucial factors influencing future investments.
Top countries in Government Expenditure on R&D in Agricultural and Veterinary Sciences Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 24.29 | 2023 | -0.99% | -1.1% | View data |
| 2 | 2 United Kingdom | 14.2 | 2023 | +3.92% | +4.51% | View data |
| 3 | 3 South Korea | 11.64 | 2023 | +1.47% | +1.33% | View data |
| 4 | 4 Germany | 10.93 | 2023 | +0.89% | -0.059% | View data |
| 5 | 5 Russia | 6.95 | 2023 | +0.83% | +0.98% | View data |
| 6 | 6 Spain | 6.61 | 2023 | +1.04% | +0.74% | View data |
| 7 | 7 Taiwan | 6.15 | 2023 | +0.087% | +2.68% | View data |
| 8 | 8 Italy | 5.37 | 2023 | +0.093% | +2.43% | View data |
| 9 | 9 Netherlands | 3.29 | 2023 | -1.77% | -0.93% | View data |
| 10 | 10 Norway | 2.48 | 2023 | +1.1% | -1.37% | View data |
