In 2023, Israel led global R&D expenditure in total services with a share of 13.78 million US Dollars PPP, followed by Japan, Germany, and South Korea. Israel demonstrated remarkable growth with an 11.06% increase year-on-year, while Japan experienced a slight decline. Noteworthy increases were observed in South Korea at 13.52%, Portugal at 15.07%, and Lithuania at 24.53%, revealing an upward trend in R&D investments in these regions. Conversely, Mexico and Denmark showed declines, indicating changing regional dynamics within R&D expenditure.
Looking ahead, these notable trends to monitor include:
- Continued growth potential in emerging markets such as Portugal and Lithuania, as evidenced by significant recent increases.
- The impact of economic and political shifts on established markets like Japan and Mexico, where downward trends were noted.
- Technological and industry shifts influencing regional competitiveness in R&D spending, particularly in tech-driven economies.
Top countries in Business Enterprise Expenditure on R&D Performed in Total Services Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 13.78 | 2023 | +7.77% | +11.06% | View data |
| 2 | 2 Japan | 11.75 | 2023 | +7.79% | -0.1% | View data |
| 3 | 3 Germany | 10.4 | 2023 | +2.93% | +3.2% | View data |
| 4 | 4 South Korea | 9.41 | 2023 | +10.18% | +13.52% | View data |
| 5 | 5 Canada | 8.7 | 2023 | +3.1% | +4.69% | View data |
| 6 | 6 Australia | 5.61 | 2023 | +2.01% | +2.01% | View data |
| 7 | 7 Italy | 5.58 | 2023 | +6.97% | +3.94% | View data |
| 8 | 8 Spain | 4.99 | 2023 | +2.45% | +2.2% | View data |
| 9 | 9 Sweden | 4.96 | 2023 | +3.55% | +4.39% | View data |
| 10 | 10 Belgium | 4.86 | 2023 | +3.98% | +6.79% | View data |
