The United States leads global R&D funding in industrial production with $57.17 million in PPP, marking a significant increase with a 168.66% year-on-year rise. Japan follows at $15.27 million, experiencing a substantial growth of 65.41%. Sweden also stands out with a remarkable 94.41% increase. Other countries, such as Russia and the United Kingdom, have shown modest or negative growth. Emerging markets like Luxembourg and Belgium have shown consistent improvements, demonstrating robust growth potential.
Future trends to watch include:
- Continued growth in established markets like the US and Japan.
- Potential acceleration in countries with modest increases as they adopt new technologies.
- Possible strategic shifts post-2024 in countries facing declines, such as Mexico and Hungary.
Top countries in Government Budget Appropriations or Outlays for R&D in Industrial Production Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 57.17 | 2023 | +4.05% | +168.66% | View data |
| 2 | 2 Japan | 15.27 | 2023 | +4.59% | +65.41% | View data |
| 3 | 3 Russia | 7.77 | 2023 | +1.66% | +1.75% | View data |
| 4 | 4 United Kingdom | 7.33 | 2023 | +4.29% | -0.076% | View data |
| 5 | 5 Australia | 2.49 | 2023 | +3.52% | +3.26% | View data |
| 6 | 6 Sweden | 1.63 | 2023 | +4.45% | +94.41% | View data |
| 7 | 7 Austria | 1.53 | 2023 | +4.46% | +47.75% | View data |
| 8 | 8 Poland | 1.42 | 2023 | +3.08% | -0.34% | View data |
| 9 | 9 Denmark | 1.2 | 2023 | +5.98% | +61.98% | View data |
| 10 | 10 Greece | 1.02 | 2023 | +4.52% | +4.25% | View data |
