In 2023, Russia led government-financed enterprise R&D spending as a share of GDP. Greece displayed the most significant growth, while Slovakia experienced steep declines. Western European countries like the UK, France, and Germany maintained moderate investment levels, with varied year-on-year changes. Asian leaders such as South Korea and Japan showed mixed performances, with South Korea experiencing robust growth. Some smaller economies, including Portugal and Estonia, saw substantial increases, highlighting a global interest in enhancing R&D capabilities.
Key future trends to watch include potential increases in R&D spending across emerging economies as they prioritize innovation-driven growth. The impact of geopolitical changes on funding distribution, along with possible post-pandemic budget adjustments, might also drive variations in government-financed R&D allocation. Additionally, shifts towards green technologies and digital innovation could reshape R&D expenditure patterns globally.
Top countries in Business Enterprise Expenditure on R&D Financed by Government by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 0.35 | 2023 | +0.062% | +2.57% | View data |
| 2 | 2 South Korea | 0.24 | 2023 | +2.62% | +8.43% | View data |
| 3 | 3 Hungary | 0.22 | 2023 | +2.44% | +3.3% | View data |
| 4 | 4 United Kingdom | 0.15 | 2021 | -1% | View data | |
| 5 | 5 United States | 0.14 | 2023 | +1.38% | +2.85% | View data |
| 6 | 6 France | 0.13 | 2023 | -1.38% | +3.98% | View data |
| 7 | 7 Greece | 0.12 | 2023 | +18.11% | +28.53% | View data |
| 8 | 8 Poland | 0.12 | 2023 | +2.09% | +2.54% | View data |
| 9 | 9 Norway | 0.12 | 2023 | +0.18% | +2.15% | View data |
| 10 | 10 Austria | 0.11 | 2023 | +4.89% | +6.72% | View data |
