In 2023, the United States led global R&D expenditure in human health and social work activities with 3.34 billion PPP, followed by the United Kingdom with 0.59905 billion. The United States showed a significant year-over-year increase of 19.01%, while Romania experienced the highest growth at 87.61%. Other notable increases were seen in Lithuania at 21.01% and Finland at 18.22%. In contrast, countries like Hungary and Spain exhibited more moderate growth of 5.93% and 5.7%, respectively.
Future trends to watch include continued robust investment in the United States and the potential for aggressive R&D growth in emerging markets like Romania and Lithuania. The increasing demand for healthcare advancements and technological integration in social services may drive this expenditure upward globally.
Top countries in Business Enterprise R&D Expenditure in Human Health and Social Work Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 3,340 | 2023 | +33.21% | +19.01% | View data |
| 2 | 2 United Kingdom | 599.05 | 2021 | -34.3% | View data | |
| 3 | 3 Italy | 442.33 | 2023 | +5.51% | +3.24% | View data |
| 4 | 4 Israel | 345.07 | 2023 | +3.71% | +4.16% | View data |
| 5 | 5 Taiwan | 311.89 | 2023 | +2.78% | +2.09% | View data |
| 6 | 6 Spain | 165.89 | 2023 | +1.55% | +5.7% | View data |
| 7 | 7 Canada | 148.26 | 2023 | +2.13% | +6.59% | View data |
| 8 | 8 Poland | 61.61 | 2021 | +49.71% | +23.1% | View data |
| 9 | 9 New Zealand | 38.36 | 2023 | +6.92% | View data | |
| 10 | 10 Portugal | 36.49 | 2021 | +32.36% | View data |
