In 2023, Japan led with a significant increase of 141.46% in R&D budget for exploration and exploitation, while France saw a slight rise at 0.76%. Russia experienced a minor decrease at -0.76%. Significant growth was observed in Mexico at 76.32% and South Korea at 61.92%. The UK also saw a notable increase of 30.15%. In contrast, Norway and Australia faced sharp declines of -28.49% and -33.37%, respectively. Smaller nations like Portugal, Hungary, and Romania saw modest decreases, while Greece posted a 31.64% increase. Over the last five years, the CAGR indicates diverse patterns in budget allocation.
Looking ahead, global trends suggest that countries with increasing budgets like Japan, Mexico, and South Korea are likely to continue emphasizing the importance of exploration technologies. Economic factors and geopolitical conditions will significantly influence these budgets, with potential shifts in priorities towards sustainable and innovative exploration technologies.
Top countries in Government Budget Appropriations or Outlays for R&D in Exploration and Exploitation of the Earth by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 37,390 | 2023 | +4.55% | +141.46% | View data |
| 2 | 2 France | 17,620 | 2023 | +2.63% | +0.76% | View data |
| 3 | 3 Russia | 14,310 | 2023 | -0.98% | -0.76% | View data |
| 4 | 4 Sweden | 4,860 | 2023 | +4.72% | +4.01% | View data |
| 5 | 5 Mexico | 4,290 | 2023 | +2.39% | +76.32% | View data |
| 6 | 6 South Korea | 3,000 | 2023 | -20.17% | +61.92% | View data |
| 7 | 7 Poland | 2,770 | 2023 | +3.18% | -3.59% | View data |
| 8 | 8 United Kingdom | 2,460 | 2023 | -11.77% | +30.15% | View data |
| 9 | 9 Portugal | 997.35 | 2023 | +1.88% | -2.91% | View data |
| 10 | 10 Hungary | 790.95 | 2023 | +4.18% | -2.39% | View data |
