The United States leads significantly in global business enterprise R&D expenditure in manufacturing, with Japan, South Korea, and Germany also holding substantial shares. In 2023, the US saw a 2.99% increase, while Japan declined slightly by 0.065%. South Korea and Taiwan showed robust growth at 3.55% and 10.81%, respectively. Poland and Hungary experienced notable increases of 7.43% and 8.67%. Meanwhile, Canada and Germany saw declines. Over the past five years, the compound annual growth rates exhibit sustained investment patterns.
Future trends to watch include the continued growth of Asian economies, especially Taiwan and South Korea, expanding their R&D footprints. The US remains dominant but faces increasing competition. European countries might see divergent paths, with some like Poland and Hungary on growth trajectories, while traditional players like Germany may need to strategize against stagnation. Sustainability and digital transformation could drive future R&D investment shifts.
Top countries in Business Enterprise Expenditure on R&D Performed in Total Manufacturing Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 43.48 | 2023 | +2.19% | +2.99% | View data |
| 2 | 2 Japan | 16.65 | 2023 | +0.92% | -0.065% | View data |
| 3 | 3 South Korea | 11.42 | 2023 | +3.87% | +3.55% | View data |
| 4 | 4 Germany | 10.14 | 2023 | +0.96% | -0.94% | View data |
| 5 | 5 Taiwan | 6.93 | 2023 | +10.42% | +10.81% | View data |
| 6 | 6 United Kingdom | 1.99 | 2023 | +1.37% | +1.32% | View data |
| 7 | 7 Italy | 1.97 | 2023 | +1.09% | -0.11% | View data |
| 8 | 8 Austria | 1.04 | 2023 | +2.03% | +2.3% | View data |
| 9 | 9 Belgium | 1.01 | 2023 | +2.41% | +3.28% | View data |
| 10 | 10 Sweden | 0.89 | 2023 | -0.66% | -0.18% | View data |
