The global civil gross domestic expenditure on R&D highlights significant variations among countries, with Israel leading at 5.77% of its GDP in 2024. Iceland follows with 3.05%, demonstrating strong year-on-year growth of 8.82% in 2023. New Zealand (1.49%) and Colombia (0.34%) show positive trends with slight annual increases of 1.73% and 1.74% respectively. Luxembourg and South Africa recorded declines, at -3.06% and -4.17% respectively, indicating a downturn in their R&D investment relative to GDP.
Future trends to watch include potential shifts due to geopolitical changes, technological advancements, and strategic realignments in national priorities. Countries with increasing R&D investments might significantly advance in innovation-driven sectors, while those reducing their expenditure risk losing competitive advantages.
Top countries in Estimated Civil Gross Domestic Expenditure on R&D by Country
| # | 6 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.77 | 2023 | +1.85% | +3.84% | View data |
| 2 | 2 Iceland | 3.05 | 2023 | +3.74% | +8.82% | View data |
| 3 | 3 New Zealand | 1.49 | 2023 | +1.22% | +1.73% | View data |
| 4 | 4 Luxembourg | 1 | 2023 | -2.34% | -3.06% | View data |
| 5 | 5 South Africa | 0.53 | 2023 | -2.09% | -4.17% | View data |
| 6 | 6 Colombia | 0.34 | 2023 | +5.05% | +1.74% | View data |
