In 2023, South Korea led global intramural R&D expenditure in the government sector as a percentage of GDP, exhibiting moderate growth. Germany and Japan showed impressive increases, while Russia and the United States experienced declines. Greece and Croatia recorded high growth rates, contrasting with significant drops in Luxembourg and several smaller European nations. Poland and Iceland saw the largest downturns, reflecting economic struggles. Switzerland, despite its robust economy, had minimal expenditure in this sector.
In 2024, global investments in government-led R&D are expected to rise, driven by technological advancements and increasing competition among nations to lead in innovation. Countries with declining R&D expenditures may focus on policy reforms to stimulate growth in this sector.
Top countries in Intramural R&D Expenditure in the Government Sector by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 0.49 | 2023 | +0.41% | +1.37% | View data |
| 2 | 2 Germany | 0.47 | 2023 | +0.64% | +2.18% | View data |
| 3 | 3 China (except Hong Kong) | 0.39 | 2023 | |||
| 4 | 4 Greece | 0.35 | 2023 | +4.41% | +5.47% | View data |
| 5 | 5 Czech Republic | 0.34 | 2023 | +0.6% | +1.62% | View data |
| 6 | 6 Belgium | 0.33 | 2023 | +3.83% | +4.4% | View data |
| 7 | 7 Russia | 0.31 | 2023 | -0.32% | -2.08% | View data |
| 8 | 8 Slovenia | 0.28 | 2023 | -1.06% | +1.26% | View data |
| 9 | 9 Japan | 0.28 | 2023 | +0.36% | +2.29% | View data |
| 10 | 10 Croatia | 0.27 | 2023 | +0.76% | +6.88% | View data |
