In 2023, South Korea led global private non-profit R&D expenditure, exhibiting a significant year-on-year growth of 13.19%, followed by Japan and the UK with modest increases. Russia also demonstrated strong growth at 11.32%. Conversely, Israel, Chile, Estonia, and Romania saw slight declines, whereas Slovakia experienced a substantial reduction of 40.08%. Over the past five years, volatility marked smaller countries, while larger economies showed steady gains, underlying a persistent commitment to innovation.
Future trends indicate a continued rise in global private non-profit R&D spending, with Asian and European countries reinforcing their positions. The focus may shift towards sustainability and technological advancements, fostering diverse investment portfolios.
Top countries in Private Non-Profit Expenditure on R&D in All Fields by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 2,500 | 2023 | +6.87% | +13.19% | View data |
| 2 | 2 Japan | 2,190 | 2023 | +2.43% | +0.052% | View data |
| 3 | 3 United Kingdom | 1,240 | 2023 | +0.48% | +3.02% | View data |
| 4 | 4 Italy | 604.75 | 2023 | -1.16% | +2.94% | View data |
| 5 | 5 Russia | 187.39 | 2023 | +4.32% | +11.32% | View data |
| 6 | 6 Israel | 147.08 | 2023 | -0.0088% | -0.75% | View data |
| 7 | 7 Canada | 140.49 | 2023 | +2.97% | +1.31% | View data |
| 8 | 8 Portugal | 131.38 | 2023 | +1.03% | +12.55% | View data |
| 9 | 9 Mexico | 88.8 | 2023 | +1.54% | +1.65% | View data |
| 10 | 10 Spain | 80.1 | 2023 | +1.29% | +7.03% | View data |
