In 2023, the United States led in R&D expenditure in transportation and storage, with approximately $13.03 billion USD PPP in 2015 terms. Japan followed with $0.635 billion, with other countries like Germany, Italy, and Spain investing significantly less. Noticeable growth occurred in Poland, with a 53.29% increase, while the US experienced a striking 70.9% increase. In contrast, Spain and South Korea faced slight declines.
Future trends to monitor include:
- The potential for sustained US growth given its large increase and starting point.
- Asia’s expansion, particularly in Japan and South Korea, due to emerging technologies.
- Impact of European Union policies on smaller Eastern European countries like Poland and Lithuania.
Top countries in Business Enterprise R&D Expenditure in Transportation and Storage by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,030 | 2023 | +49.35% | +70.9% | View data |
| 2 | 2 Japan | 635.11 | 2023 | +6.97% | +3.26% | View data |
| 3 | 3 Germany | 167.94 | 2023 | +3.55% | +0.64% | View data |
| 4 | 4 Italy | 107.04 | 2023 | +10.53% | +4.6% | View data |
| 5 | 5 Spain | 104.9 | 2023 | +2.2% | -0.62% | View data |
| 6 | 6 South Korea | 97.52 | 2023 | +1.24% | -1.79% | View data |
| 7 | 7 United Kingdom | 95.48 | 2021 | -40.36% | View data | |
| 8 | 8 Poland | 52.19 | 2023 | +33% | +53.29% | View data |
| 9 | 9 Norway | 48.15 | 2023 | +9.96% | +4.59% | View data |
| 10 | 10 Portugal | 42.54 | 2023 | +21.95% | +11.43% | View data |
