The United States leads in global R&D expenditure with significant growth at 13.93% in 2023. South Korea showed remarkable growth of 37.89%, while Israel and Germany also experienced steady increases of 3.64% and 4.24%, respectively. Conversely, Japan saw a slight decrease at -0.35%.
Notable percentages were seen in smaller economies, with Slovakia's impressive growth at 18.22% and Estonia at 13.88%. Iceland and Lithuania are also notable for strong increases of 9.33% and 14.6%, respectively. Declines were recorded in Latvia, Spain with minor changes.
Future trends indicate potential shifts in global R&D investment dynamics, with Asian nations likely continuing their ascent. The rise of emergent tech sectors may influence European nations to increase R&D spending, while the U.S. is expected to maintain a leading position with possible focus on sustainable and cutting-edge technologies.
Top countries in Business Enterprise R&D Expenditure in Scientific Research and Development by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 36,760 | 2023 | +12.3% | +13.93% | View data |
| 2 | 2 Japan | 8,300 | 2023 | +10.49% | -0.35% | View data |
| 3 | 3 Israel | 5,800 | 2023 | +3.6% | +3.64% | View data |
| 4 | 4 Germany | 4,610 | 2023 | +3.86% | +4.24% | View data |
| 5 | 5 South Korea | 3,830 | 2023 | +17.51% | +37.89% | View data |
| 6 | 6 Spain | 2,660 | 2023 | +0.25% | -0.092% | View data |
| 7 | 7 Poland | 1,900 | 2023 | +1.49% | +2.51% | View data |
| 8 | 8 Italy | 1,490 | 2023 | +4.67% | +2.83% | View data |
| 9 | 9 Hungary | 1,040 | 2023 | +14.2% | +4.63% | View data |
| 10 | 10 Czech Republic | 644.9 | 2023 | +0.5% | +0.81% | View data |
