The 2023 data reveals notable shifts in R&D expenditures with Germany leading globally. Strong growth is evident in Hungary, Lithuania, and Singapore with over 50% increases, signaling aggressive investment in R&D. The United Kingdom and Spain also show strong double-digit growth, while traditional powerhouses like the United States and Japan maintain steady increases. Conversely, Russia and France experienced slight declines. Canada shows stability with no change, while Estonia shows significant reduction.
Future trends to watch include continued expansion in emerging markets with high growth rates, potentially shifting the global R&D landscape. Increased multi-sector collaboration could lead to novel financing structures and boosted innovation in R&D activities worldwide.
Top countries in Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 390.45 | 2023 | +1.88% | +1.32% | View data |
| 2 | 2 United States | 196 | 2023 | +2.08% | +2.53% | View data |
| 3 | 3 United Kingdom | 148.95 | 2023 | +0.94% | +5.16% | View data |
| 4 | 4 France | 140.38 | 2023 | +0.76% | -0.68% | View data |
| 5 | 5 Italy | 122.75 | 2023 | +1.75% | +0.67% | View data |
| 6 | 6 Japan | 117.36 | 2023 | +2.01% | +3.54% | View data |
| 7 | 7 Australia | 114.96 | 2023 | +1.93% | +4.28% | View data |
| 8 | 8 Spain | 94.67 | 2023 | +4.85% | +10.08% | View data |
| 9 | 9 South Korea | 84.22 | 2023 | +1.04% | +4.25% | View data |
| 10 | 10 Netherlands | 32.78 | 2023 | +0.37% | +9.73% | View data |
