In 2023, South Korea led with a significant R&D expenditure of 41.85 million USD PPP, showing strong growth with a 15.39% increase from the previous year. Japan and Italy followed, with slight and moderate growths of 0.32% and 6.6%, respectively. Russia and Portugal also displayed notable growth at 13.19% and 13.53%. Conversely, Canada and Israel experienced minor declines. The Czech Republic and Estonia showed promising increases of over 12%, while Slovakia faced a substantial drop of 45.95%.
Future trends to watch include potential shifts caused by economic and political influences on R&D investments. Technological advancements and collaborations may drive increased expenditure, especially in countries with current high growth rates. Monitoring South Korea's continued leadership and observing how countries with declining trends recover will be essential.
Top countries in Private Non-Profit Expenditure on R&D in Natural Sciences and Engineering Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 41.85 | 2023 | +8.95% | +15.39% | View data |
| 2 | 2 Japan | 32.29 | 2023 | +0.27% | +0.32% | View data |
| 3 | 3 Italy | 10.28 | 2023 | +1.37% | +6.6% | View data |
| 4 | 4 Russia | 2.95 | 2023 | +4.98% | +13.19% | View data |
| 5 | 5 Portugal | 2.16 | 2023 | +1.24% | +13.53% | View data |
| 6 | 6 Canada | 1.74 | 2023 | +1.4% | -0.72% | View data |
| 7 | 7 Spain | 1.34 | 2023 | +1.66% | +7.8% | View data |
| 8 | 8 Mexico | 1.15 | 2023 | +0.6% | +1.29% | View data |
| 9 | 9 Taiwan | 0.88 | 2023 | +0.039% | +3.35% | View data |
| 10 | 10 Chile | 0.78 | 2023 | -14.19% | -10.93% | View data |
