Israel leads global R&D expenditure in total services significantly higher than other countries, with a value of 5.35% of GDP, displaying consistent year-on-year growth. Other notable contributors include Iceland and the United States, with year-on-year increases of 9.44% and 9.96%, respectively. European countries such as Sweden and Belgium show moderate involvement but still maintain positive growth rates. Some countries like Mexico exhibit decreasing trends, with a significant year-on-year decline of 6.79%. Overall, there is a mix of notable increases and slight decreases across various countries, indicating a diverse landscape of R&D investment prioritization.
Future trends to watch include increases in countries with sustained growth momentum, especially in technology-driven sectors. It is also important to consider potential economic shifts that can impact R&D investments, such as changes in governmental policies or global market conditions, which could recalibrate regional R&D priorities, driving harmonization or divergence in expenditures on R&D activities.
Top countries in Business Enterprise Expenditure on R&D Performed in Total Services by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.35 | 2023 | +6.97% | +9.96% | View data |
| 2 | 2 Iceland | 1.4 | 2023 | +1.52% | +9.44% | View data |
| 3 | 3 United States | 1.32 | 2023 | +4.57% | +9.96% | View data |
| 4 | 4 Sweden | 1.29 | 2023 | +3% | +3.58% | View data |
| 5 | 5 Belgium | 1.2 | 2023 | +3.59% | +6.06% | View data |
| 6 | 6 Norway | 0.86 | 2023 | +3.51% | +6.2% | View data |
| 7 | 7 Denmark | 0.82 | 2023 | +2.53% | -1.11% | View data |
| 8 | 8 Portugal | 0.81 | 2023 | +9.25% | +15.89% | View data |
| 9 | 9 Austria | 0.75 | 2023 | +1.08% | +1.54% | View data |
| 10 | 10 Finland | 0.74 | 2023 | +2.03% | +4.03% | View data |
