In 2023, global R&D expenditure in information services was dominated by the United States, accounting for 95.7 million US Dollars PPP, with strong growth at 21.04% year-on-year. South Korea followed, with notable annual growth of 12.75%. European countries, though lower in absolute terms, showed varied growth, with Hungary leading at a year-on-year increase of 30.53%. Smaller countries like Slovakia experienced significant growth at 48.8%, albeit from a lower base.
Future trends to watch include:
- Continued investment and leadership by the United States, driven by tech giants expanding their R&D.
- Emergence of South Korea and Taiwan as R&D hubs, likely gaining more global share.
- Potential growth in Eastern Europe, led by countries such as Hungary and Slovakia, spurred by government incentives and growing tech sectors.
Top countries in Business Enterprise R&D Expenditure in Information Service Activities Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 95.7 | 2023 | +10.43% | +21.04% | View data |
| 2 | 2 South Korea | 0.79 | 2023 | +10.62% | +12.75% | View data |
| 3 | 3 Italy | 0.27 | 2023 | +1.83% | +4.46% | View data |
| 4 | 4 Portugal | 0.24 | 2023 | +16.52% | +23.38% | View data |
| 5 | 5 Spain | 0.23 | 2023 | +4.78% | +8.04% | View data |
| 6 | 6 Taiwan | 0.22 | 2023 | +12.9% | +13.56% | View data |
| 7 | 7 Czech Republic | 0.17 | 2023 | +1.01% | +4.24% | View data |
| 8 | 8 Finland | 0.12 | 2023 | +5.63% | +0.27% | View data |
| 9 | 9 Norway | 0.064 | 2023 | +1.98% | +8.23% | View data |
| 10 | 10 Israel | 0.057 | 2023 | +10.69% | -0.046% | View data |
