The analysis of 2024 data reveals China leading in global basic research expenditures with $16.28 billion, a 4.35% increase in 2023. The United States follows at $11.66 billion with a modest 0.74% rise. Japan and South Korea show steady but smaller growth, at $3.03 billion and $2.89 billion, respectively. Mexico’s spending is relatively low at $0.799 billion, with a slight increase, while Israel shows a small but positive growth. Notably, Iceland experienced a significant drop at -37.43%. Over the last five years, the compound annual growth rates across these nations indicate varied priorities and economic capacities.
Looking ahead, global basic research expenditures are expected to reflect geopolitical shifts, technology advancements, and policy changes. China will likely continue its rise in spending, driven by strategic innovation goals, while the U.S. might face budgetary scrutiny affecting growth. Emerging economies may intensify their research investments, and fluctuations in geopolitical relations could reshape collaboration trends in the research sector.
Top countries in Basic Research Expenditures by Government by Country
| # | 7 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 16,280 | 2023 | +4.22% | +4.35% | View data |
| 2 | 2 United States | 11,660 | 2023 | +1.04% | +0.74% | View data |
| 3 | 3 Japan | 3,030 | 2023 | +0.72% | +0.61% | View data |
| 4 | 4 South Korea | 2,890 | 2023 | +1.91% | +2.51% | View data |
| 5 | 5 Mexico | 799.07 | 2023 | -0.37% | +0.12% | View data |
| 6 | 6 Israel | 57.93 | 2023 | +1.82% | +1.36% | View data |
| 7 | 7 Iceland | 0.3 | 2023 | -62.07% | -37.43% | View data |
