In 2023, Japan led in global intramural R&D expenditure ($182.75B PPP), followed by Germany ($163.9B PPP) and South Korea ($133.53B PPP). Notably, Taiwan, Poland, and Israel showed substantial growth in R&D spending with 11.22%, 10.71%, and 8.99% year-on-year increases respectively, while Mexico experienced a decline of 5.42%. Over the past five years, I've seen a compounded annual growth rate trend in emerging markets like Estonia, Lithuania, and Iceland, with significant upticks observed.
Future trends to watch include increased investment from Asian countries, which may continue to drive innovation. Potential geopolitical tensions could influence Russia's expenditure. Companies in tech and biotech are likely to lead R&D growth, fostering collaboration across borders. Sustainability and climate tech R&D may see heightened focus, aligning with global environmental goals.
Top countries in Total Intramural Expenditure on R&D in All Fields by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 182,750 | 2023 | +1.47% | +1.22% | View data |
| 2 | 2 Germany | 163,900 | 2023 | +3.19% | +2.86% | View data |
| 3 | 3 South Korea | 133,530 | 2023 | +5.48% | +5.89% | View data |
| 4 | 4 United Kingdom | 108,210 | 2023 | +5.18% | +4.98% | View data |
| 5 | 5 Taiwan | 69,010 | 2023 | +10.91% | +11.22% | View data |
| 6 | 6 Russia | 49,660 | 2023 | +2.35% | +3.46% | View data |
| 7 | 7 Italy | 42,530 | 2023 | +2.88% | +2.8% | View data |
| 8 | 8 Canada | 36,180 | 2023 | +2.46% | +2.37% | View data |
| 9 | 9 Spain | 30,720 | 2023 | +5.71% | +5.37% | View data |
| 10 | 10 Netherlands | 27,940 | 2023 | +4.31% | +5.56% | View data |
