In 2023, the United States continued to dominate global R&D expenditure in professional, scientific, and technical activities, with a significant year-on-year growth of 12.46%. Meanwhile, countries like Portugal and Lithuania experienced substantial increases of 14.97% and 13.89% respectively, indicating strong momentum in R&D spending. Japan and Romania saw slight declines. Estonia registered the highest growth rate at 19.24%, suggesting a rapid expansion of R&D activities. In contrast, Latvia faced a decrease of 4.13% indicating potential budget re-allocations or economic adjustments.
Future trends to watch include potential shifts in R&D investment focus due to technological advancements such as AI and green technologies. Countries investing heavily in these areas may see further increases in R&D expenditure. Additionally, geopolitical factors and economic conditions may influence R&D budget allocations and cross-border collaborations.
Top countries in Business Enterprise R&D Expenditure in Professional, Scientific and Technical Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 49,390 | 2023 | +11.22% | +12.46% | View data |
| 2 | 2 United Kingdom | 20,660 | 2021 | +21.68% | View data | |
| 3 | 3 Japan | 9,050 | 2023 | +9.29% | -0.012% | View data |
| 4 | 4 Germany | 7,310 | 2023 | +3.25% | +1.38% | View data |
| 5 | 5 Israel | 5,890 | 2023 | +3.73% | +3.25% | View data |
| 6 | 6 Canada | 2,490 | 2023 | +0.75% | +1.55% | View data |
| 7 | 7 Poland | 2,230 | 2023 | -3.63% | +0.61% | View data |
| 8 | 8 Norway | 1,000 | 2023 | +2.08% | +2.5% | View data |
| 9 | 9 Czech Republic | 953.26 | 2023 | +0.77% | +1.51% | View data |
| 10 | 10 Portugal | 784.86 | 2023 | +9.66% | +14.97% | View data |
