A substantial portion of global R&D expenditure is concentrated in a few countries, with the United States leading at 614.6 billion euros, demonstrating strong growth (10.25% yoy). China follows at 286.7 billion euros, with other notable players like Japan (120.49 billion euros) and Germany (78.92 billion euros). European countries such as France and the UK show moderate increases, while Eastern European nations like Lithuania and Latvia report considerable growth (above 16% yoy). Overall, emerging markets display rising R&D investments, although Western countries still dominate the landscape.
Looking ahead, emerging markets, especially those in Asia, will likely increase their R&D budgets, potentially shifting the global innovation landscape. The digital transformation and green innovations remain key growth drivers. Watch for growth in R&D-focused policies, which could lead to new technological innovations and economic shifts globally.
Top countries in Business Expenditure on R&D in All Businesses by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 614,600 | 2023 | +7.64% | +10.25% | View data |
| 2 | 2 China (except Hong Kong) | 286,700 | 2023 | |||
| 3 | 3 Japan | 120,490 | 2023 | +1.34% | +2% | View data |
| 4 | 4 Germany | 78,920 | 2023 | +2.27% | +1.82% | View data |
| 5 | 5 South Korea | 64,810 | 2023 | +4.11% | +4.11% | View data |
| 6 | 6 France | 37,760 | 2023 | +2.05% | +2.1% | View data |
| 7 | 7 United Kingdom | 32,300 | 2023 | +1.95% | +2.67% | View data |
| 8 | 8 Italy | 16,390 | 2023 | +2.31% | +0.57% | View data |
| 9 | 9 Switzerland | 16,260 | 2023 | +2.91% | +4.08% | View data |
| 10 | 10 Belgium | 14,920 | 2023 | +7.5% | +9.61% | View data |
