The 2024 forecast shows Japan leading in global government expenditures on R&D education, despite a slight decline. The UK and Czech Republic marked significant positive year-on-year growth, 7.84% and 6.72% respectively, whereas the Netherlands and Estonia saw declines. Notably, Belgium exhibited the highest increase of 13.87%. Over the last five years, expenditures have generally increased, although Japan experienced a slight downturn. Emerging trends indicate a shift towards increased European investment, with varying growth rates.
Future trends to watch include continued growth in European R&D investments, potential recovery in Japan’s expenditure, and closer examination of smaller sectors like Israel and Belgium as they show promising growth.
Top countries in Government Expenditures on R&D Education Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 42.91 | 2023 | +0.042% | -0.045% | View data |
| 2 | 2 United Kingdom | 20.18 | 2023 | +6.06% | +7.84% | View data |
| 3 | 3 Czech Republic | 7.54 | 2023 | +2.82% | +6.72% | View data |
| 4 | 4 Poland | 5.46 | 2023 | +3.93% | +3.4% | View data |
| 5 | 5 Spain | 5.45 | 2023 | +1.52% | +1.87% | View data |
| 6 | 6 Greece | 4.72 | 2023 | +0.54% | +0.6% | View data |
| 7 | 7 Germany | 2.77 | 2023 | +3.3% | +3.86% | View data |
| 8 | 8 Switzerland | 2.11 | 2023 | +2.47% | +2.77% | View data |
| 9 | 9 Italy | 1.65 | 2023 | +1.04% | +2.35% | View data |
| 10 | 10 Lithuania | 1.11 | 2023 | +0.48% | +1.5% | View data |
