In 2023, Egypt led global business enterprise expenditure on R&D with 99.42% financed by its business sector, followed by Taiwan and Japan. China exhibited a positive year-on-year variation at 0.36%, showing strong growth in business-financed R&D. Notable declines were seen in countries like Colombia, Romania, and Slovakia. Argentina exhibited the largest negative variation. Over the last five years, countries like Kazakhstan and Croatia have shown noteworthy growth, highlighting emerging trends in R&D financing.
Future trends to watch include the continued rise of emerging markets such as China and Kazakhstan, emphasizing the shift towards more diverse global R&D investment landscapes. The focus will likely remain on technology-driven sectors and increased collaboration across borders to foster innovation. Additionally, unforeseen geopolitical shifts and economic conditions could further influence these trends in unpredictable ways.
Top countries in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector by Country
| # | 10 Countries | Percent of Total BERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Egypt | 99.42 | 2023 | -0.025% | -0.12% | View data |
| 2 | 2 Taiwan | 98.6 | 2023 | +0.019% | +0.015% | View data |
| 3 | 3 Japan | 98.22 | 2023 | +0.000012% | -0.037% | View data |
| 4 | 4 China | 97.32 | 2023 | +0.26% | +0.36% | View data |
| 5 | 5 Colombia | 96 | 2023 | -0.0063% | -0.49% | View data |
| 6 | 6 Malta | 95.27 | 2023 | +1.21% | +0.28% | View data |
| 7 | 7 Australia | 95.23 | 2023 | -0.023% | -0.072% | View data |
| 8 | 8 Denmark | 94.58 | 2023 | +0.4% | +0.72% | View data |
| 9 | 9 South Korea | 94.05 | 2023 | -0.002% | +0.15% | View data |
| 10 | 10 Kazakhstan | 91.16 | 2023 | +1.75% | +1.69% | View data |
