The analysis of Global Business Enterprise Expenditure on R&D reveals Israel leads in R&D intensity, with notable year-on-year increases in countries like Portugal, Colombia, and Lithuania. Conversely, countries such as South Korea, Japan, and Italy have experienced declines. Fast-growing countries include Argentina and Latvia, both showing strong year-on-year increases in R&D expenditure share. Meanwhile, countries like Malaysia and Luxembourg saw notable declines. The compound annual growth rate over the past five years indicates significant variation in R&D commitment worldwide.
Future trends to watch include potential R&D investment shifts toward emerging markets, driven by innovation incentives and technology advancements in regions historically underrepresented in R&D intensity. Digital transformation and green technologies might motivate increased R&D spending across various countries. Monitoring these developments could provide insights into the dynamic landscape of global R&D expenditure.
Top countries in Business Enterprise Expenditure on R&D by Country
| # | 10 Countries | Percent of Total GERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 92 | 2023 | +0.55% | +0.9% | View data |
| 2 | 2 Taiwan | 86.7 | 2023 | +1.41% | +1.54% | View data |
| 3 | 3 Ireland | 82.9 | 2023 | +2.73% | +2.62% | View data |
| 4 | 4 United States | 79.97 | 2023 | +1.33% | +1.54% | View data |
| 5 | 5 South Korea | 79.5 | 2023 | +0.24% | -0.2% | View data |
| 6 | 6 Japan | 78.56 | 2023 | +0.00022% | -0.22% | View data |
| 7 | 7 China | 78.17 | 2023 | +0.79% | +0.19% | View data |
| 8 | 8 Hungary | 75.65 | 2023 | +0.12% | +0.014% | View data |
| 9 | 9 Iceland | 74.21 | 2023 | +1.74% | +2.9% | View data |
| 10 | 10 Slovenia | 73.92 | 2023 | +0.38% | -0.076% | View data |
