In analyzing the global private non-profit expenditure on R&D in engineering and technology, South Korea and Japan dominate, with expenditures of approximately $59.39 million and $31.7 million respectively in 2024. Despite Japan's slight decline, South Korea shows robust growth with a 14.14% increase. Other significant growth spots include Portugal (40.62%), Estonia (43.93%), and Canada (23.29%), with emerging nations like Poland and the Czech Republic also showing promising increases of 14.31% and 17.9%, respectively. A concerning trend is noticed in Slovakia, with a sharp decline of 46.29%. Over the last two years, several countries like Russia and Romania experienced decreases, yet overall, the sector remains vibrant with new trends emerging.
Looking forward, the importance of fostering innovation through R&D is expected to magnify, with South Korea and Japan likely maintaining their leadership roles. Emerging economies could see amplified responsibilities in this landscape, as they strive to boost capabilities and expand influence. The ongoing focus on technological advancements suggests that countries with the most substantial increases may exploit opportunities in AI, clean energy, and digital transformation.
Top countries in Private Non-Profit Expenditure on R&D in Engineering and Technology Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 59.39 | 2023 | +8.52% | +14.14% | View data |
| 2 | 2 Japan | 31.7 | 2023 | -1.09% | -0.057% | View data |
| 3 | 3 Italy | 2.59 | 2023 | +1.54% | +3.37% | View data |
| 4 | 4 Russia | 1.18 | 2023 | -0.91% | -6.16% | View data |
| 5 | 5 Portugal | 1.06 | 2023 | +10.63% | +40.62% | View data |
| 6 | 6 Poland | 0.89 | 2023 | +22.2% | +14.31% | View data |
| 7 | 7 Chile | 0.85 | 2023 | +2.11% | +3.31% | View data |
| 8 | 8 Canada | 0.38 | 2023 | +21.02% | +23.29% | View data |
| 9 | 9 Spain | 0.37 | 2023 | +0.0086% | +2.48% | View data |
| 10 | 10 Taiwan | 0.21 | 2023 | -7.77% | +1.32% | View data |
