In 2023, China led global R&D expenditure in computer, electronic, and optical manufacturing with a value of 110.1 billion USD PPP 2015, marking a 13.25% year-on-year increase. The United States followed with 99.33 billion, while South Korea and Taiwan witnessed growths of 3.05% and 12.43%, respectively. Germany stood at 10.72 billion, growing modestly by 1.12%. Israel, UK, and others reported mixed trends. Notable increases include Lithuania and Estonia, with 23.91% and 22.0% growth, respectively. Romania saw a significant rise of 34.07%, while Canada's expenditure dropped by 11.82%. The last five years indicated a varying CAGR across nations, reflecting unique regional dynamics.
Future trends to watch include China's continued dominance with expanding digital infrastructure investments and technological advancements. The United States focuses on innovation to maintain its competitive edge. Emerging economies may see significant R&D expenditure growth driven by technological convergence and strategic state investments in the sector.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Computer, Electronic and Optical Products by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 110,100 | 2023 | +12.18% | +13.25% | View data |
| 2 | 2 United States | 99,330 | 2023 | +4.08% | +4.58% | View data |
| 3 | 3 South Korea | 46,000 | 2023 | +3.96% | +3.05% | View data |
| 4 | 4 Taiwan | 42,590 | 2023 | +11.35% | +12.43% | View data |
| 5 | 5 Germany | 10,720 | 2023 | +1.17% | +1.12% | View data |
| 6 | 6 Israel | 2,070 | 2023 | +1.9% | +0.075% | View data |
| 7 | 7 United Kingdom | 1,450 | 2023 | -0.95% | -1.56% | View data |
| 8 | 8 Italy | 1,390 | 2023 | -2.02% | -0.21% | View data |
| 9 | 9 Finland | 1,130 | 2023 | -5.72% | -0.7% | View data |
| 10 | 10 Canada | 477.64 | 2023 | -24.49% | -11.82% | View data |
