The analysis reveals that Switzerland leads in intramural R&D expenditure per capita, with the United States and Sweden following closely. Notable growth was seen in Belgium and Ireland, with increases of over 9% in 2023. Estonia and Lithuania exhibited the highest year-on-year growth, indicating a rapid increase in R&D investment. The CAGR over the last five years suggests robust R&D development, especially in emerging economies like Portugal and Cyprus. Montenegro showed a slight decline, indicating possible challenges in sustaining R&D growth.
Future trends indicate a continued increase in R&D investment in technologically advanced countries, spurred by the need for innovation and competitive advantage. Additionally, emerging countries displaying high growth rates may position themselves as future leaders in the sector, provided they maintain their investment trajectory and focus on technology and scientific advancements.
Top countries in Intramural R&D Expenditure in the Business Enterprise Sector by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 1,870 | 2023 | +2.3% | +3.61% | View data |
| 2 | 2 United States | 1,740 | 2023 | +3.97% | +8.7% | View data |
| 3 | 3 Sweden | 1,300 | 2023 | +1.67% | +3.45% | View data |
| 4 | 4 Belgium | 1,280 | 2023 | +7.15% | +9.18% | View data |
| 5 | 5 South Korea | 1,260 | 2023 | +4.48% | +4.2% | View data |
| 6 | 6 Austria | 1,060 | 2023 | +2.33% | +2.35% | View data |
| 7 | 7 Denmark | 1,050 | 2023 | +1.99% | +1.38% | View data |
| 8 | 8 Iceland | 1,040 | 2023 | +5.55% | +5.16% | View data |
| 9 | 9 Finland | 1,030 | 2023 | +4.52% | +6.11% | View data |
| 10 | 10 Germany | 942.43 | 2023 | +1.54% | +1.53% | View data |
