The global landscape of private non-profit expenditure on R&D in engineering and technology reveals significant disparities among countries. South Korea leads with 2.19 billion USD, showcasing a robust 16.62% growth, followed by Japan's steady commitment at 1.05 billion USD. Notably, Portugal reports the highest growth at 35.79%, although from a lower base in comparison to other nations. Poland, Canada, and the Czech Republic also exhibit double-digit growth rates. In contrast, Russia and Slovakia experience negative growth, with Slovakia's expenditure notably plummeting by 45.75%. Overall, the sector displays dynamic shifts with varying regional investment intensities.
Looking forward, the trend towards increased R&D investment in non-profits may continue, driven by technological advancements and the necessity for sustainable solutions, especially in emerging technologies and green engineering. Countries demonstrating significant recent increases, like Portugal and Estonia, may become key players if growth momentum persists. Close monitoring of geopolitical and economic factors will also be crucial, as these can significantly impact funding priorities and capacities across different regions.
Top countries in Private Non-Profit Expenditure on R&D in Engineering and Technology by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 2,190 | 2023 | +12.56% | +16.62% | View data |
| 2 | 2 Japan | 1,050 | 2023 | +0.77% | +0.91% | View data |
| 3 | 3 Italy | 106.21 | 2023 | +4.27% | +6.51% | View data |
| 4 | 4 Russia | 45.55 | 2023 | +0.71% | -4.96% | View data |
| 5 | 5 Poland | 31.72 | 2023 | +24.99% | +16.28% | View data |
| 6 | 6 Portugal | 30.35 | 2023 | +0.51% | +35.79% | View data |
| 7 | 7 Chile | 29.34 | 2023 | +2.5% | +3.78% | View data |
| 8 | 8 Spain | 13.23 | 2023 | +0.015% | +3.6% | View data |
| 9 | 9 Canada | 12.79 | 2023 | +20.72% | +23.41% | View data |
| 10 | 10 Taiwan | 9.11 | 2023 | -0.066% | +8% | View data |
