In 2023, Japan led R&D expenditure in the Wholesale of Information and Communication Equipment with $5.9 billion, followed by Taiwan at $0.38854 billion. Other countries such as Spain, the United Kingdom, and Poland exhibited much smaller values, reflecting a varied global landscape. Year-on-year variations in 2023 highlighted significant increases in Japan (82.95%) and Lithuania (21.18%), while Romania faced a substantial decline (-31.83%). Other countries saw moderate changes, with mixed directions.
Looking forward, the influence of technological advancements and digital transformation will likely drive R&D investments. Countries with substantial technology sectors, like Japan and Taiwan, may continue to experience notable growth. Emerging markets might also rise as potential investment hubs as they adapt to new technology trends and increase R&D funding.
Top countries in Business Enterprise R&D Expenditure in Wholesale of Information and Communication Equipment by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,900 | 2023 | +37.78% | +82.95% | View data |
| 2 | 2 Taiwan | 388.54 | 2023 | +13.28% | +13.1% | View data |
| 3 | 3 Spain | 138.8 | 2023 | -5.21% | -2.79% | View data |
| 4 | 4 United Kingdom | 119.13 | 2023 | -4.69% | +2.72% | View data |
| 5 | 5 Poland | 42.54 | 2023 | +7.15% | +10.68% | View data |
| 6 | 6 Portugal | 33.64 | 2023 | +1.33% | +4.88% | View data |
| 7 | 7 Norway | 18.35 | 2023 | +0.64% | -2.02% | View data |
| 8 | 8 Lithuania | 18.03 | 2023 | +31.04% | +21.18% | View data |
| 9 | 9 Czech Republic | 16.52 | 2023 | +4.65% | +18.92% | View data |
| 10 | 10 Hungary | 8.86 | 2023 | +7.13% | -6.44% | View data |
