In 2023, China led global government expenditure on R&D at $85.63 billion, followed by the United States with $59.87 billion. Notable year-on-year increases include China (7.59%), South Korea (3.79%), the UK (4.46%), and Poland (4.92%). Germany (2.83%), Japan (1.79%), and Russia (2.18%) showed moderate growth. France and Canada experienced slight declines at -1.03% and -0.32%, respectively. Long-term trends reflect stable investment in R&D by emerging economies, focusing on innovation and tech advancement.
Future trends to watch include increased R&D investment by Asian countries, with China continuing its upward trajectory. European countries may expand efforts to counter sectoral competition globally. Sustainable and digital transformation are expected to be key investment areas. Monitoring geopolitical influences, policy changes, and economic conditions will be crucial in understanding these trends' impacts on the R&D landscape.
Top countries in Government Expenditure on R&D Financed by Government by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 85,630 | 2023 | +5.68% | +7.59% | View data |
| 2 | 2 United States | 59,870 | 2023 | +1.15% | +1.07% | View data |
| 3 | 3 Germany | 16,550 | 2023 | +1.28% | +2.83% | View data |
| 4 | 4 Japan | 14,090 | 2023 | +1.05% | +1.79% | View data |
| 5 | 5 Russia | 12,180 | 2023 | +2.16% | +2.18% | View data |
| 6 | 6 South Korea | 11,110 | 2023 | +3.23% | +3.79% | View data |
| 7 | 7 France | 6,040 | 2023 | -0.96% | -1.03% | View data |
| 8 | 8 Taiwan | 4,410 | 2023 | +0.91% | +1.31% | View data |
| 9 | 9 Italy | 4,210 | 2023 | +2.06% | +3.45% | View data |
| 10 | 10 United Kingdom | 3,880 | 2023 | +0.84% | +4.46% | View data |
