The United States leads in R&D expenditure in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, with significant investment differences among countries. Japan displays the most notable year-over-year growth at 60.3%, signaling aggressive innovation initiatives. Portugal also shows strong growth at 15.86%, with Taiwan at 13.81%, indicating active R&D expansion. Conversely, Estonia shows a negative trend with a 2.43% decrease. The global landscape indicates substantial variation in R&D priorities and capacities over the past years.
Future trends to watch include:
- Increased technology integration driving higher R&D in developed countries.
- Emerging markets may gradually increase their R&D expenditure.
- Sustainability and digitalization could significantly influence future investment areas.
Top countries in Business Enterprise R&D Expenditure in Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14,760 | 2023 | +8.48% | +3.29% | View data |
| 2 | 2 Japan | 9,070 | 2023 | +38.04% | +60.3% | View data |
| 3 | 3 United Kingdom | 2,550 | 2021 | -26.06% | View data | |
| 4 | 4 Canada | 2,030 | 2023 | +2.88% | +4.11% | View data |
| 5 | 5 Italy | 1,490 | 2023 | +14.7% | +7.34% | View data |
| 6 | 6 Germany | 765.33 | 2023 | +4.76% | +2.98% | View data |
| 7 | 7 Spain | 648.71 | 2023 | +2.59% | +5.48% | View data |
| 8 | 8 Taiwan | 568.07 | 2023 | +12.5% | +13.81% | View data |
| 9 | 9 Hungary | 276.52 | 2023 | +1.57% | +4.29% | View data |
| 10 | 10 Portugal | 222.76 | 2023 | +5.4% | +15.86% | View data |
