In 2023, South Africa led global government-financed R&D expenditure with Argentina and Luxembourg following. The data indicates growing expenditure in several nations.
This trend over recent years shows a focus on innovation-driven development backed by government support. A substantially higher investment exists in emerging economies like South Africa and Argentina compared to traditional powerhouses like Japan and China.
Future trends to watch include policy shifts in response to global economic conditions, potential budget reallocations to other critical areas, and a rising trend in Asia's technology and research to ensure competitive edge.
Top countries in Gross Domestic Expenditure on R&D Financed by the Government by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 South Africa | 59.25 | 2023 | View data |
| 2 | 2 Argentina | 58.07 | 2023 | View data |
| 3 | 3 Luxembourg | 49.49 | 2023 | View data |
| 4 | 4 Costa Rica | 44.77 | 2023 | View data |
| 5 | 5 Slovakia | 38.51 | 2023 | View data |
| 6 | 6 Spain | 37.48 | 2023 | View data |
| 7 | 7 Poland | 37.04 | 2023 | View data |
| 8 | 8 Estonia | 36.58 | 2023 | View data |
| 9 | 9 Italy | 35.28 | 2023 | View data |
| 10 | 10 Hungary | 34.51 | 2023 | View data |
