The United States leads global R&D expenditure in information and communication services with significant growth, followed by Israel and Canada. In 2023, the U.S. showed a robust 10.9% increase, while Israel and Poland saw remarkable growth of 15.29% and 16.09%, respectively. European countries like Germany, the UK, and Italy also experienced moderate growth. Slovakia and Latvia experienced notable increases of 31.15% and 18.56%, while Denmark and Mexico declined. Over five years, the compound annual growth rate (CAGR) reveals strong performers in Eastern Europe with Slovakia and Poland leading, signifying a shift towards Eastern European countries.
Future trends to watch include continued expansion in Eastern Europe, with increasing focus on high-tech and digital sectors. Investment strategies may shift towards AI, cybersecurity, and green technologies, driven by innovation policies and global digital transformation. Asian markets, especially in South Korea and Taiwan, could see enhanced growth linked to their tech manufacturing prowess.
Top countries in Business Enterprise Expenditure on R&D Performed in Information and Communication Services by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 180,110,000,000 | 2023 | +8.44% | +10.9% | View data |
| 2 | 2 Israel | 12,170,000,000 | 2023 | +8.36% | +15.29% | View data |
| 3 | 3 Canada | 7,227,500,000 | 2023 | +6.01% | +7.02% | View data |
| 4 | 4 Japan | 6,423,300,000 | 2023 | +8.19% | +2.1% | View data |
| 5 | 5 United Kingdom | 5,833,400,000 | 2023 | +2.09% | +2.06% | View data |
| 6 | 6 Germany | 5,760,600,000 | 2023 | +2.59% | +5.47% | View data |
| 7 | 7 South Korea | 5,222,200,000 | 2023 | +6.89% | +8.82% | View data |
| 8 | 8 Poland | 4,190,600,000 | 2023 | +12.19% | +16.09% | View data |
| 9 | 9 Italy | 2,738,200,000 | 2023 | +6.21% | +3.92% | View data |
| 10 | 10 Australia | 2,505,200,000 | 2023 | +2.92% | +3.12% | View data |
