In 2023, Australia led the global share of total internal R&D personnel in financial and insurance activities, with significant contributions also from the UK and Taiwan. Notably, Japan and New Zealand reported strong year-on-year variations, showcasing a shift towards increasing their R&D personnel in these sectors. Meanwhile, Spain and Lithuania experienced a decrease, suggesting a different strategic focus or challenges within their R&D sectors. The five-year CAGR trends underline consistent growth led by countries such as Taiwan, Germany, and South Korea. Conversely, negative growth trends are observed in Lithuania and Slovenia.
Looking forward, countries with high year-on-year growth, notably Japan and New Zealand, are expected to continue expanding their R&D focus in financial and insurance activities. The trend towards increased digitalization and technological integration in these industries may drive further global growth and competitive maneuvering in this sector.
Top countries in Total Internal R&D Personnel in Financial and Insurance Activities Share by Country (Units (Full-Time Equivalent))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 29.23 | 2023 | +0.83% | +0.048% | View data |
| 2 | 2 United Kingdom | 16.27 | 2023 | +3.22% | +0.56% | View data |
| 3 | 3 Taiwan | 13.37 | 2023 | +7.22% | +9% | View data |
| 4 | 4 Canada | 6.9 | 2023 | -0.48% | +3.26% | View data |
| 5 | 5 Poland | 5.56 | 2023 | +5.21% | +3.57% | View data |
| 6 | 6 Italy | 5.48 | 2023 | +2.48% | +1.68% | View data |
| 7 | 7 Germany | 4.9 | 2023 | +1.71% | +8.86% | View data |
| 8 | 8 Spain | 3.86 | 2023 | +0.32% | -5.27% | View data |
| 9 | 9 South Korea | 3.86 | 2023 | +10.83% | +6.14% | View data |
| 10 | 10 Czech Republic | 2.69 | 2023 | +3.99% | +2.45% | View data |
