In 2023, South Korea led global R&D expenditure in publishing and media at 3.8 billion USD, with a moderate increase of 10.45%. Finland and Germany experienced substantial growth, expanding by 26.9% and 24.95%, respectively. The slowest growth was seen in Japan, decreasing by 19.56%. Countries like Romania and New Zealand showed sluggish growth and no change, respectively. Over the past five years, variable growth rates reflect changing industry dynamics, with some regions like Eastern Europe showing promise in this sector.
Future trends to watch include digital transformation in media and creative industries, driving innovation investments, especially in AI and interactive content. Eastern Europe and Asia’s rising tech capabilities may substantially impact global R&D expenditures.
Top countries in Business Enterprise R&D Expenditure in Publishing, Motion Picture, Video and Television Programme Production, Sound Recording, Programming and Broadcasting Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3,800 | 2023 | +8.94% | +10.45% | View data |
| 2 | 2 Finland | 349.77 | 2023 | +19.83% | +26.9% | View data |
| 3 | 3 Norway | 323.23 | 2023 | +3.89% | +5.23% | View data |
| 4 | 4 Romania | 202.82 | 2023 | +10.79% | +2.82% | View data |
| 5 | 5 Poland | 181.71 | 2023 | +7.45% | +16.89% | View data |
| 6 | 6 Germany | 129.44 | 2023 | +13.38% | +24.95% | View data |
| 7 | 7 Taiwan | 119.57 | 2023 | +4.92% | +2.95% | View data |
| 8 | 8 Spain | 93.52 | 2023 | +6.99% | +10.98% | View data |
| 9 | 9 Hungary | 68.96 | 2023 | +5.21% | +5.82% | View data |
| 10 | 10 New Zealand | 66.43 | 2023 | +2.07% | View data |
