In 2023, South Korea and Russia lead in Global Total Intramural Expenditure on R&D in Natural Sciences, with South Korea at $21 billion, reflecting a noteworthy annual increase of 5.39%. Meanwhile, Poland demonstrates the highest year-on-year variation of 12.28%, indicating rapid growth in R&D investment, followed by Taiwan at 7.35% and Slovenia at 6.13%. Notably, Latvia experienced a decline of 2.18% in 2023, highlighting a different trend. Over the last five years, these countries have shown an average annual increase (CAGR) indicating a robust commitment to fostering innovation in the natural sciences sector.
Future trends to watch include the acceleration of R&D investments in Asian countries like Taiwan and South Korea, which could outpace other regions. Eastern European nations like Poland might sustain their growth momentum, while mature economies could slow down. Economic and political factors, such as governmental support and international collaborations, will play significant roles in shaping future R&D expenditure patterns in these countries.
Top countries in Total Intramural Expenditure on R&D in Natural Sciences by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 21,000 | 2023 | +4.94% | +5.39% | View data |
| 2 | 2 Russia | 7,100 | 2023 | +1.01% | +1.9% | View data |
| 3 | 3 Poland | 5,560 | 2023 | +10.41% | +12.28% | View data |
| 4 | 4 Taiwan | 5,200 | 2023 | +6.47% | +7.35% | View data |
| 5 | 5 Czech Republic | 3,340 | 2023 | +3.64% | +5.48% | View data |
| 6 | 6 Portugal | 1,300 | 2023 | +2.06% | +4.72% | View data |
| 7 | 7 Singapore | 1,260 | 2023 | +1.82% | +5.6% | View data |
| 8 | 8 Hungary | 1,160 | 2023 | +3.75% | +3.1% | View data |
| 9 | 9 Slovenia | 554.78 | 2023 | +2.66% | +6.13% | View data |
| 10 | 10 Chile | 468.14 | 2023 | +1.69% | +2.27% | View data |
