The analysis of Global Business Enterprise Expenditure on R&D shows a significant variation by country from 2022 to 2023. Romania leads with an increase of 1.46%, while countries like Germany, South Korea, and Israel see slight declines. Estonia and Iceland experienced the most notable year-on-year growth at 3.7% and 1.84%, respectively. The five-year Compound Annual Growth Rate (CAGR) reflects variable trends with a strong emphasis on R&D in countries with robust high-tech industries like Taiwan and South Korea, while countries such as Greece are showing steady improvements.
Future trends indicate increased global competition in R&D, with emerging economies boosting investments to catch up. Countries will likely focus on advancing digital technologies, sustainability, and innovation-driven growth, leading to shifts in R&D allocations and strategic collaborations internationally. These movements could reshape the global landscape of R&D expenditure focusing on industries prone to high technological advancements.
Top countries in Business Enterprise Expenditure on R&D Performed in High and Medium-High R&D Intensive Industries by Country
| # | 10 Countries | Percent of BERD Performed in Manufacturing | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 94.91 | 2023 | +0.24% | +1.46% | View data |
| 2 | 2 Taiwan | 93.83 | 2023 | +0.017% | +0.11% | View data |
| 3 | 3 Germany | 91.22 | 2023 | -0.00026% | -0.18% | View data |
| 4 | 4 South Korea | 90.92 | 2023 | +0.0016% | -0.024% | View data |
| 5 | 5 Estonia | 90.26 | 2023 | +3.9% | +3.7% | View data |
| 6 | 6 Israel | 88.85 | 2023 | -0.02% | -0.16% | View data |
| 7 | 7 Japan | 86.99 | 2023 | +0.044% | +0.1% | View data |
| 8 | 8 Sweden | 84.67 | 2023 | -0.026% | -0.031% | View data |
| 9 | 9 Czech Republic | 84.34 | 2023 | +0.42% | -0.022% | View data |
| 10 | 10 Finland | 82.42 | 2023 | -0.61% | -0.44% | View data |
