In 2023, Germany leads in R&D expenditure in agriculture, forestry, and fishing with $276.09 million. Spain and the UK follow, though Spain saw a slight decline. Notable growth was observed in countries like Poland and Italy, the former increasingly investing with a 12.42% increase, while Portugal's notable rise of 27.12% indicates a strategic shift towards innovation. Japan and South Korea experienced declines, reflecting possible reallocations of R&D priorities. Lithuania's significant jump of 87.41% suggests emerging interest and future potential within these sectors.
Future trends to monitor include potential continued growth in Eastern European countries like Poland and Lithuania, driven by investment in innovative agricultural practices. Moreover, Portugal’s strong increase in R&D spending implies a strategic shift that could influence neighboring regions. Developed countries might see slower growth, focusing their R&D efforts on sustainability and efficiency improvements. The global focus on climate change and technological advancement in agricultural and forestry sectors will likely drive continued investment.
Top countries in Business Enterprise R&D Expenditure in Agriculture Forestry and Fishing by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 276.09 | 2023 | +3.14% | +5.61% | View data |
| 2 | 2 Spain | 131.47 | 2023 | +0.97% | -0.88% | View data |
| 3 | 3 United Kingdom | 89.37 | 2021 | +70.42% | View data | |
| 4 | 4 South Korea | 79.72 | 2023 | +4.88% | -3.01% | View data |
| 5 | 5 Poland | 68.66 | 2023 | +23.26% | +12.42% | View data |
| 6 | 6 Hungary | 65.9 | 2023 | +12.8% | +3.84% | View data |
| 7 | 7 New Zealand | 61.58 | 2023 | +2.66% | +1.72% | View data |
| 8 | 8 Portugal | 57.01 | 2023 | +14.24% | +27.12% | View data |
| 9 | 9 Japan | 23.35 | 2023 | -0.79% | -0.94% | View data |
| 10 | 10 Italy | 22.03 | 2023 | +12.84% | +15.92% | View data |
