In 2023, South Korea and Norway emerged with significant growth in R&D in defense, with Norway experiencing a striking increase of nearly 95% and South Korea growing by 5.47%. The United Kingdom and Poland also showed positive growth, whereas countries like Germany, Japan, and Denmark suffered substantial declines of 25.43%, 29.96%, and 26.18%, respectively. This variance highlights differing national priorities and external pressures impacting R&D outlays.
The coming years will likely see fluctuations driven by geopolitical tensions, technological advancements, and shifting defense priorities. Observers should watch regional developments in Asia, notably South Korea's ongoing investment in defense technology, and modifications in European strategies post-EU geopolitical shifts.
Top countries in Government Budget Appropriations or Outlays for R&D in Defence by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 29,590 | 2023 | +4.75% | +5.47% | View data |
| 2 | 2 United Kingdom | 20,650 | 2023 | +4.54% | +3.34% | View data |
| 3 | 3 Russia | 17,690 | 2023 | +0.92% | +0.83% | View data |
| 4 | 4 Germany | 9,800 | 2023 | -3.15% | -25.43% | View data |
| 5 | 5 Spain | 9,080 | 2023 | +4.8% | -1.68% | View data |
| 6 | 6 Japan | 6,190 | 2023 | -12.54% | -29.96% | View data |
| 7 | 7 Poland | 4,490 | 2023 | +4.02% | +5.41% | View data |
| 8 | 8 Norway | 3,510 | 2023 | +5.73% | +94.91% | View data |
| 9 | 9 Belgium | 3,360 | 2023 | +4.45% | -2.29% | View data |
| 10 | 10 Israel | 2,520 | 2023 | +2.59% | +2.55% | View data |
