Germany leads the R&D expenditure with $23.74 million PPP, followed by the United States at $11.92 million, while the UK, France, and Italy trail with significant but lesser contributions. Significant year-on-year growth is observed in Singapore, Hungary, Lithuania, and Slovakia, demonstrating dynamic investment increases. Conversely, Russia and France experience a decline. Over the past five years, spending has been on an upward trajectory due to the rising role of technology and innovation in economic growth.
Future trends to watch include increased digitalization, sustainability initiatives, and technological advancements driving R&D funding. Countries excelling in these fields may see accelerated investments and collaborations in higher education and non-profit sectors.
Top countries in Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.74 | 2023 | +1.88% | +1.32% | View data |
| 2 | 2 United States | 11.92 | 2023 | +2.08% | +2.53% | View data |
| 3 | 3 United Kingdom | 9.06 | 2023 | +0.94% | +5.16% | View data |
| 4 | 4 France | 8.54 | 2023 | +0.76% | -0.68% | View data |
| 5 | 5 Italy | 7.46 | 2023 | +1.75% | +0.67% | View data |
| 6 | 6 Japan | 7.14 | 2023 | +2.01% | +3.54% | View data |
| 7 | 7 Australia | 6.99 | 2023 | +1.93% | +4.28% | View data |
| 8 | 8 Spain | 5.76 | 2023 | +4.85% | +10.08% | View data |
| 9 | 9 South Korea | 5.12 | 2023 | +1.04% | +4.25% | View data |
| 10 | 10 Netherlands | 1.99 | 2023 | +0.37% | +9.73% | View data |
