The United States leads heavily in R&D budgets for health and society, followed by Germany, Japan, and the UK. In 2023, Japan, Italy, and Hungary saw significant increases at 19.52%, 9.4%, and 19.57% respectively, indicating strong investment growth. Meanwhile, countries like Sweden, Finland, Romania, and Lithuania experienced declines in their budgets, suggesting a potential shift or reallocation of funds. Notably, Iceland saw a massive 24.85% increase, a sign of growing focus or emerging capabilities in this area.
Future trends to watch include potential shifts in budgeting priorities, as emerging countries expand their R&D investments. Continued growth in technology and healthcare innovations could spur further investment, reshaping the global landscape of R&D allocations among these nations.
Top countries in R&D Budget for Health and Society Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 45.91 | 2023 | +3.59% | +0.38% | View data |
| 2 | 2 Germany | 11.61 | 2023 | +4.07% | +5.35% | View data |
| 3 | 3 Japan | 6.26 | 2023 | +2.42% | +19.52% | View data |
| 4 | 4 United Kingdom | 5.6 | 2023 | +2.45% | +3.24% | View data |
| 5 | 5 South Korea | 5.32 | 2023 | +3.5% | +5.16% | View data |
| 6 | 6 France | 4.61 | 2023 | -1.19% | +4.63% | View data |
| 7 | 7 Italy | 3.61 | 2023 | +2.3% | +9.4% | View data |
| 8 | 8 Netherlands | 2.99 | 2023 | +3.83% | +7.33% | View data |
| 9 | 9 Taiwan | 2.71 | 2023 | +2.93% | +2.16% | View data |
| 10 | 10 Australia | 1.4 | 2023 | +1.53% | +3.87% | View data |
