The 2023 data shows Japan leading in global R&D expenditure, followed by Germany and South Korea. Notable year-on-year variations include Estonia’s significant increase of 16.16%, alongside Lithuania and Latvia, each with over 15% growth. Conversely, Mexico is the sole country displaying a negative trend with a 1.06% decline. Over the last five years, the Compound Annual Growth Rate (CAGR) provides insights into sustained growth patterns, depicting countries like Taiwan, Portugal, and Israel as having robust upward trends in investment.
Future trends to watch include potential shifts toward digitalization and technology innovation, which could drive R&D investment growth. Countries with currently moderate investment, like the Netherlands and Singapore, might accelerate expenditure as global competitiveness heightens.
Top countries in Business Enterprise Expenditure on R&D in All Fields by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 143,960 | 2023 | +1.61% | +1.05% | View data |
| 2 | 2 Germany | 109,100 | 2023 | +2.93% | +2.16% | View data |
| 3 | 3 South Korea | 105,100 | 2023 | +5.29% | +5.5% | View data |
| 4 | 4 United Kingdom | 76,230 | 2023 | +4.71% | +5.04% | View data |
| 5 | 5 Taiwan | 60,580 | 2023 | +12.82% | +13.33% | View data |
| 6 | 6 Russia | 29,380 | 2023 | +2.24% | +4.75% | View data |
| 7 | 7 Italy | 25,330 | 2023 | +2.34% | +1.6% | View data |
| 8 | 8 Israel | 24,120 | 2023 | +7.35% | +9.94% | View data |
| 9 | 9 Canada | 20,070 | 2023 | +2.91% | +3.03% | View data |
| 10 | 10 Netherlands | 18,460 | 2023 | +4.26% | +5.44% | View data |
