The analysis of Global Business Enterprise Expenditure on R&D in Natural Sciences and Engineering from 2023 shows significant variations. South Korea leads with a share of 39.72 million US dollars PPP. Notable year-on-year gains include Latvia with a 15.89% increase, Taiwan at 13.37%, and Portugal at 14%. Some countries like Mexico saw a decrease of 5.36%. The five-year CAGR trend indicates stable investment growth in the sector, with significant contributions from Asian and Eastern European countries.
For future trends, expect increased R&D expenditure in emerging markets driven by technology adoption and government incentives. Additionally, sustainability initiatives are likely to influence R&D priorities globally.
Top countries in Business Enterprise Expenditure on R&D in Natural Sciences and Engineering Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 39.72 | 2023 | +5.2% | +5.44% | View data |
| 2 | 2 Taiwan | 23.54 | 2023 | +12.85% | +13.37% | View data |
| 3 | 3 Russia | 11.35 | 2023 | +2.37% | +4.92% | View data |
| 4 | 4 Canada | 7.72 | 2023 | +2.91% | +3.03% | View data |
| 5 | 5 Poland | 5.87 | 2023 | +8.54% | +9.85% | View data |
| 6 | 6 Singapore | 2.98 | 2023 | +3.18% | +5.67% | View data |
| 7 | 7 Czech Republic | 2.53 | 2023 | +5.01% | +5.25% | View data |
| 8 | 8 Hungary | 1.91 | 2023 | +6.04% | +7.03% | View data |
| 9 | 9 Portugal | 1.76 | 2023 | +11.26% | +14% | View data |
| 10 | 10 Romania | 0.85 | 2023 | +4.62% | +5.32% | View data |
