In 2023, Germany led the global total energy RD&D spending among the listed countries, with notable growth of 5.38% year-on-year. Norway and Denmark showed the highest year-over-year increases, with 14.46% and 14.54%, respectively, while Hungary had a significant growth rate of 36.99%. Conversely, Slovakia and Finland faced declines, with -15.61% and -11.42%, respectively. Brazil, Switzerland, and Estonia also experienced decreases. Over the last five years, the compound annual growth rates suggest varying trends, with some countries consistently increasing their investment, highlighting a commitment to advancing energy innovation.
Looking ahead, expect emerging markets to accelerate their energy RD&D investments as they prioritize sustainable energy solutions. Nations with current decreasing trends may implement strategic shifts to catch up and align with global energy transition goals. Watch for technology advancements and policy changes that could influence future distributions and investments in energy RD&D worldwide.
Top countries in Total Energy RD&D Share by Country (Million US Dollars PPP = 2018)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.92 | 2023 | +4.41% | +5.38% | View data |
| 2 | 2 Brazil | 14.61 | 2023 | +2.22% | -3.18% | View data |
| 3 | 3 Canada | 11.81 | 2023 | +1.1% | +3.58% | View data |
| 4 | 4 South Korea | 11.02 | 2023 | +3.27% | +6.85% | View data |
| 5 | 5 Italy | 7.71 | 2023 | +0.092% | +1.54% | View data |
| 6 | 6 Norway | 5.93 | 2023 | +9.63% | +14.46% | View data |
| 7 | 7 Netherlands | 4.23 | 2023 | +0.38% | +4.93% | View data |
| 8 | 8 Belgium | 3.56 | 2023 | -0.081% | +7.34% | View data |
| 9 | 9 Switzerland | 3.32 | 2023 | -0.95% | -1.32% | View data |
| 10 | 10 Sweden | 3.24 | 2023 | +1.89% | +7.86% | View data |
