In 2023, South Korea led global private non-profit expenditure on R&D with a significant year-on-year increase of 14.77%, followed by stable investments in Japan. The United Kingdom and Italy showed moderate growth of 6.32% and 5.61%, respectively. Russia's investment surged by 12.07%, while Canada saw a decrease of 1.76%. Notably, Slovenia reported the highest growth at 27%, and Chile experienced the largest decline at 10.6%. Over a five-year period, these trends illustrate the dynamic allocation and prioritization of R&D resources.
Future trends to watch include the potential for increased R&D expenditure in emerging markets and technological hubs, as well as shifts in investment due to geopolitical and economic factors. There may also be a focus on sustainability and digital transformation, influencing research priorities and funding allocations globally.
Top countries in Private Non-Profit Expenditure on R&D in All Fields Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 33.26 | 2023 | +8.68% | +14.77% | View data |
| 2 | 2 Japan | 25.55 | 2023 | +0.19% | -0.15% | View data |
| 3 | 3 United Kingdom | 18.26 | 2023 | +3.59% | +6.32% | View data |
| 4 | 4 Italy | 9.07 | 2023 | +1.15% | +5.61% | View data |
| 5 | 5 Russia | 2.62 | 2023 | +4.85% | +12.07% | View data |
| 6 | 6 Israel | 1.84 | 2023 | -0.0038% | -0.52% | View data |
| 7 | 7 Portugal | 1.78 | 2023 | +1.25% | +13.97% | View data |
| 8 | 8 Canada | 1.53 | 2023 | +1.39% | -1.76% | View data |
| 9 | 9 Mexico | 1.16 | 2023 | +2.84% | +2.56% | View data |
| 10 | 10 Spain | 1.09 | 2023 | +1.63% | +8.44% | View data |
