The global government expenditures on R&D for economic affairs show Austria leading with $17.64, followed by the United Kingdom and the Netherlands. The data from 2023 demonstrates varied levels of investment, with countries like Sweden, Slovakia, and Australia investing less than $2. Despite high expenditure, Germany invests $8.67, indicating a diverse commitment across economically advanced nations. Forecasted data for 2024 isn't deeply different from previous actuals, demonstrating stability in R&D investments globally.
Future trends to watch:
- Increased emphasis on technology and sustainability might drive more substantial R&D funding.
- Economic uncertainties could influence government R&D budgets, pushing countries to prioritize high-impact areas.
- Regional collaborations may emerge as a way to share R&D investments and outcomes.
Top countries in Government Expenditures on R&D Economic Affairs by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Austria | 17.64 | 2023 | View data |
| 2 | 2 United Kingdom | 15.5 | 2023 | View data |
| 3 | 3 Netherlands | 12.77 | 2023 | View data |
| 4 | 4 France | 12.02 | 2023 | View data |
| 5 | 5 Italy | 11.82 | 2023 | View data |
| 6 | 6 Finland | 11.01 | 2023 | View data |
| 7 | 7 Luxembourg | 9.39 | 2023 | View data |
| 8 | 8 Norway | 9.2 | 2023 | View data |
| 9 | 9 Spain | 8.72 | 2023 | View data |
| 10 | 10 Germany | 8.67 | 2023 | View data |
