In 2023, China's R&D expenditure in mining and quarrying significantly exceeded other countries, illustrating its commitment to advancing technologies in this sector. Despite a 10.19% increase in the United States, it remained a distant second. European countries exhibited mixed trends; Italy and Germany experienced declines, while Portugal saw a substantial rise of 11.68%. Japan and South Korea recorded notable reductions, indicative of shifting priorities or economic constraints.
Future global trends point towards increased investment in sustainable mining technologies and digital transformation. Countries may prioritize eco-friendly practices and automation, potentially reshaping expenditure patterns in this industry.
Top countries in Business Enterprise R&D Expenditure in Mining and Quarrying Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 61.26 | 2023 | +2.48% | +1.28% | View data |
| 2 | 2 United States | 25.2 | 2023 | +15.54% | +10.19% | View data |
| 3 | 3 United Kingdom | 2.13 | 2021 | +12.65% | View data | |
| 4 | 4 Norway | 1.57 | 2023 | +2.59% | +1.15% | View data |
| 5 | 5 Italy | 0.75 | 2023 | +17.2% | -1.54% | View data |
| 6 | 6 Chile | 0.25 | 2023 | -8.57% | -0.92% | View data |
| 7 | 7 Spain | 0.23 | 2023 | -0.32% | +1.28% | View data |
| 8 | 8 Portugal | 0.22 | 2023 | +10.95% | +11.68% | View data |
| 9 | 9 Germany | 0.19 | 2023 | -0.94% | -4.46% | View data |
| 10 | 10 Romania | 0.13 | 2023 | +6.62% | +3.48% | View data |
