In 2023, South Korea led global private non-profit expenditure on R&D in engineering and technology with $1.87 billion, experiencing a 14.14% increase. Japan followed with $1.0 billion, but slightly declined by 0.057%. Italy and Chile showed modest growth at 3.37% and 3.31%, respectively. Conversely, Russia and Romania saw reductions of 6.16% and 4.12%. Notably, Portugal surged by 40.62% and Canada by 23.29%, indicating rising investment trends. Smaller European nations like Slovakia and Estonia had fluctuating patterns with significant volatility.
Looking ahead, the global landscape for private non-profit R&D in engineering and technology suggests continued growth, with dynamic changes driven by digital transformation initiatives and clean energy technologies. Countries showing substantial new investments and startups could see increased contributions, potentially reshaping the ranking landscape. Attention should also be given to international collaborations fostering innovation across borders.
Top countries in Private Non-Profit Expenditure on R&D in Engineering and Technology by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 1,870 | 2023 | +8.52% | +14.14% | View data |
| 2 | 2 Japan | 1,000 | 2023 | -1.09% | -0.057% | View data |
| 3 | 3 Italy | 81.9 | 2023 | +1.54% | +3.37% | View data |
| 4 | 4 Russia | 37.36 | 2023 | -0.91% | -6.16% | View data |
| 5 | 5 Portugal | 33.57 | 2023 | +10.63% | +40.62% | View data |
| 6 | 6 Poland | 27.99 | 2023 | +22.2% | +14.31% | View data |
| 7 | 7 Chile | 26.95 | 2023 | +2.11% | +3.31% | View data |
| 8 | 8 Canada | 11.91 | 2023 | +21.02% | +23.29% | View data |
| 9 | 9 Spain | 11.57 | 2023 | +0.0086% | +2.48% | View data |
| 10 | 10 Taiwan | 6.58 | 2023 | -7.77% | +1.32% | View data |
