The United States leads in government budget appropriations for R&D in agriculture, although it saw a steep decline of over 28% in 2023. South Korea and the United Kingdom follow, both witnessing positive variations. Denmark experienced a significant surge of over 90%, while Belgium, Czech Republic, and Greece all noted increases of around 4-5%. Notable declines were observed in Japan and Mexico. Spain also saw a reduction, whereas Estonia and Latvia reported substantial increases. Over the past five years, these countries have shown varying growth trends, with some improving their R&D investments, while others have cut back.
Future trends to watch for include technological advancements that may drive increased investment in R&D, potential shifts in agriculture policy due to climate change, and economic fluctuations affecting governmental budgets. The focus might also turn towards sustainable practices and innovation in agri-tech, influencing budget allocations.
Top countries in Government Budget Appropriations or Outlays for R&D in Agriculture by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 26,460 | 2023 | -11.93% | -28.02% | View data |
| 2 | 2 South Korea | 22,640 | 2023 | +4.41% | +0.58% | View data |
| 3 | 3 United Kingdom | 18,480 | 2023 | +2.53% | +2.42% | View data |
| 4 | 4 Japan | 7,230 | 2023 | -7.26% | -27.91% | View data |
| 5 | 5 Belgium | 4,450 | 2023 | +4.06% | +5.15% | View data |
| 6 | 6 Czech Republic | 3,050 | 2023 | +4.17% | +4.46% | View data |
| 7 | 7 Greece | 2,240 | 2023 | +4.68% | +4.21% | View data |
| 8 | 8 Denmark | 2,170 | 2023 | +0.62% | +90.17% | View data |
| 9 | 9 Finland | 2,130 | 2023 | +2.58% | +0.41% | View data |
| 10 | 10 Portugal | 1,380 | 2023 | +2.86% | +3.53% | View data |
