In 2023, Switzerland led global R&D expenditure per capita with 1.9 thousand Euros, closely followed by the United States. Notable year-on-year growth was observed in Belgium and Portugal, reflecting their increased commitment to innovation. The UK and Germany showed stable growth, while countries like Latvia and Lithuania reported significant increases. Montenegro saw a slight decline, signaling potential challenges. Generally, European nations dominated the top ranks, though South Korea maintained a strong presence. Future trends to watch include the expanding role of Asian countries, increased digital innovation investments, and possible resilience in regions heavily investing in green technologies.
Top countries in Business Expenditure on R&D in All Businesses by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 1,900 | 2023 | +2.83% | +3.86% | View data |
| 2 | 2 United States | 1,840 | 2023 | +7.36% | +9.84% | View data |
| 3 | 3 Belgium | 1,280 | 2023 | +7.26% | +9.2% | View data |
| 4 | 4 Sweden | 1,280 | 2023 | +2.68% | +3.23% | View data |
| 5 | 5 South Korea | 1,250 | 2023 | +3.92% | +3.97% | View data |
| 6 | 6 Iceland | 1,080 | 2023 | +6.14% | +5.61% | View data |
| 7 | 7 Austria | 1,070 | 2023 | +2.74% | +2.99% | View data |
| 8 | 8 Finland | 1,010 | 2023 | +4.44% | +5.7% | View data |
| 9 | 9 Denmark | 987.01 | 2023 | +0.24% | +0.16% | View data |
| 10 | 10 Germany | 975.33 | 2023 | +2.75% | +2.15% | View data |
