The United Kingdom leads significantly in R&D expenditure in Administrative and Support Service Activities, standing at 2.74 billion US dollars PPP in 2024, followed by Spain and Italy with 0.23646 and 0.21625 billion US dollars respectively. Spain and Lithuania observed notable increases in spending by 25.48% and 25.31% in 2023, while New Zealand and the United States saw substantial declines. Over the last five years, spending trends globally varied, with some countries making significant gains in their expenditure, while others demonstrated decreases.
For the future, watch for shifts in R&D investment as global economic conditions evolve. Emerging technologies and digitalization may drive higher expenditure in some nations, especially those less impacted by recent economic downturns. Countries may also reallocate focus towards innovation-driven sectors, potentially increasing R&D spending in traditionally lower-investing countries.
Top countries in Business Enterprise R&D Expenditure in Administrative and Support Service Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,740 | 2021 | +14.29% | View data | |
| 2 | 2 Spain | 236.46 | 2023 | +14.36% | +25.48% | View data |
| 3 | 3 Italy | 216.25 | 2023 | +14.04% | +5.3% | View data |
| 4 | 4 South Korea | 174.91 | 2023 | +5.06% | +7.35% | View data |
| 5 | 5 Portugal | 117.16 | 2023 | +14.74% | +14.34% | View data |
| 6 | 6 Czech Republic | 105.93 | 2023 | +39.2% | +38.23% | View data |
| 7 | 7 Canada | 100.48 | 2023 | -0.4% | -4.69% | View data |
| 8 | 8 Japan | 90.93 | 2023 | +2.49% | -1% | View data |
| 9 | 9 Germany | 88.88 | 2023 | +3.38% | +7.35% | View data |
| 10 | 10 Poland | 52.77 | 2023 | +13.63% | +16.11% | View data |
