In 2023, Italy led global civil government budget allocations for R&D in economic development programs, totaling $3.03 billion, followed by Taiwan and Belgium. Notably, Austria and Switzerland showcased significant year-on-year increases at 12.33% and 16.23%, respectively, with Greece surging by 15.79%. Conversely, Mexico faced a negative growth of -3.51%, and Estonia saw a decline of -12.72%. Over the past five years, growth has been uneven but overall positive, reflecting varying national economic strategies and priorities.
Future trends to watch include increased digital transformation investments, sustainability-focused R&D, and heightened collaboration across national borders. Nations may prioritize these areas to enhance economic resilience and technological advancement.
Top countries in Civil Government Budget Allocations for R&D for Economic Development Programmes by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,030 | 2023 | +1.66% | +4.06% | View data |
| 2 | 2 Taiwan | 2,940 | 2023 | +2.32% | +2.97% | View data |
| 3 | 3 Belgium | 2,010 | 2023 | +3.81% | +5.99% | View data |
| 4 | 4 Austria | 1,290 | 2023 | +7.11% | +12.33% | View data |
| 5 | 5 Mexico | 1,290 | 2023 | +1.6% | -3.51% | View data |
| 6 | 6 Israel | 955 | 2023 | +1.76% | +2.65% | View data |
| 7 | 7 Greece | 935.22 | 2023 | +8.44% | +15.79% | View data |
| 8 | 8 Norway | 809.44 | 2023 | +1.72% | +2.84% | View data |
| 9 | 9 Switzerland | 621.98 | 2023 | +7.69% | +16.23% | View data |
| 10 | 10 Hungary | 591.11 | 2023 | +7.53% | +11.44% | View data |
