In 2023, the United States led the global expenditure on R&D in information and communication services, far ahead of Israel and Canada. The expenditure was significantly increasing, marked by growth across most highlighted countries. Poland and Latvia saw remarkable growth rates, exceeding 20%, while declines were noted in Denmark and Mexico. Growth rates varied, with the United States and Israel experiencing double-digit increases, reflecting their strong focus on tech innovation. Slovakia showed an exceptional spike in R&D investments.
Future trends to watch include the rise of AI and digital transformation, which could spur further investment in R&D, particularly in emerging economies. Investment strategies may shift, prioritizing sustainable tech innovations as global green initiatives progress. Keep an eye on the growth in Eastern Europe as nations like Poland continue to expand their R&D footprints.
Top countries in Business Enterprise Expenditure on R&D Performed in Information and Communication Services by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 200,320,000,000 | 2023 | +9.1% | +12.1% | View data |
| 2 | 2 Israel | 13,316,000,000 | 2023 | +9.2% | +16.28% | View data |
| 3 | 3 Canada | 8,064,900,000 | 2023 | +6.7% | +7.79% | View data |
| 4 | 4 Germany | 6,853,700,000 | 2023 | +3.08% | +6.94% | View data |
| 5 | 5 Japan | 6,795,500,000 | 2023 | +8.78% | +3.33% | View data |
| 6 | 6 United Kingdom | 6,475,200,000 | 2023 | +2.71% | +2.64% | View data |
| 7 | 7 Poland | 5,163,900,000 | 2023 | +14.8% | +20.07% | View data |
| 8 | 8 Sweden | 4,216,700,000 | 2023 | +5.47% | +7.97% | View data |
| 9 | 9 Italy | 3,426,500,000 | 2023 | +7.83% | +6.32% | View data |
| 10 | 10 Australia | 2,827,900,000 | 2023 | +3.45% | +3.75% | View data |
