Global Business Enterprise Expenditure on R&D in Manufacturing shows a varied landscape in 2023, with South Korea, Taiwan, and Japan leading in terms of GDP percentage. Recent trends indicate rising R&D effort in emerging economies like China and Taiwan. Conversely, traditional powerhouses such as Germany and the United States see modest year-on-year growth. South Korea and the United States grew by over 1.5%, and Taiwan showed a remarkable 5.9% increase. Notably, Argentina's growth surpassed 9%, highlighting potential in Latin America amid Mexico's decline of over 8%.
Looking forward, focus on technological advancements, geopolitical dynamics, and economic policies that could reshape the R&D investment landscape across manufacturing sectors globally.
Top countries in Business Enterprise Expenditure on R&D Performed in Total Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.5 | 2023 | +2.09% | +1.68% | View data |
| 2 | 2 Taiwan | 3.28 | 2023 | +5.67% | +5.91% | View data |
| 3 | 3 Japan | 2.24 | 2023 | +0.42% | +0.26% | View data |
| 4 | 4 Germany | 1.74 | 2023 | -0.0099% | -0.98% | View data |
| 5 | 5 Austria | 1.54 | 2023 | +1.31% | +1.44% | View data |
| 6 | 6 China | 1.52 | 2023 | +1.63% | +2.21% | View data |
| 7 | 7 United States | 1.49 | 2023 | -0.0033% | +1.73% | View data |
| 8 | 8 Belgium | 1.25 | 2023 | +1.66% | +2.24% | View data |
| 9 | 9 Finland | 1.19 | 2023 | +0.9% | +1.35% | View data |
| 10 | 10 Slovenia | 1.19 | 2023 | +1.26% | +2.21% | View data |
