Global government expenditure on R&D for general public services in 2023 highlights significant disparities among countries. Japan leads with the highest spending, whereas Romania and Greece exhibit moderate allocation. Germany and the UK show contrasting trends with Germany experiencing modest growth and the UK almost 10% increase. Notably, Finland and Slovenia show strongest growth, while Slovakia and Netherlands display substantial decreases. Stable or declining expenditures in major economies like Italy, Colombia, and Portugal indicate potential shifts in priorities. The Compound Annual Growth Rate (CAGR) reveals diversified trends over five years, indicating strategic shifts in government policies regarding R&D funding.
Future trends to watch include potential increases in R&D allocations by countries experiencing rapid technological advancement and the possible reallocation of resources towards emerging industries. With an increasing focus on climate change, digital transformation, and healthcare innovation, countries might adjust their R&D portfolios accordingly. Monitoring these shifts will be critical for anticipating global economic dynamics and technological leadership.
Top countries in Government Expenditure on R&D General Public Services Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 58.3 | 2023 | +0.92% | +0.41% | View data |
| 2 | 2 Romania | 9.57 | 2023 | +2.07% | +1.45% | View data |
| 3 | 3 Greece | 9.39 | 2023 | +1.69% | +2.47% | View data |
| 4 | 4 Germany | 4.65 | 2023 | +2.46% | +2.81% | View data |
| 5 | 5 United Kingdom | 4.15 | 2023 | +4.95% | +9.75% | View data |
| 6 | 6 Spain | 3.91 | 2023 | +1.57% | +1.64% | View data |
| 7 | 7 Norway | 2.96 | 2023 | +2.55% | +2.58% | View data |
| 8 | 8 Italy | 1.96 | 2023 | -3.76% | -3% | View data |
| 9 | 9 Czech Republic | 1.63 | 2023 | +2.65% | -3.19% | View data |
| 10 | 10 Colombia | 0.83 | 2023 | -8.96% | -3.57% | View data |
