In 2023, South Korea and Japan led in global private non-profit expenditure on R&D in natural sciences and engineering among the countries listed, with robust year-on-year growth rates of 13.76% and 0.38% respectively. Italy and Russia marked significant increases, with Italy at 3.93% and Russia at 12.44%. Portugal and the Czech Republic also noted noticeable rises. Conversely, Canada and Israel experienced slight declines, with more pronounced reductions observed in Chile and Slovakia.
Future trends indicate potential for increased investment across emerging economies, with technological advancements and collaborative international projects driving up R&D expenditures globally. Watch for policy changes and funding shifts that may further impact expenditure patterns.
Top countries in Private Non-Profit Expenditure on R&D in Natural Sciences and Engineering by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 2,320 | 2023 | +7.05% | +13.76% | View data |
| 2 | 2 Japan | 2,070 | 2023 | +2.14% | +0.38% | View data |
| 3 | 3 Italy | 516.55 | 2023 | -0.87% | +3.93% | View data |
| 4 | 4 Russia | 159 | 2023 | +4.46% | +12.44% | View data |
| 5 | 5 Portugal | 121.79 | 2023 | +1.74% | +12.43% | View data |
| 6 | 6 Canada | 96.16 | 2023 | +0.0031% | -2.11% | View data |
| 7 | 7 Mexico | 87.11 | 2023 | +0.062% | +6.22% | View data |
| 8 | 8 Spain | 73.77 | 2023 | +1.49% | +6.4% | View data |
| 9 | 9 Taiwan | 50.62 | 2023 | -0.82% | +1.47% | View data |
| 10 | 10 Chile | 38.62 | 2023 | -19.39% | -14.32% | View data |
