In 2023, Cyprus led global private non-profit R&D expenditure as a percentage of GDP, followed by South Korea and Australia. Notably, Cyprus and Portugal experienced significant growth, with year-on-year increases of 13.86% and 13.66% respectively. Conversely, Slovakia and Romania witnessed the largest declines, highlighting regional disparities. Russia and Slovenia showed remarkable recovery with impressive growth rates, while countries like Canada and Taiwan experienced notable contractions.
Future trends to watch include the potential impact of innovation policies on R&D investments, challenges due to economic fluctuations, and shifts in global partnerships influencing funding in non-profit R&D sectors. Monitoring these factors could provide insights into potential growth areas or constraints.
Top countries in Private Non-Profit Expenditure on R&D by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 0.13 | 2023 | +3.46% | +13.86% | View data |
| 2 | 2 South Korea | 0.1 | 2023 | +4.12% | +10.18% | View data |
| 3 | 3 Australia | 0.07 | 2023 | +1.47% | +1.52% | View data |
| 4 | 4 Colombia | 0.067 | 2023 | +0.19% | +0.36% | View data |
| 5 | 5 France | 0.048 | 2023 | +1.71% | +6.54% | View data |
| 6 | 6 United Kingdom | 0.045 | 2023 | +1.92% | +4.21% | View data |
| 7 | 7 Israel | 0.043 | 2023 | -0.089% | -0.98% | View data |
| 8 | 8 Portugal | 0.041 | 2023 | +0.34% | +13.66% | View data |
| 9 | 9 Japan | 0.04 | 2023 | -0.38% | -0.57% | View data |
| 10 | 10 Italy | 0.026 | 2023 | -1.4% | +3.3% | View data |
