As of 2023, Japan leads the global R&D budget with $24.26 billion, followed by the United States and Germany. Japan and Cyprus made notable growth, with increases of 20.71% and 21.08% respectively. Other strong performers include Italy and Slovenia. Conversely, Romania and Portugal saw decreases. The compound annual growth rate (CAGR) over the last five years shows a generally positive trend for most countries, reflecting a global commitment to advancing knowledge.
Future trends to watch include:
- Potential increases in Asian countries, driven by technological sectors.
- European countries focusing on sustainable and innovative tech solutions.
- Fluctuations depending on geopolitical and economic challenges.
- Emerging economies might increase budgets as part of development strategies.
Top countries in R&D Budget for General Advancement of Knowledge (Not Financed from General University Funds) by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 24,260 | 2023 | +11.02% | +20.71% | View data |
| 2 | 2 United States | 14,780 | 2023 | +1.57% | +3.33% | View data |
| 3 | 3 Germany | 8,420 | 2023 | +3.79% | +4.64% | View data |
| 4 | 4 South Korea | 6,660 | 2023 | +2.97% | +7.81% | View data |
| 5 | 5 France | 5,900 | 2023 | -2.17% | +1.42% | View data |
| 6 | 6 United Kingdom | 2,850 | 2023 | +1.8% | +6.01% | View data |
| 7 | 7 Spain | 2,560 | 2023 | +8.87% | +8.03% | View data |
| 8 | 8 Taiwan | 2,050 | 2023 | -1.72% | +4.59% | View data |
| 9 | 9 Netherlands | 1,540 | 2023 | +2.55% | +1.25% | View data |
| 10 | 10 Belgium | 1,380 | 2023 | +12.15% | +7.92% | View data |
