In 2023, Germany led global government expenditure on R&D with $19.9 billion, experiencing a 2.78% increase from the previous year. Japan, South Korea, and Russia followed with $14.61 billion, $11.45 billion, and $12.05 billion, respectively, with varied growth rates. Notably, South Korea saw a 3.56% increase, while Russia faced a decline of 0.9%. Smaller economies like Singapore and Estonia showed robust growth at 4.29% and 3.55%, respectively. Over the last five years, expenditure patterns indicate a focus on technological and innovative advancement.
Future trends to watch include:
- Increased investment in digital transformation and green technologies.
- The impact of geopolitical tensions on R&D collaboration and funding.
- The evolving role of emerging economies in shaping global R&D priorities.
Top countries in Government Expenditure on R&D in All Fields by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,900 | 2023 | +2.12% | +2.78% | View data |
| 2 | 2 Japan | 14,610 | 2023 | +0.98% | +1.73% | View data |
| 3 | 3 Russia | 12,050 | 2023 | +0.89% | -0.9% | View data |
| 4 | 4 South Korea | 11,450 | 2023 | +3.08% | +3.56% | View data |
| 5 | 5 Italy | 4,720 | 2023 | +1.04% | +2.68% | View data |
| 6 | 6 Taiwan | 4,570 | 2023 | +0.95% | +1.34% | View data |
| 7 | 7 Spain | 4,270 | 2023 | +2.54% | +3.04% | View data |
| 8 | 8 United Kingdom | 4,230 | 2023 | -0.21% | +3.5% | View data |
| 9 | 9 Canada | 2,110 | 2023 | -0.06% | +0.3% | View data |
| 10 | 10 Mexico | 1,760 | 2023 | +1.06% | -1.98% | View data |
