The United States leads with a significant R&D expenditure share of 85.28 million USD, indicating strong investment in financial and insurance activities, followed by the United Kingdom and Taiwan. Recent year-on-year trends highlight substantial increases in Hungary and Iceland, while Spain and Slovenia face declines. The United States, Taiwan, and Israel experience positive growth, contrasting with declines in Japan and Estonia. Over the last two years, several countries display moderate fluctuations, with some showing robust increases.
Future trends to watch include:
- Potential growth in countries like Hungary and Israel, continuing their ascent in R&D investment.
- Stability or possible declines in Japan and Spain if current trends persist.
- Overall global R&D investment may expand with advancements in financial technology and insurance innovations.
Top countries in Business Enterprise R&D Expenditure in Financial and Insurance Activities Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 85.28 | 2023 | +28.79% | +42.01% | View data |
| 2 | 2 United Kingdom | 2.64 | 2021 | +13.9% | View data | |
| 3 | 3 Taiwan | 1.04 | 2023 | +8.77% | +11.72% | View data |
| 4 | 4 Germany | 0.93 | 2023 | +2.49% | +8.07% | View data |
| 5 | 5 Poland | 0.79 | 2021 | -2.54% | View data | |
| 6 | 6 Canada | 0.62 | 2023 | +0.18% | +3.31% | View data |
| 7 | 7 South Korea | 0.48 | 2023 | +9.99% | +4.81% | View data |
| 8 | 8 Portugal | 0.48 | 2023 | -0.23% | +5.32% | View data |
| 9 | 9 Spain | 0.42 | 2023 | +7.03% | -9.2% | View data |
| 10 | 10 Czech Republic | 0.21 | 2023 | +0.38% | +3.34% | View data |
