In 2024, Taiwan leads global business expenditure on R&D in manufacturing, maintaining steady growth with a slight increase of 0.17% from the previous year. Japan and South Korea follow, with South Korea experiencing a minor decline. European countries like Germany, Austria, and Slovakia show relatively stable R&D expenditure, with Germany and Austria seeing slight reductions. Emerging economies such as China and Mexico display moderate decreases in their R&D shares, suggesting a shift in regional growth dynamics. Latvia, Denmark, and Hungary exhibit notable positive changes, indicating growing R&D focus, whereas countries such as Belgium, Sweden, and Poland are experiencing declines.
Future trends to watch include shifts in R&D spending towards emerging markets, spurred by increasing technological capabilities. Countries exhibiting growth could continue leveraging innovation for economic expansion. Conversely, regions with declining expenditure may need policy interventions to stimulate R&D investment. As technological advancements rapidly evolve, maintaining competitive R&D landscapes is crucial for sustained industrial growth. Watch for technological shifts and geopolitical influences impacting R&D efforts worldwide.
Top countries in Business Enterprise Expenditure on R&D Performed in Total Manufacturing by Country
| # | 10 Countries | Percent of Total BERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Taiwan | 92.34 | 2023 | +0.0013% | +0.17% | View data |
| 2 | 2 Japan | 86.72 | 2023 | -0.12% | +0.043% | View data |
| 3 | 3 South Korea | 86.18 | 2023 | +0.056% | -0.61% | View data |
| 4 | 4 Germany | 82.78 | 2023 | -0.39% | -0.62% | View data |
| 5 | 5 China | 77.38 | 2023 | -0.51% | -1.16% | View data |
| 6 | 6 Austria | 66.02 | 2023 | -0.0055% | -0.067% | View data |
| 7 | 7 Slovakia | 65.72 | 2023 | +6.17% | -1.18% | View data |
| 8 | 8 Mexico | 61.06 | 2023 | -0.13% | -0.13% | View data |
| 9 | 9 Finland | 56.81 | 2023 | -0.96% | -1.54% | View data |
| 10 | 10 Latvia | 55.77 | 2023 | +0.35% | +3.1% | View data |
