In 2023, Japan led global private non-profit R&D expenditure in natural sciences, followed distantly by Russia and Portugal. Notably, Russia exhibited a significant increase in funding at 28.55% compared to the previous year, while Slovenia saw a remarkable 56.31% rise. Conversely, Chile experienced a notable decline of 25.32%. Over the past five years, compound annual growth rate (CAGR) trends suggest varied progress, with aggressive growth in Russia and Slovenia and moderate performances in Poland and Israel.
Future trends to watch include Russia's expanding role in global R&D, potential for recovery in Chile, and continuous growth opportunities in European countries like Slovenia and Portugal. Monitoring geopolitical shifts and emerging technological capabilities will be essential.
Top countries in Private Non-Profit Expenditure on R&D in Natural Sciences by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 386.8 | 2023 | +1.04% | -0.03% | View data |
| 2 | 2 Russia | 111.89 | 2023 | +6.38% | +28.55% | View data |
| 3 | 3 Portugal | 82.77 | 2023 | +1.93% | +9.91% | View data |
| 4 | 4 South Korea | 74.86 | 2023 | +2.58% | +7.48% | View data |
| 5 | 5 Italy | 49.26 | 2023 | +0.39% | +4.75% | View data |
| 6 | 6 Canada | 43.57 | 2023 | +8.41% | +5.93% | View data |
| 7 | 7 Spain | 16.08 | 2023 | +2.31% | +38.41% | View data |
| 8 | 8 Chile | 9.76 | 2023 | -43.02% | -25.32% | View data |
| 9 | 9 Israel | 8.65 | 2023 | -0.63% | +4.96% | View data |
| 10 | 10 Slovenia | 8.18 | 2023 | +20.23% | +56.31% | View data |
