In 2023, global business expenditure on R&D in natural sciences was dominated by South Korea at $19.39 billion PPP, followed by Taiwan at $4.46 billion and Poland at $4.01 billion. South Korea experienced a moderate year-on-year growth of 6.36%, while Taiwan and Poland saw significant growth of 12.81% and 17.12%, respectively. Conversely, Romania saw a decline with a -5.06% change. The five-year CAGR for these regions highlights strong growth potential, especially in Poland and Taiwan.
Future trends to watch include heightened R&D investments in countries with rapid technological advancements and government support, with a focus on digital technologies and renewable energies. These sectors are expected to drive greater expenditure in the coming years as part of global strategies for innovation and sustainable development.
Top countries in Business Enterprise Expenditure on R&D in Natural Sciences by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 19,390 | 2023 | +5.77% | +6.36% | View data |
| 2 | 2 Taiwan | 4,460 | 2023 | +11.77% | +12.81% | View data |
| 3 | 3 Poland | 4,010 | 2023 | +13.42% | +17.12% | View data |
| 4 | 4 Czech Republic | 2,220 | 2023 | +9.64% | +11.63% | View data |
| 5 | 5 Canada | 1,880 | 2023 | +0.33% | +4.91% | View data |
| 6 | 6 Russia | 1,700 | 2023 | +1.46% | +4.12% | View data |
| 7 | 7 Singapore | 786.35 | 2023 | +4.22% | +7.94% | View data |
| 8 | 8 Hungary | 759.23 | 2023 | +4.17% | +4.72% | View data |
| 9 | 9 Portugal | 715.62 | 2023 | +2.46% | +9.94% | View data |
| 10 | 10 Slovenia | 429.89 | 2023 | +3.3% | +7.99% | View data |
