In 2023, Germany led global government expenditure on R&D with $24.09 million PPP, showing a robust year-on-year growth of 5.32%. Japan and Russia followed, with respective growths of 2.71% and 0.4%. The UK demonstrated significant growth at 6.35%. Italy and Spain also saw notable increases of over 4%. South Korea maintained steady growth at 4.63%. Conversely, Mexico and Chile experienced declines. The five-year CAGR reveals a consistent upward trend in R&D investment across most countries, emphasizing a global commitment to innovation.
Future trends to watch include increased R&D investment by emerging economies and technological hubs, continued growth in R&D expenditures in developed nations, and potential impacts of geopolitical shifts on R&D funding priorities.
Top countries in Government Expenditure on R&D in All Fields Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.09 | 2023 | +4.65% | +5.32% | View data |
| 2 | 2 Japan | 14.71 | 2023 | +1.5% | +2.71% | View data |
| 3 | 3 Russia | 14.19 | 2023 | +2.2% | +0.4% | View data |
| 4 | 4 South Korea | 12.22 | 2023 | +4.02% | +4.63% | View data |
| 5 | 5 Italy | 5.79 | 2023 | +3.7% | +5.38% | View data |
| 6 | 6 United Kingdom | 4.97 | 2023 | +1.78% | +6.35% | View data |
| 7 | 7 Spain | 4.88 | 2023 | +4.2% | +4.9% | View data |
| 8 | 8 Taiwan | 4.86 | 2023 | +2.18% | +3.18% | View data |
| 9 | 9 Canada | 2.35 | 2023 | +0.97% | +1.63% | View data |
| 10 | 10 Mexico | 1.93 | 2023 | +3.09% | -0.69% | View data |
