Japan leads in global R&D capital costs with $20.87 billion, followed by South Korea at $11.54 billion and France at $8.02 billion, based on 2023 values. Year-over-year trends show Japan and South Korea with moderate increases of 2.75% and 5.36%, respectively. Taiwan and Slovakia demonstrated significant jumps, with Taiwan at 5.64% and Slovakia at 15.6%. Conversely, Argentina and Mexico experienced declines of -11.07% and -5.63%. Over a five-year period, Compound Annual Growth Rates indicate varying growth rates by country.
Future trends to watch include emerging R&D investments from smaller economies like Estonia and Iceland, experiencing impressive growth rates, and potential fluctuations in traditionally strong economies due to global economic changes and policy shifts.
Top countries in R&D Capital Costs by Country
# | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Japan | 20,870 | 2023 | +2.07% | +2.75% | View data |
2 | 2 South Korea | 11,540 | 2023 | +3.94% | +5.36% | View data |
3 | 3 France | 8,020 | 2023 | +1.96% | +1.55% | View data |
4 | 4 Taiwan | 5,170 | 2023 | +4.53% | +5.64% | View data |
5 | 5 Italy | 3,930 | 2023 | +2.61% | +2.12% | View data |
6 | 6 Poland | 3,560 | 2023 | +3.64% | +3.44% | View data |
7 | 7 Russia | 3,280 | 2023 | +2.44% | +3.58% | View data |
8 | 8 Netherlands | 1,650 | 2023 | +1.69% | +2.23% | View data |
9 | 9 Austria | 1,300 | 2023 | +2.68% | +3.48% | View data |
10 | 10 Sweden | 1,290 | 2023 | +3.39% | +4.91% | View data |
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