In 2023, the United States led global R&D expenditure in professional, scientific, technical, administrative, and support service activities with $56.58 billion, showing substantial growth of 14.12% from the previous year. Other noteworthy increases occurred in South Korea, Portugal, and Lithuania with remarkable growth rates of 24.69%, 17.52%, and 17.74% respectively. Conversely, Latvia experienced a decline of 2.94%.
Future trends to watch include a continued increase in digital transformation and AI-related R&D investments, particularly in North American and Asian markets, influencing overall R&D expenditure patterns and priorities.
Top countries in Business Enterprise R&D Expenditure in Professional, Scientific, Technical, Administrative and Support Service Activities by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 56,580 | 2023 | +11.25% | +14.12% | View data |
| 2 | 2 United Kingdom | 27,340 | 2021 | +22.38% | View data | |
| 3 | 3 Japan | 9,250 | 2023 | +9.33% | +0.26% | View data |
| 4 | 4 Germany | 9,030 | 2023 | +4.47% | +3.39% | View data |
| 5 | 5 Israel | 6,320 | 2023 | +4.39% | +3.88% | View data |
| 6 | 6 South Korea | 6,200 | 2023 | +15.01% | +24.69% | View data |
| 7 | 7 Spain | 4,710 | 2023 | +2.7% | +3.29% | View data |
| 8 | 8 Italy | 3,170 | 2023 | +11.5% | +5.12% | View data |
| 9 | 9 Canada | 2,930 | 2023 | +1.92% | +2.21% | View data |
| 10 | 10 Poland | 2,720 | 2023 | -2.28% | +2.82% | View data |
