In 2023, Germany led global government expenditure on R&D among the countries listed, with significant increases year-on-year. Japan and South Korea also showed positive growth in their R&D spending, although Russia and Mexico experienced declines. Countries like Spain, the United Kingdom, and Singapore saw robust gains. Notably, the average R&D spending increased steadily across many European countries, despite some minor drops in countries like the Netherlands and Finland. Poland showed the highest growth percentage-wise. Over the last five years, many countries maintained a positive CAGR in R&D spending.
Future trends to watch include South Korea and Singapore continuing their upward trajectory in R&D investment, driven by technological advancements. European countries like Poland and Slovenia are expected to enhance their spending due to increased emphasis on innovation. A potential decrease in Russia's R&D funding due to economic challenges could impact global competitiveness. Enhancements in digital and green technologies are likely to influence the direction of R&D investments globally.
Top countries in Government Expenditure on R&D in All Fields Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.52 | 2023 | +2.12% | +2.78% | View data |
| 2 | 2 Japan | 16.52 | 2023 | +0.98% | +1.73% | View data |
| 3 | 3 Russia | 13.63 | 2023 | +0.89% | -0.9% | View data |
| 4 | 4 South Korea | 12.95 | 2023 | +3.08% | +3.56% | View data |
| 5 | 5 Italy | 5.34 | 2023 | +1.04% | +2.68% | View data |
| 6 | 6 Taiwan | 5.17 | 2023 | +0.95% | +1.34% | View data |
| 7 | 7 Spain | 4.83 | 2023 | +2.54% | +3.04% | View data |
| 8 | 8 United Kingdom | 4.79 | 2023 | -0.21% | +3.5% | View data |
| 9 | 9 Canada | 2.39 | 2023 | -0.06% | +0.3% | View data |
| 10 | 10 Mexico | 1.99 | 2023 | +1.06% | -1.98% | View data |
