The United Kingdom leads in global business enterprise R&D expenditure in services with 52.74 billion US dollars PPP in 2023. Israel follows with 20.14 billion, exhibiting an 11.11% year-on-year increase. South Korea and Finland show notable growth at 12.72% and 13.52% respectively. Negative growth was recorded in Mexico (-2.04%). Over the past five years, consistent annual increases highlight enhanced service sector investments in many nations.
Future trends to watch:
- Increasing focus on digital transformation and AI investments.
- Potential expansion in R&D collaboration across countries.
- Shifts towards sustainability and green technologies.
Top countries in Business Enterprise R&D Expenditure in Services by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52,740 | 2021 | View data | ||
| 2 | 2 Israel | 20,140 | 2023 | +7.41% | +11.11% | View data |
| 3 | 3 Germany | 17,060 | 2021 | +10.6% | View data | |
| 4 | 4 Japan | 16,600 | 2023 | +7.96% | +0.26% | View data |
| 5 | 5 South Korea | 13,210 | 2023 | +6.65% | +12.72% | View data |
| 6 | 6 Spain | 7,990 | 2021 | +9.85% | View data | |
| 7 | 7 Italy | 6,860 | 2021 | View data | ||
| 8 | 8 Taiwan | 3,800 | 2023 | +5.46% | +7.44% | View data |
| 9 | 9 Finland | 3,060 | 2023 | +12.65% | +13.52% | View data |
| 10 | 10 Portugal | 2,230 | 2021 | +14.5% | View data |
