In 2023, the United States leads global R&D expenditure in the services sector with $66.06 billion PPP, followed by Israel with $4.4 billion and Germany at $3.77 billion. The U.S. saw a significant 13.04% increase from the previous year. Countries like South Korea and Portugal experienced notable growth rates of 14.71% and 17.35%, respectively. In contrast, Mexico experienced a decline of 2.59% in R&D spending.
Future trends to watch include digitization and AI-driven investment, which could shift R&D priorities. Moreover, emerging markets might increase their contribution to global R&D, altering the current landscape, driven by technological integration and government support.
Top countries in Business Enterprise Expenditure on R&D Performed in Total Services Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 66.06 | 2023 | +9.2% | +13.04% | View data |
| 2 | 2 Israel | 4.4 | 2023 | +8.36% | +11.82% | View data |
| 3 | 3 Germany | 3.77 | 2023 | +4.5% | +5.35% | View data |
| 4 | 4 Japan | 3.5 | 2023 | +7.77% | +0.2% | View data |
| 5 | 5 Canada | 3.08 | 2023 | +6.14% | +7.04% | View data |
| 6 | 6 South Korea | 3.07 | 2023 | +11.09% | +14.71% | View data |
| 7 | 7 Italy | 2.19 | 2023 | +10.59% | +7.72% | View data |
| 8 | 8 Australia | 1.87 | 2023 | +2.64% | +2.71% | View data |
| 9 | 9 Spain | 1.73 | 2023 | +3.69% | +3.89% | View data |
| 10 | 10 Belgium | 1.67 | 2023 | +4.53% | +8.03% | View data |
