In 2023, South Korea leads global private non-profit R&D expenditure at $2.81 billion USD PPP, with a strong year-on-year growth of 14.77%. Japan follows at $2.16 billion USD, experiencing a slight decline of 0.15%. The United Kingdom and Italy display robust growth at 6.32% and 5.61% respectively. Conversely, Canada shows a minor decrease of 1.76%, while Slovakia records a significant drop of 32.96%. Despite lower absolute values, Slovenia and Portugal exhibit notable expansion rates of 27.0% and 13.97% respectively. Conversely, Chile and Israel saw contractions in investment.
Looking forward, growth in the global non-profit R&D sector may be influenced by technological advancements, economic policies, and international collaborations. Emerging trends suggest a potential increase in investment among digital healthcare and green technologies sectors, likely driven by rising global demand and innovation imperatives.
Top countries in Private Non-Profit Expenditure on R&D in All Fields by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 2,810 | 2023 | +8.68% | +14.77% | View data |
| 2 | 2 Japan | 2,160 | 2023 | +0.19% | -0.15% | View data |
| 3 | 3 United Kingdom | 1,550 | 2023 | +3.59% | +6.32% | View data |
| 4 | 4 Italy | 767.43 | 2023 | +1.15% | +5.61% | View data |
| 5 | 5 Russia | 221.78 | 2023 | +4.85% | +12.07% | View data |
| 6 | 6 Israel | 155.98 | 2023 | -0.0038% | -0.52% | View data |
| 7 | 7 Portugal | 150.57 | 2023 | +1.25% | +13.97% | View data |
| 8 | 8 Canada | 129.67 | 2023 | +1.39% | -1.76% | View data |
| 9 | 9 Mexico | 98.57 | 2023 | +2.84% | +2.56% | View data |
| 10 | 10 Spain | 92.58 | 2023 | +1.63% | +8.44% | View data |
