The analysis of global intramural R&D expenditure in engineering and technology highlights South Korea as the leader with $85.96 billion. Taiwan, Russia, Poland, and Singapore follow, indicating robust investment in this sector. Notable year-on-year growth in 2023 includes Latvia at 10.56% and Taiwan at 9.33%, showcasing dynamic shifts. Poland and Singapore show steady growth above 5%, while Romania is the only country showing a decline.
Future trends indicate an increased emphasis on digital transformation and sustainability projects, as emerging technologies and environmental concerns drive investment in these areas. Watch for significant growth potential in AI and green technology research.
Top countries in Total Intramural Expenditure on R&D in Engineering and Technology by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 85,960 | 2023 | +4.51% | +4.27% | View data |
| 2 | 2 Taiwan | 49,580 | 2023 | +8.6% | +9.33% | View data |
| 3 | 3 Russia | 29,540 | 2023 | +1.06% | +2.28% | View data |
| 4 | 4 Poland | 9,800 | 2023 | +5.35% | +5.36% | View data |
| 5 | 5 Singapore | 7,880 | 2023 | +2.81% | +5.43% | View data |
| 6 | 6 Czech Republic | 3,870 | 2023 | +1.96% | +0.27% | View data |
| 7 | 7 Hungary | 3,680 | 2023 | +6.49% | +6.8% | View data |
| 8 | 8 Portugal | 2,800 | 2023 | +1.89% | +6.6% | View data |
| 9 | 9 Romania | 1,770 | 2023 | -0.019% | -0.37% | View data |
| 10 | 10 Slovakia | 951.08 | 2023 | +1.39% | +1.71% | View data |
