In 2023, Taiwan led global expenditures on R&D financed by the business enterprise sector, with its value at 86.63% of total GERD. Despite a minor decrease, Japan and South Korea remained competitive. The United States experienced notable growth. European countries like Belgium and Germany saw mixed results, with Portugal showing a significant positive trend in expenditure.
Variations indicate that Taiwan, the United States, and Singapore are experiencing positive growth. Portugal and Colombia showed substantial increases, while countries like Germany, Slovenia, and Croatia exhibited declines.
Future trends to watch include technological advancements driving R&D investments, with Asia-Pacific countries like Taiwan and China expected to strengthen their dominance. Additionally, emerging economies might see increased business sector involvement in R&D, facilitated by digital transformation and global collaborations.
Top countries in Gross Domestic Expenditure on R&D Financed by the Business Enterprise Sector by Country
| # | 10 Countries | Percent of Total GERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Taiwan | 86.63 | 2023 | +1.43% | +1.52% | View data |
| 2 | 2 China | 78.62 | 2023 | +0.41% | +0.51% | View data |
| 3 | 3 Japan | 78.07 | 2023 | +0.00024% | -0.25% | View data |
| 4 | 4 South Korea | 76.12 | 2023 | +0.002% | -0.14% | View data |
| 5 | 5 United States | 68.41 | 2023 | +0.36% | +1.31% | View data |
| 6 | 6 Belgium | 64.41 | 2023 | +0.00021% | +0.16% | View data |
| 7 | 7 Germany | 62.06 | 2023 | -0.46% | -1.23% | View data |
| 8 | 8 Malta | 61.97 | 2023 | +0.62% | +0.79% | View data |
| 9 | 9 Sweden | 60.57 | 2023 | -0.061% | -0.33% | View data |
| 10 | 10 Denmark | 58.86 | 2023 | +0.016% | +0.23% | View data |
