The United States leads global government R&D allocations with a significant margin, followed by South Korea and the United Kingdom. 2023 saw modest increases in overall allocations, with Norway and Luxembourg displaying notable gains among the top countries. Italy, Spain, and Finland showed decreases, highlighting a need for potential strategic redirection. Year-on-year data indicate shifting priorities, as countries like South Korea, Czech Republic, and Austria exhibit strong upward trends, contrasted by declines in Italy, Portugal, and Slovenia. Over five years, allocations generally showed moderate growth, aligning with global policy shifts focusing on innovation and sustainability.
Future trends to watch include increasing allocations towards digital innovation, green technologies, and health research, driven by global challenges and economic transformations. Nations might focus on maximizing R&D returns, bridging the gap between research and commercialization to drive economic growth.
Top countries in Government Budget Allocations for R&D in the General Advancement of Knowledge by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 142,500 | 2023 | +0.99% | +0.79% | View data |
| 2 | 2 South Korea | 24,770 | 2023 | +2.02% | +2.41% | View data |
| 3 | 3 United Kingdom | 16,710 | 2023 | +0.86% | +0.37% | View data |
| 4 | 4 Italy | 11,120 | 2023 | -1.05% | -1.3% | View data |
| 5 | 5 Spain | 8,900 | 2023 | -0.37% | -0.6% | View data |
| 6 | 6 Netherlands | 6,750 | 2023 | +0.85% | +0.57% | View data |
| 7 | 7 Mexico | 4,960 | 2023 | -0.57% | -0.94% | View data |
| 8 | 8 Australia | 4,650 | 2023 | +0.19% | +0.39% | View data |
| 9 | 9 Sweden | 4,030 | 2023 | +0.82% | +0.21% | View data |
| 10 | 10 Austria | 3,820 | 2023 | +1.34% | +1.85% | View data |
