In 2024, South Korea leads global business-financed R&D expenditure with 5.78% of industry value added, showing a substantial increase of 3.34% from 2023. Israel follows at 4.04%, with a notable boost of 6.51%. Belgium, the United States, and Japan demonstrate significant R&D investment, marking increases of 5.5%, 4.31%, and 0.59% respectively. Emerging trends in countries like China, with a 4.07% growth, and Poland, with a 5.59% increase, highlight the dynamic shifts in global R&D investment. In contrast, Sweden and Luxembourg experienced slight declines.
Future trends to watch include rising R&D innovation in Asia, particularly China, where persistent growth is expected. Europe may witness shifts in investment dynamics with increased attention to digital and green technologies, potentially altering current expenditure flows. The gap between high and low R&D investing countries may widen unless strategic measures are enacted to foster innovation across emerging economies. As global challenges evolve, competitive pressures and technological advances will continue to drive R&D expenditure patterns globally.
Top countries in Business-Financed Business Enterprise Expenditure on R&D by Country
| # | 10 Countries | Percent of Value Added in Industry | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 5.78 | 2023 | +3.12% | +3.34% | View data |
| 2 | 2 Israel | 4.04 | 2023 | +1.76% | +6.51% | View data |
| 3 | 3 Belgium | 3.77 | 2023 | +4.14% | +5.5% | View data |
| 4 | 4 United States | 3.69 | 2023 | +1.15% | +4.31% | View data |
| 5 | 5 Japan | 3.62 | 2023 | +0.6% | +0.59% | View data |
| 6 | 6 Sweden | 3.24 | 2023 | -0.38% | -0.29% | View data |
| 7 | 7 Switzerland | 3.18 | 2023 | +1.84% | +2.56% | View data |
| 8 | 8 Denmark | 2.88 | 2023 | +0.22% | +0.35% | View data |
| 9 | 9 United Kingdom | 2.72 | 2021 | +1.18% | View data | |
| 10 | 10 Austria | 2.7 | 2023 | +1.98% | +1.4% | View data |
