The global gross domestic expenditure on R&D financed by the business enterprise sector shows significant variance across countries. In 2023, South Korea leads with the highest R&D expenditure at 3.97% of GDP, followed by Taiwan and Japan. The United States also displays notable investment levels. Year-on-year variations reveal strong growth in countries like Taiwan, Israel, and Cyprus, while some, including Germany and Romania, decline. Over five years, average growth rates highlight resilience in countries like Israel and Portugal, with consistent increases in R&D investments. However, countries like Bulgaria and Luxembourg see contraction.
Future trends to watch include further expansion in countries with robust tech sectors like South Korea and Taiwan. There's potential for R&D intensification in emerging economies as they seek competitive advantages. Monitoring geopolitical impacts and economic conditions is crucial, as they will shape the trajectory of R&D investments globally.
Top countries in Gross Domestic Expenditure on R&D Financed by the Business Enterprise Sector by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.97 | 2023 | +2.8% | +2.78% | View data |
| 2 | 2 Taiwan | 3.52 | 2023 | +5.16% | +5.49% | View data |
| 3 | 3 Japan | 2.58 | 2023 | +0.18% | +0.29% | View data |
| 4 | 4 United States | 2.46 | 2023 | +2.14% | +5.01% | View data |
| 5 | 5 Belgium | 2.42 | 2023 | +4.43% | +5.35% | View data |
| 6 | 6 Israel | 2.41 | 2023 | +1.81% | +6.36% | View data |
| 7 | 7 China | 2.02 | 2023 | +3% | +4.22% | View data |
| 8 | 8 Germany | 1.92 | 2023 | -0.9% | -1.33% | View data |
| 9 | 9 Finland | 1.87 | 2023 | +3.26% | +3.94% | View data |
| 10 | 10 Austria | 1.78 | 2023 | +1.96% | +1.66% | View data |
