In 2023, Germany led global R&D expenditure in architectural and engineering activities, with a value of 2.34 billion USD PPP. Noteworthy year-on-year changes were seen in Portugal, which posted a significant increase of 20.31%, and Latvia, with a 16.15% rise. Conversely, Germany and Hungary faced declines of 5.91%, and 6.53%, respectively, indicating a shifting landscape in R&D investments. The five-year CAGR suggests Germany's position though leading, might continue to face challenges. Other countries like South Korea and Spain reveal promising growth.
Looking forward, investment dynamics emphasize the increasing shift towards innovation in emerging European markets and persistent growth in Asian regions. Monitoring geopolitical influences and technology's role in dictating countries' focus areas will be crucial. Countries like Portugal may continue to rise due to their aggressive investment strategies. The global trend points towards diversified R&D investments to stay competitive and adaptive to timeless challenges.
Top countries in Business Enterprise R&D Expenditure in Architectural and Engineering Activities; Technical Testing and Analysis by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,340 | 2023 | -5.7% | -5.91% | View data |
| 2 | 2 South Korea | 1,140 | 2023 | +4.54% | +5.26% | View data |
| 3 | 3 Spain | 925.73 | 2023 | +2.04% | +4.78% | View data |
| 4 | 4 Romania | 621.39 | 2023 | +0.62% | -2.97% | View data |
| 5 | 5 Czech Republic | 303.19 | 2023 | +7.39% | +4.34% | View data |
| 6 | 6 Norway | 301.71 | 2023 | -0.049% | +0.58% | View data |
| 7 | 7 Poland | 281.36 | 2023 | +2.25% | +3.98% | View data |
| 8 | 8 Taiwan | 261.28 | 2023 | +1.13% | +1.54% | View data |
| 9 | 9 Portugal | 225.91 | 2023 | +14.74% | +20.31% | View data |
| 10 | 10 New Zealand | 173.03 | 2023 | +12.34% | View data |
