Global Business Enterprise R&D Expenditure in Mining and Quarrying showcases considerable differences by country, with China and the United States dominating in terms of overall expenditure. In 2023, China maintained significant growth at 1.28% year-on-year, while the United States posted a robust 10.19% increase. European countries like Portugal showed an impressive 11.68% growth, albeit from a smaller base, while others like Germany and Italy experienced declines. Notably, both Japan and South Korea witnessed sharp drops at -17.87% and -17.56%, respectively, underscoring challenges in their mining sectors.
Future trends indicate a potential shift towards sustainable and technologically advanced mining processes, with increased investment in related R&D areas. Emerging focus on automation and AI technologies could drive growth in countries currently experiencing declines. Monitoring changes in regulatory environments and sustainability pressures will also be crucial in determining future R&D allocation.
Top countries in Business Enterprise R&D Expenditure in Mining and Quarrying by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 7,400 | 2023 | +2.48% | +1.28% | View data |
| 2 | 2 United States | 3,050 | 2023 | +15.54% | +10.19% | View data |
| 3 | 3 United Kingdom | 257.78 | 2021 | +12.65% | View data | |
| 4 | 4 Norway | 189.75 | 2023 | +2.59% | +1.15% | View data |
| 5 | 5 Italy | 91.23 | 2023 | +17.2% | -1.54% | View data |
| 6 | 6 Chile | 29.97 | 2023 | -8.57% | -0.92% | View data |
| 7 | 7 Spain | 28.04 | 2023 | -0.32% | +1.28% | View data |
| 8 | 8 Portugal | 27.16 | 2023 | +10.95% | +11.68% | View data |
| 9 | 9 Germany | 23.2 | 2023 | -0.94% | -4.46% | View data |
| 10 | 10 Romania | 15.7 | 2023 | +6.62% | +3.48% | View data |
