The 2023 data highlights Germany as the leading contributor to Global Business Enterprise R&D Expenditure in Agriculture, Forestry, and Fishing, with a significant figure of $337.14 million. Germany's expenditure grew by 7.64% from the previous year. Sharply contrasting, Estonia recorded the lowest expenditure at $0.56 million. Notably, Poland and Portugal exhibited substantial year-on-year increases of 16.35% and 29.48%, respectively. Conversely, South Korea and Slovakia saw declines in their expenditures, reflecting a -2.86% and -2.14% change. Over the past five years, the growth rates underscore varying levels of investment focus within these countries.
Looking ahead, several trends could shape Global R&D Expenditure in this sector. Key areas to watch include the impact of sustainability initiatives, advancements in technology, such as precision agriculture and biotechnology, and the ongoing emphasis on climate change resilience. Additionally, emerging markets may increasingly invest in R&D to boost productivity and innovation, aligning with global food security goals.
Top countries in Business Enterprise R&D Expenditure in Agriculture Forestry and Fishing by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 337.14 | 2023 | +4.16% | +7.64% | View data |
| 2 | 2 Spain | 154.86 | 2023 | +2.26% | +0.8% | View data |
| 3 | 3 Norway | 141.21 | 2023 | +9.65% | +2.51% | View data |
| 4 | 4 United Kingdom | 104.41 | 2021 | +72.69% | View data | |
| 5 | 5 Poland | 84.85 | 2023 | +29.28% | +16.35% | View data |
| 6 | 6 South Korea | 84.45 | 2023 | +5.15% | -2.86% | View data |
| 7 | 7 Hungary | 72.48 | 2023 | +12.79% | +4.75% | View data |
| 8 | 8 Portugal | 67.29 | 2023 | +15.88% | +29.48% | View data |
| 9 | 9 Chile | 64.73 | 2023 | +0.52% | +1.43% | View data |
| 10 | 10 New Zealand | 58.65 | 2023 | +0.3% | -0.63% | View data |
