In 2023, China led the pack with industry-financed government R&D expenditure of 4.19 billion USD PPP. Japan, South Korea, and the United States followed, contributing significantly less at 0.43, 0.32, and 0.22 billion USD, respectively. Mexico, the Czech Republic, Greece, Slovakia, and Iceland, although participating, represented smaller figures in the global scale. Year-on-year, China had a 3.52% increase, Japan 3.28%, and the United States 3.06%. Notably, the Czech Republic, Slovakia, and Iceland experienced decreases, impacting their respective CAGRs negatively over five years.
Future trends to monitor include the potential for increased global collaboration, policy shifts enhancing industry-government partnerships, and emergent economies boosting their R&D investment. Additionally, technological advancements and sustainable development goals could drive strategic reallocation of industry-financed R&D expenditure across countries.
Top countries in Government Expenditure on R&D Financed by Industry by Country
| # | 9 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 4,190 | 2023 | +3.22% | +3.52% | View data |
| 2 | 2 Japan | 430.81 | 2023 | +2.99% | +3.28% | View data |
| 3 | 3 South Korea | 319.2 | 2023 | +1.4% | +1.78% | View data |
| 4 | 4 United States | 220.48 | 2023 | +2.44% | +3.06% | View data |
| 5 | 5 Mexico | 66.46 | 2023 | +0.84% | +1.61% | View data |
| 6 | 6 Czech Republic | 43.13 | 2023 | -1.08% | -1.98% | View data |
| 7 | 7 Greece | 28.5 | 2023 | -0.62% | +1.67% | View data |
| 8 | 8 Slovakia | 10.16 | 2023 | -13.23% | -4.94% | View data |
| 9 | 9 Iceland | 1.61 | 2023 | -10.43% | -14.19% | View data |
