The 2024 forecast demonstrates Germany and Japan leading global R&D expenditure in natural sciences and engineering with $17.5 and $14.22 billion PPP, respectively. South Korea and Taiwan make notable gains, while Russia faces a slight decline. Moderate growth rates characterize Italy and Spain, although significant cutbacks occur in Canada and Mexico. While the UK shows potential, Singapore experiences a robust 5.22% annual increase. Smaller European nations display mixed trends, with Finland, Norway, and Iceland facing reductions.
In the coming years, expect Asia to strengthen its R&D foothold, driven by increased investments in technology-driven sectors. Emerging economies might ramp up spending, aligning with global digital and green transitions. Watch for policy changes impacting funding levels in Europe and potential shifts due to geopolitical factors.
Top countries in Government Expenditure on R&D in Natural Sciences and Engineering by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17,500 | 2023 | +2.15% | +3.12% | View data |
| 2 | 2 Japan | 14,220 | 2023 | +1.13% | +1.82% | View data |
| 3 | 3 Russia | 11,320 | 2023 | +0.92% | -0.96% | View data |
| 4 | 4 South Korea | 10,410 | 2023 | +3.14% | +3.64% | View data |
| 5 | 5 Taiwan | 4,250 | 2023 | +0.96% | +1.44% | View data |
| 6 | 6 Italy | 4,080 | 2023 | +1.07% | +2.46% | View data |
| 7 | 7 Spain | 3,890 | 2023 | +2.04% | +2.87% | View data |
| 8 | 8 Canada | 1,890 | 2023 | -0.32% | -0.3% | View data |
| 9 | 9 United Kingdom | 1,860 | 2023 | -2.21% | +2.05% | View data |
| 10 | 10 Singapore | 1,430 | 2023 | +2.79% | +5.22% | View data |
