The analysis of the global total intramural expenditure on R&D in engineering and technology shows that in 2023, South Korea leads with $95.18 billion, followed by Taiwan at $56.36 billion, and Russia at $36.12 billion. Despite smaller absolute figures, Latvia registered a 14.11% year-on-year increase, the highest among the listed countries. Taiwan and Portugal also demonstrated notable growth, with 12.02% and 10.43% respectively. The average annual growth rate over the past five years highlights Latvia’s expansion in R&D investment, indicating a robust upward trend.
Future trends to watch include the potential for increased expenditure in emerging economies and the digital transformation across industries, driving higher R&D allocations in advanced technologies. Additionally, political stability and economic policies will heavily influence future R&D funding distributions globally.
Top countries in Total Intramural Expenditure on R&D in Engineering and Technology by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 95,180 | 2023 | +5.44% | +5.37% | View data |
| 2 | 2 Taiwan | 56,360 | 2023 | +11.4% | +12.02% | View data |
| 3 | 3 Russia | 36,120 | 2023 | +2.37% | +3.65% | View data |
| 4 | 4 Poland | 11,330 | 2023 | +6.53% | +7.59% | View data |
| 5 | 5 Singapore | 7,950 | 2023 | +3.06% | +4.53% | View data |
| 6 | 6 Czech Republic | 4,770 | 2023 | +3.43% | +2.57% | View data |
| 7 | 7 Hungary | 4,130 | 2023 | +6.33% | +7.79% | View data |
| 8 | 8 Portugal | 3,460 | 2023 | +7.82% | +10.43% | View data |
| 9 | 9 Romania | 2,540 | 2023 | +4.76% | +4.22% | View data |
| 10 | 10 Slovakia | 983.64 | 2023 | +2.45% | +3.23% | View data |
