In 2023, Germany leads in government expenditure on R&D in natural sciences and engineering, with notable year-on-year growth of 5.8%. Japan and South Korea follow, showing positive growth trends at 2.7% and 4.71% respectively. While Germany, Italy, and the UK demonstrated high growth rates, Mexico saw a significant decline of 5.63%. The previous five-year CAGR suggests that while larger economies continued increasing investment in R&D, some smaller nations experienced modest growth or decline.
Looking forward, the global focus on technological advancement and sustainability is expected to drive an increase in R&D expenditure. Countries investing heavily in renewable energy and emerging technologies are likely to experience significant growth in this sector. Government policies encouraging public-private partnerships and international collaborations may further influence these trends.
Top countries in Government Expenditure on R&D in Natural Sciences and Engineering Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.95 | 2023 | +5.15% | +5.8% | View data |
| 2 | 2 Japan | 16.09 | 2023 | +1.46% | +2.7% | View data |
| 3 | 3 Russia | 14.97 | 2023 | +2.19% | +0.29% | View data |
| 4 | 4 South Korea | 12.49 | 2023 | +4.05% | +4.71% | View data |
| 5 | 5 Italy | 5.68 | 2023 | +4.12% | +5.32% | View data |
| 6 | 6 Taiwan | 5.08 | 2023 | +2.17% | +3.3% | View data |
| 7 | 7 Spain | 5.03 | 2023 | +3% | +4.48% | View data |
| 8 | 8 United Kingdom | 2.52 | 2023 | +0.99% | +5.37% | View data |
| 9 | 9 Canada | 2.38 | 2023 | +1.07% | +1.24% | View data |
| 10 | 10 Singapore | 1.69 | 2023 | +3.07% | +5.99% | View data |
