Analysis of R&D expenditure reveals a significant focus on high and medium-high intensity industries, particularly in South Korea and Taiwan, which lead globally with expenditure as a percentage of GDP. South Korea's minor increase and Taiwan's substantial growth point to a continued strong emphasis on innovation. Conversely, Germany and the United States show moderate investments, with Germany experiencing a slight decline. Other countries like China and Italy have shown growth, reflecting expanding commitments to research.
Future trends to watch include:
- Further growth potential in Asian markets, particularly Taiwan and China.
- Global shifts as economies like Greece and Estonia demonstrate significant increases, indicating emerging R&D hubs.
- Potential challenges in traditional R&D strongholds experiencing stagnation or decline, such as Sweden and Canada.
- Impacts of geopolitical changes and economic policies on research investments.
Top countries in Business Enterprise Expenditure on R&D Performed in High and Medium-High R&D Intensive Industries by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.18 | 2023 | +2.13% | +1.65% | View data |
| 2 | 2 Taiwan | 3.13 | 2023 | +6.12% | +6.37% | View data |
| 3 | 3 Japan | 1.95 | 2023 | +0.43% | +0.31% | View data |
| 4 | 4 Germany | 1.6 | 2023 | +0.25% | -1.03% | View data |
| 5 | 5 United States | 1.3 | 2023 | -0.0031% | +1.79% | View data |
| 6 | 6 Austria | 1.25 | 2023 | +1.46% | +1.66% | View data |
| 7 | 7 China | 1.07 | 2023 | +1.79% | +2.77% | View data |
| 8 | 8 Belgium | 1.02 | 2023 | +1.66% | +2.13% | View data |
| 9 | 9 Sweden | 0.96 | 2023 | -2.31% | -1.84% | View data |
| 10 | 10 Denmark | 0.79 | 2023 | -0.5% | -0.3% | View data |
