In 2023, Israel leads the R&D expenditure in information and communication services relative to GDP, significantly ahead of other countries like the United States and Sweden. Notably, Poland and Latvia showed remarkable year-on-year growth rates, with Slovakia experiencing the highest surge. Despite an overall positive trend, Denmark saw a slight decline.
Looking forward, global trends indicate a shift towards increased investment in R&D within information and communication services, driven by the digital transformation and technological disruptions. Key regions such as Europe and North America are expected to see further expansion as businesses capitalize on emerging technologies and innovative solutions.
Top countries in Business Enterprise Expenditure on R&D Performed in Information and Communication Services by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 2.89 | 2023 | +2.54% | +10.53% | View data |
| 2 | 2 United States | 0.95 | 2023 | +9.33% | +11.45% | View data |
| 3 | 3 Sweden | 0.73 | 2023 | +5.03% | +6.57% | View data |
| 4 | 4 Iceland | 0.5 | 2023 | +4.3% | +7.93% | View data |
| 5 | 5 Canada | 0.39 | 2023 | +2.42% | +5.32% | View data |
| 6 | 6 Estonia | 0.37 | 2023 | +2.91% | +7.78% | View data |
| 7 | 7 Belgium | 0.36 | 2023 | +4.18% | +7.28% | View data |
| 8 | 8 Poland | 0.33 | 2023 | +10.49% | +14.14% | View data |
| 9 | 9 New Zealand | 0.32 | 2023 | -1.58% | +2.67% | View data |
| 10 | 10 Czech Republic | 0.31 | 2023 | +5.53% | +5.71% | View data |
