The 2023 data highlights that Israel led in global business enterprise expenditure on R&D performed in services, followed by Germany and Canada. Notable year-on-year growth occurred across Poland, South Korea, and Slovakia, with significant investment increases in service-related R&D, indicating strong market dynamism. Meanwhile, countries such as Luxembourg and Switzerland showed modest changes, suggesting stabilized R&D spending patterns. The calculated CAGR over the past five years underscores the sustained growth in this sector, with a clear focus on service innovations.
Future trends to watch include:
- Growing emphasis on AI and digital technologies across countries leading to increased R&D investments in related services.
- Shifts in geopolitical climates influencing R&D expenditure distribution, particularly in technology-driven nations.
- Potential rise in collaborative R&D ventures across borders, driven by globalization and common industry challenges.
Top countries in Business Enterprise Expenditure on R&D Performed in Services Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 18.62 | 2023 | +8.36% | +11.82% | View data |
| 2 | 2 Germany | 15.95 | 2023 | +4.5% | +5.35% | View data |
| 3 | 3 Canada | 13.02 | 2023 | +6.13% | +7.02% | View data |
| 4 | 4 South Korea | 12.97 | 2023 | +11.09% | +14.71% | View data |
| 5 | 5 Poland | 8.53 | 2023 | +9.49% | +12.37% | View data |
| 6 | 6 Sweden | 6.9 | 2023 | +4.02% | +5.47% | View data |
| 7 | 7 Switzerland | 4.27 | 2023 | +2.97% | +4.56% | View data |
| 8 | 8 Austria | 3.79 | 2023 | +2.77% | +3.8% | View data |
| 9 | 9 Taiwan | 3.51 | 2023 | +6.99% | +8.11% | View data |
| 10 | 10 Denmark | 2.95 | 2023 | +4.74% | +2.79% | View data |
