The United States leads in global R&D budget allocation for planet and infrastructure projects for 2023, followed closely by Japan and Germany. Japan saw a significant year-on-year increase of 9.44% in the last year, indicating a strong emphasis on R&D growth. Italy also showed a robust increase of 10.43%. While Mexico and Poland experienced declines in their budgets, Hungary and Iceland showed the most remarkable year-on-year growth, with 17.54% and 14.4%, respectively. Finland and Malta also demonstrated significant increases, indicating a growing focus on infrastructure and planet-centered R&D in these regions.
Future trends to watch involve the increasing emphasis on sustainable infrastructure and green technology, likely spurring higher investments in R&D budgets globally. Countries with strong technological bases, such as South Korea and Israel, may pivot towards emerging areas such as renewable energy and smart infrastructure solutions, thus altering the landscape of R&D investment priorities. Additionally, geopolitical shifts and economic recoveries could further influence R&D resource allocation, impacting participation levels across different countries.
Top countries in R&D Budget for Planet and Infrastructure Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 26.69 | 2023 | -1.13% | +2.67% | View data |
| 2 | 2 Japan | 25.53 | 2023 | +6.45% | +9.44% | View data |
| 3 | 3 Germany | 11.62 | 2023 | +3.82% | +5.74% | View data |
| 4 | 4 South Korea | 7.2 | 2023 | +3.27% | +6.75% | View data |
| 5 | 5 Italy | 5.94 | 2023 | +6.1% | +10.43% | View data |
| 6 | 6 United Kingdom | 4.64 | 2023 | +2.96% | +3.98% | View data |
| 7 | 7 Spain | 2.99 | 2023 | +1.39% | +0.58% | View data |
| 8 | 8 Taiwan | 2.12 | 2023 | +0.2% | +0.17% | View data |
| 9 | 9 Australia | 1.64 | 2023 | +1.65% | +2.48% | View data |
| 10 | 10 Netherlands | 1.25 | 2023 | -1.65% | +0.14% | View data |
