The United Kingdom led R&D expenditure in Public Administration and Defense; Compulsory Social Security and Education with $386.58 million, significantly outpacing other countries. Among Asian countries, South Korea showed a substantial increase, exhibiting a 13.64% year-on-year growth, highlighting its ongoing investments in these sectors.
European countries like Lithuania and Hungary experienced notable growth rates of 14.72% and 17.91% respectively. However, Spain and Slovenia saw a decline in R&D spending, with decreases of 4.18% and 4.78% respectively. These variations indicate differing priorities and economic circumstances impacting R&D investments across the globe.
Looking forward, expect further investment in R&D across Asia and Eastern Europe as countries prioritize technological advancement and social infrastructure improvements. Monitoring how geopolitical factors and economic policies influence these expenditures will be crucial for future trends.
Top countries in Business Enterprise R&D Expenditure in Public Administration and Defence; Compulsory Social Security and Education by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 386.58 | 2021 | -26.16% | View data | |
| 2 | 2 South Korea | 105.82 | 2023 | +21.82% | +13.64% | View data |
| 3 | 3 Italy | 14.84 | 2023 | +4.02% | +3.37% | View data |
| 4 | 4 Czech Republic | 14.41 | 2023 | +6.26% | +5.33% | View data |
| 5 | 5 Spain | 10.63 | 2023 | -5.8% | -4.18% | View data |
| 6 | 6 Poland | 9.05 | 2023 | +6.27% | +10.06% | View data |
| 7 | 7 Lithuania | 4.87 | 2023 | +6.52% | +14.72% | View data |
| 8 | 8 Hungary | 3.68 | 2023 | +2.17% | +17.91% | View data |
| 9 | 9 Taiwan | 2.84 | 2023 | +4.91% | +4.46% | View data |
| 10 | 10 Portugal | 2.23 | 2023 | +0.18% | +6.38% | View data |
