The analysis of Global Total Government Support For R&D (GBARD and Tax Credits) by country in 2024 highlights Japan as the leader with the highest expenditure, followed closely by the United States. Germany and South Korea rank third and fourth respectively, with substantial support above their European counterparts.
Year-on-year variations show significant increases in Japan with a 28.9% rise, reflecting a strategic boost in R&D investment, while South Korea, Poland, and Cyprus also demonstrate marked growth. Conversely, Mexico and Colombia experience reductions in their government support.
Looking ahead, countries are expected to focus on enhancing R&D investment efficiency, fostering innovation ecosystems, and adapting to emerging technologies. The ongoing trend of increased government support in tech-centric nations like Japan and South Korea is anticipated to continue, potentially reshaping global R&D dynamics.
Top countries in Total Government Support For R&D (GBARD and Tax Credits) by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 184,850 | 2023 | +19.89% | +28.9% | View data |
| 2 | 2 United States | 171,920 | 2023 | +1.52% | +1.55% | View data |
| 3 | 3 Germany | 43,520 | 2023 | +1.8% | +2.27% | View data |
| 4 | 4 South Korea | 39,760 | 2023 | +9.02% | +9.92% | View data |
| 5 | 5 United Kingdom | 28,950 | 2023 | +3.4% | +3.13% | View data |
| 6 | 6 France | 28,860 | 2023 | +1.42% | +1.28% | View data |
| 7 | 7 Russia | 20,500 | 2023 | +0.2% | +2.19% | View data |
| 8 | 8 Italy | 16,440 | 2023 | +0.3% | -0.19% | View data |
| 9 | 9 Canada | 12,860 | 2023 | +3.43% | +4.05% | View data |
| 10 | 10 Spain | 9,080 | 2023 | -0.9% | -1.18% | View data |
