In 2023, Germany lead with its high expenditure in R&D financed by the higher education and private non-profit sectors, followed by the United States and France. Remarkably, countries like Singapore and Slovakia experienced significant year-over-year growth, with Singapore showing an impressive 29.75% increase and Slovakia at 22.49%. Conversely, Denmark and Luxembourg saw declines. Over a five-year period, significant CAGR growth is noted in emerging countries, with Hungary and Lithuania leading with 56.77% and 52.3%, respectively.
Future trends to monitor will include sustained growth in technological hubs such as Singapore, alongside emerging Eastern European nations like Hungary and Lithuania. Established economies may stabilize but remain foundational to global R&D investment.
Top countries in Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.42 | 2023 | +1.45% | +0.2% | View data |
| 2 | 2 United States | 12.58 | 2023 | +1.95% | +1.07% | View data |
| 3 | 3 France | 9.15 | 2023 | +2.07% | -1.09% | View data |
| 4 | 4 United Kingdom | 9.01 | 2023 | -0.36% | +2.62% | View data |
| 5 | 5 Japan | 8.1 | 2023 | +1.34% | +2.42% | View data |
| 6 | 6 Italy | 7.81 | 2023 | +0.25% | +0.22% | View data |
| 7 | 7 Australia | 7.09 | 2023 | +1.35% | +2.75% | View data |
| 8 | 8 South Korea | 5.75 | 2023 | +3.94% | +4.44% | View data |
| 9 | 9 Denmark | 2.09 | 2023 | +0.084% | -4.03% | View data |
| 10 | 10 Netherlands | 2 | 2023 | +0.1% | +7.79% | View data |
