In 2023, Germany led in government R&D expenditure in natural sciences and engineering with notable growth of 3.12%. South Korea and Singapore showed strong annual gains of 3.64% and 5.22%, respectively, signaling an upward trajectory in science investments. Contrarily, Russia showed a slight decline, while Canada's investment slightly decreased. Mexico experienced a significant drop of 8.06% in its spending. Over the last five years, the average annual growth rate (CAGR) has underscored robust investment in Asian regions, particularly emphasizing South Korea and Singapore's increasing focus on innovation.
Future trends to watch include Asia's continued rise in government R&D expenditure, driven by policy initiatives aimed at bolstering scientific innovation. Europe may see varied investments, with potential increases in Germany and the UK, while countries with declining trends may invest in initiatives to stabilize or expand their R&D efforts.
Top countries in Government Expenditure on R&D in Natural Sciences and Engineering Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.24 | 2023 | +2.15% | +3.12% | View data |
| 2 | 2 Japan | 18.07 | 2023 | +1.13% | +1.82% | View data |
| 3 | 3 Russia | 14.39 | 2023 | +0.92% | -0.96% | View data |
| 4 | 4 South Korea | 13.23 | 2023 | +3.14% | +3.64% | View data |
| 5 | 5 Taiwan | 5.4 | 2023 | +0.96% | +1.44% | View data |
| 6 | 6 Italy | 5.18 | 2023 | +1.07% | +2.46% | View data |
| 7 | 7 Spain | 4.95 | 2023 | +2.04% | +2.87% | View data |
| 8 | 8 Canada | 2.4 | 2023 | -0.32% | -0.3% | View data |
| 9 | 9 United Kingdom | 2.37 | 2023 | -2.21% | +2.05% | View data |
| 10 | 10 Singapore | 1.82 | 2023 | +2.79% | +5.22% | View data |
