In 2023, global R&D capital costs saw varied trends across countries. Japan, Germany, and South Korea led in R&D expenditures, with Japan at USD 19.78 billion PPP, followed by Germany and South Korea. Belgium and Slovakia experienced significant growth, increasing by 5.37% and 14.01% respectively, while countries like Argentina and Chile saw substantial declines. Average annual growth (CAGR) over the last five years showed a robust upward trend in many nations, indicating strengthening R&D investment, although some like France and UK saw minimal or negative growth over this period.
Future trends to watch in global R&D capital costs include:
- Continued strong growth in Asian countries like South Korea and Japan, driven by technological advancements and innovation investment.
- Potential recovery of R&D investment in countries experiencing declines, dependent on economic recovery and policy interventions.
- Increased focus on sustainable and tech-driven research areas may reshape investment directions.
Top countries in R&D Capital Costs by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 19,780 | 2023 | +1.18% | +1.6% | View data |
| 2 | 2 Germany | 11,940 | 2023 | +1.63% | +2.02% | View data |
| 3 | 3 South Korea | 10,360 | 2023 | +2.97% | +4.15% | View data |
| 4 | 4 France | 6,580 | 2023 | +0.5% | -0.66% | View data |
| 5 | 5 Taiwan | 4,660 | 2023 | +2.33% | +3.57% | View data |
| 6 | 6 United Kingdom | 4,370 | 2023 | -3.6% | -4.13% | View data |
| 7 | 7 Italy | 3,220 | 2023 | +1.35% | +0.31% | View data |
| 8 | 8 Belgium | 1,930 | 2023 | +3.43% | +5.37% | View data |
| 9 | 9 Sweden | 1,140 | 2023 | +2.63% | +3.76% | View data |
| 10 | 10 Spain | 1,140 | 2023 | -5.15% | -4.18% | View data |
