In 2023, Israel leads global business enterprise expenditure on R&D in services, showcasing minimal growth of 1.83%. Slovakia saw a significant 23.24% increase, highlighting its growing R&D investment. Iceland, Romania, and New Zealand also showed steady growth, with minimal increments. Conversely, Estonia and Chile experienced declines in expenditure, notably impacting their R&D landscape.
Countries like South Korea exhibited significant growth of 6.14%, while Taiwan decreased by 2.01%. The United States showed a modest increase, maintaining a pivotal role in global R&D. Finland, Canada, and Belgium displayed positive growth momentum, reflecting their enhanced focus on service-oriented R&D.
Future Trends to Watch:
- Increasing R&D investment in emerging economies like Slovakia, boosting global rankings.
- Potential growth surge in countries with current declines, such as Chile and Taiwan, as they recalibrate their R&D strategies.
- Continuous growth from leading services R&D investors like Israel, potentially influencing global technological advancements.
- Enhanced collaboration and innovation across countries to fuel service-sector R&D growth.
Top countries in Business Enterprise Expenditure on R&D Performed in Total Services by Country
| # | 10 Countries | Percent of Total BERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 86.75 | 2023 | +1.33% | +1.83% | View data |
| 2 | 2 Slovakia | 85.15 | 2023 | +11.29% | +23.24% | View data |
| 3 | 3 Iceland | 77.53 | 2023 | +0.78% | +2.27% | View data |
| 4 | 4 Romania | 73.15 | 2023 | +5.25% | +2.4% | View data |
| 5 | 5 New Zealand | 71.19 | 2023 | +1.45% | +2.36% | View data |
| 6 | 6 Australia | 69.45 | 2023 | +1.86% | +2.07% | View data |
| 7 | 7 Canada | 68.8 | 2023 | +1.61% | +2.8% | View data |
| 8 | 8 Lithuania | 65.34 | 2023 | +0.17% | +3.16% | View data |
| 9 | 9 Norway | 65.34 | 2023 | +1.1% | +1.51% | View data |
| 10 | 10 Estonia | 64.45 | 2023 | +0.41% | -0.3% | View data |
