In 2023, Canada led the group with a foreign-financed R&D expenditure of 3.29 billion USD, followed closely by the Czech Republic with 3.15 billion USD and Austria at 3.13 billion USD. China's expenditure was similar to Austria's. Both Russia and Iceland showed negative trends, with Russia experiencing a significant decline of 2.12% from the previous year and Iceland declining by 5.27%. Mexico's expenditure was relatively low at 0.053 billion USD and showed a declining trend compared to 2023.
The compound annual growth rate over the past five years reflects growth in R&D investment from abroad for countries like Canada and Czech Republic, suggesting strategic attractiveness for international R&D activities. Future trends indicate an increasing emphasis on digital transformation and technological advancements, driving higher foreign investment in R&D, particularly in countries with stable economic and innovative ecosystems such as Canada, Czech Republic, and Austria. Watching how geopolitical tensions and policy shifts might affect this financing will be key.
Top countries in Gross Domestic Expenditure on R&D Financed from Abroad by Country
| # | 7 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 3,180 | 2023 | +2.3% | +3.29% | View data |
| 2 | 2 Czech Republic | 3,080 | 2023 | +4.27% | +3.15% | View data |
| 3 | 3 Austria | 2,910 | 2023 | +2.72% | +3.13% | View data |
| 4 | 4 China | 2,350 | 2023 | -0.34% | +3.13% | View data |
| 5 | 5 Russia | 876.09 | 2023 | -2.67% | -2.12% | View data |
| 6 | 6 Iceland | 100.03 | 2023 | +3.13% | +5.27% | View data |
| 7 | 7 Mexico | 73.61 | 2023 | +0.71% | +0.053% | View data |
