The United States leads global business enterprise R&D expenditure financed by government at $33.17 billion, followed by China and Russia with significant investments. Notable growth rates in 2023 include Greece's nearly 30%, Slovakia's 20%, and Cyprus's over 50%, highlighting a focus shift towards Eastern Europe and select smaller economies. Established economies like Japan and Germany have modest growth, contrasting with declines in countries like Italy and Ukraine.
Future trends suggest increased investment focus on technology and sustainability sectors, with Asian and Eastern European countries expected to see accelerated government financing to foster digital transformation and green initiatives.
Top countries in Business Enterprise Expenditure on R&D Financed by Government by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 33,170 | 2023 | +1.7% | +5.56% | View data |
| 2 | 2 China | 16,800 | 2023 | +8.35% | +7.66% | View data |
| 3 | 3 Russia | 16,710 | 2023 | +2.36% | +4.81% | View data |
| 4 | 4 South Korea | 6,940 | 2023 | +12.9% | +14.64% | View data |
| 5 | 5 United Kingdom | 4,910 | 2021 | +7.94% | View data | |
| 6 | 6 France | 4,770 | 2023 | +1.15% | +7.31% | View data |
| 7 | 7 Germany | 3,460 | 2023 | +0.58% | +2.66% | View data |
| 8 | 8 Poland | 1,870 | 2023 | +4.7% | +7.32% | View data |
| 9 | 9 Spain | 1,350 | 2023 | -0.17% | +2.24% | View data |
| 10 | 10 Japan | 1,330 | 2023 | +1.57% | +3.62% | View data |
