In 2023, South Korea emerged as the leader in Global Private Non-Profit Expenditure on R&D in Natural Sciences and Engineering with a significant 13.76% year-on-year growth. Japan and Italy followed, with moderate increases of 0.38% and 3.93%, respectively. Noteworthy gains were also observed in Russia and Portugal, which both saw around 12% growth. Conversely, Canada experienced a slight decline, while Chile and Slovakia faced notable reductions in their expenditures.
Looking ahead, the focus will likely be on South Korea's continued dominance and whether emerging regions like Russia and Portugal can maintain their upward trajectory. Additionally, the impact of economic changes and global collaboration on these expenditures will be crucial in shaping the future landscape.
Top countries in Private Non-Profit 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 South Korea | 40.29 | 2023 | +7.05% | +13.76% | View data |
| 2 | 2 Japan | 35.88 | 2023 | +2.14% | +0.38% | View data |
| 3 | 3 Italy | 8.96 | 2023 | -0.87% | +3.93% | View data |
| 4 | 4 Russia | 2.76 | 2023 | +4.46% | +12.44% | View data |
| 5 | 5 Portugal | 2.11 | 2023 | +1.74% | +12.43% | View data |
| 6 | 6 Canada | 1.67 | 2023 | +0.0031% | -2.11% | View data |
| 7 | 7 Mexico | 1.51 | 2023 | +0.062% | +6.22% | View data |
| 8 | 8 Spain | 1.28 | 2023 | +1.49% | +6.4% | View data |
| 9 | 9 Taiwan | 0.88 | 2023 | -0.82% | +1.47% | View data |
| 10 | 10 Chile | 0.67 | 2023 | -19.39% | -14.32% | View data |
