The analysis of global business enterprise expenditure on R&D in high and medium-high R&D intensive industries reveals distinct country-specific trends. Taiwan leads with the highest expenditure at 86.87%, followed by South Korea and Germany, though both show declines over the past year by 0.63% and 0.6% respectively. The United States, while significantly investing, saw a reduction of 1.55%. Canada's expenditure decreased notably by 7.39%, indicating a shift in focus or restructuring challenges. Greece stands out for an 8.77% increase, showing robust growth in high-intensity R&D sectors. Romania also experienced a notable rise by 2.58%, the second highest after Greece.
Future trends to watch include potential revitalization of established economies like Germany and Japan with targeted R&D policies. Emerging markets may continue to show positive changes, as seen in Greece and Romania. Focus remains on technological advancements and an increase in cutting-edge industry funding, driving global R&D forward, necessitating close tracking of geopolitical and economic factors affecting these trends.
Top countries in Business Enterprise Expenditure on R&D Performed in High and Medium-High R&D Intensive Industries by Country
| # | 10 Countries | Percent of Total BERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Taiwan | 86.87 | 2023 | +0.0096% | +0.34% | View data |
| 2 | 2 South Korea | 78.35 | 2023 | +0.071% | -0.63% | View data |
| 3 | 3 Germany | 76.29 | 2023 | -0.19% | -0.6% | View data |
| 4 | 4 Japan | 75.63 | 2023 | -0.055% | +0.19% | View data |
| 5 | 5 Slovakia | 55.04 | 2023 | +7.02% | -0.3% | View data |
| 6 | 6 Austria | 53.8 | 2023 | +0.17% | +0.17% | View data |
| 7 | 7 United States | 49.93 | 2023 | -0.028% | -1.55% | View data |
| 8 | 8 Italy | 49.3 | 2023 | -1.19% | -0.24% | View data |
| 9 | 9 Mexico | 46.27 | 2023 | +0.86% | +0.81% | View data |
| 10 | 10 Denmark | 43.64 | 2023 | +0.075% | +0.5% | View data |
