The 2023 data on global business enterprise expenditure for R&D performed in services shows significant variation among countries. Slovakia leads with the highest value, followed by Iceland and New Zealand. At the lower end, Taiwan, Japan, and South Korea spend the least. The year-on-year variations have been stable at nil, while the compound annual growth rate (CAGR) over five years indicates steady development across these countries, though differences persist.
Future trends to watch include increased digital transformation across service industries, potentially boosting R&D investments. Economic policies and innovation strategies will likely impact how countries prioritize service-related R&D expenditure.
Top countries in Business Enterprise Expenditure on R&D Performed in Services by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Slovakia | 85.15 | 2023 | View data |
| 2 | 2 Iceland | 77.53 | 2023 | View data |
| 3 | 3 New Zealand | 71.19 | 2023 | View data |
| 4 | 4 Australia | 69.45 | 2023 | View data |
| 5 | 5 Estonia | 64.45 | 2023 | View data |
| 6 | 6 Greece | 62.6 | 2023 | View data |
| 7 | 7 Ireland | 60 | 2023 | View data |
| 8 | 8 Poland | 59.47 | 2023 | View data |
| 9 | 9 Sweden | 53.02 | 2023 | View data |
| 10 | 10 Belgium | 49.31 | 2023 | View data |
