In 2023, Global R&D labor costs for internal R&D personnel exhibit notable regional disparities. Argentina leads with the highest costs in percentage of GERD, moderately higher than Italy and Spain. The UK and South Korea report lower values, with China having the lowest. Year-on-year growth varies, e.g., Latvia shows a 2.04% increase, while Iceland falls by -2.57%. The last five years reveal Argentina's -0.28% decrease, contrasting with China’s significant growth of 2.7%.
Looking ahead, expect rapid expansion in Asian markets like China and stable European trajectories. Monitoring emerging regions for potential cost shifts will be crucial.
Top countries in R&D Labour Costs for Internal R&D Personnel by Country
| # | 10 Countries | Percent of Total GERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 72.32 | 2023 | +0.33% | -0.28% | View data |
| 2 | 2 Italy | 69.47 | 2023 | +0.48% | +0.21% | View data |
| 3 | 3 Spain | 65.2 | 2023 | +0.53% | +0.68% | View data |
| 4 | 4 France | 64.97 | 2023 | +0.51% | +0.53% | View data |
| 5 | 5 Luxembourg | 63.11 | 2023 | +0.33% | +0.41% | View data |
| 6 | 6 Slovenia | 62.84 | 2023 | +0.94% | +1.23% | View data |
| 7 | 7 Norway | 61.1 | 2023 | +0.19% | +0.51% | View data |
| 8 | 8 Lithuania | 58.94 | 2023 | +0.97% | +0.96% | View data |
| 9 | 9 Latvia | 58.21 | 2023 | +0.81% | +2.04% | View data |
| 10 | 10 Czech Republic | 58.02 | 2023 | +1.55% | +2.41% | View data |
