In 2023, Germany had the highest Gross Domestic Expenditure on R&D at 3.33% of GDP, showcasing a robust focus on innovation. The United Kingdom and Canada followed at 1.78% and 1.7% respectively. New Zealand, Poland, and Ireland ranged between 1.48% and 1.17%, indicating moderate investment levels. Lithuania stood at 1.03%, while Latvia (0.66%) and Mexico (0.29%) recorded lower expenditure.
Year-on-year variations revealed a dynamic landscape. Germany saw a 1.32% increase, the UK a 0.6% rise, and Canada a 0.28% growth. New Zealand surged by 1.44%, Poland by 3.79%, and Lithuania by 1.89%. Conversely, Mexico's expenditure dropped by 1.14%, indicating a concerning trend.
Future trends to watch include potential shifts in national R&D strategies driven by economic conditions or policy changes. Regions showing rapid increases, like New Zealand and Poland, may continue to gain momentum. Conversely, countries with declining investments, such as Mexico, could seek to reverse these trends to remain competitive globally. Keep an eye on emerging markets which may ramp up their R&D expenditures to foster innovation-driven growth.
Top countries in Total Gross Domestic Expenditure on R&D by Country
| # | 9 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3.33 | 2023 | +1.14% | +1.32% | View data |
| 2 | 2 United Kingdom | 1.78 | 2023 | +0.51% | +0.6% | View data |
| 3 | 3 Canada | 1.7 | 2023 | +0.09% | +0.28% | View data |
| 4 | 4 New Zealand | 1.48 | 2023 | +1.28% | +1.44% | View data |
| 5 | 5 Poland | 1.46 | 2023 | +2.95% | +3.79% | View data |
| 6 | 6 Ireland | 1.17 | 2023 | -0.85% | +0.0092% | View data |
| 7 | 7 Lithuania | 1.03 | 2023 | +1.21% | +1.89% | View data |
| 8 | 8 Latvia | 0.66 | 2023 | +1.08% | +0.62% | View data |
| 9 | 9 Mexico | 0.29 | 2023 | -0.93% | -1.14% | View data |
