In 2023, Japan led with the highest governmental R&D support at 3.8% of GDP, showing a significant year-on-year increase of 31.42%. South Korea and Norway followed with 1.4% and 1.33%, respectively, both exhibiting modest growth. The United States and Italy showed minimal increases of 0.1% and 2.77%. While Estonia, Israel, and Mexico posted declines, Cyprus showed robust year-on-year growth at 13.39%. Poland also exhibited strong support growth at 7.27%.
Future trends may include enhanced governmental commitments in countries with nascent R&D sectors, potentially driven by global technological competition and geopolitical shifts impacting innovation policies.
Top countries in Total Government Support For R&D (GBARD and Tax Credits) by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 3.8 | 2023 | +21.14% | +31.42% | View data |
| 2 | 2 South Korea | 1.4 | 2023 | +0.18% | +3.63% | View data |
| 3 | 3 Norway | 1.33 | 2023 | +2.16% | +3.95% | View data |
| 4 | 4 Austria | 1.2 | 2023 | +1.66% | +4.9% | View data |
| 5 | 5 United Kingdom | 1.13 | 2023 | +5.38% | +6.16% | View data |
| 6 | 6 Greece | 1.06 | 2023 | +5.61% | +11.01% | View data |
| 7 | 7 France | 1.04 | 2023 | +0.25% | +1.82% | View data |
| 8 | 8 Belgium | 1.02 | 2023 | +1.9% | +3.95% | View data |
| 9 | 9 Denmark | 1.02 | 2023 | +0.22% | +2.19% | View data |
| 10 | 10 Germany | 1.01 | 2023 | +1.04% | +1.41% | View data |
