The global distribution of business enterprise expenditure on R&D shows that the United States and China are leading contributors, accounting for significant shares. Japan, South Korea, and Germany follow, but with markedly lower R&D investments. Several countries, including Portugal and Estonia, have shown impressive year-over-year growth in R&D expenditure, suggesting dynamic and rapidly evolving research sectors.
Future trends to watch include China's continued expansion, potentially overtaking the U.S., driven by government initiatives and industrial policy. Also, expect further growth in emerging economies like India and Brazil as they increase their focus on R&D investment to drive innovation and economic growth.
Top countries in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 33.16 | 2023 | +6.85% | +8.1% | View data |
| 2 | 2 China | 33.04 | 2023 | +8.09% | +9.59% | View data |
| 3 | 3 Japan | 8.28 | 2023 | +1.3% | +0.2% | View data |
| 4 | 4 South Korea | 5.43 | 2023 | +4.3% | +4.54% | View data |
| 5 | 5 Germany | 4.79 | 2023 | +1.45% | -0.26% | View data |
| 6 | 6 Taiwan | 3.14 | 2023 | +9.66% | +10.23% | View data |
| 7 | 7 France | 2.14 | 2023 | +1.26% | +0.37% | View data |
| 8 | 8 Italy | 1.19 | 2023 | +5.37% | +2.38% | View data |
| 9 | 9 Belgium | 0.81 | 2023 | +5.21% | +6.35% | View data |
| 10 | 10 Canada | 0.74 | 2023 | +1.3% | -0.036% | View data |
