In 2023, Israel, with its value of 20.8 Billion US Dollars PPP, led global business enterprise expenditure on R&D in services. Germany followed with 17.81 billion. Year-on-year variations showed South Korea's R&D expenditure surging by 14.71%, while Slovakia exhibited the highest rise of 17.53%. Portugal also saw a significant increase of 17.35%. Over five years, these figures indicate a steady increase, with notable CAGR across these countries, reflecting robust growth in R&D investment.
Future trends in global R&D expenditure in services will likely include increasing investments in digital transformation, AI, and sustainability-driven technologies. Emerging markets may also accelerate their spending to compete globally.
Top countries in Business Enterprise Expenditure on R&D Performed in Services by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 20,800 | 2023 | +8.36% | +11.82% | View data |
| 2 | 2 Germany | 17,810 | 2023 | +4.5% | +5.35% | View data |
| 3 | 3 Canada | 14,550 | 2023 | +6.13% | +7.02% | View data |
| 4 | 4 South Korea | 14,490 | 2023 | +11.09% | +14.71% | View data |
| 5 | 5 Poland | 9,530 | 2023 | +9.49% | +12.37% | View data |
| 6 | 6 Sweden | 7,700 | 2023 | +4.02% | +5.47% | View data |
| 7 | 7 Switzerland | 4,770 | 2023 | +2.97% | +4.56% | View data |
| 8 | 8 Austria | 4,230 | 2023 | +2.77% | +3.8% | View data |
| 9 | 9 Taiwan | 3,920 | 2023 | +6.99% | +8.11% | View data |
| 10 | 10 Denmark | 3,300 | 2023 | +4.74% | +2.79% | View data |
