In 2023, Japan leads with significant R&D expenditure in agricultural and veterinary sciences, closely followed by the UK, Germany, and South Korea. Noteworthy trends include substantial growth in Latvia, Singapore, and Lithuania, with increased investment levels. Conversely, Hungary experienced a sharp decline of over 27%. Over five years, many European countries show consistent investment increases, emphasizing technological advancements in agriculture.
Future trends to watch include potential shifts towards sustainable agriculture and biotechnology, driven by climate change concerns. Countries may adjust R&D budgets to prioritize these areas, creating opportunities for innovation and collaboration across borders."
Top countries in Government Expenditure on R&D in Agricultural and Veterinary Sciences Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 22.17 | 2023 | +0.032% | +0.33% | View data |
| 2 | 2 United Kingdom | 14.66 | 2023 | +4.13% | +6.65% | View data |
| 3 | 3 Germany | 11.61 | 2023 | +1.71% | +1.58% | View data |
| 4 | 4 South Korea | 11.21 | 2023 | +2.65% | +2.21% | View data |
| 5 | 5 Russia | 7.51 | 2023 | +2.26% | +2.45% | View data |
| 6 | 6 Spain | 6.76 | 2023 | +1.77% | +2.24% | View data |
| 7 | 7 Taiwan | 6.01 | 2023 | +1.4% | +4.77% | View data |
| 8 | 8 Italy | 5.48 | 2023 | +0.99% | +3.26% | View data |
| 9 | 9 Netherlands | 3.5 | 2023 | +0.27% | +1.26% | View data |
| 10 | 10 Norway | 2.64 | 2023 | +2.69% | +0.27% | View data |
