In 2023, Italy led R&D budget allocations for economic development at 19.62 million USD PPP, closely followed by Taiwan at 19.04 million, and Belgium at 13.02 million. Year-over-year trends showed significant growth in Greece at 15.79% and Switzerland at 16.23%, while Estonia experienced a notable decline of 12.72%. Austria, Hungary, and Greece also posted double-digit increases, indicating vibrant R&D investments. Conversely, Mexico saw a decrease of 3.51%. Over the past five years, fluctuations have persisted, with some countries showing strong upward trajectories while others faced downward trends.
Future trends to watch include:
- Potential growth in Eastern European countries as they seek to bolster economic competitiveness.
- Stable or increasing investments in countries with established R&D infrastructure like Italy and Taiwan.
- Monitor the impact of geopolitical tensions on global R&D allocations.
- The influence of technological advancements and digital transformation initiatives on budget distributions.
- Possible reallocations due to fiscal policy shifts in response to global economic conditions.
Top countries in Civil Government Budget Allocations for R&D for Economic Development Programmes Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 19.62 | 2023 | +1.66% | +4.06% | View data |
| 2 | 2 Taiwan | 19.04 | 2023 | +2.32% | +2.97% | View data |
| 3 | 3 Belgium | 13.02 | 2023 | +3.81% | +5.99% | View data |
| 4 | 4 Austria | 8.33 | 2023 | +7.11% | +12.33% | View data |
| 5 | 5 Mexico | 8.31 | 2023 | +1.6% | -3.51% | View data |
| 6 | 6 Israel | 6.17 | 2023 | +1.76% | +2.65% | View data |
| 7 | 7 Greece | 6.05 | 2023 | +8.44% | +15.79% | View data |
| 8 | 8 Norway | 5.23 | 2023 | +1.72% | +2.84% | View data |
| 9 | 9 Switzerland | 4.02 | 2023 | +7.69% | +16.23% | View data |
| 10 | 10 Hungary | 3.82 | 2023 | +7.53% | +11.44% | View data |
