Japan leads with a significant investment of 8.44 billion USD PPP in R&D general public services, showing a modest increase of 0.41% from 2023. Romania and Greece follow with investments of 1.39 and 1.36 billion USD PPP, respectively, experiencing growth rates of 1.45% and 2.47%. Germany and the UK exhibit noteworthy growth rates of 2.81% and 9.75%, highlighting an increased focus on R&D expenditures. Contrarily, countries like Italy, Portugal, and the Netherlands are witnessing declines in their R&D spending, with Italy contracting by 3% and the Netherlands by a substantial 22.27%.
Future trends to monitor in global government expenditure on R&D include:
- The impact of geopolitical shifts and economic adjustments on R&D budgets.
- Technological advancements that may influence government priorities in funding.
- Emerging markets potentially increasing their contributions significantly.
- The evolving role of public-private partnerships in driving R&D investments.
Top countries in Government Expenditure on R&D General Public Services by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 8,440 | 2023 | +0.92% | +0.41% | View data |
| 2 | 2 Romania | 1,390 | 2023 | +2.07% | +1.45% | View data |
| 3 | 3 Greece | 1,360 | 2023 | +1.69% | +2.47% | View data |
| 4 | 4 Germany | 673.44 | 2023 | +2.46% | +2.81% | View data |
| 5 | 5 United Kingdom | 600.93 | 2023 | +4.95% | +9.75% | View data |
| 6 | 6 Spain | 566.41 | 2023 | +1.57% | +1.64% | View data |
| 7 | 7 Norway | 428.14 | 2023 | +2.55% | +2.58% | View data |
| 8 | 8 Italy | 284.19 | 2023 | -3.76% | -3% | View data |
| 9 | 9 Czech Republic | 235.89 | 2023 | +2.65% | -3.19% | View data |
| 10 | 10 Colombia | 119.93 | 2023 | -8.96% | -3.57% | View data |
