In 2023, Japan and the United States lead in global government R&D support, valued at 28.9 million and 1.55 million USD respectively, showcasing significant investment. Notably, Poland and Cyprus demonstrated remarkable growth, with year-over-year increases of 10.62% and 25.61%. Meanwhile, Mexico experienced a contraction of 5.51%. Overall, European countries presented modest growth, with notable performances by Ireland and Finland at 7.43% and 5.36%. Constraints were evident in Southern European economies, including Italy and Spain, with declines. The five-year CAGR suggests robust yet varied growth patterns, underscoring the strategic importance of R&D investment globally.
Future trends indicate an intensified focus on amplifying R&D investment, particularly in Asia and advanced European economies, to foster innovation and economic resilience. Observations suggest potential policy shifts towards increased funds allocation to science-driven sectors, influenced by geopolitical dynamics and sustainability imperatives.
Top countries in Total Government Support For R&D (GBARD and Tax Credits) Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 28.76 | 2023 | +19.89% | +28.9% | View data |
| 2 | 2 United States | 26.75 | 2023 | +1.52% | +1.55% | View data |
| 3 | 3 Germany | 6.77 | 2023 | +1.8% | +2.27% | View data |
| 4 | 4 South Korea | 6.19 | 2023 | +9.02% | +9.92% | View data |
| 5 | 5 United Kingdom | 4.5 | 2023 | +3.4% | +3.13% | View data |
| 6 | 6 France | 4.49 | 2023 | +1.42% | +1.28% | View data |
| 7 | 7 Russia | 3.19 | 2023 | +0.2% | +2.19% | View data |
| 8 | 8 Italy | 2.56 | 2023 | +0.3% | -0.19% | View data |
| 9 | 9 Canada | 2 | 2023 | +3.43% | +4.05% | View data |
| 10 | 10 Spain | 1.41 | 2023 | -0.9% | -1.18% | View data |
