The global expenditure in R&D for residential care activities and social work activities without accommodation indicates significant disparity among countries. In 2024, Italy leads with $64.07 million, showing strong growth of 35.86% from the previous year. Spain and South Korea show notable year-on-year increases of 9.87% and 17.6% respectively, while New Zealand and Germany remain stagnant. Smaller economies like Iceland exhibit a positive trend, whereas Finland, Portugal, and the Czech Republic lag.
Future trends to watch include:
- Growing emphasis on digital transformation and innovation in care activities.
- Potential policy drives towards increased R&D funding in less matured markets like Portugal and the Czech Republic to stimulate growth.
- Monitoring the role of technology and collaborative international ventures in increasing expenditure and efficiency.
Top countries in Business Enterprise R&D Expenditure in Residential Care Activities and Social Work Activities Without Accommodation by Country
| # | 9 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 64.07 | 2023 | +51.87% | +35.86% | View data |
| 2 | 2 Spain | 11.7 | 2023 | +4.62% | +9.87% | View data |
| 3 | 3 New Zealand | 8.68 | 2023 | +51.37% | View data | |
| 4 | 4 Germany | 1.78 | 2023 | +27.34% | View data | |
| 5 | 5 Finland | 0.9 | 2021 | -3.96% | View data | |
| 6 | 6 South Korea | 0.49 | 2023 | +24.81% | +17.6% | View data |
| 7 | 7 Iceland | 0.42 | 2023 | +0.97% | +16.6% | View data |
| 8 | 8 Portugal | 0.18 | 2021 | +38.06% | View data | |
| 9 | 9 Czech Republic | 0.052 | 2021 | View data |
