In 2024, Japan leads the global R&D Budget for Industry and Knowledge Share with 41.63 million USD PPP, followed by the United States at 12.85 million USD PPP. Germany and South Korea trail with 7.53 and 7.15 million USD PPP, respectively. Over the past year, significant year-on-year variations include Japan's 34.85% surge, the United States at 3.19%, and South Korea's 10.82%. Notable increases also occurred in Poland (21.22%) and Cyprus (30.86%). Conversely, Spain and Mexico saw negative trends.
Over the last five years, the compound annual growth rate (CAGR) indicates Japan's leading trajectory, while steady but smaller increments are observed for other major participants.
Future trends to watch include Japan's continued dominance, potential growth spurts in emerging markets (Cyprus, Poland), and the risk of contraction in traditionally smaller markets like Latvia and Mexico. The rise of tech-driven economies and heightened collaboration in R&D could reshape the landscape significantly.
Top countries in R&D Budget for Industry and Knowledge Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 41.63 | 2023 | +22.04% | +34.85% | View data |
| 2 | 2 United States | 12.85 | 2023 | +2.95% | +3.19% | View data |
| 3 | 3 Germany | 7.53 | 2023 | +1.53% | +1.69% | View data |
| 4 | 4 South Korea | 7.15 | 2023 | +8.62% | +10.82% | View data |
| 5 | 5 United Kingdom | 5.73 | 2023 | +4.27% | +4.01% | View data |
| 6 | 6 France | 5.35 | 2023 | +1.95% | +1.41% | View data |
| 7 | 7 Italy | 3.85 | 2023 | +7.14% | +1.62% | View data |
| 8 | 8 Netherlands | 1.65 | 2023 | +1.57% | +1.87% | View data |
| 9 | 9 Belgium | 1.45 | 2023 | +2.58% | +3.68% | View data |
| 10 | 10 Spain | 1.45 | 2023 | -0.48% | -0.58% | View data |
