In 2023, South Korea led global intramural R&D expenditure in natural sciences and engineering with $128.48 billion, driven by a 5.82% year-on-year increase. Taiwan followed with $66.69 billion, showing a robust 11.23% growth. Notably, Poland and Portugal experienced significant year-on-year growth rates of 10.52% and 10.07%, respectively. While most countries saw positive trends, Mexico's expenditure declined by 5.7%. Over the past five years, the CAGR highlights Poland and Taiwan's substantial growth in R&D investment.
Future trends to watch include increasing investments from emerging economies in Europe and Asia. Additionally, geopolitical shifts and technological advancements will drive R&D expenditure growth patterns over the next decade.
Top countries in Total Intramural Expenditure on R&D in Natural Sciences and Engineering by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 128,480 | 2023 | +5.37% | +5.82% | View data |
| 2 | 2 Taiwan | 66,690 | 2023 | +10.46% | +11.23% | View data |
| 3 | 3 Russia | 47,720 | 2023 | +2.41% | +3.6% | View data |
| 4 | 4 Canada | 32,480 | 2023 | +2.45% | +2.34% | View data |
| 5 | 5 Poland | 21,920 | 2023 | +8.12% | +10.52% | View data |
| 6 | 6 Singapore | 12,330 | 2023 | +3.08% | +4.99% | View data |
| 7 | 7 Czech Republic | 9,780 | 2023 | +4.22% | +4.71% | View data |
| 8 | 8 Portugal | 6,510 | 2023 | +8.51% | +10.07% | View data |
| 9 | 9 Hungary | 6,190 | 2023 | +6.02% | +7.08% | View data |
| 10 | 10 Mexico | 4,670 | 2023 | -5.96% | -5.7% | View data |
