The United Kingdom leads in R&D expenditure in the construction sector with a significant margin at 2.03 billion USD PPP. Japan follows, reflecting its strong technological emphasis, while Italy, with a moderate presence, shows marginal growth. The data reveal variances in performance with Finland and Germany showing substantial growth rates of 7.64% and 7.49%, respectively, indicating an upswing in their R&D efforts. Interesting upward trends include Portugal and Romania with impressive increases of 30.91% and 66.55%, respectively. Conversely, Lithuania and Estonia experienced significant declines, indicating potential challenges in their construction R&D investments.
Future trends to watch include continued growth in Europe, led by Portugal’s aggressive R&D expansion strategies, which could serve as a model for other nations. Monitoring Japan’s traditional innovation strategies will be crucial as it tempers against new emerging economies. The balance of investment is likely to shift as Eastern Europe attempts to recover and capitalize on rising investments, while small players face uncertainties.
Top countries in Business Enterprise R&D Expenditure in Construction by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,030 | 2021 | +40.27% | View data | |
| 2 | 2 Japan | 1,840 | 2023 | +3.46% | +4.94% | View data |
| 3 | 3 Italy | 240.91 | 2023 | +10.26% | +0.95% | View data |
| 4 | 4 Finland | 199.86 | 2023 | +5.54% | +7.64% | View data |
| 5 | 5 Germany | 160.19 | 2023 | +3.77% | +7.49% | View data |
| 6 | 6 Spain | 143.07 | 2023 | +1.16% | -0.78% | View data |
| 7 | 7 Poland | 102.55 | 2023 | +6.3% | +9.01% | View data |
| 8 | 8 Portugal | 83.83 | 2023 | +21.57% | +30.91% | View data |
| 9 | 9 Czech Republic | 62.61 | 2023 | +3.17% | +2.87% | View data |
| 10 | 10 Norway | 45.49 | 2023 | +6.35% | +2.79% | View data |
