Global R&D expenditure varied significantly across countries in 2023, with the United States leading at approximately 42.92 billion US dollars, a 9.12% increase from 2022. The United Kingdom, Japan, Germany, and Israel followed, showing diverse growth patterns. While Japan saw a slight decline, Germany and Israel had modest increases at 1.36% and 3.17%, respectively. Portugal stood out with a 15.51% surge. Conversely, Latvia suffered the largest drop at -6.99%. Notably, New Zealand and Lithuania experienced double-digit growth.
Future trends suggest that countries with robust technological infrastructures, such as the U.S. and Israel, will continue to lead due to sustained investment and innovation. Additionally, emerging economies that have shown recent growth, like Portugal and Lithuania, may play a larger role as they enhance their R&D capabilities through increased funding and supportive policies.
Top countries in Business Enterprise R&D Expenditure in Professional, Scientific, Technical, Administrative and Support Service Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 42,920 | 2023 | +1.77% | +9.12% | View data |
| 2 | 2 United Kingdom | 23,400 | 2021 | +20.77% | View data | |
| 3 | 3 Japan | 9,190 | 2023 | +9.22% | -0.0046% | View data |
| 4 | 4 Germany | 7,370 | 2023 | +2.93% | +1.36% | View data |
| 5 | 5 Israel | 5,870 | 2023 | +3.73% | +3.17% | View data |
| 6 | 6 Spain | 3,950 | 2023 | +1.16% | +1.49% | View data |
| 7 | 7 Canada | 2,600 | 2023 | +0.82% | +1.31% | View data |
| 8 | 8 Italy | 2,420 | 2023 | +5.07% | +1.67% | View data |
| 9 | 9 Poland | 2,280 | 2023 | -3.42% | +0.77% | View data |
| 10 | 10 Hungary | 1,180 | 2023 | +11.85% | +3.36% | View data |
