In 2023, South Korea led global private non-profit expenditure in R&D for natural sciences and engineering with $2.67 billion, marked by a robust 15.39% annual growth. Japan and Italy followed with $2.06 billion and $0.65 billion, respectively, showing modest growth. Russia, Portugal, and the Czech Republic displayed double-digit yearly growth rates, highlighting potential emerging contributions. Conversely, countries like Chile and Slovakia experienced declines, with Slovakia dropping significantly by 45.95%.
Future trends to watch include evolving priorities in technology and sustainability, their impact on R&D allocation, and emerging players, particularly in regions showing recent growth spurts. International collaborations and regulations may also influence future expenditures.
Top countries in Private Non-Profit 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 | 2,670 | 2023 | +8.95% | +15.39% | View data |
| 2 | 2 Japan | 2,060 | 2023 | +0.27% | +0.32% | View data |
| 3 | 3 Italy | 654.62 | 2023 | +1.37% | +6.6% | View data |
| 4 | 4 Russia | 188.04 | 2023 | +4.98% | +13.19% | View data |
| 5 | 5 Portugal | 137.6 | 2023 | +1.24% | +13.53% | View data |
| 6 | 6 Canada | 111.11 | 2023 | +1.4% | -0.72% | View data |
| 7 | 7 Spain | 85.26 | 2023 | +1.66% | +7.8% | View data |
| 8 | 8 Mexico | 72.96 | 2023 | +0.6% | +1.29% | View data |
| 9 | 9 Taiwan | 55.85 | 2023 | +0.039% | +3.35% | View data |
| 10 | 10 Chile | 49.88 | 2023 | -14.19% | -10.93% | View data |
