Global Total Intramural Expenditure on R&D in Agricultural and Veterinary Sciences by Country

In 2023, South Korea led global intramural expenditure on R&D in agricultural and veterinary sciences, investing approximately $2.37 billion USD PPP, the highest among the compared countries. Poland followed with a notable $0.887 billion. Despite lower expenditure levels, countries such as Taiwan and Russia maintained consistent contributions of $0.853 billion and $0.823 billion, respectively. Smaller economies like Singapore and Chile, although investing less, showed commendable economic focus on this sector.

Year-on-year variations indicate Poland's significant growth at 8.69%, followed by Portugal at 8.53%. Conversely, Hungary observed a slight decline of 0.12%. Over the last five years, notable Compound Annual Growth Rates (CAGRs) were observed in Poland, Portugal, and the Czech Republic, showcasing their increasing focus on agricultural and veterinary sciences.

Future trends include:

• The continued investment growth in Poland and Portugal highlights these countries as emerging leaders in agricultural R&D investments.
• South Korea's leadership position could signal future technological advancements in its agriculture sector.
• Countries with declining or minimal year-on-year growth may need strategic reforms to boost R&D investments and maintain competitive advantages in agriculture.
• Global shifts in climate and the need for sustainable practices are likely to drive changes in R&D focuses across countries.