The analysis of Global Private Non-Profit Expenditure on R&D in Natural Sciences reveals that in 2023, Japan led with the highest expenditure at 50 million US Dollars PPP, despite a slight decline. Russia showed the most significant growth, with a 27.9% increase, followed by remarkable rises in Slovenia and Slovakia, emphasizing a shift towards Eastern European investment. Conversely, Chile faced a steep decline of nearly 38%. Other notable increases included Finland's 19.39%, Spain's 35.28%, and South Korea's 6.51%. Over a five-year period, variations indicate a diverse range of investment growth, from stability in larger economies to rapid expansion in less developed markets.
Future trends worth watching include the potential for continued investment growth in Eastern Europe, where countries like Slovenia and Slovakia are emerging as notable contributors. Additionally, the decline in Chile’s expenditure might prompt strategic reassessments, impacting its future R&D landscape.
Top countries in Private Non-Profit Expenditure on R&D in Natural Sciences Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 50 | 2023 | +0.32% | -0.99% | View data |
| 2 | 2 Russia | 12.87 | 2023 | +6.17% | +27.9% | View data |
| 3 | 3 Portugal | 9.64 | 2023 | +1.02% | +8.24% | View data |
| 4 | 4 South Korea | 9.19 | 2023 | +1.95% | +6.51% | View data |
| 5 | 5 Canada | 5.49 | 2023 | +8.8% | +5.79% | View data |
| 6 | 6 Italy | 5.38 | 2023 | -0.4% | +2.64% | View data |
| 7 | 7 Spain | 1.79 | 2023 | +0.068% | +35.28% | View data |
| 8 | 8 Israel | 1.08 | 2023 | -1.29% | +4.23% | View data |
| 9 | 9 Poland | 0.86 | 2023 | +6.44% | +6.02% | View data |
| 10 | 10 Finland | 0.81 | 2023 | +17.01% | +19.39% | View data |
