The Global Gross Domestic Expenditure on R&D financed by the government varies greatly among countries. In 2023, South Korea led with an expenditure of 1.17% of GDP, showing a significant 4.82% year-on-year growth, while many European countries showed moderate variations. Notable increases were seen in Greece, Cyprus, and Egypt, with declines in Canada, Costa Rica, and Kazakhstan. Over the last five years, Hungary and Poland showed robust growth in spending, indicating rising government support for R&D.
Future trends suggest a shift towards increased R&D expenditure in emerging economies, driven by technological advancements and government initiatives to boost innovation. There may be heightened focus on sustainability and digital transformation, influencing R&D spending priorities globally.
Top countries in Gross Domestic Expenditure on R&D Financed by Government by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 1.17 | 2023 | +2.2% | +4.82% | View data |
| 2 | 2 Austria | 0.98 | 2023 | +0.79% | +0.84% | View data |
| 3 | 3 Norway | 0.91 | 2023 | +0.58% | -1.36% | View data |
| 4 | 4 Denmark | 0.84 | 2023 | +0.28% | +0.31% | View data |
| 5 | 5 Sweden | 0.79 | 2023 | +0.00026% | -0.98% | View data |
| 6 | 6 Finland | 0.77 | 2023 | +0.098% | -0.37% | View data |
| 7 | 7 Russia | 0.76 | 2023 | +0.51% | +2.66% | View data |
| 8 | 8 Singapore | 0.74 | 2023 | +0.028% | +1.36% | View data |
| 9 | 9 Egypt | 0.71 | 2023 | +0.98% | +0.7% | View data |
| 10 | 10 France | 0.71 | 2023 | -0.85% | +0.44% | View data |
