In 2024, China leads global applied research expenditures by governments, with 28.24 billion USD PPP, followed by the United States at 21.16 billion. Japan, South Korea, Czech Republic, and Slovakia trail with significantly lower investments. Year-on-year variations in 2023 revealed growth—with China and South Korea showing the highest increases at 3.23% and 2.76%, respectively. The United States and Japan also grew, albeit more modestly. The Czech Republic and Slovakia presented minimal variation, with Slovakia experiencing a slight decrease at -0.51%. The five-year compound annual growth rates will provide further insights into developing trends.
Future trends to watch include:
- Increasing focus on emerging technologies could drive further investments in applied research.
- China and the United States are likely to sustain their leadership roles in research funding.
- Global tensions and economic factors may influence governmental priorities and budgets.
- Collaborative international efforts might emerge to tackle global challenges.
Top countries in Applied Research Expenditures by Government by Country
| # | 6 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 28,240 | 2023 | +3.27% | +3.23% | View data |
| 2 | 2 United States | 21,160 | 2023 | +1.83% | +1.66% | View data |
| 3 | 3 Japan | 4,410 | 2023 | +0.39% | +0.3% | View data |
| 4 | 4 South Korea | 2,980 | 2023 | +2.5% | +2.76% | View data |
| 5 | 5 Czech Republic | 238.76 | 2023 | +0.42% | +0.21% | View data |
| 6 | 6 Slovakia | 49.71 | 2023 | -2.28% | -0.51% | View data |
