In 2023, South Korea led Global Total Intramural R&D Expenditure in Natural Sciences with $22.89 billion, showcasing a 6.17% year-on-year increase. Poland's funding rose significantly by 14.88%, suggesting strong R&D growth. Taiwan and Czech Republic also showed robust annual increases of 10.14% and 8.2% respectively. Conversely, Latvia's expenditure fell by 4.35%, indicating possible challenges in R&D investment. Notable countries such as Singapore and Russia experienced moderate growth, while Slovenia and Slovakia grew at rates around 7%.
Future trends to watch:
- Countries might increase R&D investment in emerging technologies due to global competition.
- Economic changes and government policies could significantly impact R&D funding distribution.
- Focus might shift towards sustainable and green technology initiatives.
Top countries in Total Intramural Expenditure on R&D in Natural Sciences by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 22,890 | 2023 | +5.54% | +6.17% | View data |
| 2 | 2 Russia | 8,690 | 2023 | +2.34% | +3.29% | View data |
| 3 | 3 Poland | 6,490 | 2023 | +11.77% | +14.88% | View data |
| 4 | 4 Taiwan | 5,960 | 2023 | +9.22% | +10.14% | View data |
| 5 | 5 Czech Republic | 4,170 | 2023 | +5.81% | +8.2% | View data |
| 6 | 6 Portugal | 1,530 | 2023 | +1.53% | +5.73% | View data |
| 7 | 7 Singapore | 1,370 | 2023 | +2.2% | +6.34% | View data |
| 8 | 8 Hungary | 1,350 | 2023 | +5% | +5.17% | View data |
| 9 | 9 Slovenia | 655.97 | 2023 | +2.5% | +7.37% | View data |
| 10 | 10 Romania | 577.97 | 2023 | +2.83% | +5.66% | View data |
