In 2023, the estimated R&D labor costs for internal R&D personnel globally showed significant variances. China led the expenditure list, followed by Germany and South Korea, indicating robust R&D investments. Noteworthy is China's double-digit growth rate of 13.7%, underlining its commitment to innovation.
Other countries, including Poland and Slovakia, experienced marked year-on-year increases, suggesting expanding R&D activities. Some European countries, like France and Germany, demonstrated moderate growth rates around 3-4%, while Argentina noted a slight decline.
Future trends to watch include China's continued R&D expansion, Europe’s steady investments, and potential growth in emerging economies, shaping the competitive technological landscape globally.
Top countries in R&D Labour Costs for Internal R&D Personnel by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 274,780 | 2023 | +10.25% | +13.7% | View data |
| 2 | 2 Germany | 101,640 | 2023 | +3% | +3.56% | View data |
| 3 | 3 South Korea | 57,260 | 2023 | +5.63% | +6.15% | View data |
| 4 | 4 France | 51,690 | 2023 | +2.51% | +3.54% | View data |
| 5 | 5 Russia | 27,910 | 2023 | +2.54% | +3.49% | View data |
| 6 | 6 United Kingdom | 26,700 | 2023 | +1.97% | +1.79% | View data |
| 7 | 7 Israel | 17,880 | 2023 | +3.72% | +5.09% | View data |
| 8 | 8 Belgium | 11,300 | 2023 | +3.2% | +4.11% | View data |
| 9 | 9 Poland | 9,680 | 2023 | +4.73% | +7.51% | View data |
| 10 | 10 Austria | 9,490 | 2023 | +3.02% | +3.81% | View data |
