The Global Business Enterprise Expenditure on R&D in Agricultural and Veterinary Sciences reveals varying investment levels by country. South Korea leads with a significant sum, followed by Canada and Singapore. Expenditure appears more modest in European countries, with Romania, Latvia, and Slovakia at the lower end of the spectrum. In 2023, notable year-on-year increases occurred in Slovenia, Poland, and Portugal, while Russia and Romania saw declines. Over a five-year period, the CAGR highlights Asia's consistent growth alongside emergent trends in several European nations.
Future trends to watch include increased investment in sustainable practices and technology-driven agricultural solutions, emphasizing precision agriculture and biotechnology. Countries with smaller budgets may collectively rely on collaborative research initiatives to drive growth.
Top countries in Business Enterprise Expenditure on R&D in Agricultural and Veterinary Sciences by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 720.69 | 2023 | +3.33% | +3.17% | View data |
| 2 | 2 Canada | 413.98 | 2023 | +2.31% | +2.61% | View data |
| 3 | 3 Singapore | 376.66 | 2023 | +3.82% | +5.36% | View data |
| 4 | 4 Poland | 344.62 | 2023 | +7.88% | +7.96% | View data |
| 5 | 5 Chile | 192.74 | 2023 | +3.81% | +4.25% | View data |
| 6 | 6 Portugal | 153.91 | 2023 | +13.84% | +19.13% | View data |
| 7 | 7 Hungary | 137.83 | 2023 | +1.12% | +1.26% | View data |
| 8 | 8 Taiwan | 136.98 | 2023 | +5.58% | +0.27% | View data |
| 9 | 9 Czech Republic | 57.97 | 2023 | +1.53% | +3.09% | View data |
| 10 | 10 Slovenia | 33.51 | 2023 | +35.74% | +24.33% | View data |
