In 2023, South Korea, Taiwan, and Russia were the top contributors to intramural expenditure on R&D in Natural Sciences and Engineering among the analyzed countries. South Korea led with significant expenditure, followed by Taiwan with notable growth. Countries like Poland and Portugal showed substantial year-on-year increases, whereas Mexico experienced a decline. Singapore, Canada, and others maintained moderate spending levels with slight upticks. The five-year CAGR indicates stability in growth rates, with developing nations showing potential for growth.
Future trends to watch include: - Growth in Poland and Portugal due to increased funding - Potential shifts in Russia's expenditure due to geopolitical factors - Development in emerging markets like Romania and Latvia as they increase their focus on R&D - The impact of global economic conditions on overall R&D funding and prioritization
Top countries in Total Intramural Expenditure on R&D in Natural Sciences and Engineering Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 37.16 | 2023 | +5.37% | +5.82% | View data |
| 2 | 2 Taiwan | 19.29 | 2023 | +10.46% | +11.23% | View data |
| 3 | 3 Russia | 13.8 | 2023 | +2.41% | +3.6% | View data |
| 4 | 4 Canada | 9.39 | 2023 | +2.45% | +2.34% | View data |
| 5 | 5 Poland | 6.34 | 2023 | +8.12% | +10.52% | View data |
| 6 | 6 Singapore | 3.57 | 2023 | +3.08% | +4.99% | View data |
| 7 | 7 Czech Republic | 2.83 | 2023 | +4.22% | +4.71% | View data |
| 8 | 8 Portugal | 1.88 | 2023 | +8.51% | +10.07% | View data |
| 9 | 9 Hungary | 1.79 | 2023 | +6.02% | +7.08% | View data |
| 10 | 10 Mexico | 1.35 | 2023 | -5.96% | -5.7% | View data |
