In 2023, Italy led with the highest R&D expenditure in ship and boat building at 163.4 million USD PPP, reflecting a modest year-on-year increase of 4.3%. Japan and Spain followed, exhibiting declines of 2.57% and 1.88%, respectively. Notably, Norway saw a significant rise of 7.07%, while Taiwan experienced a moderate increase of 3.91%. Portugal's expenditure grew by 1.32%. In contrast, Iceland's expenditure remained static, and Estonia faced a sharp drop of 27.52%.
Future trends to watch include:
- Continued investment growth in Norway as it strengthens its position.
- Potential recovery in Japanese and Spanish R&D spending.
- Monitoring Estonia's efforts to stabilize and reinvigorate R&D investments.
Top countries in Business Enterprise R&D Expenditure in Building of Ships and Boats by Country
| # | 8 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 163.4 | 2023 | +3.84% | +4.3% | View data |
| 2 | 2 Japan | 144.45 | 2023 | +1.64% | -2.57% | View data |
| 3 | 3 Spain | 93.05 | 2023 | +5.2% | -1.88% | View data |
| 4 | 4 Norway | 49.3 | 2023 | +5.18% | +7.07% | View data |
| 5 | 5 Taiwan | 6.75 | 2023 | +0.91% | +3.91% | View data |
| 6 | 6 Portugal | 3.16 | 2023 | -0.69% | +1.32% | View data |
| 7 | 7 Iceland | 0.1 | 2023 | +11.7% | View data | |
| 8 | 8 Estonia | 0.067 | 2023 | +8.06% | -27.52% | View data |
