The analysis of 2023 data shows that South Korea leads in defense R&D outlays, with significant year-on-year growth. The United Kingdom and Russia have also shown moderate growth, whereas Germany and Japan experienced substantial declines. Norway experienced notable growth of 94.91%, indicating an increased investment focus. Conversely, Australia saw a marked decline. Smaller countries like Slovenia witnessed remarkable growth, albeit from a lower base. The average 5-year CAGR reflects these trends, highlighting variability influenced by specific national priorities and geopolitical contexts.
Future trends to watch include:
- Increased focus on technological advancements and cybersecurity may influence future budget allocations.
- Geopolitical tensions could drive more countries to increase their defense R&D spending.
- Economic constraints and priorities might lead to budget reallocations, impacting defense R&D funding.
Top countries in Government Budget Appropriations or Outlays for R&D in Defence Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 27.26 | 2023 | +4.75% | +5.47% | View data |
| 2 | 2 United Kingdom | 19.03 | 2023 | +4.54% | +3.34% | View data |
| 3 | 3 Russia | 16.3 | 2023 | +0.92% | +0.83% | View data |
| 4 | 4 Germany | 9.03 | 2023 | -3.15% | -25.43% | View data |
| 5 | 5 Spain | 8.36 | 2023 | +4.8% | -1.68% | View data |
| 6 | 6 Japan | 5.7 | 2023 | -12.54% | -29.96% | View data |
| 7 | 7 Poland | 4.14 | 2023 | +4.02% | +5.41% | View data |
| 8 | 8 Norway | 3.23 | 2023 | +5.73% | +94.91% | View data |
| 9 | 9 Belgium | 3.1 | 2023 | +4.45% | -2.29% | View data |
| 10 | 10 Israel | 2.33 | 2023 | +2.59% | +2.55% | View data |
