In 2023, Japan led in global appropriations for agricultural R&D, with Germany and South Korea following. Germany saw a significant increase of 103.29% in its allocations compared to the previous year, showcasing a substantial policy shift or investment in this sector. Sweden was another standout performer with a remarkable 132.06% growth. Countries like Italy and Norway also recorded significant variances, indicating growing priorities for agricultural R&D. On the other hand, Poland, Belgium, and Portugal witnessed declines in their budgetary allocations. Over a five-year period, the trend generally indicates an upward trajectory in agricultural R&D funding for most countries.
In the future, watch for continued growth in funding across advanced economies as they prioritize sustainable agriculture and technological advancements. Emerging economies may gradually increase their R&D spending to enhance food security and climate resilience. Additionally, global collaboration and policy initiatives could further accelerate investment in agricultural research and development worldwide.
Top countries in Government Budget Appropriations or Outlays for R&D in Agriculture by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 44,890 | 2023 | +4.47% | +4.1% | View data |
| 2 | 2 Germany | 42,630 | 2023 | +6.57% | +103.29% | View data |
| 3 | 3 South Korea | 29,490 | 2023 | +4.65% | +5.39% | View data |
| 4 | 4 Russia | 18,050 | 2023 | +1.26% | +1.24% | View data |
| 5 | 5 Spain | 12,700 | 2023 | +4.35% | +5.16% | View data |
| 6 | 6 Netherlands | 8,290 | 2023 | +3.3% | +3.21% | View data |
| 7 | 7 Mexico | 5,920 | 2023 | +3.04% | +1.14% | View data |
| 8 | 8 Belgium | 3,530 | 2023 | +4.79% | -1.32% | View data |
| 9 | 9 Italy | 3,470 | 2023 | -3.59% | +51.37% | View data |
| 10 | 10 Norway | 3,350 | 2023 | +4.37% | +67.31% | View data |
