Which countries spend the most on R&D?

20 Countries that Spend the Most on Research and Development Finland. R&D Expenditure as a Percentage of GDP (2021): 2.98% GDP (2021): $296 billion Estimated Absolute R&D Spending: $8.86 billion. ... Norway. R&D Expenditure as a Percentage of GDP (2021): 1.93% ... Poland. ... Denmark. ... Turkey. ... Austria. ... Sweden. ... Belgium. More items... Mar 8, 2024

Who is the biggest spender on R&D?

Amazon , which classifies its R&D expenses as 'technology and content' in its filings, was the world's largest spender, reporting $73.2bn for the 2022 calendar year. This represented an increase of 30% compared with the previous year.

Which industry spends the most on R&D?

In 2022, the highest share of research and development spending (R&D) was made within the hardware technology producing industry , accounting for a total of nearly 23 percent of the global R&D spending. The health sector and software producers followed in second at nearly 21 percent each.

What percent of US GDP is on R&D?

The ratio of U.S. research and development (R&D) to gross domestic product (GDP), at 3.40% in 2021, exceeded 3% for the first time in 2019. However, the decades between the previous peak, 1964, and recent years have witnessed notable changes in the funding sources for domestic R&D.

How much is spent on R&D globally?

Research and development (R&D) spending was forecast to reach over 2.47 trillion U.S. dollars globally in 2022 (once local currencies are converted for purchasing power parity).

What is the main source of R&D funding?

For R&D funding, the main categories are businesses; the federal government; nonfederal government (state, regional, local); higher education; and nonprofit organizations .

Which country spends most on R&D as percentage of GDP?

Israel and South Korea are the world's leading spenders on research and development (R&D) as a percentage of gross domestic product (GDP).

How much does China spend on R&D?

China's R&D expenditure exceeds 3.3 trln yuan in 2023: minister. BEIJING, March 5 -- China's research and development (R&D) expenditure exceeded 3.3 trillion yuan (about 458.5 billion U.S. dollars) in 2023 , an 8.1-percent year-on-year increase, Minister of Science and Technology Yin Hejun said Tuesday.

What is the US share of global R&D?

The U.S. remains the top spender, funding 32% of global R&D in 2021. R&D funding as a share of GDP has plateaued for the OECD countries at large – staying at about 2.7% from 2020 to 2022, shown as the dotted line and right-side axis of the figure.

What is Amazon's R&D budget?

Amazon annual research and development expenses for 2023 were $85.622B , a 16.95% increase from 2022. Amazon annual research and development expenses for 2022 were $73.213B, a 30.62% increase from 2021. Amazon annual research and development expenses for 2021 were $56.052B, a 31.15% increase from 2020.

What is Apple's R&D budget?

Apple research and development expenses for the twelve months ending March 31, 2024 were $30.348B , a 5.65% increase year-over-year. Apple annual research and development expenses for 2023 were $29.915B, a 13.96% increase from 2022.

What is the biggest contributor to GDP in US?

Like most other developed nations, the U.S. economy is largely based on services. Service-based industries, including professional and business services, real estate, finance, and health care , make up the bulk (70%) of U.S. GDP.

How much do most companies spend on R&D?

Businesses continued to increase their research and development (R&D) performance in 2021, spending $602 billion on R&D in the United States, a 12.1% increase from 2020 (table 1). Funding from the companies' own sources accounted for $528 billion of this spending in 2021, a 13.2% increase from 2020.

R&D expenditure by country 2022 | Statista (2024)

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Leading countries by gross research and development (R&D) expenditure worldwide in 2022 (in billion PPP U.S. dollars) Statistics on " Research and development (R&D) worldwide " Other statistics that may interest you Research and development (R&D) worldwide Statistics Topics FAQs

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Published by

Einar H. Dyvik,

Apr 23, 2024

The United States is the leading country worldwide in terms of spending on research and development (R&D), with R&D expenditure exceeding 760 billion purchasing power parity (PPP) U.S. dollars. China is invested about 620 billion U.S. dollars into R&D.