R&D Expenditure by Country

South Korea leads with 4.9% as of Dec 2023, across 47 economies tracked below.

#CountryLastPreviousReference
1South Korea4.9%4.8%Dec 2023
2Sweden3.6%3.5%Dec 2023
3United States3.4%3.5%Dec 2023
4Japan3.4%3.4%Dec 2023
5Belgium3.3%3.2%Dec 2023
6Austria3.3%3.2%Dec 2023
7Switzerland3.2%3.2%Dec 2023
8Germany3.2%3.1%Dec 2023
9Finland3.1%3.0%Dec 2023
10Denmark3.0%2.9%Dec 2023
11United Kingdom2.7%2.8%Dec 2023
12China2.6%2.5%Dec 2023
13Euro Area2.3%2.3%Dec 2023
14Netherlands2.3%2.2%Dec 2023
15France2.2%2.2%Dec 2023
16Slovenia2.1%2.1%Dec 2023
17Norway1.9%1.6%Dec 2023
18Estonia1.8%1.8%Dec 2023
19Czechia1.8%1.9%Dec 2023
20Singapore1.8%1.9%Dec 2022
21Canada1.8%1.8%Dec 2024
22Portugal1.7%1.7%Dec 2023
23Ireland1.6%1.5%Dec 2023
24Poland1.6%1.4%Dec 2023
25New Zealand1.5%1.5%Dec 2023
26Greece1.5%1.5%Dec 2023
27Spain1.5%1.4%Dec 2023
28Türkiye1.4%1.3%Dec 2023
29Croatia1.4%1.4%Dec 2023
30Italy1.4%1.4%Dec 2023
31Hungary1.4%1.4%Dec 2023
32Brazil1.2%1.2%Dec 2023
33Hong Kong1.1%1.1%Dec 2024
34Luxembourg1.1%1.1%Dec 2023
35Lithuania1.0%1.1%Dec 2023
36Slovakia1.0%1.0%Dec 2023
37Russia0.9%0.9%Dec 2024
38Thailand0.9%1.2%Dec 2023
39Latvia0.8%0.8%Dec 2023
40Bulgaria0.8%0.8%Dec 2023
41Cyprus0.7%0.7%Dec 2023
42Malta0.6%0.6%Dec 2023
43Saudi Arabia0.6%0.5%Dec 2024
44South Africa0.6%0.6%Dec 2022
45Argentina0.6%0.5%Dec 2023
46Romania0.5%0.5%Dec 2023
47Mexico0.3%0.3%Dec 2024

Source & methodology

We use primary economic sources for every country. See our methodology page for how we source and verify this data.

FAQ

R&D Expenditure FAQ