Major Countries R&D Expenditure (% GDP) Ranking (2023)
In 2022, R&D expenditure (% GDP) among major countries was highest in South Korea at 5.21%, followed by the United States at 3.59% and Japan at 3.41%. The average R&D expenditure (% GDP) across major countries was 2.01%, the median was 1.78%, and Mexico recorded the lowest R&D expenditure (% GDP) at 0.27%, according to the World Bank.
Data is available for the period 1996 to 2023 across 20 major countries.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 5.21% | 4.91% | 2022 | |
| 2 | 3.59% | 3.48% | 2022 | |
| 3 | 3.41% | 3.28% | 2022 | |
| 4 | 3.13% | 3.13% | 2022 | |
| 5 | 2.9% | 2.94% | 2021 | |
| 6 | 2.56% | 2.43% | 2022 | |
| 7 | 2.26% | 2.27% | 2022 | |
| 8 | 2.23% | 2.22% | 2022 | |
| 9 | 1.86% | 1.83% | 2021 | |
| 10 | 1.7% | 1.71% | 2023 | |
| 11 | 1.44% | 1.41% | 2022 | |
| 12 | 1.39% | 1.43% | 2022 | |
| 13 | 1.32% | 1.4% | 2022 | |
| 14 | 1.15% | 1.21% | 2020 | |
| 15 | 0.93% | 0.96% | 2022 | |
| 16 | 0.65% | 0.66% | 2020 | |
| 17 | 0.56% | 0.46% | 2023 | |
| 18 | 0.28% | 0.27% | 2020 | |
| 19 | 0.27% | 0.26% | 2023 |
Major Countries R&D Expenditure (% GDP) Ranking (2023) : Definition
R&D Expenditure (% GDP) measures total spending on research and development during the reporting year, expressed as a percentage of nominal GDP.