Countries by R&D Spending (% of GDP) 2024
About This Dataset
Countries by R&D Spending (% of GDP) 2024
The chart presents the R&D spending as a percentage of GDP for various countries in 2024, highlighting South Korea and Israel as the leaders with expenditures of 5.21% and 5.02%, respectively. Following them are Sweden at 3.50%, Japan at 3.27%, and Austria at 3.22%. This data underscores the significant investment in research and development by these nations, which is crucial for innovation and economic growth.
Analysis
The top three in R&D Expenditure (% of GDP) in 2024 are South Korea (5.21), Israel (5.02) and Sweden (3.50). The 8 entries cover a range of 2.20, from 5.21 down to 3.01. First and second are separated by 0.19, so the leader sits inside the field rather than apart from it. The other 6 are bunched between 3.01 and 3.50.
Source:
OECD
Key Findings
🏆
South Korea leads in R&D Expenditure (% of GDP) with 5.21 in 2024.
📊
Average R&D Expenditure (% of GDP) in 2024: 4 · median: 3.
↔️
Gap in 2024: South Korea is 1.7× larger than Finland.
Data Insights
Numbers, trends & sources behind this chart
Methodology & source
- Data source
- OECD
- Coverage
- 8 entities · 2024 · 8 observations
- Measure
- R&D Expenditure (% of GDP)
- Last updated
- 6 September 2026
- Compiled by
- The ANYSTAT team, from the source above
How the figures are calculated
- Values are shown as reported by the source. Nothing is rescaled, rebased or converted — the only changes are thousand separators and decimals shown to two places.
- Entities are ranked highest-first on their value in 2024.
Data Sources & References
All external sources cited in this dataset
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