Countries by R&D Spending (% of GDP) 2024

About This Dataset

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.

✨ AI Insight

The stark contrast in R&D spending between the top two countries and the others is notable, with South Korea and Israel investing over 5% of their GDP, while the next highest, Sweden, is at 3.50%. This gap indicates a strong commitment to innovation in South Korea and Israel, likely driven by their focus on technology and high-tech industries. Countries like Japan and Germany, while still investing significantly, fall behind with 3.27% and 3.13% respectively, suggesting a potential area for growth in their R&D strategies. The trend indicates that nations prioritizing R&D are likely to maintain a competitive edge in the global economy.

Source: OECD

Key Findings

Auto-computed highlights from this dataset

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South Korea leads with 5 in 2024.

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Average value in 2024: 4 · median: 3.

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Gap in 2024: South Korea is 1.7× larger than Finland.