Global R&D Spending Growth (2000–2024)

What We're Showing

This visualization ranks the world’s fastest-growing R&D spenders based on the compound annual growth rate (CAGR) of gross R&D expenditure between 2000 and 2024, using data from the World Intellectual Property Organization (WIPO). All figures are in constant 2015 purchasing power parity (PPP)-adjusted U.S. dollars.

Key Takeaways

• China leads the world in R&D growth from 2000–2024, with spending rising at a 13.1% compound annual rate, and reaching $785.9 billion in 2024.
• Several emerging economies, including Saudi Arabia, Egypt, and Indonesia, rank among the fastest-growing R&D spenders globally.
• The U.S. is the second-largest R&D spender in absolute terms, with $781.7 billion in outlays, but ranks 69th in spending growth since 2000.