It shouldn’t surprise anyone when I say that some of the most successful nations and organisations in the world are the ones that invest heavily in research. It is a way to fuel growth, improve competitiveness, efficiency, quality of life and much more.
Research and development expenditure (% of GDP) 2009-2013. Source: The World Bank. Click to visit website and enlarge.
Some of the latest data from The World Bank shows who are the biggest researchers, as a percentage of their Gross Domestic Product (GDP).
There are some surprises, but in general the biggest spenders are in Europe and North America. The top 20 includes Israel (1st), Finland (2nd), Sweden (3rd), Denmark (4th), Germany (5th), Austria (6th), Slovenia (7th), United States (8th), France (9th), Belgium (10th), Estonia (11th), Netherlands (12th), Singapore (13th), China (14th), Czech Republic (15th), Canada (16th), Ireland (17th), United Kingdom (18th), Norway (19th) and Portugal (20th).